Massmutual Select Correlations

MBGFX Fund

USD 19.59 0.16 0.82%

The current 90-days correlation between Massmutual Select Blue and Great West Loomis Sayles is 0.03 (i.e., Significant diversification). The correlation of Massmutual Select 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 Select Correlation With Market

Weak diversification

The correlation between Massmutual Select Blue and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select Blue 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 Select Blue. 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 census.

Moving together with Massmutual Mutual Fund

0.65	MMAAX	Massmutual Select Growth	Pair Corr
0.65	MMANX	Massmutual Select Growth	Pair Corr
0.64	MMAZX	Massmutual Select Growth	Pair Corr
0.64	MMGFX	Massmutual Select Growth	Pair Corr

Moving against Massmutual Mutual Fund

0.4	MMBVX	Massmutual Select	Pair Corr
0.4	MMBZX	Massmutual Select	Pair Corr
0.4	MMBYX	Massmutual Select	Pair Corr
0.4	MMARX	Massmutual Retiresmart	Pair Corr
0.39	MMBWX	Massmutual Select	Pair Corr
0.31	MMDJX	Massmutual Select	Pair Corr
0.31	MMFZX	Massmutual Select	Pair Corr
0.47	MMFGX	Massmutual Select	Pair Corr
0.47	MMIUX	Massmutual Select	Pair Corr
0.46	MMFBX	Massmutual Select	Pair Corr
0.45	MMFEX	Massmutual Select	Pair Corr
0.45	MMNTX	Massmutual Retiresmart	Pair Corr
0.44	MMNRX	Massmutual Retiresmart	Pair Corr
0.41	MMKNX	Massmutual Retiresmart	Pair Corr
0.41	MMKTX	Massmutual Retiresmart	Pair Corr

Related Correlations Analysis

	MXLSX	QRSAX	UMPSX	BPSCX	AFDVX	ABYSX	HFMDX
MXLSX		0.96	0.88	0.91	0.87	0.89	0.8	MXLSX
QRSAX	0.96		0.92	0.92	0.91	0.92	0.89	QRSAX
UMPSX	0.88	0.92		0.97	0.99	0.99	0.97	UMPSX
BPSCX	0.91	0.92	0.97		0.97	0.98	0.9	BPSCX
AFDVX	0.87	0.91	0.99	0.97		0.98	0.95	AFDVX
ABYSX	0.89	0.92	0.99	0.98	0.98		0.96	ABYSX
HFMDX	0.8	0.89	0.97	0.9	0.95	0.96		HFMDX
	MXLSX	QRSAX	UMPSX	BPSCX	AFDVX	ABYSX	HFMDX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Massmutual Mutual Fund performing well and Massmutual Select 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 Select'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
MXLSX	0.85	0.10	0.00	0.99	0.77	(1.05)	2.08	(1.34)	7.51
QRSAX	0.78	0.12	0.02	1.43	0.69	(0.91)	1.87	(1.28)	6.37
UMPSX	1.43	(0.03)	0.07	0.11	1.42	(1.55)	3.41	(2.41)	10.41
BPSCX	0.85	(0.03)	0.02	0.10	0.76	(1.05)	1.77	(1.26)	7.51
AFDVX	0.84	(0.05)	(0.01)	0.08	0.83	(1.01)	1.68	(1.39)	6.80
ABYSX	0.80	(0.04)	0.00	0.09	0.84	(0.95)	1.73	(1.80)	5.95
HFMDX	0.93	0.02	0.05	0.14	0.98	(1.07)	2.34	(1.56)	5.63

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