Innovator Equity Premium Etf Beta
| JANH Etf | 24.94 0.01 0.04% |
Innovator Equity Premium fundamentals help investors to digest information that contributes to Innovator Equity's 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 Equity's 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 Equity etf.
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Innovator Equity Premium ETF Beta Analysis
Innovator Equity's 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.
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.
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In accordance with the recently published financial statements, Innovator Equity Premium has a Beta 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).
Innovator Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Innovator Equity's 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 Equity could also be used in its relative valuation, which is a method of valuing Innovator Equity by comparing valuation metrics of similar companies.Innovator Equity is currently under evaluation in beta as compared to similar ETFs.
About Innovator Equity Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Innovator Equity Premium's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innovator Equity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innovator Equity Premium 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.
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When determining whether Innovator Equity Premium is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Innovator Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Innovator Equity Premium Etf. Highlighted below are key reports to facilitate an investment decision about Innovator Equity Premium Etf:Check out Innovator Equity Piotroski F Score and Innovator Equity Altman Z Score analysis. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
The market value of Innovator Equity Premium 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 Equity's value that differs from its market value or its book value, called intrinsic value, which is Innovator Equity'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 Equity's market value can be influenced by many factors that don't directly affect Innovator Equity'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 Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Equity'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.