Innovator Msci Eafe Etf Market Value
| IAPR Etf | USD 27.12 0.22 0.82% |
| Symbol | Innovator |
The market value of Innovator MSCI EAFE 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 MSCI's value that differs from its market value or its book value, called intrinsic value, which is Innovator MSCI'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 MSCI's market value can be influenced by many factors that don't directly affect Innovator MSCI'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 MSCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator MSCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator MSCI'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 MSCI '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 MSCI'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 MSCI.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Innovator MSCI on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Innovator MSCI EAFE or generate 0.0% return on investment in Innovator MSCI over 90 days. Innovator MSCI is related to or competes with Innovator MSCI, Innovator Russell, Innovator, Innovator Nasdaq, and Innovator MSCI. The fund invests at least 80 percent of its net assets in FLexible EXchange Options that reference the iShares MSCI EAFE... More
Innovator MSCI 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 MSCI'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 MSCI EAFE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 2.67 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 0.8076 |
Innovator MSCI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator MSCI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovator MSCI's standard deviation. In reality, there are many statistical measures that can use Innovator MSCI historical prices to predict the future Innovator MSCI's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.19) |
Innovator MSCI EAFE Backtested Returns
Innovator MSCI EAFE holds Efficiency (Sharpe) Ratio of -0.0768, which attests that the entity had a -0.0768% return per unit of risk over the last 3 months. Innovator MSCI EAFE exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Innovator MSCI's Risk Adjusted Performance of (0.08), standard deviation of 0.5504, and Market Risk Adjusted Performance of (0.18) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Innovator MSCI's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovator MSCI is expected to be smaller as well.
Auto-correlation | -0.43 |
Modest reverse predictability
Innovator MSCI EAFE has modest reverse predictability. Overlapping area represents the amount of predictability between Innovator MSCI time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 MSCI EAFE price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Innovator MSCI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Innovator MSCI EAFE lagged returns against current returns
Autocorrelation, which is Innovator MSCI 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 MSCI's etf expected returns. We can calculate the autocorrelation of Innovator MSCI returns to help us make a trade decision. For example, suppose you find that Innovator MSCI 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 MSCI 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 MSCI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovator MSCI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovator MSCI etf over time.
Current vs Lagged Prices |
| Timeline |
Innovator MSCI Lagged Returns
When evaluating Innovator MSCI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovator MSCI etf have on its future price. Innovator MSCI 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 MSCI autocorrelation shows the relationship between Innovator MSCI etf current value and its past values and can show if there is a momentum factor associated with investing in Innovator MSCI EAFE.
Regressed Prices |
| Timeline |
Pair Trading with Innovator MSCI
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 MSCI 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 MSCI will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovator Etf
Moving against Innovator Etf
| 0.85 | MEME | Roundhill Investments | PairCorr |
| 0.85 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.84 | RSPY | Tuttle Capital Management | PairCorr |
| 0.78 | DSJA | DSJA | PairCorr |
| 0.7 | DNOV | FT Cboe Vest | PairCorr |
The ability to find closely correlated positions to Innovator MSCI 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 MSCI 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 MSCI - 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 MSCI EAFE to buy it.
The correlation of Innovator MSCI 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 MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator MSCI EAFE 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 MSCI 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 MSCI Correlation, Innovator MSCI Volatility and Innovator MSCI Alpha and Beta module to complement your research on Innovator MSCI. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Innovator MSCI 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.