KraneShares MSCI Correlations

OBOR Etf

USD 21.36 0.01 0.05%

The current 90-days correlation between KraneShares MSCI One and iShares Dividend and is 0.38 (i.e., Weak diversification). The correlation of KraneShares MSCI 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 MSCI Correlation With Market

Modest diversification

The correlation between KraneShares MSCI One and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares MSCI One and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in KraneShares MSCI One. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with KraneShares Etf

0.61

PMBS

PIMCO Mortgage Backed

Pair Corr

Moving against KraneShares Etf

0.39

AMPD

Tidal Trust II

Pair Corr

Related Correlations Analysis

	DIVB	MCSE	MDCP	EV	GK	MJ	PP	XT	METV
DIVB		0.56	0.67	0.4	0.49	0.33	0.57	0.59	0.12	DIVB
MCSE	0.56		-0.05	0.1	0.42	-0.4	0.29	0.91	0.72	MCSE
MDCP	0.67	-0.05		0.63	0.48	0.75	0.65	0.05	-0.31	MDCP
EV	0.4	0.1	0.63		0.62	0.57	0.71	0.25	0.01	EV
GK	0.49	0.42	0.48	0.62		0.2	0.79	0.64	0.54	GK
MJ	0.33	-0.4	0.75	0.57	0.2		0.44	-0.28	-0.56	MJ
PP	0.57	0.29	0.65	0.71	0.79	0.44		0.52	0.36	PP
XT	0.59	0.91	0.05	0.25	0.64	-0.28	0.52		0.81	XT
METV	0.12	0.72	-0.31	0.01	0.54	-0.56	0.36	0.81		METV
	DIVB	MCSE	MDCP	EV	GK	MJ	PP	XT	METV

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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

XT	+ 0.91	MCSE
METV	+ 0.81	XT
PP	+ 0.79	GK
MJ	+ 0.75	MDCP
METV	+ 0.72	MCSE
PP	+ 0.71	EV

High negative correlations

METV	- 0.56	MJ
MJ	- 0.4	MCSE
METV	- 0.31	MDCP
XT	- 0.28	MJ
MDCP	- 0.05	MCSE

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
DIVB	0.54	0.00	0.01	0.01	0.69	(0.57)	1.01	(0.76)	3.96
MCSE	0.71	0.06	0.06	0.13	0.88	(0.81)	1.73	(1.48)	4.40
MDCP	0.66	(0.17)	0.00	(0.28)	0.00	0.00	1.33	(1.22)	4.70
EV	0.96	(0.01)	(0.01)	(0.04)	1.24	(0.94)	1.62	(1.76)	6.73
GK	0.78	0.02	0.02	0.05	1.23	(0.71)	1.55	(1.55)	5.38
MJ	1.72	(0.28)	0.00	(0.52)	0.00	0.00	4.39	(3.59)	12.45
PP	1.18	(0.02)	0.00	(0.02)	0.00	0.00	2.71	(2.05)	9.37
XT	0.73	0.05	0.05	0.09	0.94	(0.76)	1.31	(1.58)	4.52
METV	1.03	0.15	0.11	0.33	1.19	(1.09)	2.09	(2.17)	6.21

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