Kraneshares California Carbon Etf Market Value

KCCA Etf  USD 17.12  0.13  0.75%   
KraneShares California's market value is the price at which a share of KraneShares California trades on a public exchange. It measures the collective expectations of KraneShares California Carbon investors about its performance. KraneShares California is trading at 17.12 as of the 25th of March 2025, a 0.75 percent decrease since the beginning of the trading day. The etf's open price was 17.25.
With this module, you can estimate the performance of a buy and hold strategy of KraneShares California Carbon and determine expected loss or profit from investing in KraneShares California over a given investment horizon. Check out KraneShares California Correlation, KraneShares California Volatility and KraneShares California Alpha and Beta module to complement your research on KraneShares California.
Symbol

The market value of KraneShares California 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 California's value that differs from its market value or its book value, called intrinsic value, which is KraneShares California'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 California's market value can be influenced by many factors that don't directly affect KraneShares California'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 California's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares California'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 California '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 California'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 California.
0.00
12/25/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/25/2025
0.00
If you would invest  0.00  in KraneShares California on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding KraneShares California Carbon or generate 0.0% return on investment in KraneShares California over 90 days. KraneShares California is related to or competes with KraneShares European, IPath Series, and KraneShares Global. The index is designed to measure the performance of a portfolio of futures contracts on carbon credits issued under the ... More

KraneShares California 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 California'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 California Carbon upside and downside potential and time the market with a certain degree of confidence.

KraneShares California Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares California's standard deviation. In reality, there are many statistical measures that can use KraneShares California historical prices to predict the future KraneShares California's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KraneShares California'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.
Hype
Prediction
LowEstimatedHigh
15.2017.0718.94
Details
Intrinsic
Valuation
LowRealHigh
15.4317.3019.17
Details
Naive
Forecast
LowNextHigh
15.4017.2719.14
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.0917.0718.06
Details

KraneShares California Backtested Returns

KraneShares California has Sharpe Ratio of -0.0942, which conveys that the entity had a -0.0942 % return per unit of risk over the last 3 months. KraneShares California exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KraneShares California's Risk Adjusted Performance of (0.08), standard deviation of 1.79, and Mean Deviation of 1.23 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.0316, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KraneShares California are expected to decrease at a much lower rate. During the bear market, KraneShares California is likely to outperform the market.

Auto-correlation

    
  -0.29  

Weak reverse predictability

KraneShares California Carbon has weak reverse predictability. Overlapping area represents the amount of predictability between KraneShares California time series from 25th of December 2024 to 8th of February 2025 and 8th of February 2025 to 25th 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 California price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current KraneShares California price fluctuation can be explain by its past prices.
Correlation Coefficient-0.29
Spearman Rank Test-0.05
Residual Average0.0
Price Variance0.23
KraneShares ReturnsKraneShares Lagged ReturnsDiversified AwayKraneShares ReturnsKraneShares Lagged ReturnsDiversified Away100%

KraneShares California lagged returns against current returns

Autocorrelation, which is KraneShares California 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 California's etf expected returns. We can calculate the autocorrelation of KraneShares California returns to help us make a trade decision. For example, suppose you find that KraneShares California 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   
JavaScript chart by amCharts 3.21.15Feb 10Feb 15Feb 20Feb 25MarMar 07Mar 12Mar 17Mar 22-15%-10%-5%0%5%10%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
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KraneShares California 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 California etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares California etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares California etf over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Feb 10Feb 15Feb 20Feb 25MarMar 07Mar 12Mar 17Mar 2216.016.517.017.518.018.519.019.5
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
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KraneShares California Lagged Returns

When evaluating KraneShares California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares California etf have on its future price. KraneShares California 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 California autocorrelation shows the relationship between KraneShares California etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares California Carbon.
   Regressed Prices   
JavaScript chart by amCharts 3.21.152025FebMar16.517.017.518.018.519.019.520.0
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
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Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether KraneShares California offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of KraneShares California's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kraneshares California Carbon Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Kraneshares California Carbon Etf:
Check out KraneShares California Correlation, KraneShares California Volatility and KraneShares California Alpha and Beta module to complement your research on KraneShares California.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
KraneShares California 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.
A focus of KraneShares California technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of KraneShares California trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...