Massmutual Retiresmart Correlations

MMKZX Fund

USD 10.64 0.00 0.00%

The current 90-days correlation between Massmutual Retiresmart and Tiaa Cref Lifestyle Moderate is 0.13 (i.e., Average diversification). The correlation of Massmutual Retiresmart 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 Retiresmart Correlation With Market

Significant diversification

The correlation between Massmutual Retiresmart 2045 and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Retiresmart 2045 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 Retiresmart 2045. 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 nation.

Moving together with MASSMUTUAL Mutual Fund

0.65	MLUAX	Massmutual Select Mid	Pair Corr
0.65	MLUFX	Massmutual Select Mid	Pair Corr
0.65	MLUNX	Massmutual Select Mid	Pair Corr
0.65	MLULX	Massmutual Select Mid	Pair Corr
0.65	MLUSX	Massmutual Select Mid	Pair Corr
0.65	MLUZX	Massmutual Select Mid	Pair Corr
0.65	MLUYX	Massmutual Select Mid	Pair Corr
0.76	MMARX	Massmutual Retiresmart	Pair Corr
0.86	MMELX	Massmutual Select Mid	Pair Corr
0.98	MMDFX	Massmutual Select	Pair Corr
0.68	MMDDX	Massmutual Select	Pair Corr
0.71	MMDJX	Massmutual Select	Pair Corr
0.98	MMDHX	Massmutual Select	Pair Corr
0.68	MMDGX	Massmutual Select	Pair Corr
0.66	MMDMX	Massmutual Select	Pair Corr
0.97	MMDKX	Massmutual Select	Pair Corr
0.65	MMDOX	Massmutual Select	Pair Corr
0.63	MMFZX	Massmutual Select	Pair Corr
0.96	MMFWX	Massmutual Select	Pair Corr
0.93	MMFRX	Massmutual Select	Pair Corr
0.7	MMFQX	Massmutual Select	Pair Corr
0.93	MMFPX	Massmutual Select	Pair Corr

Related Correlations Analysis

	TSMHX	HBAIX	TCTZX	VRRJX	TDIFX	BIMPX	MXDPX	WMBFX
TSMHX		0.89	0.97	0.98	0.84	0.98	0.97	0.94	TSMHX
HBAIX	0.89		0.9	0.88	0.78	0.89	0.89	0.79	HBAIX
TCTZX	0.97	0.9		0.98	0.95	0.97	0.99	0.93	TCTZX
VRRJX	0.98	0.88	0.98		0.9	0.97	0.98	0.94	VRRJX
TDIFX	0.84	0.78	0.95	0.9		0.81	0.93	0.85	TDIFX
BIMPX	0.98	0.89	0.97	0.97	0.81		0.96	0.92	BIMPX
MXDPX	0.97	0.89	0.99	0.98	0.93	0.96		0.93	MXDPX
WMBFX	0.94	0.79	0.93	0.94	0.85	0.92	0.93		WMBFX
	TSMHX	HBAIX	TCTZX	VRRJX	TDIFX	BIMPX	MXDPX	WMBFX

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Risk-Adjusted Indicators

There is a big difference between MASSMUTUAL Mutual Fund performing well and Massmutual Retiresmart 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 Retiresmart'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TSMHX	0.39	(0.01)	0.13	0.04	0.59	(0.36)	0.67	(0.73)	2.46
HBAIX	0.38	0.02	0.00	(0.04)	0.00	0.00	0.76	(0.90)	2.45
TCTZX	0.28	(0.02)	0.00	0.22	0.00	0.00	0.72	(0.60)	1.59
VRRJX	0.44	(0.04)	0.00	0.15	0.00	0.00	0.95	(1.09)	2.71
TDIFX	0.15	0.00	0.32	(0.04)	0.18	(0.19)	0.35	(0.34)	0.96
BIMPX	0.32	0.00	0.18	(0.07)	0.42	(0.37)	0.69	(0.62)	2.39
MXDPX	0.26	(0.03)	0.00	0.34	0.00	0.00	0.63	(0.62)	1.60
WMBFX	0.32	(0.04)	0.00	0.23	0.00	0.00	0.69	(0.68)	2.32

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Massmutual Retiresmart Correlations

Massmutual Retiresmart Correlation With Market

Significant diversification

Moving together with MASSMUTUAL Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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