Kraneshares California Carbon Etf Profile
| KCCA Etf | USD 20.25 0.16 0.78% |
Performance0 of 100
| Odds Of DistressLess than 9
|
KraneShares California is trading at 20.25 as of the 27th of November 2024, a 0.78 percent decrease since the beginning of the trading day. The etf's open price was 20.41. KraneShares California has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for KraneShares California Carbon are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of September 2023 and ending today, the 27th of November 2024. Click here to learn more.
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. More on KraneShares California Carbon
Moving together with KraneShares Etf
| 0.63 | GLD | SPDR Gold Shares | PairCorr |
| 0.63 | IAU | iShares Gold Trust | PairCorr |
| 0.62 | SLV | iShares Silver Trust Potential Growth | PairCorr |
| 0.63 | GLDM | SPDR Gold MiniShares | PairCorr |
| 0.63 | SGOL | abrdn Physical Gold | PairCorr |
Moving against KraneShares Etf
KraneShares Etf Highlights
| Thematic Idea | Energy ETFs (View all Themes) |
| Business Concentration | Energy ETFs, Commodities Focused, KraneShares (View all Sectors) |
| Issuer | KraneShares |
| Inception Date | 2021-10-05 |
| Benchmark | IHS Markit Carbon CCA Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 219.27 Million |
| Asset Type | Commodities |
| Category | Energy |
| Focus | Broad Energy |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | SEI Investments Global Funds Services |
| Advisor | Krane Funds Advisors, LLC |
| Custodian | Brown Brothers Harriman& Co. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | James Maund, Jonathan Shelon, Luke Oliver |
| Transfer Agent | Brown Brothers Harriman& Co. |
| Fiscal Year End | 31-Mar |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 4.0 |
| Market Maker | Jane Street |
| Total Expense | 0.81 |
| Management Fee | 0.78 |
| Country Name | USA |
| Returns Y T D | (17.09) |
| Name | KraneShares California Carbon Allowance ETF |
| Currency Code | USD |
| Open Figi | BBG012TH9YQ3 |
| In Threey Volatility | 20.14 |
| 1y Volatility | 15.41 |
| 200 Day M A | 24.6705 |
| 50 Day M A | 21.8517 |
| Code | KCCA |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.02 |
KraneShares California Carbon [KCCA] is traded in USA and was established 2021-10-04. The fund is listed under Commodities Focused category and is part of KraneShares family. The entity is thematically classified as Energy ETFs. KraneShares California now have 272.82 M in assets. , while the total return for the last 3 years was -1.7%.
Check KraneShares California Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on KraneShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding KraneShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as KraneShares California Carbon Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top KraneShares California Carbon Etf Constituents
| KCSH | KraneShares Trust | Etf | Ultrashort Bond | |
| GVMXX | State Street Master | Money Market Fund | US Money Market Fund |
KraneShares California Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in KraneShares California. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.05) |
KraneShares California Against Markets
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.