Massmutual Retiresmart Correlations

MCTAX Fund

USD 9.24 0.01 0.11%

The current 90-days correlation between Massmutual Retiresmart and Guggenheim High Yield is -0.06 (i.e., Good 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 Servati 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 Servati 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 Servative. 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

0.93	MMCBX	Massmutual Premier	Pair Corr
0.94	MMBEX	Massmutual Select	Pair Corr

Moving against Massmutual Mutual Fund

0.41	MLUFX	Massmutual Select Mid	Pair Corr
0.38	MMBUX	Massmutual Select	Pair Corr
0.37	MLUSX	Massmutual Select Mid	Pair Corr
0.35	MMARX	Massmutual Retiresmart	Pair Corr
0.33	MLUZX	Massmutual Select Mid	Pair Corr
0.33	MLUYX	Massmutual Select Mid	Pair Corr
0.33	MMELX	Massmutual Select Mid	Pair Corr
0.32	MLUAX	Massmutual Select Mid	Pair Corr
0.32	MLUNX	Massmutual Select Mid	Pair Corr
0.32	MLULX	Massmutual Select Mid	Pair Corr
0.46	MMIEX	Mm Sp 500	Pair Corr
0.46	MMIZX	Mm Sp 500	Pair Corr
0.45	MMFFX	Mm Sp 500	Pair Corr
0.45	MMINX	Mm Sp 500	Pair Corr
0.34	MMGEX	Massmutual Select Small	Pair Corr

Related Correlations Analysis

	SIHSX	PHYSX	PHIAX	PKHIX	PYICX	SGYAX	BHYRX
SIHSX		0.82	0.9	0.94	0.99	0.87	0.98	SIHSX
PHYSX	0.82		0.94	0.92	0.84	0.93	0.85	PHYSX
PHIAX	0.9	0.94		0.94	0.91	0.93	0.9	PHIAX
PKHIX	0.94	0.92	0.94		0.95	0.94	0.97	PKHIX
PYICX	0.99	0.84	0.91	0.95		0.88	0.98	PYICX
SGYAX	0.87	0.93	0.93	0.94	0.88		0.89	SGYAX
BHYRX	0.98	0.85	0.9	0.97	0.98	0.89		BHYRX
	SIHSX	PHYSX	PHIAX	PKHIX	PYICX	SGYAX	BHYRX

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 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SIHSX	0.11	0.02	(0.84)	(0.86)	(0.17)	0.30	(0.20)	0.70
PHYSX	0.11	0.02	(0.54)	0.40	(0.16)	0.22	(0.22)	0.78
PHIAX	0.10	0.01	(0.52)	(2.15)	(0.15)	0.23	(0.23)	0.57
PKHIX	0.11	0.03	(0.50)	(1.56)	(0.19)	0.34	(0.22)	0.90
PYICX	0.11	0.02	(0.61)	(1.31)	(0.17)	0.22	(0.22)	0.78
SGYAX	0.14	0.04	(0.48)	(0.65)	(0.25)	0.29	(0.14)	1.28
BHYRX	0.12	0.02	(0.52)	(1.47)	(0.23)	0.28	(0.28)	0.85

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