Massmutual Premier Correlations

MPSAX Fund

USD 9.27 0.02 0.22%

The current 90-days correlation between Massmutual Premier and Forum Real Estate is -0.08 (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 Inflation P and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier Inflation P 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 Inflation Protected. 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 nation.

Moving together with Massmutual Mutual Fund

0.69	MMFBX	Massmutual Select	Pair Corr
0.68	MMFEX	Massmutual Select	Pair Corr
0.68	MMFDX	Massmutual Select	Pair Corr
0.92	MMIAX	Massmutual Premier	Pair Corr
0.9	MMIUX	Massmutual Select	Pair Corr
1.0	MMODX	Mmodx	Pair Corr
0.76	MMSDX	Massmutual Retiresmart	Pair Corr

Moving against Massmutual Mutual Fund

0.63	MMGEX	Massmutual Select Small	Pair Corr
0.4	MMBUX	Massmutual Select	Pair Corr
0.38	MMFFX	Mm Sp 500	Pair Corr
0.66	MMNYX	Massmutual Disciplined	Pair Corr
0.6	MMNLX	Massmutual Small	Pair Corr
0.6	MMVYX	Massmutual Select Small	Pair Corr
0.54	MMQAX	Massmutual Select Small	Pair Corr
0.52	MMQFX	Massmutual Select Small	Pair Corr
0.51	MMQIX	Massmutual Select Small	Pair Corr
0.67	MPDRX	Massmutual Premier	Pair Corr
0.66	MPGLX	Massmutual Premier	Pair Corr

Related Correlations Analysis

	FORFX	FREEX	REPIX	CREMX	FIKMX	VGSIX
FORFX		0.04	0.6	0.99	0.9	0.59	FORFX
FREEX	0.04		0.63	0.01	0.38	0.64	FREEX
REPIX	0.6	0.63		0.54	0.83	1.0	REPIX
CREMX	0.99	0.01	0.54		0.88	0.54	CREMX
FIKMX	0.9	0.38	0.83	0.88		0.83	FIKMX
VGSIX	0.59	0.64	1.0	0.54	0.83		VGSIX
	FORFX	FREEX	REPIX	CREMX	FIKMX	VGSIX

Click cells to compare fundamentals

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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
FORFX	0.05	0.02	0.00	(5.40)	0.00	0.00	0.11	0.00	0.32
FREEX	0.99	(0.13)	0.00	(0.30)	0.00	0.00	1.62	(2.46)	7.05
REPIX	1.39	0.00	0.00	(0.07)	0.00	0.00	2.69	(2.92)	7.54
CREMX	0.02	0.02	0.00	14.01	0.00	0.00	0.08	0.00	0.08
FIKMX	0.26	0.03	0.20	0.08	0.30	(0.30)	0.59	(0.49)	1.36
VGSIX	0.92	0.00	0.00	(0.07)	0.00	0.00	1.73	(1.97)	4.57

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