Innovator Nasdaq 100 Power Etf Three Year Return
| NJAN Etf | USD 47.47 0.04 0.08% |
Innovator Nasdaq 100 Power fundamentals help investors to digest information that contributes to Innovator Nasdaq'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 Nasdaq'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 Nasdaq etf.
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Innovator Nasdaq 100 Power ETF Three Year Return Analysis
Innovator Nasdaq's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Innovator Nasdaq Three Year Return | 3.90 % |
Most of Innovator Nasdaq's fundamental indicators, such as Three Year Return, 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 Nasdaq 100 Power is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
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Based on the latest financial disclosure, Innovator Nasdaq 100 Power has a Three Year Return of 3.9%. This is much higher than that of the Innovator ETFs family and significantly higher than that of the Defined Outcome category. The three year return for all United States etfs is notably lower than that of the firm.
Innovator Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Innovator Nasdaq's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Innovator Nasdaq could also be used in its relative valuation, which is a method of valuing Innovator Nasdaq by comparing valuation metrics of similar companies.Innovator Nasdaq is currently under evaluation in three year return as compared to similar ETFs.
Fund Asset Allocation for Innovator Nasdaq
The fund invests 219.14% of asset under management in tradable equity instruments, with the rest of investments concentrated in .Asset allocation divides Innovator Nasdaq'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 | 0.62 | |||
| Total Asset | 86.27 M | |||
| One Year Return | 14.80 % | |||
| Three Year Return | 3.90 % | |||
| Net Asset | 86.27 M | |||
| Equity Positions Weight | 219.14 % |
About Innovator Nasdaq Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Innovator Nasdaq 100 Power's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innovator Nasdaq using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innovator Nasdaq 100 Power 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 Nasdaq
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 Nasdaq 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 Nasdaq will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovator Etf
| 0.99 | BUFR | First Trust Cboe | PairCorr |
| 0.98 | BUFD | FT Cboe Vest | PairCorr |
| 0.99 | PSEP | Innovator SP 500 | PairCorr |
| 0.99 | PJAN | Innovator SP 500 | PairCorr |
The ability to find closely correlated positions to Innovator Nasdaq 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 Nasdaq 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 Nasdaq - 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 Nasdaq 100 Power to buy it.
The correlation of Innovator Nasdaq 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 Nasdaq moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator Nasdaq 100 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 Nasdaq 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 Nasdaq Piotroski F Score and Innovator Nasdaq Altman Z Score analysis. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
The market value of Innovator Nasdaq 100 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is Innovator Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect Innovator Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Nasdaq'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.