KraneShares MSCI's market value is the price at which a share of KraneShares MSCI trades on a public exchange. It measures the collective expectations of KraneShares MSCI China investors about its performance. KraneShares MSCI is selling for under 17.81 as of the 28th of November 2024; that is 2.06 percent increase since the beginning of the trading day. The etf's lowest day price was 17.75. With this module, you can estimate the performance of a buy and hold strategy of KraneShares MSCI China and determine expected loss or profit from investing in KraneShares MSCI over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
KraneShares
KraneShares MSCI '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 MSCI'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 MSCI.
0.00
10/29/2024
No Change 0.00
0.0
In 31 days
11/28/2024
0.00
If you would invest 0.00 in KraneShares MSCI on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding KraneShares MSCI China or generate 0.0% return on investment in KraneShares MSCI over 30 days.
KraneShares MSCI 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 MSCI'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 MSCI China upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares MSCI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares MSCI's standard deviation. In reality, there are many statistical measures that can use KraneShares MSCI historical prices to predict the future KraneShares MSCI's volatility.
KraneShares MSCI appears to be not too volatile, given 3 months investment horizon. KraneShares MSCI China has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for KraneShares MSCI, which you can use to evaluate the volatility of the etf. Please exercise KraneShares MSCI's Downside Deviation of 2.87, risk adjusted performance of 0.1037, and Mean Deviation of 1.86 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KraneShares MSCI are expected to decrease at a much lower rate. During the bear market, KraneShares MSCI is likely to outperform the market.
Auto-correlation
0.15
Insignificant predictability
KraneShares MSCI China has insignificant predictability. Overlapping area represents the amount of predictability between KraneShares MSCI time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 MSCI China price movement. The serial correlation of 0.15 indicates that less than 15.0% of current KraneShares MSCI price fluctuation can be explain by its past prices.
Correlation Coefficient
0.15
Spearman Rank Test
0.52
Residual Average
0.0
Price Variance
0.05
KraneShares MSCI China lagged returns against current returns
Autocorrelation, which is KraneShares MSCI 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 MSCI's etf expected returns. We can calculate the autocorrelation of KraneShares MSCI returns to help us make a trade decision. For example, suppose you find that KraneShares MSCI 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 MSCI 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 MSCI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares MSCI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares MSCI etf over time.
Current vs Lagged Prices
Timeline
KraneShares MSCI Lagged Returns
When evaluating KraneShares MSCI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares MSCI etf have on its future price. KraneShares MSCI 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 MSCI autocorrelation shows the relationship between KraneShares MSCI etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares MSCI China.
Regressed Prices
Timeline
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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.