Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
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.
  
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 inflation.

Moving together with Massmutual Mutual Fund

  0.63MMBRX Massmutual PremierPairCorr
  0.99MMBVX Massmutual SelectPairCorr
  0.99MMBZX Massmutual SelectPairCorr
  0.99MMBYX Massmutual SelectPairCorr
  0.99MMBWX Massmutual SelectPairCorr
  0.64MMBDX Massmutual PremierPairCorr
  0.65MMBLX Massmutual PremierPairCorr
  0.61MMDFX Massmutual SelectPairCorr
  0.61MMDDX Massmutual SelectPairCorr
  0.68MMDJX Massmutual SelectPairCorr
  0.61MMDGX Massmutual SelectPairCorr
  0.68MMDMX Massmutual SelectPairCorr
  0.69MMDKX Massmutual SelectPairCorr
  0.67MMDOX Massmutual SelectPairCorr
  0.69MMFZX Massmutual SelectPairCorr
  0.7MMFWX Massmutual SelectPairCorr
  0.99MMFBX Massmutual SelectPairCorr
  1.0MMFEX Massmutual SelectPairCorr
  1.0MMFDX Massmutual SelectPairCorr
  1.0MMFHX Massmutual SelectPairCorr
  1.0MMFGX Massmutual SelectPairCorr
  1.0MMFLX Massmutual SelectPairCorr
  1.0MMFKX Massmutual SelectPairCorr

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.

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