ARK 21Shares Competition

Etfs . USA . 
Etf . ARK 21Shares Bitcoin
ARKB Etf   26.19  0.00  0.00%   
ARK 21Shares Bitcoin competes with Bitwise Bitcoin, SPDR SP, Vanguard Materials, IShares Medical, and JPMorgan Active; as well as few others. Analyzing ARK 21Shares competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of ARK 21Shares to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out ARK 21Shares Correlation with its peers.

ARK 21Shares vs IShares ESG Correlation

Good diversification

The correlation between ARK 21Shares Bitcoin and EAGG is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ARK 21Shares Bitcoin and EAGG in the same portfolio, assuming nothing else is changed.

Moving together with ARK Etf

  1.0GBTC Grayscale Bitcoin TrustPairCorr
  1.0BITO ProShares BitcoinPairCorr
  1.0BTC Grayscale Bitcoin MiniPairCorr
  0.99BTF Valkyrie Bitcoin StrategyPairCorr

Moving against ARK Etf

  0.52GDMN WisdomTree Efficient GoldPairCorr
  0.5NUGT Direxion Daily Gold Sell-off TrendPairCorr
  0.5SIL Global X SilverPairCorr
  0.49JNUG Direxion Daily JuniorPairCorr
  0.46GDXU MicroSectors Gold MinersPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
23.5226.2729.02
Details
Intrinsic
Valuation
LowRealHigh
23.0125.7628.51
Details
Naive
Forecast
LowNextHigh
21.5624.3127.06
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.6829.7132.75
Details

ARK 21Shares Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ARK 21Shares and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of ARK and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of ARK 21Shares Bitcoin does not affect the price movement of the other competitor.

High positive correlations

UBER
+ 0.74
MSFT
MRK
+ 0.7
F
JPM
+ 0.69
CRM
XOM
+ 0.68
MRK
XOM
+ 0.66
F
A
+ 0.52
UBER
  

High negative correlations

MRK
- 0.8
UBER
MRK
- 0.8
MSFT
XOM
- 0.72
MSFT
XOM
- 0.56
A
F
- 0.55
MSFT
XOM
- 0.53
UBER

ARK 21Shares Competition Risk-Adjusted Indicators

There is a big difference between ARK Etf performing well and ARK 21Shares 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 21Shares' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.61 (0.08) 0.00 (0.04) 0.00 
 0.00 
 3.43 
(2.72)
 11.42 
MSFT  1.23 (0.32) 0.00 (1.41) 0.00 
 0.00 
 1.85 
(2.70)
 13.28 
UBER  1.46 (0.30) 0.00 (0.36) 0.00 
 0.00 
 2.46 
(3.82)
 10.23 
F  1.24  0.05  0.04  0.08  1.23 
(1.46)
 3.38 
(2.35)
 7.16 
T  0.96  0.05  0.02  0.23  1.04 
(1.03)
 1.85 
(1.85)
 3.77 
A  1.19 (0.18) 0.00 (0.10) 0.00 
 0.00 
 2.90 
(2.58)
 7.85 
CRM  1.54 (0.30) 0.00 (0.25) 0.00 
 0.00 
 2.94 
(4.26)
 12.37 
JPM  1.09 (0.03)(0.01) 0.01  1.67 
(1.09)
 1.88 
(3.11)
 7.38 
MRK  1.28  0.33  0.24  0.50  1.13 
(1.56)
 3.59 
(1.98)
 8.09 
XOM  1.08  0.31  0.23  3.83  0.95 
(1.26)
 2.38 
(1.51)
 5.82 

