KraneShares Correlations

KESG Etf

USD 18.96 0.00 0.00%

The current 90-days correlation between KraneShares and Xtrackers Harvest CSI is 0.06 (i.e., Significant diversification). The correlation of KraneShares 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.

KraneShares Correlation With Market

Good diversification

The correlation between KraneShares and DJI is -0.18 (i.e., 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.

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 state.

Moving against KraneShares Etf

0.71	CXSE	WisdomTree China	Pair Corr
0.66	CQQQ	Invesco China Technology	Pair Corr
0.65	FXI	iShares China Large	Pair Corr
0.62	ASHR	Xtrackers Harvest CSI	Pair Corr
0.62	CNYA	iShares MSCI China	Pair Corr
0.61	KWEB	KraneShares CSI China	Pair Corr
0.61	GXC	SPDR SP China	Pair Corr
0.61	KBA	KraneShares Bosera MSCI	Pair Corr
0.57	EWH	iShares MSCI Hong	Pair Corr
0.41	CEFD	ETRACS Monthly Pay	Pair Corr
0.32	SIXD	AIM ETF Products	Pair Corr
0.52	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.46	HD	Home Depot	Pair Corr
0.38	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.38	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.37	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.35	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.35	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.34	AA	Alcoa Corp Fiscal Year End 15th of January 2025	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

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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	+ 0.89	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 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
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

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.

Xtrackers Harvest CSI Aquagold International Thrivent High Yield Morningstar Unconstrained Allocation High Yield Municipal Fund Sparta Capital Via Renewables T Rowe Price Oshidori International Holdings Jpmorgan Smartretirement Blend American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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