Keeley Small Correlations

Mutual Funds USA . 
Fund . Keeley Small Cap
KSDIX Fund  USD 16.61  0.06  0.36%   
The current 90-days correlation between Keeley Small Cap and Calvert Developed Market is 0.62 (i.e., Poor 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 0.81 (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 gross domestic product.

Moving together with Keeley Mutual Fund

  0.97KMDVX Keeley Mid CapPairCorr
  0.97KMDIX Keeley Mid CapPairCorr
  1.0KSDVX Keeley Small CapPairCorr
  0.99KSMIX Keeley Small MidPairCorr
  0.99KSMVX Keeley Small MidPairCorr
  0.99VSIIX Vanguard Small CapPairCorr
  0.99VISVX Vanguard Small CapPairCorr
  0.99DFSVX Us Small CapPairCorr
  0.99DFFVX Us Targeted ValuePairCorr
  0.99UBVCX Undiscovered ManagersPairCorr
  0.99UBVAX Undiscovered ManagersPairCorr
  0.99UBVSX Undiscovered ManagersPairCorr
  0.98AVFIX American Beacon SmallPairCorr
  0.92SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.92SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.92TTEEX T Rowe PricePairCorr
  0.93TREMX T Rowe PricePairCorr
  0.93FIKGX Fidelity Advisor SemPairCorr
  0.93ONERX One Rock Fund Steady GrowthPairCorr
  0.93FELCX Fidelity Advisor SemPairCorr
  0.93FELIX Fidelity Advisor SemPairCorr
  0.93FSELX Fidelity Select SemiPairCorr
  0.93FELAX Fidelity Advisor SemPairCorr
  0.8GCIGX Gamco InternationalPairCorr
  0.93PIDCX Pioneer SolutionsPairCorr
  0.95COMSX Dws CommunicationsPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.94TNBIX 1290 Smartbeta EquityPairCorr
  0.79FMFIX Free Market FixedPairCorr
  0.93THMGX Thornburg InvestmentPairCorr
  0.93MPACX Matthews Asia GrowthPairCorr
  0.99WPGTX Wpg Partners SmallmicroPairCorr
  0.8MLXIX Catalyst Mlp InfrastPairCorr
  0.92FFFCX Fidelity Freedom 2010PairCorr
  0.92MDIJX Mfs InternationalPairCorr
  0.95WSCYX Ivy Small CapPairCorr
  0.94CLSPX Columbia Mid CapPairCorr
  0.96MXCCX Federated Max CapPairCorr

Related Correlations Analysis

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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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