Massmutual Premier Correlations

Mutual Funds . USA . 
Fund . Massmutual Premier Inflation Protected
MPSAX Fund  USD 9.29  0.01  0.11%   
The current 90-days correlation between Massmutual Premier and Massmutual Advantage Funds is 0.02 (i.e., Significant diversification). The correlation of Massmutual Premier 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 Premier Correlation With Market

Modest diversification

The correlation between Massmutual Premier Inflation P and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier Inflation P 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 Premier Inflation Protected. 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

  0.75MMCBX Massmutual PremierPairCorr
  0.65MMJAX Massmutual RetiresmartPairCorr
  0.65MMJDX Massmutual AdvantagePairCorr
  0.66MMJCX Massmutual AdvantagePairCorr
  0.7MMNWX MmnwxPairCorr
  0.98MMODX MmodxPairCorr
  0.65MMZQX Massmutual ClintonPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Massmutual Mutual Fund performing well and Massmutual Premier 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 Premier'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
MMCBX  0.14  0.02 (0.21) 0.32  0.00 
(0.18)
 0.22 
(0.33)
 0.66 
MMELX  1.32  0.54  0.61  0.71  0.00 
(1.70)
 1.82 
(1.34)
 36.08 
MMGEX  2.03  1.15  0.90 (1.09) 0.00 
(2.63)
 2.25 
(1.79)
 59.87 
MMFFX  0.91  0.39  0.35 (0.73) 0.25 
(1.18)
 1.15 
(1.21)
 23.75 
MMIEX  0.84  0.35  0.29 (0.71) 0.31 
(1.08)
 1.15 
(1.27)
 20.60 
MMINX  0.95  0.35  0.40  0.61  0.12 
(1.23)
 1.17 
(1.23)
 25.99 
MMIZX  0.85  0.36  0.31 (0.72) 0.31 
(1.09)
 1.18 
(1.23)
 21.12 
MMJAX  0.09  0.00 (0.20) 0.00  0.00 
(0.15)
 0.21 
(0.10)
 0.63 
MMJDX  0.06  0.02 (0.41) 15.65  0.00 
(0.13)
 0.20 
(0.10)
 0.40 
MMJCX  0.09  0.03 (0.20)(1.96) 0.00 
(0.15)
 0.21 
(0.10)
 0.73 

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