Massmutual Premier Correlations

Mutual Funds . USA . 
Fund . Massmutual Premier Balanced
MMBRX Fund  USD 11.82  0.02  0.17%   
The current 90-days correlation between Massmutual Premier and Columbia Diversified Equity is 0.88 (i.e., Very poor 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

Almost no diversification

The correlation between Massmutual Premier Balanced and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier Balanced 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 Balanced. 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 metropolitan statistical area.

Moving together with Massmutual Mutual Fund

  0.98MMBVX Massmutual SelectPairCorr
  0.96MMBUX Massmutual SelectPairCorr
  0.98MMBZX Massmutual SelectPairCorr
  0.98MMBYX Massmutual SelectPairCorr
  0.98MMBWX Massmutual SelectPairCorr
  0.83MMCBX Massmutual PremierPairCorr
  0.77MMBEX Massmutual SelectPairCorr
  1.0MMBDX Massmutual PremierPairCorr
  0.98MMELX Massmutual Select MidPairCorr
  0.97MMDFX Massmutual SelectPairCorr
  0.99MMDDX Massmutual SelectPairCorr
  0.97MMDJX Massmutual SelectPairCorr
  0.97MMDHX Massmutual SelectPairCorr
  0.97MMDGX Massmutual SelectPairCorr
  0.99MMDMX Massmutual SelectPairCorr
  0.99MMDKX Massmutual SelectPairCorr
  0.97MMDOX Massmutual SelectPairCorr
  0.97MMFZX Massmutual SelectPairCorr
  0.94MMFYX Massmutual Select FocusedPairCorr
  0.97MMFWX Massmutual SelectPairCorr
  0.97MMGEX Massmutual Select SmallPairCorr
  0.98MMFBX Massmutual SelectPairCorr
  0.98MMFFX Mm Sp 500PairCorr
  0.98MMFEX Massmutual SelectPairCorr
  0.98MMFDX Massmutual SelectPairCorr
  0.98MMFJX Massmutual SelectPairCorr
  0.98MMFHX Massmutual SelectPairCorr
  0.98MMFGX Massmutual SelectPairCorr
  0.98MMFLX Massmutual SelectPairCorr
  1.0MMFKX Massmutual SelectPairCorr
  0.97MMFRX Massmutual SelectPairCorr
  0.98MMFQX Massmutual SelectPairCorr
  0.99MMFPX Massmutual SelectPairCorr
  0.98MMFOX Massmutual SelectPairCorr
  0.94MMFVX Massmutual Select FocusedPairCorr
  0.97MMFUX Massmutual SelectPairCorr
  0.97MMFTX Massmutual SelectPairCorr
  0.76MMIAX Massmutual PremierPairCorr

Related Correlations Analysis

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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.

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