ARK Innovation (ARKK) trades at $83.92, about ₦112,835 per share at today’s rate of ₦1,345/$. Over the past year it has gained 10.9% in dollars, which works out to -2.9% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +16.7% | +14.8% |
| 6 months | +16.4% | +16.6% |
| 1 year | +10.9% | -2.9% |
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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