Massmutual Retiresmart Correlations

Mutual Funds . USA . 
Fund . Massmutual Retiresmart 2025
MMNUX Fund  USD 10.75  0.05  0.47%   
The current 90-days correlation between Massmutual Retiresmart and Massmutual Select Mid is 0.31 (i.e., Weak 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 2025 and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Retiresmart 2025 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 2025. 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 employment.

Moving together with Massmutual Mutual Fund

  0.69MLUAX Massmutual Select MidPairCorr
  0.69MLUFX Massmutual Select MidPairCorr
  0.69MLUNX Massmutual Select MidPairCorr
  0.69MLULX Massmutual Select MidPairCorr
  0.69MLUSX Massmutual Select MidPairCorr
  0.69MLUZX Massmutual Select MidPairCorr
  0.69MLUYX Massmutual Select MidPairCorr
  0.72MMBRX Massmutual PremierPairCorr
  0.98MMBVX Massmutual SelectPairCorr
  0.73MMBUX Massmutual SelectPairCorr
  0.98MMBZX Massmutual SelectPairCorr
  0.99MMBYX Massmutual SelectPairCorr
  0.98MMBWX Massmutual SelectPairCorr
  0.96MMARX Massmutual RetiresmartPairCorr
  0.73MMBEX Massmutual SelectPairCorr
  0.72MMBDX Massmutual PremierPairCorr
  0.72MMBLX Massmutual PremierPairCorr
  0.7MMELX Massmutual Select MidPairCorr
  0.94MMDFX Massmutual SelectPairCorr
  0.94MMDDX Massmutual SelectPairCorr
  0.94MMDJX Massmutual SelectPairCorr
  0.95MMDHX Massmutual SelectPairCorr
  0.94MMDGX Massmutual SelectPairCorr
  0.94MMDMX Massmutual SelectPairCorr
  0.94MMDKX Massmutual SelectPairCorr
  0.94MMDOX Massmutual SelectPairCorr
  0.94MMFZX Massmutual SelectPairCorr
  0.68MMFYX Massmutual Select FocusedPairCorr
  0.94MMFWX Massmutual SelectPairCorr
  0.61MMGEX Massmutual Select SmallPairCorr
  0.98MMFBX Massmutual SelectPairCorr
  0.65MMFFX Mm Sp 500PairCorr
  0.99MMFEX Massmutual SelectPairCorr
  0.98MMFDX Massmutual SelectPairCorr
  0.98MMFJX Massmutual SelectPairCorr
  0.97MMFHX Massmutual SelectPairCorr

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 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
MLUAX  0.71 (0.21) 0.00 (0.21) 0.00 
 0.00 
 1.16 
(0.93)
 13.67 
MLUFX  0.72 (0.21) 0.00 (0.22) 0.00 
 0.00 
 1.10 
(0.95)
 14.17 
MLUNX  0.71 (0.21) 0.00 (0.22) 0.00 
 0.00 
 1.11 
(0.96)
 13.91 
MLULX  0.70 (0.20) 0.00 (0.20) 0.00 
 0.00 
 1.21 
(0.90)
 13.13 
MLUSX  0.73 (0.21) 0.00 (0.22) 0.00 
 0.00 
 1.23 
(0.92)
 14.03 
MLUZX  0.72 (0.22) 0.00 (0.22) 0.00 
 0.00 
 1.17 
(0.95)
 14.48 
MLUYX  0.73 (0.22) 0.00 (0.22) 0.00 
 0.00 
 1.17 
(0.94)
 14.18 
MMBRX  0.45 (0.12) 0.00 (0.18) 0.00 
 0.00 
 0.75 
(0.82)
 7.57 
MMBVX  0.33 (0.10) 0.00 (0.15) 0.00 
 0.00 
 0.47 
(0.54)
 6.32 
MMBUX  1.00 (0.31) 0.00 (0.24) 0.00 
 0.00 
 1.35 
(1.28)
 22.88 

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