Kraneshares Msci China Etf Market Value
| KGRN Etf | USD 19.53 0.39 1.96% |
| 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.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in KraneShares MSCI on April 30, 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, WisdomTree China, and KraneShares CICC. 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.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.51 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 3.26 |
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 | 0.0048 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KraneShares MSCI'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 MSCI China Backtested Returns
We consider KraneShares MSCI very steady. KraneShares MSCI China has Sharpe Ratio of 0.0317, which conveys that the entity had a 0.0317% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for KraneShares MSCI, which you can use to evaluate the volatility of the etf. Please verify KraneShares MSCI's Risk Adjusted Performance of 0.0048, mean deviation of 1.58, and Standard Deviation of 2.08 to check out if the risk estimate we provide is consistent with the expected return of 0.065%. The etf secures a Beta (Market Risk) of 1.12, which conveys a somewhat significant risk relative to the market. KraneShares MSCI returns are very sensitive to returns on the market. As the market goes up or down, KraneShares MSCI is expected to follow.
Auto-correlation | 0.66 |
Good predictability
KraneShares MSCI China has good predictability. Overlapping area represents the amount of predictability between KraneShares MSCI time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th of April 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 0.66 indicates that around 66.0% of current KraneShares MSCI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 9.03 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards KraneShares MSCI in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, KraneShares MSCI's short interest history, or implied volatility extrapolated from KraneShares MSCI options trading.
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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.