Innovator Sp 500 Etf Price on February 16, 2024
If you're considering investing in Innovator Etf, it is important to understand the factors that can impact its price. At this point, Innovator is very steady. Innovator SP 500 holds Efficiency (Sharpe) Ratio of 0.32, which attests that the entity had a 0.32% return per unit of risk over the last 3 months. We have found twenty technical indicators for Innovator SP 500, which you can use to evaluate the volatility of the entity. Please check out Innovator's Risk Adjusted Performance of 0.1967, coefficient of variation of 310.56, and Market Risk Adjusted Performance of 0.5078 to validate if the risk estimate we provide is consistent with the expected return of 0.0415%.
Innovator Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Innovator |
Sharpe Ratio = 0.322
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Estimated Market Risk
| 0.13 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.32 actual daily | 25 75% of assets perform better |
Based on monthly moving average Innovator is performing at about 25% 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 by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Innovator Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
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Innovator December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Innovator etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Innovator shares will generate the highest return on investment. By undertsting and applying Innovator etf market strength indicators, traders can identify Innovator SP 500 entry and exit signals to maximize returns
Innovator Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Innovator's price direction in advance. Along with the technical and fundamental analysis of Innovator Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Innovator to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1967 | |||
| Jensen Alpha | 0.0242 | |||
| Total Risk Alpha | 0.0122 | |||
| Sortino Ratio | (0.63) | |||
| Treynor Ratio | 0.4978 |
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The market value of Innovator SP 500 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's value that differs from its market value or its book value, called intrinsic value, which is Innovator's 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 Innovator's market value can be influenced by many factors that don't directly affect Innovator's 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 Innovator's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator's 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.