Innovative Portfolios Etf Key Fundamental Indicators
| IPDP Etf | USD 20.52 0.00 0.00% |
As of the 10th of February, Innovative Portfolios retains the Market Risk Adjusted Performance of (0.71), risk adjusted performance of 0.0886, and Downside Deviation of 0.7453. Innovative Portfolios technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices.
Analyzing historical trends in various income statement and balance sheet accounts from Innovative Portfolios' financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Innovative Portfolios' valuation are summarized below:Innovative Portfolios does not presently have any fundamental trends for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Innovative | Build AI portfolio with Innovative Etf |
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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.
CompetitionIn accordance with the recently published financial statements, Innovative Portfolios has a Beta of 1.48. This is much higher than that of the Innovative Portfolios family and significantly higher than that of the Derivative Income category. The beta for all United States etfs is notably lower than that of the firm.
Innovative Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Innovative Portfolios' 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 Innovative Portfolios could also be used in its relative valuation, which is a method of valuing Innovative Portfolios by comparing valuation metrics of similar companies.Innovative Portfolios is currently under evaluation in beta as compared to similar ETFs.
Innovative Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Innovative Portfolios's current stock value. Our valuation model uses many indicators to compare Innovative Portfolios value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Innovative Portfolios competition to find correlations between indicators driving Innovative Portfolios's intrinsic value. More Info.Innovative Portfolios is considered the top ETF in beta as compared to similar ETFs. It also is considered the top ETF in one year return as compared to similar ETFs reporting about 7.43 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Innovative Portfolios by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Fund Asset Allocation for Innovative Portfolios
The fund consists of 79.3% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Innovative Portfolios' investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors for a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will manage securities in the fund's portfolio as market conditions and the fund's objectives change.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Innovative Portfolios will likely underperform.
Innovative Fundamentals
| Beta | 1.48 | |||
| Total Asset | 15.84 M | |||
| One Year Return | 11.00 % | |||
| Three Year Return | 15.00 % | |||
| Five Year Return | 15.60 % | |||
| Net Asset | 15.84 M | |||
| Equity Positions Weight | 79.30 % |
About Innovative Portfolios Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Innovative Portfolios's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innovative Portfolios using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innovative Portfolios 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.The funds investment strategy is twofold investing in dividend paying U.S. equity securities, and credit spread options on an SP 500 ETF or Index. Listed Funds is traded on BATS Exchange in the United States.
Pair Trading with Innovative Portfolios
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 Innovative Portfolios 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 Innovative Portfolios will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovative Etf
| 0.79 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.82 | XYLD | Global X SP | PairCorr |
| 0.74 | RYLD | Global X Russell | PairCorr |
| 0.63 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
The ability to find closely correlated positions to Innovative Portfolios could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innovative Portfolios 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 Innovative Portfolios - 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 Innovative Portfolios to buy it.
The correlation of Innovative Portfolios 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 Innovative Portfolios moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovative Portfolios 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 Innovative Portfolios 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 Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Understanding Innovative Portfolios requires distinguishing between market price and book value, where the latter reflects Innovative's accounting equity. The concept of intrinsic value - what Innovative Portfolios' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push Innovative Portfolios' price substantially above or below its fundamental value.
Please note, there is a significant difference between Innovative Portfolios' value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovative Portfolios is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Innovative Portfolios' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.