Innovator Defined Competition
| BALT Etf | USD 31.39 0.01 0.03% |
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Innovator |
Innovator Defined Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Innovator Defined and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Innovator and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Innovator Defined Wealth does not affect the price movement of the other competitor.
| 0.4 | -0.72 | 0.75 | 0.84 | SB | ||
| 0.4 | -0.32 | 0.05 | 0.21 | NM | ||
| -0.72 | -0.32 | -0.39 | -0.58 | FREE | ||
| 0.75 | 0.05 | -0.39 | 0.75 | GNK | ||
| 0.84 | 0.21 | -0.58 | 0.75 | ESEA | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
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Innovator Defined Constituents Risk-Adjusted Indicators
There is a big difference between Innovator Etf performing well and Innovator Defined ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Innovator Defined's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SB | 1.57 | (0.48) | 0.00 | (0.42) | 0.00 | 3.13 | 9.36 | |||
| NM | 2.24 | (0.08) | 0.00 | 2.03 | 0.00 | 5.56 | 16.27 | |||
| FREE | 0.15 | 0.00 | (0.44) | 0.21 | 0.11 | 0.21 | 1.04 | |||
| GNK | 1.44 | (0.19) | 0.00 | (0.11) | 0.00 | 2.54 | 9.22 | |||
| ESEA | 2.16 | (0.23) | 0.00 | (1.42) | 0.00 | 3.85 | 16.76 |
Innovator Defined Competitive Analysis
The better you understand Innovator Defined competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Innovator Defined's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Innovator Defined's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Innovator Defined Competition Performance Charts
Five steps to successful analysis of Innovator Defined Competition
Innovator Defined's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Innovator Defined Wealth in relation to its competition. Innovator Defined's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Innovator Defined in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Innovator Defined's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Innovator Defined Wealth, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Shipping Containers
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Check out Innovator Defined Correlation with its peers. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
The market value of Innovator Defined Wealth 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 Defined's value that differs from its market value or its book value, called intrinsic value, which is Innovator Defined'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 Defined's market value can be influenced by many factors that don't directly affect Innovator Defined'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 Defined's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Defined is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Defined'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.