Ark Next Generation Etf Market Value
| ARKW Etf | USD 106.43 0.57 0.54% |
| Symbol | ARK |
The market value of ARK Next Generation 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 Next's value that differs from its market value or its book value, called intrinsic value, which is ARK Next'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 Next's market value can be influenced by many factors that don't directly affect ARK Next'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 Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if ARK Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ARK Next'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 Next '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 Next'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 Next.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in ARK Next on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding ARK Next Generation or generate 0.0% return on investment in ARK Next over 30 days. ARK Next is related to or competes with ARK Autonomous, ARK Genomic, ARK Fintech, ARK Innovation, and ARK Space. The fund is an actively-managed exchange-traded fund that will invest under normal circumstances primarily in domestic a... More
ARK Next 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 Next'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 Next Generation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.1679 | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 3.38 |
ARK Next Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ARK Next's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ARK Next's standard deviation. In reality, there are many statistical measures that can use ARK Next historical prices to predict the future ARK Next's volatility.| Risk Adjusted Performance | 0.1762 | |||
| Jensen Alpha | 0.246 | |||
| Total Risk Alpha | 0.1739 | |||
| Sortino Ratio | 0.1978 | |||
| Treynor Ratio | 0.2304 |
ARK Next Generation Backtested Returns
ARK Next appears to be very steady, given 3 months investment horizon. ARK Next Generation secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the etf had a 0.24% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ARK Next Generation, which you can use to evaluate the volatility of the entity. Please makes use of ARK Next's Mean Deviation of 1.41, semi deviation of 1.32, and Risk Adjusted Performance of 0.1762 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.88, 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 Next will likely underperform.
Auto-correlation | 0.52 |
Modest predictability
ARK Next Generation has modest predictability. Overlapping area represents the amount of predictability between ARK Next time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 ARK Next Generation price movement. The serial correlation of 0.52 indicates that about 52.0% of current ARK Next price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 8.11 |
ARK Next Generation lagged returns against current returns
Autocorrelation, which is ARK Next 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 Next's etf expected returns. We can calculate the autocorrelation of ARK Next returns to help us make a trade decision. For example, suppose you find that ARK Next 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 Next 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 Next etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ARK Next etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ARK Next etf over time.
Current vs Lagged Prices |
| Timeline |
ARK Next Lagged Returns
When evaluating ARK Next's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ARK Next etf have on its future price. ARK Next 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 Next autocorrelation shows the relationship between ARK Next etf current value and its past values and can show if there is a momentum factor associated with investing in ARK Next Generation.
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.When determining whether ARK Next Generation is a strong investment it is important to analyze ARK Next's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ARK Next's future performance. For an informed investment choice regarding ARK Etf, refer to the following important reports:Check out ARK Next Correlation, ARK Next Volatility and ARK Next Alpha and Beta module to complement your research on ARK Next. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
ARK Next 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.