Massmutual Select Correlations

MMFEX Fund  USD 14.15  0.03  0.21%   
The current 90-days correlation between Massmutual Select and Massmutual Premier Balanced is 0.09 (i.e., Significant 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

Significant diversification

The correlation between Massmutual Select T and DJI is 0.04 (i.e., Significant 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 income.

Moving together with Massmutual Mutual Fund

  0.97MMBRX Massmutual PremierPairCorr
  0.99MMBVX Massmutual SelectPairCorr
  0.97MMBUX Massmutual SelectPairCorr
  0.99MMBZX Massmutual SelectPairCorr
  0.99MMBYX Massmutual SelectPairCorr
  0.99MMBWX Massmutual SelectPairCorr
  0.85MMCBX Massmutual PremierPairCorr
  0.8MMBEX Massmutual SelectPairCorr
  0.98MMBDX Massmutual PremierPairCorr
  0.98MMBLX Massmutual PremierPairCorr
  0.96MMELX Massmutual Select MidPairCorr
  0.98MMDFX Massmutual SelectPairCorr
  0.98MMDDX Massmutual SelectPairCorr
  0.98MMDJX Massmutual SelectPairCorr
  0.97MMDHX Massmutual SelectPairCorr
  1.0MMDGX Massmutual SelectPairCorr
  0.97MMDMX Massmutual SelectPairCorr
  0.98MMDKX Massmutual SelectPairCorr
  0.97MMDOX Massmutual SelectPairCorr
  0.98MMFZX Massmutual SelectPairCorr
  0.95MMFYX Massmutual Select FocusedPairCorr
  0.97MMFWX Massmutual SelectPairCorr
  0.98MMGEX Massmutual Select SmallPairCorr
  0.97MMFBX Massmutual SelectPairCorr
  0.97MMFFX Mm Sp 500PairCorr
  0.99MMFDX Massmutual SelectPairCorr
  0.98MMFJX Massmutual SelectPairCorr
  0.99MMFHX Massmutual SelectPairCorr
  0.99MMFGX Massmutual SelectPairCorr
  0.99MMFLX Massmutual SelectPairCorr
  0.99MMFKX Massmutual SelectPairCorr
  0.97MMFRX Massmutual SelectPairCorr
  0.97MMFQX Massmutual SelectPairCorr
  0.98MMFPX Massmutual SelectPairCorr
  0.97MMFOX Massmutual SelectPairCorr
  0.94MMFVX Massmutual Select FocusedPairCorr
  0.98MMFUX Massmutual SelectPairCorr
  0.98MMFTX Massmutual SelectPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
MMBZXMMBVX
MMBYXMMBVX
MMBWXMMBVX
MMBYXMMBZX
MMBWXMMBZX
MMBWXMMBYX
  
High negative correlations   
MMBDXMMARX
MMBEXMMARX
MMARXMMCBX
MMARXMMBWX
MMARXMMBYX
MMARXMMBZX

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MMBRX  0.42  0.03 (0.04) 0.18  0.38 
 1.11 
 2.93 
MMBVX  0.23  0.10 (0.09)(2.63) 0.00 
 0.72 
 1.69 
MMBUX  0.75  0.24  0.08 (1.34) 0.72 
 1.89 
 5.99 
MMBZX  0.23  0.10 (0.09)(3.32) 0.00 
 0.76 
 1.68 
MMBYX  0.24  0.10 (0.10)(2.78) 0.00 
 0.76 
 1.69 
MMBWX  0.24  0.10 (0.09)(3.14) 0.00 
 0.76 
 1.69 
MMCBX  0.25  0.04 (0.30)(1.56) 0.16 
 0.57 
 1.27 
MMARX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MMBEX  0.18  0.03 (0.46)(2.52) 0.00 
 0.46 
 1.05 
MMBDX  0.43  0.13 (0.01)(1.62) 0.38 
 1.08 
 2.86