Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select Focused
MMFYX Fund  USD 16.93  0.01  0.06%   
The current 90-days correlation between Massmutual Select Focused and Ab Small Cap is -0.41 (i.e., Very 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

Almost no diversification

The correlation between Massmutual Select Focused and DJI is 0.98 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select Focused 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 Focused. 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
  0.94MMBUX Massmutual SelectPairCorr
  0.95MMBZX Massmutual SelectPairCorr
  0.95MMBYX Massmutual SelectPairCorr
  0.95MMBWX Massmutual SelectPairCorr
  0.73MMCBX Massmutual PremierPairCorr
  0.69MMBEX Massmutual SelectPairCorr
  0.99MMBDX Massmutual PremierPairCorr
  0.99MMBLX Massmutual PremierPairCorr
  0.99MMELX Massmutual Select MidPairCorr
  0.95MMDFX Massmutual SelectPairCorr
  0.95MMDDX Massmutual SelectPairCorr
  0.95MMDJX Massmutual SelectPairCorr
  0.95MMDHX Massmutual SelectPairCorr
  0.95MMDGX Massmutual SelectPairCorr
  0.95MMDMX Massmutual SelectPairCorr
  0.99MMDOX Massmutual SelectPairCorr
  0.95MMFZX Massmutual SelectPairCorr
  0.95MMFWX Massmutual SelectPairCorr
  0.95MMGEX Massmutual Select SmallPairCorr
  0.95MMFBX Massmutual SelectPairCorr
  0.99MMFFX Mm Sp 500PairCorr
  0.95MMFEX Massmutual SelectPairCorr
  0.95MMFDX Massmutual SelectPairCorr
  0.95MMFJX Massmutual SelectPairCorr
  0.95MMFGX Massmutual SelectPairCorr
  0.95MMFLX Massmutual SelectPairCorr
  0.95MMFKX Massmutual SelectPairCorr
  0.95MMFRX Massmutual SelectPairCorr
  0.95MMFPX Massmutual SelectPairCorr
  0.95MMFVX Massmutual Select FocusedPairCorr
  0.95MMFUX Massmutual SelectPairCorr
  0.95MMFTX Massmutual SelectPairCorr
  0.9MMIAX Massmutual PremierPairCorr
  0.95MMIEX Mm Sp 500PairCorr
  0.99MMINX Mm Sp 500PairCorr
  0.93MMIUX Massmutual SelectPairCorr

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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