ARK 21Shares Competitive Analysis

The better you understand ARK 21Shares competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ARK 21Shares' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across ARK 21Shares' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ARKB BITB SLYV VAW IHI JAVA BSCQ VMIAX IYF FSEC
 0.00 
 26.19 
ARK
 5.80 
 42.87 
Bitwise
 1.02 
 97.92 
SPDR
 0.85 
 226.98 
Vanguard
 0.73 
 59.64 
IShares
 0.83 
 75.59 
JPMorgan
 0.10 
 19.57 
Invesco
 2.35 
 114.73 
Vanguard
 0.69 
 128.58 
IShares
 0.23 
 44.11 
Fidelity
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weakest
Weakest
Good
Solid
Weakest
Good
Strong
Solid
Mild
Fair
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Small
Low
Low
Moderate
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Under Valued
Fairly Valued
Under Valued
Over Valued
Under Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Buy
Strong Buy
Strong Hold
Strong Buy
Strong Sell
Strong Buy
Strong Hold
Cautious Hold
Net Asset
N/A
N/A
3.52 B
3.38 B
5.79 B
105.22 M
1.19 B
3.15 B
1.81 B
3.07 M
Price To Book
N/A
N/A
1.66
3.46
3.03
2.01
N/A
3.22
1.51
N/A
Five Year Return
N/A
N/A
8.2
9.2
1.8
N/A
1.1
10.42
15.1
N/A
One Year Return
-17.6
-17.6
10.9
18.1
-5.3
15.0
4.9
18.81
10.0
8.3
Last Dividend Paid
N/A
N/A
0.27
0.8
0.19
N/A
0.0405
N/A
0.48
N/A
Price To Earning
N/A
N/A
25.11
20.15
24.14
-3.08
N/A
18.34
3.66
N/A
Beta
N/A
N/A
1.28
1.2
1.14
0.86
0.35
N/A
1.05
1.12
Price To Sales
N/A
N/A
0.68
1.42
3.38
0.6
N/A
1.32
2.7
N/A
Equity Positions Weight
N/A
N/A
99.71
99.22
99.78
95.18
N/A
99.22
99.66
N/A
Cash Position Weight
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.78
N/A
N/A
Three Year Return
N/A
N/A
8.9
9.9
3.5
13.3
4.7
9.65
18.7
4.2
Annual Yield
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.0155
N/A
N/A
Bond Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
13.39
N/A
N/A
11.53
Year To Date Return
N/A
N/A
N/A
N/A
N/A
N/A
N/A
11.14
N/A
N/A
Ten Year Return
N/A
N/A
11.3
12.7
12.4
N/A
N/A
8.37
14.2
N/A
Day Typical Price
26.82
43.89
97.31
225.94
59.71
75.18
19.56
114.73
127.94
44.17
Accumulation Distribution
0.067
0.0668
0.0188
0.0201
0.0126
0.0164
0.001
N/A
0.0149
0.0041
Market Facilitation Index
1.88
3.07
1.84
4.58
0.76
1.24
0.02
N/A
1.91
0.18
Daily Balance Of Power
N/A
(0.86)
0.538
0.417
(0.58)
0.5
1.0
0
0.4607
(0.56)
Period Momentum Indicator
N/A
(2.64)
0.99
1.91
(0.44)
0.62
0.02
(2.76)
0.88
(0.10)
Rate Of Daily Change
1.0
0.94
1.01
1.01
0.99
1.01
1.0
0.98
1.01
1.0
Day Median Price
27.13
44.41
97.0
225.42
59.75
74.97
19.56
114.73
127.63
44.2
Price Action Indicator
(0.94)
(2.86)
1.41
2.51
(0.33)
0.93
0.02
(1.38)
1.4
(0.14)
Relative Strength Index
35.58
35.61
60.3
64.88
41.35
63.47
81.55
63.54
52.5
54.4
Coefficient Of Variation
(641.00)
(640.19)
985.9
608.31
(1,787)
660.96
271.25
605.42
1545.95
3291.64
Mean Deviation
2.22
2.23
0.8757
0.8271
0.7228
0.5819
0.0332
0.8304
0.6433
0.1509
Jensen Alpha
(0.49)
(0.49)
0.064
0.1251
(0.08)
0.069
N/A
0.1263
0.0114
(0.01)
Total Risk Alpha
(0.59)
(0.59)
0.0521
0.1121
(0.11)
0.0652
0.0035
0.1135
0.0038
(0.01)
Sortino Ratio
N/A
N/A
0.0728
0.1287
N/A
0.0967
(0.44)
0.1324
0.0111
(0.16)
Downside Variance
N/A
N/A
1.02
0.9895
N/A
0.4596
0.0044
0.9571
0.7775
0.0595
Standard Deviation
2.82
2.82
1.17
1.05
0.9207
0.7304
0.0423
1.06
0.8456
0.2107
Kurtosis
(0.26)
(0.27)
0.4288
(0.31)
