Innovator Hedged Nasdaq 100 Etf Market Value
| QHDG Etf | 26.41 0.19 0.72% |
| Symbol | Innovator |
The market value of Innovator Hedged Nasdaq 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 Hedged's value that differs from its market value or its book value, called intrinsic value, which is Innovator Hedged'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 Hedged's market value can be influenced by many factors that don't directly affect Innovator Hedged'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 Hedged's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Hedged is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Hedged'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 Hedged '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 Hedged'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 Hedged.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Innovator Hedged on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Innovator Hedged Nasdaq 100 or generate 0.0% return on investment in Innovator Hedged over 30 days. Innovator Hedged is related to or competes with Core Alternative, Invesco SP, ETF Series, and WisdomTree Target. Innovator Hedged is entity of United States More
Innovator Hedged 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 Hedged'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 Hedged Nasdaq 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.862 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.78 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 0.9893 |
Innovator Hedged Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator Hedged's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovator Hedged's standard deviation. In reality, there are many statistical measures that can use Innovator Hedged historical prices to predict the future Innovator Hedged's volatility.| Risk Adjusted Performance | 0.1091 | |||
| Jensen Alpha | 0.013 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1483 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innovator Hedged'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 Hedged Nasdaq Backtested Returns
At this point, Innovator Hedged is very steady. Innovator Hedged Nasdaq holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Innovator Hedged Nasdaq, which you can use to evaluate the volatility of the entity. Please check out Innovator Hedged's Downside Deviation of 0.862, market risk adjusted performance of 0.1583, and Risk Adjusted Performance of 0.1091 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The etf retains a Market Volatility (i.e., Beta) of 0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Innovator Hedged's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovator Hedged is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Innovator Hedged Nasdaq 100 has very good predictability. Overlapping area represents the amount of predictability between Innovator Hedged 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 Hedged Nasdaq price movement. The serial correlation of 0.82 indicates that around 82.0% of current Innovator Hedged price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Innovator Hedged Nasdaq lagged returns against current returns
Autocorrelation, which is Innovator Hedged 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 Hedged's etf expected returns. We can calculate the autocorrelation of Innovator Hedged returns to help us make a trade decision. For example, suppose you find that Innovator Hedged 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 Hedged 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 Hedged etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovator Hedged etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovator Hedged etf over time.
Current vs Lagged Prices |
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Innovator Hedged Lagged Returns
When evaluating Innovator Hedged's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovator Hedged etf have on its future price. Innovator Hedged 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 Hedged autocorrelation shows the relationship between Innovator Hedged etf current value and its past values and can show if there is a momentum factor associated with investing in Innovator Hedged Nasdaq 100.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Innovator Hedged Nasdaq is a strong investment it is important to analyze Innovator Hedged's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Innovator Hedged's future performance. For an informed investment choice regarding Innovator Etf, refer to the following important reports:Check out Innovator Hedged Correlation, Innovator Hedged Volatility and Innovator Hedged Alpha and Beta module to complement your research on Innovator Hedged. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Innovator Hedged 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.