Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMFJX Fund  USD 15.18  0.06  0.39%   
The current 90-days correlation between Massmutual Select and Massmutual Select Mid is 0.06 (i.e., Significant 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

Average diversification

The correlation between Massmutual Select T and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select T 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 T. 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 inflation.

Moving together with Massmutual Mutual Fund

  0.72MLUAX Massmutual Select MidPairCorr
  0.8MLUFX Massmutual Select MidPairCorr
  0.72MLUNX Massmutual Select MidPairCorr
  0.72MLULX Massmutual Select MidPairCorr
  0.8MLUSX Massmutual Select MidPairCorr
  0.72MLUZX Massmutual Select MidPairCorr
  0.78MLUYX Massmutual Select MidPairCorr
  0.93MMBRX Massmutual PremierPairCorr
  0.89MMBVX Massmutual SelectPairCorr
  0.73MMBUX Massmutual SelectPairCorr
  0.99MMBZX Massmutual SelectPairCorr
  0.89MMBYX Massmutual SelectPairCorr
  0.62MMBWX Massmutual SelectPairCorr
  0.87MMARX Massmutual RetiresmartPairCorr
  0.62MMBDX Massmutual PremierPairCorr
  0.79MMELX Massmutual Select MidPairCorr
  0.86MMDFX Massmutual SelectPairCorr
  0.93MMDDX Massmutual SelectPairCorr
  0.86MMDJX Massmutual SelectPairCorr
  0.86MMDHX Massmutual SelectPairCorr
  0.94MMDGX Massmutual SelectPairCorr
  0.94MMDMX Massmutual SelectPairCorr
  0.94MMDKX Massmutual SelectPairCorr
  0.94MMDOX Massmutual SelectPairCorr
  0.95MMFZX Massmutual SelectPairCorr
  0.94MMFWX Massmutual SelectPairCorr
  0.73MMGEX Massmutual Select SmallPairCorr
  0.63MMFBX Massmutual SelectPairCorr
  0.76MMFFX Mm Sp 500PairCorr
  0.99MMFEX Massmutual SelectPairCorr
  0.89MMFDX Massmutual SelectPairCorr
  0.9MMFHX Massmutual SelectPairCorr

Moving against Massmutual Mutual Fund

  0.38MMIAX Massmutual PremierPairCorr

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  0.52  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  0.52  0.06 (0.05) 0.46  0.38 
(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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