Keeley Small Correlations

KSDIX Fund

USD 19.82 0.28 1.43%

The current 90-days correlation between Keeley Small Cap and Keeley Mid Cap is 0.97 (i.e., Almost no 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 gross domestic product.

Moving together with Keeley Mutual Fund

0.96	KMDVX	Keeley Mid Cap	Pair Corr
0.9	KMDIX	Keeley Mid Cap	Pair Corr
1.0	KSDVX	Keeley Small Cap	Pair Corr
0.92	KSMIX	Keeley Small Mid	Pair Corr
0.99	KSMVX	Keeley Small Mid	Pair Corr
0.92	VSIIX	Vanguard Small Cap	Pair Corr
0.99	VISVX	Vanguard Small Cap	Pair Corr
0.99	DFSVX	Us Small Cap	Pair Corr
0.92	DFFVX	Us Targeted Value	Pair Corr
0.86	UBVCX	Undiscovered Managers	Pair Corr
0.87	UBVAX	Undiscovered Managers	Pair Corr
0.96	UBVSX	Undiscovered Managers	Pair Corr
0.99	AVFIX	American Beacon Small	Pair Corr
0.9	RWSIX	Redwood Systematic Macro	Pair Corr
0.89	LTFOX	Lord Abbett Affiliated	Pair Corr
0.77	RQECX	Resq Dynamic Allocation	Pair Corr
0.9	AGTHX	Growth Fund	Pair Corr
0.86	VFINX	Vanguard 500 Index	Pair Corr
0.93	VTSAX	Vanguard Total Stock	Pair Corr
0.91	INDEX	Sp 500 Equal	Pair Corr
0.86	FBALX	Fidelity Balanced	Pair Corr
0.85	VWELX	Vanguard Wellington	Pair Corr
0.91	SCRYX	Small Cap Core	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.82	LLPFX	Longleaf Partners	Pair Corr
0.73	RCILX	Alternative Credit Income	Pair Corr
0.83	FCNTX	Fidelity Contrafund	Pair Corr
0.71	DPG	Duff And Phelps	Pair Corr

Moving against Keeley Mutual Fund

0.51	LIIAX	Columbia Porate Income	Pair Corr
0.5	SRINX	Columbia Porate Income	Pair Corr
0.5	CIFRX	Columbia Porate Income	Pair Corr

Related Correlations Analysis

	KMDVX	KMDIX	KSMIX	KSMVX	VWENX	VEIPX	MAAYX	FXAIX	VSMVX	SCRYX
KMDVX		0.95	0.94	0.98	0.96	0.97	0.63	0.94	0.93	0.89	KMDVX
KMDIX	0.95		0.98	0.93	0.91	0.93	0.62	0.97	0.86	0.94	KMDIX
KSMIX	0.94	0.98		0.94	0.89	0.89	0.65	0.94	0.9	0.96	KSMIX
KSMVX	0.98	0.93	0.94		0.93	0.93	0.65	0.89	0.97	0.9	KSMVX
VWENX	0.96	0.91	0.89	0.93		0.96	0.6	0.93	0.87	0.88	VWENX
VEIPX	0.97	0.93	0.89	0.93	0.96		0.59	0.93	0.85	0.85	VEIPX
MAAYX	0.63	0.62	0.65	0.65	0.6	0.59		0.59	0.52	0.51	MAAYX
FXAIX	0.94	0.97	0.94	0.89	0.93	0.93	0.59		0.82	0.9	FXAIX
VSMVX	0.93	0.86	0.9	0.97	0.87	0.85	0.52	0.82		0.91	VSMVX
SCRYX	0.89	0.94	0.96	0.9	0.88	0.85	0.51	0.9	0.91		SCRYX
	KMDVX	KMDIX	KSMIX	KSMVX	VWENX	VEIPX	MAAYX	FXAIX	VSMVX	SCRYX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KMDVX	0.68	0.03	0.06	0.15	0.50	(0.82)	1.64	(1.07)	5.26
KMDIX	0.67	0.14	0.03	(41.48)	0.52	(0.81)	1.65	(1.11)	5.30
KSMIX	0.71	0.14	0.03	3.90	0.60	(0.83)	1.96	(1.25)	5.20
KSMVX	0.71	0.03	0.06	0.15	0.56	(0.82)	1.99	(1.20)	5.11
VWENX	0.38	(0.02)	(0.13)	0.08	0.48	(0.39)	0.80	(0.83)	2.49
VEIPX	0.50	0.00	(0.04)	0.12	0.37	(0.58)	1.07	(0.82)	3.73
MAAYX	0.45	0.09	(0.04)	9.21	0.31	(0.73)	1.21	(0.80)	3.68
FXAIX	0.57	0.09	(0.04)	(1.89)	0.68	(0.59)	1.17	(1.31)	3.83
VSMVX	0.94	(0.01)	0.05	0.11	0.79	(1.20)	1.95	(1.72)	7.91
SCRYX	0.96	0.10	0.00	0.84	0.93	(1.12)	2.39	(1.69)	7.88

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