Massmutual Select Correlations

Mutual Funds USA . 
Fund . Massmutual Select T
MMFQX Fund  USD 15.69  0.09  0.58%   
The current 90-days correlation between Massmutual Select and Massmutual Select Mid is 0.18 (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

Average diversification

The correlation between Massmutual Select T and DJI is 0.17 (i.e., Average 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 producer price index.

Moving together with Massmutual Mutual Fund

  0.94MLUAX Massmutual Select MidPairCorr
  0.92MLUFX Massmutual Select MidPairCorr
  0.92MLUNX Massmutual Select MidPairCorr
  0.94MLULX Massmutual Select MidPairCorr
  0.94MLUSX Massmutual Select MidPairCorr
  0.94MLUZX Massmutual Select MidPairCorr
  0.92MLUYX Massmutual Select MidPairCorr
  0.91MMBRX Massmutual PremierPairCorr
  0.72MMBVX Massmutual SelectPairCorr
  0.94MMBUX Massmutual SelectPairCorr
  0.79MMBZX Massmutual SelectPairCorr
  0.74MMBYX Massmutual SelectPairCorr
  0.72MMBWX Massmutual SelectPairCorr
  0.74MMCBX Massmutual PremierPairCorr
  1.0MMARX Massmutual RetiresmartPairCorr
  0.71MMBEX Massmutual SelectPairCorr
  0.91MMBDX Massmutual PremierPairCorr
  0.92MMBLX Massmutual PremierPairCorr
  0.92MMELX Massmutual Select MidPairCorr
  1.0MMDFX Massmutual SelectPairCorr
  1.0MMDDX Massmutual SelectPairCorr
  1.0MMDJX Massmutual SelectPairCorr
  1.0MMDHX Massmutual SelectPairCorr
  0.96MMDGX Massmutual SelectPairCorr
  0.95MMDMX Massmutual SelectPairCorr
  0.95MMDKX Massmutual SelectPairCorr
  1.0MMDOX Massmutual SelectPairCorr
  1.0MMFZX Massmutual SelectPairCorr
  0.9MMFYX Massmutual Select FocusedPairCorr
  0.95MMFWX Massmutual SelectPairCorr
  0.91MMGEX Massmutual Select SmallPairCorr
  0.77MMFBX Massmutual SelectPairCorr
  0.9MMFFX Mm Sp 500PairCorr
  0.79MMFEX Massmutual SelectPairCorr
  0.71MMFDX Massmutual SelectPairCorr
  0.78MMFJX Massmutual SelectPairCorr
  0.77MMFHX Massmutual SelectPairCorr
  0.78MMFGX Massmutual SelectPairCorr
  0.8MMFLX Massmutual SelectPairCorr
  0.79MMFKX Massmutual SelectPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MLUAX  0.78 (0.21) 0.00 (0.44) 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  0.77 (0.20) 0.00 (0.44) 0.00 
 0.00 
 1.22 
(1.49)
 12.68 
MLUSX  0.78 (0.21) 0.00 (0.44) 0.00 
 0.00 
 1.25 
(1.44)
 12.79 
MLUZX  0.78 (0.21) 0.00 (0.44) 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 (0.30) 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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