Massmutual Retiresmart Correlations

MRCYX Fund

USD 9.26 0.03 0.33%

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.

Massmutual Retiresmart Correlation With Market

Weak diversification

The correlation between Massmutual Retiresmart Servati and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massmutual Retiresmart Servati 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 Retiresmart Servative. 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 manufacturing.

Moving together with Massmutual Mutual Fund

0.91	MMCBX	Massmutual Premier	Pair Corr
0.93	MMBEX	Massmutual Select	Pair Corr

Moving against Massmutual Mutual Fund

0.35

MMFFX

Mm Sp 500

Pair Corr

Related Correlations Analysis

	ARTFX	MFHVX	BHYRX	PGHCX	WAYCX	ACHFX
ARTFX		0.89	0.85	0.97	0.93	0.95	ARTFX
MFHVX	0.89		0.78	0.87	0.8	0.81	MFHVX
BHYRX	0.85	0.78		0.9	0.9	0.91	BHYRX
PGHCX	0.97	0.87	0.9		0.96	0.98	PGHCX
WAYCX	0.93	0.8	0.9	0.96		0.98	WAYCX
ACHFX	0.95	0.81	0.91	0.98	0.98		ACHFX
	ARTFX	MFHVX	BHYRX	PGHCX	WAYCX	ACHFX

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARTFX	0.12	0.04	(0.64)	(1.05)	(0.21)	0.33	(0.22)	1.01
MFHVX	0.11	0.00	(0.51)	0.17	(0.16)	0.24	(0.12)	1.05
BHYRX	0.12	0.01	(0.57)	0.28	(0.21)	0.28	(0.28)	0.85
PGHCX	0.13	0.03	(0.36)	(1.00)	(0.34)	0.53	(0.26)	0.80
WAYCX	0.13	0.02	(0.48)	(2.52)	(0.22)	0.29	(0.29)	1.02
ACHFX	0.13	0.02	(0.59)	(0.99)	(0.21)	0.35	(0.23)	0.93

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