Up until 2021, the TSLA to ARKK correlation of coefficient was 0.9923! [0] I have always seen ARKK being mentioned with TSLA. Aside from it being mentioned in c

Up until 2021, the TSLA to ARKK correlation of coefficient was 0.9923! [0] I have always seen ARKK being mentioned with TSLA. Aside from it being mentioned in crappy posts that were trying to pump and dump shitty stocks. It is a freaking ETF they have other investments. But it is not your traditional ETF because it is volatile af. They have bought into hype stocks into bad prices [1]. Roku, ZM, TDOC, CRISPR, SPOT, SHOP, DKNG, RBLX. All of these hype stocks. Very little reasoning behind valuation but they paid for it. ARKK is a terrible terrible metric for anything. [0] https://www.buyupside.com/alphavantagelive/stockcorrelationcomputeavmonth.php?symbol1=ARKK&symbol2=TSLA&start_month=05&start_year=2018&end_month=05&end_year=2021&submit=Calculate+Coefficient https://www.buyupside.com/alphavantagelive/stockcorrelationc... [1] https://cathiesark.com/arkk/complete-holdings https://cathiesark.com/arkk/complete-holdings