ARK Next Competition
| ARKW Etf | USD 136.91 4.72 3.33% |
ARK Next vs Fidelity Enhanced Correlation
Very good diversification
The correlation between ARK Next Generation and FESM is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ARK Next Generation and FESM in the same portfolio, assuming nothing else is changed.
Moving together with ARK Etf
ARK Next Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ARK Next 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 Next Generation does not affect the price movement of the other competitor.
ARK Next Constituents Risk-Adjusted Indicators
There is a big difference between ARK Etf performing well and ARK Next 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 Next'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| COWG | 0.80 | (0.07) | 0.00 | (0.31) | 0.00 | 1.76 | 4.50 | |||
| QLTY | 0.60 | 0.08 | 0.06 | 2.00 | 0.64 | 1.44 | 3.43 | |||
| ARKQ | 1.60 | 0.00 | (0.01) | 0.05 | 2.26 | 3.30 | 8.42 | |||
| KOMP | 1.20 | (0.02) | 0.00 | (0.22) | 0.00 | 2.02 | 5.42 | |||
| USCL | 0.56 | (0.02) | 0.00 | (0.17) | 0.00 | 1.04 | 3.84 | |||
| AOA | 0.44 | 0.06 | 0.04 | 1.16 | 0.52 | 0.95 | 2.70 | |||
| PRFZ | 0.85 | 0.09 | 0.05 | (3.42) | 0.95 | 1.80 | 4.59 | |||
| FHLC | 0.67 | 0.10 | 0.10 | 1.96 | 0.53 | 2.02 | 3.74 | |||
| IYY | 0.55 | 0.01 | (0.02) | 0.20 | 0.77 | 1.06 | 3.52 | |||
| FESM | 0.86 | 0.11 | 0.06 | (5.63) | 1.00 | 1.90 | 4.56 |
ARK Next Competitive Analysis
The better you understand ARK Next competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ARK Next's 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 Next's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
ARK Next Competition Performance Charts
Five steps to successful analysis of ARK Next Competition
ARK Next's 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 Next Generation in relation to its competition. ARK Next's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of ARK Next 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 Next's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ARK Next Generation, 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.
Complement your ARK Next position
In addition to having ARK Next 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?
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Entertainment
Companies from entertainment industry including show business, news and media. The Entertainment theme has 40 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 Entertainment Theme or any other thematic opportunities.
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Check out ARK Next Correlation with its peers. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Investors evaluate ARK Next Generation using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating ARK Next's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Investment professionals apply varied valuation frameworks to compute inherent worth and acquire positions when market prices trade at discounts to calculated value. External factors like market trends, sector rotation, and investor psychology can cause ARK Next's market price to deviate significantly from intrinsic value.
Understanding that ARK Next's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether ARK Next represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, ARK Next's market price signifies the transaction level at which participants voluntarily complete trades.