ARK Venture Correlations

ARKVX Stock

29.99 1.37 4.79%

The current 90-days correlation between ARK Venture Fund and Copa Holdings SA is 0.17 (i.e., Average diversification). The correlation of ARK Venture is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

ARK Venture Correlation With Market

Average diversification

The correlation between ARK Venture Fund and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ARK Venture Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ARK Venture Fund. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with ARK Stock

0.69	AAPL	Apple Inc Aggressive Push	Pair Corr
0.72	NVDA	NVIDIA	Pair Corr
0.84	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.82	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.83	BMYMP	Bristol Myers Squibb	Pair Corr
0.68	META	Meta Platforms Aggressive Push	Pair Corr
0.86	FSTF	First State Financial	Pair Corr
0.89	CSCO	Cisco Systems	Pair Corr
0.88	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.91	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.66	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.89	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.76	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.89	DIS	Walt Disney	Pair Corr
0.67	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.87	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against ARK Stock

0.89

PFE

Pfizer Inc Fiscal Year End 4th of February 2025

Pair Corr

Related Correlations Analysis

	CPA	UAL	DAL	SKYW	ALGT
CPA		0.33	0.42	0.37	0.32	CPA
UAL	0.33		0.98	0.97	0.97	UAL
DAL	0.42	0.98		0.98	0.96	DAL
SKYW	0.37	0.97	0.98		0.96	SKYW
ALGT	0.32	0.97	0.96	0.96		ALGT
	CPA	UAL	DAL	SKYW	ALGT

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Risk-Adjusted Indicators

There is a big difference between ARK Stock performing well and ARK Venture Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ARK Venture's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CPA	1.43	0.10	0.01	0.36	2.43	(1.42)	3.72	(2.32)	17.31
UAL	1.92	0.88	0.56	0.55	0.90	(2.40)	6.47	(2.45)	16.69
DAL	1.71	0.41	0.29	0.36	1.20	(2.09)	4.11	(2.57)	10.43
SKYW	1.41	0.37	0.32	0.30	1.06	(1.74)	3.80	(1.96)	11.12
ALGT	2.66	1.00	0.40	0.64	2.00	(3.26)	6.22	(3.89)	16.10

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