Innovator Long Competition
| TFJL Etf | USD 19.69 0.01 0.05% |
Innovator Long vs Innovator ETFs Correlation
Pay attention - limited upside
The correlation between Innovator Long Term and IFEB is -0.83 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Long Term and IFEB in the same portfolio, assuming nothing else is changed.
Moving against Innovator Etf
Innovator Long Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Innovator Long 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 Long Term does not affect the price movement of the other competitor.
Innovator Long Constituents Risk-Adjusted Indicators
There is a big difference between Innovator Etf performing well and Innovator Long 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 Long'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IDEC | 0.31 | 0.06 | 0.08 | 0.20 | 0.21 | 0.69 | 2.29 | |||
| PSFM | 0.14 | 0.01 | (0.13) | 0.15 | 0.00 | 0.38 | 0.90 | |||
| MAYT | 0.16 | 0.01 | (0.08) | 0.09 | 0.15 | 0.42 | 1.31 | |||
| PSFO | 0.32 | (0.01) | (0.06) | 0.03 | 0.44 | 0.71 | 2.23 | |||
| JULH | 0.10 | 0.01 | (0.19) | 0.10 | 0.00 | 0.20 | 0.65 | |||
| JULJ | 0.07 | 0.01 | (0.29) | 0.14 | 0.00 | 0.16 | 0.49 | |||
| CPSN | 0.10 | 0.00 | (0.29) | 0.05 | 0.00 | 0.19 | 0.63 | |||
| CPSO | 0.09 | 0.00 | (0.26) | 0.04 | 0.00 | 0.19 | 0.52 | |||
| OCTH | 0.16 | 0.01 | (0.09) | 0.07 | 0.15 | 0.51 | 1.18 | |||
| IFEB | 0.17 | 0.03 | (0.03) | 0.50 | 0.11 | 0.47 | 1.22 |
Innovator Long Competitive Analysis
The better you understand Innovator Long competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Innovator Long'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 Long'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 Long Competition Performance Charts
Five steps to successful analysis of Innovator Long Competition
Innovator Long'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 Long Term in relation to its competition. Innovator Long's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Innovator Long 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 Long's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Innovator Long Term, 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 Long position
In addition to having Innovator Long 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?
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Manufacturing
Companies that provide goods across residential, commercial and industrial construction such as machinery, tools, or lumber production. The Manufacturing theme has 20 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 Manufacturing Theme or any other thematic opportunities.
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Check out Innovator Long Correlation with its peers. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Understanding Innovator Long Term requires distinguishing between market price and book value, where the latter reflects Innovator's accounting equity. The concept of intrinsic value - what Innovator Long's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push Innovator Long's price substantially above or below its fundamental value.
Please note, there is a significant difference between Innovator Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Innovator Long's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.