KraneShares MSCI Correlations

Etfs . USA . 
Etf . KraneShares MSCI All
KALL Etf  USD 23.01  0.35  1.50%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KraneShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KraneShares MSCI All moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

KraneShares MSCI Correlation With Market

Good diversification

The correlation between KraneShares MSCI All and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares MSCI All 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 KraneShares MSCI All. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with KraneShares Etf

  0.95KWEB KraneShares CSI ChinaPairCorr
  0.96FXI iShares China LargePairCorr
  0.88ASHR Xtrackers Harvest CSIPairCorr
  0.97GXC SPDR SP ChinaPairCorr
  0.94CQQQ Invesco China TechnologyPairCorr
  0.97CXSE WisdomTree ChinaPairCorr
  0.9EWH iShares MSCI HongPairCorr
  0.9KBA KraneShares Bosera MSCIPairCorr
  0.87CNYA iShares MSCI ChinaPairCorr
  0.77PMBS PIMCO Mortgage BackedPairCorr
  0.86YCL ProShares Ultra YenPairCorr
  0.8FXY Invesco CurrencySharesPairCorr
  0.82ULE ProShares Ultra EuroPairCorr
  0.78GDXU MicroSectors Gold MinersPairCorr
  0.74MCD McDonaldsPairCorr
  0.69PG Procter GamblePairCorr
  0.73T ATT Inc Earnings Call TodayPairCorr
  0.76KO Coca ColaPairCorr
  0.64TRV The Travelers CompaniesPairCorr

Moving against KraneShares Etf

  0.38SIXD AIM ETF ProductsPairCorr
  0.36EWT iShares MSCI TaiwanPairCorr
  0.65AXP American ExpressPairCorr
  0.62BAC Bank of AmericaPairCorr
  0.51HD Home DepotPairCorr
  0.48AA Alcoa CorpPairCorr
  0.48HPQ HP IncPairCorr
  0.47DIS Walt DisneyPairCorr

Related Correlations Analysis

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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   
KGRN
+ 0.96
KEMQ
KMED
+ 0.0
KFYP
KESG
+ 0.0
KFYP
KEMQ
+ 0.0
KFYP
KGRN
+ 0.0
KFYP
KESG
+ 0.0
KMED
  
High negative correlations   
KGRN
- 0.0
KESG
KEMQ
- 0.0
KESG
KGRN
- 0.0
KMED
KEMQ
- 0.0
KMED
KESG
- 0.0
KMED
KGRN
- 0.0
KFYP

KraneShares MSCI Constituents Risk-Adjusted Indicators

There is a big difference between KraneShares Etf performing well and KraneShares MSCI ETF 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 KraneShares MSCI'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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