ARK Innovation Related Correlations
| ARKK Etf | USD 42.60 0.60 1.43% |
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.
Correlations
| 0.95 | 0.86 | 0.99 | 0.92 | VFQY | ||
| 0.95 | 0.94 | 0.96 | 0.87 | VFMF | ||
| 0.86 | 0.94 | 0.88 | 0.84 | VFVA | ||
| 0.99 | 0.96 | 0.88 | 0.89 | VFMV | ||
| 0.92 | 0.87 | 0.84 | 0.89 | VIOG | ||
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ARK Innovation Constituents Risk-Adjusted Indicators
There is a big difference between ARK Etf performing well and ARK Innovation ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ARK Innovation's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VFQY | 0.64 | (0.03) | (0.02) | 0.05 | 0.81 | 1.20 | 3.46 | |||
| VFMF | 0.67 | 0.01 | 0.02 | 0.08 | 0.76 | 1.29 | 3.63 | |||
| VFVA | 0.68 | (0.03) | (0.01) | 0.05 | 0.98 | 1.54 | 4.53 | |||
| VFMV | 0.42 | (0.02) | (0.05) | 0.06 | 0.48 | 0.86 | 2.17 | |||
| VIOG | 0.88 | (0.09) | (0.04) | 0.02 | 1.20 | 1.71 | 5.06 |