KraneShares Electric (UK) Market Value
| KARP Etf | 12.64 0.07 0.55% |
| Symbol | KraneShares |
KraneShares Electric 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to KraneShares Electric's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of KraneShares Electric.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in KraneShares Electric on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding KraneShares Electric Vehicles or generate 0.0% return on investment in KraneShares Electric over 180 days. KraneShares Electric is related to or competes with Leverage Shares, GraniteShares, WisdomTree Natural, Leverage Shares, WisdomTree Natural, Leverage Shares, and WisdomTree Short. KraneShares Electric is entity of United Kingdom More
KraneShares Electric Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure KraneShares Electric's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess KraneShares Electric Vehicles upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.0949 | |||
| Maximum Drawdown | 11.18 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 4.13 |
KraneShares Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares Electric's standard deviation. In reality, there are many statistical measures that can use KraneShares Electric historical prices to predict the future KraneShares Electric's volatility.| Risk Adjusted Performance | 0.1226 | |||
| Jensen Alpha | 0.3073 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0969 | |||
| Treynor Ratio | 2.03 |
KraneShares Electric Backtested Returns
KraneShares Electric appears to be not too volatile, given 3 months investment horizon. KraneShares Electric has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for KraneShares Electric, which you can use to evaluate the volatility of the etf. Please exercise KraneShares Electric's Downside Deviation of 2.17, mean deviation of 1.73, and Risk Adjusted Performance of 0.1226 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KraneShares Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding KraneShares Electric is expected to be smaller as well.
Auto-correlation | -0.62 |
Very good reverse predictability
KraneShares Electric Vehicles has very good reverse predictability. Overlapping area represents the amount of predictability between KraneShares Electric time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of KraneShares Electric price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current KraneShares Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
KraneShares Electric lagged returns against current returns
Autocorrelation, which is KraneShares Electric etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting KraneShares Electric's etf expected returns. We can calculate the autocorrelation of KraneShares Electric returns to help us make a trade decision. For example, suppose you find that KraneShares Electric has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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KraneShares Electric regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If KraneShares Electric etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares Electric etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares Electric etf over time.
Current vs Lagged Prices |
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KraneShares Electric Lagged Returns
When evaluating KraneShares Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares Electric etf have on its future price. KraneShares Electric autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, KraneShares Electric autocorrelation shows the relationship between KraneShares Electric etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares Electric Vehicles.
Regressed Prices |
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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 Electric is a strong investment it is important to analyze KraneShares Electric's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact KraneShares Electric's future performance. For an informed investment choice regarding KraneShares Etf, refer to the following important reports:Check out KraneShares Electric Correlation, KraneShares Electric Volatility and KraneShares Electric Alpha and Beta module to complement your research on KraneShares Electric. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
KraneShares Electric 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.