Massmutual Premier Correlations

Mutual Funds . USA . 
Fund . Massmutual Premier Small
MSVYX Fund  USD 18.38  0.16  0.86%   
The current 90-days correlation between Massmutual Premier Small and Massmutual Select Mid is 0.37 (i.e., Weak 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

Average diversification

The correlation between Massmutual Premier Small and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier 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 Premier 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 manufacturing.

Moving together with Massmutual Mutual Fund

  0.91MLUAX Massmutual Select MidPairCorr
  0.91MLUFX Massmutual Select MidPairCorr
  0.91MLUNX Massmutual Select MidPairCorr
  0.91MLULX Massmutual Select MidPairCorr
  0.91MLUSX Massmutual Select MidPairCorr
  0.91MLUZX Massmutual Select MidPairCorr
  0.91MLUYX Massmutual Select MidPairCorr
  0.93MMBRX Massmutual PremierPairCorr
  0.69MMBVX Massmutual SelectPairCorr
  0.91MMBUX Massmutual SelectPairCorr
  0.73MMBZX Massmutual SelectPairCorr
  0.72MMBYX Massmutual SelectPairCorr
  0.7MMBWX Massmutual SelectPairCorr
  0.76MMCBX Massmutual PremierPairCorr
  0.88MMARX Massmutual RetiresmartPairCorr
  0.93MMBDX Massmutual PremierPairCorr
  0.93MMBLX Massmutual PremierPairCorr
  0.95MMELX Massmutual Select MidPairCorr
  0.9MMDFX Massmutual SelectPairCorr
  0.9MMDDX Massmutual SelectPairCorr
  0.91MMDJX Massmutual SelectPairCorr
  0.89MMDHX Massmutual SelectPairCorr
  0.9MMDGX Massmutual SelectPairCorr
  0.91MMDMX Massmutual SelectPairCorr
  0.91MMDKX Massmutual SelectPairCorr
  0.91MMDOX Massmutual SelectPairCorr
  0.91MMFZX Massmutual SelectPairCorr
  0.9MMFYX Massmutual Select FocusedPairCorr
  0.91MMFWX Massmutual SelectPairCorr
  0.97MMGEX Massmutual Select SmallPairCorr
  0.7MMFBX Massmutual SelectPairCorr
  0.89MMFFX Mm Sp 500PairCorr
  0.73MMFEX Massmutual SelectPairCorr
  0.69MMFDX Massmutual SelectPairCorr
  0.72MMFJX Massmutual SelectPairCorr
  0.7MMFHX Massmutual SelectPairCorr
  0.71MMFGX Massmutual SelectPairCorr
  0.74MMFLX Massmutual SelectPairCorr
  0.73MMFKX Massmutual SelectPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
MLUAX  0.76 (0.23) 0.00 (0.45) 0.00 
 0.00 
 1.17 
(1.45)
 13.02 
MLUFX  0.77 (0.23) 0.00 (0.45) 0.00 
 0.00 
 1.12 
(1.48)
 13.24 
MLUNX  0.77 (0.24) 0.00 (0.46) 0.00 
 0.00 
 1.12 
(1.49)
 13.17 
MLULX  0.75 (0.22) 0.00 (0.45) 0.00 
 0.00 
 1.22 
(1.49)
 12.68 
MLUSX  0.77 (0.23) 0.00 (0.44) 0.00 
 0.00 
 1.25 
(1.44)
 12.79 
MLUZX  0.77 (0.23) 0.00 (0.45) 0.00 
 0.00 
 1.19 
(1.47)
 13.09 
MLUYX  0.77 (0.23) 0.00 (0.44) 0.00 
 0.00 
 1.18 
(1.37)
 13.07 
MMBRX  0.48 (0.10) 0.00 (0.24) 0.00 
 0.00 
 0.80 
(1.09)
 6.58 
MMBVX  0.27  0.00 (0.17) 0.07  0.37 
(0.28)
 0.56 
(0.63)
 2.45 
MMBUX  1.05 (0.29) 0.00 (0.27) 0.00 
 0.00 
 1.45 
(1.40)
 22.86 

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