KraneShares Emerging Correlations

KEMQ Etf

USD 17.15 0.07 0.41%

The current 90-days correlation between KraneShares Emerging and Invesco PureBeta MSCI is 0.22 (i.e., Modest diversification). The correlation of KraneShares Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

KraneShares Emerging Correlation With Market

Average diversification

The correlation between KraneShares Emerging Markets and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares Emerging Markets 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 Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with KraneShares Etf

0.97	VWO	Vanguard FTSE Emerging	Pair Corr
0.91	IEMG	iShares Core MSCI	Pair Corr
0.84	EMC	Global X Funds	Pair Corr
0.92	EEM	iShares MSCI Emerging	Pair Corr
0.97	SPEM	SPDR Portfolio Emerging	Pair Corr
0.97	FNDE	Schwab Fundamental	Pair Corr
0.93	ESGE	iShares ESG Aware	Pair Corr
0.95	XSOE	WisdomTree Emerging	Pair Corr
0.61	EWC	iShares MSCI Canada	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.63	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.62	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.63	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.65	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.65	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against KraneShares Etf

0.84	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.41	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	PBUS	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX
PBUS		0.0	0.7	-0.01	0.65	-0.48	0.5	0.63	0.48	0.62	PBUS
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.7	0.0		0.34	0.67	0.02	-0.11	0.81	-0.02	0.83	MSTSX
ABHYX	-0.01	0.0	0.34		0.53	-0.03	-0.2	0.43	0.03	0.42	ABHYX
LBHIX	0.65	0.0	0.67	0.53		-0.27	0.19	0.71	0.27	0.68	LBHIX
SCAXF	-0.48	0.0	0.02	-0.03	-0.27		-0.79	-0.05	-1.0	-0.01	SCAXF
VIASP	0.5	0.0	-0.11	-0.2	0.19	-0.79		-0.01	0.79	-0.06	VIASP
RRTLX	0.63	0.0	0.81	0.43	0.71	-0.05	-0.01		0.05	0.99	RRTLX
OSHDF	0.48	0.0	-0.02	0.03	0.27	-1.0	0.79	0.05		0.01	OSHDF
JRBEX	0.62	0.0	0.83	0.42	0.68	-0.01	-0.06	0.99	0.01		JRBEX
	PBUS	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX

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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

JRBEX	+ 0.99	RRTLX
JRBEX	+ 0.83	MSTSX
RRTLX	+ 0.81	MSTSX
OSHDF	+ 0.79	VIASP
RRTLX	+ 0.71	LBHIX
MSTSX	+ 0.7	PBUS

High negative correlations

OSHDF	- 1.0	SCAXF
VIASP	- 0.79	SCAXF
SCAXF	- 0.48	PBUS
SCAXF	- 0.27	LBHIX
VIASP	- 0.2	ABHYX
VIASP	- 0.11	MSTSX

KraneShares Emerging Constituents Risk-Adjusted Indicators

There is a big difference between KraneShares Etf performing well and KraneShares Emerging 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 Emerging'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
PBUS	0.56	0.00	(0.02)	0.11	0.69	(0.59)	1.15	(1.33)	3.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.05)	(0.15)	0.04	0.53	(0.58)	1.03	(1.02)	2.80
ABHYX	0.17	0.00	(0.25)	0.08	0.26	(0.23)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.40)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.41)	0.00	(0.99)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.08	(0.03)	(2.22)	1.13	(0.80)	2.28	(1.20)	7.18
RRTLX	0.24	0.01	(0.30)	0.50	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	22.61	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
JRBEX	0.35	0.02	(0.21)	1.02	0.40	(0.40)	0.79	(0.86)	2.14

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