Massmutual Retiresmart Correlations

Mutual Funds USA . 
Fund . Massmutual Retiresmart 2050
MMARX Fund  USD 9.44  0.02  0.21%   
The correlation of Massmutual Retiresmart 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.

Massmutual Retiresmart Correlation With Market

Good diversification

The correlation between Massmutual Retiresmart 2050 and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Retiresmart 2050 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Massmutual Retiresmart 2050. 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 metropolitan statistical area.

Moving together with Massmutual Mutual Fund

  0.75MLUAX Massmutual Select MidPairCorr
  0.79MLUFX Massmutual Select MidPairCorr
  0.79MLUNX Massmutual Select MidPairCorr
  0.75MLULX Massmutual Select MidPairCorr
  0.79MLUSX Massmutual Select MidPairCorr
  0.75MLUZX Massmutual Select MidPairCorr
  0.75MLUYX Massmutual Select MidPairCorr
  0.93MMBRX Massmutual PremierPairCorr
  0.93MMBVX Massmutual SelectPairCorr
  0.81MMBUX Massmutual SelectPairCorr
  0.91MMBZX Massmutual SelectPairCorr
  0.92MMBYX Massmutual SelectPairCorr
  0.93MMBWX Massmutual SelectPairCorr
  0.85MMBDX Massmutual PremierPairCorr
  0.85MMBLX Massmutual PremierPairCorr
  0.8MMELX Massmutual Select MidPairCorr
  0.9MMDFX Massmutual SelectPairCorr
  0.9MMDDX Massmutual SelectPairCorr
  0.9MMDJX Massmutual SelectPairCorr
  0.9MMDHX Massmutual SelectPairCorr
  0.9MMDGX Massmutual SelectPairCorr
  0.9MMDMX Massmutual SelectPairCorr
  0.9MMDKX Massmutual SelectPairCorr
  0.91MMDOX Massmutual SelectPairCorr
  0.9MMFZX Massmutual SelectPairCorr
  0.9MMFWX Massmutual SelectPairCorr
  0.79MMGEX Massmutual Select SmallPairCorr
  0.94MMFBX Massmutual SelectPairCorr
  0.85MMFFX Mm Sp 500PairCorr
  0.93MMFEX Massmutual SelectPairCorr
  0.93MMFDX Massmutual SelectPairCorr

Moving against Massmutual Mutual Fund

  0.75MMANX Massmutual Select GrowthPairCorr
  0.74MMAAX Massmutual Select GrowthPairCorr
  0.46MMCBX Massmutual PremierPairCorr
  0.73MMAZX Massmutual Select GrowthPairCorr
  0.4MMBEX Massmutual SelectPairCorr
  0.74MMGFX Massmutual Select GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Massmutual Mutual Fund performing well and Massmutual Retiresmart 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 Massmutual Retiresmart'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
MLUAX  0.54 (0.02)(0.07) 0.08  0.48 
(0.65)
 1.10 
(0.85)
 3.27 
MLUFX  0.54  0.08 (0.03) 1.33  0.46 
(0.64)
 1.10 
(0.86)
 3.18 
MLUNX  0.54  0.08 (0.04) 1.30  0.45 
(0.63)
 1.05 
(0.87)
 3.27 
MLULX  0.53 (0.01)(0.06) 0.09  0.46 
(0.63)
 1.08 
(0.83)
 3.19 
MLUSX  0.54  0.08 (0.03) 1.21  0.46 
(0.64)
 1.10 
(0.92)
 3.25 
MLUZX  0.54 (0.01)(0.06) 0.09  0.46 
(0.64)
 1.12 
(0.93)
 3.23 
MLUYX  0.54 (0.01)(0.06) 0.09  0.48 
(0.63)
 1.11 
(0.85)
 3.21 
MMBRX  0.35  0.05 (0.10) 0.86  0.35 
(0.40)
 0.77 
(0.76)
 2.00 
MMBVX  0.25  0.00 (0.20) 0.00  0.27 
(0.27)
 0.48 
(0.55)
 1.36 
MMBUX  0.63  0.12  0.04  1.13  0.61 
(0.72)
 1.45 
(1.28)
 4.78 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY