KraneShares Emerging Correlations

KEMQ Etf

USD 19.26 0.13 0.68%

The current 90-days correlation between KraneShares Emerging and KraneShares Bosera MSCI is 0.61 (i.e., Poor diversification). The correlation of KraneShares Emerging 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.

KraneShares Emerging Correlation With Market

Weak diversification

The correlation between KraneShares Emerging Markets and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares Emerging Markets 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 Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with KraneShares Etf

0.93	VWO	Vanguard FTSE Emerging	Pair Corr
0.94	IEMG	iShares Core MSCI	Pair Corr
0.91	EEM	iShares MSCI Emerging	Pair Corr
0.92	SPEM	SPDR Portfolio Emerging	Pair Corr
0.97	FNDE	Schwab Fundamental	Pair Corr
0.95	ESGE	iShares ESG Aware	Pair Corr
0.92	SFGRX	Seafarer Overseas	Pair Corr
0.67	DGS	WisdomTree Emerging	Pair Corr
0.8	XSOE	WisdomTree Emerging	Pair Corr
0.93	FXY	Invesco CurrencyShares	Pair Corr
0.88	PMBS	PIMCO Mortgage Backed	Pair Corr
0.84	GDXU	MicroSectors Gold Miners	Pair Corr
0.93	KO	Coca Cola Aggressive Push	Pair Corr
0.93	T	ATT Inc Aggressive Push	Pair Corr
0.86	MCD	McDonalds	Pair Corr
0.72	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.89	VZ	Verizon Communications Aggressive Push	Pair Corr
0.68	MMM	3M Company	Pair Corr
0.73	INTC	Intel	Pair Corr

Moving against KraneShares Etf

0.74	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.44	HPQ	HP Inc Sell-off Trend	Pair Corr
0.77	MSFT	Microsoft	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.55	AXP	American Express	Pair Corr
0.51	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	KBA	OBOR	KFYP	VAMO	KURE
KBA		0.77	0.0	-0.58	0.93	KBA
OBOR	0.77		0.0	-0.31	0.76	OBOR
KFYP	0.0	0.0		0.0	0.0	KFYP
VAMO	-0.58	-0.31	0.0		-0.64	VAMO
KURE	0.93	0.76	0.0	-0.64		KURE
	KBA	OBOR	KFYP	VAMO	KURE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	+ 0.93	KBA
OBOR	+ 0.77	KBA
KURE	+ 0.76	OBOR
KFYP	+ 0.0	KBA
KFYP	+ 0.0	OBOR
VAMO	+ 0.0	KFYP

High negative correlations

KURE	- 0.64	VAMO
VAMO	- 0.58	KBA
VAMO	- 0.31	OBOR
KURE	- 0.0	KFYP
VAMO	- 0.0	KFYP
KFYP	- 0.0	OBOR

KraneShares Emerging Constituents Risk-Adjusted Indicators

There is a big difference between KraneShares Etf performing well and KraneShares Emerging 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 Emerging'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
KBA	0.83	0.02	0.03	0.11	1.01	(0.91)	1.62	(1.59)	4.98
OBOR	0.46	0.03	0.06	0.11	0.54	(0.49)	0.93	(0.85)	3.38
KFYP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VAMO	0.60	0.00	0.00	0.00	0.76	(0.65)	1.02	(1.28)	5.32
KURE	1.20	0.08	0.05	1.61	1.45	(1.19)	3.17	(2.26)	8.15

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC