KraneShares Correlations

KALL Etf

USD 22.25 0.00 0.00%

The current 90-days correlation between KraneShares and Exchange Listed Funds is 0.08 (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

Very good diversification

The correlation between KraneShares and DJI is -0.39 (i.e., Very good 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 against KraneShares Etf

0.73	ELON	Battleshares TSLA	Pair Corr
0.72	GXC	SPDR SP China	Pair Corr
0.71	CQQQ	Invesco China Technology	Pair Corr
0.55	ITWO	Proshares Russell 2000	Pair Corr
0.52	CXSE	WisdomTree China	Pair Corr
0.51	FXI	iShares China Large	Pair Corr
0.5	CNYA	iShares MSCI China	Pair Corr
0.45	ASHR	Xtrackers Harvest CSI	Pair Corr
0.44	EWH	iShares MSCI Hong	Pair Corr
0.4	AVDS	Avantis International	Pair Corr
0.39	EWT	iShares MSCI Taiwan	Pair Corr
0.39	CPST	Calamos ETF Trust	Pair Corr
0.38	QTAP	Innovator Growth 100	Pair Corr
0.32	KWEB	KraneShares CSI China	Pair Corr
0.31	KBA	KraneShares Bosera MSCI	Pair Corr
0.51	COMB	GraniteShares Bloomberg	Pair Corr
0.5	EPU	iShares MSCI Peru	Pair Corr
0.46	IJS	iShares SP Small	Pair Corr
0.43	NRES	Xtrackers RREEF Global	Pair Corr
0.42	IAU	iShares Gold Trust	Pair Corr
0.41	PAUG	Innovator Equity Power	Pair Corr
0.4	AUMI	Themes Gold Miners	Pair Corr
0.39	IOCT	Innovator ETFs Trust	Pair Corr
0.38	NAPR	Innovator Nasdaq 100	Pair Corr
0.37	ESGD	iShares ESG Aware	Pair Corr
0.36	DXJ	WisdomTree Japan Hedged	Pair Corr
0.35	AVUV	Avantis Small Cap	Pair Corr
0.32	IYR	iShares Real Estate	Pair Corr
0.31	VYMI	Vanguard International	Pair Corr
0.55	ITA	iShares Aerospace Defense	Pair Corr
0.51	UEVM	VictoryShares Emerging	Pair Corr
0.46	HEEM	iShares Currency Hedged	Pair Corr
0.46	FEM	First Trust Emerging	Pair Corr
0.45	CCNR	CoreCommodity Natural	Pair Corr
0.43	FIDU	Fidelity MSCI Industrials	Pair Corr

Related Correlations Analysis

	FTDS	RFLR	JPSV	EAOR	HDG	KHYB	SQLV	COWS	SHUS
FTDS		0.9	0.96	0.91	0.95	0.95	0.94	0.84	0.99	FTDS
RFLR	0.9		0.93	0.92	0.94	0.91	0.97	0.91	0.91	RFLR
JPSV	0.96	0.93		0.88	0.93	0.92	0.97	0.84	0.95	JPSV
EAOR	0.91	0.92	0.88		0.97	0.93	0.89	0.87	0.94	EAOR
HDG	0.95	0.94	0.93	0.97		0.97	0.93	0.85	0.96	HDG
KHYB	0.95	0.91	0.92	0.93	0.97		0.92	0.79	0.95	KHYB
SQLV	0.94	0.97	0.97	0.89	0.93	0.92		0.91	0.94	SQLV
COWS	0.84	0.91	0.84	0.87	0.85	0.79	0.91		0.86	COWS
SHUS	0.99	0.91	0.95	0.94	0.96	0.95	0.94	0.86		SHUS
	FTDS	RFLR	JPSV	EAOR	HDG	KHYB	SQLV	COWS	SHUS

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
FTDS	0.65	0.14	0.17	0.26	0.37	(0.76)	2.01	(1.25)	3.70
RFLR	0.52	0.05	0.04	0.15	0.45	(0.58)	1.24	(0.97)	3.67
JPSV	0.71	0.05	0.05	0.14	0.69	(0.88)	1.95	(1.35)	4.88
EAOR	0.34	0.04	(0.01)	0.16	0.26	(0.38)	0.74	(0.63)	2.15
HDG	0.25	0.03	(0.07)	0.17	0.18	(0.26)	0.50	(0.51)	1.71
KHYB	0.09	0.03	(0.41)	0.46	0.00	(0.12)	0.24	(0.13)	0.50
SQLV	0.81	0.06	0.08	0.14	0.70	(0.97)	2.27	(1.60)	4.73
COWS	0.64	0.08	0.08	0.17	0.66	(0.71)	1.73	(1.40)	4.44
SHUS	0.46	0.09	0.11	0.21	0.29	(0.53)	1.27	(0.75)	2.67

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.

First Trust Dividend Innovator ETFs Trust Jpmorgan Active Small iShares ESG Aware ProShares Hedge Replication KraneShares Asia Pacific Royce Quant Small Cap Amplify Cash Flow Exchange Listed Funds American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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