Innovator Russell 2000 Etf Market Value
| KAPR Etf | USD 34.14 0.13 0.38% |
| Symbol | Innovator |
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.
Innovator Russell '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 Russell'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 Russell.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Innovator Russell on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Innovator Russell 2000 or generate 0.0% return on investment in Innovator Russell over 30 days. Innovator Russell is related to or competes with Innovator Nasdaq, Innovator Nasdaq, Innovator Russell, Innovator Equity, and Innovator MSCI. The fund invests at least 80 percent of its net assets in FLexible EXchange Options that reference the iShares Russell 2... More
Innovator Russell 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 Russell'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 Russell 2000 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5877 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.07 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.08 |
Innovator Russell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator Russell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovator Russell's standard deviation. In reality, there are many statistical measures that can use Innovator Russell historical prices to predict the future Innovator Russell's volatility.| Risk Adjusted Performance | 0.1039 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1071 |
Innovator Russell 2000 Backtested Returns
Currently, Innovator Russell 2000 is very steady. Innovator Russell 2000 holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Innovator Russell 2000, which you can use to evaluate the volatility of the entity. Please check out Innovator Russell's Risk Adjusted Performance of 0.1039, downside deviation of 0.5877, and Market Risk Adjusted Performance of 0.1171 to validate if the risk estimate we provide is consistent with the expected return of 0.0959%. The etf retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Innovator Russell's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovator Russell is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Innovator Russell 2000 has very good predictability. Overlapping area represents the amount of predictability between Innovator Russell time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 Russell 2000 price movement. The serial correlation of 0.84 indicates that around 84.0% of current Innovator Russell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Innovator Russell 2000 lagged returns against current returns
Autocorrelation, which is Innovator Russell 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 Russell's etf expected returns. We can calculate the autocorrelation of Innovator Russell returns to help us make a trade decision. For example, suppose you find that Innovator Russell 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 Russell 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 Russell etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovator Russell etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovator Russell etf over time.
Current vs Lagged Prices |
| Timeline |
Innovator Russell Lagged Returns
When evaluating Innovator Russell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovator Russell etf have on its future price. Innovator Russell 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 Russell autocorrelation shows the relationship between Innovator Russell etf current value and its past values and can show if there is a momentum factor associated with investing in Innovator Russell 2000.
Regressed Prices |
| Timeline |
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 |
| 0.92 | BUFD | FT Cboe Vest | PairCorr |
| 0.92 | PSEP | Innovator SP 500 | PairCorr |
| 0.9 | 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 Correlation, Innovator Russell Volatility and Innovator Russell Alpha and Beta module to complement your research on Innovator Russell. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Innovator Russell 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.