ARK Fintech Correlations

ARKF Etf

USD 44.43 0.52 1.18%

The current 90-days correlation between ARK Fintech Innovation and ARK Autonomous Technology is 0.78 (i.e., Poor diversification). The correlation of ARK Fintech 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.

ARK Fintech Correlation With Market

Significant diversification

The correlation between ARK Fintech Innovation and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ARK Fintech Innovation 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 Fintech Innovation. 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.

Moving together with ARK Etf

0.91	CIBR	First Trust NASDAQ	Pair Corr
0.64	IGV	iShares Expanded Tech	Pair Corr
0.9	FDN	First Trust Dow	Pair Corr
0.8	IGM	iShares Expanded Tech	Pair Corr
0.95	MAPP	Harbor ETF Trust	Pair Corr
0.79	HART	IQ Healthy Hearts	Pair Corr
0.62	EOS	Eaton Vance Enhanced	Pair Corr
0.63	JNJ	Johnson Johnson	Pair Corr
0.69	GE	GE Aerospace Sell-off Trend	Pair Corr

Moving against ARK Etf

0.34	PRME	Prime Medicine, Common Buyout Trend	Pair Corr
0.51	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	ARKQ	ARKW	ARKG	ARKK	ARKX
ARKQ		0.75	0.58	0.74	0.94	ARKQ
ARKW	0.75		0.78	0.97	0.76	ARKW
ARKG	0.58	0.78		0.84	0.74	ARKG
ARKK	0.74	0.97	0.84		0.75	ARKK
ARKX	0.94	0.76	0.74	0.75		ARKX
	ARKQ	ARKW	ARKG	ARKK	ARKX

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ARK Fintech Constituents Risk-Adjusted Indicators

There is a big difference between ARK Etf performing well and ARK Fintech ETF 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 Fintech'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
ARKQ	1.58	0.27	0.14	2.74	1.63	(1.82)	3.32	(2.49)	10.77
ARKW	1.49	0.28	0.13	8.28	1.77	(1.56)	3.17	(2.68)	9.63
ARKG	2.30	0.42	0.17	19.17	2.15	(2.83)	4.99	(3.56)	12.45
ARKK	1.77	0.31	0.14	4.03	1.82	(2.03)	3.46	(2.77)	11.19
ARKX	1.55	0.25	0.14	7.84	1.53	(1.78)	2.96	(2.59)	8.93

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