Ark Innovation Etf Filter Stocks by Fundamentals
| ARKK Etf | USD 42.91 0.11 0.26% |
ARK Innovation ETF fundamentals help investors to digest information that contributes to ARK Innovation's financial success or failures. It also enables traders to predict the movement of ARK Etf. The fundamental analysis module provides a way to measure ARK Innovation's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ARK Innovation etf.
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Fund Asset Allocation for ARK Innovation
The fund invests 99.62% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides ARK Innovation's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
ARK Fundamentals
| Price To Earning | 58.81 X | |||
| Price To Book | 2.45 X | |||
| Price To Sales | 3.83 X | |||
| Number Of Employees | 330 | |||
| Beta | 1.85 | |||
| Total Asset | 7.67 B | |||
| One Year Return | 10.30 % | |||
| Three Year Return | (29.60) % | |||
| Five Year Return | (1.10) % | |||
| Net Asset | 7.67 B | |||
| Last Dividend Paid | 0.19 | |||
| Equity Positions Weight | 99.62 % |
About ARK Innovation Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ARK Innovation ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ARK Innovation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ARK Innovation ETF based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
ARK Innovation Implied Volatility | 54.37 |
ARK Innovation's implied volatility exposes the market's sentiment of ARK Innovation ETF stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ARK Innovation's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ARK Innovation stock will not fluctuate a lot when ARK Innovation's options are near their expiration.
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 Innovation 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 Innovation's short interest history, or implied volatility extrapolated from ARK Innovation options trading.
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 ARK Innovation Piotroski F Score and ARK Innovation Altman Z Score analysis. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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.