Keeley Small Correlations

KSDVX Fund

USD 16.78 0.21 1.27%

The current 90-days correlation between Keeley Small Cap and Mainstay Conservative Allocation is 0.75 (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

Poor diversification

The correlation between Keeley Small Cap and DJI is 0.65 (i.e., 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 real.

Moving together with Keeley Mutual Fund

0.99	VSIIX	Vanguard Small Cap	Pair Corr
0.99	VISVX	Vanguard Small Cap	Pair Corr
0.98	DFSVX	Us Small Cap	Pair Corr
0.98	DFFVX	Us Targeted Value	Pair Corr
0.99	UBVCX	Undiscovered Managers	Pair Corr
0.99	UBVSX	Undiscovered Managers	Pair Corr
0.98	AVFIX	American Beacon Small	Pair Corr
0.94	VTSAX	Vanguard Total Stock	Pair Corr
0.93	VFIAX	Vanguard 500 Index	Pair Corr
0.94	VTSMX	Vanguard Total Stock	Pair Corr
0.94	VSMPX	Vanguard Total Stock	Pair Corr
0.94	VSTSX	Vanguard Total Stock	Pair Corr
0.94	VITSX	Vanguard Total Stock	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.88	VGTSX	Vanguard Total Inter	Pair Corr
0.88	VTIAX	Vanguard Total Inter	Pair Corr
0.98	SPSDX	Sterling Capital Beh	Pair Corr
0.94	CSRYX	Columbia Select Large	Pair Corr
0.89	FDEGX	Fidelity Growth Stra	Pair Corr
0.86	PSHAX	Short Term Fund	Pair Corr
0.81	RIVKX	American Funds Inter	Pair Corr
0.86	FFFCX	Fidelity Freedom 2010	Pair Corr
0.97	FISVX	Fidelity Small Cap	Pair Corr
0.92	DQIYX	Dreyfus Equity Income	Pair Corr

Moving against Keeley Mutual Fund

0.41	MCD	McDonalds	Pair Corr
0.39	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	MCKSX	HIIDX	BICPX	PGBAX	VYRPX	ELDFX
MCKSX		0.53	0.99	0.56	0.99	0.53	MCKSX
HIIDX	0.53		0.5	0.94	0.54	0.98	HIIDX
BICPX	0.99	0.5		0.57	1.0	0.52	BICPX
PGBAX	0.56	0.94	0.57		0.6	0.97	PGBAX
VYRPX	0.99	0.54	1.0	0.6		0.55	VYRPX
ELDFX	0.53	0.98	0.52	0.97	0.55		ELDFX
	MCKSX	HIIDX	BICPX	PGBAX	VYRPX	ELDFX

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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
MCKSX	0.23	0.03	(0.26)	0.34	0.00	(0.27)	0.59	(0.50)	1.71
HIIDX	0.49	0.14	0.04	0.49	0.14	(0.60)	1.29	(0.87)	3.13
BICPX	0.20	0.03	(0.39)	0.42	0.00	(0.27)	0.45	(0.35)	1.25
PGBAX	0.13	0.04	(0.76)	(4.62)	0.00	(0.17)	0.34	(0.25)	0.77
VYRPX	0.18	0.02	(0.51)	0.34	0.00	(0.26)	0.47	(0.28)	1.34
ELDFX	0.31	0.07	(0.11)	0.37	0.00	(0.39)	1.10	(0.55)	2.22

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