Massmutual Advantage Funds Fund Market Value
| MMJDX Fund | 10.04 0.01 0.1% |
| Symbol | Massmutual |
Massmutual Advantage '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 Advantage'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 Advantage.
| 01/24/2025 |
| 01/19/2026 |
If you would invest 0.00 in Massmutual Advantage on January 24, 2025 and sell it all today you would earn a total of 0.00 from holding Massmutual Advantage Funds or generate 0.0% return on investment in Massmutual Advantage over 360 days. Massmutual Advantage is related to or competes with Ab High, Saat Tax, Fidelity American, T Rowe, Ladenburg Aggressive, and Multi-manager High. Under normal circumstances, the fund invests at least 80 percent of its net assets in municipal debt securities, the inc... More
Massmutual Advantage 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 Advantage'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 Advantage Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1086 | |||
| Information Ratio | (1.17) | |||
| Maximum Drawdown | 0.3022 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1998 |
Massmutual Advantage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Massmutual Advantage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Massmutual Advantage's standard deviation. In reality, there are many statistical measures that can use Massmutual Advantage historical prices to predict the future Massmutual Advantage's volatility.| Risk Adjusted Performance | 0.0913 | |||
| Jensen Alpha | 0.0073 | |||
| Total Risk Alpha | (0.0009) | |||
| Sortino Ratio | (0.76) | |||
| Treynor Ratio | 0.7705 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Massmutual Advantage'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 Advantage Backtested Returns
At this stage we consider Massmutual Mutual Fund to be very steady. Massmutual Advantage has Sharpe Ratio of 0.23, which conveys that the entity had a 0.23 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Massmutual Advantage, which you can use to evaluate the volatility of the fund. Please verify Massmutual Advantage's Coefficient Of Variation of 385.08, mean deviation of 0.0495, and Risk Adjusted Performance of 0.0913 to check out if the risk estimate we provide is consistent with the expected return of 0.0162%. The fund secures a Beta (Market Risk) of 0.0107, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Massmutual Advantage's returns are expected to increase less than the market. However, during the bear market, the loss of holding Massmutual Advantage is expected to be smaller as well.
Auto-correlation | 0.02 |
Virtually no predictability
Massmutual Advantage Funds has virtually no predictability. Overlapping area represents the amount of predictability between Massmutual Advantage time series from 24th of January 2025 to 23rd of July 2025 and 23rd of July 2025 to 19th of January 2026. 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 Advantage price movement. The serial correlation of 0.02 indicates that only 2.0% of current Massmutual Advantage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Massmutual Advantage lagged returns against current returns
Autocorrelation, which is Massmutual Advantage 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 Advantage's mutual fund expected returns. We can calculate the autocorrelation of Massmutual Advantage returns to help us make a trade decision. For example, suppose you find that Massmutual Advantage 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 Advantage 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 Advantage mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Massmutual Advantage 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 Advantage mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Massmutual Advantage Lagged Returns
When evaluating Massmutual Advantage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Massmutual Advantage mutual fund have on its future price. Massmutual Advantage 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 Advantage autocorrelation shows the relationship between Massmutual Advantage mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Massmutual Advantage 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 Mutual Fund
Massmutual Advantage 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 Advantage security.
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