Kraneshares Etf Technical Analysis
| KCCB Etf | USD 24.36 0.14 0.57% |
As of the 16th of April 2024, KraneShares secures the Mean Deviation of 0.3228, standard deviation of 0.9441, and Risk Adjusted Performance of (0.01). KraneShares technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the etf's future prices. Strictly speaking, you can use this information to find out if the etf will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down thirteen technical drivers for KraneShares, which can be compared to its peers in the industry. Please verify KraneShares coefficient of variation, treynor ratio, skewness, as well as the relationship between the variance and value at risk to decide if KraneShares is priced some-what accurately, providing market reflects its recent price of 24.36 per share.
KraneShares Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as KraneShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to KraneSharesKraneShares |
KraneShares 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.
KraneShares Technical Analysis
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KraneShares Trend Analysis
Use this graph to draw trend lines for KraneShares. You can use it to identify possible trend reversals for KraneShares as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual KraneShares price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.KraneShares Best Fit Change Line
The following chart estimates an ordinary least squares regression model for KraneShares applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that KraneShares market price will keep on failing further. It has 122 observation points and a regression sum of squares at 12.99, which is the sum of squared deviations for the predicted KraneShares price change compared to its average price change.About KraneShares Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of KraneShares on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of KraneShares based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on KraneShares price pattern first instead of the macroeconomic environment surrounding KraneShares. By analyzing KraneShares's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of KraneShares's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to KraneShares specific price patterns or momentum indicators. Please read more on our technical analysis page.
KraneShares April 16, 2024 Technical Indicators
Most technical analysis of KraneShares help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for KraneShares from various momentum indicators to cycle indicators. When you analyze KraneShares charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | 0.3056 | |||
| Mean Deviation | 0.3228 | |||
| Coefficient Of Variation | (4,849) | |||
| Standard Deviation | 0.9441 | |||
| Variance | 0.8913 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.2956 | |||
| Maximum Drawdown | 8.14 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.4532 | |||
| Skewness | (7.11) | |||
| Kurtosis | 54.97 |
KraneShares One Year Return
Based on the recorded statements, KraneShares has an One Year Return of 5.1%. This is 135.59% lower than that of the KraneShares family and significantly higher than that of the Emerging Markets Bond category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the KraneShares information on this page should be used as a complementary analysis to other KraneShares' 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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.