Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMFZX Fund  USD 17.44  0.01  0.06%   
The current 90-days correlation between Massmutual Select and Vanguard Target Retirement is 0.95 (i.e., Almost no 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

Very poor diversification

The correlation between Massmutual Select T and NYA is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select T and NYA 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 nation.

Moving together with Massmutual Mutual Fund

  0.78MLUAX Massmutual Select MidPairCorr
  0.78MLUFX Massmutual Select MidPairCorr
  0.78MLUNX Massmutual Select MidPairCorr
  0.78MLULX Massmutual Select MidPairCorr
  0.79MLUSX Massmutual Select MidPairCorr
  0.79MLUZX Massmutual Select MidPairCorr
  0.87MMBRX Massmutual PremierPairCorr
  0.99MMBVX Massmutual SelectPairCorr
  0.99MMBWX Massmutual SelectPairCorr
  0.98MMARX Massmutual RetiresmartPairCorr
  0.76MMBEX Massmutual SelectPairCorr
  0.88MMBLX Massmutual PremierPairCorr
  0.91MMEMX Massmutual SelectPairCorr
  1.0MMDDX Massmutual SelectPairCorr
  1.0MMDGX Massmutual SelectPairCorr
  1.0MMDMX Massmutual SelectPairCorr
  1.0MMDKX Massmutual SelectPairCorr
  1.0MMDOX Massmutual SelectPairCorr
  1.0MMFWX Massmutual SelectPairCorr
  0.98MMFFX Mm Sp 500PairCorr
  0.99MMFEX Massmutual SelectPairCorr
  0.99MMFJX Massmutual SelectPairCorr
  0.99MMFHX Massmutual SelectPairCorr
  0.99MMFGX Massmutual SelectPairCorr
  0.99MMFLX Massmutual SelectPairCorr
  1.0MMFQX Massmutual SelectPairCorr
  1.0MMFPX Massmutual SelectPairCorr
  1.0MMFOX Massmutual SelectPairCorr
  1.0MMFTX Massmutual SelectPairCorr
  0.85MMIAX Massmutual PremierPairCorr
  0.98MMINX Mm Sp 500PairCorr
  0.95MMISX Massmutual RetiresmartPairCorr
  0.95MMIUX Massmutual SelectPairCorr
  0.98MMIZX Mm Sp 500PairCorr
  0.95MMIYX Massmutual RetiresmartPairCorr

Related Correlations Analysis

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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.

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