ARK Innovation Financial Statements From 2010 to 2024
| ARKK Etf | USD 42.91 0.11 0.26% |
Check ARK Innovation financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ARK main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . ARK financial statements analysis is a perfect complement when working with ARK Innovation Valuation or Volatility modules.
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ARK Innovation ETF ETF Price To Earning Analysis
ARK Innovation's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current ARK Innovation Price To Earning | 58.81 X |
Most of ARK Innovation's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ARK Innovation ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, ARK Innovation ETF has a Price To Earning of 58 times. This is much higher than that of the ARK ETF Trust family and significantly higher than that of the Mid-Cap Growth category. The price to earning for all United States etfs is notably lower than that of the firm.
ARK Innovation ETF Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ARK Innovation's current stock value. Our valuation model uses many indicators to compare ARK Innovation value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ARK Innovation competition to find correlations between indicators driving ARK Innovation's intrinsic value. More Info.ARK Innovation ETF is the top ETF in price to earning as compared to similar ETFs. It is second largest ETF in price to book as compared to similar ETFs fabricating about 0.04 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for ARK Innovation ETF is roughly 24.00 . Comparative valuation analysis is a catch-all model that can be used if you cannot value ARK Innovation by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ARK Innovation's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ARK Innovation's earnings, one of the primary drivers of an investment's value.About ARK Innovation Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include ARK Innovation income statement, its balance sheet, and the statement of cash flows. ARK Innovation investors use historical funamental indicators, such as ARK Innovation's revenue or net income, to determine how well the company is positioned to perform in the future. Although ARK Innovation investors may use each financial statement separately, they are all related. The changes in ARK Innovation's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ARK Innovation's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on ARK Innovation Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ARK Innovation. Please read more on our technical analysis and fundamental analysis pages.
The fund is an actively-managed exchange-traded fund that will invest under normal circumstances primarily in domestic and foreign equity securities of companies that are relevant to the funds investment theme of disruptive innovation. Ark Innovation is traded on NYSEARCA Exchange in the United States.
Pair Trading with ARK Innovation
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ARK Innovation position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ARK Innovation will appreciate offsetting losses from the drop in the long position's value.Moving together with ARK Etf
| 0.64 | IWP | iShares Russell Mid | PairCorr |
| 0.72 | KOMP | SPDR Kensho New | PairCorr |
The ability to find closely correlated positions to ARK Innovation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ARK Innovation when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ARK Innovation - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ARK Innovation ETF to buy it.
The correlation of ARK Innovation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ARK Innovation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ARK Innovation ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ARK Innovation can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of ARK Innovation Correlation against competitors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of ARK Innovation ETF 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 Innovation's value that differs from its market value or its book value, called intrinsic value, which is ARK Innovation'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 ARK Innovation's market value can be influenced by many factors that don't directly affect ARK Innovation'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 ARK Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if ARK Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ARK Innovation'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.