Innovator Russell 2000 Etf Price To Earning
| KJAN Etf | USD 39.19 0.36 0.93% |
Innovator Russell 2000 fundamentals help investors to digest information that contributes to Innovator Russell'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 Russell'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 Russell etf.
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Innovator Russell 2000 ETF Price To Earning Analysis
Innovator Russell's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, Innovator Russell 2000 has a Price To Earning of 0.0 times. This indicator is about the same for the Innovator ETFs 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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Fund Asset Allocation for Innovator Russell
The fund invests 210.76% of asset under management in tradable equity instruments, with the rest of investments concentrated in .Asset allocation divides Innovator Russell's 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 to buy 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 buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Innovator Fundamentals
| Beta | 0.66 | |||
| Total Asset | 100.14 M | |||
| One Year Return | 28.00 % | |||
| Three Year Return | 7.00 % | |||
| Net Asset | 100.14 M | |||
| Equity Positions Weight | 210.76 % |
About Innovator Russell Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Innovator Russell 2000's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innovator Russell using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innovator Russell 2000 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 Russell
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 Russell 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 Russell will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovator Etf
| 0.93 | BUFR | First Trust Cboe | PairCorr |
| 0.93 | BUFD | FT Cboe Vest | PairCorr |
| 0.93 | PSEP | Innovator SP 500 | PairCorr |
| 0.91 | PJAN | Innovator SP 500 | PairCorr |
The ability to find closely correlated positions to Innovator Russell 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 Russell 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 Russell - 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 Russell 2000 to buy it.
The correlation of Innovator Russell 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 Russell moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator Russell 2000 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 Russell 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 Russell Piotroski F Score and Innovator Russell Altman Z Score analysis. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of Innovator Russell 2000 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 Russell's value that differs from its market value or its book value, called intrinsic value, which is Innovator Russell'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 Russell's market value can be influenced by many factors that don't directly affect Innovator Russell'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 Russell's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Russell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Russell'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.