LS ARK (UK) Market Value
| ARKA Etf | 236.56 5.26 2.27% |
| Symbol | ARKA |
LS 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 LS ARK's etf 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 LS ARK.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in LS ARK on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding LS ARK Innovation or generate 0.0% return on investment in LS ARK over 690 days. LS ARK is related to or competes with IShares MSCI, Amundi EUR, IShares JP, Xtrackers MSCI, and Lyxor Smart. LS ARK is entity of United Kingdom. It is traded as Etf on LSE exchange. More
LS 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 LS ARK's etf 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 LS ARK Innovation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.1555 | |||
| Maximum Drawdown | 11.95 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 3.41 |
LS ARK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LS ARK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LS ARK's standard deviation. In reality, there are many statistical measures that can use LS ARK historical prices to predict the future LS ARK's volatility.| Risk Adjusted Performance | 0.1724 | |||
| Jensen Alpha | 0.4226 | |||
| Total Risk Alpha | 0.1021 | |||
| Sortino Ratio | 0.1663 | |||
| Treynor Ratio | 1.13 |
LS ARK Innovation Backtested Returns
LS ARK appears to be very steady, given 3 months investment horizon. LS ARK Innovation retains Efficiency (Sharpe Ratio) of 0.22, which conveys that the entity had a 0.22% return per unit of price deviation over the last 3 months. By analyzing LS ARK's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise LS ARK's Mean Deviation of 1.63, market risk adjusted performance of 1.14, and Standard Deviation of 2.24 to check out if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LS ARK's returns are expected to increase less than the market. However, during the bear market, the loss of holding LS ARK is expected to be smaller as well.
Auto-correlation | 0.17 |
Very weak predictability
LS ARK Innovation has very weak predictability. Overlapping area represents the amount of predictability between LS ARK time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 to 2nd of December 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 LS ARK Innovation price movement. The serial correlation of 0.17 indicates that over 17.0% of current LS ARK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 242.68 |
LS ARK Innovation lagged returns against current returns
Autocorrelation, which is LS ARK etf'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 LS ARK's etf expected returns. We can calculate the autocorrelation of LS ARK returns to help us make a trade decision. For example, suppose you find that LS ARK has exhibited high autocorrelation historically, and you observe that the etf 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 |
LS 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 LS ARK etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LS ARK etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LS ARK etf over time.
Current vs Lagged Prices |
| Timeline |
LS ARK Lagged Returns
When evaluating LS ARK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LS ARK etf have on its future price. LS 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, LS ARK autocorrelation shows the relationship between LS ARK etf current value and its past values and can show if there is a momentum factor associated with investing in LS ARK Innovation.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in ARKA Etf
LS ARK financial ratios help investors to determine whether ARKA Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ARKA with respect to the benefits of owning LS ARK security.