Ark Autonomous Technology Etf Profile
| ARKQ Etf | USD 51.06 0.89 1.77% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ARK Autonomous is selling at 51.06 as of the 24th of April 2024; that is 1.77 percent up since the beginning of the trading day. The etf's last reported lowest price was 50.34. ARK Autonomous has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for ARK Autonomous Technology are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
The fund is an actively-managed exchange-traded fund that will invest under normal circumstances primarily in domestic and foreign equity securities of autonomous technology and robotics companies that are relevant to the funds investment theme of disruptive innovation. More on ARK Autonomous Technology
Moving together with ARK Etf
| 0.62 | VGT | Vanguard Information Potential Growth | PairCorr |
| 0.85 | CIBR | First Trust NASDAQ | PairCorr |
| 0.63 | FTEC | Fidelity MSCI Information Potential Growth | PairCorr |
ARK Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ARK Autonomous' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ARK Autonomous or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | Showing 3 out of 5 themes |
| Business Concentration | Driverless Cars, Theme ETFs, Artificial Intelligence, Strategy ETFs, Disruptive Technologies, Technology, ARK ETF Trust (View all Sectors) |
| Issuer | ARK |
| Inception Date | 2014-09-30 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 793.83 Million |
| Average Trading Valume | 92,204.9 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | The Bank of NewYork Mellon Corporation |
| Advisor | ARK Investment Management LLC |
| Custodian | The Bank of NewYork Mellon Corporation |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Catherine Wood |
| Transfer Agent | The Bank of NewYork Mellon Corporation |
| Fiscal Year End | 31-Jul |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 37.0 |
| Market Maker | Jane Street |
| Total Expense | 0.75 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (13.59) |
| Name | ARK Autonomous Technology Robotics ETF |
| Currency Code | USD |
| In Threey Volatility | 29.03 |
| 1y Volatility | 29.98 |
| 200 Day M A | 53.806 |
| 50 Day M A | 53.7811 |
| Code | ARKQ |
| Updated At | 23rd of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.43) |
| Type | ETF |
ARK Autonomous Technology [ARKQ] is traded in USA and was established 2014-09-30. The fund is listed under Technology category and is part of ARK ETF Trust family. The entity is thematically classified as Driverless Cars. ARK Autonomous Technology presently have 941.17 M in assets under management (AUM). , while the total return for the last 3 years was -15.2%.
Check ARK Autonomous Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ARK Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ARK Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as ARK Autonomous Technology Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top ARK Autonomous Technology Etf Constituents
| SSYS | Stratasys | Stock | Information Technology |
| ADSK | Autodesk | Stock | Information Technology |
| ALGN | Align Technology | Stock | Health Care |
| PRLB | Proto Labs | Stock | Industrials |
| DE | Deere Company | Stock | Industrials |
| DDD | 3D Systems | Stock | Industrials |
| GOOG | Alphabet Inc Class C | Stock | Communication Services |
ARK Autonomous Target Price Odds Analysis
In regard to a normal probability distribution, the odds of ARK Autonomous jumping above the current price in 90 days from now is about 98.0%. The ARK Autonomous Technology probability density function shows the probability of ARK Autonomous etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.5722. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ARK Autonomous will likely underperform. Additionally, aRK Autonomous Technology has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of ARK Autonomous to move above the current price in 90 days from now is about 98.0 (This ARK Autonomous Technology probability density function shows the probability of ARK Etf to fall within a particular range of prices over 90 days) .
ARK Autonomous Technology Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ARK Autonomous market risk premium is the additional return an investor will receive from holding ARK Autonomous long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ARK Autonomous. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ARK Autonomous' alpha and beta are two of the key measurements used to evaluate ARK Autonomous' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.09 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.85 | |||
| Risk Adjusted Performance | (0.03) |
ARK Autonomous Technology Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. ARK Autonomous Technology Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe ARK Autonomous price patterns.
ARK Autonomous Against Markets
Picking the right benchmark for ARK Autonomous etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ARK Autonomous etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ARK Autonomous is critical whether you are bullish or bearish towards ARK Autonomous Technology at a given time. Please also check how ARK Autonomous' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in ARK Autonomous without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy ARK Etf?
Before investing in ARK Autonomous, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ARK Autonomous. To buy ARK Autonomous etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ARK Autonomous. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase ARK Autonomous etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ARK Autonomous Technology etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased ARK Autonomous Technology etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as ARK Autonomous Technology, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy ARK Etf please use our How to Invest in ARK Autonomous guide.
Already Invested in ARK Autonomous Technology?
The danger of trading ARK Autonomous Technology is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ARK Autonomous is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ARK Autonomous. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ARK Autonomous Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ARK Autonomous Technology is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ARK Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ark Autonomous Technology Etf. Highlighted below are key reports to facilitate an investment decision about Ark Autonomous Technology Etf: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ARK Autonomous Technology. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of ARK Autonomous Technology is measured differently than its book value, which is the value of ARK that is recorded on the company's balance sheet. Investors also form their own opinion of ARK Autonomous' value that differs from its market value or its book value, called intrinsic value, which is ARK Autonomous' 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 ARK Autonomous' market value can be influenced by many factors that don't directly affect ARK Autonomous' 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 ARK Autonomous' value and its price as these two are different measures arrived at by different means. Investors typically determine if ARK Autonomous is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ARK Autonomous' 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.