Massmutual Select Correlations

MMFBX Fund  USD 14.22  0.04  0.28%   
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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. 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

  0.99FSNKX Fidelity Freedom 2010PairCorr
  1.0PARAX T Rowe PricePairCorr
  0.99AAATX American Funds 2010PairCorr
  0.99FAATX American Funds 2010PairCorr
  0.99CCATX American Funds 2010PairCorr
  0.99FFFCX Fidelity Freedom 2010PairCorr
  0.96FOTKX Fidelity Freedom 2010PairCorr
  0.99REATX American Funds 2010PairCorr
  0.99RAATX American Funds 2010PairCorr
  0.97HLDIX Hartford EmergingPairCorr
  0.87HLDRX Hartford EmergingPairCorr
  0.97HLDAX Hartford EmergingPairCorr
  0.97HLDCX Hartford EmergingPairCorr
  0.97HLDTX Hartford EmergingPairCorr
  0.98CSRYX Columbia Select LargePairCorr
  0.99DQIYX Dreyfus Equity IncomePairCorr
  0.92RIVKX American Funds InterPairCorr
  0.95FDEGX Fidelity Growth StraPairCorr
  0.94PSHAX Short Term FundPairCorr
  0.96FISVX Fidelity Small CapPairCorr

Moving against Massmutual Mutual Fund

  0.59MCD McDonaldsPairCorr
  0.42TRV The Travelers CompaniesPairCorr

Related Correlations Analysis

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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.