Ark 21shares Active Etf Market Value
| ARKC Etf | 43.33 0.24 0.56% |
| Symbol | ARK |
The market value of ARK 21Shares Active 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 21Shares' value that differs from its market value or its book value, called intrinsic value, which is ARK 21Shares' 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 21Shares' market value can be influenced by many factors that don't directly affect ARK 21Shares' 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 21Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if ARK 21Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ARK 21Shares' 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 21Shares '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 21Shares' 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 21Shares.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ARK 21Shares on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding ARK 21Shares Active or generate 0.0% return on investment in ARK 21Shares over 30 days. ARK 21Shares is related to or competes with ProShares Trust, IShares Ethereum, Volatility Shares, VanEck Ethereum, Bitwise Ethereum, and Franklin Bitcoin. ARK 21Shares is entity of United States. It is traded as Etf on BATS exchange. More
ARK 21Shares 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 21Shares' 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 21Shares Active upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.1945 | |||
| Maximum Drawdown | 15.64 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 4.92 |
ARK 21Shares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ARK 21Shares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ARK 21Shares' standard deviation. In reality, there are many statistical measures that can use ARK 21Shares historical prices to predict the future ARK 21Shares' volatility.| Risk Adjusted Performance | 0.1934 | |||
| Jensen Alpha | 0.4663 | |||
| Total Risk Alpha | 0.205 | |||
| Sortino Ratio | 0.2894 | |||
| Treynor Ratio | 0.4137 |
ARK 21Shares Active Backtested Returns
ARK 21Shares appears to be very steady, given 3 months investment horizon. ARK 21Shares Active secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the etf had a 0.26% return per unit of return volatility over the last 3 months. By reviewing ARK 21Shares' technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of ARK 21Shares' Risk Adjusted Performance of 0.1934, mean deviation of 2.12, and Semi Deviation of 1.44 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.63, 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 21Shares will likely underperform.
Auto-correlation | 0.43 |
Average predictability
ARK 21Shares Active has average predictability. Overlapping area represents the amount of predictability between ARK 21Shares time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 21Shares Active price movement. The serial correlation of 0.43 indicates that just about 43.0% of current ARK 21Shares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
ARK 21Shares Active lagged returns against current returns
Autocorrelation, which is ARK 21Shares 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 21Shares' etf expected returns. We can calculate the autocorrelation of ARK 21Shares returns to help us make a trade decision. For example, suppose you find that ARK 21Shares 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 21Shares 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 21Shares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ARK 21Shares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ARK 21Shares etf over time.
Current vs Lagged Prices |
| Timeline |
ARK 21Shares Lagged Returns
When evaluating ARK 21Shares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ARK 21Shares etf have on its future price. ARK 21Shares 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 21Shares autocorrelation shows the relationship between ARK 21Shares etf current value and its past values and can show if there is a momentum factor associated with investing in ARK 21Shares Active.
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 21Shares Active offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ARK 21Shares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ark 21shares Active Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ark 21shares Active Etf:Check out ARK 21Shares Correlation, ARK 21Shares Volatility and ARK 21Shares Alpha and Beta module to complement your research on ARK 21Shares. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
ARK 21Shares 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.