Massmutual Premier Correlations

MMBRX Fund

USD 10.95 0.03 0.27%

The current 90-days correlation between Massmutual Premier and Massmutual Select Mid is 0.07 (i.e., Significant diversification). The correlation of Massmutual Premier 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 Premier Correlation With Market

Almost no diversification

The correlation between Massmutual Premier Balanced and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier Balanced 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 Premier Balanced. 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 metropolitan statistical area.

Moving together with Massmutual Mutual Fund

0.87	MMBVX	Massmutual Select	Pair Corr
0.92	MMBUX	Massmutual Select	Pair Corr
0.87	MMBZX	Massmutual Select	Pair Corr
0.95	MMBYX	Massmutual Select	Pair Corr
0.95	MMBWX	Massmutual Select	Pair Corr
1.0	MMBDX	Massmutual Premier	Pair Corr
1.0	MMBLX	Massmutual Premier	Pair Corr
0.93	MMELX	Massmutual Select Mid	Pair Corr
0.98	MMDFX	Massmutual Select	Pair Corr
0.98	MMDDX	Massmutual Select	Pair Corr
0.98	MMDJX	Massmutual Select	Pair Corr
0.98	MMDHX	Massmutual Select	Pair Corr
0.92	MMDGX	Massmutual Select	Pair Corr
0.98	MMDMX	Massmutual Select	Pair Corr
0.98	MMDKX	Massmutual Select	Pair Corr
0.98	MMDOX	Massmutual Select	Pair Corr
0.98	MMFYX	Massmutual Select Focused	Pair Corr
0.98	MMFWX	Massmutual Select	Pair Corr
0.9	MMGEX	Massmutual Select Small	Pair Corr
0.96	MMFBX	Massmutual Select	Pair Corr
0.98	MMFFX	Mm Sp 500	Pair Corr
0.96	MMFEX	Massmutual Select	Pair Corr
0.96	MMFDX	Massmutual Select	Pair Corr
0.97	MMFJX	Massmutual Select	Pair Corr
0.89	MMFHX	Massmutual Select	Pair Corr
0.96	MMFGX	Massmutual Select	Pair Corr
0.97	MMFLX	Massmutual Select	Pair Corr
0.89	MMFKX	Massmutual Select	Pair Corr
0.98	MMFRX	Massmutual Select	Pair Corr
0.92	MMFQX	Massmutual Select	Pair Corr
0.98	MMFPX	Massmutual Select	Pair Corr

Related Correlations Analysis

	MLUAX	MLUFX	MLULX	MLUSX	MLUZX	MLUYX	MMBRX	MMBVX	MMBUX	MMBZX
MLUAX		0.99	0.63	0.99	0.99	1.0	-0.18	-0.05	-0.25	-0.06	MLUAX
MLUFX	0.99		0.61	1.0	1.0	1.0	-0.2	-0.06	-0.28	-0.07	MLUFX
MLULX	0.63	0.61		0.63	0.62	0.61	-0.13	-0.03	-0.18	-0.04	MLULX
MLUSX	0.99	1.0	0.63		1.0	1.0	-0.21	-0.07	-0.29	-0.07	MLUSX
MLUZX	0.99	1.0	0.62	1.0		1.0	-0.2	-0.06	-0.28	-0.07	MLUZX
MLUYX	1.0	1.0	0.61	1.0	1.0		-0.2	-0.06	-0.27	-0.06	MLUYX
MMBRX	-0.18	-0.2	-0.13	-0.21	-0.2	-0.2		0.87	0.92	0.87	MMBRX
MMBVX	-0.05	-0.06	-0.03	-0.07	-0.06	-0.06	0.87		0.87	1.0	MMBVX
MMBUX	-0.25	-0.28	-0.18	-0.29	-0.28	-0.27	0.92	0.87		0.87	MMBUX
MMBZX	-0.06	-0.07	-0.04	-0.07	-0.07	-0.06	0.87	1.0	0.87		MMBZX
	MLUAX	MLUFX	MLULX	MLUSX	MLUZX	MLUYX	MMBRX	MMBVX	MMBUX	MMBZX

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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

MLUYX	+ 1.0	MLUAX
MLUSX	+ 1.0	MLUFX
MLUZX	+ 1.0	MLUFX
MLUYX	+ 1.0	MLUFX
MLUZX	+ 1.0	MLUSX
MLUYX	+ 1.0	MLUSX

High negative correlations

MMBUX	- 0.29	MLUSX
MMBUX	- 0.28	MLUZX
MMBUX	- 0.28	MLUFX
MMBUX	- 0.27	MLUYX
MMBUX	- 0.25	MLUAX
MMBRX	- 0.21	MLUSX

Risk-Adjusted Indicators

There is a big difference between Massmutual Mutual Fund performing well and Massmutual Premier 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 Premier'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MLUAX	0.08	0.03	3.05	0.35	0.00	1.43
MLUFX	0.09	0.03	3.73	0.45	0.00	1.55
MLULX	0.04	0.00	(0.13)	0.00	0.00	1.28
MLUSX	0.09	0.03	3.21	0.44	0.00	1.43
MLUZX	0.08	0.03	3.41	0.45	0.00	1.45
MLUYX	0.09	0.03	3.70	0.36	0.00	1.53
MMBRX	0.71	0.02	(0.12)	1.09	(1.68)	7.06
MMBVX	0.43	(0.02)	0.45	0.72	(0.94)	3.72
MMBUX	1.17	(0.21)	1.66	2.11	(2.34)	12.42
MMBZX	0.43	(0.03)	0.53	0.79	(1.01)	3.62

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