Correlation Between KraneShares Bosera and KFVG
Can any of the company-specific risk be diversified away by investing in both KraneShares Bosera and KFVG at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining KraneShares Bosera and KFVG into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between KraneShares Bosera MSCI and KFVG, you can compare the effects of market volatilities on KraneShares Bosera and KFVG and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in KraneShares Bosera with a short position of KFVG. Check out your portfolio center. Please also check ongoing floating volatility patterns of KraneShares Bosera and KFVG.
Diversification Opportunities for KraneShares Bosera and KFVG
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between KraneShares and KFVG is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares Bosera MSCI and KFVG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KFVG and KraneShares Bosera is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on KraneShares Bosera MSCI are associated (or correlated) with KFVG. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KFVG has no effect on the direction of KraneShares Bosera i.e., KraneShares Bosera and KFVG go up and down completely randomly.
Pair Corralation between KraneShares Bosera and KFVG
If you would invest (100.00) in KFVG on December 7, 2024 and sell it today you would earn a total of 100.00 from holding KFVG or generate -100.0% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 0.0% |
Values | Daily Returns |
KraneShares Bosera MSCI vs. KFVG
Performance |
Timeline |
KraneShares Bosera MSCI |
KFVG |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
KraneShares Bosera and KFVG Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with KraneShares Bosera and KFVG
The main advantage of trading using opposite KraneShares Bosera and KFVG positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KraneShares Bosera position performs unexpectedly, KFVG can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in KFVG will offset losses from the drop in KFVG's long position.KraneShares Bosera vs. Global X MSCI | KraneShares Bosera vs. KraneShares MSCI All | KraneShares Bosera vs. Xtrackers Harvest CSI |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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