KraneShares Emerging Correlations

Etfs USA . 
Etf . KraneShares Emerging Markets
KEMQ Etf  USD 22.71  0.06  0.26%   
The current 90-days correlation between KraneShares Emerging and Vanguard FTSE Emerging is 0.04 (i.e., Significant 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

Good diversification

The correlation between KraneShares Emerging Markets and DJI is -0.03 (i.e., Good 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.
  
Build AI portfolio with KraneShares Etf
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

  0.97VWO Vanguard FTSE Emerging Sell-off TrendPairCorr
  0.98IEMG iShares Core MSCI Aggressive PushPairCorr
  0.97EMC Global X FundsPairCorr
  0.98EEM iShares MSCI Emerging Aggressive PushPairCorr
  0.94SPEM SPDR Portfolio EmergingPairCorr
  0.97FNDE Schwab FundamentalPairCorr
  0.98ESGE iShares ESG AwarePairCorr
  0.97SFGRX Seafarer OverseasPairCorr
  0.97DGS WisdomTree EmergingPairCorr
  0.98XSOE WisdomTree EmergingPairCorr
  0.87GBTC Grayscale Bitcoin TrustPairCorr
  0.97USD ProShares Ultra SemiPairCorr
  0.98TECL Direxion Daily TechnologyPairCorr
  0.98ROM ProShares Ultra TechPairCorr
  0.97QLD ProShares Ultra QQQPairCorr
  0.98SMH VanEck Semiconductor ETFPairCorr
  0.98SOXX iShares Semiconductor ETFPairCorr
  0.97SPXL Direxion Daily SP500PairCorr
  0.97UPRO ProShares UltraPro SP500PairCorr
  0.93AXP American ExpressPairCorr
  0.87BA BoeingPairCorr
  0.92GE GE Aerospace Earnings Call This WeekPairCorr
  0.97MSFT MicrosoftPairCorr
  0.95DIS Walt DisneyPairCorr
  0.89AA Alcoa CorpPairCorr
  0.84CVX Chevron CorpPairCorr
  0.83DD Dupont De NemoursPairCorr
  0.65XOM Exxon Mobil CorpPairCorr
  0.97JPM JPMorgan ChasePairCorr
  0.97IBM International Business Earnings Call This WeekPairCorr
  0.96CAT CaterpillarPairCorr

Moving against KraneShares Etf

  0.43VZ Verizon Communications Earnings Call This WeekPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VWO  0.56  0.17  0.13  0.51  0.35 
(0.64)
 1.57 
(1.18)
 4.17 
IEMG  0.58  0.19  0.16  0.55  0.33 
(0.67)
 1.50 
(1.28)
 4.51 
EMC  0.66  0.15  0.13  0.40  0.40 
(0.78)
 2.20 
(1.30)
 4.76 
EEM  0.57  0.18  0.15  0.53  0.33 
(0.71)
 1.49 
(1.23)
 4.44 
SPEM  0.57  0.15  0.10  0.44  0.43 
(0.68)
 1.70 
(1.20)
 4.16 
FNDE  0.55  0.15  0.12  0.48  0.35 
(0.68)
 1.58 
(1.10)
 3.92 
ESGE  0.59  0.20  0.17  0.55  0.37 
(0.70)
 1.57 
(1.36)
 4.61 
SFGRX  0.41  0.24  0.14 (9.21) 0.00 
(0.51)
 1.12 
(0.69)
 3.24 
DGS  0.56  0.22  0.19  0.68  0.32 
(0.66)
 1.27 
(1.18)
 4.92 
XSOE  0.59  0.19  0.16  0.55  0.33 
(0.70)
 1.42 
(1.24)
 4.79 

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