Massmutual Retiresmart Correlations

MROYX Fund

USD 9.45 0.04 0.43%

The current 90-days correlation between Massmutual Retiresmart and Old Westbury Municipal is 0.21 (i.e., Modest diversification). The correlation of Massmutual Retiresmart 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 Retiresmart Correlation With Market

Good diversification

The correlation between Massmutual Retiresmart Moderat and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Retiresmart Moderat 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 Retiresmart Moderate. 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

0.62	MMBRX	Massmutual Premier	Pair Corr
0.62	MMBVX	Massmutual Select	Pair Corr
0.63	MMBZX	Massmutual Select	Pair Corr
0.62	MMBYX	Massmutual Select	Pair Corr
0.63	MMBWX	Massmutual Select	Pair Corr
0.65	MMBDX	Massmutual Premier	Pair Corr
0.64	MMDFX	Massmutual Select	Pair Corr
0.99	MMDHX	Massmutual Select	Pair Corr
0.64	MMDOX	Massmutual Select	Pair Corr
0.61	MMFYX	Massmutual Select Focused	Pair Corr
0.64	MMFWX	Massmutual Select	Pair Corr
0.62	MMFBX	Massmutual Select	Pair Corr
0.62	MMFEX	Massmutual Select	Pair Corr
0.62	MMFJX	Massmutual Select	Pair Corr
0.62	MMFHX	Massmutual Select	Pair Corr
0.62	MMFLX	Massmutual Select	Pair Corr
0.61	MMFRX	Massmutual Select	Pair Corr
0.61	MMFPX	Massmutual Select	Pair Corr
0.64	MMFOX	Massmutual Select	Pair Corr
0.62	MMFVX	Massmutual Select Focused	Pair Corr
0.61	MMFUX	Massmutual Select	Pair Corr
0.61	MMFTX	Massmutual Select	Pair Corr

Related Correlations Analysis

	OWMBX	JHSFX	RGVAX	FCSCX	ATOAX	SSAGX	TWTIX
OWMBX		0.99	0.56	0.68	0.93	0.96	0.92	OWMBX
JHSFX	0.99		0.6	0.73	0.94	0.97	0.95	JHSFX
RGVAX	0.56	0.6		0.89	0.59	0.6	0.54	RGVAX
FCSCX	0.68	0.73	0.89		0.76	0.73	0.67	FCSCX
ATOAX	0.93	0.94	0.59	0.76		0.97	0.84	ATOAX
SSAGX	0.96	0.97	0.6	0.73	0.97		0.86	SSAGX
TWTIX	0.92	0.95	0.54	0.67	0.84	0.86		TWTIX
	OWMBX	JHSFX	RGVAX	FCSCX	ATOAX	SSAGX	TWTIX

Risk-Adjusted Indicators

There is a big difference between MASSMUTUAL Mutual Fund performing well and Massmutual Retiresmart 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 Retiresmart'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
OWMBX	0.06	0.02	(0.76)	3.55	0.00	(0.11)	0.17	(0.09)	0.44
JHSFX	0.08	0.02	(0.73)	(2.73)	0.00	(0.16)	0.20	(0.10)	0.60
RGVAX	0.24	0.03	(0.26)	0.77	0.12	(0.29)	0.51	(0.34)	1.43
FCSCX	0.06	0.00	(0.68)	0.00	0.00	(0.21)	0.27	(0.13)	0.54
ATOAX	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.20
SSAGX	0.04	0.01	0.00	6.63	0.00	0.00	0.10	(0.10)	0.51
TWTIX	0.09	0.01	(0.70)	(1.07)	0.00	(0.16)	0.19	(0.19)	0.57

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Massmutual Retiresmart Correlations

Massmutual Retiresmart Correlation With Market

Good diversification

Moving together with MASSMUTUAL Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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