ARK Innovation (ARKK) trades at $84.59, about ₦113,071 per share at today’s rate of ₦1,337/$. Over the past year it has gained 12.8% in dollars, which works out to -1.7% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +18.7% | +16.4% |
| 6 months | +16.0% | +14.5% |
| 1 year | +12.8% | -1.7% |
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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