No one buys ARKK tales anymore..!
1000% gain in the past 5 years! (Feb 2016-Feb 2021)
The monthly Price volume decreased 62% between March and July 2021.
ARKK builds bearish patterns in higher (weekly and monthly timeframe) and YTD performance is negative (-6.45%)..! This happened while all major indexes were positive!
A non-random walk hypothesis
Martin Weber, a leading researcher in behavioral finance, has performed many tests and studies on finding trends in the stock market. In one of his key studies, he observed the stock market for ten years. Throughout that period, he looked at the market prices for noticeable trends and found that stocks with high price increases in the first five years tended to become under-performers in the following five years. Weber and other believers in the non-random walk hypothesis cite this as a key contributor and contradictor to the random walk hypothesis.
Falsehood always preferred the tale to the truth— Sir Winston Churchill.
Reference Article:
https://www.jstor.org/stable/23488166
The monthly Price volume decreased 62% between March and July 2021.
ARKK builds bearish patterns in higher (weekly and monthly timeframe) and YTD performance is negative (-6.45%)..! This happened while all major indexes were positive!
A non-random walk hypothesis
Martin Weber, a leading researcher in behavioral finance, has performed many tests and studies on finding trends in the stock market. In one of his key studies, he observed the stock market for ten years. Throughout that period, he looked at the market prices for noticeable trends and found that stocks with high price increases in the first five years tended to become under-performers in the following five years. Weber and other believers in the non-random walk hypothesis cite this as a key contributor and contradictor to the random walk hypothesis.
Falsehood always preferred the tale to the truth— Sir Winston Churchill.
Reference Article:
https://www.jstor.org/stable/23488166
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