Massmutual Select Blue Fund Market Value
| MBCSX Fund | USD 23.48 0.01 0.04% |
| Symbol | Massmutual |
Massmutual Select 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Massmutual Select's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Massmutual Select.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Massmutual Select on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Massmutual Select Blue or generate 0.0% return on investment in Massmutual Select over 360 days. Massmutual Select is related to or competes with Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, and Massmutual Select. Under normal circumstances, the fund invests at least 80 percent of net assets in the common stocks of large- and medium... More
Massmutual Select Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Massmutual Select's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Massmutual Select Blue upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.38 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 1.6 |
Massmutual Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Massmutual Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Massmutual Select's standard deviation. In reality, there are many statistical measures that can use Massmutual Select historical prices to predict the future Massmutual Select's volatility.| Risk Adjusted Performance | (0.0005) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Massmutual Select's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Massmutual Select Blue Backtested Returns
Massmutual Select Blue has Sharpe Ratio of -0.0122, which conveys that the entity had a -0.0122% return per unit of risk over the last 3 months. Massmutual Select exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Massmutual Select's Mean Deviation of 0.9167, risk adjusted performance of (0.0005), and Standard Deviation of 1.75 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 1.01, which conveys a somewhat significant risk relative to the market. Massmutual Select returns are very sensitive to returns on the market. As the market goes up or down, Massmutual Select is expected to follow.
Auto-correlation | -0.48 |
Modest reverse predictability
Massmutual Select Blue has modest reverse predictability. Overlapping area represents the amount of predictability between Massmutual Select time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Massmutual Select Blue price movement. The serial correlation of -0.48 indicates that about 48.0% of current Massmutual Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Massmutual Select Blue lagged returns against current returns
Autocorrelation, which is Massmutual Select mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Massmutual Select's mutual fund expected returns. We can calculate the autocorrelation of Massmutual Select returns to help us make a trade decision. For example, suppose you find that Massmutual Select has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Massmutual Select regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Massmutual Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Massmutual Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Massmutual Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Massmutual Select Lagged Returns
When evaluating Massmutual Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Massmutual Select mutual fund have on its future price. Massmutual Select autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Massmutual Select autocorrelation shows the relationship between Massmutual Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Massmutual Select Blue.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Massmutual Mutual Fund
Massmutual Select financial ratios help investors to determine whether Massmutual Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Massmutual with respect to the benefits of owning Massmutual Select security.
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |