Massmutual Retiresmart Correlations

Mutual Funds . USA . 
Fund . Massmutual Retiresmart 2025
MMNTX Fund  USD 10.86  0.03  0.28%   
The current 90-days correlation between Massmutual Retiresmart and Massmutual Select Mid is 0.31 (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

Poor diversification

The correlation between Massmutual Retiresmart 2025 and DJI is 0.63 (i.e., Poor 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 estimate.

Moving together with Massmutual Mutual Fund

  0.63MLUAX Massmutual Select MidPairCorr
  0.67MLUFX Massmutual Select MidPairCorr
  0.63MLUNX Massmutual Select MidPairCorr
  0.63MLULX Massmutual Select MidPairCorr
  0.67MLUSX Massmutual Select MidPairCorr
  0.63MLUZX Massmutual Select MidPairCorr
  0.63MLUYX Massmutual Select MidPairCorr
  0.67MMBRX Massmutual PremierPairCorr
  0.98MMBVX Massmutual SelectPairCorr
  0.67MMBUX Massmutual SelectPairCorr
  0.98MMBZX Massmutual SelectPairCorr
  0.98MMBYX Massmutual SelectPairCorr
  0.98MMBWX Massmutual SelectPairCorr
  0.94MMARX Massmutual RetiresmartPairCorr
  0.67MMBEX Massmutual SelectPairCorr
  0.67MMBDX Massmutual PremierPairCorr
  0.68MMBLX Massmutual PremierPairCorr
  0.65MMELX Massmutual Select MidPairCorr
  0.92MMDFX Massmutual SelectPairCorr
  0.92MMDDX Massmutual SelectPairCorr
  0.92MMDJX Massmutual SelectPairCorr
  0.92MMDHX Massmutual SelectPairCorr
  0.92MMDGX Massmutual SelectPairCorr
  0.92MMDMX Massmutual SelectPairCorr
  0.92MMDOX Massmutual SelectPairCorr
  0.92MMFZX Massmutual SelectPairCorr
  0.61MMFYX Massmutual Select FocusedPairCorr
  0.92MMFWX Massmutual SelectPairCorr
  0.98MMFBX Massmutual SelectPairCorr
  0.98MMFEX Massmutual SelectPairCorr
  0.97MMFDX Massmutual SelectPairCorr
  0.97MMFJX Massmutual SelectPairCorr
  0.96MMFHX 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 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  0.71 (0.22) 0.00 (0.22) 0.00 
 0.00 
 0.96 
(0.93)
 13.67 
MLUFX  0.71 (0.21) 0.00 (0.77) 0.00 
 0.00 
 0.98 
(0.95)
 14.17 
MLUNX  0.71 (0.22) 0.00 (0.23) 0.00 
 0.00 
 0.99 
(0.96)
 13.91 
MLULX  0.69 (0.21) 0.00 (0.22) 0.00 
 0.00 
 0.98 
(0.90)
 13.13 
MLUSX  0.72 (0.20) 0.00 (0.75) 0.00 
 0.00 
 0.96 
(0.92)
 14.03 
MLUZX  0.72 (0.23) 0.00 (0.23) 0.00 
 0.00 
 0.97 
(0.95)
 14.48 
MLUYX  0.72 (0.22) 0.00 (0.23) 0.00 
 0.00 
 0.97 
(0.94)
 14.18 
MMBRX  0.45 (0.11) 0.00 (0.79) 0.00 
 0.00 
 0.75 
(0.82)
 7.57 
MMBVX  0.33 (0.09) 0.00 (0.14) 0.00 
 0.00 
 0.48 
(0.54)
 6.32 
MMBUX  1.00 (0.31) 0.00 (0.23) 0.00 
 0.00 
 1.45 
(1.28)
 22.88 

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