Massmutual Premier Correlations

Mutual Funds . USA . 
Fund . Massmutual Premier Short Duration
MSTLX Fund  USD 9.15  0.01  0.11%   
The current 90-days correlation between Massmutual Premier and Massmutual Select Mid is 0.09 (i.e., Significant diversification). The correlation of Massmutual Premier 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 Premier Correlation With Market

Significant diversification

The correlation between Massmutual Premier Short Durat and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier Short Durat 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 Premier Short Duration. 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 bureau of economic analysis.

Moving together with Massmutual Mutual Fund

  0.63MMBRX Massmutual PremierPairCorr
  0.68MMBVX Massmutual SelectPairCorr
  0.67MMBZX Massmutual SelectPairCorr
  0.67MMBYX Massmutual SelectPairCorr
  0.68MMBWX Massmutual SelectPairCorr
  0.66MMARX Massmutual RetiresmartPairCorr
  0.64MMBDX Massmutual PremierPairCorr
  0.64MMBLX Massmutual PremierPairCorr
  0.61MMDFX Massmutual SelectPairCorr
  0.66MMDDX Massmutual SelectPairCorr
  0.66MMDJX Massmutual SelectPairCorr
  0.66MMDHX Massmutual SelectPairCorr
  0.61MMDGX Massmutual SelectPairCorr
  0.66MMDMX Massmutual SelectPairCorr
  0.66MMDKX Massmutual SelectPairCorr
  0.66MMDOX Massmutual SelectPairCorr
  0.61MMFZX Massmutual SelectPairCorr
  0.66MMFWX Massmutual SelectPairCorr
  0.68MMFBX Massmutual SelectPairCorr
  0.61MMFFX Mm Sp 500PairCorr
  0.67MMFEX Massmutual SelectPairCorr
  0.68MMFDX Massmutual SelectPairCorr

Moving against Massmutual Mutual Fund

  0.67MMAAX Massmutual Select GrowthPairCorr
  0.67MMANX Massmutual Select GrowthPairCorr
  0.68MMAZX Massmutual Select GrowthPairCorr
  0.67MMGFX Massmutual Select GrowthPairCorr

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 Premier 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 Premier'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  0.54 (0.02)(0.07) 0.08  0.48 
(0.65)
 1.10 
(0.85)
 3.27 
MLUFX  0.54  0.08 (0.03) 1.33  0.46 
(0.64)
 1.10 
(0.86)
 3.18 
MLUNX  0.54  0.08 (0.04) 1.30  0.45 
(0.63)
 1.05 
(0.87)
 3.27 
MLULX  0.53 (0.01)(0.06) 0.09  0.46 
(0.63)
 1.08 
(0.83)
 3.19 
MLUSX  0.54  0.08 (0.03) 1.21  0.46 
(0.64)
 1.10 
(0.92)
 3.25 
MLUYX  0.54 (0.01)(0.06) 0.09  0.48 
(0.63)
 1.11 
(0.85)
 3.21 
MMBRX  0.35  0.05 (0.10) 0.86  0.35 
(0.40)
 0.77 
(0.76)
 2.00 
MMBVX  0.25  0.00 (0.20) 0.00  0.27 
(0.27)
 0.48 
(0.55)
 1.36 
MMBUX  0.63  0.12  0.04  1.13  0.61 
(0.72)
 1.45 
(1.28)
 4.78 
MMBZX  0.24  0.02 (0.22) 1.96  0.26 
(0.26)
 0.48 
(0.54)
 1.35 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY