Mmngx Correlations

MMNGX Fund

19.08 0.22 1.14%

The current 90-days correlation between Mmngx and Massmutual Premier Balanced is 0.95 (i.e., Almost no diversification). The correlation of Mmngx 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.

Mmngx Correlation With Market

Almost no diversification

The correlation between Mmngx and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mmngx 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 Mmngx. 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 price.

Moving together with Mmngx Mutual Fund

0.68	MMCBX	Massmutual Premier	Pair Corr
0.72	MMBEX	Massmutual Select	Pair Corr
0.99	MMBLX	Massmutual Premier	Pair Corr
0.96	MMDJX	Massmutual Select	Pair Corr
0.99	MMDGX	Massmutual Select	Pair Corr
0.99	MMDMX	Massmutual Select	Pair Corr
0.99	MMDOX	Massmutual Select	Pair Corr
0.96	MMFFX	Mm Sp 500	Pair Corr
0.96	MMFDX	Massmutual Select	Pair Corr
0.96	MMFLX	Massmutual Select	Pair Corr
0.99	MMFVX	Massmutual Select Focused	Pair Corr
0.99	MMLRX	Massmutual Select	Pair Corr
0.99	MMNSX	Massmutual 8020 Allo	Pair Corr
0.96	MMSVX	Massmutual Select	Pair Corr
0.99	MMTIX	Massmutual Select	Pair Corr
0.99	MMTFX	Massmutual Select	Pair Corr
0.99	MMSKX	Massmutual Select	Pair Corr
0.99	MMXDX	Massmutual Select	Pair Corr
0.99	MOGAX	Massmutual Retiresmart	Pair Corr
0.99	MOORX	Massmutual Premier Small	Pair Corr
0.94	MRCZX	Massmutual Retiresmart	Pair Corr
0.99	MRGUX	Massmutual Retiresmart	Pair Corr
0.99	MRGVX	Massmutual Retiresmart	Pair Corr
0.98	MRMLX	Massmutual Retiresmart	Pair Corr
0.99	MROTX	Massmutual Retiresmart	Pair Corr
0.99	MRSSX	Massmutual Retiresmart	Pair Corr
0.99	MSCLX	Massmutual Premier Small	Pair Corr
0.99	MSOOX	Massmutual Premier Small	Pair Corr

Related Correlations Analysis

	MMBRX	MMBVX	MMBUX	MMBZX	MMBYX	MMBWX	MMCBX	MMARX	MMBEX	MMBDX
MMBRX		0.96	0.99	0.99	0.96	0.99	0.72	0.0	0.77	1.0	MMBRX
MMBVX	0.96		0.96	0.98	1.0	0.98	0.76	0.0	0.79	0.96	MMBVX
MMBUX	0.99	0.96		0.99	0.96	0.99	0.67	0.0	0.72	0.99	MMBUX
MMBZX	0.99	0.98	0.99		0.98	1.0	0.73	0.0	0.79	0.99	MMBZX
MMBYX	0.96	1.0	0.96	0.98		0.98	0.76	0.0	0.79	0.96	MMBYX
MMBWX	0.99	0.98	0.99	1.0	0.98		0.73	0.0	0.8	0.99	MMBWX
MMCBX	0.72	0.76	0.67	0.73	0.76	0.73		0.0	0.91	0.72	MMCBX
MMARX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MMARX
MMBEX	0.77	0.79	0.72	0.79	0.79	0.8	0.91	0.0		0.77	MMBEX
MMBDX	1.0	0.96	0.99	0.99	0.96	0.99	0.72	0.0	0.77		MMBDX
	MMBRX	MMBVX	MMBUX	MMBZX	MMBYX	MMBWX	MMCBX	MMARX	MMBEX	MMBDX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MMBDX	+ 1.0	MMBRX
MMBYX	+ 1.0	MMBVX
MMBWX	+ 1.0	MMBZX
MMBUX	+ 0.99	MMBRX
MMBZX	+ 0.99	MMBRX
MMBWX	+ 0.99	MMBRX

High negative correlations

MMBDX	- 0.0	MMARX
MMBEX	- 0.0	MMARX
MMARX	- 0.0	MMCBX
MMARX	- 0.0	MMBWX
MMARX	- 0.0	MMBYX
MMARX	- 0.0	MMBZX

Risk-Adjusted Indicators

There is a big difference between Mmngx Mutual Fund performing well and Mmngx 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 Mmngx'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
MMBRX	0.56	0.01	(0.09)	0.26	0.49	(0.71)	1.43	(1.20)	7.06
MMBVX	0.31	0.14	(0.24)	(0.89)	0.15	(0.37)	0.76	(0.76)	3.72
MMBUX	0.95	0.02	0.03	0.26	0.98	(1.09)	2.11	(2.14)	12.42
MMBZX	0.29	0.04	(0.25)	0.37	0.00	(0.37)	0.79	(0.58)	3.62
MMBYX	0.31	0.13	(0.25)	(0.94)	0.10	(0.38)	0.76	(0.75)	3.56
MMBWX	0.30	0.04	(0.25)	0.37	0.00	(0.37)	0.79	(0.61)	3.64
MMCBX	0.27	0.01	(0.55)	0.11	0.36	(0.30)	0.46	(0.57)	1.34
MMARX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MMBEX	0.19	0.01	(0.93)	0.78	0.16	(0.23)	0.46	(0.35)	1.05
MMBDX	0.56	0.01	(0.09)	0.26	0.48	(0.69)	1.39	(1.26)	7.16

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC