Ark Autonomous Technology Etf Performance
| ARKQ Etf | USD 73.16 1.47 2.05% |
The etf shows a Beta (market volatility) of 1.68, 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 Autonomous will likely underperform.
Risk-Adjusted Performance
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in ARK Autonomous Technology are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. Even with relatively inconsistent forward-looking signals, ARK Autonomous reported solid returns over the last few months and may actually be approaching a breakup point. ...more
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| In Threey Sharp Ratio | -0.37 |
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ARK Autonomous Relative Risk vs. Return Landscape
If you would invest 5,557 in ARK Autonomous Technology on August 27, 2024 and sell it today you would earn a total of 1,759 from holding ARK Autonomous Technology or generate 31.65% return on investment over 90 days. ARK Autonomous Technology is currently generating 0.4444% in daily expected returns and assumes 1.6727% risk (volatility on return distribution) over the 90 days horizon. In different words, 14% of etfs are less volatile than ARK, and 92% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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ARK Autonomous Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ARK Autonomous' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ARK Autonomous Technology, and traders can use it to determine the average amount a ARK Autonomous' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2657
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Estimated Market Risk
| 1.67 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 20 80% of assets perform better |
Based on monthly moving average ARK Autonomous is performing at about 20% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ARK Autonomous by adding it to a well-diversified portfolio.
ARK Autonomous Fundamentals Growth
ARK Etf prices reflect investors' perceptions of the future prospects and financial health of ARK Autonomous, and ARK Autonomous fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ARK Etf performance.
| Price To Earning | 28.43 X | |||
| Price To Book | 2.73 X | |||
| Price To Sales | 2.44 X | |||
| Total Asset | 941.17 M | |||
About ARK Autonomous Performance
Assessing ARK Autonomous' fundamental ratios provides investors with valuable insights into ARK Autonomous' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the ARK Autonomous is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund is an actively-managed exchange-traded fund that will invest under normal circumstances primarily in domestic and foreign equity securities of autonomous technology and robotics companies that are relevant to the funds investment theme of disruptive innovation. Ark Autonomous is traded on BATS Exchange in the United States.| Latest headline from benzinga.com: Blade Air Mobility Delivers Q3 Earnings Beat And Strong Margins As Restructuring Takes Flight | |
| The fund created three year return of -4.0% | |
| ARK Autonomous Technology holds 99.85% of its assets under management (AUM) in equities |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ARK Autonomous Technology. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of ARK Autonomous Technology 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 Autonomous' value that differs from its market value or its book value, called intrinsic value, which is ARK Autonomous' 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 Autonomous' market value can be influenced by many factors that don't directly affect ARK Autonomous' 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 Autonomous' value and its price as these two are different measures arrived at by different means. Investors typically determine if ARK Autonomous is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ARK Autonomous' 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.