Keeley Mid Correlations

Mutual Funds . USA . 
Fund . Keeley Mid Cap
KMDIX Fund  USD 34.06  0.05  0.15%   
The current 90-days correlation between Keeley Mid Cap and Victory Sycamore Established is 0.93 (i.e., Almost no diversification). The correlation of Keeley Mid 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.

Keeley Mid Correlation With Market

Almost no diversification

The correlation between Keeley Mid Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keeley Mid Cap 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 Keeley Mid Cap. 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 gross domestic product.

Moving together with Keeley Mutual Fund

  1.0KMDVX Keeley Mid CapPairCorr
  0.97KSDIX Keeley Small CapPairCorr
  0.97KSDVX Keeley Small CapPairCorr
  0.98KSMIX Keeley Small MidPairCorr
  0.94KSMVX Keeley Small MidPairCorr
  0.7FLPKX Fidelity Low PricedPairCorr
  0.98VMVAX Vanguard Mid CapPairCorr
  0.98JVMAX John Hancock DisciplinedPairCorr
  0.98JVMIX John Hancock DisciplinedPairCorr
  0.98VMVIX Vanguard Mid CapPairCorr
  0.99JMVZX Jpmorgan Mid CapPairCorr
  0.99JMVRX Jpmorgan Mid CapPairCorr
  0.94JMVQX Jpmorgan Mid CapPairCorr
  0.99JMVYX Jpmorgan Mid CapPairCorr
  0.64IHIFX Ivy High IncomePairCorr
  0.65IVHIX Ivy High IncomePairCorr
  0.95VWENX Vanguard WellingtonPairCorr
  0.96VTMFX Vanguard Tax ManagedPairCorr
  0.98WBCIX William Blair SmallPairCorr
  0.98GRSPX Greenspring Fund RetailPairCorr
  0.93FPURX Fidelity PuritanPairCorr
  0.68VTHRX Vanguard Target RetiPairCorr
  0.72WAEXX Western Asset PremierPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.96CMEUX Six Circles ManagedPairCorr
  0.87FEMDX Franklin Emerging MarketPairCorr
  0.93VSMVX Vanguard Sp SmallPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.9FFIDX Fidelity Fund FidelityPairCorr
  0.95VGOSX Voya Large CapPairCorr
  0.98VTSAX Vanguard Total StockPairCorr

Moving against Keeley Mutual Fund

  0.59LIIAX Columbia Porate IncomePairCorr
  0.58SRINX Columbia Porate IncomePairCorr
  0.57CIFRX Columbia Porate IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Keeley Mutual Fund performing well and Keeley Mid 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 Keeley Mid'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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