Massmutual Retiresmart Correlations

MMNZX Fund

USD 11.02 0.06 0.54%

The current 90-days correlation between Massmutual Retiresmart and Origin Emerging Markets is -0.29 (i.e., Very good diversification). The correlation of Massmutual Retiresmart 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 Retiresmart Correlation With Market

Modest diversification

The correlation between Massmutual Retiresmart 2025 and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Retiresmart 2025 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 Retiresmart 2025. 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 nation.

Moving together with Massmutual Mutual Fund

0.69	MMBRX	Massmutual Premier	Pair Corr
0.74	MMBVX	Massmutual Select	Pair Corr
0.75	MMBZX	Massmutual Select	Pair Corr
0.75	MMBYX	Massmutual Select	Pair Corr
0.74	MMBWX	Massmutual Select	Pair Corr
0.69	MMBDX	Massmutual Premier	Pair Corr
0.61	MMBLX	Massmutual Premier	Pair Corr
0.74	MMFBX	Massmutual Select	Pair Corr
0.74	MMFEX	Massmutual Select	Pair Corr
0.74	MMFDX	Massmutual Select	Pair Corr
0.71	MMFHX	Massmutual Select	Pair Corr
0.75	MMFGX	Massmutual Select	Pair Corr
0.72	MMFLX	Massmutual Select	Pair Corr
0.72	MMFKX	Massmutual Select	Pair Corr

Moving against Massmutual Mutual Fund

0.59	MMAAX	Massmutual Select Growth	Pair Corr
0.59	MMGFX	Massmutual Select Growth	Pair Corr

Related Correlations Analysis

	POEIX	RYVLX	ZEMIX	FEMDX	TEOJX	EMSLX	PCEMX
POEIX		0.57	0.97	0.64	0.95	0.95	0.93	POEIX
RYVLX	0.57		0.61	0.81	0.36	0.4	0.49	RYVLX
ZEMIX	0.97	0.61		0.71	0.93	0.95	0.95	ZEMIX
FEMDX	0.64	0.81	0.71		0.51	0.53	0.64	FEMDX
TEOJX	0.95	0.36	0.93	0.51		0.97	0.94	TEOJX
EMSLX	0.95	0.4	0.95	0.53	0.97		0.93	EMSLX
PCEMX	0.93	0.49	0.95	0.64	0.94	0.93		PCEMX
	POEIX	RYVLX	ZEMIX	FEMDX	TEOJX	EMSLX	PCEMX

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Risk-Adjusted Indicators

There is a big difference between Massmutual Mutual Fund performing well and Massmutual Retiresmart 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 Retiresmart'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
POEIX	0.82	0.00	0.00	0.15	0.00	0.00	1.54	(1.82)	5.70
RYVLX	1.56	(0.07)	0.02	0.09	2.27	(1.50)	3.08	(4.83)	10.29
ZEMIX	0.68	0.03	(0.10)	(0.13)	0.97	(0.65)	1.48	(1.96)	4.20
FEMDX	0.15	0.04	(0.43)	(1.32)	0.00	(0.22)	0.42	(0.25)	1.08
TEOJX	0.67	0.00	0.00	0.19	0.00	0.00	1.76	(1.83)	4.91
EMSLX	0.73	(0.03)	0.00	10.78	0.00	0.00	1.76	(1.08)	6.36
PCEMX	0.74	(0.01)	(0.09)	0.09	1.05	(0.73)	1.63	(1.69)	6.32

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