Ark Autonomous Technology Etf Technical Analysis
| ARKQ Etf | USD 50.22 0.14 0.28% |
As of the 18th of April 2024, ARK Autonomous shows the Coefficient Of Variation of (1,311), risk adjusted performance of (0.04), and Mean Deviation of 1.12. ARK Autonomous Technology technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect data for thirteen technical drivers for ARK Autonomous Technology, which can be compared to its peers. Please confirm ARK Autonomous Technology coefficient of variation and maximum drawdown to decide if ARK Autonomous Technology is priced favorably, providing market reflects its regular price of 50.22 per share.
ARK Autonomous Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ARK, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ARKARK |
ARK Autonomous 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.
ARK Autonomous Technology Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ARK Autonomous Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ARK Autonomous Technology Trend Analysis
Use this graph to draw trend lines for ARK Autonomous Technology. You can use it to identify possible trend reversals for ARK Autonomous 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 ARK Autonomous price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ARK Autonomous Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ARK Autonomous Technology applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that ARK Autonomous Technology market price will keep on failing further. It has 122 observation points and a regression sum of squares at 16.6, which is the sum of squared deviations for the predicted ARK Autonomous price change compared to its average price change.About ARK Autonomous 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 ARK Autonomous Technology 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 ARK Autonomous Technology based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ARK Autonomous Technology price pattern first instead of the macroeconomic environment surrounding ARK Autonomous Technology. By analyzing ARK Autonomous'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 ARK Autonomous'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 ARK Autonomous specific price patterns or momentum indicators. Please read more on our technical analysis page.
ARK Autonomous April 18, 2024 Technical Indicators
Most technical analysis of ARK 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 ARK from various momentum indicators to cycle indicators. When you analyze ARK 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 | (0.04) | |||
| Market Risk Adjusted Performance | (0.06) | |||
| Mean Deviation | 1.12 | |||
| Coefficient Of Variation | (1,311) | |||
| Standard Deviation | 1.37 | |||
| Variance | 1.89 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.07) | |||
| Maximum Drawdown | 6.39 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 1.89 | |||
| Skewness | 0.1597 | |||
| Kurtosis | 0.0636 |
ARK Autonomous Technology One Year Return
Based on the recorded statements, ARK Autonomous Technology has an One Year Return of 5.5%. This is 40.73% lower than that of the ARK ETF Trust family and 40.73% lower than that of the Technology 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 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.