Kraneshares Global Carbon Etf Market Value
| KRBN Etf | USD 31.22 0.07 0.22% |
| Symbol | KraneShares |
The market value of KraneShares Global Carbon 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 Global's value that differs from its market value or its book value, called intrinsic value, which is KraneShares Global'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 Global's market value can be influenced by many factors that don't directly affect KraneShares Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares Global'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 Global '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 Global'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 Global.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in KraneShares Global on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding KraneShares Global Carbon or generate 0.0% return on investment in KraneShares Global over 660 days. KraneShares Global is related to or competes with Goldman Sachs, IShares Gold, and IShares Bloomberg. The advisor attempts to maintain exposure to carbon credit futures that are substantially the same as those included in ... More
KraneShares Global 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 Global'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 Global Carbon upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.51 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.16 |
KraneShares Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares Global's standard deviation. In reality, there are many statistical measures that can use KraneShares Global historical prices to predict the future KraneShares Global's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 6.98 |
KraneShares Global Carbon Backtested Returns
KraneShares Global Carbon has Sharpe Ratio of -0.053, which conveys that the entity had a -0.053% return per unit of risk over the last 3 months. KraneShares Global exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KraneShares Global's Risk Adjusted Performance of (0.07), mean deviation of 0.8935, and Standard Deviation of 1.15 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.0169, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KraneShares Global are expected to decrease at a much lower rate. During the bear market, KraneShares Global is likely to outperform the market.
Auto-correlation | -0.04 |
Very weak reverse predictability
KraneShares Global Carbon has very weak reverse predictability. Overlapping area represents the amount of predictability between KraneShares Global time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 Global Carbon price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current KraneShares Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 2.07 |
KraneShares Global Carbon lagged returns against current returns
Autocorrelation, which is KraneShares Global 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 Global's etf expected returns. We can calculate the autocorrelation of KraneShares Global returns to help us make a trade decision. For example, suppose you find that KraneShares Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares Global etf over time.
Current vs Lagged Prices |
| Timeline |
KraneShares Global Lagged Returns
When evaluating KraneShares Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares Global etf have on its future price. KraneShares Global 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 Global autocorrelation shows the relationship between KraneShares Global etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares Global Carbon.
Regressed Prices |
| Timeline |
Pair Trading with KraneShares Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving against KraneShares Etf
| 0.58 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.34 | DBA | Invesco DB Agriculture | PairCorr |
| 0.31 | SLV | iShares Silver Trust | PairCorr |
| 0.31 | GLTR | abrdn Physical Precious | PairCorr |
| 0.31 | SIVR | abrdn Physical Silver | PairCorr |
The ability to find closely correlated positions to KraneShares Global 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 Global 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 Global - 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 Global Carbon to buy it.
The correlation of KraneShares Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KraneShares Global Carbon 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 Global 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 Global Correlation, KraneShares Global Volatility and KraneShares Global Alpha and Beta module to complement your research on KraneShares Global. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
KraneShares Global 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.