Massmutual Retiresmart Correlations

Mutual Funds USA . 
Fund . Massmutual Retiresmart 2025
MMNRX Fund  USD 10.54  0.04  0.38%   
The current 90-days correlation between Massmutual Retiresmart and Massmutual Select Mid is 0.32 (i.e., Weak 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 2025 and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Retiresmart 2025 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 2025. 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

  0.8MLUAX Massmutual Select MidPairCorr
  0.8MLUFX Massmutual Select MidPairCorr
  0.8MLUNX Massmutual Select MidPairCorr
  0.8MLULX Massmutual Select MidPairCorr
  0.8MLUSX Massmutual Select MidPairCorr
  0.8MLUZX Massmutual Select MidPairCorr
  0.8MLUYX Massmutual Select MidPairCorr
  0.81MMBRX Massmutual PremierPairCorr
  0.99MMBVX Massmutual SelectPairCorr
  0.83MMBUX Massmutual SelectPairCorr
  0.99MMBZX Massmutual SelectPairCorr
  0.99MMBYX Massmutual SelectPairCorr
  0.99MMBWX Massmutual SelectPairCorr
  0.67MMCBX Massmutual PremierPairCorr
  0.97MMARX Massmutual RetiresmartPairCorr
  0.84MMBEX Massmutual SelectPairCorr
  0.81MMBDX Massmutual PremierPairCorr
  0.81MMBLX Massmutual PremierPairCorr
  0.8MMELX Massmutual Select MidPairCorr
  0.96MMDFX Massmutual SelectPairCorr
  0.96MMDDX Massmutual SelectPairCorr
  0.96MMDJX Massmutual SelectPairCorr
  0.96MMDHX Massmutual SelectPairCorr
  0.96MMDGX Massmutual SelectPairCorr
  0.96MMDMX Massmutual SelectPairCorr
  0.96MMDKX Massmutual SelectPairCorr
  0.97MMDOX Massmutual SelectPairCorr
  0.97MMFZX Massmutual SelectPairCorr
  0.8MMFYX Massmutual Select FocusedPairCorr
  0.97MMFWX Massmutual SelectPairCorr
  0.71MMGEX Massmutual Select SmallPairCorr
  0.99MMFBX Massmutual SelectPairCorr
  0.78MMFFX Mm Sp 500PairCorr
  0.99MMFEX Massmutual SelectPairCorr
  0.99MMFDX Massmutual SelectPairCorr
  0.98MMFJX Massmutual SelectPairCorr
  0.98MMFHX 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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MLUAX  0.72 (0.17) 0.00 (0.60) 0.00 
 0.00 
 1.16 
(0.93)
 13.67 
MLUFX  0.72 (0.18) 0.00 (0.62) 0.00 
 0.00 
 1.10 
(0.95)
 14.17 
MLUNX  0.71 (0.18) 0.00 (0.61) 0.00 
 0.00 
 1.11 
(0.96)
 13.91 
MLULX  0.70 (0.16) 0.00 (0.57) 0.00 
 0.00 
 1.21 
(0.90)
 13.13 
MLUSX  0.73 (0.18) 0.00 (0.61) 0.00 
 0.00 
 1.23 
(0.92)
 14.03 
MLUZX  0.73 (0.18) 0.00 (0.62) 0.00 
 0.00 
 1.17 
(0.95)
 14.48 
MLUYX  0.73 (0.18) 0.00 (0.63) 0.00 
 0.00 
 1.17 
(0.94)
 14.18 
MMBRX  0.46 (0.10) 0.00 (0.63) 0.00 
 0.00 
 0.75 
(0.82)
 7.57 
MMBVX  0.33 (0.08) 0.00 (1.48) 0.00 
 0.00 
 0.47 
(0.54)
 6.32 
MMBUX  1.00 (0.28) 0.00 (0.49) 0.00 
 0.00 
 1.35 
(1.28)
 22.88 

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