Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select Focused
MMFVX Fund  USD 15.93  0.06  0.38%   
The current 90-days correlation between Massmutual Select Focused and Massmutual Select Mid is 0.09 (i.e., Significant 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 Focused and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select Focused 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 Focused. 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 real.

Moving together with Massmutual Mutual Fund

  0.94MLUAX Massmutual Select MidPairCorr
  0.97MLUFX Massmutual Select MidPairCorr
  0.98MLUNX Massmutual Select MidPairCorr
  0.94MLULX Massmutual Select MidPairCorr
  0.94MLUSX Massmutual Select MidPairCorr
  0.94MLUZX Massmutual Select MidPairCorr
  0.97MLUYX Massmutual Select MidPairCorr
  0.96MMBRX Massmutual PremierPairCorr
  0.94MMBUX Massmutual SelectPairCorr
  0.63MMBZX Massmutual SelectPairCorr
  0.64MMCBX Massmutual PremierPairCorr
  0.9MMARX Massmutual RetiresmartPairCorr
  0.96MMBDX Massmutual PremierPairCorr
  0.95MMBLX Massmutual PremierPairCorr
  0.96MMELX Massmutual Select MidPairCorr
  0.9MMDFX Massmutual SelectPairCorr
  0.9MMDDX Massmutual SelectPairCorr
  0.89MMDJX Massmutual SelectPairCorr
  0.9MMDHX Massmutual SelectPairCorr
  0.9MMDGX Massmutual SelectPairCorr
  0.89MMDMX Massmutual SelectPairCorr
  0.89MMDKX Massmutual SelectPairCorr
  0.89MMDOX Massmutual SelectPairCorr
  0.89MMFZX Massmutual SelectPairCorr
  1.0MMFYX Massmutual Select FocusedPairCorr
  0.89MMFWX Massmutual SelectPairCorr
  0.89MMGEX Massmutual Select SmallPairCorr
  0.99MMFFX Mm Sp 500PairCorr
  0.63MMFEX Massmutual SelectPairCorr
  0.61MMFJX Massmutual SelectPairCorr
  0.61MMFGX Massmutual SelectPairCorr
  0.63MMFLX Massmutual SelectPairCorr
  0.62MMFKX 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 (0.21) 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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