Kraneshares Trust Etf Market Value
| BUYO Etf | 23.54 0.19 0.80% |
| Symbol | KraneShares |
The market value of KraneShares Trust 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 Trust's value that differs from its market value or its book value, called intrinsic value, which is KraneShares Trust'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 Trust's market value can be influenced by many factors that don't directly affect KraneShares Trust'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 Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares Trust'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 Trust '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 Trust'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 Trust.
| 12/27/2024 |
| 03/27/2025 |
If you would invest 0.00 in KraneShares Trust on December 27, 2024 and sell it all today you would earn a total of 0.00 from holding KraneShares Trust or generate 0.0% return on investment in KraneShares Trust over 90 days. KraneShares Trust is related to or competes with Matthews China, Matthews Emerging, Neuberger Berman, Fidelity Small, Professionally Managed, First Trust, and First Trust. KraneShares Trust is entity of United States More
KraneShares Trust 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 Trust'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 Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 4.82 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.43 |
KraneShares Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares Trust's standard deviation. In reality, there are many statistical measures that can use KraneShares Trust historical prices to predict the future KraneShares Trust's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KraneShares Trust'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 Trust Backtested Returns
KraneShares Trust has Sharpe Ratio of -0.0943, which conveys that the entity had a -0.0943 % return per unit of risk over the last 3 months. KraneShares Trust exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KraneShares Trust's Risk Adjusted Performance of (0.07), standard deviation of 1.13, and Mean Deviation of 0.8632 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 1.11, which conveys a somewhat significant risk relative to the market. KraneShares Trust returns are very sensitive to returns on the market. As the market goes up or down, KraneShares Trust is expected to follow.
Auto-correlation | -0.87 |
Excellent reverse predictability
KraneShares Trust has excellent reverse predictability. Overlapping area represents the amount of predictability between KraneShares Trust time series from 27th of December 2024 to 10th of February 2025 and 10th of February 2025 to 27th of March 2025. 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 Trust price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current KraneShares Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
KraneShares Trust lagged returns against current returns
Autocorrelation, which is KraneShares Trust 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 Trust's etf expected returns. We can calculate the autocorrelation of KraneShares Trust returns to help us make a trade decision. For example, suppose you find that KraneShares Trust 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 Trust 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 Trust etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares Trust etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares Trust etf over time.
Current vs Lagged Prices |
| Timeline |
KraneShares Trust Lagged Returns
When evaluating KraneShares Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares Trust etf have on its future price. KraneShares Trust 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 Trust autocorrelation shows the relationship between KraneShares Trust etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares Trust.
Regressed Prices |
| Timeline |
Pair Trading with KraneShares Trust
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 Trust 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 Trust will appreciate offsetting losses from the drop in the long position's value.Moving together with KraneShares Etf
Moving against KraneShares Etf
| 0.74 | VZ | Verizon Communications | PairCorr |
| 0.71 | PMBS | PIMCO Mortgage Backed | PairCorr |
| 0.7 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 0.68 | JNJ | Johnson Johnson | PairCorr |
| 0.65 | FXY | Invesco CurrencyShares | PairCorr |
The ability to find closely correlated positions to KraneShares Trust 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 Trust 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 Trust - 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 Trust to buy it.
The correlation of KraneShares Trust 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 Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KraneShares Trust 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 Trust 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 Trust Correlation, KraneShares Trust Volatility and KraneShares Trust Alpha and Beta module to complement your research on KraneShares Trust. To learn how to invest in KraneShares Etf, please use our How to Invest in KraneShares Trust guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
KraneShares Trust 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.