Pear Tree Correlations

QFVOX Fund

USD 23.91 0.29 1.23%

The current 90-days correlation between Pear Tree Polaris and Wasatch E Growth is 0.45 (i.e., Very weak diversification). The correlation of Pear Tree is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Pear Tree Correlation With Market

Weak diversification

The correlation between Pear Tree Polaris and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pear Tree Polaris and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pear Tree Polaris. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Pear Mutual Fund

0.97	QUSOX	Pear Tree Polaris	Pair Corr
0.97	QUSIX	Pear Tree Polaris	Pair Corr
0.97	QUSRX	Pear Tree Polaris	Pair Corr
1.0	QFVIX	Pear Tree Polaris	Pair Corr
1.0	QFVRX	Pear Tree Polaris	Pair Corr
0.92	QISIX	Pear Tree Polaris	Pair Corr
0.92	QISRX	Pear Tree Polaris	Pair Corr
0.92	QISOX	Pear Tree Polaris	Pair Corr
0.66	DOXFX	Dodge Cox International	Pair Corr
0.9	OANIX	Oakmark International	Pair Corr
0.74	DODFX	Dodge International Stock	Pair Corr
0.9	OAKIX	Oakmark International	Pair Corr
0.9	OAYIX	Oakmark International	Pair Corr
0.83	OAZIX	Oakmark International	Pair Corr
0.95	FINVX	Fidelity Series Inte	Pair Corr
0.82	VTRIX	Vanguard International	Pair Corr
0.97	RRIGX	T Rowe Price	Pair Corr
0.67	XNXJX	Nuveen New Jersey	Pair Corr
0.76	NXJ	Nuveen New Jersey	Pair Corr
0.7	XNBHX	Neuberger Berman Int	Pair Corr

Moving against Pear Mutual Fund

0.56	QBNAX	Pear Tree Polaris	Pair Corr
0.55	USBNX	Pear Tree Polaris	Pair Corr
0.74	XPPRX	Voya Prime Rate Steady Growth	Pair Corr
0.62	FZROX	Fidelity Zero Total	Pair Corr
0.61	ADGAX	Ab E Opportunities	Pair Corr
0.55	PCF	Putnam High Income	Pair Corr
0.53	XNKGX	Nuveen Georgia Quality	Pair Corr
0.5	VEIPX	Vanguard Equity Income	Pair Corr
0.46	HNSGX	Harbor Small Cap	Pair Corr
0.43	APDOX	Artisan Emerging Markets	Pair Corr
0.39	GVCIX	Gabelli Val	Pair Corr

Related Correlations Analysis

	WGROX	TGFNX	TGIGX	MGFIX	PAXHX
WGROX		-0.69	0.0	-0.65	0.51	WGROX
TGFNX	-0.69		0.0	0.96	0.03	TGFNX
TGIGX	0.0	0.0		0.0	0.0	TGIGX
MGFIX	-0.65	0.96	0.0		0.15	MGFIX
PAXHX	0.51	0.03	0.0	0.15		PAXHX
	WGROX	TGFNX	TGIGX	MGFIX	PAXHX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MGFIX	+ 0.96	TGFNX
PAXHX	+ 0.51	WGROX
PAXHX	+ 0.15	MGFIX
PAXHX	+ 0.03	TGFNX
TGIGX	+ 0.0	WGROX
TGIGX	+ 0.0	TGFNX

High negative correlations

TGFNX	- 0.69	WGROX
MGFIX	- 0.65	WGROX
PAXHX	- 0.0	TGIGX
MGFIX	- 0.0	TGIGX
TGIGX	- 0.0	TGFNX
TGIGX	- 0.0	WGROX

Risk-Adjusted Indicators

There is a big difference between Pear Mutual Fund performing well and Pear Tree Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pear Tree's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WGROX	0.82	0.07	0.10	0.15	0.77	(0.93)	1.98	(1.34)	6.18
TGFNX	0.24	(0.02)	0.00	0.63	0.00	0.00	0.51	(0.72)	1.66
TGIGX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGFIX	0.22	(0.02)	0.00	(0.28)	0.00	0.00	0.46	(0.60)	1.34
PAXHX	0.12	0.00	(0.41)	0.00	0.00	(0.21)	0.33	(0.17)	0.83

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