Innovator Etfs Trust Etf Performance
| JANJ Etf | 24.89 0.02 0.08% |
The etf retains a Market Volatility (i.e., Beta) of -0.0127, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Innovator ETFs are expected to decrease at a much lower rate. During the bear market, Innovator ETFs is likely to outperform the market.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Innovator ETFs Trust are ranked lower than 25 (%) of all global equities and portfolios over the last 90 days. Even with relatively steady basic indicators, Innovator ETFs is not utilizing all of its potentials. The latest stock price chaos, may contribute to medium-term losses for the stakeholders. ...more
1 | Long Term Trading Analysis for - Stock Traders Daily | 11/19/2024 |
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Innovator ETFs Relative Risk vs. Return Landscape
If you would invest 2,457 in Innovator ETFs Trust on August 26, 2024 and sell it today you would earn a total of 32.00 from holding Innovator ETFs Trust or generate 1.3% return on investment over 90 days. Innovator ETFs Trust is currently generating 0.0202% in daily expected returns and assumes 0.0634% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than Innovator, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Innovator ETFs Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator ETFs' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Innovator ETFs Trust, and traders can use it to determine the average amount a Innovator ETFs' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.3194
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Based on monthly moving average Innovator ETFs is performing at about 25% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Innovator ETFs by adding it to a well-diversified portfolio.
About Innovator ETFs Performance
By evaluating Innovator ETFs' fundamental ratios, stakeholders can gain valuable insights into Innovator ETFs' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Innovator ETFs has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Innovator ETFs has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovator ETFs Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of Innovator ETFs Trust 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 ETFs' value that differs from its market value or its book value, called intrinsic value, which is Innovator ETFs' 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 ETFs' market value can be influenced by many factors that don't directly affect Innovator ETFs' 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 ETFs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator ETFs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator ETFs' 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.