Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMFGX Fund  USD 13.72  0.03  0.22%   
The current 90-days correlation between Massmutual Select and Massmutual Select Mid is 0.36 (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

Weak diversification

The correlation between Massmutual Select T and DJI is 0.3 (i.e., 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 price.

Moving together with Massmutual Mutual Fund

  0.71MLUAX Massmutual Select MidPairCorr
  0.71MLUFX Massmutual Select MidPairCorr
  0.7MLUNX Massmutual Select MidPairCorr
  0.71MLULX Massmutual Select MidPairCorr
  0.71MLUSX Massmutual Select MidPairCorr
  0.71MLUZX Massmutual Select MidPairCorr
  0.71MLUYX Massmutual Select MidPairCorr
  0.74MMBRX Massmutual PremierPairCorr
  1.0MMBVX Massmutual SelectPairCorr
  0.73MMBUX Massmutual SelectPairCorr
  0.89MMBZX Massmutual SelectPairCorr
  1.0MMBYX Massmutual SelectPairCorr
  1.0MMBWX Massmutual SelectPairCorr
  0.87MMCBX Massmutual PremierPairCorr
  0.75MMARX Massmutual RetiresmartPairCorr
  0.85MMBEX Massmutual SelectPairCorr
  0.67MMBDX Massmutual PremierPairCorr
  0.68MMBLX Massmutual PremierPairCorr
  0.68MMELX Massmutual Select MidPairCorr
  0.74MMDFX Massmutual SelectPairCorr
  0.74MMDDX Massmutual SelectPairCorr
  0.83MMDJX Massmutual SelectPairCorr
  0.74MMDHX Massmutual SelectPairCorr
  0.79MMDGX Massmutual SelectPairCorr
  0.82MMDMX Massmutual SelectPairCorr
  0.83MMDKX Massmutual SelectPairCorr
  0.76MMDOX Massmutual SelectPairCorr
  0.77MMFZX Massmutual SelectPairCorr
  0.62MMFYX Massmutual Select FocusedPairCorr
  0.83MMFWX Massmutual SelectPairCorr
  0.82MMGEX Massmutual Select SmallPairCorr
  1.0MMFBX Massmutual SelectPairCorr
  0.9MMFEX Massmutual SelectPairCorr
  1.0MMFDX Massmutual SelectPairCorr
  1.0MMFJX Massmutual SelectPairCorr
  1.0MMFHX Massmutual SelectPairCorr
  0.9MMFLX Massmutual SelectPairCorr
  1.0MMFKX 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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