KraneShares MSCI Correlations

Etfs . USA . 
Etf . KraneShares MSCI All
KURE Etf  USD 14.91  0.27  1.78%   
The current 90-days correlation between KraneShares MSCI All and KraneShares MSCI China is 0.71 (i.e., Poor diversification). The correlation of KraneShares MSCI 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 MSCI Correlation With Market

Significant diversification

The correlation between KraneShares MSCI All and DJI is 0.05 (i.e., Significant 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 metropolitan statistical area.

Moving together with KraneShares Etf

  0.92KWEB KraneShares CSI ChinaPairCorr
  0.92FXI iShares China LargePairCorr
  0.91ASHR Xtrackers Harvest CSIPairCorr
  0.94GXC SPDR SP ChinaPairCorr
  0.93CQQQ Invesco China TechnologyPairCorr
  0.95CXSE WisdomTree ChinaPairCorr
  0.87EWH iShares MSCI HongPairCorr
  0.92KBA KraneShares Bosera MSCIPairCorr
  0.88CNYA iShares MSCI ChinaPairCorr
  0.86PMBS PIMCO Mortgage BackedPairCorr
  0.86YCL ProShares Ultra YenPairCorr
  0.86FXY Invesco CurrencySharesPairCorr
  0.74ULE ProShares Ultra EuroPairCorr
  0.71GDXU MicroSectors Gold MinersPairCorr
  0.82MCD McDonaldsPairCorr
  0.69PG Procter GamblePairCorr
  0.86T ATT Inc Earnings Call TodayPairCorr
  0.66IBM International BusinessPairCorr
  0.87KO Coca ColaPairCorr
  0.7TRV The Travelers CompaniesPairCorr

Moving against KraneShares Etf

  0.62AXP American Express Sell-off TrendPairCorr
  0.59BAC Bank of America Sell-off TrendPairCorr
  0.57HD Home DepotPairCorr
  0.53AA Alcoa CorpPairCorr
  0.49DIS Walt DisneyPairCorr
  0.44HPQ HP IncPairCorr

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   
CHIQ
+ 0.98
KGRN
KSTR
+ 0.94
KGRN
KSTR
+ 0.9
CHIQ
KBA
+ 0.85
CHIQ
KSTR
+ 0.85
KBA
KBA
+ 0.84
KGRN
  
High negative correlations   
KSTR
- 0.0
CHIH
KBA
- 0.0
CHIH
CHIH
- 0.0
CHIQ
CHIH
- 0.0
KGRN

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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