VCYT - Why Has ARKK Dropped Over 30% This Year And Where Is It Headed?
- The Ark Innovation ETF was fallen 60% from its high water mark, far more than 10%ish drop of the handful of growth stocks which top the S&P 500 and NASDAQ100.
- Charts and tables for price and AUM show clearly the the majority of investors in ARKK bought at the top; most ARKK holders are deeply under water.
- Of ARKK's 35 holdings 22 have negative cash flow; the others are extremely expensive even after a large decline.
- SA Factor Grades are very negative on Momentum, Expenses, Valuation, Dividends, Risks; SA authors are mixed to negative.
- If you own ARKK it's a salvage situation; you should probably look for a dead cat bounce and sell.
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Why Has ARKK Dropped Over 30% This Year And Where Is It Headed?