Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select Focused
MFVZX Fund  USD 16.63  0.38  2.23%   
The current 90-days correlation between Massmutual Select Focused and Massmutual Select Mid is 0.97 (i.e., Almost no 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

Weak diversification

The correlation between Massmutual Select Focused and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select Focused 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 Focused. 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 nation.

Moving together with Massmutual Mutual Fund

  0.8MLUAX Massmutual Select MidPairCorr
  0.81MLUNX Massmutual Select MidPairCorr
  0.79MLULX Massmutual Select MidPairCorr
  0.81MLUZX Massmutual Select MidPairCorr
  0.81MLUYX Massmutual Select MidPairCorr
  0.78MMBRX Massmutual PremierPairCorr
  0.77MMBDX Massmutual PremierPairCorr
  0.75MMBLX Massmutual PremierPairCorr
  0.71MMELX Massmutual Select MidPairCorr
  1.0MMFYX Massmutual Select FocusedPairCorr
  0.89MMFFX Mm Sp 500PairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MLUAX  0.66 (0.20) 0.00 (0.17) 0.00 
 0.00 
 0.96 
(0.85)
 13.67 
MLUFX  0.67 (0.14) 0.00 (0.54) 0.00 
 0.00 
 0.98 
(0.86)
 14.17 
MLUNX  0.67 (0.20) 0.00 (0.18) 0.00 
 0.00 
 0.99 
(0.87)
 13.91 
MLULX  0.65 (0.19) 0.00 (0.17) 0.00 
 0.00 
 0.98 
(0.83)
 13.13 
MLUSX  0.68 (0.14) 0.00 (0.50) 0.00 
 0.00 
 0.96 
(0.89)
 14.03 
MLUZX  0.68 (0.21) 0.00 (0.18) 0.00 
 0.00 
 0.97 
(0.93)
 14.48 
MLUYX  0.68 (0.20) 0.00 (0.18) 0.00 
 0.00 
 0.97 
(0.85)
 14.18 
MMBRX  0.42 (0.11) 0.00 (0.14) 0.00 
 0.00 
 0.75 
(0.66)
 7.57 
MMBVX  0.24 (0.02)(0.17) 0.00  0.26 
(0.26)
 0.48 
(0.47)
 1.36 
MMBUX  0.95 (0.28) 0.00 (0.18) 0.00 
 0.00 
 1.45 
(1.13)
 22.88 

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