Innovator Equity Buffer Etf Market Value
| BJUL Etf | USD 39.31 0.18 0.46% |
| Symbol | Innovator |
The market value of Innovator Equity Buffer 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 Equity's value that differs from its market value or its book value, called intrinsic value, which is Innovator Equity'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 Equity's market value can be influenced by many factors that don't directly affect Innovator Equity'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 Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Equity'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.
Innovator Equity 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Innovator Equity's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Innovator Equity.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Innovator Equity on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Innovator Equity Buffer or generate 0.0% return on investment in Innovator Equity over 30 days. Innovator Equity is related to or competes with Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, T Rowe, Jpmorgan Equity, and Knife River. The fund invests at least 80 percent of its net assets in FLexible EXchange Options that reference SPDR SP 500 ETF Trust... More
Innovator Equity Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Innovator Equity's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Innovator Equity Buffer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5205 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.36 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 0.7876 |
Innovator Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovator Equity's standard deviation. In reality, there are many statistical measures that can use Innovator Equity historical prices to predict the future Innovator Equity's volatility.| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | 0.0179 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.2671 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innovator Equity's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Innovator Equity Buffer Backtested Returns
We consider Innovator Equity very steady. Innovator Equity Buffer holds Efficiency (Sharpe) Ratio of 0.0558, which attests that the entity had a 0.0558% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Innovator Equity Buffer, which you can use to evaluate the volatility of the entity. Please check out Innovator Equity's Downside Deviation of 0.5205, market risk adjusted performance of 0.2771, and Risk Adjusted Performance of 0.0381 to validate if the risk estimate we provide is consistent with the expected return of 0.0268%. The etf retains a Market Volatility (i.e., Beta) of 0.0824, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Innovator Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovator Equity is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
Innovator Equity Buffer has virtually no predictability. Overlapping area represents the amount of predictability between Innovator Equity time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Innovator Equity Buffer price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Innovator Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Innovator Equity Buffer lagged returns against current returns
Autocorrelation, which is Innovator Equity etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Innovator Equity's etf expected returns. We can calculate the autocorrelation of Innovator Equity returns to help us make a trade decision. For example, suppose you find that Innovator Equity has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Innovator Equity regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Innovator Equity etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovator Equity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovator Equity etf over time.
Current vs Lagged Prices |
| Timeline |
Innovator Equity Lagged Returns
When evaluating Innovator Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovator Equity etf have on its future price. Innovator Equity autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Innovator Equity autocorrelation shows the relationship between Innovator Equity etf current value and its past values and can show if there is a momentum factor associated with investing in Innovator Equity Buffer.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Innovator Equity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Innovator Equity's short interest history, or implied volatility extrapolated from Innovator Equity options trading.
Pair Trading with Innovator Equity
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Innovator Equity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Innovator Equity will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovator Etf
| 0.94 | BUFR | First Trust Cboe | PairCorr |
| 0.91 | BUFD | FT Cboe Vest | PairCorr |
| 0.93 | PSEP | Innovator SP 500 | PairCorr |
| 0.94 | PJAN | Innovator SP 500 | PairCorr |
| 0.94 | ACIO | Aptus Collared me | PairCorr |
Moving against Innovator Etf
| 0.61 | CCOR | Core Alternative ETF | PairCorr |
The ability to find closely correlated positions to Innovator Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innovator Equity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Innovator Equity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Innovator Equity Buffer to buy it.
The correlation of Innovator Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Innovator Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator Equity Buffer moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Innovator Equity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Innovator Equity Correlation, Innovator Equity Volatility and Innovator Equity Alpha and Beta module to complement your research on Innovator Equity. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Innovator Equity technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.