KraneShares MSCI Correlations

KALL Etf

USD 20.93 0.02 0.1%

The current 90-days correlation between KraneShares MSCI All and Xtrackers Harvest CSI is 0.92 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KraneShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KraneShares MSCI All moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

KraneShares MSCI Correlation With Market

Significant diversification

The correlation between KraneShares MSCI All and DJI is 0.01 (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 bureau of economic analysis.

Moving together with KraneShares Etf

0.99	KWEB	KraneShares CSI China	Pair Corr
0.94	FXI	iShares China Large	Pair Corr
0.98	ASHR	Xtrackers Harvest CSI	Pair Corr
1.0	GXC	SPDR SP China	Pair Corr
0.96	CQQQ	Invesco China Technology	Pair Corr
0.94	CXSE	WisdomTree China	Pair Corr
0.98	EWH	iShares MSCI Hong	Pair Corr
0.99	KBA	KraneShares Bosera MSCI	Pair Corr
0.97	CNYA	iShares MSCI China	Pair Corr
0.65	CEFD	ETRACS Monthly Pay	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.7	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.77	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against KraneShares Etf

0.5	YCL	ProShares Ultra Yen	Pair Corr
0.47	FXY	Invesco CurrencyShares	Pair Corr
0.38	VIIX	VIIX	Pair Corr
0.49	PG	Procter Gamble Sell-off Trend	Pair Corr
0.43	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.42	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	ASHS	AQUI	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX
ASHS		0.0	0.65	0.73	0.19	-0.16	0.07	0.47	0.16	0.45	ASHS
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	0.65	0.0		0.68	0.56	-0.35	0.29	0.75	0.35	0.71	LBHIX
MSTSX	0.73	0.0	0.68		0.27	-0.04	-0.05	0.86	0.04	0.78	MSTSX
ABHYX	0.19	0.0	0.56	0.27		-0.1	-0.12	0.42	0.1	0.42	ABHYX
SCAXF	-0.16	0.0	-0.35	-0.04	-0.1		-0.82	-0.18	-1.0	-0.17	SCAXF
VIASP	0.07	0.0	0.29	-0.05	-0.12	-0.82		0.11	0.82	0.1	VIASP
RRTLX	0.47	0.0	0.75	0.86	0.42	-0.18	0.11		0.18	0.89	RRTLX
OSHDF	0.16	0.0	0.35	0.04	0.1	-1.0	0.82	0.18		0.17	OSHDF
JRBEX	0.45	0.0	0.71	0.78	0.42	-0.17	0.1	0.89	0.17		JRBEX
	ASHS	AQUI	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

JRBEX	+ 0.89	RRTLX
RRTLX	+ 0.86	MSTSX
OSHDF	+ 0.82	VIASP
JRBEX	+ 0.78	MSTSX
RRTLX	+ 0.75	LBHIX
MSTSX	+ 0.73	ASHS

High negative correlations

OSHDF	- 1.0	SCAXF
VIASP	- 0.82	SCAXF
SCAXF	- 0.35	LBHIX
RRTLX	- 0.18	SCAXF
JRBEX	- 0.17	SCAXF
SCAXF	- 0.16	ASHS

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ASHS	2.57	0.45	0.08	(2.97)	3.48	(3.07)	8.24	(4.83)	26.78
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.12	0.02	(0.44)	1.66	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	0.04	(0.14)	(0.75)	0.52	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.01	(0.25)	0.25	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.97)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	0.01	(0.33)	0.38	0.25	(0.25)	0.48	(0.56)	1.36
OSHDF	39.65	22.84	0.00	(0.94)	0.00	0.00	0.00	0.00	1,329
JRBEX	0.34	(0.02)	(0.20)	0.07	0.38	(0.38)	0.65	(0.86)	1.97

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC