Kraneshares Dynamic Emerging Etf Market Value
| KEM Etf | USD 25.72 0.27 1.04% |
| Symbol | KraneShares |
The market value of KraneShares Dynamic 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 Dynamic's value that differs from its market value or its book value, called intrinsic value, which is KraneShares Dynamic'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 Dynamic's market value can be influenced by many factors that don't directly affect KraneShares Dynamic'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 Dynamic's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares Dynamic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares Dynamic'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 Dynamic '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 Dynamic'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 Dynamic.
| 03/04/2024 |
| 06/02/2024 |
If you would invest 0.00 in KraneShares Dynamic on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding KraneShares Dynamic Emerging or generate 0.0% return on investment in KraneShares Dynamic over 90 days. KraneShares Dynamic is related to or competes with Jamf Holding, Olo, EFuture Information, and Global Mofy. KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide More
KraneShares Dynamic 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 Dynamic'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 Dynamic Emerging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9597 | |||
| Information Ratio | 0.047 | |||
| Maximum Drawdown | 4.57 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.12 |
KraneShares Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares Dynamic's standard deviation. In reality, there are many statistical measures that can use KraneShares Dynamic historical prices to predict the future KraneShares Dynamic's volatility.| Risk Adjusted Performance | 0.0635 | |||
| Jensen Alpha | 0.0528 | |||
| Total Risk Alpha | 0.0267 | |||
| Sortino Ratio | 0.0449 | |||
| Treynor Ratio | 0.1081 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KraneShares Dynamic'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 Dynamic Backtested Returns
We consider KraneShares Dynamic very steady. KraneShares Dynamic has Sharpe Ratio of 0.0838, which conveys that the entity had a 0.0838% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for KraneShares Dynamic, which you can use to evaluate the volatility of the etf. Please verify KraneShares Dynamic's Mean Deviation of 0.6961, downside deviation of 0.9597, and Risk Adjusted Performance of 0.0635 to check out if the risk estimate we provide is consistent with the expected return of 0.0769%. The etf secures a Beta (Market Risk) of 0.72, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, KraneShares Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding KraneShares Dynamic is expected to be smaller as well.
Auto-correlation | 0.45 |
Average predictability
KraneShares Dynamic Emerging has average predictability. Overlapping area represents the amount of predictability between KraneShares Dynamic time series from 4th of March 2024 to 18th of April 2024 and 18th of April 2024 to 2nd of June 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 Dynamic price movement. The serial correlation of 0.45 indicates that just about 45.0% of current KraneShares Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
KraneShares Dynamic lagged returns against current returns
Autocorrelation, which is KraneShares Dynamic 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 Dynamic's etf expected returns. We can calculate the autocorrelation of KraneShares Dynamic returns to help us make a trade decision. For example, suppose you find that KraneShares Dynamic 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 Dynamic 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 Dynamic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares Dynamic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares Dynamic etf over time.
Current vs Lagged Prices |
| Timeline |
KraneShares Dynamic Lagged Returns
When evaluating KraneShares Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares Dynamic etf have on its future price. KraneShares Dynamic 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 Dynamic autocorrelation shows the relationship between KraneShares Dynamic etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares Dynamic Emerging.
Regressed Prices |
| Timeline |
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Check out KraneShares Dynamic Correlation, KraneShares Dynamic Volatility and KraneShares Dynamic Alpha and Beta module to complement your research on KraneShares Dynamic. Note that the KraneShares Dynamic information on this page should be used as a complementary analysis to other KraneShares Dynamic's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
KraneShares Dynamic 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.