Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMFLX Fund  USD 15.53  0.03  0.19%   
The current 90-days correlation between Massmutual Select and Balanced Fund Retail is -0.06 (i.e., Good diversification). 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 Select Correlation With Market

Very poor diversification

The correlation between Massmutual Select T and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select T 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 Select T. 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 economic analysis.

Moving together with Massmutual Mutual Fund

  1.0MMBRX Massmutual PremierPairCorr
  0.99MMBVX Massmutual SelectPairCorr
  0.97MMBUX Massmutual SelectPairCorr
  0.99MMBZX Massmutual SelectPairCorr
  0.99MMBYX Massmutual SelectPairCorr
  0.99MMBWX Massmutual SelectPairCorr
  0.83MMCBX Massmutual PremierPairCorr
  0.79MMBEX Massmutual SelectPairCorr
  1.0MMBDX Massmutual PremierPairCorr
  1.0MMBLX Massmutual PremierPairCorr
  0.98MMELX Massmutual Select MidPairCorr
  0.98MMDFX Massmutual SelectPairCorr
  1.0MMDDX Massmutual SelectPairCorr
  1.0MMDJX Massmutual SelectPairCorr
  0.98MMDHX Massmutual SelectPairCorr
  0.98MMDGX Massmutual SelectPairCorr
  0.98MMDMX Massmutual SelectPairCorr
  1.0MMDKX Massmutual SelectPairCorr
  0.98MMDOX Massmutual SelectPairCorr
  0.98MMFZX Massmutual SelectPairCorr
  0.98MMFYX Massmutual Select FocusedPairCorr
  1.0MMFWX Massmutual SelectPairCorr
  0.98MMGEX Massmutual Select SmallPairCorr
  1.0MMFBX Massmutual SelectPairCorr
  1.0MMFFX Mm Sp 500PairCorr
  1.0MMFEX Massmutual SelectPairCorr
  1.0MMFDX Massmutual SelectPairCorr
  1.0MMFJX Massmutual SelectPairCorr
  0.98MMFHX Massmutual SelectPairCorr
  0.99MMFGX Massmutual SelectPairCorr
  0.99MMFKX Massmutual SelectPairCorr
  0.98MMFRX Massmutual SelectPairCorr
  1.0MMFQX Massmutual SelectPairCorr
  1.0MMFPX Massmutual SelectPairCorr
  1.0MMFOX Massmutual SelectPairCorr
  0.98MMFVX Massmutual Select FocusedPairCorr
  0.98MMFUX Massmutual SelectPairCorr
  1.0MMFTX Massmutual SelectPairCorr

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.

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