KraneShares MSCI Correlations
| KGRN Etf | USD 21.81 0.22 1.00% |
The current 90-days correlation between KraneShares MSCI China and KraneShares MSCI All is 0.91 (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 China 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 China and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares MSCI China and DJI in the same portfolio, assuming nothing else is changed.
KraneShares |
Moving together with KraneShares Etf
| 0.93 | KWEB | KraneShares CSI China | PairCorr |
| 0.92 | FXI | iShares China Large | PairCorr |
| 0.91 | ASHR | Xtrackers Harvest CSI | PairCorr |
| 0.92 | GXC | SPDR SP China | PairCorr |
| 0.89 | CQQQ | Invesco China Technology | PairCorr |
| 0.89 | CXSE | WisdomTree China | PairCorr |
| 0.91 | EWH | iShares MSCI Hong | PairCorr |
| 0.98 | KBA | KraneShares Bosera MSCI | PairCorr |
| 0.85 | CNYA | iShares MSCI China | PairCorr |
| 0.68 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.71 | HD | Home Depot | PairCorr |
| 0.62 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.64 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.8 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.67 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Moving against KraneShares Etf
| 0.78 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.31 | IRET | Tidal Trust II | PairCorr |
| 0.48 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.95 | 0.88 | -0.09 | -0.49 | KURE | ||
| 0.95 | 0.9 | -0.22 | -0.49 | CHIQ | ||
| 0.88 | 0.9 | -0.28 | -0.52 | CXSE | ||
| -0.09 | -0.22 | -0.28 | 0.01 | KFVG | ||
| -0.49 | -0.49 | -0.52 | 0.01 | CHIK | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KURE | 2.22 | 0.14 | 0.03 | 0.38 | 2.67 | 6.30 | 19.61 | |||
| CHIQ | 2.26 | 0.38 | 0.08 | 5.33 | 2.81 | 5.21 | 22.16 | |||
| CXSE | 2.14 | 0.32 | 0.04 | (0.36) | 2.58 | 5.45 | 20.12 | |||
| KFVG | 0.18 | 0.04 | 0.00 | (0.62) | 0.00 | 0.35 | 1.12 | |||
| CHIK | 1.08 | (0.17) | 0.00 | (3.98) | 0.00 | 1.92 | 6.21 |