Correlation Between KraneShares Trust and Amplify Weight
Can any of the company-specific risk be diversified away by investing in both KraneShares Trust and Amplify Weight at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining KraneShares Trust and Amplify Weight into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between KraneShares Trust and Amplify Weight Loss, you can compare the effects of market volatilities on KraneShares Trust and Amplify Weight and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in KraneShares Trust with a short position of Amplify Weight. Check out your portfolio center. Please also check ongoing floating volatility patterns of KraneShares Trust and Amplify Weight.
Diversification Opportunities for KraneShares Trust and Amplify Weight
-0.38 | Correlation Coefficient |
Very good diversification
The 3 months correlation between KraneShares and Amplify is -0.38. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares Trust and Amplify Weight Loss in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amplify Weight Loss and KraneShares Trust is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on KraneShares Trust are associated (or correlated) with Amplify Weight. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amplify Weight Loss has no effect on the direction of KraneShares Trust i.e., KraneShares Trust and Amplify Weight go up and down completely randomly.
Pair Corralation between KraneShares Trust and Amplify Weight
Given the investment horizon of 90 days KraneShares Trust is expected to generate 4.98 times less return on investment than Amplify Weight. But when comparing it to its historical volatility, KraneShares Trust is 3.12 times less risky than Amplify Weight. It trades about 0.07 of its potential returns per unit of risk. Amplify Weight Loss is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest 2,328 in Amplify Weight Loss on September 9, 2025 and sell it today you would earn a total of 194.00 from holding Amplify Weight Loss or generate 8.33% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
KraneShares Trust vs. Amplify Weight Loss
Performance |
| Timeline |
| KraneShares Trust |
| Amplify Weight Loss |
KraneShares Trust and Amplify Weight Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KraneShares Trust and Amplify Weight
The main advantage of trading using opposite KraneShares Trust and Amplify Weight positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KraneShares Trust position performs unexpectedly, Amplify Weight can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amplify Weight will offset losses from the drop in Amplify Weight's long position.| KraneShares Trust vs. KraneShares Trust | KraneShares Trust vs. AdvisorShares Restaurant ETF | KraneShares Trust vs. City Different Investments | KraneShares Trust vs. Matthews China Discovery |
| Amplify Weight vs. AdvisorShares Restaurant ETF | Amplify Weight vs. KraneShares Trust | Amplify Weight vs. City Different Investments | Amplify Weight vs. Proshares SP Global |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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