Massmutual Select Correlations

Mutual Funds USA . 
Fund . Massmutual Select T
MMFEX Fund  USD 14.32  0.01  0.07%   
The current 90-days correlation between Massmutual Select and Massmutual Select Mid is 0.02 (i.e., Significant 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 income.

Moving together with Massmutual Mutual Fund

  0.69MLUAX Massmutual Select MidPairCorr
  0.73MLUFX Massmutual Select MidPairCorr
  0.73MLUNX Massmutual Select MidPairCorr
  0.69MLULX Massmutual Select MidPairCorr
  0.73MLUSX Massmutual Select MidPairCorr
  0.69MLUZX Massmutual Select MidPairCorr
  0.69MLUYX Massmutual Select MidPairCorr
  0.91MMBRX Massmutual PremierPairCorr
  1.0MMBVX Massmutual SelectPairCorr
  0.74MMBUX Massmutual SelectPairCorr
  1.0MMBZX Massmutual SelectPairCorr
  1.0MMBYX Massmutual SelectPairCorr
  1.0MMBWX Massmutual SelectPairCorr
  0.93MMARX Massmutual RetiresmartPairCorr
  0.83MMBDX Massmutual PremierPairCorr
  0.84MMBLX Massmutual PremierPairCorr
  0.73MMELX Massmutual Select MidPairCorr
  0.84MMDFX Massmutual SelectPairCorr
  0.84MMDDX Massmutual SelectPairCorr
  0.84MMDJX Massmutual SelectPairCorr
  0.84MMDHX Massmutual SelectPairCorr
  0.84MMDGX Massmutual SelectPairCorr
  0.84MMDMX Massmutual SelectPairCorr
  0.84MMDKX Massmutual SelectPairCorr
  0.84MMDOX Massmutual SelectPairCorr
  0.85MMFZX Massmutual SelectPairCorr
  0.71MMFYX Massmutual Select FocusedPairCorr
  0.85MMFWX Massmutual SelectPairCorr
  0.72MMGEX Massmutual Select SmallPairCorr
  1.0MMFBX Massmutual SelectPairCorr
  0.73MMFFX Mm Sp 500PairCorr
  1.0MMFDX Massmutual SelectPairCorr

Moving against Massmutual Mutual Fund

  0.53MMAAX Massmutual Select GrowthPairCorr
  0.53MMANX Massmutual Select GrowthPairCorr
  0.52MMAZX Massmutual Select GrowthPairCorr
  0.53MMGFX 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 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.
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 

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