Massmutual Select Correlations
| MMYAXDelisted Fund | USD 5.86 0.00 0.00% |
The current 90-days correlation between Massmutual Select Small and Dunham High Yield is -0.15 (i.e., Good 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
Very good diversification
The correlation between Massmutual Select Small and DJI is -0.21 (i.e., Very good 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.
Massmutual |
Moving together with Massmutual Mutual Fund
Moving against Massmutual Mutual Fund
| 0.38 | NFJ | Virtus Dividend Interest | PairCorr |
| 0.35 | VSIIX | Vanguard Small Cap | PairCorr |
| 0.35 | VISVX | Vanguard Small Cap | PairCorr |
| 0.35 | DFSVX | Us Small Cap | PairCorr |
| 0.35 | DFFVX | Us Targeted Value | PairCorr |
| 0.48 | CVX | Chevron Corp Earnings Call Tomorrow | PairCorr |
| 0.47 | HD | Home Depot | PairCorr |
| 0.45 | INTC | Intel | PairCorr |
| 0.44 | PG | Procter Gamble | PairCorr |
| 0.35 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.33 | CAT | Caterpillar Earnings Call Today | PairCorr |
Related Correlations Analysis
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIYRX | 0.13 | 0.02 | (0.23) | 1.38 | 0.00 | 0.34 | 0.91 | |||
| JDHYX | 0.16 | 0.02 | (0.18) | 0.18 | 0.00 | 0.41 | 0.95 | |||
| CYBAX | 0.10 | 0.01 | (0.42) | 6.79 | 0.00 | 0.24 | 0.80 | |||
| GHVIX | 0.10 | 0.01 | (0.29) | 0.14 | 0.00 | 0.24 | 0.70 | |||
| SEIYX | 0.14 | 0.02 | (0.15) | 0.34 | 0.00 | 0.40 | 1.20 | |||
| PYRLX | 0.09 | 0.02 | (0.34) | 1.16 | 0.00 | 0.24 | 0.55 | |||
| DNHYX | 0.12 | 0.01 | (0.28) | 0.16 | 0.00 | 0.23 | 0.70 |
Massmutual Select Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Massmutual Select mutual fund to make a market-neutral strategy. Peer analysis of Massmutual Select could also be used in its relative valuation, which is a method of valuing Massmutual Select by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Massmutual Select Small?
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