Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMFTX Fund  USD 16.87  0.11  0.66%   
The current 90-days correlation between Massmutual Select and Massmutual Select Mid is 0.21 (i.e., Modest 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

Modest diversification

The correlation between Massmutual Select T and DJI is 0.21 (i.e., Modest 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 estimate.

Moving together with Massmutual Mutual Fund

  0.94MLUAX Massmutual Select MidPairCorr
  0.92MLUFX Massmutual Select MidPairCorr
  0.92MLUNX Massmutual Select MidPairCorr
  0.94MLULX Massmutual Select MidPairCorr
  0.94MLUSX Massmutual Select MidPairCorr
  0.94MLUZX Massmutual Select MidPairCorr
  0.92MLUYX Massmutual Select MidPairCorr
  0.92MMBRX Massmutual PremierPairCorr
  0.76MMBVX Massmutual SelectPairCorr
  0.94MMBUX Massmutual SelectPairCorr
  0.84MMBZX Massmutual SelectPairCorr
  0.78MMBYX Massmutual SelectPairCorr
  0.82MMBWX Massmutual SelectPairCorr
  0.76MMCBX Massmutual PremierPairCorr
  1.0MMARX Massmutual RetiresmartPairCorr
  0.74MMBEX Massmutual SelectPairCorr
  0.92MMBDX Massmutual PremierPairCorr
  0.92MMBLX Massmutual PremierPairCorr
  0.92MMELX Massmutual Select MidPairCorr
  1.0MMDFX Massmutual SelectPairCorr
  1.0MMDDX Massmutual SelectPairCorr
  1.0MMDJX Massmutual SelectPairCorr
  1.0MMDHX Massmutual SelectPairCorr
  1.0MMDGX Massmutual SelectPairCorr
  1.0MMDMX Massmutual SelectPairCorr
  1.0MMDKX Massmutual SelectPairCorr
  1.0MMDOX Massmutual SelectPairCorr
  1.0MMFZX Massmutual SelectPairCorr
  0.89MMFYX Massmutual Select FocusedPairCorr
  1.0MMFWX Massmutual SelectPairCorr
  0.91MMGEX Massmutual Select SmallPairCorr
  0.82MMFBX Massmutual SelectPairCorr
  0.89MMFFX Mm Sp 500PairCorr
  0.83MMFEX Massmutual SelectPairCorr
  0.75MMFDX Massmutual SelectPairCorr
  0.82MMFJX Massmutual SelectPairCorr
  0.82MMFHX Massmutual SelectPairCorr
  0.83MMFGX Massmutual SelectPairCorr
  0.84MMFLX Massmutual SelectPairCorr
  0.83MMFKX Massmutual SelectPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MLUAX  0.78 (0.21) 0.00 (0.44) 0.00 
 0.00 
 1.17 
(1.45)
 13.02 
MLUFX  0.77 (0.22) 0.00 (0.54) 0.00 
 0.00 
 1.12 
(1.48)
 13.24 
MLUNX  0.78 (0.22) 0.00 (0.55) 0.00 
 0.00 
 1.12 
(1.49)
 13.17 
MLULX  0.77 (0.20) 0.00 (0.44) 0.00 
 0.00 
 1.22 
(1.49)
 12.68 
MLUSX  0.78 (0.21) 0.00 (0.44) 0.00 
 0.00 
 1.25 
(1.44)
 12.79 
MLUZX  0.78 (0.21) 0.00 (0.44) 0.00 
 0.00 
 1.19 
(1.47)
 13.09 
MLUYX  0.77 (0.22) 0.00 (0.54) 0.00 
 0.00 
 1.18 
(1.37)
 13.07 
MMBRX  0.47 (0.11) 0.00 (0.37) 0.00 
 0.00 
 0.80 
(1.09)
 6.58 
MMBVX  0.28 (0.02) 0.00 (0.30) 0.00 
 0.00 
 0.50 
(0.63)
 2.45 
MMBUX  1.05 (0.28) 0.00 (0.36) 0.00 
 0.00 
 1.37 
(1.40)
 22.86 

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