Massmutual Retiresmart Correlations

MRCSX Fund  USD 9.22  0.03  0.33%   
The current 90-days correlation between Massmutual Retiresmart and Massmutual Premier Balanced is 0.76 (i.e., Poor diversification). The correlation of Massmutual Retiresmart 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 Retiresmart Correlation With Market

Poor diversification

The correlation between Massmutual Retiresmart Servati and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Retiresmart Servati 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 Retiresmart Servative. 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 state.

Moving together with Massmutual Mutual Fund

  0.97MMBRX Massmutual PremierPairCorr
  0.96MMBVX Massmutual SelectPairCorr
  0.91MMBUX Massmutual SelectPairCorr
  0.96MMBZX Massmutual SelectPairCorr
  0.96MMBYX Massmutual SelectPairCorr
  0.96MMBWX Massmutual SelectPairCorr
  0.92MMCBX Massmutual PremierPairCorr
  0.89MMBEX Massmutual SelectPairCorr
  0.96MMBDX Massmutual PremierPairCorr
  0.97MMBLX Massmutual PremierPairCorr
  0.92MMELX Massmutual Select MidPairCorr
  0.95MMDFX Massmutual SelectPairCorr
  0.93MMDDX Massmutual SelectPairCorr
  0.93MMDJX Massmutual SelectPairCorr
  0.93MMDHX Massmutual SelectPairCorr
  0.95MMDGX Massmutual SelectPairCorr
  0.93MMDMX Massmutual SelectPairCorr
  0.93MMDKX Massmutual SelectPairCorr
  0.93MMDOX Massmutual SelectPairCorr
  0.95MMFZX Massmutual SelectPairCorr
  0.95MMGEX Massmutual Select SmallPairCorr
  0.97MMFBX Massmutual SelectPairCorr
  0.95MMFFX Mm Sp 500PairCorr
  0.96MMFEX Massmutual SelectPairCorr
  0.96MMFDX Massmutual SelectPairCorr
  0.97MMFJX Massmutual SelectPairCorr
  0.95MMFHX Massmutual SelectPairCorr
  0.96MMFGX Massmutual SelectPairCorr
  0.95MMFLX Massmutual SelectPairCorr
  0.97MMFKX Massmutual SelectPairCorr
  0.95MMFRX Massmutual SelectPairCorr
  0.94MMFQX Massmutual SelectPairCorr
  0.94MMFPX Massmutual SelectPairCorr
  0.94MMFOX Massmutual SelectPairCorr
  0.91MMFVX Massmutual Select FocusedPairCorr
  0.93MMFUX Massmutual SelectPairCorr
  0.93MMFTX Massmutual SelectPairCorr
  0.81MMIAX Massmutual PremierPairCorr
  0.95MMIEX Mm Sp 500PairCorr

Related Correlations Analysis

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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   
MMBDXMMBRX
MMBZXMMBVX
MMBYXMMBVX
MMBWXMMBVX
MMBYXMMBZX
MMBWXMMBZX
  
High negative correlations   
MMBDXMMARX
MMBEXMMARX
MMARXMMCBX
MMARXMMBWX
MMARXMMBYX
MMARXMMBZX

Risk-Adjusted Indicators

There is a big difference between Massmutual Mutual Fund performing well and Massmutual Retiresmart 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 Retiresmart'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MMBRX  0.42  0.03 (0.04) 0.19  0.37 
 1.11 
 2.93 
MMBVX  0.23  0.09 (0.13)(2.79) 0.00 
 0.70 
 1.69 
MMBUX  0.74  0.22  0.06 (1.29) 0.72 
 1.89 
 5.99 
MMBZX  0.22  0.09 (0.14)(3.78) 0.00 
 0.76 
 1.68 
MMBYX  0.23  0.09 (0.13)(3.00) 0.00 
 0.76 
 1.69 
MMBWX  0.23  0.09 (0.13)(3.52) 0.00 
 0.76 
 1.69 
MMCBX  0.24  0.03 (0.33)(1.64) 0.17 
 0.46 
 1.14 
MMARX  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 
 0.35 
 0.93 
MMBDX  0.42  0.03 (0.04) 0.19  0.39 
 1.08 
 2.86