Massmutual Select Correlations
MMFKX Fund | USD 15.25 0.04 0.26% |
The current 90-days correlation between Massmutual Select and Franklin Moderate Allocation is 0.93 (i.e., Almost no 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 0.89 (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.
Massmutual |
Moving together with Massmutual Mutual Fund
0.99 | MMBRX | Massmutual Premier | PairCorr |
1.0 | MMBVX | Massmutual Select | PairCorr |
0.63 | MMBUX | Massmutual Select | PairCorr |
1.0 | MMBZX | Massmutual Select | PairCorr |
1.0 | MMBYX | Massmutual Select | PairCorr |
1.0 | MMBWX | Massmutual Select | PairCorr |
0.85 | MMCBX | Massmutual Premier | PairCorr |
0.79 | MMBEX | Massmutual Select | PairCorr |
0.99 | MMBDX | Massmutual Premier | PairCorr |
0.99 | MMBLX | Massmutual Premier | PairCorr |
0.99 | MMELX | Massmutual Select Mid | PairCorr |
1.0 | MMDFX | Massmutual Select | PairCorr |
1.0 | MMDDX | Massmutual Select | PairCorr |
1.0 | MMDJX | Massmutual Select | PairCorr |
1.0 | MMDHX | Massmutual Select | PairCorr |
1.0 | MMDGX | Massmutual Select | PairCorr |
1.0 | MMDMX | Massmutual Select | PairCorr |
1.0 | MMDKX | Massmutual Select | PairCorr |
1.0 | MMDOX | Massmutual Select | PairCorr |
1.0 | MMFZX | Massmutual Select | PairCorr |
0.98 | MMFYX | Massmutual Select Focused | PairCorr |
1.0 | MMFWX | Massmutual Select | PairCorr |
0.99 | MMGEX | Massmutual Select Small | PairCorr |
1.0 | MMFBX | Massmutual Select | PairCorr |
0.99 | MMFFX | Mm Sp 500 | PairCorr |
1.0 | MMFEX | Massmutual Select | PairCorr |
1.0 | MMFDX | Massmutual Select | PairCorr |
1.0 | MMFJX | Massmutual Select | PairCorr |
1.0 | MMFHX | Massmutual Select | PairCorr |
1.0 | MMFGX | Massmutual Select | PairCorr |
1.0 | MMFLX | Massmutual Select | PairCorr |
1.0 | MMFRX | Massmutual Select | PairCorr |
1.0 | MMFQX | Massmutual Select | PairCorr |
1.0 | MMFPX | Massmutual Select | PairCorr |
1.0 | MMFOX | Massmutual Select | PairCorr |
0.98 | MMFVX | Massmutual Select Focused | PairCorr |
1.0 | MMFUX | Massmutual Select | PairCorr |
1.0 | MMFTX | Massmutual Select | PairCorr |
Related Correlations Analysis
1.0 | 1.0 | 0.99 | 0.75 | 0.99 | FMTIX | ||
1.0 | 1.0 | 0.99 | 0.75 | 1.0 | OWLSX | ||
1.0 | 1.0 | 1.0 | 0.75 | 1.0 | PLAAX | ||
0.99 | 0.99 | 1.0 | 0.74 | 0.99 | AMONX | ||
0.75 | 0.75 | 0.75 | 0.74 | 0.76 | GBAYX | ||
0.99 | 1.0 | 1.0 | 0.99 | 0.76 | UPAAX | ||
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FMTIX | 0.36 | 0.07 | 0.01 | 0.29 | 0.11 | 1.23 | 2.41 | |||
OWLSX | 0.48 | 0.12 | 0.11 | 0.33 | 0.24 | 1.45 | 3.37 | |||
PLAAX | 0.66 | 0.11 | 0.11 | 0.26 | 0.51 | 1.94 | 4.32 | |||
AMONX | 0.73 | 0.15 | 0.14 | 0.29 | 0.55 | 2.22 | 4.88 | |||
GBAYX | 0.28 | 0.14 | 0.01 | (2.83) | 0.00 | 1.02 | 2.00 | |||
UPAAX | 1.42 | 0.33 | 0.23 | 0.31 | 1.15 | 4.24 | 10.19 |