Innovator Hedged Competition
| QHDG Etf | 30.15 0.22 0.72% |
Innovator Hedged vs IShares Energy Correlation
Very weak diversification
The correlation between Innovator Hedged Nasdaq 100 and IBAT is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Hedged Nasdaq 100 and IBAT in the same portfolio, assuming nothing else is changed.
Moving together with Innovator Etf
| 0.86 | ACIO | Aptus Collared Income | PairCorr |
| 0.93 | ADME | Aptus Drawdown Managed | PairCorr |
| 0.82 | SWAN | Amplify BlackSwan Growth | PairCorr |
| 0.67 | PHDG | Invesco SP 500 | PairCorr |
Moving against Innovator Etf
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 Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Innovator Hedged 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 Hedged Nasdaq does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Innovator Hedged Constituents Risk-Adjusted Indicators
There is a big difference between Innovator Etf performing well and Innovator Hedged 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 Hedged'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SIMS | 1.34 | (0.14) | 0.00 | (0.05) | 0.00 | 2.38 | 8.03 | |||
| INDE | 0.63 | (0.12) | 0.00 | (0.40) | 0.00 | 1.13 | 4.78 | |||
| DFND | 0.34 | 0.05 | 0.02 | 1.23 | 0.22 | 1.44 | 3.03 | |||
| VNIE | 0.54 | (0.02) | (0.05) | 0.00 | 0.64 | 1.11 | 3.28 | |||
| SPDG | 0.59 | 0.08 | 0.10 | 0.12 | 0.56 | 1.49 | 3.81 | |||
| EMDM | 0.83 | 0.25 | 0.21 | 0.37 | 0.90 | 1.84 | 4.04 | |||
| ERET | 0.44 | 0.00 | (0.02) | 0.04 | 0.68 | 0.98 | 2.74 | |||
| SUPP | 0.80 | (0.04) | (0.03) | (0.01) | 1.20 | 1.48 | 4.69 | |||
| TDAQ | 0.78 | (0.04) | 0.00 | (0.01) | 0.00 | 1.38 | 4.86 | |||
| IBAT | 1.18 | 0.02 | 0.01 | 0.05 | 1.55 | 2.23 | 6.67 |
Innovator Hedged Competitive Analysis
The better you understand Innovator Hedged competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Innovator Hedged'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 Hedged'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 Hedged Competition Performance Charts
Five steps to successful analysis of Innovator Hedged Competition
Innovator Hedged'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 Hedged Nasdaq in relation to its competition. Innovator Hedged's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Innovator Hedged 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 Hedged's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Innovator Hedged Nasdaq, 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 Hedged position
In addition to having Innovator Hedged 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 Currency Funds Thematic Idea Now
Currency Funds
Funds or Etfs investing in a single currency or combination of currencies from different countries in order to replicate respective foreign exchange markets. The Currency Funds theme has 43 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 Currency Funds Theme or any other thematic opportunities.
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Check out Innovator Hedged Correlation with its peers. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Understanding Innovator Hedged Nasdaq requires distinguishing between market price and book value, where the latter reflects Innovator's accounting equity. The concept of intrinsic value—what Innovator Hedged's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push Innovator Hedged's price substantially above or below its fundamental value.
It's important to distinguish between Innovator Hedged's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Innovator Hedged should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Innovator Hedged's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.