KraneShares CSI Correlations

Etfs . USA . 
Etf . KraneShares CSI China
KWEB Etf  USD 36.22  0.51  1.43%   
The current 90-days correlation between KraneShares CSI China and iShares MSCI China is 0.94 (i.e., Almost no diversification). The correlation of KraneShares CSI 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 CSI Correlation With Market

Weak diversification

The correlation between KraneShares CSI China and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares CSI 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 CSI 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 income.

Moving together with KraneShares Etf

  0.95FXI iShares China LargePairCorr
  0.87EWT iShares MSCI TaiwanPairCorr
  0.82ASHR Xtrackers Harvest CSI Aggressive PushPairCorr
  0.95GXC SPDR SP ChinaPairCorr
  0.85CQQQ Invesco China TechnologyPairCorr
  0.94CXSE WisdomTree ChinaPairCorr
  0.85EWH iShares MSCI HongPairCorr
  0.82KBA KraneShares Bosera MSCIPairCorr
  0.84CNYA iShares MSCI China Low VolatilityPairCorr
  0.83GBTC Grayscale Bitcoin TrustPairCorr
  0.76USD ProShares Ultra SemiPairCorr
  0.79DFEN Direxion Daily AerospacePairCorr
  0.84DUSL Direxion Daily IndusPairCorr
  0.63DIG ProShares Ultra OilPairCorr
  0.83FNGO MicroSectors FANG IndexPairCorr
  0.91KGRN KraneShares MSCI ChinaPairCorr
  0.81BAC Bank of AmericaPairCorr
  0.79JPM JPMorgan ChasePairCorr
  0.75CSCO Cisco SystemsPairCorr
  0.78DD Dupont De NemoursPairCorr
  0.61CVX Chevron CorpPairCorr
  0.82GE GE Aerospace Earnings Call This WeekPairCorr
  0.86MSFT MicrosoftPairCorr
  0.62PFE Pfizer IncPairCorr
  0.83DIS Walt DisneyPairCorr
  0.8MMM 3M CompanyPairCorr

Moving against KraneShares Etf

  0.68FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.57KO Coca Cola Earnings Call This WeekPairCorr
  0.55PG Procter GamblePairCorr
  0.44MCD McDonaldsPairCorr
  0.34VZ Verizon Communications Earnings Call This WeekPairCorr

Related Correlations Analysis

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KraneShares CSI Constituents Risk-Adjusted Indicators

There is a big difference between KraneShares Etf performing well and KraneShares CSI 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 CSI'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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