Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMDFX Fund  USD 16.50  0.10  0.61%   
The current 90-days correlation between Massmutual Select and Massmutual Select Mid is 0.19 (i.e., Average 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

Very weak diversification

The correlation between Massmutual Select T and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select T 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 T. 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

  0.94MLUAX Massmutual Select MidPairCorr
  0.94MLUFX Massmutual Select MidPairCorr
  0.94MLUNX Massmutual Select MidPairCorr
  0.94MLULX Massmutual Select MidPairCorr
  0.94MLUSX Massmutual Select MidPairCorr
  0.94MLUZX Massmutual Select MidPairCorr
  0.94MLUYX Massmutual Select MidPairCorr
  0.92MMBRX Massmutual PremierPairCorr
  0.72MMBVX Massmutual SelectPairCorr
  0.97MMBUX Massmutual SelectPairCorr
  0.8MMBZX Massmutual SelectPairCorr
  0.74MMBYX Massmutual SelectPairCorr
  0.73MMBWX Massmutual SelectPairCorr
  0.7MMCBX Massmutual PremierPairCorr
  1.0MMARX Massmutual RetiresmartPairCorr
  0.71MMBEX Massmutual SelectPairCorr
  0.91MMBDX Massmutual PremierPairCorr
  0.92MMBLX Massmutual PremierPairCorr
  0.92MMELX Massmutual Select MidPairCorr
  1.0MMDDX Massmutual SelectPairCorr
  0.95MMDJX Massmutual SelectPairCorr
  0.96MMDGX Massmutual SelectPairCorr
  0.95MMDMX Massmutual SelectPairCorr
  0.95MMDKX Massmutual SelectPairCorr
  1.0MMFZX Massmutual SelectPairCorr
  0.93MMFYX Massmutual Select FocusedPairCorr
  0.95MMFWX Massmutual SelectPairCorr
  0.91MMGEX Massmutual Select SmallPairCorr
  0.73MMFBX Massmutual SelectPairCorr
  0.9MMFFX Mm Sp 500PairCorr
  0.72MMFDX Massmutual SelectPairCorr
  0.74MMFJX Massmutual SelectPairCorr
  0.73MMFHX Massmutual SelectPairCorr
  0.74MMFGX Massmutual SelectPairCorr
  0.8MMFLX Massmutual SelectPairCorr
  0.75MMFKX Massmutual SelectPairCorr
  1.0MMFQX Massmutual SelectPairCorr
  0.96MMFPX Massmutual SelectPairCorr
  0.96MMFOX Massmutual SelectPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MLUAX  0.78 (0.20) 0.00 (0.52) 0.00 
 0.00 
 1.17 
(1.45)
 13.02 
MLUFX  0.78 (0.20) 0.00 (0.53) 0.00 
 0.00 
 1.12 
(1.48)
 13.24 
MLUNX  0.78 (0.20) 0.00 (0.54) 0.00 
 0.00 
 1.12 
(1.49)
 13.17 
MLULX  0.77 (0.19) 0.00 (0.50) 0.00 
 0.00 
 1.22 
(1.49)
 12.68 
MLUSX  0.78 (0.20) 0.00 (0.52) 0.00 
 0.00 
 1.25 
(1.44)
 12.79 
MLUZX  0.78 (0.20) 0.00 (0.53) 0.00 
 0.00 
 1.19 
(1.47)
 13.09 
MLUYX  0.78 (0.20) 0.00 (0.54) 0.00 
 0.00 
 1.18 
(1.37)
 13.07 
MMBRX  0.47 (0.10) 0.00 (0.40) 0.00 
 0.00 
 0.80 
(1.09)
 6.58 
MMBVX  0.28 (0.02) 0.00 (0.13) 0.00 
 0.00 
 0.50 
(0.63)
 2.45 
MMBUX  1.05 (0.26) 0.00 (0.37) 0.00 
 0.00 
 1.37 
(1.40)
 22.86 

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