Massmutual Retiresmart Correlations

Mutual Funds . USA . 
Fund . Massmutual Retiresmart Moderate
MRMYX Fund  USD 8.84  0.03  0.34%   
The current 90-days correlation between Massmutual Retiresmart and Massmutual Select Mid is 0.15 (i.e., Average diversification). The correlation of Massmutual Retiresmart 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 Retiresmart Correlation With Market

Average diversification

The correlation between Massmutual Retiresmart Moderat and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Retiresmart Moderat 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 Retiresmart Moderate. 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 manufacturing.

Moving together with MASSMUTUAL Mutual Fund

  0.9MLUAX Massmutual Select MidPairCorr
  0.86MLUFX Massmutual Select MidPairCorr
  0.86MLUNX Massmutual Select MidPairCorr
  0.86MLULX Massmutual Select MidPairCorr
  0.86MLUSX Massmutual Select MidPairCorr
  0.86MLUZX Massmutual Select MidPairCorr
  0.86MLUYX Massmutual Select MidPairCorr
  0.86MMBRX Massmutual PremierPairCorr
  0.99MMBVX Massmutual SelectPairCorr
  0.89MMBUX Massmutual SelectPairCorr
  0.99MMBZX Massmutual SelectPairCorr
  1.0MMBYX Massmutual SelectPairCorr
  0.85MMBWX Massmutual SelectPairCorr
  0.64MMCBX Massmutual PremierPairCorr
  0.85MMARX Massmutual RetiresmartPairCorr
  0.9MMBEX Massmutual SelectPairCorr
  0.86MMBDX Massmutual PremierPairCorr
  0.88MMBLX Massmutual PremierPairCorr
  0.87MMELX Massmutual Select MidPairCorr
  0.92MMDFX Massmutual SelectPairCorr
  0.92MMDDX Massmutual SelectPairCorr
  0.92MMDJX Massmutual SelectPairCorr
  0.98MMDHX Massmutual SelectPairCorr
  0.98MMDGX Massmutual SelectPairCorr
  0.98MMDMX Massmutual SelectPairCorr
  0.92MMDOX Massmutual SelectPairCorr
  0.89MMFYX Massmutual Select FocusedPairCorr
  0.99MMFWX Massmutual SelectPairCorr
  0.81MMGEX Massmutual Select SmallPairCorr
  0.85MMFBX Massmutual SelectPairCorr
  0.84MMFFX Mm Sp 500PairCorr
  0.93MMFEX Massmutual SelectPairCorr
  0.85MMFDX Massmutual SelectPairCorr
  0.93MMFJX Massmutual SelectPairCorr
  0.85MMFHX Massmutual SelectPairCorr
  0.98MMFGX Massmutual SelectPairCorr
  0.85MMFLX Massmutual SelectPairCorr
  0.99MMFKX Massmutual SelectPairCorr
  0.98MMFPX Massmutual SelectPairCorr
  0.85MMFOX Massmutual SelectPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between MASSMUTUAL Mutual Fund performing well and Massmutual Retiresmart 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 Retiresmart'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MLUAX  0.70 (0.20) 0.00 (0.63) 0.00 
 0.00 
 1.16 
(0.93)
 13.67 
MLUFX  0.71 (0.19) 0.00 (0.64) 0.00 
 0.00 
 1.10 
(0.95)
 14.17 
MLUNX  0.71 (0.19) 0.00 (0.62) 0.00 
 0.00 
 1.11 
(0.96)
 13.91 
MLULX  0.69 (0.17) 0.00 (0.58) 0.00 
 0.00 
 1.21 
(0.90)
 13.13 
MLUZX  0.72 (0.19) 0.00 (0.63) 0.00 
 0.00 
 1.17 
(0.95)
 14.48 
MMBRX  0.47 (0.11) 0.00 (0.58) 0.00 
 0.00 
 0.75 
(0.82)
 7.57 
MMBVX  0.33 (0.08) 0.00 (1.50) 0.00 
 0.00 
 0.48 
(0.54)
 6.32 
MMBUX  0.99 (0.27) 0.00 (0.48) 0.00 
 0.00 
 1.35 
(1.28)
 22.88 
MMBYX  0.31 (0.08) 0.00 (1.24) 0.00 
 0.00 
 0.48 
(0.53)
 5.90 
MMCBX  0.25 (0.05) 0.00 (1.50) 0.00 
 0.00 
 0.45 
(0.66)
 1.46 

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