Kraneshares California Carbon Etf Fundamentals
| KCCA Etf | USD 20.25 0.16 0.78% |
KraneShares California Carbon fundamentals help investors to digest information that contributes to KraneShares California's financial success or failures. It also enables traders to predict the movement of KraneShares Etf. The fundamental analysis module provides a way to measure KraneShares California's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to KraneShares California etf.
KraneShares |
KraneShares California Carbon ETF Beta Analysis
KraneShares California's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current KraneShares California Beta | 0.06 |
Most of KraneShares California's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, KraneShares California Carbon is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, KraneShares California Carbon has a Beta of 0.06. This is much higher than that of the KraneShares family and significantly higher than that of the Commodities Focused category. The beta for all United States etfs is notably lower than that of the firm.
KraneShares Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses KraneShares California's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of KraneShares California could also be used in its relative valuation, which is a method of valuing KraneShares California by comparing valuation metrics of similar companies.KraneShares California is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for KraneShares California
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in stocks.Asset allocation divides KraneShares California's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
As returns on the market increase, KraneShares California's returns are expected to increase less than the market. However, during the bear market, the loss of holding KraneShares California is expected to be smaller as well.
KraneShares Fundamentals
| Beta | 0.06 | |||
| Total Asset | 272.82 M | |||
| One Year Return | (15.50) % | |||
| Three Year Return | (1.70) % | |||
| Net Asset | 272.82 M | |||
| Equity Positions Weight | 28.74 % |
About KraneShares California Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze KraneShares California Carbon's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of KraneShares California using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of KraneShares California Carbon based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether KraneShares California offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of KraneShares California's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kraneshares California Carbon Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Kraneshares California Carbon Etf:Check out KraneShares California Piotroski F Score and KraneShares California Altman Z Score analysis. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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.