Massmutual Premier Correlations

MPDIX Fund  USD 10.35  0.28  2.63%   
The current 90-days correlation between Massmutual Premier and Ambrus Core Bond is -0.01 (i.e., Good 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

Average diversification

The correlation between Massmutual Premier Disciplined and DJI is 0.16 (i.e., Average 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

  0.73FAFGX American FundsPairCorr
  0.73FFAFX American FundsPairCorr
  0.74GFACX Growth FundPairCorr
  0.73CGFFX Growth FundPairCorr
  0.74CGFCX Growth FundPairCorr
  0.73CGFAX Growth FundPairCorr
  0.73RGAEX Growth FundPairCorr

Moving against Massmutual Mutual Fund

  0.47GAAKX Gmo Alternative AlloPairCorr
  0.36JNJ Johnson JohnsonPairCorr

Related Correlations Analysis

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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.