Keeley Small-mid Correlations

Mutual Funds . USA . 
Fund . Keeley Small Mid Cap
KSMIX Fund  USD 11.05  0.14  1.28%   
The current 90-days correlation between Keeley Small Mid and Ab Centrated Growth is 0.04 (i.e., Significant diversification). The correlation of Keeley Small-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 Small-mid Correlation With Market

Significant diversification

The correlation between Keeley Small Mid Cap and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keeley Small 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 Small 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

  0.94KMDVX Keeley Mid CapPairCorr
  0.98KMDIX Keeley Mid CapPairCorr
  0.92KSDIX Keeley Small CapPairCorr
  0.92KSDVX Keeley Small CapPairCorr
  0.94KSMVX Keeley Small MidPairCorr
  0.99VSIIX Vanguard Small CapPairCorr
  0.93VISVX Vanguard Small CapPairCorr
  0.89DFSVX Us Small CapPairCorr
  0.96DFFVX Us Targeted ValuePairCorr
  0.92UBVCX Undiscovered ManagersPairCorr
  0.92UBVAX Undiscovered ManagersPairCorr
  0.86UBVSX Undiscovered ManagersPairCorr
  0.91AVFIX American Beacon SmallPairCorr
  0.61IHIFX Ivy High IncomePairCorr
  0.61IVHIX Ivy High IncomePairCorr
  0.98RWSIX Redwood Systematic MacroPairCorr
  0.96LTFOX Lord Abbett AffiliatedPairCorr
  0.82RQECX Resq Dynamic AllocationPairCorr
  0.65MAAYX Morgan Stanley FocusPairCorr
  0.9AGTHX Growth FundPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.91VTSAX Vanguard Total StockPairCorr
  0.9INDEX Sp 500 EqualPairCorr
  0.93FBALX Fidelity BalancedPairCorr
  0.93VWELX Vanguard WellingtonPairCorr
  0.96SCRYX Small Cap CorePairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.85LLPFX Longleaf PartnersPairCorr
  0.79RCILX Alternative Credit IncomePairCorr
  0.91FCNTX Fidelity ContrafundPairCorr
  0.74DPG Duff And PhelpsPairCorr

Moving against Keeley Mutual Fund

  0.49LIIAX Columbia Porate IncomePairCorr
  0.49SRINX Columbia Porate IncomePairCorr
  0.49CIFRX 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 Small-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 Small-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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