ARK Innovation (ARKK) trades at $87.17, about ₦115,369 per share at today’s rate of ₦1,323/$. Over the past year it has gained 0.4% in dollars, which works out to -9.0% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +2.9% | +2.8% |
| 6 months | +12.5% | +10.8% |
| 1 year | +0.4% | -9.0% |
Naira-terms return = share-price return × USD/NGN move. When the naira weakens, dollar assets gain extra value in naira; when it strengthens, the reverse.
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