Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Quality
QGIAX Fund  USD 27.52  0.09  0.33%   
The current 90-days correlation between Pear Tree Quality and Pear Tree Quality is 0.03 (i.e., Significant 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

Good diversification

The correlation between Pear Tree Quality and DJI is -0.07 (i.e., Good 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 Your Equity Center 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 nation.

Moving together with Pear Mutual Fund

  0.96GEORX Pear Tree EssexPairCorr
  0.93GEOSX Essex EnvironmentalPairCorr
  0.96USBOX Pear Tree QualityPairCorr
  0.89USBNX Pear Tree PolarisPairCorr
  0.89QBNAX Pear Tree PolarisPairCorr
  0.93EEOFX Essex EnvironmentalPairCorr
  0.96QUSOX Pear Tree PolarisPairCorr
  0.96QUSIX Pear Tree PolarisPairCorr
  0.96QUSRX Pear Tree PolarisPairCorr
  0.96QFVIX Pear Tree PolarisPairCorr
  0.95QFVOX Pear Tree PolarisPairCorr
  0.95QFVRX Pear Tree PolarisPairCorr
  0.97QISIX Pear Tree PolarisPairCorr
  0.97QISRX Pear Tree PolarisPairCorr
  0.96QISOX Pear Tree PolarisPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.95VINIX Vanguard InstitutionalPairCorr
  0.95VIIIX Vanguard InstitutionalPairCorr
  0.66NHS Neuberger Berman HighPairCorr
  0.95OSCNX Oppenheimer Main StreetPairCorr
  0.94GATCX Gabelli AssetPairCorr
  0.94AICGX Income GrowthPairCorr
  0.95TRLCX Tiaa Cref LargePairCorr
  0.95ACCAX Strategic Allocation:PairCorr
  0.97TIMIX Tiaa Cref ManagedPairCorr
  0.96RECIX Rbc Emerging MarketsPairCorr
  0.97BMSFX Mfs Blended ResearchPairCorr
  0.96FAWTX American Funds 2060PairCorr
  0.78RCPIX Rbc Funds TrustPairCorr
  0.9IPBCX Inflation ProtectedPairCorr
  0.94FIHBX Federated InstitutionalPairCorr
  0.88AIDAX Diversified MunicipalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
USBOX  0.58  0.01 (0.03) 0.24  0.24 
(0.68)
 1.76 
(0.98)
 4.30 
GEORX  0.89  0.43  0.19 (3.97) 0.38 
(1.18)
 2.62 
(1.25)
 5.65 
GEOSX  0.88  0.25  0.30  0.53  0.00 
(1.17)
 2.72 
(0.86)
 5.57 
USBNX  0.82 (0.06)(0.03) 0.18  0.74 
(0.96)
 2.38 
(1.40)
 5.37 
QBNAX  0.82 (0.05)(0.03) 0.18  0.74 
(0.96)
 2.37 
(1.37)
 5.37 
EEOFX  0.88  0.25  0.30  0.52  0.00 
(1.21)
 2.78 
(0.96)
 5.52 
QUSOX  0.44  0.21  0.06  1.12  0.00 
(0.60)
 1.40 
(0.65)
 2.85 
QUSIX  0.44  0.21  0.07  1.10  0.00 
(0.60)
 1.35 
(0.65)
 2.92 
QUSRX  0.44  0.21  0.06  1.12  0.00 
(0.60)
 1.30 
(0.62)
 2.83 
QFVIX  0.50  0.25  0.02 (10.30) 0.00 
(0.60)
 1.12 
(0.82)
 2.84 

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