Mmzgx Correlations

Mutual Funds . USA . 
Fund . Mmzgx
MMZGX Fund   12.01  1.04  9.48%   
The current 90-days correlation between Mmzgx and Massmutual Select Mid is 0.25 (i.e., Modest diversification). The correlation of Mmzgx 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.

Mmzgx Correlation With Market

Good diversification

The correlation between Mmzgx and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mmzgx 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 Mmzgx. 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 price.

Moving together with Mmzgx Mutual Fund

  0.72MLUAX Massmutual Select MidPairCorr
  0.72MLUFX Massmutual Select MidPairCorr
  0.72MLUNX Massmutual Select MidPairCorr
  0.72MLULX Massmutual Select MidPairCorr
  0.72MLUSX Massmutual Select MidPairCorr
  0.72MLUZX Massmutual Select MidPairCorr
  0.72MLUYX Massmutual Select MidPairCorr
  0.7MMBRX Massmutual PremierPairCorr
  0.84MMBVX Massmutual SelectPairCorr
  0.73MMBUX Massmutual SelectPairCorr
  0.84MMBZX Massmutual SelectPairCorr
  0.84MMBYX Massmutual SelectPairCorr
  0.84MMBWX Massmutual SelectPairCorr
  0.85MMARX Massmutual RetiresmartPairCorr
  0.68MMBEX Massmutual SelectPairCorr
  0.7MMBDX Massmutual PremierPairCorr
  0.7MMBLX Massmutual PremierPairCorr
  0.73MMELX Massmutual Select MidPairCorr
  0.85MMDFX Massmutual SelectPairCorr
  0.85MMDDX Massmutual SelectPairCorr
  0.85MMDJX Massmutual SelectPairCorr
  0.85MMDHX Massmutual SelectPairCorr
  0.85MMDGX Massmutual SelectPairCorr
  0.85MMDMX Massmutual SelectPairCorr
  0.85MMDKX Massmutual SelectPairCorr
  0.85MMDOX Massmutual SelectPairCorr
  0.85MMFZX Massmutual SelectPairCorr
  0.7MMFYX Massmutual Select FocusedPairCorr
  0.85MMFWX Massmutual SelectPairCorr
  0.67MMGEX Massmutual Select SmallPairCorr
  0.85MMFBX Massmutual SelectPairCorr
  0.7MMFFX Mm Sp 500PairCorr
  0.84MMFEX Massmutual SelectPairCorr
  0.84MMFDX Massmutual SelectPairCorr
  0.84MMFJX Massmutual SelectPairCorr
  0.84MMFHX Massmutual SelectPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mmzgx Mutual Fund performing well and Mmzgx 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 Mmzgx'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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