Innovator Premium Income Etf Profile
| APRQ Etf | 24.59 0.01 0.04% |
Performance11 of 100
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Innovator Premium is selling at 24.59 as of the 8th of May 2024; that is -0.04 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 24.59. Innovator Premium has 50 percent odds of going through some form of financial distress in the next two years but had a very good returns during the last 90 days. Equity ratings for Innovator Premium Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2024 and ending today, the 8th of May 2024. Click here to learn more.
Innovator Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Innovator Premium's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Innovator Premium or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Size And Style ETFs, Large Cap ETFs (View all Sectors) |
| Issuer | Innovator Capital Management |
| Inception Date | 2023-04-03 |
| Benchmark | S&P 500 Price Return Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 20.94 Million |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Innovator Capital Management, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Robert Cummings, Yin Bhuyan |
| Transfer Agent | U.S. Bank, N.A. |
| Fiscal Year End | 31-Oct |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 8.0 |
| Market Maker | Wolverine Trading |
| Total Expense | 0.79 |
| Management Fee | 0.79 |
| 200 Day M A | 24.6737 |
| Country Name | USA |
| 50 Day M A | 24.621 |
| Code | APRQ |
| Updated At | 7th of May 2024 |
| Name | Innovator Premium Income 40 Barrier ETF - April |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01G43FX03 |
| Type | ETF |
Innovator Premium Income [APRQ] is traded in USA and was established null. The fund is not filed under any group at this time. The fund presently have in assets under management (AUM).
Check Innovator Premium Probability Of Bankruptcy
Innovator Premium Target Price Odds Analysis
In regard to a normal probability distribution, the odds of Innovator Premium jumping above the current price in 90 days from now is near 1%. The Innovator Premium Income probability density function shows the probability of Innovator Premium etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Innovator Premium has a beta of 0.0703. This suggests as returns on the market go up, Innovator Premium average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Innovator Premium Income will be expected to be much smaller as well. Additionally, innovator Premium Income has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Innovator Premium to move above the current price in 90 days from now is near 1 (This Innovator Premium Income probability density function shows the probability of Innovator Etf to fall within a particular range of prices over 90 days) .
Innovator Premium Income Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Innovator Premium market risk premium is the additional return an investor will receive from holding Innovator Premium long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Innovator Premium. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Innovator Premium's alpha and beta are two of the key measurements used to evaluate Innovator Premium's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0346 | |||
| Jensen Alpha | (0.0009) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.51) |
Innovator Premium Against Markets
Picking the right benchmark for Innovator Premium etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Innovator Premium etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Innovator Premium is critical whether you are bullish or bearish towards Innovator Premium Income at a given time. Please also check how Innovator Premium's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Innovator Premium without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Innovator Etf?
Before investing in Innovator Premium, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Innovator Premium. To buy Innovator Premium etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Innovator Premium. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Innovator Premium etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Innovator Premium Income etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Innovator Premium Income etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Innovator Premium Income, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Innovator Etf please use our How to Invest in Innovator Premium guide.
Already Invested in Innovator Premium Income?
The danger of trading Innovator Premium Income is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Innovator Premium is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Innovator Premium. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Innovator Premium Income is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Innovator Premium Income is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Innovator Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Innovator Premium Income Etf. Highlighted below are key reports to facilitate an investment decision about Innovator Premium Income Etf: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Innovator Premium Income. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of Innovator Premium Income is measured differently than its book value, which is the value of Innovator that is recorded on the company's balance sheet. Investors also form their own opinion of Innovator Premium's value that differs from its market value or its book value, called intrinsic value, which is Innovator Premium's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Innovator Premium's market value can be influenced by many factors that don't directly affect Innovator Premium's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Innovator Premium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Premium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Premium's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.