Keeley Small Correlations

Mutual Funds . USA . 
Fund . Keeley Small Cap
KSDVX Fund  USD 19.97  0.07  0.35%   
The current 90-days correlation between Keeley Small Cap and Vanguard Global Credit is 0.17 (i.e., Average diversification). The correlation of Keeley Small 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 Small Correlation With Market

Very poor diversification

The correlation between Keeley Small Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keeley Small 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 Small 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 real.

Moving together with Keeley Mutual Fund

  0.96KMDVX Keeley Mid CapPairCorr
  0.97KMDIX Keeley Mid CapPairCorr
  1.0KSDIX Keeley Small CapPairCorr
  0.99KSMIX Keeley Small MidPairCorr
  0.93KSMVX Keeley Small MidPairCorr
  0.99VSIIX Vanguard Small CapPairCorr
  0.99VISVX Vanguard Small CapPairCorr
  0.99DFSVX Us Small CapPairCorr
  0.99DFFVX Us Targeted ValuePairCorr
  0.96UBVCX Undiscovered ManagersPairCorr
  0.97UBVAX Undiscovered ManagersPairCorr
  0.97UBVSX Undiscovered ManagersPairCorr
  0.99AVFIX American Beacon SmallPairCorr
  0.91RWSIX Redwood Systematic MacroPairCorr
  0.89LTFOX Lord Abbett AffiliatedPairCorr
  0.77RQECX Resq Dynamic AllocationPairCorr
  0.9AGTHX Growth FundPairCorr
  0.86VFINX Vanguard 500 IndexPairCorr
  0.93VTSAX Vanguard Total StockPairCorr
  0.9INDEX Sp 500 EqualPairCorr
  0.86FBALX Fidelity BalancedPairCorr
  0.84VWELX Vanguard WellingtonPairCorr
  0.91SCRYX Small Cap CorePairCorr
  0.86VFIAX Vanguard 500 IndexPairCorr
  0.82LLPFX Longleaf PartnersPairCorr
  0.72RCILX Alternative Credit IncomePairCorr
  0.82FCNTX Fidelity ContrafundPairCorr
  0.67DPG Duff And PhelpsPairCorr

Moving against Keeley Mutual Fund

  0.54LIIAX Columbia Porate IncomePairCorr
  0.53SRINX Columbia Porate IncomePairCorr
  0.53CIFRX Columbia Porate IncomePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
MGKAX
+ 0.75
WRLDX
WRLDX
+ 0.66
TRGLX
TRGLX
+ 0.62
HRLFX
WRLDX
+ 0.61
PEIEX
MGKAX
+ 0.53
TRGLX
TRGLX
+ 0.44
PEIEX
  
High negative correlations   
PEIEX
- 0.6
VGCAX
MGKAX
- 0.25
VGCAX
PEIEX
- 0.13
HRLFX
WRLDX
- 0.09
VGCAX
TRGLX
- 0.07
VGCAX

Risk-Adjusted Indicators

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