Innovator Small Cap Etf Performance
| KNOV Etf | 26.30 0.01 0.04% |
The etf retains a Market Volatility (i.e., Beta) of 0.0176, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Innovator Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovator Small is expected to be smaller as well.
Risk-Adjusted Performance
27 of 100
Weak | Strong |
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Innovator Small Cap are ranked lower than 27 (%) of all global equities and portfolios over the last 90 days. In spite of fairly inconsistent basic indicators, Innovator Small showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Innovator |
Innovator Small Relative Risk vs. Return Landscape
If you would invest 2,515 in Innovator Small Cap on August 30, 2024 and sell it today you would earn a total of 120.00 from holding Innovator Small Cap or generate 4.77% return on investment over 90 days. Innovator Small Cap is currently generating 0.262% in daily expected returns and assumes 0.7569% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Innovator, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Innovator Small Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator Small's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Innovator Small Cap, and traders can use it to determine the average amount a Innovator Small's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.3461
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.35 actual daily | 27 73% of assets perform better |
Based on monthly moving average Innovator Small is performing at about 27% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Innovator Small by adding it to a well-diversified portfolio.
About Innovator Small Performance
Evaluating Innovator Small's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Innovator Small has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Innovator Small has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.