Massmutual Premier Correlations

MIPZX Fund

USD 9.34 0.01 0.11%

The current 90-days correlation between Massmutual Premier and Biotechnology Ultrasector Profund is 0.23 (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

Very good diversification

The correlation between Massmutual Premier Inflation P and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier Inflation P 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 Inflation Protected. 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

0.99	MIPYX	Massmutual Premier	Pair Corr
0.93	VIPIX	Vanguard Inflation	Pair Corr
0.92	VAIPX	Vanguard Inflation-protec	Pair Corr
0.92	VIPSX	Vanguard Inflation	Pair Corr
0.91	BFICX	American Funds Inflation	Pair Corr
0.76	BFIAX	American Funds Inflation	Pair Corr
0.88	BFIFX	American Funds Inflation	Pair Corr
0.82	FLIBX	American Funds Inflation	Pair Corr
0.85	FIBLX	American Funds Inflation	Pair Corr
0.91	FSPWX	Fidelity Sai Inflation	Pair Corr
0.93	FSTDX	Fidelity Series 5	Pair Corr

Moving against Massmutual Mutual Fund

0.54	MMIEX	Mm Sp 500	Pair Corr
0.54	MMIZX	Mm Sp 500	Pair Corr
0.53	MDDIX	Massmutual Select	Pair Corr
0.53	MEFFX	Massmutual Select Mid	Pair Corr
0.52	MMELX	Massmutual Select Mid	Pair Corr
0.52	MOORX	Massmutual Premier Small	Pair Corr
0.51	MMFFX	Mm Sp 500	Pair Corr
0.38	MPHAX	Massmutual Premier High	Pair Corr
0.36	MSTLX	Massmutual Premier	Pair Corr
0.35	MPHNX	Massmutual Prem High	Pair Corr
0.33	MSTDX	Massmutual Premier	Pair Corr
0.32	MSTZX	Massmutual Premier	Pair Corr
0.57	MGFZX	Massmutual Premier Global	Pair Corr

Related Correlations Analysis

	JNGTX	USTCX	ICTEX	PTTEX	HTECX	BIPIX
JNGTX		0.9	0.81	0.76	0.92	0.68	JNGTX
USTCX	0.9		0.77	0.78	0.86	0.66	USTCX
ICTEX	0.81	0.77		0.54	0.89	0.85	ICTEX
PTTEX	0.76	0.78	0.54		0.6	0.47	PTTEX
HTECX	0.92	0.86	0.89	0.6		0.76	HTECX
BIPIX	0.68	0.66	0.85	0.47	0.76		BIPIX
	JNGTX	USTCX	ICTEX	PTTEX	HTECX	BIPIX

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
JNGTX	1.19	0.29	0.13	(1.99)	1.25	(1.25)	2.15	(2.59)	19.25
USTCX	0.98	0.16	0.07	1.69	1.14	(0.97)	2.01	(2.05)	9.79
ICTEX	1.37	0.41	0.36	0.35	0.73	(1.79)	1.77	(2.01)	30.28
PTTEX	1.13	0.20	0.09	2.24	1.31	(1.25)	1.93	(2.66)	16.23
HTECX	1.31	0.36	0.27	0.47	0.85	(1.61)	1.55	(2.08)	30.04
BIPIX	1.80	0.33	0.15	0.40	1.82	(1.98)	4.29	(3.27)	10.98

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