Innovator Defined Wealth Etf Market Value
| BALT Etf | USD 31.44 0.02 0.06% |
| Symbol | Innovator |
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.
Innovator Defined '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 Defined'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 Defined.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Innovator Defined on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Innovator Defined Wealth or generate 0.0% return on investment in Innovator Defined over 30 days. Innovator Defined is related to or competes with Safe Bulkers, Genco Shipping, and Euroseas. The fund invests at least 80 percent of its net assets in FLexible EXchange Options that reference the SPDR SP 500 ETF T... More
Innovator Defined 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 Defined'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 Defined Wealth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1713 | |||
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 0.9761 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.2913 |
Innovator Defined Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator Defined's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovator Defined's standard deviation. In reality, there are many statistical measures that can use Innovator Defined historical prices to predict the future Innovator Defined's volatility.| Risk Adjusted Performance | 0.2214 | |||
| Jensen Alpha | 0.0267 | |||
| Total Risk Alpha | 0.0205 | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | 0.2849 |
Innovator Defined Wealth Backtested Returns
Currently, Innovator Defined Wealth is out of control. Innovator Defined Wealth holds Efficiency (Sharpe) Ratio of 0.31, which attests that the entity had a 0.31% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Innovator Defined Wealth, which you can use to evaluate the volatility of the entity. Please check out Innovator Defined's Market Risk Adjusted Performance of 0.2949, coefficient of variation of 279.12, and Risk Adjusted Performance of 0.2214 to validate if the risk estimate we provide is consistent with the expected return of 0.0467%. The etf retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Innovator Defined's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovator Defined is expected to be smaller as well.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Innovator Defined Wealth has insignificant reverse predictability. Overlapping area represents the amount of predictability between Innovator Defined time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Defined Wealth price movement. The serial correlation of -0.19 indicates that over 19.0% of current Innovator Defined price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Innovator Defined Wealth lagged returns against current returns
Autocorrelation, which is Innovator Defined 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 Defined's etf expected returns. We can calculate the autocorrelation of Innovator Defined returns to help us make a trade decision. For example, suppose you find that Innovator Defined 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 |
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Innovator Defined 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 Defined etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovator Defined etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovator Defined etf over time.
Current vs Lagged Prices |
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Innovator Defined Lagged Returns
When evaluating Innovator Defined's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovator Defined etf have on its future price. Innovator Defined 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 Defined autocorrelation shows the relationship between Innovator Defined etf current value and its past values and can show if there is a momentum factor associated with investing in Innovator Defined Wealth.
Regressed Prices |
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Thematic Opportunities
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Check out Innovator Defined Correlation, Innovator Defined Volatility and Innovator Defined Alpha and Beta module to complement your research on Innovator Defined. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Innovator Defined 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.