Innovator Etfs Trust Etf Ten Year Return
| IJUN Etf | 24.94 0.17 0.69% |
Innovator ETFs Trust fundamentals help investors to digest information that contributes to Innovator ETFs' financial success or failures. It also enables traders to predict the movement of Innovator Etf. The fundamental analysis module provides a way to measure Innovator ETFs' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Innovator ETFs etf.
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Innovator ETFs Trust ETF Ten Year Return Analysis
Innovator ETFs' Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
More About Ten Year Return | All Equity Analysis
Ten Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
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Based on the latest financial disclosure, Innovator ETFs Trust has a Ten Year Return of 0.0%. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Defined Outcome (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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About Innovator ETFs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Innovator ETFs Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innovator ETFs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innovator ETFs Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Innovator ETFs
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Innovator ETFs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Innovator ETFs will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovator Etf
Moving against Innovator Etf
| 0.85 | MEME | Roundhill Investments | PairCorr |
| 0.85 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.84 | RSPY | Tuttle Capital Management | PairCorr |
| 0.78 | DSJA | DSJA | PairCorr |
| 0.7 | DNOV | FT Cboe Vest | PairCorr |
The ability to find closely correlated positions to Innovator ETFs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innovator ETFs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Innovator ETFs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Innovator ETFs Trust to buy it.
The correlation of Innovator ETFs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Innovator ETFs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator ETFs Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Innovator ETFs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Innovator ETFs Piotroski F Score and Innovator ETFs Altman Z Score analysis. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of Innovator ETFs Trust 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 ETFs' value that differs from its market value or its book value, called intrinsic value, which is Innovator ETFs' 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 ETFs' market value can be influenced by many factors that don't directly affect Innovator ETFs' 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 ETFs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator ETFs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator ETFs' 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.