Massmutual Select Correlations
MMFJX Fund | USD 14.45 0.13 0.91% |
The current 90-days correlation between Massmutual Select and American Funds Retirement is 0.95 (i.e., Almost no 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
Poor diversification
The correlation between Massmutual Select T and DJI is 0.7 (i.e., Poor 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.
Massmutual |
Moving together with Massmutual Mutual Fund
0.63 | MMBRX | Massmutual Premier | PairCorr |
0.99 | MMBVX | Massmutual Select | PairCorr |
0.99 | MMBZX | Massmutual Select | PairCorr |
0.99 | MMBYX | Massmutual Select | PairCorr |
0.99 | MMBWX | Massmutual Select | PairCorr |
0.64 | MMBDX | Massmutual Premier | PairCorr |
0.65 | MMBLX | Massmutual Premier | PairCorr |
0.61 | MMDFX | Massmutual Select | PairCorr |
0.61 | MMDDX | Massmutual Select | PairCorr |
0.68 | MMDJX | Massmutual Select | PairCorr |
0.61 | MMDGX | Massmutual Select | PairCorr |
0.68 | MMDMX | Massmutual Select | PairCorr |
0.69 | MMDKX | Massmutual Select | PairCorr |
0.67 | MMDOX | Massmutual Select | PairCorr |
0.69 | MMFZX | Massmutual Select | PairCorr |
0.7 | MMFWX | Massmutual Select | PairCorr |
0.99 | MMFBX | Massmutual Select | PairCorr |
1.0 | MMFEX | Massmutual Select | PairCorr |
1.0 | MMFDX | Massmutual Select | PairCorr |
1.0 | MMFHX | Massmutual Select | PairCorr |
1.0 | MMFGX | Massmutual Select | PairCorr |
1.0 | MMFLX | Massmutual Select | PairCorr |
1.0 | MMFKX | Massmutual Select | PairCorr |
Related Correlations Analysis
0.75 | 0.9 | 0.98 | 0.67 | 0.49 | 0.96 | RRPPX | ||
0.75 | 0.94 | 0.8 | 0.91 | 0.87 | 0.88 | EXBAX | ||
0.9 | 0.94 | 0.91 | 0.91 | 0.78 | 0.96 | JRTFX | ||
0.98 | 0.8 | 0.91 | 0.68 | 0.56 | 0.98 | TDIFX | ||
0.67 | 0.91 | 0.91 | 0.68 | 0.89 | 0.8 | URFRX | ||
0.49 | 0.87 | 0.78 | 0.56 | 0.89 | 0.69 | USCRX | ||
0.96 | 0.88 | 0.96 | 0.98 | 0.8 | 0.69 | JLAEX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
RRPPX | 0.35 | 0.03 | 0.19 | (0.02) | 0.48 | 0.63 | 2.13 | |||
EXBAX | 0.37 | (0.05) | 0.00 | (0.27) | 0.00 | 0.57 | 2.65 | |||
JRTFX | 0.37 | 0.00 | 0.00 | (0.10) | 0.00 | 0.70 | 2.01 | |||
TDIFX | 0.16 | 0.00 | 0.00 | (0.08) | 0.00 | 0.35 | 0.96 | |||
URFRX | 0.52 | (0.01) | 0.00 | (0.13) | 0.00 | 0.91 | 4.24 | |||
USCRX | 0.51 | (0.05) | 0.00 | (0.21) | 0.00 | 0.90 | 4.82 | |||
JLAEX | 0.24 | 0.00 | 0.00 | (0.10) | 0.00 | 0.52 | 1.32 |