Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMDFX Fund  USD 17.65  0.07  0.40%   
The current 90-days correlation between Massmutual Select and Ab Global Risk is -0.14 (i.e., Good 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 0.81 (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 census.

Moving together with Massmutual Mutual Fund

  0.83MMBRX Massmutual PremierPairCorr
  0.99MMBUX Massmutual SelectPairCorr
  0.99MMBZX Massmutual SelectPairCorr
  0.99MMBYX Massmutual SelectPairCorr
  0.78MMCBX Massmutual PremierPairCorr
  0.7MMBEX Massmutual SelectPairCorr
  1.0MMBDX Massmutual PremierPairCorr
  1.0MMDDX Massmutual SelectPairCorr
  0.66MMDJX Massmutual SelectPairCorr
  0.66MMDHX Massmutual SelectPairCorr
  0.66MMDMX Massmutual SelectPairCorr
  1.0MMFZX Massmutual SelectPairCorr
  0.99MMGEX Massmutual Select SmallPairCorr
  0.66MMFBX Massmutual SelectPairCorr
  0.65MMFEX Massmutual SelectPairCorr
  0.66MMFJX Massmutual SelectPairCorr
  0.65MMFGX Massmutual SelectPairCorr
  1.0MMFLX Massmutual SelectPairCorr
  0.66MMFPX Massmutual SelectPairCorr
  0.7MMFVX Massmutual Select FocusedPairCorr
  0.66MMFUX Massmutual SelectPairCorr
  0.71MMIAX Massmutual PremierPairCorr
  0.72MMIEX Mm Sp 500PairCorr
  1.0MMIZX Mm Sp 500PairCorr
  0.71MMLRX Massmutual SelectPairCorr
  0.66MMNGX MmngxPairCorr
  0.67MMSVX Massmutual SelectPairCorr
  0.66MMTIX Massmutual SelectPairCorr
  0.62MMVFX Massmutual Select SmallPairCorr

Related Correlations Analysis

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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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