KraneShares MSCI Correlations

Etfs . USA . 
Etf . KraneShares MSCI China
KGRN Etf  USD 28.14  0.13  0.46%   
The current 90-days correlation between KraneShares MSCI China and Tidal Trust II is 0.2 (i.e., Modest 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

Weak diversification

The correlation between KraneShares MSCI China and DJI is 0.35 (i.e., Weak 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.
  
Build AI portfolio with KraneShares Etf
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KraneShares MSCI China. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with KraneShares Etf

  0.91KWEB KraneShares CSI China Aggressive PushPairCorr
  0.9FXI iShares China LargePairCorr
  0.83EWT iShares MSCI TaiwanPairCorr
  0.89ASHR Xtrackers Harvest CSI Aggressive PushPairCorr
  0.94GXC SPDR SP ChinaPairCorr
  0.82CQQQ Invesco China TechnologyPairCorr
  0.95CXSE WisdomTree ChinaPairCorr
  0.8EWH iShares MSCI HongPairCorr
  0.91KBA KraneShares Bosera MSCIPairCorr
  0.89CNYA iShares MSCI China Low VolatilityPairCorr
  0.9GBTC Grayscale Bitcoin TrustPairCorr
  0.78USD ProShares Ultra SemiPairCorr
  0.77DFEN Direxion Daily AerospacePairCorr
  0.85DUSL Direxion Daily IndusPairCorr
  0.79FNGO MicroSectors FANG IndexPairCorr
  0.78BAC Bank of AmericaPairCorr
  0.78JPM JPMorgan ChasePairCorr
  0.75CSCO Cisco SystemsPairCorr
  0.86DD Dupont De NemoursPairCorr
  0.61CVX Chevron CorpPairCorr
  0.79GE GE Aerospace Earnings Call TomorrowPairCorr
  0.81MSFT MicrosoftPairCorr
  0.61PFE Pfizer IncPairCorr
  0.78DIS Walt DisneyPairCorr
  0.88MMM 3M CompanyPairCorr

Moving against KraneShares Etf

  0.48FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.53KO Coca Cola Earnings Call TomorrowPairCorr
  0.52PG Procter GamblePairCorr
  0.32MCD McDonaldsPairCorr
  0.31VZ Verizon Communications Earnings Call TodayPairCorr

Related Correlations Analysis

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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.

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