Innovator Etfs Trust Etf Market Value
| EBUF Etf | 25.56 0.04 0.16% |
| Symbol | Innovator |
The market value of Innovator ETFs Trust 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 ETFs' value that differs from its market value or its book value, called intrinsic value, which is Innovator ETFs' 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 ETFs' market value can be influenced by many factors that don't directly affect Innovator ETFs' 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 ETFs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator ETFs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator ETFs' 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 ETFs '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 ETFs' 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 ETFs.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Innovator ETFs on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Innovator ETFs Trust or generate 0.0% return on investment in Innovator ETFs over 30 days. Innovator ETFs is related to or competes with Innovator ETFs, First Trust, Innovator, and Innovator Equity. Innovator ETFs is entity of United States More
Innovator ETFs 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 ETFs' 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 ETFs Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3877 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 2.15 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.468 |
Innovator ETFs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator ETFs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovator ETFs' standard deviation. In reality, there are many statistical measures that can use Innovator ETFs historical prices to predict the future Innovator ETFs' volatility.| Risk Adjusted Performance | 0.0216 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | 0.0374 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innovator ETFs' 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 ETFs Trust Backtested Returns
At this point, Innovator ETFs is very steady. Innovator ETFs Trust holds Efficiency (Sharpe) Ratio of 0.0704, which attests that the entity had a 0.0704% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Innovator ETFs Trust, which you can use to evaluate the volatility of the entity. Please check out Innovator ETFs' Risk Adjusted Performance of 0.0216, market risk adjusted performance of 0.0474, and Downside Deviation of 0.3877 to validate if the risk estimate we provide is consistent with the expected return of 0.0253%. The etf retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Innovator ETFs' returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovator ETFs is expected to be smaller as well.
Auto-correlation | -0.61 |
Very good reverse predictability
Innovator ETFs Trust has very good reverse predictability. Overlapping area represents the amount of predictability between Innovator ETFs time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 ETFs Trust price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Innovator ETFs price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Innovator ETFs Trust lagged returns against current returns
Autocorrelation, which is Innovator ETFs 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 ETFs' etf expected returns. We can calculate the autocorrelation of Innovator ETFs returns to help us make a trade decision. For example, suppose you find that Innovator ETFs 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 ETFs 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 ETFs etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovator ETFs etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovator ETFs etf over time.
Current vs Lagged Prices |
| Timeline |
Innovator ETFs Lagged Returns
When evaluating Innovator ETFs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovator ETFs etf have on its future price. Innovator ETFs 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 ETFs autocorrelation shows the relationship between Innovator ETFs etf current value and its past values and can show if there is a momentum factor associated with investing in Innovator ETFs Trust.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Innovator ETFs Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Innovator ETFs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Innovator Etfs Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Innovator Etfs Trust Etf:Check out Innovator ETFs Correlation, Innovator ETFs Volatility and Innovator ETFs Alpha and Beta module to complement your research on Innovator ETFs. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Innovator ETFs 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.