KraneShares Electric Correlations

Etfs . USA . 
Etf . KraneShares Electric Vehicles
KARS Etf  USD 22.05  0.01  0.05%   
The current 90-days correlation between KraneShares Electric and Industrial Select Sector is 0.06 (i.e., Significant diversification). The correlation of KraneShares Electric 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KraneShares Electric Vehicles. 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

  0.7XLI Industrial Select SectorPairCorr
  0.66ITA iShares Aerospace DefensePairCorr
  0.68VIS Vanguard IndustrialsPairCorr
  0.65JETS US Global JetsPairCorr
  0.63FXR First Trust IndustriPairCorr
  0.71PPA Invesco Aerospace DefensePairCorr
  0.65IYJ iShares Industrials ETFPairCorr
  0.68FIDU Fidelity MSCI IndustrialsPairCorr
  0.73MAPP Harbor ETF TrustPairCorr
  0.64EVUS iShares ESG AwarePairCorr
  0.77XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.85CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.75AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.64HPQ HP IncPairCorr
  0.61CVX Chevron Corp Sell-off TrendPairCorr
  0.75INTC Intel Fiscal Year End 23rd of January 2025 PairCorr

Moving against KraneShares Etf

  0.5BITI ProShares TrustPairCorr
  0.49HART IQ Healthy HeartsPairCorr
  0.47GREI Goldman Sachs FuturePairCorr
  0.65MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.62BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.52KO Coca Cola Aggressive PushPairCorr
  0.35PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

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KraneShares Electric Constituents Risk-Adjusted Indicators

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