Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select Mid
MEFYX Fund  USD 17.58  0.06  0.34%   
The current 90-days correlation between Massmutual Select Mid and Massmutual Premier Diversified is 0.3 (i.e., Weak 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

Average diversification

The correlation between Massmutual Select Mid and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select Mid 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 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 manufacturing.

Moving together with Massmutual Mutual Fund

  0.8MLUAX Massmutual Select MidPairCorr
  0.98MLUFX Massmutual Select MidPairCorr
  0.98MLUNX Massmutual Select MidPairCorr
  0.8MLULX Massmutual Select MidPairCorr
  0.8MLUSX Massmutual Select MidPairCorr
  0.8MLUZX Massmutual Select MidPairCorr
  0.98MLUYX Massmutual Select MidPairCorr
  0.8MMBRX Massmutual PremierPairCorr
  0.8MMBUX Massmutual SelectPairCorr
  0.7MMCBX Massmutual PremierPairCorr
  0.82MMARX Massmutual RetiresmartPairCorr
  0.64MMBEX Massmutual SelectPairCorr
  0.81MMBDX Massmutual PremierPairCorr
  0.81MMBLX Massmutual PremierPairCorr
  0.74MMELX Massmutual Select MidPairCorr
  0.81MMDFX Massmutual SelectPairCorr
  0.81MMDDX Massmutual SelectPairCorr
  0.83MMDJX Massmutual SelectPairCorr
  0.81MMDHX Massmutual SelectPairCorr
  0.81MMDGX Massmutual SelectPairCorr
  0.79MMDMX Massmutual SelectPairCorr
  0.81MMDKX Massmutual SelectPairCorr
  0.84MMDOX Massmutual SelectPairCorr
  0.8MMFZX Massmutual SelectPairCorr
  0.81MMFYX Massmutual Select FocusedPairCorr
  0.8MMFWX Massmutual SelectPairCorr
  0.67MMGEX Massmutual Select SmallPairCorr
  0.8MMFFX Mm Sp 500PairCorr

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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