Kraneshares Asia Pacific Etf Market Value
| KHYB Etf | USD 24.80 0.01 0.04% |
| Symbol | KraneShares |
The market value of KraneShares Asia Pacific 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 Asia's value that differs from its market value or its book value, called intrinsic value, which is KraneShares Asia'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 Asia's market value can be influenced by many factors that don't directly affect KraneShares Asia'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 Asia's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares Asia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares Asia'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 Asia '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 Asia'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 Asia.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in KraneShares Asia on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding KraneShares Asia Pacific or generate 0.0% return on investment in KraneShares Asia over 360 days. KraneShares Asia is related to or competes with IShares IBoxx, IShares IBoxx, IShares National, Invesco Emerging, and IShares MBS. Under normal circumstances, the fund seeks to achieve its objective by investing at least 80 percent of its net assets i... More
KraneShares Asia 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 Asia'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 Asia Pacific upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2387 | |||
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.11 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.3276 |
KraneShares Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares Asia's standard deviation. In reality, there are many statistical measures that can use KraneShares Asia historical prices to predict the future KraneShares Asia's volatility.| Risk Adjusted Performance | 0.0798 | |||
| Jensen Alpha | 0.01 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.40) | |||
| Treynor Ratio | 0.2575 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KraneShares Asia'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 Asia Pacific Backtested Returns
At this point, KraneShares Asia is very steady. KraneShares Asia Pacific has Sharpe Ratio of 0.23, which conveys that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for KraneShares Asia, which you can use to evaluate the volatility of the etf. Please verify KraneShares Asia's Mean Deviation of 0.1491, downside deviation of 0.2387, and Risk Adjusted Performance of 0.0798 to check out if the risk estimate we provide is consistent with the expected return of 0.0378%. The etf secures a Beta (Market Risk) of 0.0697, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KraneShares Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding KraneShares Asia is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
KraneShares Asia Pacific has excellent predictability. Overlapping area represents the amount of predictability between KraneShares Asia time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Asia Pacific price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current KraneShares Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
KraneShares Asia Pacific lagged returns against current returns
Autocorrelation, which is KraneShares Asia 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 Asia's etf expected returns. We can calculate the autocorrelation of KraneShares Asia returns to help us make a trade decision. For example, suppose you find that KraneShares Asia 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 Asia 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 Asia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares Asia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares Asia etf over time.
Current vs Lagged Prices |
| Timeline |
KraneShares Asia Lagged Returns
When evaluating KraneShares Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares Asia etf have on its future price. KraneShares Asia 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 Asia autocorrelation shows the relationship between KraneShares Asia etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares Asia Pacific.
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 Asia Pacific offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of KraneShares Asia'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 Asia Pacific Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Kraneshares Asia Pacific Etf:Check out KraneShares Asia Correlation, KraneShares Asia Volatility and KraneShares Asia Alpha and Beta module to complement your research on KraneShares Asia. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
KraneShares Asia 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.