Massmutual Premier Correlations
MPSAX Fund | USD 9.28 0.01 0.11% |
The current 90-days correlation between Massmutual Premier and Doubleline Emerging Markets is 0.24 (i.e., Modest 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
Significant diversification
The correlation between Massmutual Premier Inflation P and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier Inflation P and DJI in the same portfolio, assuming nothing else is changed.
Massmutual |
Moving together with Massmutual Mutual Fund
0.74 | MMBRX | Massmutual Premier | PairCorr |
0.76 | MMBVX | Massmutual Select | PairCorr |
0.67 | MMBUX | Massmutual Select | PairCorr |
0.76 | MMBZX | Massmutual Select | PairCorr |
0.76 | MMBYX | Massmutual Select | PairCorr |
0.76 | MMBWX | Massmutual Select | PairCorr |
0.91 | MMCBX | Massmutual Premier | PairCorr |
0.92 | MMBEX | Massmutual Select | PairCorr |
0.74 | MMBDX | Massmutual Premier | PairCorr |
0.74 | MMBLX | Massmutual Premier | PairCorr |
0.67 | MMELX | Massmutual Select Mid | PairCorr |
0.71 | MMDFX | Massmutual Select | PairCorr |
0.7 | MMDDX | Massmutual Select | PairCorr |
0.7 | MMDJX | Massmutual Select | PairCorr |
0.7 | MMDHX | Massmutual Select | PairCorr |
0.71 | MMDGX | Massmutual Select | PairCorr |
0.7 | MMDMX | Massmutual Select | PairCorr |
0.7 | MMDKX | Massmutual Select | PairCorr |
0.7 | MMDOX | Massmutual Select | PairCorr |
0.71 | MMFZX | Massmutual Select | PairCorr |
0.64 | MMFYX | Massmutual Select Focused | PairCorr |
0.7 | MMFWX | Massmutual Select | PairCorr |
0.7 | MMGEX | Massmutual Select Small | PairCorr |
0.76 | MMFBX | Massmutual Select | PairCorr |
0.72 | MMFFX | Mm Sp 500 | PairCorr |
0.76 | MMFEX | Massmutual Select | PairCorr |
0.76 | MMFDX | Massmutual Select | PairCorr |
0.75 | MMFJX | Massmutual Select | PairCorr |
0.75 | MMFHX | Massmutual Select | PairCorr |
0.76 | MMFGX | Massmutual Select | PairCorr |
0.74 | MMFLX | Massmutual Select | PairCorr |
0.75 | MMFKX | Massmutual Select | PairCorr |
0.71 | MMFRX | Massmutual Select | PairCorr |
0.7 | MMFQX | Massmutual Select | PairCorr |
0.7 | MMFPX | Massmutual Select | PairCorr |
0.71 | MMFOX | Massmutual Select | PairCorr |
0.65 | MMFVX | Massmutual Select Focused | PairCorr |
0.7 | MMFUX | Massmutual Select | PairCorr |
0.7 | MMFTX | Massmutual Select | PairCorr |
Related Correlations Analysis
0.96 | 0.97 | 0.99 | 0.95 | 0.95 | DBELX | ||
0.96 | 0.95 | 0.97 | 0.98 | 0.99 | SAEMX | ||
0.97 | 0.95 | 0.98 | 0.93 | 0.95 | DEDCX | ||
0.99 | 0.97 | 0.98 | 0.96 | 0.97 | SEDAX | ||
0.95 | 0.98 | 0.93 | 0.96 | 0.99 | GMAQX | ||
0.95 | 0.99 | 0.95 | 0.97 | 0.99 | QTERX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DBELX | 0.23 | 0.09 | (0.13) | 2.54 | 0.00 | 0.55 | 1.75 | |||
SAEMX | 0.49 | 0.22 | 0.20 | 1.23 | 0.00 | 1.31 | 3.41 | |||
DEDCX | 0.10 | 0.05 | (0.48) | 1.29 | 0.00 | 0.26 | 0.80 | |||
SEDAX | 0.19 | 0.09 | (0.15) | 1.46 | 0.00 | 0.45 | 1.25 | |||
GMAQX | 0.54 | 0.26 | 0.18 | 29.25 | 0.18 | 1.43 | 4.04 | |||
QTERX | 0.51 | 0.26 | 0.20 | (51.36) | 0.00 | 1.47 | 3.85 |