Massmutual Premier Correlations

MOORX Fund

USD 16.97 0.10 0.59%

The current 90-days correlation between Massmutual Premier Small and Massmutual Premier Balanced is 0.83 (i.e., Very poor diversification). The correlation of Massmutual Premier 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 Premier Correlation With Market

Very poor diversification

The correlation between Massmutual Premier Small and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier 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 Premier 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 metropolitan statistical area.

Moving together with Massmutual Mutual Fund

0.97	MMBRX	Massmutual Premier	Pair Corr
0.95	MMBVX	Massmutual Select	Pair Corr
0.97	MMBUX	Massmutual Select	Pair Corr
0.96	MMBZX	Massmutual Select	Pair Corr
0.96	MMBYX	Massmutual Select	Pair Corr
0.96	MMBWX	Massmutual Select	Pair Corr
0.76	MMCBX	Massmutual Premier	Pair Corr
0.7	MMBEX	Massmutual Select	Pair Corr
0.97	MMBDX	Massmutual Premier	Pair Corr
0.97	MMBLX	Massmutual Premier	Pair Corr
0.99	MMELX	Massmutual Select Mid	Pair Corr
0.98	MMDFX	Massmutual Select	Pair Corr
0.96	MMDDX	Massmutual Select	Pair Corr
0.96	MMDJX	Massmutual Select	Pair Corr
0.96	MMDHX	Massmutual Select	Pair Corr
0.98	MMDGX	Massmutual Select	Pair Corr
0.96	MMDMX	Massmutual Select	Pair Corr
0.96	MMDOX	Massmutual Select	Pair Corr
0.98	MMFZX	Massmutual Select	Pair Corr
0.98	MMFYX	Massmutual Select Focused	Pair Corr
0.96	MMFWX	Massmutual Select	Pair Corr
0.99	MMGEX	Massmutual Select Small	Pair Corr
0.97	MMFBX	Massmutual Select	Pair Corr
0.98	MMFFX	Mm Sp 500	Pair Corr
0.96	MMFEX	Massmutual Select	Pair Corr
0.96	MMFDX	Massmutual Select	Pair Corr
0.98	MMFJX	Massmutual Select	Pair Corr
0.96	MMFHX	Massmutual Select	Pair Corr
0.96	MMFGX	Massmutual Select	Pair Corr
0.96	MMFLX	Massmutual Select	Pair Corr
0.98	MMFKX	Massmutual Select	Pair Corr
0.98	MMFRX	Massmutual Select	Pair Corr
0.96	MMFQX	Massmutual Select	Pair Corr
0.96	MMFPX	Massmutual Select	Pair Corr
0.96	MMFOX	Massmutual Select	Pair Corr
0.98	MMFVX	Massmutual Select Focused	Pair Corr
0.96	MMFUX	Massmutual Select	Pair Corr
0.96	MMFTX	Massmutual Select	Pair Corr
0.87	MMIAX	Massmutual Premier	Pair Corr

Related Correlations Analysis

	MMBRX	MMBVX	MMBUX	MMBZX	MMBYX	MMBWX	MMCBX	MMARX	MMBEX	MMBDX
MMBRX		0.98	0.97	0.98	0.98	0.98	0.83	0.0	0.78	1.0	MMBRX
MMBVX	0.98		0.98	1.0	1.0	1.0	0.86	0.0	0.81	0.98	MMBVX
MMBUX	0.97	0.98		0.98	0.98	0.98	0.78	0.0	0.71	0.97	MMBUX
MMBZX	0.98	1.0	0.98		1.0	1.0	0.85	0.0	0.8	0.98	MMBZX
MMBYX	0.98	1.0	0.98	1.0		1.0	0.86	0.0	0.8	0.98	MMBYX
MMBWX	0.98	1.0	0.98	1.0	1.0		0.86	0.0	0.81	0.98	MMBWX
MMCBX	0.83	0.86	0.78	0.85	0.86	0.86		0.0	0.99	0.83	MMCBX
MMARX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MMARX
MMBEX	0.78	0.81	0.71	0.8	0.8	0.81	0.99	0.0		0.78	MMBEX
MMBDX	1.0	0.98	0.97	0.98	0.98	0.98	0.83	0.0	0.78		MMBDX
	MMBRX	MMBVX	MMBUX	MMBZX	MMBYX	MMBWX	MMCBX	MMARX	MMBEX	MMBDX

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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

MMBDX	+ 1.0	MMBRX
MMBZX	+ 1.0	MMBVX
MMBYX	+ 1.0	MMBVX
MMBWX	+ 1.0	MMBVX
MMBYX	+ 1.0	MMBZX
MMBWX	+ 1.0	MMBZX

High negative correlations

MMBDX	- 0.0	MMARX
MMBEX	- 0.0	MMARX
MMARX	- 0.0	MMCBX
MMARX	- 0.0	MMBWX
MMARX	- 0.0	MMBYX
MMARX	- 0.0	MMBZX

Risk-Adjusted Indicators

There is a big difference between Massmutual Mutual Fund performing well and Massmutual Premier 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 Premier'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
MMBRX	0.42	0.03	(0.04)	0.19	0.37	(0.50)	1.11	(1.13)	2.93
MMBVX	0.23	0.09	(0.13)	(2.79)	0.00	(0.29)	0.70	(0.40)	1.69
MMBUX	0.74	0.22	0.06	(1.29)	0.72	(0.84)	1.89	(1.60)	5.99
MMBZX	0.22	0.09	(0.14)	(3.78)	0.00	(0.28)	0.76	(0.40)	1.68
MMBYX	0.23	0.09	(0.13)	(3.00)	0.00	(0.29)	0.76	(0.40)	1.69
MMBWX	0.23	0.09	(0.13)	(3.52)	0.00	(0.29)	0.76	(0.40)	1.69
MMCBX	0.24	0.03	(0.33)	(1.64)	0.17	(0.30)	0.46	(0.45)	1.14
MMARX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MMBEX	0.17	0.02	(0.52)	(3.52)	0.08	(0.21)	0.35	(0.35)	0.93
MMBDX	0.42	0.03	(0.04)	0.19	0.39	(0.50)	1.08	(1.10)	2.86

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