Massmutual Select Correlations

MMBWX Fund

USD 15.23 0.13 0.86%

The current 90-days correlation between Massmutual Select and Gmo Global Equity is 0.7 (i.e., 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

Poor diversification

The correlation between Massmutual Select T and DJI is 0.66 (i.e., 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.

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 interest.

Moving together with Massmutual Mutual Fund

0.99	MMBRX	Massmutual Premier	Pair Corr
1.0	MMBVX	Massmutual Select	Pair Corr
0.91	MMBUX	Massmutual Select	Pair Corr
1.0	MMBZX	Massmutual Select	Pair Corr
0.91	MMCBX	Massmutual Premier	Pair Corr
0.85	MMBDX	Massmutual Premier	Pair Corr
0.85	MMBLX	Massmutual Premier	Pair Corr
0.71	MMELX	Massmutual Select Mid	Pair Corr
0.86	MMDFX	Massmutual Select	Pair Corr
0.85	MMDDX	Massmutual Select	Pair Corr
0.85	MMDHX	Massmutual Select	Pair Corr
0.85	MMDGX	Massmutual Select	Pair Corr
0.85	MMDMX	Massmutual Select	Pair Corr
0.99	MMFZX	Massmutual Select	Pair Corr
0.74	MMFYX	Massmutual Select Focused	Pair Corr
0.91	MMGEX	Massmutual Select Small	Pair Corr
0.86	MMFBX	Massmutual Select	Pair Corr
0.86	MMFFX	Mm Sp 500	Pair Corr
1.0	MMFHX	Massmutual Select	Pair Corr
1.0	MMFGX	Massmutual Select	Pair Corr
0.86	MMFLX	Massmutual Select	Pair Corr
1.0	MMFKX	Massmutual Select	Pair Corr
0.86	MMFQX	Massmutual Select	Pair Corr
0.86	MMFPX	Massmutual Select	Pair Corr
0.86	MMFOX	Massmutual Select	Pair Corr
0.74	MMFVX	Massmutual Select Focused	Pair Corr
0.99	MMFUX	Massmutual Select	Pair Corr
0.86	MMFTX	Massmutual Select	Pair Corr

Related Correlations Analysis

	GMADX	GAFAX	CVLOX	JGECX	LFLCX	HRLFX	HRLAX	CAEIX
GMADX		0.96	0.91	0.94	0.89	0.87	0.84	0.97	GMADX
GAFAX	0.96		0.96	0.98	0.89	0.84	0.86	0.96	GAFAX
CVLOX	0.91	0.96		0.94	0.89	0.85	0.87	0.96	CVLOX
JGECX	0.94	0.98	0.94		0.86	0.86	0.89	0.95	JGECX
LFLCX	0.89	0.89	0.89	0.86		0.85	0.86	0.88	LFLCX
HRLFX	0.87	0.84	0.85	0.86	0.85		0.95	0.88	HRLFX
HRLAX	0.84	0.86	0.87	0.89	0.86	0.95		0.87	HRLAX
CAEIX	0.97	0.96	0.96	0.95	0.88	0.88	0.87		CAEIX
	GMADX	GAFAX	CVLOX	JGECX	LFLCX	HRLFX	HRLAX	CAEIX

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
GMADX	0.52	0.05	0.05	0.17	0.37	(0.61)	1.30	(0.94)	2.52
GAFAX	0.22	0.04	(0.23)	(0.72)	0.13	(0.27)	0.57	(0.46)	1.22
CVLOX	0.43	0.12	(0.02)	(0.65)	0.36	(0.49)	1.19	(0.87)	2.90
JGECX	0.47	0.11	(0.02)	(1.03)	0.43	(0.52)	1.10	(1.01)	2.36
LFLCX	0.20	0.03	(0.31)	7.06	0.05	(0.25)	0.43	(0.33)	0.87
HRLFX	0.30	0.05	(0.10)	0.39	0.14	(0.36)	0.86	(0.54)	1.63
HRLAX	0.30	0.06	(0.11)	0.82	0.15	(0.37)	0.76	(0.54)	1.63
CAEIX	0.69	0.10	0.11	0.22	0.55	(0.81)	1.40	(1.05)	3.65

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Massmutual Select Correlations

Massmutual Select Correlation With Market

Poor diversification

Moving together with Massmutual Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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