Massmutual Premier Correlations

MPDIX Fund

USD 10.22 0.24 2.29%

The current 90-days correlation between Massmutual Premier and Massmutual Premier Diversified is 0.09 (i.e., Significant diversification). The correlation of Massmutual Premier 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 Premier Correlation With Market

Poor diversification

The correlation between Massmutual Premier Disciplined and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier Disciplined 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 Premier Disciplined. 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 gross domestic product.

Moving together with MASSMUTUAL Mutual Fund

0.7	MMBRX	Massmutual Premier	Pair Corr
0.96	MMBUX	Massmutual Select	Pair Corr
0.69	MMBDX	Massmutual Premier	Pair Corr
0.68	MMBLX	Massmutual Premier	Pair Corr
0.96	MMELX	Massmutual Select Mid	Pair Corr
0.96	MMGEX	Massmutual Select Small	Pair Corr
0.94	MMFFX	Mm Sp 500	Pair Corr

Moving against MASSMUTUAL Mutual Fund

0.72	MMCBX	Massmutual Premier	Pair Corr
0.71	MMBEX	Massmutual Select	Pair Corr
0.68	MMIAX	Massmutual Premier	Pair Corr

Related Correlations Analysis

	MDBLX	CDEYX	DLTZX	JDJRX	QDARX	CDBCX
MDBLX		0.16	0.96	0.28	0.91	0.99	MDBLX
CDEYX	0.16		0.14	0.79	0.11	0.17	CDEYX
DLTZX	0.96	0.14		0.3	0.96	0.95	DLTZX
JDJRX	0.28	0.79	0.3		0.3	0.25	JDJRX
QDARX	0.91	0.11	0.96	0.3		0.88	QDARX
CDBCX	0.99	0.17	0.95	0.25	0.88		CDBCX
	MDBLX	CDEYX	DLTZX	JDJRX	QDARX	CDBCX

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Risk-Adjusted Indicators

There is a big difference between MASSMUTUAL Mutual Fund performing well and Massmutual Premier 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 Premier'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
MDBLX	0.23	0.01	0.04	0.26	0.18	(0.30)	0.50	(0.38)	1.38
CDEYX	0.65	(0.01)	(0.01)	0.06	0.87	(0.67)	1.35	(1.25)	3.46
DLTZX	0.08	0.01	0.04	0.97	0.00	(0.18)	0.26	(0.13)	0.64
JDJRX	0.33	0.00	0.00	0.21	0.39	(0.40)	0.66	(0.75)	2.62
QDARX	0.08	0.03	0.26	1.92	0.00	(0.13)	0.25	(0.08)	0.49
CDBCX	0.24	0.01	0.01	0.20	0.24	(0.29)	0.56	(0.44)	1.34

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