Kraneshares California Carbon Etf Price on October 11, 2024
| KCCA Etf | USD 20.16 0.25 1.26% |
If you're considering investing in KraneShares Etf, it is important to understand the factors that can impact its price. As of today, the current price of KraneShares California stands at 20.16, as last reported on the 24th of November, with the highest price reaching 20.16 and the lowest price hitting 19.64 during the day. At this point, KraneShares California is very steady. KraneShares California has Sharpe Ratio of 0.0197, which conveys that the entity had a 0.0197% return per unit of risk over the last 3 months. We have found thirty technical indicators for KraneShares California, which you can use to evaluate the volatility of the etf. Please verify KraneShares California's Mean Deviation of 1.17, risk adjusted performance of 0.0426, and Downside Deviation of 1.75 to check out if the risk estimate we provide is consistent with the expected return of 0.0298%.
KraneShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
KraneShares |
Sharpe Ratio = 0.0197
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| Negative Returns | KCCA |
Estimated Market Risk
| 1.51 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average KraneShares California is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of KraneShares California by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 89.8 K |
KraneShares California Valuation on October 11, 2024
It is possible to determine the worth of KraneShares California on a given historical date. On October 11, 2024 KraneShares was worth 21.96 at the beginning of the trading date compared to the closed value of 22.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of KraneShares California etf. Still, in general, we apply an absolute valuation method to find KraneShares California's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of KraneShares California where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against KraneShares California's related companies.
| Open | High | Low | Close | Volume | |
| 21.95 | 21.99 | 21.71 | 21.83 | 32,608 | |
10/11/2024 | 21.96 | 22.11 | 21.92 | 22.11 | 18,587 |
| 22.01 | 22.41 | 22.01 | 22.27 | 27,868 |
| Backtest KraneShares California | | | KraneShares California History | | | KraneShares California Valuation | Previous | Next |
KraneShares California Trading Date Momentum on October 11, 2024
| On October 14 2024 KraneShares California Carbon was traded for 22.27 at the closing time. The top price for the day was 22.41 and the lowest listed price was 22.01 . The trading volume for the day was 27.9 K. The trading history from October 14, 2024 was a factor to the next trading day price jump. The trading delta at closing time against the next closing price was 0.72% . The trading delta at closing time against the current closing price is 5.29% . |
KraneShares California Fundamentals Correlations and Trends
By evaluating KraneShares California's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among KraneShares California's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. KraneShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About KraneShares California Etf history
KraneShares California investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for KraneShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in KraneShares California will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing KraneShares California stock prices may prove useful in developing a viable investing in KraneShares California
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.
KraneShares California Etf Technical Analysis
KraneShares California 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.
Price Boundaries
KraneShares California Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
KraneShares California Carbon cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
KraneShares California November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how KraneShares California etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading KraneShares California shares will generate the highest return on investment. By undertsting and applying KraneShares California etf market strength indicators, traders can identify KraneShares California Carbon entry and exit signals to maximize returns
KraneShares California Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for KraneShares California's price direction in advance. Along with the technical and fundamental analysis of KraneShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of KraneShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0979 |
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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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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.