KraneShares California Competition
| KCCA Etf | USD 15.22 0.00 0.00% |
KraneShares California vs Janus Detroit Correlation
Good diversification
The correlation between KraneShares California Carbon and JIII is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KraneShares California Carbon and JIII in the same portfolio, assuming nothing else is changed.
Moving against KraneShares Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KraneShares California'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 California Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between KraneShares California and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of KraneShares and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of KraneShares California does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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KraneShares California Competition Risk-Adjusted Indicators
There is a big difference between KraneShares Etf performing well and KraneShares California ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze KraneShares California's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.61 | (0.08) | 0.00 | (0.04) | 0.00 | 3.43 | 11.42 | |||
| MSFT | 1.23 | (0.32) | 0.00 | (1.41) | 0.00 | 1.85 | 13.28 | |||
| UBER | 1.46 | (0.30) | 0.00 | (0.36) | 0.00 | 2.46 | 10.23 | |||
| F | 1.24 | 0.05 | 0.04 | 0.08 | 1.23 | 3.38 | 7.16 | |||
| T | 0.96 | 0.05 | 0.02 | 0.23 | 1.04 | 1.85 | 3.77 | |||
| A | 1.19 | (0.18) | 0.00 | (0.10) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.54 | (0.30) | 0.00 | (0.25) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.09 | (0.03) | (0.01) | 0.01 | 1.67 | 1.88 | 7.38 | |||
| MRK | 1.28 | 0.33 | 0.24 | 0.50 | 1.13 | 3.59 | 8.09 | |||
| XOM | 1.08 | 0.31 | 0.23 | 3.83 | 0.95 | 2.38 | 5.82 |
KraneShares California Competitive Analysis
The better you understand KraneShares California competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, KraneShares California's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across KraneShares California's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
KraneShares California Competition Performance Charts
Five steps to successful analysis of KraneShares California Competition
KraneShares California's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by KraneShares California in relation to its competition. KraneShares California's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of KraneShares California in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact KraneShares California's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to KraneShares California, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your KraneShares California position
In addition to having KraneShares California in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out KraneShares California Correlation with its peers. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Understanding KraneShares California requires distinguishing between market price and book value, where the latter reflects KraneShares's accounting equity. The concept of intrinsic value—what KraneShares California's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push KraneShares California's price substantially above or below its fundamental value.
Understanding that KraneShares California's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether KraneShares California represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, KraneShares California's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.