ARK Market Value
| ARK Crypto | USD 0.79 0.02 2.47% |
| Symbol | ARK |
ARK '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's crypto coin 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.
| 03/21/2023 |
| 05/14/2024 |
If you would invest 0.00 in ARK on March 21, 2023 and sell it all today you would earn a total of 0.00 from holding ARK or generate 0.0% return on investment in ARK over 420 days. ARK is related to or competes with Staked Ether, XCAD Network, Phala Network, Synapse, Bluzelle, Highstreet, and Tokocrypto. ARK is peer-to-peer digital currency powered by the Blockchain technology.
ARK 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's crypto coin 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 26.41 | |||
| Value At Risk | (12.26) | |||
| Potential Upside | 9.46 |
ARK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ARK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ARK's standard deviation. In reality, there are many statistical measures that can use ARK historical prices to predict the future ARK's volatility.| Risk Adjusted Performance | 0.0073 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ARK'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 Backtested Returns
ARK secures Sharpe Ratio (or Efficiency) of -0.0026, which signifies that digital coin had a -0.0026% return per unit of return volatility over the last 3 months. ARK exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ARK's Risk Adjusted Performance of 0.0073, mean deviation of 4.33, and Coefficient Of Variation of (39,047) to double-check the risk estimate we provide. The crypto shows a Beta (market volatility) of 1.26, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ARK will likely underperform.
Auto-correlation | -0.15 |
Insignificant reverse predictability
ARK has insignificant reverse predictability. Overlapping area represents the amount of predictability between ARK time series from 21st of March 2023 to 17th of October 2023 and 17th of October 2023 to 14th of May 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 price movement. The serial correlation of -0.15 indicates that less than 15.0% of current ARK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
ARK lagged returns against current returns
Autocorrelation, which is ARK crypto coin'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's crypto coin expected returns. We can calculate the autocorrelation of ARK returns to help us make a trade decision. For example, suppose you find that ARK has exhibited high autocorrelation historically, and you observe that the crypto coin 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 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 crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ARK crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ARK crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ARK Lagged Returns
When evaluating ARK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ARK crypto coin have on its future price. ARK 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 autocorrelation shows the relationship between ARK crypto coin current value and its past values and can show if there is a momentum factor associated with investing in ARK.
Regressed Prices |
| Timeline |
Pair Trading with ARK
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving together with ARK Crypto Coin
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| 0.88 | LUNA | Terra | PairCorr |
| 0.77 | ELF | aelf | PairCorr |
The ability to find closely correlated positions to ARK 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 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 - 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 to buy it.
The correlation of ARK 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ARK 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 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 Correlation, ARK Volatility and Investing Opportunities module to complement your research on ARK. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
ARK technical crypto coin 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, crypto market cycles, or different charting patterns.