Innovator Premium Income Etf Holdings Turnover
| LAPR Etf | 25.10 0.02 0.08% |
Innovator Premium Income fundamentals help investors to digest information that contributes to Innovator Premium'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 Premium'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 Premium etf.
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Innovator Premium Income ETF Holdings Turnover Analysis
Innovator Premium's Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
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According to the company disclosure, Innovator Premium Income has a Holdings Turnover 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 Premium Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Innovator Premium Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innovator Premium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innovator Premium Income 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 Premium
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 Premium 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 Premium will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovator Etf
| 0.97 | BUFR | First Trust Cboe | PairCorr |
| 0.97 | BUFD | FT Cboe Vest | PairCorr |
| 0.95 | PSEP | Innovator SP 500 | PairCorr |
| 0.98 | PJAN | Innovator SP 500 | PairCorr |
The ability to find closely correlated positions to Innovator Premium 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 Premium 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 Premium - 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 Premium Income to buy it.
The correlation of Innovator Premium 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 Premium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator Premium Income 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 Premium 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 Premium Piotroski F Score and Innovator Premium Altman Z Score analysis. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of Innovator Premium Income 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 Premium's value that differs from its market value or its book value, called intrinsic value, which is Innovator Premium'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 Premium's market value can be influenced by many factors that don't directly affect Innovator Premium'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 Premium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Premium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Premium'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.