(KRBN) KraneShares Global Carbon - Ratings and Ratios

The KraneShares Global Carbon ETF (KRBN) is a commodities-focused exchange-traded fund (ETF) listed on the NYSE ARCA exchange. As a carbon-focused ETF, KRBN provides investors with exposure to the global carbon market, allowing them to capitalize on the growing demand for emissions reduction.

Key drivers of KRBNs performance include the price of carbon credits, which are influenced by government policies and regulations aimed at reducing greenhouse gas emissions. The funds returns are also impacted by the overall demand for carbon credits from companies and governments seeking to comply with emissions targets. Key economic drivers include the implementation of carbon pricing mechanisms, such as carbon taxes or cap-and-trade systems, and the growth of renewable energy sources.

To evaluate KRBNs performance, investors can monitor key performance indicators (KPIs) such as the funds tracking error, which measures its deviation from the underlying carbon credit index. Other relevant KPIs include the funds expense ratio, trading volume, and assets under management (AUM), which currently stands at $165.42 million. The liquidity of the fund, as indicated by its average trading volume of 31,400 shares, is also an important consideration.

Investors should also consider the funds sensitivity to market volatility, as measured by its beta of 0.880, which suggests that KRBNs returns are relatively closely tied to the broader market. Additionally, the funds price movements can be influenced by factors such as changes in global energy demand, weather patterns, and economic growth.