Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMFRX Fund  USD 17.86  0.06  0.33%   
The current 90-days correlation between Massmutual Select and Massmutual Select Mid is 0.39 (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

Poor diversification

The correlation between Massmutual Select T and DJI is 0.77 (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 metropolitan statistical area.

Moving together with Massmutual Mutual Fund

  0.7MLUAX Massmutual Select MidPairCorr
  0.85MLUFX Massmutual Select MidPairCorr
  0.69MLUNX Massmutual Select MidPairCorr
  0.71MLULX Massmutual Select MidPairCorr
  0.85MLUSX Massmutual Select MidPairCorr
  0.68MLUZX Massmutual Select MidPairCorr
  0.85MLUYX Massmutual Select MidPairCorr
  0.87MMBRX Massmutual PremierPairCorr
  0.91MMBVX Massmutual SelectPairCorr
  0.88MMBUX Massmutual SelectPairCorr
  0.9MMBZX Massmutual SelectPairCorr
  0.91MMBYX Massmutual SelectPairCorr
  0.91MMBWX Massmutual SelectPairCorr
  0.99MMARX Massmutual RetiresmartPairCorr
  0.71MMBDX Massmutual PremierPairCorr
  0.73MMBLX Massmutual PremierPairCorr
  0.79MMELX Massmutual Select MidPairCorr
  1.0MMDFX Massmutual SelectPairCorr
  1.0MMDDX Massmutual SelectPairCorr
  1.0MMDJX Massmutual SelectPairCorr
  1.0MMDHX Massmutual SelectPairCorr
  1.0MMDGX Massmutual SelectPairCorr
  0.9MMDMX Massmutual SelectPairCorr
  1.0MMDKX Massmutual SelectPairCorr
  1.0MMDOX Massmutual SelectPairCorr
  1.0MMFZX Massmutual SelectPairCorr
  1.0MMFWX Massmutual SelectPairCorr
  0.87MMGEX Massmutual Select SmallPairCorr
  0.93MMFBX Massmutual SelectPairCorr
  0.91MMFEX Massmutual SelectPairCorr
  0.92MMFDX Massmutual SelectPairCorr
  0.95MMFJX Massmutual SelectPairCorr
  0.96MMFHX Massmutual SelectPairCorr

Moving against Massmutual Mutual Fund

  0.47MMANX Massmutual Select GrowthPairCorr
  0.48MMGFX Massmutual Select GrowthPairCorr
  0.51MMIAX Massmutual PremierPairCorr

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  0.67 (0.18) 0.00 (0.11) 0.00 
 0.00 
 1.10 
(0.85)
 3.27 
MLUFX  0.51  0.07 (0.01) 0.59  0.36 
(0.64)
 1.10 
(0.78)
 3.18 
MLUNX  0.67 (0.18) 0.00 (0.12) 0.00 
 0.00 
 1.05 
(0.84)
 3.27 
MLULX  0.66 (0.17) 0.00 (0.11) 0.00 
 0.00 
 1.08 
(0.83)
 3.19 
MLUSX  0.51  0.07 (0.01) 0.56  0.37 
(0.64)
 1.10 
(0.84)
 3.25 
MLUZX  0.69 (0.19) 0.00 (0.13) 0.00 
 0.00 
 1.12 
(0.85)
 3.23 
MLUYX  0.51  0.07 (0.02) 0.55  0.37 
(0.62)
 1.11 
(0.82)
 3.21 
MMBRX  0.32  0.03 (0.11) 0.39  0.31 
(0.38)
 0.75 
(0.64)
 2.00 
MMBVX  0.24 (0.01)(0.22) 0.06  0.23 
(0.27)
 0.48 
(0.47)
 1.36 
MMBUX  0.61  0.04  0.05  0.13  0.54 
(0.71)
 1.45 
(1.01)
 4.78 

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