KraneShares Hang Competition
| KTEC Etf | USD 15.53 0.44 2.92% |
KraneShares Hang vs KraneShares MSCI Correlation
Poor diversification
The correlation between KraneShares Hang Seng and KGRN is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares Hang Seng and KGRN in the same portfolio, assuming nothing else is changed.
Moving together with KraneShares Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KraneShares Hang's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
KraneShares Hang Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between KraneShares Hang and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of KraneShares and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of KraneShares Hang Seng does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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KraneShares Hang Competition Risk-Adjusted Indicators
There is a big difference between KraneShares Etf performing well and KraneShares Hang 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 Hang'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.51 | 0.02 | (0.01) | 0.11 | 1.55 | 3.43 | 13.69 | |||
| MSFT | 1.32 | (0.41) | 0.00 | (0.89) | 0.00 | 1.85 | 13.28 | |||
| UBER | 1.55 | (0.47) | 0.00 | (0.70) | 0.00 | 2.41 | 11.09 | |||
| F | 1.22 | 0.03 | 0.02 | 0.11 | 1.20 | 3.38 | 7.16 | |||
| T | 0.94 | 0.16 | 0.09 | 1.52 | 0.83 | 2.02 | 4.32 | |||
| A | 1.21 | (0.26) | 0.00 | (0.14) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.71 | (0.54) | 0.00 | (0.39) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.20 | (0.04) | 0.00 | 0.05 | 1.67 | 2.34 | 7.38 | |||
| MRK | 1.26 | 0.56 | 0.43 | 0.97 | 0.69 | 3.59 | 8.09 | |||
| XOM | 1.17 | 0.41 | 0.26 | 3.45 | 0.94 | 2.69 | 5.85 |
KraneShares Hang Competitive Analysis
The better you understand KraneShares Hang competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, KraneShares Hang's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across KraneShares Hang's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
KraneShares Hang Competition Performance Charts
Five steps to successful analysis of KraneShares Hang Competition
KraneShares Hang's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by KraneShares Hang Seng in relation to its competition. KraneShares Hang's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of KraneShares Hang in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact KraneShares Hang's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to KraneShares Hang Seng, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your KraneShares Hang position
In addition to having KraneShares Hang in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Emerging Markets Funds Thematic Idea Now
Emerging Markets Funds
Fund or Etfs that invest in markets of developing countries. The Emerging Markets Funds theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Emerging Markets Funds Theme or any other thematic opportunities.
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Check out KraneShares Hang Correlation with its peers. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Investors evaluate KraneShares Hang Seng using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating KraneShares Hang's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause KraneShares Hang's market price to deviate significantly from intrinsic value.
Understanding that KraneShares Hang's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether KraneShares Hang represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, KraneShares Hang's market price signifies the transaction level at which participants voluntarily complete trades.