KraneShares MSCI Correlations

KALL Etf

USD 20.11 0.33 1.67%

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

Average diversification

The correlation between KraneShares MSCI All and DJI is 0.17 (i.e., Average 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

0.71	KWEB	KraneShares CSI China Aggressive Push	Pair Corr
0.63	FXI	iShares China Large Aggressive Push	Pair Corr
0.62	EWT	iShares MSCI Taiwan	Pair Corr
0.7	ASHR	Xtrackers Harvest CSI	Pair Corr
0.75	GXC	SPDR SP China	Pair Corr
0.72	CQQQ	Invesco China Technology	Pair Corr
0.74	CXSE	WisdomTree China	Pair Corr
0.77	EWH	iShares MSCI Hong	Pair Corr
0.71	KBA	KraneShares Bosera MSCI	Pair Corr
0.72	CNYA	iShares MSCI China	Pair Corr

Moving against KraneShares Etf

0.38	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.43	AXP	American Express Earnings Call This Week	Pair Corr
0.36	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.33	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	KFYP	KMED	KESG	KEMQ	KGRN
KFYP		0.0	0.0	0.0	0.0	KFYP
KMED	0.0		0.0	0.0	0.0	KMED
KESG	0.0	0.0		0.0	0.0	KESG
KEMQ	0.0	0.0	0.0		0.63	KEMQ
KGRN	0.0	0.0	0.0	0.63		KGRN
	KFYP	KMED	KESG	KEMQ	KGRN

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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

KGRN	+ 0.63	KEMQ
KMED	+ 0.0	KFYP
KESG	+ 0.0	KFYP
KEMQ	+ 0.0	KFYP
KGRN	+ 0.0	KFYP
KESG	+ 0.0	KMED

High negative correlations

KGRN	- 0.0	KESG
KEMQ	- 0.0	KESG
KGRN	- 0.0	KMED
KEMQ	- 0.0	KMED
KESG	- 0.0	KMED
KGRN	- 0.0	KFYP

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
KFYP	0.00	0.00	0.00	0.00	0.00	0.00
KMED	0.00	0.00	0.00	0.00	0.00	0.00
KESG	0.00	0.00	0.00	0.00	0.00	0.00
KEMQ	1.07	(0.10)	(0.52)	2.09	(2.68)	9.09
KGRN	1.54	(0.04)	(0.10)	3.02	(3.25)	13.44

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