Keeley Small-mid Correlations

Mutual Funds . USA . 
Fund . Keeley Small Mid Cap
KSMVX Fund  USD 9.12  0.02  0.22%   
The current 90-days correlation between Keeley Small Mid and Keeley Mid Cap is 0.97 (i.e., Almost no 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

Very poor diversification

The correlation between Keeley Small Mid Cap and DJI is 0.82 (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 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 real.

Moving together with Keeley Mutual Fund

  0.99KMDVX Keeley Mid CapPairCorr
  0.99KMDIX Keeley Mid CapPairCorr
  0.99KSDIX Keeley Small CapPairCorr
  0.99KSDVX Keeley Small CapPairCorr
  1.0KSMIX Keeley Small MidPairCorr
  0.99VSIIX Vanguard Small CapPairCorr
  0.99VISVX Vanguard Small CapPairCorr
  0.98DFSVX Us Small CapPairCorr
  0.98DFFVX Us Targeted ValuePairCorr
  0.97UBVCX Undiscovered ManagersPairCorr
  0.97UBVAX Undiscovered ManagersPairCorr
  0.97UBVSX Undiscovered ManagersPairCorr
  0.98AVFIX American Beacon SmallPairCorr
  0.93SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.93SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.93TTEEX T Rowe PricePairCorr
  0.93TREMX T Rowe PricePairCorr
  0.95FIKGX Fidelity Advisor SemPairCorr
  0.95ONERX One Rock Fund Steady GrowthPairCorr
  0.95FELCX Fidelity Advisor SemPairCorr
  0.95FELIX Fidelity Advisor SemPairCorr
  0.95FSELX Fidelity Select SemiPairCorr
  0.95FELAX Fidelity Advisor SemPairCorr
  0.83GCIGX Gamco InternationalPairCorr
  0.95PIDCX Pioneer SolutionsPairCorr
  0.98COMSX Dws CommunicationsPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.97TNBIX 1290 Smartbeta EquityPairCorr
  0.8FMFIX Free Market FixedPairCorr
  0.96THMGX Thornburg InvestmentPairCorr
  0.96MPACX Matthews Asia GrowthPairCorr
  0.99WPGTX Wpg Partners SmallmicroPairCorr
  0.81MLXIX Catalyst Mlp InfrastPairCorr
  0.93FFFCX Fidelity Freedom 2010PairCorr
  0.95MDIJX Mfs InternationalPairCorr
  0.98WSCYX Ivy Small CapPairCorr
  0.96CLSPX Columbia Mid CapPairCorr
  0.98MXCCX Federated Max CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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