Ark Next Generation Etf Market Value
| ARKW Etf | USD 74.40 0.01 0.01% |
| Symbol | ARK |
The market value of ARK Next Generation 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 Next's value that differs from its market value or its book value, called intrinsic value, which is ARK Next'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 Next's market value can be influenced by many factors that don't directly affect ARK Next'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 Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if ARK Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ARK Next'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.
ARK Next '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 ARK Next'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 ARK Next.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in ARK Next on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding ARK Next Generation or generate 0.0% return on investment in ARK Next over 30 days. ARK Next is related to or competes with ARK Genomic, ARK Innovation, and ARK Space. The fund is an actively-managed exchange-traded fund that will invest under normal circumstances primarily in domestic a... More
ARK Next 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 ARK Next'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 ARK Next Generation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.0346 | |||
| Maximum Drawdown | 8.95 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 2.96 |
ARK Next Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ARK Next's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ARK Next's standard deviation. In reality, there are many statistical measures that can use ARK Next historical prices to predict the future ARK Next's volatility.| Risk Adjusted Performance | 0.0495 | |||
| Jensen Alpha | 0.0933 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0326 | |||
| Treynor Ratio | 0.2174 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ARK Next'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.
ARK Next Generation Backtested Returns
We consider ARK Next very steady. ARK Next Generation secures Sharpe Ratio (or Efficiency) of 0.0455, which signifies that the etf had a 0.0455% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ARK Next Generation, which you can use to evaluate the volatility of the entity. Please confirm ARK Next's Risk Adjusted Performance of 0.0495, mean deviation of 1.59, and Semi Deviation of 1.98 to double-check if the risk estimate we provide is consistent with the expected return of 0.0915%. The etf shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ARK Next's returns are expected to increase less than the market. However, during the bear market, the loss of holding ARK Next is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
ARK Next Generation has good predictability. Overlapping area represents the amount of predictability between ARK Next time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ARK Next Generation price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current ARK Next price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 8.88 |
ARK Next Generation lagged returns against current returns
Autocorrelation, which is ARK Next 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 ARK Next's etf expected returns. We can calculate the autocorrelation of ARK Next returns to help us make a trade decision. For example, suppose you find that ARK Next 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 |
ARK Next 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 ARK Next etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ARK Next etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ARK Next etf over time.
Current vs Lagged Prices |
| Timeline |
ARK Next Lagged Returns
When evaluating ARK Next's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ARK Next etf have on its future price. ARK Next 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, ARK Next autocorrelation shows the relationship between ARK Next etf current value and its past values and can show if there is a momentum factor associated with investing in ARK Next Generation.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ARK Next in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ARK Next's short interest history, or implied volatility extrapolated from ARK Next options trading.
Pair Trading with ARK Next
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 Next 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 Next will appreciate offsetting losses from the drop in the long position's value.Moving together with ARK Etf
| 0.86 | VGT | Vanguard Information | PairCorr |
| 0.84 | XLK | Technology Select Sector | PairCorr |
| 0.88 | IYW | iShares Technology ETF | PairCorr |
| 0.92 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.91 | SOXX | iShares Semiconductor ETF | PairCorr |
The ability to find closely correlated positions to ARK Next 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 Next 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 Next - 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 Next Generation to buy it.
The correlation of ARK Next 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 Next moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ARK Next Generation 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 Next 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 ARK Next Correlation, ARK Next Volatility and ARK Next Alpha and Beta module to complement your research on ARK Next. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
ARK Next 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.