Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select Focused
MMFVX Fund  USD 16.01  0.02  0.13%   
The current 90-days correlation between Massmutual Select Focused and Massmutual Select Mid is 0.07 (i.e., Significant 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 Focused and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select Focused 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 Focused. 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 real.

Moving together with Massmutual Mutual Fund

  0.89MLUAX Massmutual Select MidPairCorr
  0.93MLUFX Massmutual Select MidPairCorr
  0.89MLUNX Massmutual Select MidPairCorr
  0.89MLULX Massmutual Select MidPairCorr
  0.93MLUSX Massmutual Select MidPairCorr
  0.89MLUZX Massmutual Select MidPairCorr
  0.89MLUYX Massmutual Select MidPairCorr
  0.91MMBRX Massmutual PremierPairCorr
  0.73MMBVX Massmutual SelectPairCorr
  0.92MMBUX Massmutual SelectPairCorr
  0.72MMBZX Massmutual SelectPairCorr
  0.72MMBYX Massmutual SelectPairCorr
  0.81MMBWX Massmutual SelectPairCorr
  0.75MMARX Massmutual RetiresmartPairCorr
  0.92MMBEX Massmutual SelectPairCorr
  0.87MMBDX Massmutual PremierPairCorr
  0.87MMBLX Massmutual PremierPairCorr
  0.85MMELX Massmutual Select MidPairCorr
  0.83MMDFX Massmutual SelectPairCorr
  0.83MMDDX Massmutual SelectPairCorr
  0.81MMDJX Massmutual SelectPairCorr
  0.83MMDHX Massmutual SelectPairCorr
  0.83MMDGX Massmutual SelectPairCorr
  0.82MMDMX Massmutual SelectPairCorr
  0.74MMDKX Massmutual SelectPairCorr
  0.74MMDOX Massmutual SelectPairCorr
  0.81MMFZX Massmutual SelectPairCorr
  0.95MMFYX Massmutual Select FocusedPairCorr
  0.81MMFWX Massmutual SelectPairCorr
  0.67MMGEX Massmutual Select SmallPairCorr
  0.73MMFBX Massmutual SelectPairCorr
  0.96MMFFX Mm Sp 500PairCorr
  0.73MMFEX Massmutual SelectPairCorr
  0.71MMFDX Massmutual SelectPairCorr
  0.71MMFJX Massmutual SelectPairCorr
  0.71MMFHX 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  0.72 (0.18) 0.00 (0.64) 0.00 
 0.00 
 1.16 
(0.93)
 13.67 
MLUFX  0.72 (0.19) 0.00 (0.55) 0.00 
 0.00 
 1.10 
(0.95)
 14.17 
MLUNX  0.72 (0.18) 0.00 (0.65) 0.00 
 0.00 
 1.11 
(0.96)
 13.91 
MLULX  0.70 (0.17) 0.00 (0.61) 0.00 
 0.00 
 1.21 
(0.90)
 13.13 
MLUSX  0.73 (0.19) 0.00 (0.54) 0.00 
 0.00 
 1.23 
(0.92)
 14.03 
MLUZX  0.73 (0.19) 0.00 (0.66) 0.00 
 0.00 
 1.17 
(0.95)
 14.48 
MLUYX  0.73 (0.19) 0.00 (0.68) 0.00 
 0.00 
 1.17 
(0.94)
 14.18 
MMBRX  0.46 (0.10) 0.00 (0.74) 0.00 
 0.00 
 0.75 
(0.82)
 7.57 
MMBVX  0.33 (0.07) 0.00  1.90  0.00 
 0.00 
 0.48 
(0.54)
 6.32 
MMBUX  1.00 (0.29) 0.00 (0.51) 0.00 
 0.00 
 1.35 
(1.28)
 22.88 

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