Kraneshares Trust Etf Market Value
| KCSH Etf | 25.10 0.01 0.04% |
| Symbol | KraneShares |
The market value of KraneShares Trust 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 Trust's value that differs from its market value or its book value, called intrinsic value, which is KraneShares Trust'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 Trust's market value can be influenced by many factors that don't directly affect KraneShares Trust'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 Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares Trust'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.
KraneShares Trust 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to KraneShares Trust's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of KraneShares Trust.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in KraneShares Trust on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding KraneShares Trust or generate 0.0% return on investment in KraneShares Trust over 30 days. KraneShares Trust is related to or competes with VanEck Vectors, BondBloxx ETF, Vanguard ESG, Vanguard Intermediate, Vanguard Long, Vanguard Short, and Virtus ETF. KraneShares Trust is entity of United States More
KraneShares Trust Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure KraneShares Trust's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess KraneShares Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1138 | |||
| Information Ratio | (1.33) | |||
| Maximum Drawdown | 0.4417 | |||
| Value At Risk | (0.16) | |||
| Potential Upside | 0.16 |
KraneShares Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares Trust's standard deviation. In reality, there are many statistical measures that can use KraneShares Trust historical prices to predict the future KraneShares Trust's volatility.| Risk Adjusted Performance | 0.0805 | |||
| Jensen Alpha | 0.0111 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (1.05) | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KraneShares Trust's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
KraneShares Trust Backtested Returns
KraneShares Trust is very steady at the moment. KraneShares Trust has Sharpe Ratio of 0.22, which conveys that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for KraneShares Trust, which you can use to evaluate the volatility of the etf. Please verify KraneShares Trust's Risk Adjusted Performance of 0.0805, coefficient of variation of 490.63, and Mean Deviation of 0.0662 to check out if the risk estimate we provide is consistent with the expected return of 0.0188%. The etf secures a Beta (Market Risk) of -0.0222, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KraneShares Trust are expected to decrease at a much lower rate. During the bear market, KraneShares Trust is likely to outperform the market.
Auto-correlation | 0.67 |
Good predictability
KraneShares Trust has good predictability. Overlapping area represents the amount of predictability between KraneShares Trust time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of KraneShares Trust price movement. The serial correlation of 0.67 indicates that around 67.0% of current KraneShares Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
KraneShares Trust lagged returns against current returns
Autocorrelation, which is KraneShares Trust etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting KraneShares Trust's etf expected returns. We can calculate the autocorrelation of KraneShares Trust returns to help us make a trade decision. For example, suppose you find that KraneShares Trust has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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KraneShares Trust regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If KraneShares Trust etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares Trust etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares Trust etf over time.
Current vs Lagged Prices |
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KraneShares Trust Lagged Returns
When evaluating KraneShares Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares Trust etf have on its future price. KraneShares Trust autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, KraneShares Trust autocorrelation shows the relationship between KraneShares Trust etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares Trust.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether KraneShares Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of KraneShares Trust'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 Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Kraneshares Trust Etf:Check out KraneShares Trust Correlation, KraneShares Trust Volatility and KraneShares Trust Alpha and Beta module to complement your research on KraneShares Trust. For more detail on how to invest in KraneShares Etf please use our How to Invest in KraneShares Trust guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
KraneShares Trust 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.