Massmutual Premier Correlations

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.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 producer price index.

Moving together with Massmutual Mutual Fund

0.9	VIPIX	Vanguard Inflation	Pair Corr
0.88	VAIPX	Vanguard Inflation-protec	Pair Corr
0.9	VIPSX	Vanguard Inflation	Pair Corr
0.9	BFICX	American Funds Inflation	Pair Corr
0.84	BFIAX	American Funds Inflation	Pair Corr
0.85	BFIFX	American Funds Inflation	Pair Corr
0.69	FLIBX	American Funds Inflation	Pair Corr
0.75	FIBLX	American Funds Inflation	Pair Corr
0.8	FSPWX	Fidelity Sai Inflation	Pair Corr
0.9	FSTDX	Fidelity Series 5	Pair Corr
0.68	XDSMX	Dreyfus Strategic	Pair Corr
0.78	XNXJX	Nuveen New Jersey	Pair Corr
0.76	XNBHX	Neuberger Berman Int	Pair Corr

Moving against Massmutual Mutual Fund

0.46	CNGLX	Commonwealth Global	Pair Corr
0.34	PFN	Pimco Income Strategy	Pair Corr
0.69	GICAX	Goldman Sachs Intern	Pair Corr
0.65	JRARX	Janus Henderson Research	Pair Corr
0.59	TRMIX	T Rowe Price	Pair Corr
0.58	FSAGX	Gold Portfolio Gold	Pair Corr
0.57	BXFCX	Barings Global Floating	Pair Corr
0.57	LTEBX	Limited Term Tax	Pair Corr
0.57	PQTNX	Pimco Trends Managed	Pair Corr
0.54	CGFFX	Growth Fund	Pair Corr
0.51	PARDX	T Rowe Price	Pair Corr
0.5	ALAYX	Invesco Income Allocation	Pair Corr
0.41	TWN	Taiwan Closed	Pair Corr
0.4	PRSLX	T Rowe Price	Pair Corr
0.36	FCNTX	Fidelity Contrafund	Pair Corr

Related Correlations Analysis

	FTIXX	PGFMX	XFINX	MCBXX	FAFDX	FIKBX
FTIXX		0.0	0.0	0.0	0.0	0.0	FTIXX
PGFMX	0.0		0.06	0.0	-0.47	-0.39	PGFMX
XFINX	0.0	0.06		0.0	0.42	0.47	XFINX
MCBXX	0.0	0.0	0.0		0.0	0.0	MCBXX
FAFDX	0.0	-0.47	0.42	0.0		0.94	FAFDX
FIKBX	0.0	-0.39	0.47	0.0	0.94		FIKBX
	FTIXX	PGFMX	XFINX	MCBXX	FAFDX	FIKBX

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

FIKBX	+ 0.94	FAFDX
FIKBX	+ 0.47	XFINX
FAFDX	+ 0.42	XFINX
XFINX	+ 0.06	PGFMX
PGFMX	+ 0.0	FTIXX
XFINX	+ 0.0	FTIXX

High negative correlations

FAFDX	- 0.47	PGFMX
FIKBX	- 0.39	PGFMX
FIKBX	- 0.0	MCBXX
FAFDX	- 0.0	MCBXX
MCBXX	- 0.0	XFINX
MCBXX	- 0.0	PGFMX

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
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PGFMX	0.35	(0.04)	0.00	(0.24)	0.00	0.00	0.62	(0.63)	3.71
XFINX	0.14	(0.01)	(0.23)	(0.21)	0.27	(0.16)	0.22	(0.43)	1.44
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FAFDX	0.78	0.22	0.12	(1.35)	0.84	(0.86)	1.78	(1.67)	7.63
FIKBX	0.79	0.11	0.10	0.18	0.89	(0.86)	1.80	(1.63)	7.65

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