Innovator Long Term Etf Market Value
| TFJL Etf | USD 19.95 0.06 0.30% |
| Symbol | Innovator |
The market value of Innovator Long Term 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 Long's value that differs from its market value or its book value, called intrinsic value, which is Innovator Long'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 Long's market value can be influenced by many factors that don't directly affect Innovator Long'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 Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Long'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 Long '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 Long'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 Long.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Innovator Long on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Innovator Long Term or generate 0.0% return on investment in Innovator Long over 30 days. Innovator Long is related to or competes with First Trust, FT Cboe, Innovator, and FT Cboe. The fund invests at least 80 percent of its net assets in FLexible EXchange Options that reference the iShares 20 Year T... More
Innovator Long 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 Long'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 Long Term upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 2.65 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.8399 |
Innovator Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovator Long's standard deviation. In reality, there are many statistical measures that can use Innovator Long historical prices to predict the future Innovator Long's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.5715 |
Innovator Long Term Backtested Returns
Innovator Long Term holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of risk over the last 3 months. Innovator Long Term exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Innovator Long's Standard Deviation of 0.4853, market risk adjusted performance of 0.5815, and Risk Adjusted Performance of (0.12) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Innovator Long are expected to decrease at a much lower rate. During the bear market, Innovator Long is likely to outperform the market.
Auto-correlation | 0.36 |
Below average predictability
Innovator Long Term has below average predictability. Overlapping area represents the amount of predictability between Innovator Long time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Long Term price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Innovator Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Innovator Long Term lagged returns against current returns
Autocorrelation, which is Innovator Long 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 Long's etf expected returns. We can calculate the autocorrelation of Innovator Long returns to help us make a trade decision. For example, suppose you find that Innovator Long 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 Long 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 Long etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovator Long etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovator Long etf over time.
Current vs Lagged Prices |
| Timeline |
Innovator Long Lagged Returns
When evaluating Innovator Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovator Long etf have on its future price. Innovator Long 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 Long autocorrelation shows the relationship between Innovator Long etf current value and its past values and can show if there is a momentum factor associated with investing in Innovator Long Term.
Regressed Prices |
| Timeline |
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Innovator Long 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.