KraneShares Correlations
| KESG Etf | USD 18.96 0.00 0.00% |
The current 90-days correlation between KraneShares and KraneShares MSCI All is 0.07 (i.e., Significant diversification). The correlation of KraneShares 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 Correlation With Market
Average diversification
The correlation between KraneShares and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares and DJI in the same portfolio, assuming nothing else is changed.
KraneShares |
Moving against KraneShares Etf
| 0.48 | SPAQ | Horizon Kinetics SPAC | PairCorr |
| 0.38 | CAPD | Barclays Capital | PairCorr |
| 0.35 | PULS | PGIM Ultra Short Sell-off Trend | PairCorr |
| 0.46 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.39 | CSCO | Cisco Systems | PairCorr |
| 0.35 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.35 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.34 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.97 | 0.37 | 0.29 | 0.07 | KALL | ||
| 0.97 | 0.24 | 0.15 | -0.07 | KGRN | ||
| 0.37 | 0.24 | 0.87 | 0.79 | KFVG | ||
| 0.29 | 0.15 | 0.87 | 0.92 | KFYP | ||
| 0.07 | -0.07 | 0.79 | 0.92 | KBUY | ||
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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
| High negative correlations
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KraneShares Constituents Risk-Adjusted Indicators
There is a big difference between KraneShares Etf performing well and KraneShares 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' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KALL | 2.21 | 0.23 | 0.07 | 6.83 | 2.99 | 7.08 | 22.93 | |||
| KGRN | 2.33 | 0.26 | 0.08 | (1.01) | 2.82 | 6.31 | 19.91 | |||
| KFVG | 1.00 | (0.13) | 0.00 | 0.84 | 0.00 | 2.43 | 8.51 | |||
| KFYP | 0.84 | (0.12) | 0.00 | (3.82) | 0.00 | 1.89 | 5.40 | |||
| KBUY | 1.13 | (0.15) | 0.00 | (1.94) | 0.00 | 2.28 | 7.65 |
KraneShares Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with KraneShares etf to make a market-neutral strategy. Peer analysis of KraneShares could also be used in its relative valuation, which is a method of valuing KraneShares by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |