Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMIUX Fund  USD 12.16  0.01  0.08%   
The current 90-days correlation between Massmutual Select and Multimanager Lifestyle Moderate is 0.8 (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

Poor diversification

The correlation between Massmutual Select T and DJI is 0.71 (i.e., 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 employment.

Moving together with Massmutual Mutual Fund

  0.73MMBRX Massmutual PremierPairCorr
  0.68MMBVX Massmutual SelectPairCorr
  0.67MMBUX Massmutual SelectPairCorr
  0.68MMBZX Massmutual SelectPairCorr
  0.68MMBYX Massmutual SelectPairCorr
  0.99MMBWX Massmutual SelectPairCorr
  0.74MMBDX Massmutual PremierPairCorr
  0.99MMBLX Massmutual PremierPairCorr
  0.97MMELX Massmutual Select MidPairCorr
  0.99MMDFX Massmutual SelectPairCorr
  0.99MMDDX Massmutual SelectPairCorr
  0.99MMDJX Massmutual SelectPairCorr
  0.99MMDHX Massmutual SelectPairCorr
  0.85MMDGX Massmutual SelectPairCorr
  0.85MMDMX Massmutual SelectPairCorr
  0.99MMDKX Massmutual SelectPairCorr
  0.69MMDOX Massmutual SelectPairCorr
  0.99MMFZX Massmutual SelectPairCorr
  0.73MMFYX Massmutual Select FocusedPairCorr
  0.69MMFWX Massmutual SelectPairCorr
  0.98MMGEX Massmutual Select SmallPairCorr
  0.84MMFBX Massmutual SelectPairCorr
  0.85MMFFX Mm Sp 500PairCorr
  0.84MMFEX Massmutual SelectPairCorr
  0.99MMFDX Massmutual SelectPairCorr
  0.84MMFJX Massmutual SelectPairCorr
  0.68MMFHX Massmutual SelectPairCorr
  0.99MMFGX Massmutual SelectPairCorr
  0.99MMFLX Massmutual SelectPairCorr
  0.99MMFKX Massmutual SelectPairCorr
  0.84MMFRX Massmutual SelectPairCorr
  0.69MMFQX Massmutual SelectPairCorr
  0.99MMFPX Massmutual SelectPairCorr
  0.69MMFOX Massmutual SelectPairCorr
  0.81MMFVX Massmutual Select FocusedPairCorr
  0.99MMFUX Massmutual SelectPairCorr
  0.99MMFTX 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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