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.
Massmutual |
Moving together with Massmutual Mutual Fund
0.99 | FSNKX | Fidelity Freedom 2010 | PairCorr |
1.0 | PARAX | T Rowe Price | PairCorr |
0.99 | AAATX | American Funds 2010 | PairCorr |
0.99 | FAATX | American Funds 2010 | PairCorr |
0.99 | CCATX | American Funds 2010 | PairCorr |
0.99 | FFFCX | Fidelity Freedom 2010 | PairCorr |
0.96 | FOTKX | Fidelity Freedom 2010 | PairCorr |
0.99 | REATX | American Funds 2010 | PairCorr |
0.99 | RAATX | American Funds 2010 | PairCorr |
0.97 | HLDIX | Hartford Emerging | PairCorr |
0.87 | HLDRX | Hartford Emerging | PairCorr |
0.97 | HLDAX | Hartford Emerging | PairCorr |
0.97 | HLDCX | Hartford Emerging | PairCorr |
0.97 | HLDTX | Hartford Emerging | PairCorr |
0.98 | CSRYX | Columbia Select Large | PairCorr |
0.99 | DQIYX | Dreyfus Equity Income | PairCorr |
0.92 | RIVKX | American Funds Inter | PairCorr |
0.95 | FDEGX | Fidelity Growth Stra | PairCorr |
0.94 | PSHAX | Short Term Fund | PairCorr |
0.96 | FISVX | Fidelity Small Cap | PairCorr |
Moving against Massmutual Mutual Fund
Related Correlations Analysis
0.97 | 0.98 | 0.99 | 0.99 | 1.0 | SGYAX | ||
0.97 | 0.98 | 0.98 | 0.99 | 0.98 | APDFX | ||
0.98 | 0.98 | 0.97 | 0.97 | 0.98 | PARJX | ||
0.99 | 0.98 | 0.97 | 0.99 | 0.99 | PRHCX | ||
0.99 | 0.99 | 0.97 | 0.99 | 0.98 | VRHYX | ||
1.0 | 0.98 | 0.98 | 0.99 | 0.98 | MWHIX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
SGYAX | 0.17 | 0.04 | (0.68) | 0.50 | 0.00 | 0.59 | 0.99 | |||
APDFX | 0.14 | 0.08 | (0.89) | (3.53) | 0.00 | 0.55 | 0.90 | |||
PARJX | 0.29 | 0.04 | (0.17) | 0.30 | 0.00 | 0.98 | 2.13 | |||
PRHCX | 0.16 | 0.07 | (0.61) | (4.13) | 0.00 | 0.44 | 0.85 | |||
VRHYX | 0.19 | 0.10 | (0.44) | (1.20) | 0.00 | 0.55 | 1.07 | |||
MWHIX | 0.13 | 0.03 | (0.83) | 0.49 | 0.00 | 0.55 | 1.00 |