KraneShares California Financials
| KCCA Etf | USD 20.16 0.25 1.26% |
Net Expense Ratio 0.0081 | 3 y Sharp Ratio 0.02 |
KraneShares |
The data published in KraneShares California's official financial statements typically reflect KraneShares California's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving KraneShares California's quantitative information. For example, before you start analyzing numbers published by KraneShares accountants, it's essential to understand KraneShares California's liquidity, profitability, and earnings quality within the context of the KraneShares space in which it operates.
Please note, the presentation of KraneShares California's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, KraneShares California's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of KraneShares California's management manipulating its earnings.
KraneShares California Etf Summary
KraneShares California competes with Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, and T Rowe. 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.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US5007675532 |
| CUSIP | 500767553 |
| Region | North America |
| Investment Issuer | KraneShares |
| Etf Family | KraneShares |
| Fund Category | Energy |
| Portfolio Concentration | Broad Energy |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
KraneShares California Key Financial Ratios
KraneShares Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining KraneShares California's current stock value. Our valuation model uses many indicators to compare KraneShares California value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across KraneShares California competition to find correlations between indicators driving KraneShares California's intrinsic value. More Info.KraneShares California Carbon is rated third overall ETF in beta as compared to similar ETFs. It is considered the top ETF in one year return as compared to similar ETFs . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the KraneShares California's earnings, one of the primary drivers of an investment's value.KraneShares California Systematic Risk
KraneShares California's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. KraneShares California volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on KraneShares California correlated with the market. If Beta is less than 0 KraneShares California generally moves in the opposite direction as compared to the market. If KraneShares California Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one KraneShares California is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of KraneShares California is generally in the same direction as the market. If Beta > 1 KraneShares California moves generally in the same direction as, but more than the movement of the benchmark.
About KraneShares California Financials
What exactly are KraneShares California Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include KraneShares California's income statement, its balance sheet, and the statement of cash flows. Potential KraneShares California investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although KraneShares California investors may use each financial statement separately, they are all related. The changes in KraneShares California's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on KraneShares California's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.KraneShares California Thematic Clasifications
KraneShares California Carbon is part of Energy ETFs investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA ETFs from Energy clasification. ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs
This theme covers USA ETFs from Energy clasification. ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. Get More Thematic Ideas
| Energy ETFs | View |
KraneShares California November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of KraneShares California help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of KraneShares California Carbon. We use our internally-developed statistical techniques to arrive at the intrinsic value of KraneShares California Carbon based on widely used predictive technical indicators. In general, we focus on analyzing KraneShares Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build KraneShares California's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.75 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.55 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 2.26 |
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.