Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMDJX Fund  USD 18.46  0.07  0.38%   
The current 90-days correlation between Massmutual Select and Adams Diversified Equity is 0.89 (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

Good diversification

The correlation between Massmutual Select T and DJI is -0.1 (i.e., Good 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 inflation.

Moving together with Massmutual Mutual Fund

  0.98MMBRX Massmutual PremierPairCorr
  0.99MMBUX Massmutual SelectPairCorr
  0.99MMBZX Massmutual SelectPairCorr
  1.0MMBYX Massmutual SelectPairCorr
  0.82MMCBX Massmutual PremierPairCorr
  0.76MMBEX Massmutual SelectPairCorr
  0.99MMBDX Massmutual PremierPairCorr
  0.97MMELX Massmutual Select MidPairCorr
  1.0MMDFX Massmutual SelectPairCorr
  1.0MMDDX Massmutual SelectPairCorr
  0.98MMDHX Massmutual SelectPairCorr
  0.98MMDMX Massmutual SelectPairCorr
  1.0MMFZX Massmutual SelectPairCorr
  1.0MMGEX Massmutual Select SmallPairCorr
  0.98MMFBX Massmutual SelectPairCorr
  0.98MMFFX Mm Sp 500PairCorr
  0.98MMFEX Massmutual SelectPairCorr
  1.0MMFDX Massmutual SelectPairCorr
  0.98MMFJX Massmutual SelectPairCorr
  1.0MMFGX Massmutual SelectPairCorr
  1.0MMFLX Massmutual SelectPairCorr
  1.0MMFKX Massmutual SelectPairCorr
  1.0MMFPX Massmutual SelectPairCorr
  0.97MMFVX Massmutual Select FocusedPairCorr
  1.0MMFUX Massmutual SelectPairCorr
  1.0MMFTX Massmutual SelectPairCorr
  0.9MMIAX Massmutual PremierPairCorr
  0.98MMIEX Mm Sp 500PairCorr
  0.98MMIUX Massmutual SelectPairCorr
  1.0MMIZX Mm Sp 500PairCorr
  1.0MMLRX Massmutual SelectPairCorr
  0.97MMNGX MmngxPairCorr

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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