KraneShares Financial Statements From 2010 to 2024
| KFYP Etf | USD 23.00 0.11 0.48% |
Check KraneShares financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among KraneShares' main balance sheet or income statement drivers, such as , as well as many indicators such as . KraneShares financial statements analysis is a perfect complement when working with KraneShares Valuation or Volatility modules.
KraneShares |
KraneShares ETF Price To Book Analysis
KraneShares' Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current KraneShares Price To Book | 2.12 X |
Most of KraneShares' fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, KraneShares is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
CompetitionBased on the latest financial disclosure, KraneShares has a Price To Book of 2.12 times. This is much higher than that of the KraneShares family and significantly higher than that of the China Region category. The price to book for all United States etfs is notably lower than that of the firm.
KraneShares Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining KraneShares's current stock value. Our valuation model uses many indicators to compare KraneShares value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across KraneShares competition to find correlations between indicators driving KraneShares's intrinsic value. More Info.KraneShares is considered the top ETF in price to earning as compared to similar ETFs. It also is considered the top ETF in price to book as compared to similar ETFs fabricating about 0.12 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for KraneShares is roughly 8.06 . Comparative valuation analysis is a catch-all technique that is used if you cannot value KraneShares by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About KraneShares Financial Statements
KraneShares shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although KraneShares investors may analyze each financial statement separately, they are all interrelated. The changes in KraneShares' assets and liabilities, for example, are also reflected in the revenues and expenses on on KraneShares' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund will invest at least 80 percent of its net assets in instruments in its underlying index or in instruments that have economic characteristics similar to those in the underlying index. KS Cicc is traded on NYSEARCA Exchange in the United States.
Pair Trading with KraneShares
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving against KraneShares Etf
| 0.8 | PULS | PGIM Ultra Short | PairCorr |
| 0.73 | SPAQ | Horizon Kinetics SPAC | PairCorr |
| 0.71 | CPST | Calamos ETF Trust | PairCorr |
| 0.69 | DIS | Walt Disney | PairCorr |
| 0.51 | CAPD | Barclays Capital | PairCorr |
The ability to find closely correlated positions to KraneShares 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 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 - 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 to buy it.
The correlation of KraneShares 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KraneShares 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 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 Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of KraneShares 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' value that differs from its market value or its book value, called intrinsic value, which is KraneShares' 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' market value can be influenced by many factors that don't directly affect KraneShares' 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' value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares' 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.