Massmutual Select Correlations

MSPSX Fund

USD 8.34 0.01 0.12%

The current 90-days correlation between Massmutual Select Total and Massmutual Select Total is 0.02 (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

Significant diversification

The correlation between Massmutual Select Total and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Select Total 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 Total. 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 state.

Moving together with Massmutual Mutual Fund

0.96	MMBEX	Massmutual Select	Pair Corr
0.7	MPSAX	Massmutual Premier	Pair Corr
0.78	MPSDX	Massmutual Premier	Pair Corr
0.78	MRCLX	Massmutual Retiresmart	Pair Corr
0.79	MRCVX	Massmutual Retiresmart	Pair Corr
0.65	MRMAX	Massmutual Retiresmart	Pair Corr

Related Correlations Analysis

	MSPZX	MSPHX	MSPGX	MSPLX	MSPNX	MSPSX	MBBRX	MBCGX	MBCLX
MSPZX		1.0	0.91	0.9	0.99	0.9	0.58	0.47	0.47	MSPZX
MSPHX	1.0		0.91	0.9	1.0	0.9	0.58	0.47	0.48	MSPHX
MSPGX	0.91	0.91		1.0	0.9	1.0	0.51	0.45	0.41	MSPGX
MSPLX	0.9	0.9	1.0		0.89	1.0	0.53	0.47	0.43	MSPLX
MSPNX	0.99	1.0	0.9	0.89		0.9	0.55	0.43	0.43	MSPNX
MSPSX	0.9	0.9	1.0	1.0	0.9		0.52	0.46	0.42	MSPSX
MBBRX	0.58	0.58	0.51	0.53	0.55	0.52		0.88	0.98	MBBRX
MBCGX	0.47	0.47	0.45	0.47	0.43	0.46	0.88		0.9	MBCGX
MBCLX	0.47	0.48	0.41	0.43	0.43	0.42	0.98	0.9		MBCLX
	MSPZX	MSPHX	MSPGX	MSPLX	MSPNX	MSPSX	MBBRX	MBCGX	MBCLX

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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
MSPZX	0.28	0.00	(0.61)	0.00	0.32	(0.31)	0.49	(0.60)	1.22
MSPHX	0.29	0.00	(0.58)	0.12	0.32	(0.32)	0.49	(0.60)	1.44
MSPGX	0.28	0.00	(0.61)	0.01	0.32	(0.30)	0.48	(0.60)	1.33
MSPLX	0.28	0.01	(0.58)	(0.75)	0.31	(0.31)	0.49	(0.60)	1.22
MSPNX	0.29	0.00	(0.58)	0.08	0.33	(0.32)	0.48	(0.60)	1.45
MSPSX	0.28	0.00	(0.64)	0.22	0.31	(0.30)	0.49	(0.60)	1.22
MBBRX	0.34	0.01	(0.24)	0.26	0.12	(0.41)	0.78	(0.50)	2.91
MBCGX	0.68	0.34	0.07	(1.12)	0.17	(0.86)	1.54	(0.97)	5.49
MBCLX	0.68	0.13	0.08	0.42	0.15	(0.86)	1.60	(0.97)	5.49

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Massmutual Select Correlations

Massmutual Select Correlation With Market

Significant diversification

Moving together with Massmutual Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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