KraneShares Correlations

KALL Etf

USD 22.25 0.00 0.00%

The current 90-days correlation between KraneShares and iShares MSCI Brazil is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KraneShares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KraneShares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

KraneShares Correlation With Market

Modest diversification

The correlation between KraneShares and DJI is 0.23 (i.e., Modest 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.

Build AI portfolio with KraneShares Etf

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with KraneShares Etf

0.65

EWT

iShares MSCI Taiwan

Pair Corr

Moving against KraneShares Etf

0.41	EWH	iShares MSCI Hong	Pair Corr
0.48	FROG	Jfrog	Pair Corr
0.41	CLOX	Series Portfolios Trust	Pair Corr

Related Correlations Analysis

	EWZ	URTH	ACWX	IJS	VASVX	HEFA	IDV	IEUR	EWY	RWL
EWZ		0.52	0.34	0.47	0.17	0.51	0.63	0.27	0.49	0.59	EWZ
URTH	0.52		0.78	0.87	0.66	0.73	0.64	0.69	0.55	0.79	URTH
ACWX	0.34	0.78		0.74	0.67	0.91	0.81	0.94	0.7	0.87	ACWX
IJS	0.47	0.87	0.74		0.66	0.77	0.71	0.76	0.38	0.87	IJS
VASVX	0.17	0.66	0.67	0.66		0.68	0.62	0.76	0.31	0.63	VASVX
HEFA	0.51	0.73	0.91	0.77	0.68		0.95	0.91	0.7	0.95	HEFA
IDV	0.63	0.64	0.81	0.71	0.62	0.95		0.83	0.69	0.93	IDV
IEUR	0.27	0.69	0.94	0.76	0.76	0.91	0.83		0.5	0.87	IEUR
EWY	0.49	0.55	0.7	0.38	0.31	0.7	0.69	0.5		0.62	EWY
RWL	0.59	0.79	0.87	0.87	0.63	0.95	0.93	0.87	0.62		RWL
	EWZ	URTH	ACWX	IJS	VASVX	HEFA	IDV	IEUR	EWY	RWL

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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
EWZ	1.04	0.04	0.02	0.10	1.57	(1.02)	2.20	(2.08)	9.24
URTH	0.56	0.00	0.00	0.05	0.86	(0.50)	1.11	(1.23)	3.05
ACWX	0.58	0.00	(0.01)	0.05	0.83	(0.54)	1.02	(1.22)	2.93
IJS	0.88	(0.02)	0.00	0.04	1.11	(0.89)	2.31	(2.13)	4.60
VASVX	0.88	0.21	0.19	0.69	0.59	(1.05)	2.01	(1.21)	13.09
HEFA	0.51	0.04	0.04	0.11	0.64	(0.51)	1.29	(1.16)	3.40
IDV	0.48	0.11	0.13	0.24	0.36	(0.50)	1.00	(0.83)	2.06
IEUR	0.58	0.01	0.00	0.06	0.62	(0.62)	1.17	(1.11)	2.52
EWY	1.55	0.23	0.12	0.27	1.72	(1.61)	3.18	(2.41)	8.88
RWL	0.51	0.01	(0.01)	0.06	0.61	(0.52)	0.98	(0.91)	2.46

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.

iShares MSCI Brazil iShares MSCI World iShares MSCI ACWI iShares SP Small Cap Vanguard Selected Value iShares Currency Hedged iShares International Select iShares Core MSCI iShares MSCI South Invesco SP 500 American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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