Pear Tree Correlations

QFVIX Fund

USD 27.33 0.13 0.48%

The current 90-days correlation between Pear Tree Polaris and Edgewood Growth Fund is 0.5 (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

Significant diversification

The correlation between Pear Tree Polaris and DJI is 0.05 (i.e., Significant 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 gross domestic product.

Moving together with Pear Mutual Fund

0.99	DOXFX	Dodge Cox International	Pair Corr
0.98	OANIX	Oakmark International Steady Growth	Pair Corr
0.99	DODFX	Dodge International Stock	Pair Corr
0.98	OAKIX	Oakmark International Steady Growth	Pair Corr
0.85	OAYIX	Oakmark International Steady Growth	Pair Corr
0.98	OAZIX	Oakmark International Steady Growth	Pair Corr
0.98	FINVX	Fidelity Series Inte	Pair Corr
0.98	VTRIX	Vanguard International	Pair Corr
0.99	RRIGX	T Rowe Price	Pair Corr
0.74	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.74	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.77	FGPMX	Franklin Gold And Steady Growth	Pair Corr
0.67	FRGOX	Franklin Gold Precious Steady Growth	Pair Corr
0.66	MIDSX	Midas Fund Midas	Pair Corr
0.67	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.87	CVLOX	Calamos Global Growth	Pair Corr
0.82	MAUKX	Pioneer Multi Asset	Pair Corr

Moving against Pear Mutual Fund

0.36

TRV

The Travelers Companies

Pair Corr

Related Correlations Analysis

	EGFIX	LSGRX	NMVLX	PFPMX
EGFIX		0.98	0.94	0.97	EGFIX
LSGRX	0.98		0.95	0.97	LSGRX
NMVLX	0.94	0.95		0.96	NMVLX
PFPMX	0.97	0.97	0.96		PFPMX
	EGFIX	LSGRX	NMVLX	PFPMX

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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
EGFIX	0.70	0.21	(0.04)	(11.26)	0.56	(0.79)	2.17	(1.03)	5.42
LSGRX	0.73	0.32	0.08	(1.93)	0.31	(0.98)	1.59	(1.06)	5.46
NMVLX	0.69	0.19	(0.11)	(0.68)	0.60	(0.79)	1.83	(1.29)	4.17
PFPMX	0.64	0.24	(0.02)	(2.38)	0.53	(0.71)	1.51	(1.04)	5.62

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