Massmutual Retiresmart Correlations

MROUX Fund

USD 8.69 0.01 0.11%

The current 90-days correlation between Massmutual Retiresmart and Scharf Fund Retail is 0.08 (i.e., Significant 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

Very poor diversification

The correlation between Massmutual Retiresmart Moderat and DJI is 0.89 (i.e., Very poor 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 employment.

Moving together with Massmutual Mutual Fund

0.86	MMBRX	Massmutual Premier	Pair Corr
0.82	MMBVX	Massmutual Select	Pair Corr
0.92	MMBZX	Massmutual Select	Pair Corr
0.82	MMBYX	Massmutual Select	Pair Corr
0.91	MMBWX	Massmutual Select	Pair Corr
0.66	MMARX	Massmutual Retiresmart	Pair Corr
0.86	MMBDX	Massmutual Premier	Pair Corr
0.87	MMBLX	Massmutual Premier	Pair Corr
0.97	MMDFX	Massmutual Select	Pair Corr
0.88	MMDDX	Massmutual Select	Pair Corr
0.88	MMDJX	Massmutual Select	Pair Corr
0.88	MMDHX	Massmutual Select	Pair Corr
0.88	MMDGX	Massmutual Select	Pair Corr
0.88	MMDMX	Massmutual Select	Pair Corr
0.88	MMDKX	Massmutual Select	Pair Corr
0.96	MMDOX	Massmutual Select	Pair Corr
0.88	MMFZX	Massmutual Select	Pair Corr
0.92	MMFYX	Massmutual Select Focused	Pair Corr
0.97	MMFWX	Massmutual Select	Pair Corr
0.92	MMFBX	Massmutual Select	Pair Corr
0.65	MMFFX	Mm Sp 500	Pair Corr
0.83	MMFEX	Massmutual Select	Pair Corr
0.83	MMFDX	Massmutual Select	Pair Corr
0.96	MMFJX	Massmutual Select	Pair Corr
0.95	MMFHX	Massmutual Select	Pair Corr
0.93	MMFGX	Massmutual Select	Pair Corr
0.96	MMFLX	Massmutual Select	Pair Corr
0.96	MMFKX	Massmutual Select	Pair Corr

Related Correlations Analysis

	LOGRX	RBCIX	PEIRX	PAEIX	OWFIX	RTIUX
LOGRX		-0.06	-0.4	-0.08	-0.12	-0.1	LOGRX
RBCIX	-0.06		0.78	0.92	0.91	0.93	RBCIX
PEIRX	-0.4	0.78		0.81	0.72	0.83	PEIRX
PAEIX	-0.08	0.92	0.81		0.91	1.0	PAEIX
OWFIX	-0.12	0.91	0.72	0.91		0.89	OWFIX
RTIUX	-0.1	0.93	0.83	1.0	0.89		RTIUX
	LOGRX	RBCIX	PEIRX	PAEIX	OWFIX	RTIUX

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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

RTIUX	+ 1.0	PAEIX
RTIUX	+ 0.93	RBCIX
PAEIX	+ 0.92	RBCIX
OWFIX	+ 0.91	RBCIX
OWFIX	+ 0.91	PAEIX
RTIUX	+ 0.89	OWFIX

High negative correlations

PEIRX	- 0.4	LOGRX
OWFIX	- 0.12	LOGRX
RTIUX	- 0.1	LOGRX
PAEIX	- 0.08	LOGRX
RBCIX	- 0.06	LOGRX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LOGRX	0.07	0.00	0.00	0.01	0.00	0.00	0.16	0.00	1.75
RBCIX	1.27	0.24	0.16	1.33	1.26	(1.50)	2.72	(2.64)	7.76
PEIRX	0.78	(0.03)	0.00	(0.08)	0.00	0.00	1.57	(1.58)	9.14
PAEIX	0.64	0.14	0.17	0.20	0.68	(0.70)	1.50	(1.22)	4.54
OWFIX	0.17	0.02	0.21	1.58	0.00	(0.22)	0.40	(0.30)	1.01
RTIUX	0.58	0.13	0.17	0.21	0.63	(0.64)	1.47	(1.41)	5.02

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