Massmutual Select Small Fund Market Value

MMQYX Fund  USD 8.84  0.20  2.31%   
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 Small investors about its performance. Massmutual Select is trading at 8.84 as of the 28th of March 2024; that is 2.31 percent increase since the beginning of the trading day. The fund's open price was 8.64.
With this module, you can estimate the performance of a buy and hold strategy of Massmutual Select Small 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
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Massmutual Select on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Massmutual Select Small or generate 0.0% return on investment in Massmutual Select over 30 days. Massmutual Select is related to or competes with USCF Gold, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, and Massmutual Select. The fund invests at least 80 percent of its net assets in equity securities of companies whose market capitalizations at... 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 Small 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
7.518.649.77
Details
Intrinsic
Valuation
LowRealHigh
7.458.589.71
Details
Naive
Forecast
LowNextHigh
7.528.659.78
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.638.658.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Massmutual Select. Your research has to be compared to or analyzed against Massmutual Select's peers to derive any actionable benefits. When done correctly, Massmutual Select's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Massmutual Select Small.

Massmutual Select Small Backtested Returns

We consider Massmutual Select not too volatile. Massmutual Select Small has Sharpe Ratio of 0.0612, which conveys that the entity had a 0.0612% 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 1.15, mean deviation of 0.8409, and Risk Adjusted Performance of 0.0375 to check out if the risk estimate we provide is consistent with the expected return of 0.071%. The fund secures a Beta (Market Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Massmutual Select are expected to decrease at a much lower rate. During the bear market, Massmutual Select is likely to outperform the market.

Auto-correlation

    
  0.53  

Modest predictability

Massmutual Select Small has modest predictability. Overlapping area represents the amount of predictability between Massmutual Select time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Small price movement. The serial correlation of 0.53 indicates that about 53.0% of current Massmutual Select price fluctuation can be explain by its past prices.
Correlation Coefficient0.53
Spearman Rank Test0.65
Residual Average0.0
Price Variance0.01

Massmutual Select Small 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 Small.
   Regressed Prices   
       Timeline  

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Check out Massmutual Select Correlation, Massmutual Select Volatility and Massmutual Select Alpha and Beta module to complement your research on Massmutual Select.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running Massmutual Select's price analysis, check to measure Massmutual Select's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Massmutual Select is operating at the current time. Most of Massmutual Select's value examination focuses on studying past and present price action to predict the probability of Massmutual Select's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Massmutual Select's price. Additionally, you may evaluate how the addition of Massmutual Select to your portfolios can decrease your overall portfolio volatility.
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Massmutual Select technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Massmutual Select technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Massmutual Select trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...