KraneShares MSCI Correlations
| KURE Etf | USD 14.76 0.08 0.54% |
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 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 All moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between KraneShares MSCI All and NYA is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares MSCI All and NYA in the same portfolio, assuming nothing else is changed.
KraneShares |
The ability to find closely correlated positions to KraneShares MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KraneShares MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back KraneShares MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling KraneShares MSCI All to buy it.
Moving together with KraneShares Etf
| 0.87 | EWH | iShares MSCI Hong | PairCorr |
| 0.65 | HART | IQ Healthy Hearts | PairCorr |
| 0.73 | IXJ | iShares Global Healthcare | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AQUI | 0.60 | 0.29 | 0.00 | 5.08 | 0.00 | 0.00 | 20.00 | |||
| MSTSX | 0.47 | 0.01 | 0.00 | 0.06 | 0.61 | 1.03 | 3.20 | |||
| ABHYX | 0.16 | 0.00 | (0.12) | 0.05 | 0.20 | 0.45 | 1.61 | |||
| LBHIX | 0.20 | (0.03) | 0.00 | (0.06) | 0.00 | 0.49 | 1.21 | |||
| VIASP | 1.32 | 0.13 | 0.06 | 0.17 | 1.83 | 3.19 | 13.41 | |||
| RRTLX | 0.26 | 0.02 | (0.08) | 2.17 | 0.25 | 0.52 | 1.46 | |||
| OGEAX | 0.62 | (0.01) | (0.01) | 0.04 | 0.69 | 1.12 | 3.56 | |||
| OSHDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Our tools can tell you how much better you can do entering a position in KraneShares MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Already Invested in KraneShares MSCI All?
The danger of trading KraneShares MSCI All is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of KraneShares MSCI is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than KraneShares MSCI. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile KraneShares MSCI All is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether KraneShares MSCI All is a strong investment it is important to analyze KraneShares MSCI's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact KraneShares MSCI's future performance. For an informed investment choice regarding KraneShares Etf, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KraneShares MSCI All. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of KraneShares MSCI All is measured differently than its book value, which is the value of KraneShares that is recorded on the company's balance sheet. Investors also form their own opinion of KraneShares MSCI's value that differs from its market value or its book value, called intrinsic value, which is KraneShares MSCI's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because KraneShares MSCI's market value can be influenced by many factors that don't directly affect KraneShares MSCI's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between KraneShares MSCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares MSCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares MSCI's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.