Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMFJX Fund  USD 15.49  0.05  0.32%   
The current 90-days correlation between Massmutual Select and Siit Small Cap 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 0.84 (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.
  
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 bureau of economic analysis.

Moving together with Massmutual Mutual Fund

  0.99MMBRX Massmutual PremierPairCorr
  0.9MMBVX Massmutual SelectPairCorr
  0.67MMBUX Massmutual SelectPairCorr
  0.75MMBZX Massmutual SelectPairCorr
  0.75MMBYX Massmutual SelectPairCorr
  0.75MMBWX Massmutual SelectPairCorr
  0.76MMCBX Massmutual PremierPairCorr
  0.69MMBEX Massmutual SelectPairCorr
  0.99MMBDX Massmutual PremierPairCorr
  0.99MMBLX Massmutual PremierPairCorr
  0.87MMELX Massmutual Select MidPairCorr
  0.99MMDFX Massmutual SelectPairCorr
  0.99MMDDX Massmutual SelectPairCorr
  0.99MMDJX Massmutual SelectPairCorr
  0.73MMDHX Massmutual SelectPairCorr
  0.99MMDMX Massmutual SelectPairCorr
  0.99MMFZX Massmutual SelectPairCorr
  0.67MMFYX Massmutual Select FocusedPairCorr
  0.99MMFWX Massmutual SelectPairCorr
  0.91MMGEX Massmutual Select SmallPairCorr
  1.0MMFBX Massmutual SelectPairCorr
  0.98MMFFX Mm Sp 500PairCorr
  1.0MMFEX Massmutual SelectPairCorr
  0.75MMFDX Massmutual SelectPairCorr
  1.0MMFHX Massmutual SelectPairCorr
  1.0MMFGX Massmutual SelectPairCorr
  1.0MMFLX Massmutual SelectPairCorr
  1.0MMFKX Massmutual SelectPairCorr
  0.99MMFRX Massmutual SelectPairCorr
  0.99MMFQX Massmutual SelectPairCorr
  0.99MMFPX Massmutual SelectPairCorr
  0.99MMFOX Massmutual SelectPairCorr
  0.67MMFVX Massmutual Select FocusedPairCorr
  0.99MMFUX Massmutual SelectPairCorr
  0.99MMFTX Massmutual SelectPairCorr
  0.71MMIEX Mm Sp 500PairCorr
  0.98MMINX Mm Sp 500PairCorr

Related Correlations Analysis


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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