Goldman Sachs Innovate Etf Profile
| GINN Etf | USD 63.43 0.51 0.81% |
Performance10 of 100
| Odds Of DistressLess than 9
|
Goldman Sachs is selling at 63.43 as of the 24th of November 2024; that is 0.81 percent increase since the beginning of the trading day. The etf's open price was 62.92. Goldman Sachs has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Goldman Sachs Innovate are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of December 2022 and ending today, the 24th of November 2024. Click here to learn more.
The fund seeks to achieve its investment objective by investing at least 80 percent of its assets in securities included in its index, in depositary receipts representing securities included in its index and in underlying stocks in respect of depositary receipts included in its index. More on Goldman Sachs Innovate
Moving together with Goldman Etf
| 0.97 | VGT | Vanguard Information | PairCorr |
| 0.95 | XLK | Technology Select Sector | PairCorr |
| 0.97 | IYW | iShares Technology ETF | PairCorr |
| 0.81 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.93 | CIBR | First Trust NASDAQ | PairCorr |
Moving against Goldman Etf
Goldman Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Theme ETFs, Strategy ETFs, Technology, Goldman Sachs (View all Sectors) |
| Issuer | Goldman Sachs |
| Inception Date | 2020-11-06 |
| Benchmark | Solactive Innovative Global Equity Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 273.59 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | Goldman Sachs Asset Management, L.P. |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Raj Garigipati, Jamie McGregor |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 473 |
| Market Maker | Susquehanna |
| Total Expense | 0.52 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | 20.84 |
| Name | Goldman Sachs Innovate Equity ETF |
| Currency Code | USD |
| Open Figi | BBG00Y3MQ4C3 |
| In Threey Volatility | 21.3 |
| 1y Volatility | 15.38 |
| 200 Day M A | 57.305 |
| 50 Day M A | 61.2409 |
| Code | GINN |
| Updated At | 23rd of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.12) |
Goldman Sachs Innovate [GINN] is traded in USA and was established 2020-11-09. The fund is listed under Technology category and is part of Goldman Sachs family. The entity is thematically classified as Theme ETFs. Goldman Sachs Innovate currently have 291.87 M in assets under management (AUM). , while the total return for the last 3 years was 0.8%.
Check Goldman Sachs Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Goldman Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Goldman Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Goldman Sachs Innovate Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Goldman Sachs Innovate Currency Exposure
Goldman Sachs Innovate holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Goldman Sachs will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Goldman Sachs Innovate.
Top Goldman Sachs Innovate Etf Constituents
| AAPL | Apple Inc | Stock | Information Technology | |
| AMZN | Amazon Inc | Stock | Consumer Discretionary | |
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary | |
| CRM | Salesforce | Stock | Information Technology | |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services | |
| INTC | Intel | Stock | Information Technology | |
| META | Meta Platforms | Stock | Communication Services | |
| MSFT | Microsoft | Stock | Information Technology |
Goldman Sachs Innovate Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Goldman Sachs. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.114 | |||
| Jensen Alpha | 0.0088 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0088 |
Goldman Sachs Against Markets
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Innovate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of Goldman Sachs Innovate is measured differently than its book value, which is the value of Goldman that is recorded on the company's balance sheet. Investors also form their own opinion of Goldman Sachs' value that differs from its market value or its book value, called intrinsic value, which is Goldman Sachs' 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 Goldman Sachs' market value can be influenced by many factors that don't directly affect Goldman Sachs' 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 Goldman Sachs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Goldman Sachs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldman Sachs' 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.