Kraneshares Electric Vehicles Etf Market Value
| KARS Etf | USD 21.41 0.26 1.23% |
| Symbol | KraneShares |
The market value of KraneShares Electric 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 Electric's value that differs from its market value or its book value, called intrinsic value, which is KraneShares Electric'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 Electric's market value can be influenced by many factors that don't directly affect KraneShares Electric'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 Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares Electric'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.
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.
| 11/02/2024 |
| 01/31/2025 |
If you would invest 0.00 in KraneShares Electric on November 2, 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 90 days. KraneShares Electric is related to or competes with SPDR SP, IShares Self, Amplify Lithium, Global X, and Global X. The fund will invest at least 80 percent of its net assets in instruments in its underlying index or in instruments that... 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 2.8 |
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 | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (21.80) |
KraneShares Electric Backtested Returns
KraneShares Electric has Sharpe Ratio of -0.034, which conveys that the entity had a -0.034 % return per unit of risk over the last 3 months. KraneShares Electric exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KraneShares Electric's Mean Deviation of 1.58, standard deviation of 2.14, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.0038, 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 | 0.42 |
Average predictability
KraneShares Electric Vehicles has average predictability. Overlapping area represents the amount of predictability between KraneShares Electric time series from 2nd of November 2024 to 17th of December 2024 and 17th of December 2024 to 31st of January 2025. 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 0.42 indicates that just about 42.0% of current KraneShares Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
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 |
| Timeline |
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 |
| Timeline |
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 |
| Timeline |
Thematic Opportunities
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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 Stocks Directory module to find actively traded stocks across global markets.
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.