Mm Sp Correlations

Mutual Funds . USA . 
Fund . Mm Sp 500
MIEZX Fund  USD 19.74  0.10  0.50%   
The current 90-days correlation between Mm Sp 500 and Massmutual Select Mid is 0.69 (i.e., Poor diversification). The correlation of Mm Sp 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.

Mm Sp Correlation With Market

Very poor diversification

The correlation between Mm Sp 500 and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mm Sp 500 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 Mm Sp 500. 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 MIEZX Mutual Fund

  0.92MLUAX Massmutual Select MidPairCorr
  0.92MLUFX Massmutual Select MidPairCorr
  0.92MLUNX Massmutual Select MidPairCorr
  0.92MLULX Massmutual Select MidPairCorr
  0.92MLUSX Massmutual Select MidPairCorr
  0.92MLUZX Massmutual Select MidPairCorr
  0.92MLUYX Massmutual Select MidPairCorr
  0.86MMBRX Massmutual PremierPairCorr
  0.73MMBVX Massmutual SelectPairCorr
  0.96MMBUX Massmutual SelectPairCorr
  0.7MMBZX Massmutual SelectPairCorr
  0.71MMBYX Massmutual SelectPairCorr
  0.73MMBWX Massmutual SelectPairCorr
  0.88MMARX Massmutual RetiresmartPairCorr
  0.68MMBDX Massmutual PremierPairCorr
  0.7MMBLX Massmutual PremierPairCorr
  0.96MMELX Massmutual Select MidPairCorr
  0.93MMDFX Massmutual SelectPairCorr
  0.94MMDDX Massmutual SelectPairCorr
  0.93MMDJX Massmutual SelectPairCorr
  0.93MMDHX Massmutual SelectPairCorr
  0.93MMDGX Massmutual SelectPairCorr
  0.93MMDMX Massmutual SelectPairCorr
  0.93MMDOX Massmutual SelectPairCorr
  0.92MMFZX Massmutual SelectPairCorr
  0.93MMFWX Massmutual SelectPairCorr
  0.95MMGEX Massmutual Select SmallPairCorr
  0.75MMFBX Massmutual SelectPairCorr
  0.97MMFFX Mm Sp 500PairCorr
  0.73MMFEX Massmutual SelectPairCorr
  0.74MMFDX Massmutual SelectPairCorr
  0.79MMFJX Massmutual SelectPairCorr
  0.8MMFHX Massmutual SelectPairCorr
  0.72MMFGX Massmutual SelectPairCorr

Moving against MIEZX Mutual Fund

  0.7MMANX Massmutual Select GrowthPairCorr
  0.45MMCBX Massmutual PremierPairCorr
  0.41MMBEX Massmutual SelectPairCorr
  0.8MMIAX Massmutual PremierPairCorr
  0.7MMGFX Massmutual Select GrowthPairCorr
  0.54MMIUX Massmutual SelectPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between MIEZX Mutual Fund performing well and Mm Sp 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 Mm Sp'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  0.52  0.00 (0.04) 0.11  0.37 
(0.66)
 1.10 
(0.82)
 3.27 
MLUFX  0.51  0.07 (0.04) 0.59  0.37 
(0.64)
 1.10 
(0.78)
 3.18 
MLUNX  0.51  0.01 (0.03) 0.11  0.35 
(0.63)
 1.05 
(0.79)
 3.27 
MLULX  0.50  0.01 (0.03) 0.11  0.36 
(0.63)
 1.08 
(0.80)
 3.19 
MLUSX  0.51  0.07 (0.03) 0.57  0.38 
(0.64)
 1.10 
(0.84)
 3.25 
MLUZX  0.51  0.01 (0.04) 0.11  0.36 
(0.64)
 1.12 
(0.83)
 3.23 
MLUYX  0.51  0.00 (0.04) 0.11  0.37 
(0.62)
 1.11 
(0.82)
 3.21 
MMBRX  0.33  0.04 (0.12) 0.44  0.31 
(0.38)
 0.75 
(0.64)
 2.00 
MMBVX  0.24 (0.01)(0.24) 0.07  0.23 
(0.27)
 0.48 
(0.47)
 1.36 
MMBUX  0.61  0.05  0.06  0.15  0.48 
(0.71)
 1.45 
(1.01)
 4.78 

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