Kraneshares Msci China Etf Market Value
| KGRN Etf | USD 22.03 0.67 2.95% |
| Symbol | KraneShares |
The market value of KraneShares MSCI China 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 MSCI's value that differs from its market value or its book value, called intrinsic value, which is KraneShares MSCI'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 MSCI's market value can be influenced by many factors that don't directly affect KraneShares MSCI'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 MSCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares MSCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares MSCI'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 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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in KraneShares MSCI on December 3, 2022 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 720 days. KraneShares MSCI is related to or competes with KraneShares MSCI, Global X, and WisdomTree China. The fund will invest at least 80 percent of its net assets in instruments in its index or in instruments that have econo... More
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.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.0556 | |||
| Maximum Drawdown | 19.91 | |||
| Value At Risk | (4.60) | |||
| Potential Upside | 5.87 |
KraneShares MSCI Market Risk Indicators
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.| Risk Adjusted Performance | 0.0768 | |||
| Jensen Alpha | 0.2713 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.056 | |||
| Treynor Ratio | 43.17 |
KraneShares MSCI China Backtested Returns
KraneShares MSCI appears to be not too volatile, given 3 months investment horizon. KraneShares MSCI China has Sharpe Ratio of 0.0778, which conveys that the entity had a 0.0778% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for KraneShares MSCI, which you can use to evaluate the volatility of the etf. Please exercise KraneShares MSCI's Risk Adjusted Performance of 0.0768, downside deviation of 3.08, and Mean Deviation of 2.22 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of 0.0063, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KraneShares MSCI's returns are expected to increase less than the market. However, during the bear market, the loss of holding KraneShares MSCI is expected to be smaller as well.
Auto-correlation | -0.48 |
Modest reverse predictability
KraneShares MSCI China has modest reverse predictability. Overlapping area represents the amount of predictability between KraneShares MSCI time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 -0.48 indicates that about 48.0% of current KraneShares MSCI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 2.54 |
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 |
Pair Trading with KraneShares MSCI
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if KraneShares MSCI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in KraneShares MSCI will appreciate offsetting losses from the drop in the long position's value.Moving together with KraneShares Etf
| 0.98 | KWEB | KraneShares CSI China Aggressive Push | PairCorr |
| 0.98 | FXI | iShares China Large Aggressive Push | PairCorr |
| 0.98 | ASHR | Xtrackers Harvest CSI | PairCorr |
| 0.99 | GXC | SPDR SP China Potential Growth | PairCorr |
Moving against KraneShares Etf
| 0.86 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to KraneShares MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KraneShares MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back KraneShares MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling KraneShares MSCI China to buy it.
The correlation of KraneShares MSCI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KraneShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KraneShares MSCI China moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for KraneShares MSCI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out KraneShares MSCI Correlation, KraneShares MSCI Volatility and KraneShares MSCI Alpha and Beta module to complement your research on KraneShares MSCI. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
KraneShares MSCI 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.