Kraneshares California Carbon Etf Market Value
| KCCA Etf | USD 20.25 0.16 0.78% |
| Symbol | KraneShares |
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.
KraneShares California '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 California'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 California.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in KraneShares California on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding KraneShares California Carbon or generate 0.0% return on investment in KraneShares California over 90 days. KraneShares California is related to or competes with KraneShares European, IPath Series, and KraneShares Global. The index is designed to measure the performance of a portfolio of futures contracts on carbon credits issued under the ... More
KraneShares California 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 California'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 California Carbon upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.55 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 2.2 |
KraneShares California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares California's standard deviation. In reality, there are many statistical measures that can use KraneShares California historical prices to predict the future KraneShares California's volatility.| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0578 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KraneShares California's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
KraneShares California Backtested Returns
KraneShares California has Sharpe Ratio of -0.0246, which conveys that the entity had a -0.0246% return per unit of risk over the last 3 months. KraneShares California exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KraneShares California's Downside Deviation of 1.72, mean deviation of 1.16, and Risk Adjusted Performance of 0.0293 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.66, which conveys possible diversification benefits within a given portfolio. 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.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
KraneShares California Carbon has almost perfect reverse predictability. Overlapping area represents the amount of predictability between KraneShares California time series from 30th of August 2024 to 14th of October 2024 and 14th of October 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 California price movement. The serial correlation of -0.78 indicates that around 78.0% of current KraneShares California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
KraneShares California lagged returns against current returns
Autocorrelation, which is KraneShares California 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 California's etf expected returns. We can calculate the autocorrelation of KraneShares California returns to help us make a trade decision. For example, suppose you find that KraneShares California 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 California 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 California etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares California etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares California etf over time.
Current vs Lagged Prices |
| Timeline |
KraneShares California Lagged Returns
When evaluating KraneShares California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares California etf have on its future price. KraneShares California 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 California autocorrelation shows the relationship between KraneShares California etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares California Carbon.
Regressed Prices |
| Timeline |
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 Correlation, KraneShares California Volatility and KraneShares California Alpha and Beta module to complement your research on KraneShares California. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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.