Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select Small
MMVFX Fund  USD 8.28  0.04  0.48%   
The current 90-days correlation between Massmutual Select Small and Profunds Large Cap Growth is 0.69 (i.e., 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

Very poor diversification

The correlation between Massmutual Select Small and DJI is 0.8 (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 Small 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 Small. 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 census.

Moving together with Massmutual Mutual Fund

  0.68MMBRX Massmutual PremierPairCorr
  0.94MMBVX Massmutual SelectPairCorr
  0.7MMBUX Massmutual SelectPairCorr
  0.68MMBZX Massmutual SelectPairCorr
  0.68MMBYX Massmutual SelectPairCorr
  0.68MMBWX Massmutual SelectPairCorr
  0.69MMBDX Massmutual PremierPairCorr
  0.93MMBLX Massmutual PremierPairCorr
  0.97MMELX Massmutual Select MidPairCorr
  0.7MMDFX Massmutual SelectPairCorr
  0.7MMDDX Massmutual SelectPairCorr
  0.94MMDJX Massmutual SelectPairCorr
  0.97MMDHX Massmutual SelectPairCorr
  0.93MMDGX Massmutual SelectPairCorr
  0.97MMDMX Massmutual SelectPairCorr
  0.94MMDKX Massmutual SelectPairCorr
  0.97MMDOX Massmutual SelectPairCorr
  0.7MMFZX Massmutual SelectPairCorr
  0.95MMFYX Massmutual Select FocusedPairCorr
  0.97MMFWX Massmutual SelectPairCorr
  0.69MMGEX Massmutual Select SmallPairCorr
  0.96MMFBX Massmutual SelectPairCorr
  0.97MMFFX Mm Sp 500PairCorr
  0.93MMFEX Massmutual SelectPairCorr
  0.94MMFDX Massmutual SelectPairCorr
  0.96MMFJX Massmutual SelectPairCorr
  0.94MMFHX Massmutual SelectPairCorr
  0.94MMFGX Massmutual SelectPairCorr
  0.68MMFLX Massmutual SelectPairCorr
  0.94MMFKX Massmutual SelectPairCorr
  0.97MMFRX Massmutual SelectPairCorr
  0.97MMFQX Massmutual SelectPairCorr
  0.94MMFPX Massmutual SelectPairCorr
  0.97MMFOX Massmutual SelectPairCorr
  0.95MMFVX Massmutual Select FocusedPairCorr
  0.94MMFUX Massmutual SelectPairCorr
  0.94MMFTX 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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