Massmutual Retiresmart Correlations

Mutual Funds . USA . 
Fund . Massmutual Retiresmart 2020
MRTAX Fund  USD 10.99  0.02  0.18%   
The current 90-days correlation between Massmutual Retiresmart and Massmutual Select Mid is 0.12 (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

Good diversification

The correlation between Massmutual Retiresmart 2020 and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Retiresmart 2020 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 2020. 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

  0.75MLUAX Massmutual Select MidPairCorr
  0.75MLUFX Massmutual Select MidPairCorr
  0.82MLUNX Massmutual Select MidPairCorr
  0.75MLULX Massmutual Select MidPairCorr
  0.82MLUSX Massmutual Select MidPairCorr
  0.81MLUYX Massmutual Select MidPairCorr
  0.82MMBRX Massmutual PremierPairCorr
  0.92MMBVX Massmutual SelectPairCorr
  0.78MMBUX Massmutual SelectPairCorr
  0.92MMBZX Massmutual SelectPairCorr
  0.99MMBYX Massmutual SelectPairCorr
  0.99MMBWX Massmutual SelectPairCorr
  0.68MMCBX Massmutual PremierPairCorr
  0.81MMBEX Massmutual SelectPairCorr
  0.82MMELX Massmutual Select MidPairCorr
  0.97MMDFX Massmutual SelectPairCorr
  0.9MMDDX Massmutual SelectPairCorr
  0.97MMDJX Massmutual SelectPairCorr
  0.97MMDHX Massmutual SelectPairCorr
  0.9MMDGX Massmutual SelectPairCorr
  0.89MMDMX Massmutual SelectPairCorr
  0.97MMDKX Massmutual SelectPairCorr
  0.97MMDOX Massmutual SelectPairCorr
  0.9MMFZX Massmutual SelectPairCorr
  0.82MMFYX Massmutual Select FocusedPairCorr
  0.97MMFWX Massmutual SelectPairCorr
  0.68MMGEX Massmutual Select SmallPairCorr
  0.92MMFBX Massmutual SelectPairCorr
  0.8MMFFX Mm Sp 500PairCorr
  0.92MMFDX Massmutual SelectPairCorr
  0.98MMFJX Massmutual SelectPairCorr
  0.98MMFHX Massmutual SelectPairCorr
  0.97MMFGX Massmutual SelectPairCorr
  0.91MMFLX Massmutual SelectPairCorr
  0.91MMFKX Massmutual SelectPairCorr
  0.9MMFOX Massmutual SelectPairCorr
  0.82MMFVX Massmutual Select FocusedPairCorr
  0.9MMFTX Massmutual SelectPairCorr
  0.62MMIAX Massmutual PremierPairCorr
  0.74MMIEX Mm Sp 500PairCorr

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  0.71 (0.19) 0.00 (0.70) 0.00 
 0.00 
 1.16 
(0.93)
 13.67 
MLUFX  0.71 (0.20) 0.00 (0.72) 0.00 
 0.00 
 1.10 
(0.95)
 14.17 
MLUNX  0.71 (0.19) 0.00 (0.60) 0.00 
 0.00 
 1.11 
(0.96)
 13.91 
MLULX  0.69 (0.19) 0.00 (0.67) 0.00 
 0.00 
 1.21 
(0.90)
 13.13 
MLUSX  0.72 (0.19) 0.00 (0.59) 0.00 
 0.00 
 1.23 
(0.92)
 14.03 
MLUZX  0.72 (0.20) 0.00 (0.71) 0.00 
 0.00 
 1.17 
(0.95)
 14.48 
MLUYX  0.72 (0.20) 0.00 (0.61) 0.00 
 0.00 
 1.17 
(0.94)
 14.18 
MMBRX  0.47 (0.11) 0.00 (0.88) 0.00 
 0.00 
 0.75 
(0.82)
 7.57 
MMBVX  0.32 (0.09) 0.00 (1.89) 0.00 
 0.00 
 0.48 
(0.54)
 6.32 
MMBUX  1.00 (0.29) 0.00 (0.55) 0.00 
 0.00 
 1.35 
(1.28)
 22.88 

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