Fallen Fund Should Investors Buy the ARK Innovation ETF Now?
| ARKK Etf | USD 56.73 0.83 1.44% |
About 62% of ARK Innovation's investor base is looking to short. The current sentiment regarding investing in ARK Innovation ETF etf implies that many traders are alarmed. ARK Innovation's investing sentiment shows overall attitude of investors towards ARK Innovation ETF.
First things first if youre going to hold the ARK Innovation ETF, youd better be a fan of the blockchain and cryptocurrency.
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ARK Innovation Fundamental Analysis
We analyze ARK Innovation'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 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.
One Year Return
One Year Return Comparative Analysis
ARK Innovation is currently under evaluation in one year return as compared to similar ETFs. One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
ARK Innovation ETF Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ARK Innovation etf to make a market-neutral strategy. Peer analysis of ARK Innovation could also be used in its relative valuation, which is a method of valuing ARK Innovation by comparing valuation metrics with similar companies.
Peers
ARK Innovation Related Equities
| MCHI | IShares MSCI | 1.65 | ||||
| DIVG | Invesco Exchange | 1.25 | ||||
| DISO | Tidal Trust | 1.06 | ||||
| DIEM | Franklin Templeton | 0.53 | ||||
| DIVD | Altrius Global | 0.52 | ||||
| MBOX | Freedom Day | 0.54 | ||||
| DIVB | IShares Dividend | 0.56 |
Check out ARK Innovation Hype Analysis, ARK Innovation Correlation and ARK Innovation Performance. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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.