Kraneshares European Carbon Etf Market Value
| KEUA Etf | USD 22.48 0.20 0.90% |
| Symbol | KraneShares |
The market value of KraneShares European 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 European's value that differs from its market value or its book value, called intrinsic value, which is KraneShares European'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 European's market value can be influenced by many factors that don't directly affect KraneShares European'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 European's value and its price as these two are different measures arrived at by different means. Investors typically determine if KraneShares European is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KraneShares European'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 European '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 European'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 European.
| 11/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in KraneShares European on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding KraneShares European Carbon or generate 0.0% return on investment in KraneShares European over 60 days. KraneShares European is related to or competes with KraneShares California, KraneShares Global, and IPath Series. The index is designed to measure the performance of a portfolio of futures contracts on carbon credits issued under the ... More
KraneShares European 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 European'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 European Carbon upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.058 | |||
| Maximum Drawdown | 9.23 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.83 |
KraneShares European Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KraneShares European's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KraneShares European's standard deviation. In reality, there are many statistical measures that can use KraneShares European historical prices to predict the future KraneShares European's volatility.| Risk Adjusted Performance | 0.0618 | |||
| Jensen Alpha | 0.1338 | |||
| Total Risk Alpha | 0.1026 | |||
| Sortino Ratio | 0.07 | |||
| Treynor Ratio | 1.86 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KraneShares European'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 European Backtested Returns
At this point, KraneShares European is very steady. KraneShares European has Sharpe Ratio of 0.0851, which conveys that the entity had a 0.0851% return per unit of risk over the last 3 months. We have found thirty technical indicators for KraneShares European, which you can use to evaluate the volatility of the etf. Please verify KraneShares European's Mean Deviation of 1.68, risk adjusted performance of 0.0618, and Downside Deviation of 1.75 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. The etf secures a Beta (Market Risk) of 0.0723, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KraneShares European's returns are expected to increase less than the market. However, during the bear market, the loss of holding KraneShares European is expected to be smaller as well.
Auto-correlation | -0.11 |
Insignificant reverse predictability
KraneShares European Carbon has insignificant reverse predictability. Overlapping area represents the amount of predictability between KraneShares European time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th of January 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 European price movement. The serial correlation of -0.11 indicates that less than 11.0% of current KraneShares European price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
KraneShares European lagged returns against current returns
Autocorrelation, which is KraneShares European 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 European's etf expected returns. We can calculate the autocorrelation of KraneShares European returns to help us make a trade decision. For example, suppose you find that KraneShares European 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 European 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 European etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KraneShares European etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KraneShares European etf over time.
Current vs Lagged Prices |
| Timeline |
KraneShares European Lagged Returns
When evaluating KraneShares European's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KraneShares European etf have on its future price. KraneShares European 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 European autocorrelation shows the relationship between KraneShares European etf current value and its past values and can show if there is a momentum factor associated with investing in KraneShares European Carbon.
Regressed Prices |
| Timeline |
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Check out KraneShares European Correlation, KraneShares European Volatility and KraneShares European Alpha and Beta module to complement your research on KraneShares European. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
KraneShares European 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.