Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMBWX Fund  USD 14.92  0.03  0.20%   
The current 90-days correlation between Massmutual Select and Washington Mutual Investors is 0.86 (i.e., Very poor 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 T and DJI is 0.83 (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 T 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 T. 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 housing.

Moving together with Massmutual Mutual Fund

  0.72MMBRX Massmutual PremierPairCorr
  0.66MMBVX Massmutual SelectPairCorr
  0.65MMBUX Massmutual SelectPairCorr
  0.66MMBZX Massmutual SelectPairCorr
  0.67MMBYX Massmutual SelectPairCorr
  0.63MMCBX Massmutual PremierPairCorr
  0.72MMBDX Massmutual PremierPairCorr
  1.0MMBLX Massmutual PremierPairCorr
  0.98MMELX Massmutual Select MidPairCorr
  0.67MMDFX Massmutual SelectPairCorr
  0.67MMDDX Massmutual SelectPairCorr
  0.99MMDJX Massmutual SelectPairCorr
  0.99MMDHX Massmutual SelectPairCorr
  0.84MMDGX Massmutual SelectPairCorr
  0.84MMDMX Massmutual SelectPairCorr
  0.67MMDOX Massmutual SelectPairCorr
  0.67MMFZX Massmutual SelectPairCorr
  0.7MMFYX Massmutual Select FocusedPairCorr
  0.67MMFWX Massmutual SelectPairCorr
  0.67MMGEX Massmutual Select SmallPairCorr
  0.85MMFBX Massmutual SelectPairCorr
  0.85MMFFX Mm Sp 500PairCorr
  0.84MMFEX Massmutual SelectPairCorr
  1.0MMFDX Massmutual SelectPairCorr
  0.85MMFJX Massmutual SelectPairCorr
  0.67MMFHX Massmutual SelectPairCorr
  1.0MMFGX Massmutual SelectPairCorr
  0.67MMFLX Massmutual SelectPairCorr
  1.0MMFKX Massmutual SelectPairCorr
  0.84MMFRX Massmutual SelectPairCorr
  0.66MMFQX Massmutual SelectPairCorr
  0.99MMFPX Massmutual SelectPairCorr
  0.67MMFOX Massmutual SelectPairCorr
  0.8MMFVX Massmutual Select FocusedPairCorr
  0.99MMFUX Massmutual SelectPairCorr
  0.99MMFTX 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 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.

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