Massmutual Premier Correlations

MDBLX Fund

USD 8.07 0.02 0.25%

The current 90-days correlation between Massmutual Premier and Angel Oak Financial is 0.22 (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 Diversified and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier Diversified 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 Diversified. 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 bureau of economic analysis.

Moving together with Massmutual Mutual Fund

0.62	MLUAX	Massmutual Select Mid	Pair Corr
0.62	MLUFX	Massmutual Select Mid	Pair Corr
0.61	MLUNX	Massmutual Select Mid	Pair Corr
0.62	MLULX	Massmutual Select Mid	Pair Corr
0.62	MLUSX	Massmutual Select Mid	Pair Corr
0.62	MLUZX	Massmutual Select Mid	Pair Corr
0.62	MLUYX	Massmutual Select Mid	Pair Corr
0.65	MMBRX	Massmutual Premier	Pair Corr
0.88	MMBVX	Massmutual Select	Pair Corr
0.61	MMBUX	Massmutual Select	Pair Corr
0.84	MMBZX	Massmutual Select	Pair Corr
0.89	MMBYX	Massmutual Select	Pair Corr
0.84	MMBWX	Massmutual Select	Pair Corr
0.98	MMCBX	Massmutual Premier	Pair Corr
0.64	MMARX	Massmutual Retiresmart	Pair Corr
0.69	MMBDX	Massmutual Premier	Pair Corr
0.66	MMDFX	Massmutual Select	Pair Corr
0.66	MMDDX	Massmutual Select	Pair Corr
0.69	MMDJX	Massmutual Select	Pair Corr
0.66	MMDHX	Massmutual Select	Pair Corr
0.66	MMDGX	Massmutual Select	Pair Corr
0.69	MMDMX	Massmutual Select	Pair Corr
0.69	MMDKX	Massmutual Select	Pair Corr
0.68	MMDOX	Massmutual Select	Pair Corr
0.65	MMFZX	Massmutual Select	Pair Corr
0.7	MMFWX	Massmutual Select	Pair Corr
0.88	MMFBX	Massmutual Select	Pair Corr
0.85	MMFEX	Massmutual Select	Pair Corr
0.88	MMFDX	Massmutual Select	Pair Corr
0.87	MMFJX	Massmutual Select	Pair Corr
0.87	MMFHX	Massmutual Select	Pair Corr
0.89	MMFGX	Massmutual Select	Pair Corr
0.88	MMFLX	Massmutual Select	Pair Corr
0.87	MMFKX	Massmutual Select	Pair Corr
0.66	MMFRX	Massmutual Select	Pair Corr
0.66	MMFPX	Massmutual Select	Pair Corr

Related Correlations Analysis

	XFINX	BTO	BXSL	RMBLX	PSSRX	MSVIX	SBFAX
XFINX		0.61	0.29	0.52	0.35	0.27	0.07	XFINX
BTO	0.61		0.32	0.94	0.75	0.51	0.58	BTO
BXSL	0.29	0.32		0.07	-0.29	-0.52	-0.42	BXSL
RMBLX	0.52	0.94	0.07		0.89	0.69	0.71	RMBLX
PSSRX	0.35	0.75	-0.29	0.89		0.9	0.86	PSSRX
MSVIX	0.27	0.51	-0.52	0.69	0.9		0.84	MSVIX
SBFAX	0.07	0.58	-0.42	0.71	0.86	0.84		SBFAX
	XFINX	BTO	BXSL	RMBLX	PSSRX	MSVIX	SBFAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RMBLX	+ 0.94	BTO
MSVIX	+ 0.9	PSSRX
PSSRX	+ 0.89	RMBLX
SBFAX	+ 0.86	PSSRX
SBFAX	+ 0.84	MSVIX
PSSRX	+ 0.75	BTO

High negative correlations

MSVIX	- 0.52	BXSL
SBFAX	- 0.42	BXSL
PSSRX	- 0.29	BXSL

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
XFINX	0.12	0.00	0.00	(0.15)	0.21	(0.15)	0.21	(0.28)	1.14
BTO	1.13	0.18	0.12	0.28	1.23	(1.23)	2.32	(1.91)	13.54
BXSL	0.76	0.17	0.18	0.62	0.72	(0.80)	1.43	(1.14)	4.08
RMBLX	1.18	0.06	0.04	0.11	1.37	(1.33)	2.60	(2.31)	15.68
PSSRX	0.88	(0.01)	0.00	(0.03)	0.00	0.00	1.51	(1.79)	11.81
MSVIX	0.85	(0.10)	0.00	(0.24)	0.00	0.00	1.40	(1.42)	15.14
SBFAX	0.93	(0.04)	0.00	(0.11)	0.00	0.00	1.73	(1.85)	15.92

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