Kraneshares Csi China Etf Market Value
| KWEB Etf | USD 27.96 0.63 2.31% |
| Symbol | KraneShares |
The market value of KraneShares CSI 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 CSI's value that differs from its market value or its book value, called intrinsic value, which is KraneShares CSI'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 CSI's market value can be influenced by many factors that don't directly affect KraneShares CSI'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 CSI's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares CSI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares CSI'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 CSI '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 CSI'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 CSI.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in KraneShares CSI on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding KraneShares CSI China or generate 0.0% return on investment in KraneShares CSI over 30 days. KraneShares CSI is related to or competes with IShares MSCI, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and Bondbloxx ETF. The fund will invest at least 80 percent of its net assets in instruments in its underlying index or in instruments that... More
KraneShares CSI 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 CSI'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 CSI China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.0869 | |||
| Maximum Drawdown | 10.9 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 4.12 |
KraneShares CSI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares CSI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares CSI's standard deviation. In reality, there are many statistical measures that can use KraneShares CSI historical prices to predict the future KraneShares CSI's volatility.| Risk Adjusted Performance | 0.0899 | |||
| Jensen Alpha | 0.2913 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0996 | |||
| Treynor Ratio | (0.87) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KraneShares CSI'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 CSI China Backtested Returns
KraneShares CSI appears to be very steady, given 3 months investment horizon. KraneShares CSI China has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for KraneShares CSI, which you can use to evaluate the volatility of the etf. Please exercise KraneShares CSI's Mean Deviation of 1.59, downside deviation of 1.81, and Risk Adjusted Performance of 0.0899 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of -0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning KraneShares CSI are expected to decrease at a much lower rate. During the bear market, KraneShares CSI is likely to outperform the market.
Auto-correlation | -0.1 |
Very weak reverse predictability
KraneShares CSI China has very weak reverse predictability. Overlapping area represents the amount of predictability between KraneShares CSI time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 CSI China price movement. The serial correlation of -0.1 indicates that less than 10.0% of current KraneShares CSI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
KraneShares CSI China lagged returns against current returns
Autocorrelation, which is KraneShares CSI 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 CSI's etf expected returns. We can calculate the autocorrelation of KraneShares CSI returns to help us make a trade decision. For example, suppose you find that KraneShares CSI 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 CSI 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 CSI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares CSI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares CSI etf over time.
Current vs Lagged Prices |
| Timeline |
KraneShares CSI Lagged Returns
When evaluating KraneShares CSI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares CSI etf have on its future price. KraneShares CSI 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 CSI autocorrelation shows the relationship between KraneShares CSI etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares CSI China.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out KraneShares CSI Correlation, KraneShares CSI Volatility and KraneShares CSI Alpha and Beta module to complement your research on KraneShares CSI. Note that the KraneShares CSI China information on this page should be used as a complementary analysis to other KraneShares CSI'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
KraneShares CSI 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.