Innovator Small Cap Etf Market Value
| KSEP Etf | 26.65 0.05 0.19% |
| Symbol | Innovator |
The market value of Innovator Small Cap 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 Small's value that differs from its market value or its book value, called intrinsic value, which is Innovator Small'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 Small's market value can be influenced by many factors that don't directly affect Innovator Small'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 Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Small'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 Small '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 Small'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 Small.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Innovator Small on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Innovator Small Cap or generate 0.0% return on investment in Innovator Small over 30 days. Innovator Small is related to or competes with Innovator ETFs, First Trust, Innovator, and Innovator Equity. Innovator Small is entity of United States More
Innovator Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4771 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.35 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.9415 |
Innovator Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovator Small's standard deviation. In reality, there are many statistical measures that can use Innovator Small historical prices to predict the future Innovator Small's volatility.| Risk Adjusted Performance | 0.1371 | |||
| Jensen Alpha | 0.0174 | |||
| Total Risk Alpha | (0.0004) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1553 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innovator Small'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 Small Cap Backtested Returns
Currently, Innovator Small Cap is very steady. Innovator Small Cap holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Innovator Small Cap, which you can use to evaluate the volatility of the entity. Please check out Innovator Small's Risk Adjusted Performance of 0.1371, downside deviation of 0.4771, and Market Risk Adjusted Performance of 0.1653 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The etf retains a Market Volatility (i.e., Beta) of 0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Innovator Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovator Small is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
Innovator Small Cap has excellent predictability. Overlapping area represents the amount of predictability between Innovator Small time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Small Cap price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Innovator Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Innovator Small Cap lagged returns against current returns
Autocorrelation, which is Innovator Small 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 Small's etf expected returns. We can calculate the autocorrelation of Innovator Small returns to help us make a trade decision. For example, suppose you find that Innovator Small 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 Small 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 Small etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovator Small etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovator Small etf over time.
Current vs Lagged Prices |
| Timeline |
Innovator Small Lagged Returns
When evaluating Innovator Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovator Small etf have on its future price. Innovator Small 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 Small autocorrelation shows the relationship between Innovator Small etf current value and its past values and can show if there is a momentum factor associated with investing in Innovator Small Cap.
Regressed Prices |
| Timeline |
Pair Trading with Innovator Small
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 Small 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 Small will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovator Etf
| 0.75 | BUFR | First Trust Cboe | PairCorr |
| 0.75 | BUFD | FT Cboe Vest | PairCorr |
| 0.77 | PSEP | Innovator SP 500 | PairCorr |
| 0.73 | PJAN | Innovator SP 500 | PairCorr |
The ability to find closely correlated positions to Innovator Small 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 Small 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 Small - 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 Small Cap to buy it.
The correlation of Innovator Small 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 Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator Small Cap 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 Small 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 Small Correlation, Innovator Small Volatility and Innovator Small Alpha and Beta module to complement your research on Innovator Small. 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 Small 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.