KraneShares Correlations

Summary

KGHG Etf

USD 25.07 0.00 0.00%

The current 90-days correlation between KraneShares and KraneShares California Carbon is 0.04 (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 -0.05 (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 rate.

Moving against KraneShares Etf

0.67	AMPD	Tidal Trust II	Pair Corr
0.62	VWO	Vanguard FTSE Emerging	Pair Corr
0.49	VEA	Vanguard FTSE Developed	Pair Corr
0.47	PMBS	PIMCO Mortgage Backed	Pair Corr
0.54	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.46	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.4	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.33	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.32	0.11	0.06	0.47	0.22	0.66	0.44	-0.43	0.42	META
MSFT	0.32		-0.24	0.08	0.27	0.13	0.2	0.12	0.15	-0.51	MSFT
UBER	0.11	-0.24		0.02	-0.55	0.18	-0.38	-0.34	0.29	0.39	UBER
F	0.06	0.08	0.02		0.33	-0.45	0.43	0.61	-0.42	0.35	F
T	0.47	0.27	-0.55	0.33		-0.34	0.87	0.85	-0.74	0.06	T
A	0.22	0.13	0.18	-0.45	-0.34		-0.29	-0.48	0.58	-0.05	A
CRM	0.66	0.2	-0.38	0.43	0.87	-0.29		0.92	-0.85	0.31	CRM
JPM	0.44	0.12	-0.34	0.61	0.85	-0.48	0.92		-0.87	0.28	JPM
MRK	-0.43	0.15	0.29	-0.42	-0.74	0.58	-0.85	-0.87		-0.41	MRK
XOM	0.42	-0.51	0.39	0.35	0.06	-0.05	0.31	0.28	-0.41		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.92	CRM
CRM	+ 0.87	T
JPM	+ 0.85	T
CRM	+ 0.66	META
JPM	+ 0.61	F
MRK	+ 0.58	A

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.85	CRM
MRK	- 0.74	T
T	- 0.55	UBER
XOM	- 0.51	MSFT
JPM	- 0.48	A

KraneShares Competition 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
META	1.15	0.26	0.13	0.63	1.17	(1.34)	3.22	(1.87)	8.02
MSFT	0.88	0.07	0.01	0.23	1.35	(0.87)	2.09	(1.57)	8.19
UBER	1.78	(0.22)	0.00	(0.07)	0.00	0.00	2.69	(2.88)	20.41
F	1.43	(0.15)	(0.04)	0.01	2.22	(1.41)	2.53	(2.90)	11.21
T	0.98	0.15	0.03	3.35	1.06	(1.06)	2.36	(1.99)	6.74
A	1.22	0.01	(0.04)	0.14	1.48	(1.28)	2.71	(2.41)	9.02
CRM	1.46	0.39	0.28	0.39	1.01	(1.68)	3.59	(1.93)	13.87
JPM	1.08	(0.02)	0.05	0.10	1.30	(1.20)	1.73	(1.44)	15.87
MRK	0.92	(0.22)	0.00	(0.77)	0.00	0.00	2.00	(2.17)	4.89
XOM	0.96	(0.05)	0.00	(0.07)	0.00	0.00	1.83	(2.65)	6.06

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.

KraneShares California Carbon KSET KraneShares European Carbon KraneShares KraneShares Global Carbon American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

Risk & Return

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