Massmutual Premier Correlations

MCBDX Fund

USD 9.10 0.03 0.33%

The current 90-days correlation between Massmutual Premier and Massmutual Select Mid is 0.23 (i.e., Modest diversification). The correlation of Massmutual Premier 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 Premier Correlation With Market

Modest diversification

The correlation between Massmutual Premier E and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier E 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 Premier E. 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 unemployment.

Moving together with Massmutual Mutual Fund

0.95	MMCBX	Massmutual Premier	Pair Corr
0.84	MMANX	Massmutual Select Growth	Pair Corr
0.87	MMBEX	Massmutual Select	Pair Corr
0.83	MMGFX	Massmutual Select Growth	Pair Corr

Moving against Massmutual Mutual Fund

0.35

MMGEX

Massmutual Select Small

Pair Corr

Related Correlations Analysis

	MLUAX	MLUFX	MLUNX	MLULX	MLUSX	MLUZX	MLUYX	MMBRX	MMBVX	MMBUX
MLUAX		0.83	1.0	1.0	0.83	1.0	1.0	0.9	0.42	0.82	MLUAX
MLUFX	0.83		0.82	0.83	1.0	0.82	0.82	0.79	0.55	0.96	MLUFX
MLUNX	1.0	0.82		1.0	0.82	1.0	1.0	0.9	0.41	0.82	MLUNX
MLULX	1.0	0.83	1.0		0.83	1.0	1.0	0.89	0.44	0.83	MLULX
MLUSX	0.83	1.0	0.82	0.83		0.82	0.82	0.79	0.55	0.96	MLUSX
MLUZX	1.0	0.82	1.0	1.0	0.82		1.0	0.9	0.4	0.82	MLUZX
MLUYX	1.0	0.82	1.0	1.0	0.82	1.0		0.9	0.41	0.82	MLUYX
MMBRX	0.9	0.79	0.9	0.89	0.79	0.9	0.9		0.51	0.72	MMBRX
MMBVX	0.42	0.55	0.41	0.44	0.55	0.4	0.41	0.51		0.54	MMBVX
MMBUX	0.82	0.96	0.82	0.83	0.96	0.82	0.82	0.72	0.54		MMBUX
	MLUAX	MLUFX	MLUNX	MLULX	MLUSX	MLUZX	MLUYX	MMBRX	MMBVX	MMBUX

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Risk-Adjusted Indicators

There is a big difference between Massmutual Mutual Fund performing well and Massmutual Premier 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 Premier'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
MLUAX	0.66	(0.19)	0.00	(0.14)	0.00	0.00	0.96	(0.85)	13.67
MLUFX	0.68	(0.13)	0.00	(0.42)	0.00	0.00	1.10	(0.86)	3.18
MLUNX	0.66	(0.19)	0.00	(0.15)	0.00	0.00	0.99	(0.84)	13.91
MLULX	0.65	(0.18)	0.00	(0.14)	0.00	0.00	0.98	(0.83)	13.13
MLUSX	0.68	(0.12)	0.00	(0.39)	0.00	0.00	1.10	(0.89)	3.25
MLUZX	0.68	(0.20)	0.00	(0.16)	0.00	0.00	0.97	(0.85)	14.48
MLUYX	0.68	(0.19)	0.00	(0.15)	0.00	0.00	0.97	(0.85)	14.18
MMBRX	0.43	(0.08)	0.00	(0.41)	0.00	0.00	0.75	(0.66)	7.57
MMBVX	0.24	(0.01)	(0.20)	0.03	0.25	(0.26)	0.48	(0.47)	1.36
MMBUX	0.94	(0.28)	0.00	(0.16)	0.00	0.00	1.45	(1.13)	4.78

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