Massmutual Retiresmart Correlations

MRCZX Fund

USD 9.19 0.03 0.33%

The current 90-days correlation between Massmutual Retiresmart and Real Estate Ultrasector is 0.51 (i.e., Very weak diversification). The correlation of Massmutual Retiresmart 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 nation.

Moving together with MASSMUTUAL Mutual Fund

0.69	MMBVX	Massmutual Select	Pair Corr
0.75	MMCBX	Massmutual Premier	Pair Corr
0.63	MMARX	Massmutual Retiresmart	Pair Corr

Moving against MASSMUTUAL Mutual Fund

0.38	MMBUX	Massmutual Select	Pair Corr
0.38	MMGEX	Massmutual Select Small	Pair Corr
0.34	MMELX	Massmutual Select Mid	Pair Corr

Related Correlations Analysis

	REPIX	VGSIX	PAREX	FREEX	FORFX	ZRPTUX	SEIRX
REPIX		0.99	0.87	0.82	0.66	0.56	0.84	REPIX
VGSIX	0.99		0.86	0.81	0.63	0.53	0.82	VGSIX
PAREX	0.87	0.86		0.96	0.69	0.61	0.98	PAREX
FREEX	0.82	0.81	0.96		0.65	0.61	0.96	FREEX
FORFX	0.66	0.63	0.69	0.65		0.61	0.6	FORFX
ZRPTUX	0.56	0.53	0.61	0.61	0.61		0.59	ZRPTUX
SEIRX	0.84	0.82	0.98	0.96	0.6	0.59		SEIRX
	REPIX	VGSIX	PAREX	FREEX	FORFX	ZRPTUX	SEIRX

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Risk-Adjusted Indicators

There is a big difference between MASSMUTUAL Mutual Fund performing well and Massmutual Retiresmart 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 Retiresmart'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
REPIX	1.28	0.07	0.08	(0.21)	1.63	(1.32)	2.46	(2.65)	7.54
VGSIX	0.86	0.03	0.07	(0.15)	1.13	(0.82)	1.64	(1.97)	4.57
PAREX	0.86	0.04	0.08	(0.23)	1.10	(0.86)	1.65	(1.80)	4.47
FREEX	0.83	0.10	0.10	0.10	1.04	(0.86)	1.62	(1.68)	4.73
FORFX	0.05	0.01	0.00	1.33	0.00	0.00	0.10	0.00	0.72
ZRPTUX	0.06	(0.01)	0.11	(3.55)	0.12	(0.12)	0.08	(0.08)	0.98
SEIRX	0.84	0.08	0.08	0.07	1.05	(0.87)	1.62	(1.72)	4.42

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Massmutual Retiresmart Correlations

Moving together with MASSMUTUAL Mutual Fund

Moving against MASSMUTUAL Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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