Massmutual Retiresmart Correlations
| MRTBX Fund | USD 11.74 0.01 0.09% |
The current 90-days correlation between Massmutual Retiresmart and Doubleline Yield Opportunities is 0.49 (i.e., Very 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
Average diversification
The correlation between Massmutual Retiresmart 2020 and DJI is 0.16 (i.e., Average 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.
Massmutual |
Moving together with Massmutual Mutual Fund
| 0.71 | MMBRX | Massmutual Premier | PairCorr |
| 0.82 | MMBVX | Massmutual Select | PairCorr |
| 0.83 | MMBZX | Massmutual Select | PairCorr |
| 0.83 | MMBYX | Massmutual Select | PairCorr |
| 0.82 | MMBWX | Massmutual Select | PairCorr |
| 0.67 | MMARX | Massmutual Retiresmart | PairCorr |
| 0.63 | MMBDX | Massmutual Premier | PairCorr |
| 0.63 | MMBLX | Massmutual Premier | PairCorr |
| 0.61 | MMDHX | Massmutual Select | PairCorr |
| 0.61 | MMDGX | Massmutual Select | PairCorr |
| 0.61 | MMDMX | Massmutual Select | PairCorr |
| 0.67 | MMDKX | Massmutual Select | PairCorr |
| 0.61 | MMDOX | Massmutual Select | PairCorr |
| 0.62 | MMFZX | Massmutual Select | PairCorr |
| 0.62 | MMFWX | Massmutual Select | PairCorr |
| 0.81 | MMFBX | Massmutual Select | PairCorr |
| 0.82 | MMFEX | Massmutual Select | PairCorr |
| 0.82 | MMFDX | Massmutual Select | PairCorr |
| 0.79 | MMFJX | Massmutual Select | PairCorr |
| 0.78 | MMFHX | Massmutual Select | PairCorr |
| 0.83 | MMFGX | Massmutual Select | PairCorr |
Related Correlations Analysis
| 0.79 | 0.89 | 0.87 | 0.85 | 0.85 | XDLYX | ||
| 0.79 | 0.86 | 0.89 | 0.78 | 0.82 | CFNLX | ||
| 0.89 | 0.86 | 0.95 | 0.95 | 0.81 | ANAGX | ||
| 0.87 | 0.89 | 0.95 | 0.88 | 0.77 | DHGCX | ||
| 0.85 | 0.78 | 0.95 | 0.88 | 0.79 | MSTBX | ||
| 0.85 | 0.82 | 0.81 | 0.77 | 0.79 | AFB | ||
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XDLYX | 0.13 | (0.01) | 0.00 | (2.25) | 0.00 | 0.24 | 1.11 | |||
| CFNLX | 0.12 | 0.00 | (0.45) | 0.10 | 0.19 | 0.22 | 1.13 | |||
| ANAGX | 0.16 | (0.02) | 0.00 | 20.72 | 0.00 | 0.29 | 1.01 | |||
| DHGCX | 0.15 | (0.01) | (0.64) | (0.25) | 0.17 | 0.31 | 0.96 | |||
| MSTBX | 0.09 | (0.02) | 0.00 | (0.74) | 0.00 | 0.20 | 0.72 | |||
| AFB | 0.52 | 0.01 | (0.16) | (0.11) | 0.61 | 1.13 | 2.89 |