0.5812
(0.22)
0.5288
(0.33)
0.7194
7.51
Potential Upside
3.99
4.07
2.27
1.96
1.42
1.51
0.1028
1.98
1.27
0.3175
Treynor Ratio
(0.39)
(0.39)
0.0849
0.1502
(0.1)
0.1114
N/A
0.1505
0.047
(0.04)
Maximum Drawdown
12.83
12.82
5.07
4.0
4.45
3.06
0.2063
3.97
4.64
1.2
Variance
7.96
7.96
1.37
1.11
0.8477
0.5335
0.0018
1.12
0.7151
0.0444
Market Risk Adjusted Performance
(0.38)
(0.38)
0.0949
0.1602
(0.09)
0.1214
N/A
0.1605
0.057
(0.03)
Risk Adjusted Performance
(0.11)
(0.11)
0.0772
0.122
(0.04)
0.1095
0.1056
0.1226
0.0482
(0)
Skewness
0.1667
0.1388
0.3873
0.0236
0.6202
0.1087
0.2345
0.0254
(0.31)
(1.50)
Semi Deviation
N/A
N/A
0.8745
0.7522
N/A
0.5045
0.0
0.7404
0.8343
0.2171
Information Ratio
(0.17)
(0.17)
0.063
0.1217
(0.10)
0.0898
(0.69)
0.1226
0.0115
(0.18)
Value At Risk
(5.48)
(5.54)
(1.81)
(1.61)
(1.28)
(1.14)
(0.05)
(1.63)
(1.46)
(0.25)
Expected Short fall
N/A
N/A
(1.08)
(0.91)
N/A
(0.63)
(0.07)
(0.92)
(0.68)
(0.15)
Downside Deviation
N/A
N/A
1.01
0.9947
N/A
0.6779
0.0664
0.9783
0.8818
0.2439
Semi Variance
N/A
N/A
0.7648
0.5659
N/A
0.2545
(0.02)
0.5483
0.696
0.0471

ARK 21Shares Competition Performance Charts

Five steps to successful analysis of ARK 21Shares Competition

ARK 21Shares' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by ARK 21Shares Bitcoin in relation to its competition. ARK 21Shares' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of ARK 21Shares in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact ARK 21Shares' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ARK 21Shares Bitcoin, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your ARK 21Shares position

In addition to having ARK 21Shares in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Money Funds Thematic Idea Now

Money Funds
Money Funds Theme
Funds or Etfs that invest most if their asset in companies from financial sector such as commercial banks, insurance companies, investment funds, and real estate. The Money Funds theme has 36 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Money Funds Theme or any other thematic opportunities.
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When determining whether ARK 21Shares Bitcoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ARK 21Shares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ark 21shares Bitcoin Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ark 21shares Bitcoin Etf:
How To Invest In ARK
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Largest Cryptocurrency ETFs Companies
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Check out ARK 21Shares Correlation with its peers.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Investors evaluate ARK 21Shares Bitcoin using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating ARK 21Shares' intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause ARK 21Shares' market price to deviate significantly from intrinsic value.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Understanding that ARK 21Shares' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether ARK 21Shares represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, ARK 21Shares' market price signifies the transaction level at which participants voluntarily complete trades.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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