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

0.73	FAFGX	American Funds	Pair Corr
0.73	FFAFX	American Funds	Pair Corr
0.74	GFACX	Growth Fund	Pair Corr
0.73	CGFFX	Growth Fund	Pair Corr
0.74	CGFCX	Growth Fund	Pair Corr
0.73	CGFAX	Growth Fund	Pair Corr
0.73	RGAEX	Growth Fund	Pair Corr

Moving against Massmutual Mutual Fund

0.47	GAAKX	Gmo Alternative Allo	Pair Corr
0.36	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	TTRBX	ELBIX	NUSAX	URIBX	PRVBX	BXHCX	OWFIX
TTRBX		0.86	0.52	0.97	0.88	0.83	0.97	TTRBX
ELBIX	0.86		0.6	0.8	0.83	0.84	0.82	ELBIX
NUSAX	0.52	0.6		0.35	0.74	0.68	0.46	NUSAX
URIBX	0.97	0.8	0.35		0.82	0.74	0.98	URIBX
PRVBX	0.88	0.83	0.74	0.82		0.88	0.87	PRVBX
BXHCX	0.83	0.84	0.68	0.74	0.88		0.75	BXHCX
OWFIX	0.97	0.82	0.46	0.98	0.87	0.75		OWFIX
	TTRBX	ELBIX	NUSAX	URIBX	PRVBX	BXHCX	OWFIX

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 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
TTRBX	0.15	0.01	0.49	0.46	0.08	(0.20)	0.41	(0.30)	0.91
ELBIX	0.33	0.04	0.29	0.31	0.27	(0.41)	0.64	(0.48)	1.73
NUSAX	0.03	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.19
URIBX	0.25	0.02	0.33	0.20	0.21	(0.32)	0.56	(0.44)	1.45
PRVBX	0.11	0.01	0.86	(0.56)	0.00	(0.13)	0.25	(0.17)	0.58
BXHCX	0.13	0.01	0.45	(0.44)	0.00	(0.20)	0.49	(0.25)	1.12
OWFIX	0.17	0.01	0.42	0.22	0.11	(0.23)	0.40	(0.30)	1.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC