Massmutual Select Correlations

MSGZX Fund  USD 16.58  0.08  0.48%   
The current 90-days correlation between Massmutual Select Small and Fisher Fixed Income is 0.09 (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

Very poor diversification

The correlation between Massmutual Select Small and DJI is 0.88 (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 nation.

Moving together with Massmutual Mutual Fund

  0.69MMCBX Massmutual PremierPairCorr
  0.98MMELX Massmutual Select MidPairCorr
  0.97MMGEX Massmutual Select SmallPairCorr
  0.96MMFFX Mm Sp 500PairCorr
  0.98MMIEX Mm Sp 500PairCorr
  0.98MMINX Mm Sp 500PairCorr
  0.98MMIZX Mm Sp 500PairCorr
  0.78MMJAX Massmutual RetiresmartPairCorr
  0.76MMJDX Massmutual AdvantagePairCorr
  0.74MMJCX Massmutual AdvantagePairCorr
  0.91MMNBX MmnbxPairCorr
  0.99MMOJX MmojxPairCorr
  1.0MMNJX MmnjxPairCorr
  0.99MMNGX MmngxPairCorr
  0.71MMNWX MmnwxPairCorr
  0.75MMZQX Massmutual ClintonPairCorr
  0.76MMZVX Massmutual ClintonPairCorr
  0.99DLBMX Massmutual Premier SmallPairCorr
  0.89DLHYX Massmutual Premier HighPairCorr
  0.97MOORX Massmutual Premier SmallPairCorr
  0.97MOSNX Massmutual SelectPairCorr
  0.97MOSLX Massmutual SelectPairCorr
  0.93MOSSX Massmutual SelectPairCorr
  0.97MOSZX Massmutual SelectPairCorr
  0.99MOSYX Massmutual SelectPairCorr
  0.97MOSAX Massmutual SelectPairCorr
  0.97MOSFX Massmutual SelectPairCorr
  0.88MPHAX Massmutual Premier HighPairCorr
  0.89MPHLX Massmutual Premier HighPairCorr
  0.88MPHNX Massmutual Prem HighPairCorr
  0.88MPHSX Massmutual Premier HighPairCorr
  0.89MPHRX Massmutual Premier HighPairCorr
  0.89MPHZX Massmutual Premier HighPairCorr
  0.83MPSDX Massmutual PremierPairCorr
  0.81BXDLX Massmutual Short-durationPairCorr
  0.83MSBYX Massmutual PremierPairCorr
  0.79MSDNX Massmutual PremierPairCorr

Moving against Massmutual Mutual Fund

  0.95MMZMX 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.