Massmutual Select Correlations

MDDAX Fund

USD 11.20 0.02 0.18%

The current 90-days correlation between Massmutual Select and Dodge Cox Stock is -0.04 (i.e., Good 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 Diversified and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select 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 Select 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 nation.

Moving together with MASSMUTUAL Mutual Fund

0.88	MMAAX	Massmutual Select Growth	Pair Corr
0.87	MMAZX	Massmutual Select Growth	Pair Corr
0.88	MMGFX	Massmutual Select Growth	Pair Corr

Moving against MASSMUTUAL Mutual Fund

0.72	MMARX	Massmutual Retiresmart	Pair Corr
0.66	MMDFX	Massmutual Select	Pair Corr
0.66	MMDDX	Massmutual Select	Pair Corr
0.66	MMDJX	Massmutual Select	Pair Corr
0.66	MMDHX	Massmutual Select	Pair Corr
0.66	MMDMX	Massmutual Select	Pair Corr
0.66	MMDKX	Massmutual Select	Pair Corr
0.66	MMDOX	Massmutual Select	Pair Corr
0.66	MMFZX	Massmutual Select	Pair Corr
0.64	MMBVX	Massmutual Select	Pair Corr
0.64	MMBWX	Massmutual Select	Pair Corr
0.63	MMBZX	Massmutual Select	Pair Corr
0.63	MMBYX	Massmutual Select	Pair Corr
0.62	MMBRX	Massmutual Premier	Pair Corr
0.59	MMBDX	Massmutual Premier	Pair Corr
0.59	MMBLX	Massmutual Premier	Pair Corr
0.52	MMELX	Massmutual Select Mid	Pair Corr
0.48	MMBUX	Massmutual Select	Pair Corr
0.42	MLUFX	Massmutual Select Mid	Pair Corr
0.42	MLUSX	Massmutual Select Mid	Pair Corr
0.4	MLUAX	Massmutual Select Mid	Pair Corr
0.4	MLULX	Massmutual Select Mid	Pair Corr
0.4	MLUZX	Massmutual Select Mid	Pair Corr
0.4	MLUYX	Massmutual Select Mid	Pair Corr
0.39	MLUNX	Massmutual Select Mid	Pair Corr
0.72	MMKTX	Massmutual Retiresmart	Pair Corr
0.72	MMKYX	Massmutual Retiresmart	Pair Corr
0.71	MMKNX	Massmutual Retiresmart	Pair Corr
0.71	MMKZX	Massmutual Retiresmart	Pair Corr
0.68	MMFBX	Massmutual Select	Pair Corr
0.67	MMFGX	Massmutual Select	Pair Corr
0.66	MMFWX	Massmutual Select	Pair Corr
0.66	MMFHX	Massmutual Select	Pair Corr
0.66	MMFOX	Massmutual Select	Pair Corr
0.66	MMFUX	Massmutual Select	Pair Corr

Related Correlations Analysis

	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX
DOXGX		0.81	0.8	0.81	0.8	0.86	0.85	0.95	0.89	DOXGX
AFMFX	0.81		1.0	1.0	1.0	0.92	0.92	0.87	0.96	AFMFX
FFMMX	0.8	1.0		1.0	1.0	0.92	0.92	0.87	0.96	FFMMX
FFFMX	0.81	1.0	1.0		1.0	0.92	0.92	0.87	0.96	FFFMX
AMRMX	0.8	1.0	1.0	1.0		0.92	0.92	0.86	0.96	AMRMX
AMFFX	0.86	0.92	0.92	0.92	0.92		1.0	0.81	0.88	AMFFX
AMFCX	0.85	0.92	0.92	0.92	0.92	1.0		0.8	0.88	AMFCX
DODGX	0.95	0.87	0.87	0.87	0.86	0.81	0.8		0.95	DODGX
VIVAX	0.89	0.96	0.96	0.96	0.96	0.88	0.88	0.95		VIVAX
	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX

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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
DOXGX	0.52	0.09	(0.05)	(1.61)	0.45	(0.59)	0.94	(0.93)	4.22
AFMFX	0.46	(0.02)	(0.11)	0.09	0.43	(0.51)	0.90	(0.86)	2.68
FFMMX	0.46	(0.02)	(0.11)	0.09	0.43	(0.51)	0.90	(0.86)	2.66
FFFMX	0.45	(0.02)	(0.11)	0.09	0.42	(0.51)	0.90	(0.86)	2.68
AMRMX	0.45	(0.02)	(0.11)	0.09	0.43	(0.51)	0.91	(0.86)	2.66
AMFFX	0.45	0.05	(0.12)	2.39	0.43	(0.50)	0.90	(0.86)	2.68
AMFCX	0.45	0.05	(0.13)	2.07	0.43	(0.50)	0.90	(0.88)	2.68
DODGX	0.52	(0.02)	(0.05)	0.10	0.45	(0.59)	0.94	(0.94)	4.22
VIVAX	0.51	(0.01)	(0.05)	0.11	0.38	(0.60)	1.05	(0.83)	3.45

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