Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMFDX Fund  USD 13.69  0.02  0.15%   
The current 90-days correlation between Massmutual Select and Short Duration Inflation is 0.11 (i.e., Average diversification). The correlation of Massmutual Select 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 Select Correlation With Market

Significant diversification

The correlation between Massmutual Select T and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select T 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 Select T. 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 unemployment.

Moving together with Massmutual Mutual Fund

  0.67MMBRX Massmutual PremierPairCorr
  0.87MMBVX Massmutual SelectPairCorr
  0.87MMBZX Massmutual SelectPairCorr
  0.87MMBYX Massmutual SelectPairCorr
  0.87MMBWX Massmutual SelectPairCorr
  0.68MMBDX Massmutual PremierPairCorr
  0.69MMBLX Massmutual PremierPairCorr
  0.85MMDJX Massmutual SelectPairCorr
  0.69MMFYX Massmutual Select FocusedPairCorr
  0.86MMFWX Massmutual SelectPairCorr
  1.0MMFEX Massmutual SelectPairCorr
  0.87MMFJX Massmutual SelectPairCorr
  0.99MMFHX Massmutual SelectPairCorr
  0.87MMFGX Massmutual SelectPairCorr
  0.99MMFLX Massmutual SelectPairCorr
  0.87MMFKX Massmutual SelectPairCorr
  0.66MMIAX Massmutual PremierPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Massmutual Mutual Fund performing well and Massmutual Select 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 Select'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.

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