Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select Small
MMGEX Fund  USD 9.48  0.06  0.64%   
The current 90-days correlation between Massmutual Select Small and Massmutual Select Mid is 0.84 (i.e., Very poor 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 Small and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select Small 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 Small. 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 income.

Moving together with Massmutual Mutual Fund

  0.95MLUAX Massmutual Select MidPairCorr
  0.95MLUFX Massmutual Select MidPairCorr
  0.95MLUNX Massmutual Select MidPairCorr
  0.95MLULX Massmutual Select MidPairCorr
  0.95MLUSX Massmutual Select MidPairCorr
  0.95MLUZX Massmutual Select MidPairCorr
  0.95MLUYX Massmutual Select MidPairCorr
  0.93MMBRX Massmutual PremierPairCorr
  0.81MMBVX Massmutual SelectPairCorr
  0.94MMBUX Massmutual SelectPairCorr
  0.83MMBZX Massmutual SelectPairCorr
  0.82MMBYX Massmutual SelectPairCorr
  0.81MMBWX Massmutual SelectPairCorr
  0.73MMCBX Massmutual PremierPairCorr
  0.9MMARX Massmutual RetiresmartPairCorr
  0.71MMBEX Massmutual SelectPairCorr
  0.9MMBDX Massmutual PremierPairCorr
  0.9MMBLX Massmutual PremierPairCorr
  0.93MMELX Massmutual Select MidPairCorr
  0.91MMDFX Massmutual SelectPairCorr
  0.91MMDDX Massmutual SelectPairCorr
  0.91MMDJX Massmutual SelectPairCorr
  0.91MMDHX Massmutual SelectPairCorr
  0.9MMDGX Massmutual SelectPairCorr
  0.91MMDMX Massmutual SelectPairCorr
  0.91MMDKX Massmutual SelectPairCorr
  0.92MMDOX Massmutual SelectPairCorr
  0.92MMFZX Massmutual SelectPairCorr
  0.88MMFYX Massmutual Select FocusedPairCorr
  0.91MMFWX Massmutual SelectPairCorr
  0.81MMFBX Massmutual SelectPairCorr
  0.87MMFFX Mm Sp 500PairCorr
  0.84MMFEX Massmutual SelectPairCorr
  0.8MMFDX Massmutual SelectPairCorr
  0.82MMFJX Massmutual SelectPairCorr
  0.82MMFHX Massmutual SelectPairCorr
  0.82MMFGX Massmutual SelectPairCorr
  0.84MMFLX Massmutual SelectPairCorr
  0.83MMFKX 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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