Kraneshares Emerging Markets Etf Market Value
| KEMQ Etf | USD 17.65 0.13 0.74% |
| Symbol | KraneShares |
The market value of KraneShares Emerging 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 Emerging's value that differs from its market value or its book value, called intrinsic value, which is KraneShares Emerging'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 Emerging's market value can be influenced by many factors that don't directly affect KraneShares Emerging'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 Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares Emerging'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 Emerging '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 Emerging'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 Emerging.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in KraneShares Emerging on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding KraneShares Emerging Markets or generate 0.0% return on investment in KraneShares Emerging over 720 days. KraneShares Emerging is related to or competes with KraneShares Bosera, KraneShares MSCI, Cambria Value, and KraneShares MSCI. The fund will invest at least 80 percent of its net assets in instruments in its underlying index or in instruments that... More
KraneShares Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.0281 | |||
| Maximum Drawdown | 12.99 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.85 |
KraneShares Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares Emerging's standard deviation. In reality, there are many statistical measures that can use KraneShares Emerging historical prices to predict the future KraneShares Emerging's volatility.| Risk Adjusted Performance | 0.0715 | |||
| Jensen Alpha | 0.1219 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0295 | |||
| Treynor Ratio | 0.3746 |
KraneShares Emerging Backtested Returns
KraneShares Emerging appears to be not too volatile, given 3 months investment horizon. KraneShares Emerging has Sharpe Ratio of 0.1, which conveys that the entity had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for KraneShares Emerging, which you can use to evaluate the volatility of the etf. Please exercise KraneShares Emerging's Downside Deviation of 2.08, mean deviation of 1.51, and Risk Adjusted Performance of 0.0715 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, KraneShares Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding KraneShares Emerging is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
KraneShares Emerging Markets has very good reverse predictability. Overlapping area represents the amount of predictability between KraneShares Emerging time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Emerging price movement. The serial correlation of -0.67 indicates that around 67.0% of current KraneShares Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 2.33 |
KraneShares Emerging lagged returns against current returns
Autocorrelation, which is KraneShares Emerging 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 Emerging's etf expected returns. We can calculate the autocorrelation of KraneShares Emerging returns to help us make a trade decision. For example, suppose you find that KraneShares Emerging 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 |
| Timeline |
KraneShares Emerging 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 Emerging etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares Emerging etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares Emerging etf over time.
Current vs Lagged Prices |
| Timeline |
KraneShares Emerging Lagged Returns
When evaluating KraneShares Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares Emerging etf have on its future price. KraneShares Emerging 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 Emerging autocorrelation shows the relationship between KraneShares Emerging etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares Emerging Markets.
Regressed Prices |
| Timeline |
Pair Trading with KraneShares Emerging
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if KraneShares Emerging position performs unexpectedly, the other equity 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 Emerging will appreciate offsetting losses from the drop in the long position's value.Moving together with KraneShares Etf
| 0.97 | VWO | Vanguard FTSE Emerging | PairCorr |
| 0.9 | IEMG | iShares Core MSCI | PairCorr |
| 0.82 | EMC | Global X Funds | PairCorr |
| 0.92 | EEM | iShares MSCI Emerging | PairCorr |
| 0.97 | SPEM | SPDR Portfolio Emerging | PairCorr |
Moving against KraneShares Etf
The ability to find closely correlated positions to KraneShares Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KraneShares Emerging when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back KraneShares Emerging - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling KraneShares Emerging Markets to buy it.
The correlation of KraneShares Emerging 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KraneShares Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KraneShares Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for KraneShares Emerging can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out KraneShares Emerging Correlation, KraneShares Emerging Volatility and KraneShares Emerging Alpha and Beta module to complement your research on KraneShares Emerging. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
KraneShares Emerging 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.