Innovator Equity Managed Etf Beneish M Score
| SFLR Etf | USD 33.21 0.04 0.12% |
Innovator |
At this time, Innovator Equity's M Score is inapplicable. The earnings manipulation may begin if Innovator Equity's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Innovator Equity executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Innovator Equity's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About Innovator Equity Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Innovator Equity Managed's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innovator Equity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innovator Equity Managed based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.99 | BUFR | First Trust Cboe | PairCorr |
| 0.99 | BUFD | FT Cboe Vest | PairCorr |
| 0.99 | PSEP | Innovator SP 500 | PairCorr |
| 0.98 | PJAN | Innovator SP 500 | 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 Managed 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 Managed 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 Piotroski F Score and Innovator Equity Altman Z Score analysis. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
The market value of Innovator Equity Managed 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.