Keeley Mid Correlations

KMDVX Fund

USD 28.93 0.08 0.28%

The current 90-days correlation between Keeley Mid Cap and Victory Sycamore Established is 0.08 (i.e., Significant diversification). The correlation of Keeley 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 Mid Correlation With Market

Poor diversification

The correlation between Keeley Mid Cap and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keeley 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 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

1.0	KMDIX	Keeley Mid Cap	Pair Corr
0.96	KSDIX	Keeley Small Cap	Pair Corr
0.9	KSDVX	Keeley Small Cap	Pair Corr
0.91	KSMIX	Keeley Small Mid	Pair Corr
0.96	KSMVX	Keeley Small Mid	Pair Corr
0.65	FLPKX	Fidelity Low Priced	Pair Corr
0.64	FLPSX	Fidelity Low Priced	Pair Corr
0.64	VMVAX	Vanguard Mid Cap	Pair Corr
0.85	JVMAX	John Hancock Disciplined	Pair Corr
0.88	JVMIX	John Hancock Disciplined	Pair Corr
0.69	VMVIX	Vanguard Mid Cap	Pair Corr
0.76	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.76	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.76	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.76	JMVYX	Jpmorgan Mid Cap	Pair Corr

Moving against Keeley Mutual Fund

0.49	BTMKX	Blackrock International	Pair Corr
0.48	BTMPX	Ishares Msci Eafe	Pair Corr
0.6	TRIGX	T Rowe Price	Pair Corr
0.59	LIFAX	Lord Abbett Inflation	Pair Corr
0.52	FSUGX	American Funds Government	Pair Corr
0.51	NWHMX	Nationwide Bailard	Pair Corr
0.5	MFIRX	Ms Global Fixed	Pair Corr
0.47	MDIIX	Blackrock Intern Index	Pair Corr
0.45	PRAPX	Pimco Total Return	Pair Corr
0.42	BORIX	Collegeadvantage 529	Pair Corr
0.35	BFRIX	Blackrock Floating Rate	Pair Corr
0.69	HIO	Western Asset High	Pair Corr
0.69	AGIVX	Invesco Government	Pair Corr

Related Correlations Analysis

	VEVCX	CSRYX	BTMFX	MIMSX	MYIMX
VEVCX		0.42	0.86	0.82	0.92	VEVCX
CSRYX	0.42		0.57	0.4	0.5	CSRYX
BTMFX	0.86	0.57		0.8	0.84	BTMFX
MIMSX	0.82	0.4	0.8		0.88	MIMSX
MYIMX	0.92	0.5	0.84	0.88		MYIMX
	VEVCX	CSRYX	BTMFX	MIMSX	MYIMX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Keeley Mutual Fund performing well and Keeley 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 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
VEVCX	0.87	(0.22)	0.00	(0.66)	0.00	0.00	1.16	(1.72)	10.47
CSRYX	0.68	0.05	0.07	(0.01)	0.92	(0.70)	1.45	(1.73)	4.04
BTMFX	0.72	(0.10)	0.00	(0.23)	0.00	0.00	1.09	(1.48)	3.61
MIMSX	1.18	(0.46)	0.00	7.68	0.00	0.00	1.37	(2.31)	22.26
MYIMX	0.96	(0.30)	0.00	(10.80)	0.00	0.00	1.42	(1.89)	13.48

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