Massmutual Premier Correlations

MPSAX Fund

USD 9.31 0.01 0.11%

The current 90-days correlation between Massmutual Premier and Morningstar Defensive Bond is 0.08 (i.e., Significant 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

Good diversification

The correlation between Massmutual Premier Inflation P and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Premier Inflation P 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 Inflation Protected. 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 nation.

Moving together with Massmutual Mutual Fund

0.97	VIPSX	Vanguard Inflation-protec	Pair Corr
0.97	VIPIX	Vanguard Inflation-protec	Pair Corr
0.97	VAIPX	Vanguard Inflation-protec	Pair Corr
0.92	FLIBX	American Funds Inflation	Pair Corr
0.93	FIBLX	American Funds Inflation	Pair Corr
0.9	BFICX	American Funds Inflation	Pair Corr
0.92	BFIAX	American Funds Inflation	Pair Corr
0.93	BFIFX	American Funds Inflation	Pair Corr
0.99	PARRX	Real Return Fund	Pair Corr
0.99	PRLPX	Pimco Real Return	Pair Corr

Moving against Massmutual Mutual Fund

0.4	MCD	McDonalds	Pair Corr
0.34	WMT	Walmart Sell-off Trend	Pair Corr

Related Correlations Analysis

	MSTBX	GHVIX	UIITX	SGYAX	PRVBX	MBSAX	ABNTX
MSTBX		0.87	0.91	0.91	0.95	0.91	0.91	MSTBX
GHVIX	0.87		0.78	0.98	0.81	0.97	0.77	GHVIX
UIITX	0.91	0.78		0.83	0.84	0.87	0.84	UIITX
SGYAX	0.91	0.98	0.83		0.86	0.98	0.81	SGYAX
PRVBX	0.95	0.81	0.84	0.86		0.84	0.93	PRVBX
MBSAX	0.91	0.97	0.87	0.98	0.84		0.82	MBSAX
ABNTX	0.91	0.77	0.84	0.81	0.93	0.82		ABNTX
	MSTBX	GHVIX	UIITX	SGYAX	PRVBX	MBSAX	ABNTX

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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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSTBX	0.10	0.01	(1.35)	1.07	0.00	(0.14)	0.21	(0.21)	0.41
GHVIX	0.17	0.09	(0.60)	(1.27)	0.00	(0.23)	0.48	(0.29)	1.35
UIITX	0.25	0.00	(0.57)	0.22	0.22	(0.28)	0.44	(0.44)	1.21
SGYAX	0.17	0.04	(0.68)	0.50	0.00	(0.29)	0.59	(0.14)	0.99
PRVBX	0.09	0.02	(1.22)	(6.84)	0.00	(0.10)	0.20	(0.17)	0.63
MBSAX	0.25	0.02	(0.35)	0.30	0.07	(0.30)	0.52	(0.50)	1.62
ABNTX	0.14	0.02	(0.72)	(1.81)	0.05	(0.17)	0.29	(0.29)	1.08

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