Massmutual Premier Correlations

MMCBX Fund

USD 8.82 0.05 0.56%

The current 90-days correlation between Massmutual Premier and Virtus Convertible is 0.32 (i.e., Weak 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

Average diversification

The correlation between Massmutual Premier E and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier E 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 E. 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 labor statistics.

Moving together with Massmutual Mutual Fund

0.71	MMARX	Massmutual Retiresmart	Pair Corr
0.97	MMBEX	Massmutual Select	Pair Corr

Moving against Massmutual Mutual Fund

0.49	MMBUX	Massmutual Select	Pair Corr
0.64	MMGEX	Massmutual Select Small	Pair Corr
0.58	MMELX	Massmutual Select Mid	Pair Corr
0.4	MMFFX	Mm Sp 500	Pair Corr
0.41	MMINX	Mm Sp 500	Pair Corr
0.4	MMIEX	Mm Sp 500	Pair Corr

Related Correlations Analysis

	VAADX	ARBOX	GCV	PBXIX	FSAWX	LCFYX
VAADX		-0.59	0.62	0.95	-0.74	0.93	VAADX
ARBOX	-0.59		0.02	-0.44	0.97	-0.4	ARBOX
GCV	0.62	0.02		0.67	-0.18	0.72	GCV
PBXIX	0.95	-0.44	0.67		-0.61	0.92	PBXIX
FSAWX	-0.74	0.97	-0.18	-0.61		-0.58	FSAWX
LCFYX	0.93	-0.4	0.72	0.92	-0.58		LCFYX
	VAADX	ARBOX	GCV	PBXIX	FSAWX	LCFYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FSAWX	+ 0.97	ARBOX
PBXIX	+ 0.95	VAADX
LCFYX	+ 0.93	VAADX
LCFYX	+ 0.92	PBXIX
LCFYX	+ 0.72	GCV
PBXIX	+ 0.67	GCV

High negative correlations

FSAWX	- 0.74	VAADX
FSAWX	- 0.61	PBXIX
ARBOX	- 0.59	VAADX
LCFYX	- 0.58	FSAWX
PBXIX	- 0.44	ARBOX
LCFYX	- 0.4	ARBOX

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	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VAADX	0.69	(0.10)	0.00	(0.73)	0.00	1.16	(1.67)	4.38
ARBOX	0.05	0.02	1.35	0.45	(0.10)	0.09	(0.09)	0.44
GCV	1.05	0.02	0.00	(0.14)	0.00	2.17	(2.93)	9.28
PBXIX	0.48	(0.09)	0.00	(1.08)	0.00	0.82	(1.28)	3.63
FSAWX	0.09	0.04	2.07	(1.38)	(0.15)	0.28	(0.09)	0.47
LCFYX	0.72	(0.01)	0.00	(0.21)	0.00	1.10	(1.56)	3.99

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

2024 Macroaxis LLC