Kraneshares California Carbon Etf Price on November 22, 2024

KCCA Etf  USD 19.80  0.17  0.85%   
If you're considering investing in KraneShares Etf, it is important to understand the factors that can impact its price. As of today, the current price of KraneShares California stands at 19.80, as last reported on the 11th of December 2024, with the highest price reaching 20.00 and the lowest price hitting 19.80 during the day. KraneShares California has Sharpe Ratio of -0.0467, which conveys that the entity had a -0.0467% return per unit of risk over the last 3 months. KraneShares California exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KraneShares California's Standard Deviation of 1.61, risk adjusted performance of (0.02), and Mean Deviation of 1.2 to check out the risk estimate we provide.
  
KraneShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0467

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Estimated Market Risk

 1.6
  actual daily
14
86% of assets are more volatile

Expected Return

 -0.07
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average KraneShares California is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of KraneShares California by adding KraneShares California to a well-diversified portfolio.
Average Mkt Cap Mil
89.8 K

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KraneShares California Valuation on November 22, 2024

It is possible to determine the worth of KraneShares California on a given historical date. On November 22, 2024 KraneShares was worth 19.86 at the beginning of the trading date compared to the closed value of 20.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of KraneShares California etf. Still, in general, we apply an absolute valuation method to find KraneShares California's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of KraneShares California where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against KraneShares California's related companies.
 Open High Low Close Volume
  20.02    20.02    19.71    19.91    96,839  
11/22/2024
  19.86    20.16    19.64    20.16    20,439  
  20.19    20.23    20.00    20.11    88,900  
Backtest KraneShares California  |  KraneShares California History  |  KraneShares California Valuation   PreviousNext  
Open Value
19.86
20.16
Closing Value
24.66
Upside

KraneShares California Trading Date Momentum on November 22, 2024

On November 25 2024 KraneShares California Carbon was traded for  20.11  at the closing time. The top price for the day was 20.23  and the lowest listed price was  20.00 . The trading volume for the day was 88.9 K. The trading history from November 25, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.25% . The trading delta at closing time against the current closing price is 1.69% .

KraneShares California Fundamentals Correlations and Trends

By evaluating KraneShares California's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among KraneShares California's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. KraneShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About KraneShares California Etf history

KraneShares California investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for KraneShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in KraneShares California will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing KraneShares California stock prices may prove useful in developing a viable investing in KraneShares California
The index is designed to measure the performance of a portfolio of futures contracts on carbon credits issued under the California Carbon Allowance cap and trade regime. Kraneshares California is traded on New York Stock Exchange in the United States.

KraneShares California Etf Technical Analysis

KraneShares California technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of KraneShares California technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of KraneShares California trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

KraneShares California Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

KraneShares California Carbon cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

KraneShares California December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how KraneShares California etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading KraneShares California shares will generate the highest return on investment. By undertsting and applying KraneShares California etf market strength indicators, traders can identify KraneShares California Carbon entry and exit signals to maximize returns

KraneShares California Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for KraneShares California's price direction in advance. Along with the technical and fundamental analysis of KraneShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of KraneShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether KraneShares California offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of KraneShares California's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kraneshares California Carbon Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Kraneshares California Carbon Etf:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KraneShares California Carbon. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of KraneShares California 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 California's value that differs from its market value or its book value, called intrinsic value, which is KraneShares California'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 California's market value can be influenced by many factors that don't directly affect KraneShares California'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 California's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares California'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.