Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select Mid
MEFFX Fund  USD 16.44  0.17  1.02%   
The current 90-days correlation between Massmutual Select Mid and Calvert Moderate Allocation is 0.93 (i.e., Almost no 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Massmutual Select Mid. 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

  0.91MLUAX Massmutual Select MidPairCorr
  0.96MLUFX Massmutual Select MidPairCorr
  0.91MLUNX Massmutual Select MidPairCorr
  0.91MLULX Massmutual Select MidPairCorr
  0.96MLUSX Massmutual Select MidPairCorr
  0.91MLUZX Massmutual Select MidPairCorr
  0.91MLUYX Massmutual Select MidPairCorr
  0.9MMBRX Massmutual PremierPairCorr
  0.68MMBVX Massmutual SelectPairCorr
  0.93MMBUX Massmutual SelectPairCorr
  0.65MMBZX Massmutual SelectPairCorr
  0.66MMBYX Massmutual SelectPairCorr
  0.9MMBDX Massmutual PremierPairCorr
  0.84MMBLX Massmutual PremierPairCorr
  0.93MMELX Massmutual Select MidPairCorr
  0.86MMDDX Massmutual SelectPairCorr
  0.86MMDJX Massmutual SelectPairCorr
  0.85MMDHX Massmutual SelectPairCorr
  0.86MMDGX Massmutual SelectPairCorr
  0.85MMDMX Massmutual SelectPairCorr
  0.86MMDKX Massmutual SelectPairCorr
  0.85MMFZX Massmutual SelectPairCorr
  0.85MMFWX Massmutual SelectPairCorr
  0.92MMGEX Massmutual Select SmallPairCorr
  0.69MMFBX Massmutual SelectPairCorr
  0.97MMFFX Mm Sp 500PairCorr
  0.68MMFEX Massmutual SelectPairCorr
  0.68MMFDX Massmutual SelectPairCorr
  0.74MMFHX Massmutual SelectPairCorr
  0.72MMFKX Massmutual SelectPairCorr
  0.84MMFQX Massmutual SelectPairCorr
  0.97MMIEX Mm Sp 500PairCorr
  0.98MMINX Mm Sp 500PairCorr

Moving against Massmutual Mutual Fund

  0.7MMAAX Massmutual Select GrowthPairCorr
  0.7MMGFX Massmutual Select GrowthPairCorr
  0.62MMCBX Massmutual PremierPairCorr
  0.62MMBEX Massmutual SelectPairCorr
  0.57MMNWX MmnwxPairCorr

Related Correlations Analysis

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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.

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