Innovator Etfs Trust Etf Beta
| INOV Etf | USD 28.88 0.06 0.21% |
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.
Innovator |
Innovator ETFs Trust ETF Beta Analysis
Innovator ETFs' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Innovator ETFs Beta | 0.53 |
Most of Innovator ETFs' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Innovator ETFs Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Innovator ETFs Trust has a Beta of 0.5288. This is much higher than that of the Health Care Technology family and significantly higher than that of the Defined Outcome category. The beta for all United States etfs is notably lower than that of the firm.
Innovator Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Innovator ETFs' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Innovator ETFs could also be used in its relative valuation, which is a method of valuing Innovator ETFs by comparing valuation metrics of similar companies.Innovator ETFs is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, Innovator ETFs' returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovator ETFs is expected to be smaller as well.
Innovator Fundamentals
| Return On Equity | 0.0716 | |||
| Return On Asset | 0.0331 | |||
| Profit Margin | 0.07 % | |||
| Operating Margin | 0.14 % | |||
| Current Valuation | 7.22 B | |||
| Shares Outstanding | 77.17 M | |||
| Shares Owned By Insiders | 3.99 % | |||
| Shares Owned By Institutions | 75.85 % | |||
| Number Of Shares Shorted | 4.45 M | |||
| Price To Earning | 188.89 X | |||
| Price To Book | 8.31 X | |||
| Price To Sales | 8.25 X | |||
| Revenue | 667.52 M | |||
| Gross Profit | 499.7 M | |||
| EBITDA | 186.56 M | |||
| Net Income | 22.58 M | |||
| Cash And Equivalents | 128.63 M | |||
| Cash Per Share | 0.82 X | |||
| Total Debt | 897.3 M | |||
| Debt To Equity | 1.39 % | |||
| Current Ratio | 2.17 X | |||
| Book Value Per Share | 4.91 X | |||
| Cash Flow From Operations | 146.36 M | |||
| Short Ratio | 6.78 X | |||
| Earnings Per Share | 0.34 X | |||
| Price To Earnings To Growth | 5.24 X | |||
| Target Price | 41.8 | |||
| Number Of Employees | 31 | |||
| Beta | 0.53 | |||
| Market Capitalization | 6.37 B | |||
| Total Asset | 1.97 B | |||
| Retained Earnings | 300.89 M | |||
| Working Capital | 158.8 M | |||
| Current Asset | 844.01 M | |||
| Current Liabilities | 67.53 M | |||
| One Year Return | 10.50 % | |||
| Net Asset | 1.97 B |
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.
Thematic Opportunities
Explore Investment Opportunities
Check out Innovator ETFs Piotroski F Score and Innovator ETFs Altman Z Score analysis. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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.