Keeley Small-mid Correlations

KSMVX Fund

USD 10.80 0.02 0.19%

The current 90-days correlation between Keeley Small Mid and Keeley Mid Cap is 0.13 (i.e., Average 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 0.08 (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 real.

Moving together with Keeley Mutual Fund

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

Moving against Keeley Mutual Fund

0.55	LIIAX	Columbia Porate Income	Pair Corr
0.54	SRINX	Columbia Porate Income	Pair Corr
0.52	CIFRX	Columbia Porate Income	Pair Corr

Related Correlations Analysis

	KMDVX	KMCIX	KMCVX	KMDIX	KISVX	KISIX	KACVX	KACIX	KALIX
KMDVX		0.0	0.0	1.0	0.0	0.0	0.0	0.0	0.0	KMDVX
KMCIX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	KMCIX
KMCVX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	KMCVX
KMDIX	1.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	KMDIX
KISVX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	KISVX
KISIX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	KISIX
KACVX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	KACVX
KACIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	KACIX
KALIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		KALIX
	KMDVX	KMCIX	KMCVX	KMDIX	KISVX	KISIX	KACVX	KACIX	KALIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

KMDIX	+ 1.0	KMDVX
KMCIX	+ 0.0	KMDVX
KMCVX	+ 0.0	KMDVX
KISVX	+ 0.0	KMDVX
KISIX	+ 0.0	KMDVX
KACVX	+ 0.0	KMDVX

High negative correlations

KALIX	- 0.0	KACIX
KALIX	- 0.0	KACVX
KACIX	- 0.0	KACVX
KALIX	- 0.0	KISIX
KACIX	- 0.0	KISIX
KACVX	- 0.0	KISIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KMDVX	0.66	0.02	0.04	0.14	0.51	(0.79)	1.50	(1.07)	5.26
KMCIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KMCVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KMDIX	0.67	0.02	0.04	0.14	0.51	(0.80)	1.53	(1.11)	5.30
KISVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KISIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KACVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KACIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KALIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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