Massmutual Select Mid Cap Fund Market Value

MLUSX Fund  USD 13.62  0.05  0.37%   
Massmutual Select's market value is the price at which a share of Massmutual Select trades on a public exchange. It measures the collective expectations of Massmutual Select Mid Cap investors about its performance. Massmutual Select is trading at 13.62 as of the 9th of December 2024; that is 0.37% down since the beginning of the trading day. The fund's open price was 13.67.
With this module, you can estimate the performance of a buy and hold strategy of Massmutual Select Mid Cap and determine expected loss or profit from investing in Massmutual Select over a given investment horizon. Check out Massmutual Select Correlation, Massmutual Select Volatility and Massmutual Select Alpha and Beta module to complement your research on Massmutual Select.
Symbol

Please note, there is a significant difference between Massmutual Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Massmutual Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Massmutual Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Massmutual Select 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Massmutual Select's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Massmutual Select.
0.00
11/09/2024
No Change 0.00  0.0 
In 30 days
12/09/2024
0.00
If you would invest  0.00  in Massmutual Select on November 9, 2024 and sell it all today you would earn a total of 0.00 from holding Massmutual Select Mid Cap or generate 0.0% return on investment in Massmutual Select over 30 days. Massmutual Select is related to or competes with American Century, Dunham High, Msift High, Fidelity Capital, Alpine High, Pioneer High, and Goldman Sachs. The fund invests primarily in equity securities of mid-capitalization companies that the funds subadvisers believe are u... More

Massmutual Select Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Massmutual Select's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Massmutual Select Mid Cap upside and downside potential and time the market with a certain degree of confidence.

Massmutual Select Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Massmutual Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Massmutual Select's standard deviation. In reality, there are many statistical measures that can use Massmutual Select historical prices to predict the future Massmutual Select's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Massmutual Select's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
12.9813.6214.26
Details
Intrinsic
Valuation
LowRealHigh
12.2614.7715.41
Details
Naive
Forecast
LowNextHigh
12.8813.5214.16
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.2013.5713.95
Details

Massmutual Select Mid Backtested Returns

At this stage we consider Massmutual Mutual Fund to be very steady. Massmutual Select Mid has Sharpe Ratio of 0.18, which conveys that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Massmutual Select, which you can use to evaluate the volatility of the fund. Please verify Massmutual Select's Downside Deviation of 0.5639, risk adjusted performance of 0.1049, and Mean Deviation of 0.5251 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The fund secures a Beta (Market Risk) of 0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Massmutual Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Massmutual Select is expected to be smaller as well.

Auto-correlation

    
  -0.37  

Poor reverse predictability

Massmutual Select Mid Cap has poor reverse predictability. Overlapping area represents the amount of predictability between Massmutual Select time series from 9th of November 2024 to 24th of November 2024 and 24th of November 2024 to 9th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Massmutual Select Mid price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Massmutual Select price fluctuation can be explain by its past prices.
Correlation Coefficient-0.37
Spearman Rank Test0.07
Residual Average0.0
Price Variance0.01

Massmutual Select Mid lagged returns against current returns

Autocorrelation, which is Massmutual Select mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Massmutual Select's mutual fund expected returns. We can calculate the autocorrelation of Massmutual Select returns to help us make a trade decision. For example, suppose you find that Massmutual Select has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Massmutual Select regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Massmutual Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Massmutual Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Massmutual Select mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Massmutual Select Lagged Returns

When evaluating Massmutual Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Massmutual Select mutual fund have on its future price. Massmutual Select autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Massmutual Select autocorrelation shows the relationship between Massmutual Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Massmutual Select Mid Cap.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Massmutual Mutual Fund

Massmutual Select financial ratios help investors to determine whether Massmutual Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Massmutual with respect to the benefits of owning Massmutual Select security.
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