Massmutual Select Correlations

MMYAX Fund

USD 9.40 0.06 0.64%

The current 90-days correlation between Massmutual Select Small and Dreyfusstandish Global Fixed is 0.04 (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

Significant diversification

The correlation between Massmutual Select Small and DJI is 0.08 (i.e., Significant 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 nation.

Moving together with Massmutual Mutual Fund

0.98	MLUAX	Massmutual Select Mid	Pair Corr
0.83	MLUFX	Massmutual Select Mid	Pair Corr
0.98	MLUNX	Massmutual Select Mid	Pair Corr
0.98	MLULX	Massmutual Select Mid	Pair Corr
0.94	MLUSX	Massmutual Select Mid	Pair Corr
0.98	MLUZX	Massmutual Select Mid	Pair Corr
0.98	MLUYX	Massmutual Select Mid	Pair Corr
0.82	MMBRX	Massmutual Premier	Pair Corr
0.75	MMBVX	Massmutual Select	Pair Corr
0.99	MMBUX	Massmutual Select	Pair Corr
0.71	MMBZX	Massmutual Select	Pair Corr
0.74	MMBWX	Massmutual Select	Pair Corr
0.75	MMARX	Massmutual Retiresmart	Pair Corr
0.88	MMBDX	Massmutual Premier	Pair Corr
0.83	MMBLX	Massmutual Premier	Pair Corr
0.89	MMDDX	Massmutual Select	Pair Corr
0.88	MMDGX	Massmutual Select	Pair Corr
0.88	MMDMX	Massmutual Select	Pair Corr
0.89	MMDKX	Massmutual Select	Pair Corr
0.88	MMDOX	Massmutual Select	Pair Corr
0.88	MMFZX	Massmutual Select	Pair Corr
0.88	MMFWX	Massmutual Select	Pair Corr
0.81	MMGEX	Massmutual Select Small	Pair Corr
0.76	MMFBX	Massmutual Select	Pair Corr
0.94	MMFFX	Mm Sp 500	Pair Corr
0.75	MMFEX	Massmutual Select	Pair Corr
0.79	MMFJX	Massmutual Select	Pair Corr
0.73	MMFGX	Massmutual Select	Pair Corr
0.78	MMFKX	Massmutual Select	Pair Corr
0.87	MMFRX	Massmutual Select	Pair Corr
0.87	MMFQX	Massmutual Select	Pair Corr
0.88	MMFPX	Massmutual Select	Pair Corr
0.88	MMFOX	Massmutual Select	Pair Corr
0.88	MMFUX	Massmutual Select	Pair Corr

Moving against Massmutual Mutual Fund

0.38	MMCBX	Massmutual Premier	Pair Corr
0.69	MMIAX	Massmutual Premier	Pair Corr
0.56	MMGFX	Massmutual Select Growth	Pair Corr
0.52	MMIUX	Massmutual Select	Pair Corr

Related Correlations Analysis

	DHGCX	PRVBX	TPYYX	MBSAX	AGRXX	BIDPX
DHGCX		0.33	0.52	0.79	0.0	0.83	DHGCX
PRVBX	0.33		0.68	0.51	0.0	0.35	PRVBX
TPYYX	0.52	0.68		0.61	0.0	0.64	TPYYX
MBSAX	0.79	0.51	0.61		0.0	0.79	MBSAX
AGRXX	0.0	0.0	0.0	0.0		0.0	AGRXX
BIDPX	0.83	0.35	0.64	0.79	0.0		BIDPX
	DHGCX	PRVBX	TPYYX	MBSAX	AGRXX	BIDPX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BIDPX	+ 0.83	DHGCX
MBSAX	+ 0.79	DHGCX
BIDPX	+ 0.79	MBSAX
TPYYX	+ 0.68	PRVBX
BIDPX	+ 0.64	TPYYX
MBSAX	+ 0.61	TPYYX

High negative correlations

BIDPX	- 0.0	AGRXX
AGRXX	- 0.0	MBSAX
AGRXX	- 0.0	TPYYX
AGRXX	- 0.0	PRVBX
AGRXX	- 0.0	DHGCX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DHGCX	0.15	(0.01)	(0.64)	(0.25)	0.17	(0.18)	0.31	(0.25)	0.96
PRVBX	0.09	0.00	(0.95)	0.03	0.03	(0.10)	0.20	(0.20)	0.48
TPYYX	0.65	0.08	(0.04)	2.50	0.75	(0.72)	1.21	(1.19)	5.39
MBSAX	0.21	(0.01)	(0.35)	0.04	0.24	(0.22)	0.37	(0.44)	1.25
AGRXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIDPX	0.15	(0.01)	(0.32)	0.00	0.22	(0.19)	0.27	(0.45)	1.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC