Innovator Buffer Step Up Etf Market Value
| BSTP Etf | USD 33.75 0.15 0.45% |
| Symbol | Innovator |
The market value of Innovator Buffer Step 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 Buffer's value that differs from its market value or its book value, called intrinsic value, which is Innovator Buffer'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 Buffer's market value can be influenced by many factors that don't directly affect Innovator Buffer'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 Buffer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Buffer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Buffer'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.
Innovator Buffer 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Innovator Buffer's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Innovator Buffer.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Innovator Buffer on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Innovator Buffer Step Up or generate 0.0% return on investment in Innovator Buffer over 30 days. Innovator Buffer is related to or competes with Innovator ETFs, First Trust, Innovator, and Innovator Equity. The fund is an actively managed exchange-traded fund that seeks to provide risk-managed investment exposure to the SPDR ... More
Innovator Buffer Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Innovator Buffer's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Innovator Buffer Step Up upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5809 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.67 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.7658 |
Innovator Buffer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator Buffer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovator Buffer's standard deviation. In reality, there are many statistical measures that can use Innovator Buffer historical prices to predict the future Innovator Buffer's volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | (0.0003) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.127 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innovator Buffer's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Innovator Buffer Step Backtested Returns
Currently, Innovator Buffer Step Up is very steady. Innovator Buffer Step holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for Innovator Buffer Step, which you can use to evaluate the volatility of the entity. Please check out Innovator Buffer's Risk Adjusted Performance of 0.1168, market risk adjusted performance of 0.137, and Downside Deviation of 0.5809 to validate if the risk estimate we provide is consistent with the expected return of 0.0957%. The etf retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Innovator Buffer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovator Buffer is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Innovator Buffer Step Up has very good predictability. Overlapping area represents the amount of predictability between Innovator Buffer time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Innovator Buffer Step price movement. The serial correlation of 0.84 indicates that around 84.0% of current Innovator Buffer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Innovator Buffer Step lagged returns against current returns
Autocorrelation, which is Innovator Buffer etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Innovator Buffer's etf expected returns. We can calculate the autocorrelation of Innovator Buffer returns to help us make a trade decision. For example, suppose you find that Innovator Buffer has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Innovator Buffer regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Innovator Buffer etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovator Buffer etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovator Buffer etf over time.
Current vs Lagged Prices |
| Timeline |
Innovator Buffer Lagged Returns
When evaluating Innovator Buffer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovator Buffer etf have on its future price. Innovator Buffer autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Innovator Buffer autocorrelation shows the relationship between Innovator Buffer etf current value and its past values and can show if there is a momentum factor associated with investing in Innovator Buffer Step Up.
Regressed Prices |
| Timeline |
Pair Trading with Innovator Buffer
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 Buffer 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 Buffer will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovator Etf
| 1.0 | BUFR | First Trust Cboe | PairCorr |
| 0.99 | BUFD | FT Cboe Vest | PairCorr |
| 1.0 | PSEP | Innovator SP 500 | PairCorr |
| 0.98 | PJAN | Innovator SP 500 | PairCorr |
The ability to find closely correlated positions to Innovator Buffer 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 Buffer 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 Buffer - 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 Buffer Step Up to buy it.
The correlation of Innovator Buffer 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 Buffer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator Buffer Step 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 Buffer 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 Buffer Correlation, Innovator Buffer Volatility and Innovator Buffer Alpha and Beta module to complement your research on Innovator Buffer. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Innovator Buffer technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.