KraneShares Bosera Correlations

KBA Etf

USD 23.78 0.35 1.45%

The correlation of KraneShares Bosera 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.

KraneShares Bosera Correlation With Market

Average diversification

The correlation between KraneShares Bosera MSCI and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares Bosera MSCI 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 Bosera MSCI. 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 labor statistics.

Moving together with KraneShares Etf

0.77	KWEB	KraneShares CSI China	Pair Corr
0.78	FXI	iShares China Large	Pair Corr
0.85	ASHR	Xtrackers Harvest CSI	Pair Corr
0.82	GXC	SPDR SP China	Pair Corr
0.78	CQQQ	Invesco China Technology	Pair Corr
0.82	CXSE	WisdomTree China	Pair Corr
0.79	EWH	iShares MSCI Hong	Pair Corr
0.84	CNYA	iShares MSCI China	Pair Corr
0.72	PMBS	PIMCO Mortgage Backed	Pair Corr
0.68	YCL	ProShares Ultra Yen	Pair Corr
0.66	FXY	Invesco CurrencyShares	Pair Corr
0.67	ULE	ProShares Ultra Euro	Pair Corr
0.72	MCD	McDonalds	Pair Corr
0.72	T	ATT Inc Sell-off Trend	Pair Corr
0.74	KO	Coca Cola	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr

Moving against KraneShares Etf

0.61	HD	Home Depot	Pair Corr
0.59	BAC	Bank of America Aggressive Push	Pair Corr
0.59	AXP	American Express	Pair Corr
0.45	DIS	Walt Disney	Pair Corr
0.39	AA	Alcoa Corp	Pair Corr
0.38	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	CHIX	CHIQ	NPSNY	KURE	ASHR
CHIX		0.0	0.0	0.0	0.0	CHIX
CHIQ	0.0		0.0	0.94	0.81	CHIQ
NPSNY	0.0	0.0		0.0	0.0	NPSNY
KURE	0.0	0.94	0.0		0.91	KURE
ASHR	0.0	0.81	0.0	0.91		ASHR
	CHIX	CHIQ	NPSNY	KURE	ASHR

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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

KURE	+ 0.94	CHIQ
ASHR	+ 0.91	KURE
ASHR	+ 0.81	CHIQ
CHIQ	+ 0.0	CHIX
NPSNY	+ 0.0	CHIX
KURE	+ 0.0	CHIX

High negative correlations

ASHR	- 0.0	NPSNY
KURE	- 0.0	NPSNY
NPSNY	- 0.0	CHIQ
ASHR	- 0.0	CHIX
KURE	- 0.0	CHIX
NPSNY	- 0.0	CHIX

KraneShares Bosera Constituents Risk-Adjusted Indicators

There is a big difference between KraneShares Etf performing well and KraneShares Bosera 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 Bosera'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
CHIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHIQ	1.57	0.28	0.15	0.68	1.66	(1.78)	3.59	(3.13)	8.45
NPSNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KURE	1.22	0.06	0.06	1.50	1.53	(1.21)	3.17	(2.26)	8.15
ASHR	0.91	0.02	0.04	0.18	1.13	(0.93)	1.58	(1.96)	5.60

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