Ark Space Exploration Etf Market Value
| ARKX Etf | USD 20.17 0.29 1.46% |
| Symbol | ARK |
The market value of ARK Space Exploration 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 Space's value that differs from its market value or its book value, called intrinsic value, which is ARK Space'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 Space's market value can be influenced by many factors that don't directly affect ARK Space'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 Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if ARK Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ARK Space'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 Space '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 Space'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 Space.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in ARK Space on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding ARK Space Exploration or generate 0.0% return on investment in ARK Space over 30 days. ARK Space is related to or competes with IShares Russell, IShares SP, SPDR Kensho, IShares Morningstar, First Trust, and Vanguard. The fund is an actively-managed exchange-traded fund that will invest under normal circumstances primarily in domestic a... More
ARK Space 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 Space'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 Space Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.234 | |||
| Maximum Drawdown | 6.97 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.89 |
ARK Space Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ARK Space's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ARK Space's standard deviation. In reality, there are many statistical measures that can use ARK Space historical prices to predict the future ARK Space's volatility.| Risk Adjusted Performance | 0.2502 | |||
| Jensen Alpha | 0.4344 | |||
| Total Risk Alpha | 0.2341 | |||
| Sortino Ratio | 0.2312 | |||
| Treynor Ratio | 4.19 |
ARK Space Exploration Backtested Returns
ARK Space appears to be very steady, given 3 months investment horizon. ARK Space Exploration secures Sharpe Ratio (or Efficiency) of 0.35, which signifies that the etf had a 0.35% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for ARK Space Exploration, which you can use to evaluate the volatility of the entity. Please makes use of ARK Space's Mean Deviation of 1.11, semi deviation of 0.8759, and Risk Adjusted Performance of 0.2502 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ARK Space's returns are expected to increase less than the market. However, during the bear market, the loss of holding ARK Space is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
ARK Space Exploration has good predictability. Overlapping area represents the amount of predictability between ARK Space time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Space Exploration price movement. The serial correlation of 0.76 indicates that around 76.0% of current ARK Space price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
ARK Space Exploration lagged returns against current returns
Autocorrelation, which is ARK Space 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 Space's etf expected returns. We can calculate the autocorrelation of ARK Space returns to help us make a trade decision. For example, suppose you find that ARK Space 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 Space 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 Space etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ARK Space etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ARK Space etf over time.
Current vs Lagged Prices |
| Timeline |
ARK Space Lagged Returns
When evaluating ARK Space's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ARK Space etf have on its future price. ARK Space 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 Space autocorrelation shows the relationship between ARK Space etf current value and its past values and can show if there is a momentum factor associated with investing in ARK Space Exploration.
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 Space Exploration offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ARK Space's 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 Space Exploration Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ark Space Exploration Etf:Check out ARK Space Correlation, ARK Space Volatility and ARK Space Alpha and Beta module to complement your research on ARK Space. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
ARK Space 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.