Massmutual Select Correlations

MSGSX Fund  USD 16.04  0.04  0.25%   
The current 90-days correlation between Massmutual Select Small and Siit High Yield is -0.13 (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 poor diversification

The correlation between Massmutual Select Small and DJI is 0.87 (i.e., Very poor 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 main economic indicators.

Moving together with Massmutual Mutual Fund

  0.69MMCBX Massmutual PremierPairCorr
  0.96MMELX Massmutual Select MidPairCorr
  0.99MMGEX Massmutual Select SmallPairCorr
  0.98MMFFX Mm Sp 500PairCorr
  0.96MMIEX Mm Sp 500PairCorr
  0.95MMINX Mm Sp 500PairCorr
  0.96MMIZX Mm Sp 500PairCorr
  0.79MMJAX Massmutual RetiresmartPairCorr
  0.77MMJDX Massmutual AdvantagePairCorr
  0.76MMJCX Massmutual AdvantagePairCorr
  0.89MMNBX MmnbxPairCorr
  0.97MMOJX MmojxPairCorr
  0.98MMNJX MmnjxPairCorr
  0.96MMNGX MmngxPairCorr
  0.72MMNWX MmnwxPairCorr
  0.76MMZQX Massmutual ClintonPairCorr
  0.76MMZVX Massmutual ClintonPairCorr
  0.95DLBMX Massmutual Premier SmallPairCorr
  0.89DLHYX Massmutual Premier HighPairCorr
  0.95MOORX Massmutual Premier SmallPairCorr
  0.99MOSNX Massmutual SelectPairCorr
  0.97MOSLX Massmutual SelectPairCorr
  0.93MOSSX Massmutual SelectPairCorr
  0.97MOSYX Massmutual SelectPairCorr
  0.97MOSAX Massmutual SelectPairCorr
  0.99MOSFX Massmutual SelectPairCorr
  0.88MPHAX Massmutual Premier HighPairCorr
  0.89MPHLX Massmutual Premier HighPairCorr
  0.89MPHNX Massmutual Prem HighPairCorr
  0.88MPHSX Massmutual Premier HighPairCorr
  0.89MPHRX Massmutual Premier HighPairCorr
  0.88MPHZX Massmutual Premier HighPairCorr
  0.82BXDLX Massmutual Short-durationPairCorr
  0.83MSBYX Massmutual PremierPairCorr
  0.8MSDNX Massmutual PremierPairCorr
  0.95MSCDX Massmutual Premier SmallPairCorr
  0.97MSCLX Massmutual Premier SmallPairCorr

Moving against Massmutual Mutual Fund

  0.97MMZMX MmzmxPairCorr

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.