Massmutual Select Correlations

Mutual Funds . USA . 
Fund . Massmutual Select T
MMSVX Fund  USD 19.87  0.08  0.40%   
The current 90-days correlation between Massmutual Select and Lord Abbett Convertible is 0.09 (i.e., Significant 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

Average diversification

The correlation between Massmutual Select T and DJI is 0.11 (i.e., Average 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 real.

Moving together with Massmutual Mutual Fund

  1.0MMDJX Massmutual SelectPairCorr
  0.99MMFEX Massmutual SelectPairCorr
  0.67MPSAX Massmutual PremierPairCorr
  0.93MRCSX Massmutual RetiresmartPairCorr
  1.0MRGLX Massmutual RetiresmartPairCorr

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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