Innovator Small Cap Etf Performance
| KAUG Etf | 25.71 0.05 0.19% |
The etf retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. 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.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Innovator Small Cap has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Innovator Small is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
Innovator |
Innovator Small Relative Risk vs. Return Landscape
If you would invest 2,621 in Innovator Small Cap on November 9, 2024 and sell it today you would lose (50.00) from holding Innovator Small Cap or give up 1.91% of portfolio value over 90 days. Innovator Small Cap is currently does not generate positive expected returns and assumes 0.6122% risk (volatility on return distribution) over the 90 days horizon. In different words, 5% 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 |
| Risk |
Innovator Small Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator Small's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Innovator Small Cap, and traders can use it to determine the average amount a Innovator Small's 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 = -0.0503
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| Negative Returns | KAUG |
Estimated Market Risk
| 0.61 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Innovator Small is not performing at its full potential. However, 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 Small by adding Innovator Small to a well-diversified portfolio.
About Innovator Small Performance
By analyzing Innovator Small's fundamental ratios, stakeholders can gain valuable insights into Innovator Small's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Innovator Small 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 Small has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Innovator Small Cap generated a negative expected return over the last 90 days |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Innovator Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.