Innovator Defined Competition
| BALT Etf | USD 33.70 0.00 0.00% |
Innovator Defined vs Dimensional Sustainability Correlation
Almost no diversification
The correlation between Innovator Defined Wealth and DFSU is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Defined Wealth and DFSU in the same portfolio, assuming nothing else is changed.
Moving together with Innovator Etf
Innovator Defined Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Innovator Defined and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Innovator and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Innovator Defined Wealth does not affect the price movement of the other competitor.
Innovator Defined Constituents Risk-Adjusted Indicators
There is a big difference between Innovator Etf performing well and Innovator Defined ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Innovator Defined's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PAUG | 0.20 | 0.00 | (0.06) | 0.04 | 0.25 | 0.49 | 1.68 | |||
| PJAN | 0.18 | 0.02 | (0.02) | 0.11 | 0.20 | 0.42 | 2.01 | |||
| RPG | 0.86 | (0.03) | (0.02) | 0.00 | 1.21 | 1.46 | 3.79 | |||
| IYJ | 0.72 | 0.01 | 0.01 | 0.04 | 0.83 | 1.67 | 4.14 | |||
| SMMD | 0.82 | 0.02 | 0.03 | 0.06 | 0.88 | 1.64 | 3.71 | |||
| JMOM | 0.65 | (0.02) | (0.02) | 0.01 | 0.94 | 1.27 | 3.63 | |||
| EWA | 0.75 | 0.02 | 0.01 | 0.06 | 0.92 | 1.39 | 3.80 | |||
| EQWL | 0.51 | 0.01 | 0.00 | 0.04 | 0.57 | 1.03 | 2.76 | |||
| IYC | 0.67 | (0.04) | 0.00 | (0.02) | 0.00 | 1.49 | 3.89 | |||
| DFSU | 0.57 | (0.01) | (0.02) | 0.02 | 0.79 | 1.37 | 3.59 |
Innovator Defined Competitive Analysis
The better you understand Innovator Defined competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Innovator Defined's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Innovator Defined's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Innovator Defined Competition Performance Charts
Five steps to successful analysis of Innovator Defined Competition
Innovator Defined's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Innovator Defined Wealth in relation to its competition. Innovator Defined's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Innovator Defined in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Innovator Defined's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Innovator Defined Wealth, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Innovator Defined position
In addition to having Innovator Defined in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Basic Utilities Thematic Idea Now
Basic Utilities
Companies involved in production and distribution of electric, gas, water, and other energy utilities. The Basic Utilities theme has 12 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Basic Utilities Theme or any other thematic opportunities.
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Check out Innovator Defined Correlation with its peers. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. 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.
It's important to distinguish between Innovator Defined's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Innovator Defined should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Innovator Defined's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.