Ark Fintech Innovation Etf Market Value
| ARKF Etf | USD 42.32 0.84 2.03% |
| Symbol | ARK |
The market value of ARK Fintech Innovation 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 Fintech's value that differs from its market value or its book value, called intrinsic value, which is ARK Fintech'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 Fintech's market value can be influenced by many factors that don't directly affect ARK Fintech'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 Fintech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ARK Fintech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ARK Fintech'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.
ARK Fintech '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 Fintech'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 ARK Fintech.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in ARK Fintech on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding ARK Fintech Innovation or generate 0.0% return on investment in ARK Fintech over 720 days. ARK Fintech is related to or competes with ARK Autonomous, ARK Next, ARK Genomic, ARK Innovation, and ARK Space. The fund is an actively-managed ETF that will invest under normal circumstances primarily in domestic and foreign equity... More
ARK Fintech 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 Fintech'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 ARK Fintech Innovation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.2042 | |||
| Maximum Drawdown | 13.11 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 3.31 |
ARK Fintech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ARK Fintech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ARK Fintech's standard deviation. In reality, there are many statistical measures that can use ARK Fintech historical prices to predict the future ARK Fintech's volatility.| Risk Adjusted Performance | 0.2148 | |||
| Jensen Alpha | 0.406 | |||
| Total Risk Alpha | 0.3015 | |||
| Sortino Ratio | 0.2127 | |||
| Treynor Ratio | 0.3675 |
ARK Fintech Innovation Backtested Returns
ARK Fintech appears to be very steady, given 3 months investment horizon. ARK Fintech Innovation secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the etf had a 0.25 % return per unit of return volatility over the last 3 months. By reviewing ARK Fintech's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of ARK Fintech's Semi Deviation of 1.71, mean deviation of 1.63, and Risk Adjusted Performance of 0.2148 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.46, 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 Fintech will likely underperform.
Auto-correlation | 0.77 |
Good predictability
ARK Fintech Innovation has good predictability. Overlapping area represents the amount of predictability between ARK Fintech time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. 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 Fintech Innovation price movement. The serial correlation of 0.77 indicates that around 77.0% of current ARK Fintech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 21.57 |
ARK Fintech Innovation lagged returns against current returns
Autocorrelation, which is ARK Fintech 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 ARK Fintech's etf expected returns. We can calculate the autocorrelation of ARK Fintech returns to help us make a trade decision. For example, suppose you find that ARK Fintech 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 |
ARK Fintech 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 Fintech etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ARK Fintech etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ARK Fintech etf over time.
Current vs Lagged Prices |
| Timeline |
ARK Fintech Lagged Returns
When evaluating ARK Fintech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ARK Fintech etf have on its future price. ARK Fintech 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 Fintech autocorrelation shows the relationship between ARK Fintech etf current value and its past values and can show if there is a momentum factor associated with investing in ARK Fintech Innovation.
Regressed Prices |
| Timeline |
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Check out ARK Fintech Correlation, ARK Fintech Volatility and ARK Fintech Alpha and Beta module to complement your research on ARK Fintech. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
ARK Fintech technical etf 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, etf market cycles, or different charting patterns.