Ark Space Etf Profile

ARKX
 Etf
  

USD 13.81  0.26  1.92%   

Market Performance
0 of 100
Odds Of Distress
Less than 49
Ark Space is trading at 13.81 as of the 7th of July 2022; that is 1.92 percent up since the beginning of the trading day. The etf's open price was 13.55. Ark Space has 49 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Ark Space Exploration are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of July 2020 and ending today, the 7th of July 2022. Click here to learn more.
The fund is an actively-managed exchange-traded fund that will invest under normal circumstances primarily in domestic and foreign equity securities of companies that are engaged in its investment theme of Space Exploration and Innovation. Ark Space is traded on NYSEArca Exchange in the United States.. More on Ark Space Exploration

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Ark Space Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Ark Space's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ark Space or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ark Space generated a negative expected return over the last 90 days
The fund holds 99.88% of its assets under management (AUM) in equities
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Ark Space's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldOvervalued
IssuerARK
DescriptionARK Space Exploration & Innovation ETF
Inception Date2021-03-30
Entity TypeRegulated Investment Company
Asset Under Management291.75 Million
Asset TypeEquity
CategoryStrategy
FocusTheme
Market ConcentrationBlended Development
RegionGlobal
AdministratorThe Bank of New York Mellon Corporation
AdvisorARK Investment Management LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Portfolio ManagerCatherine D. Wood
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-Jul
ExchangeCboe BZX Exchange, Inc.
Number of Constituents38.0
Market MakerJane Street
Total Expense0.75
Management Fee0.75
Nav Price14.35
Two Hundred Day Average17.46
Ytd-28.30%
Average Daily Volume In Three Month195.33k
Fifty Two Week Low13.1
As Of Date11th of May 2022
Average Daily Volume Last 10 Day125.44k
Fifty Two Week High21.33
One Month-20.55%
Fifty Day Average14.53
Three Month-18.15%
Ark Space Exploration [ARKX] is traded in USA and was established 2021-03-30. The fund is listed under Technology category and is part of ARK ETF Trust family. Ark Space Exploration presently have 355.2 M in assets under management (AUM). , while the total return for the last year was -31.63%.
Check Ark Space Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Ark Space Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Ark Space Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Ark Space Exploration Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Ark Space Exploration Currency Exposure (%)

Top Ark Space Exploration Constituents

Ark Space Target Price Odds Analysis

What are Ark Space's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Ark Space jumping above the current price in 90 days from now is about 87.7%. The Ark Space Exploration probability density function shows the probability of Ark Space etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Ark Space has a beta of 0.0038. This suggests as returns on the market go up, Ark Space average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ark Space Exploration will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ark Space Exploration is significantly underperforming DOW.
  Odds Below 13.51HorizonTargetOdds Above 13.51
12.23%90 days
 13.51 
87.70%
Based on a normal probability distribution, the odds of Ark Space to move above the current price in 90 days from now is about 87.7 (This Ark Space Exploration probability density function shows the probability of Ark Space Etf to fall within a particular range of prices over 90 days) .

Ark Space Exploration Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ark Space market risk premium is the additional return an investor will receive from holding Ark Space long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ark Space. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ark Space's alpha and beta are two of the key measurements used to evaluate Ark Space's performance over the market, the standard measures of volatility play an important role as well.

Ark Space Exploration Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Ark Space Exploration Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Ark Space price patterns.
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Ark Space Against Markets

Picking the right benchmark for Ark Space etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ark Space etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ark Space is critical whether you are bullish or bearish towards Ark Space Exploration at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ark Space without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Investing Ark Space Exploration

You need to understand the risk of investing before taking a position in Ark Space. The danger of trading Ark Space Exploration is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ark Space is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ark Space. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ark Space Exploration is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the Ark Space Exploration information on this page should be used as a complementary analysis to other Ark Space's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Ark Space Exploration price analysis, check to measure Ark Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ark Space is operating at the current time. Most of Ark Space's value examination focuses on studying past and present price action to predict the probability of Ark Space's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ark Space's price. Additionally, you may evaluate how the addition of Ark Space to your portfolios can decrease your overall portfolio volatility.
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The market value of Ark Space Exploration is measured differently than its book value, which is the value of Ark Space 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 Ark Space value 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.