Massmutual Premier Funds Fund Market Value
| MKSXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Massmutual |
Please note, there is a significant difference between Massmutual Premier's value and its price as these two are different measures arrived at by different means. Investors typically determine if Massmutual Premier is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Massmutual Premier's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Massmutual Premier '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 Premier's money market 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 Premier.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Massmutual Premier on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Massmutual Premier Funds or generate 0.0% return on investment in Massmutual Premier over 720 days. Massmutual Premier is related to or competes with Legg Mason, Gmo Us, Pace Large, T Rowe, Federated Mdt, and Enhanced. Massmutual Premier is entity of United States More
Massmutual Premier 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 Premier's money market 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 Premier Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.76) | |||
| Maximum Drawdown | 1.01 |
Massmutual Premier Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Massmutual Premier's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Massmutual Premier's standard deviation. In reality, there are many statistical measures that can use Massmutual Premier historical prices to predict the future Massmutual Premier's volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.0096 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Massmutual Premier'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 Premier Funds Backtested Returns
At this stage we consider Massmutual Money Market Fund to be not too volatile. Massmutual Premier Funds has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Massmutual Premier, which you can use to evaluate the volatility of the fund. Please verify Massmutual Premier's Standard Deviation of 0.1243, mean deviation of 0.0301, and Risk Adjusted Performance of 0.0425 to check out if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund secures a Beta (Market Risk) of -0.0432, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Massmutual Premier are expected to decrease at a much lower rate. During the bear market, Massmutual Premier is likely to outperform the market.
Auto-correlation | 0.45 |
Average predictability
Massmutual Premier Funds has average predictability. Overlapping area represents the amount of predictability between Massmutual Premier time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Premier Funds price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Massmutual Premier price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Massmutual Premier Funds lagged returns against current returns
Autocorrelation, which is Massmutual Premier money market 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 Premier's money market fund expected returns. We can calculate the autocorrelation of Massmutual Premier returns to help us make a trade decision. For example, suppose you find that Massmutual Premier has exhibited high autocorrelation historically, and you observe that the money market 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 Premier 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 Premier money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Massmutual Premier money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Massmutual Premier money market fund over time.
Current vs Lagged Prices |
| Timeline |
Massmutual Premier Lagged Returns
When evaluating Massmutual Premier's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Massmutual Premier money market fund have on its future price. Massmutual Premier 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 Premier autocorrelation shows the relationship between Massmutual Premier money market fund current value and its past values and can show if there is a momentum factor associated with investing in Massmutual Premier Funds.
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 Money Market Fund
Massmutual Premier financial ratios help investors to determine whether Massmutual Money Market 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 Premier security.
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