KraneShares SSE Correlations

KSTR Etf

USD 13.07 0.08 0.61%

The current 90-days correlation between KraneShares SSE STAR and KraneShares MSCI All is -0.14 (i.e., Good diversification). The correlation of KraneShares SSE 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 SSE Correlation With Market

Good diversification

The correlation between KraneShares SSE STAR and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares SSE STAR 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 SSE STAR. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with KraneShares Etf

0.92	ASHR	Xtrackers Harvest CSI	Pair Corr
0.84	GXC	SPDR SP China	Pair Corr
0.79	CQQQ	Invesco China Technology	Pair Corr
0.65	CXSE	WisdomTree China	Pair Corr
0.65	KBA	KraneShares Bosera MSCI	Pair Corr
0.93	CNYA	iShares MSCI China	Pair Corr
0.76	CAPD	Barclays Capital	Pair Corr

Moving against KraneShares Etf

0.62	GREI	Goldman Sachs Future	Pair Corr
0.31	BITI	ProShares Trust Buyout Trend	Pair Corr
0.58	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.43	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.35	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	KURE	KFVG	KBA	KGRN	CHIX
KURE		0.42	0.97	0.84	0.53	KURE
KFVG	0.42		0.31	0.15	0.83	KFVG
KBA	0.97	0.31		0.86	0.46	KBA
KGRN	0.84	0.15	0.86		0.32	KGRN
CHIX	0.53	0.83	0.46	0.32		CHIX
	KURE	KFVG	KBA	KGRN	CHIX

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KraneShares SSE Constituents Risk-Adjusted Indicators

There is a big difference between KraneShares Etf performing well and KraneShares SSE 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 SSE'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
KURE	2.36	0.18	0.04	(0.56)	2.81	(2.76)	6.67	(4.55)	19.61
KFVG	1.00	(0.13)	0.00	1.58	0.00	0.00	2.43	(2.28)	8.51
KBA	2.08	0.25	0.06	(0.74)	2.65	(2.44)	6.51	(4.90)	19.75
KGRN	2.33	0.34	0.08	(0.45)	2.80	(2.63)	6.31	(5.13)	19.91
CHIX	1.10	(0.09)	0.00	0.32	0.00	0.00	2.11	(2.56)	8.05

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