Correlation Between Amplify Weight and KraneShares Trust
Can any of the company-specific risk be diversified away by investing in both Amplify Weight and KraneShares Trust 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 Amplify Weight and KraneShares Trust into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Amplify Weight Loss and KraneShares Trust, you can compare the effects of market volatilities on Amplify Weight and KraneShares Trust 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 Amplify Weight with a short position of KraneShares Trust. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amplify Weight and KraneShares Trust.
Diversification Opportunities for Amplify Weight and KraneShares Trust
-0.47 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Amplify and KraneShares is -0.47. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Weight Loss and KraneShares Trust in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KraneShares Trust and Amplify Weight 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 Amplify Weight Loss are associated (or correlated) with KraneShares Trust. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KraneShares Trust has no effect on the direction of Amplify Weight i.e., Amplify Weight and KraneShares Trust go up and down completely randomly.
Pair Corralation between Amplify Weight and KraneShares Trust
Given the investment horizon of 90 days Amplify Weight Loss is expected to generate 3.24 times more return on investment than KraneShares Trust. However, Amplify Weight is 3.24 times more volatile than KraneShares Trust. It trades about 0.1 of its potential returns per unit of risk. KraneShares Trust is currently generating about 0.03 per unit of risk. If you would invest 2,312 in Amplify Weight Loss on September 10, 2025 and sell it today you would earn a total of 184.00 from holding Amplify Weight Loss or generate 7.96% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Amplify Weight Loss vs. KraneShares Trust
Performance |
| Timeline |
| Amplify Weight Loss |
| KraneShares Trust |
Amplify Weight and KraneShares Trust Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amplify Weight and KraneShares Trust
The main advantage of trading using opposite Amplify Weight and KraneShares Trust positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amplify Weight position performs unexpectedly, KraneShares Trust 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 KraneShares Trust will offset losses from the drop in KraneShares Trust's long position.| Amplify Weight vs. AdvisorShares Restaurant ETF | Amplify Weight vs. KraneShares Trust | Amplify Weight vs. City Different Investments | Amplify Weight vs. Proshares SP Global |
| KraneShares Trust vs. KraneShares Trust | KraneShares Trust vs. AdvisorShares Restaurant ETF | KraneShares Trust vs. City Different Investments | KraneShares Trust vs. Matthews China Discovery |
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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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