Massmutual Retiresmart Correlations

Mutual Funds . USA . 
Fund . Massmutual Retiresmart Moderate
MROUX Fund  USD 8.85  0.07  0.80%   
The current 90-days correlation between Massmutual Retiresmart and Massmutual Select Mid is 0.32 (i.e., Weak 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

Weak diversification

The correlation between Massmutual Retiresmart Moderat and DJI is 0.33 (i.e., Weak 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

  0.69MLUAX Massmutual Select MidPairCorr
  0.86MLUFX Massmutual Select MidPairCorr
  0.86MLUNX Massmutual Select MidPairCorr
  0.7MLULX Massmutual Select MidPairCorr
  0.7MLUSX Massmutual Select MidPairCorr
  0.69MLUZX Massmutual Select MidPairCorr
  0.86MLUYX Massmutual Select MidPairCorr
  0.8MMBRX Massmutual PremierPairCorr
  0.75MMBVX Massmutual SelectPairCorr
  0.66MMBUX Massmutual SelectPairCorr
  0.76MMBZX Massmutual SelectPairCorr
  0.76MMBYX Massmutual SelectPairCorr
  0.75MMBWX Massmutual SelectPairCorr
  0.69MMCBX Massmutual PremierPairCorr
  0.87MMARX Massmutual RetiresmartPairCorr
  0.74MMBEX Massmutual SelectPairCorr
  0.8MMBDX Massmutual PremierPairCorr
  0.77MMBLX Massmutual PremierPairCorr
  0.62MMELX Massmutual Select MidPairCorr
  0.82MMDFX Massmutual SelectPairCorr
  0.84MMDDX Massmutual SelectPairCorr
  0.86MMDJX Massmutual SelectPairCorr
  0.82MMDHX Massmutual SelectPairCorr
  0.84MMDGX Massmutual SelectPairCorr
  0.85MMDMX Massmutual SelectPairCorr
  0.85MMDKX Massmutual SelectPairCorr
  0.85MMDOX Massmutual SelectPairCorr
  0.86MMFZX Massmutual SelectPairCorr
  0.78MMFYX Massmutual Select FocusedPairCorr
  0.86MMFWX Massmutual SelectPairCorr
  0.75MMFBX Massmutual SelectPairCorr
  0.68MMFFX Mm Sp 500PairCorr
  0.76MMFEX Massmutual SelectPairCorr
  0.66MMFDX Massmutual SelectPairCorr
  0.66MMFJX Massmutual SelectPairCorr
  0.75MMFHX Massmutual SelectPairCorr
  0.76MMFGX Massmutual SelectPairCorr
  0.77MMFLX Massmutual SelectPairCorr
  0.77MMFKX Massmutual SelectPairCorr

Related Correlations Analysis

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 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  0.67 (0.29) 0.00 (0.86) 0.00 
 0.00 
 0.89 
(1.45)
 10.55 
MLUFX  0.65 (0.24) 0.00 (0.63) 0.00 
 0.00 
 0.99 
(1.48)
 11.79 
MLUNX  0.65 (0.24) 0.00 (0.63) 0.00 
 0.00 
 0.99 
(1.49)
 11.80 
MLULX  0.66 (0.28) 0.00 (0.82) 0.00 
 0.00 
 0.87 
(1.49)
 10.28 
MLUSX  0.67 (0.29) 0.00 (0.83) 0.00 
 0.00 
 0.89 
(1.44)
 10.47 
MLUZX  0.68 (0.29) 0.00 (0.81) 0.00 
 0.00 
 0.83 
(1.47)
 10.74 
MLUYX  0.64 (0.24) 0.00 (0.66) 0.00 
 0.00 
 0.90 
(1.37)
 11.56 
MMBRX  0.51 (0.10) 0.00 (0.24) 0.00 
 0.00 
 0.88 
(0.87)
 6.06 
MMBVX  0.26  0.00  0.04 (0.01) 0.38 
(0.27)
 0.56 
(0.48)
 1.75 
MMBUX  1.05 (0.44) 0.00 (0.50) 0.00 
 0.00 
 1.15 
(2.18)
 21.00 

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