Keeley Mid Correlations

Mutual Funds . USA . 
Fund . Keeley Mid Cap
KMDIX Fund  USD 30.97  0.01  0.03%   
The current 90-days correlation between Keeley Mid Cap and Victory Sycamore Established is 0.95 (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

Very poor diversification

The correlation between Keeley Mid 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 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
  0.99KSMIX Keeley Small MidPairCorr
  0.99KSMVX Keeley Small MidPairCorr
  0.99VMVAX Vanguard Mid CapPairCorr
  0.99JVMAX John Hancock DisciplinedPairCorr
  0.99JVMIX John Hancock DisciplinedPairCorr
  0.99VMVIX Vanguard Mid CapPairCorr
  0.97JMVZX Jpmorgan Mid CapPairCorr
  0.97JMVRX Jpmorgan Mid CapPairCorr
  0.97JMVQX Jpmorgan Mid CapPairCorr
  0.97JMVYX Jpmorgan Mid CapPairCorr
  0.97JMVPX Jpmorgan Mid CapPairCorr
  0.97VETAX Victory Sycamore EstPairCorr
  0.99ASG Liberty All StarPairCorr
  0.89IIF Morgan Stanley IndiaPairCorr
  0.98CII Blackrock EnhancedPairCorr
  0.83IFN India ClosedPairCorr
  0.97ETV Eaton Vance TaxPairCorr
  0.91CLM Cornerstone StrategicPairCorr
  0.9CRF Cornerstone StrategicPairCorr
  0.98USA Liberty All StarPairCorr
  0.98ETY Eaton Vance TaxPairCorr
  0.95NFJ Virtus Dividend InterestPairCorr
  0.66GABXX Gabelli MoneyPairCorr
  0.98SBTOX Sanford C BernsteinPairCorr
  0.97ZDIVX Zacks DividendPairCorr
  0.98TASMX Transamerica Smallmid CapPairCorr
  0.98ACMDX Absolute Capital DefenderPairCorr
  0.93BTO John Hancock FinancialPairCorr
  0.98CMAIX Invesco ServativePairCorr
  0.97DODBX Dodge BalancedPairCorr
  0.91PLMIX Pimco Emerging MarketsPairCorr
  0.89FNCSX Franklin Natural ResPairCorr
  0.98POMDX Pacific Funds PortfolioPairCorr
  0.98GITAX Goldman Sachs TechnologyPairCorr

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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