Massmutual Premier Correlations

MPSDX Fund

USD 9.21 0.01 0.11%

The current 90-days correlation between Massmutual Premier and Massmutual Select Total is 0.72 (i.e., Poor 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

Significant diversification

The correlation between Massmutual Premier Short Durat and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier Short Durat 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 Short Duration. 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 unemployment.

Moving against Massmutual Mutual Fund

0.39	MMFYX	Massmutual Select Focused	Pair Corr
0.36	MMFFX	Mm Sp 500	Pair Corr
0.55	MMIAX	Massmutual Premier	Pair Corr
0.46	MMIUX	Massmutual Select	Pair Corr
0.39	MMFVX	Massmutual Select Focused	Pair Corr
0.37	MMINX	Mm Sp 500	Pair Corr
0.35	MMIEX	Mm Sp 500	Pair Corr

Related Correlations Analysis

	MSPZX	MSPHX	MSPGX	MSPLX	MSPNX	MSPSX	MBBRX	MBCGX	MBCLX
MSPZX		0.99	0.99	0.91	0.91	1.0	0.69	-0.43	-0.48	MSPZX
MSPHX	0.99		0.99	0.91	0.91	0.99	0.63	-0.36	-0.4	MSPHX
MSPGX	0.99	0.99		0.92	0.92	1.0	0.62	-0.45	-0.49	MSPGX
MSPLX	0.91	0.91	0.92		1.0	0.91	0.52	-0.46	-0.47	MSPLX
MSPNX	0.91	0.91	0.92	1.0		0.91	0.51	-0.48	-0.5	MSPNX
MSPSX	1.0	0.99	1.0	0.91	0.91		0.67	-0.43	-0.47	MSPSX
MBBRX	0.69	0.63	0.62	0.52	0.51	0.67		-0.06	-0.13	MBBRX
MBCGX	-0.43	-0.36	-0.45	-0.46	-0.48	-0.43	-0.06		0.95	MBCGX
MBCLX	-0.48	-0.4	-0.49	-0.47	-0.5	-0.47	-0.13	0.95		MBCLX
	MSPZX	MSPHX	MSPGX	MSPLX	MSPNX	MSPSX	MBBRX	MBCGX	MBCLX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MSPSX	+ 1.0	MSPZX
MSPSX	+ 1.0	MSPGX
MSPNX	+ 1.0	MSPLX
MSPHX	+ 0.99	MSPZX
MSPGX	+ 0.99	MSPZX
MSPGX	+ 0.99	MSPHX

High negative correlations

MBCLX	- 0.5	MSPNX
MBCLX	- 0.49	MSPGX
MBCGX	- 0.48	MSPNX
MBCLX	- 0.48	MSPZX
MBCLX	- 0.47	MSPSX
MBCLX	- 0.47	MSPLX

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
MSPZX	0.28	(0.09)	0.00	(1.60)	0.00	0.00	0.48	(0.83)	1.80
MSPHX	0.28	(0.08)	0.00	(1.43)	0.00	0.00	0.48	(0.83)	1.80
MSPGX	0.27	(0.09)	0.00	(1.77)	0.00	0.00	0.48	(0.71)	1.67
MSPLX	0.26	(0.08)	0.00	2.54	0.00	0.00	0.48	(0.72)	1.80
MSPNX	0.27	(0.08)	0.00	2.83	0.00	0.00	0.48	(0.81)	1.68
MSPSX	0.28	(0.09)	0.00	(1.79)	0.00	0.00	0.48	(0.82)	1.69
MBBRX	0.47	(0.12)	0.00	(0.88)	0.00	0.00	0.74	(0.81)	7.74
MBCGX	0.78	0.11	0.08	1.21	1.04	(0.79)	1.52	(1.95)	6.18
MBCLX	0.77	0.07	0.05	1.04	1.10	(0.77)	1.56	(1.95)	6.12

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