Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMBYX Fund  USD 14.96  0.01  0.07%   
The current 90-days correlation between Massmutual Select and California Municipal Portfolio is 0.39 (i.e., Weak 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 0.87 (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 manufacturing.

Moving together with Massmutual Mutual Fund

  0.99MMBRX Massmutual PremierPairCorr
  1.0MMBVX Massmutual SelectPairCorr
  0.98MMBUX Massmutual SelectPairCorr
  1.0MMBZX Massmutual SelectPairCorr
  1.0MMBWX Massmutual SelectPairCorr
  0.86MMCBX Massmutual PremierPairCorr
  0.8MMBEX Massmutual SelectPairCorr
  0.99MMBDX Massmutual PremierPairCorr
  0.99MMBLX Massmutual PremierPairCorr
  0.98MMELX Massmutual Select MidPairCorr
  0.99MMDFX Massmutual SelectPairCorr
  0.99MMDDX Massmutual SelectPairCorr
  1.0MMDJX Massmutual SelectPairCorr
  0.99MMDHX Massmutual SelectPairCorr
  0.99MMDGX Massmutual SelectPairCorr
  0.99MMDMX Massmutual SelectPairCorr
  0.99MMDOX Massmutual SelectPairCorr
  0.99MMFZX Massmutual SelectPairCorr
  0.97MMFYX Massmutual Select FocusedPairCorr
  1.0MMFWX Massmutual SelectPairCorr
  0.99MMGEX Massmutual Select SmallPairCorr
  1.0MMFBX Massmutual SelectPairCorr
  0.99MMFFX Mm Sp 500PairCorr
  1.0MMFEX Massmutual SelectPairCorr
  1.0MMFDX Massmutual SelectPairCorr
  1.0MMFJX Massmutual SelectPairCorr
  0.99MMFHX Massmutual SelectPairCorr
  1.0MMFGX Massmutual SelectPairCorr
  1.0MMFLX Massmutual SelectPairCorr
  1.0MMFKX Massmutual SelectPairCorr
  1.0MMFRX Massmutual SelectPairCorr
  1.0MMFQX Massmutual SelectPairCorr
  1.0MMFPX Massmutual SelectPairCorr
  1.0MMFOX Massmutual SelectPairCorr
  0.97MMFVX Massmutual Select FocusedPairCorr
  1.0MMFUX Massmutual SelectPairCorr
  1.0MMFTX Massmutual SelectPairCorr
  0.89MMIAX Massmutual PremierPairCorr

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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