Massmutual Select Correlations
MMBVX Fund | USD 15.19 0.13 0.86% |
The current 90-days correlation between Massmutual Select and Leuthold Global Fund is 0.81 (i.e., Very poor 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 DJI is 0.88 (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 DJI in the same portfolio, assuming nothing else is changed.
Massmutual |
Moving together with Massmutual Mutual Fund
0.99 | MMBRX | Massmutual Premier | PairCorr |
0.93 | MMBUX | Massmutual Select | PairCorr |
1.0 | MMBZX | Massmutual Select | PairCorr |
1.0 | MMBYX | Massmutual Select | PairCorr |
1.0 | MMBWX | Massmutual Select | PairCorr |
0.93 | MMCBX | Massmutual Premier | PairCorr |
0.93 | MMBEX | Massmutual Select | PairCorr |
0.99 | MMBDX | Massmutual Premier | PairCorr |
1.0 | MMBLX | Massmutual Premier | PairCorr |
0.91 | MMELX | Massmutual Select Mid | PairCorr |
0.99 | MMDFX | Massmutual Select | PairCorr |
0.99 | MMDDX | Massmutual Select | PairCorr |
0.99 | MMDJX | Massmutual Select | PairCorr |
0.99 | MMDHX | Massmutual Select | PairCorr |
0.99 | MMDGX | Massmutual Select | PairCorr |
0.99 | MMDMX | Massmutual Select | PairCorr |
0.99 | MMDKX | Massmutual Select | PairCorr |
0.99 | MMDOX | Massmutual Select | PairCorr |
0.99 | MMFZX | Massmutual Select | PairCorr |
0.89 | MMFYX | Massmutual Select Focused | PairCorr |
0.99 | MMFWX | Massmutual Select | PairCorr |
0.93 | MMGEX | Massmutual Select Small | PairCorr |
1.0 | MMFBX | Massmutual Select | PairCorr |
0.99 | MMFFX | Mm Sp 500 | PairCorr |
1.0 | MMFEX | Massmutual Select | PairCorr |
1.0 | MMFDX | Massmutual Select | PairCorr |
1.0 | MMFJX | Massmutual Select | PairCorr |
1.0 | MMFHX | Massmutual Select | PairCorr |
1.0 | MMFGX | Massmutual Select | PairCorr |
1.0 | MMFLX | Massmutual Select | PairCorr |
1.0 | MMFKX | Massmutual Select | PairCorr |
0.99 | MMFRX | Massmutual Select | PairCorr |
0.99 | MMFQX | Massmutual Select | PairCorr |
0.99 | MMFPX | Massmutual Select | PairCorr |
0.99 | MMFOX | Massmutual Select | PairCorr |
0.89 | MMFVX | Massmutual Select Focused | PairCorr |
0.99 | MMFUX | Massmutual Select | PairCorr |
0.99 | MMFTX | Massmutual Select | PairCorr |
Related Correlations Analysis
0.9 | 0.87 | 0.94 | 0.86 | 0.87 | GLBLX | ||
0.9 | 0.97 | 0.86 | 0.96 | 0.98 | TMSRX | ||
0.87 | 0.97 | 0.85 | 0.95 | 0.99 | CHASX | ||
0.94 | 0.86 | 0.85 | 0.86 | 0.84 | AUXIX | ||
0.86 | 0.96 | 0.95 | 0.86 | 0.96 | MHEFX | ||
0.87 | 0.98 | 0.99 | 0.84 | 0.96 | SMPIX | ||
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
GLBLX | 0.32 | 0.04 | (0.04) | 0.19 | 0.22 | 0.84 | 1.58 | |||
TMSRX | 0.07 | 0.01 | (0.46) | 0.85 | 0.00 | 0.22 | 0.54 | |||
CHASX | 0.63 | 0.09 | 0.09 | 0.21 | 0.44 | 1.59 | 3.49 | |||
AUXIX | 0.43 | 0.02 | (0.02) | 0.13 | 0.44 | 0.84 | 2.32 | |||
MHEFX | 0.36 | 0.08 | 0.00 | 0.56 | 0.17 | 0.93 | 3.68 | |||
SMPIX | 1.75 | 0.42 | 0.21 | 0.42 | 1.71 | 4.32 | 9.28 |