Pear Tree Correlations

USBOX Fund

USD 25.01 0.13 0.52%

The current 90-days correlation between Pear Tree Quality and Pear Tree Polaris is 0.48 (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

Poor diversification

The correlation between Pear Tree Quality and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pear Tree Quality and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Pear Tree Quality. 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

0.87	GEORX	Pear Tree Essex	Pair Corr
0.87	GEOSX	Essex Environmental	Pair Corr
0.65	USBNX	Pear Tree Polaris	Pair Corr
0.64	QBNAX	Pear Tree Polaris	Pair Corr
0.87	EEOFX	Essex Environmental	Pair Corr
1.0	QGIAX	Pear Tree Quality	Pair Corr
0.71	VTSAX	Vanguard Total Stock	Pair Corr
0.73	VFIAX	Vanguard 500 Index	Pair Corr
0.71	VTSMX	Vanguard Total Stock	Pair Corr
0.71	VITSX	Vanguard Total Stock	Pair Corr
0.71	VSMPX	Vanguard Total Stock	Pair Corr
0.71	VSTSX	Vanguard Total Stock	Pair Corr
0.73	VFINX	Vanguard 500 Index	Pair Corr
0.73	VFFSX	Vanguard 500 Index	Pair Corr
0.73	VINIX	Vanguard Institutional	Pair Corr
0.73	VIIIX	Vanguard Institutional	Pair Corr
0.93	FTYPX	Fidelity Freedom Index	Pair Corr
0.94	FFBTX	Fidelity Freedom Blend	Pair Corr
1.0	GQLOX	Gmo Quality Fund	Pair Corr
0.74	GHVIX	Gmo High Yield	Pair Corr
0.75	GMCQX	Gmo Equity Allocation	Pair Corr
0.89	HGXVX	Hartford Global Impact	Pair Corr
0.88	AMECX	Income Fund	Pair Corr
0.67	VSEQX	Vanguard Strategic Equity	Pair Corr

Moving against Pear Mutual Fund

0.32

GABFX

Gmo Asset Allocation Steady Growth

Pair Corr

Related Correlations Analysis

	QFVOX	QUSOX	POLRX	AQUI	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3
QFVOX		0.97	-0.7	0.0	-0.25	0.02	-0.71	0.05	-0.72	-0.79	QFVOX
QUSOX	0.97		-0.8	0.0	-0.38	-0.17	-0.74	-0.14	-0.76	-0.82	QUSOX
POLRX	-0.7	-0.8		0.0	0.67	0.48	0.71	0.61	0.74	0.68	POLRX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	-0.25	-0.38	0.67	0.0		0.69	0.3	0.77	0.38	0.29	LBHIX
MSTSX	0.02	-0.17	0.48	0.0	0.69		-0.01	0.86	0.07	0.24	MSTSX
VIASP	-0.71	-0.74	0.71	0.0	0.3	-0.01		0.16	0.83	0.63	VIASP
RRTLX	0.05	-0.14	0.61	0.0	0.77	0.86	0.16		0.23	0.12	RRTLX
OSHDF	-0.72	-0.76	0.74	0.0	0.38	0.07	0.83	0.23		0.52	OSHDF
70082LAB3	-0.79	-0.82	0.68	0.0	0.29	0.24	0.63	0.12	0.52		70082LAB3
	QFVOX	QUSOX	POLRX	AQUI	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3

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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

QUSOX	+ 0.97	QFVOX
RRTLX	+ 0.86	MSTSX
OSHDF	+ 0.83	VIASP
RRTLX	+ 0.77	LBHIX
OSHDF	+ 0.74	POLRX
VIASP	+ 0.71	POLRX

High negative correlations

70082LAB3	- 0.82	QUSOX
POLRX	- 0.8	QUSOX
70082LAB3	- 0.79	QFVOX
OSHDF	- 0.76	QUSOX
VIASP	- 0.74	QUSOX
OSHDF	- 0.72	QFVOX

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
QFVOX	0.59	(0.15)	0.00	(0.32)	0.00	0.00	1.31	(1.48)	3.35
QUSOX	0.58	(0.18)	0.00	(0.56)	0.00	0.00	1.23	(1.37)	3.88
POLRX	0.65	0.05	0.02	0.19	0.64	(0.72)	1.29	(1.39)	4.47
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.08	0.50	(0.60)	1.21	(1.02)	2.80
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	(0.02)	(0.30)	0.07	0.23	(0.25)	0.48	(0.56)	1.36
OSHDF	39.65	20.25	0.00	(19.11)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.63	0.00	(0.12)	(0.21)	1.03	(0.68)	1.66	(1.19)	4.03

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