Massmutual Select Correlations

Mutual Funds USA . 
Fund . Massmutual Select T
MMFKX Fund  USD 14.55  0.05  0.34%   
The current 90-days correlation between Massmutual Select and Massmutual Select Mid is 0.36 (i.e., Weak 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

Weak diversification

The correlation between Massmutual Select T and DJI is 0.35 (i.e., Weak 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 industry.

Moving together with Massmutual Mutual Fund

  0.71MLUAX Massmutual Select MidPairCorr
  0.71MLUFX Massmutual Select MidPairCorr
  0.71MLUNX Massmutual Select MidPairCorr
  0.71MLULX Massmutual Select MidPairCorr
  0.71MLUSX Massmutual Select MidPairCorr
  0.71MLUZX Massmutual Select MidPairCorr
  0.71MLUYX Massmutual Select MidPairCorr
  0.75MMBRX Massmutual PremierPairCorr
  1.0MMBVX Massmutual SelectPairCorr
  0.74MMBUX Massmutual SelectPairCorr
  1.0MMBZX Massmutual SelectPairCorr
  1.0MMBYX Massmutual SelectPairCorr
  1.0MMBWX Massmutual SelectPairCorr
  0.85MMCBX Massmutual PremierPairCorr
  0.8MMARX Massmutual RetiresmartPairCorr
  0.87MMBEX Massmutual SelectPairCorr
  0.75MMBDX Massmutual PremierPairCorr
  0.76MMBLX Massmutual PremierPairCorr
  0.75MMELX Massmutual Select MidPairCorr
  0.79MMDFX Massmutual SelectPairCorr
  0.79MMDDX Massmutual SelectPairCorr
  0.83MMDJX Massmutual SelectPairCorr
  0.79MMDHX Massmutual SelectPairCorr
  0.79MMDGX Massmutual SelectPairCorr
  0.83MMDMX Massmutual SelectPairCorr
  0.83MMDKX Massmutual SelectPairCorr
  0.82MMDOX Massmutual SelectPairCorr
  0.83MMFZX Massmutual SelectPairCorr
  0.62MMFYX Massmutual Select FocusedPairCorr
  0.83MMFWX Massmutual SelectPairCorr
  0.83MMGEX Massmutual Select SmallPairCorr
  1.0MMFBX Massmutual SelectPairCorr
  0.64MMFFX Mm Sp 500PairCorr
  1.0MMFEX Massmutual SelectPairCorr
  1.0MMFDX Massmutual SelectPairCorr
  1.0MMFJX Massmutual SelectPairCorr
  1.0MMFHX Massmutual SelectPairCorr
  1.0MMFGX Massmutual SelectPairCorr
  1.0MMFLX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MLUAX  0.77 (0.22) 0.00 (0.52) 0.00 
 0.00 
 1.17 
(1.45)
 13.02 
MLUFX  0.77 (0.22) 0.00 (0.54) 0.00 
 0.00 
 1.12 
(1.48)
 13.24 
MLUNX  0.78 (0.22) 0.00 (0.55) 0.00 
 0.00 
 1.12 
(1.49)
 13.17 
MLULX  0.76 (0.21) 0.00 (0.50) 0.00 
 0.00 
 1.22 
(1.49)
 12.68 
MLUSX  0.78 (0.22) 0.00 (0.52) 0.00 
 0.00 
 1.25 
(1.44)
 12.79 
MLUZX  0.78 (0.22) 0.00 (0.53) 0.00 
 0.00 
 1.19 
(1.47)
 13.09 
MLUYX  0.77 (0.22) 0.00 (0.54) 0.00 
 0.00 
 1.18 
(1.37)
 13.07 
MMBRX  0.47 (0.11) 0.00 (0.37) 0.00 
 0.00 
 0.80 
(1.09)
 6.58 
MMBVX  0.28 (0.02) 0.00 (0.12) 0.00 
 0.00 
 0.50 
(0.63)
 2.45 
MMBUX  1.05 (0.28) 0.00 (0.36) 0.00 
 0.00 
 1.37 
(1.40)
 22.86 

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