Massmutual Retiresmart Correlations

MRGYX Fund  USD 11.05  0.05  0.45%   
The current 90-days correlation between Massmutual Retiresmart and Massmutual Select Mid is 0.83 (i.e., Very poor 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

Very poor diversification

The correlation between Massmutual Retiresmart Growth and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Retiresmart Growth 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 Growth. 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 manufacturing.

Moving together with Massmutual Mutual Fund

  0.87MLUAX Massmutual Select MidPairCorr
  0.87MLUFX Massmutual Select MidPairCorr
  0.87MLUNX Massmutual Select MidPairCorr
  0.87MLULX Massmutual Select MidPairCorr
  0.87MLUSX Massmutual Select MidPairCorr
  0.87MLUZX Massmutual Select MidPairCorr
  0.87MLUYX Massmutual Select MidPairCorr
  0.97MMBRX Massmutual PremierPairCorr
  0.93MMBVX Massmutual SelectPairCorr
  0.88MMBUX Massmutual SelectPairCorr
  0.91MMBZX Massmutual SelectPairCorr
  0.92MMBYX Massmutual SelectPairCorr
  0.93MMBWX Massmutual SelectPairCorr
  0.98MMARX Massmutual RetiresmartPairCorr
  0.91MMBDX Massmutual PremierPairCorr
  0.97MMBLX Massmutual PremierPairCorr
  0.92MMELX Massmutual Select MidPairCorr
  0.99MMDFX Massmutual SelectPairCorr
  0.99MMDDX Massmutual SelectPairCorr
  0.99MMDJX Massmutual SelectPairCorr
  0.99MMDHX Massmutual SelectPairCorr
  0.99MMDGX Massmutual SelectPairCorr
  0.99MMDMX Massmutual SelectPairCorr
  0.99MMDKX Massmutual SelectPairCorr
  0.99MMDOX Massmutual SelectPairCorr
  0.99MMFZX Massmutual SelectPairCorr
  0.72MMFYX Massmutual Select FocusedPairCorr
  0.99MMFWX Massmutual SelectPairCorr
  0.91MMGEX Massmutual Select SmallPairCorr
  0.94MMFBX Massmutual SelectPairCorr
  0.93MMFFX Mm Sp 500PairCorr
  0.93MMFEX Massmutual SelectPairCorr
  0.94MMFDX Massmutual SelectPairCorr

Moving against Massmutual Mutual Fund

  0.71MMAAX Massmutual Select GrowthPairCorr
  0.71MMANX Massmutual Select GrowthPairCorr
  0.4MMCBX Massmutual PremierPairCorr
  0.7MMAZX Massmutual Select GrowthPairCorr
  0.36MMBEX Massmutual SelectPairCorr
  0.71MMGFX Massmutual Select GrowthPairCorr

Related Correlations Analysis

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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   
MLUFXMLUAX
MLUNXMLUAX
MLULXMLUAX
MLUSXMLUAX
MLUZXMLUAX
MLUYXMLUAX
  
High negative correlations   
MMBRXMMAAX
MMBVXMMAAX
MMAAXMLUSX
MMAAXMLUYX
MMAAXMLUZX
MMAAXMLULX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MLUAX  0.54 (0.01)(0.06) 0.12  0.45 
 1.10 
 3.27 
MLUFX  0.54  0.00 (0.06) 0.12  0.45 
 1.10 
 3.18 
MLUNX  0.53  0.00 (0.06) 0.12  0.44 
 1.05 
 3.27 
MLULX  0.53  0.00 (0.06) 0.12  0.44 
 1.08 
 3.19 
MLUSX  0.54  0.00 (0.05) 0.12  0.46 
 1.10 
 3.25 
MLUZX  0.54  0.00 (0.05) 0.12  0.44 
 1.12 
 3.23 
MLUYX  0.54  0.00 (0.06) 0.12  0.44 
 1.11 
 3.21 
MMAAX  1.19 (0.47) 0.00  2.46  0.00 
 1.16 
 37.34 
MMBRX  0.36 (0.01)(0.15) 0.11  0.36 
 0.77 
 2.00 
MMBVX  0.25 (0.02)(0.28) 0.08  0.26 
 0.48 
 1.36