Innovator Small Cap Etf Market Value
| KNOV Etf | 26.29 0.01 0.04% |
| 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 Vanguard Total, SPDR SP, IShares Core, Vanguard Total, Vanguard Value, Vanguard Growth, and Vanguard Mid. 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 | 0.4568 | |||
| Information Ratio | 0.1195 | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 1.07 |
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 | 0.2356 | |||
| Jensen Alpha | 0.1696 | |||
| Total Risk Alpha | 0.0931 | |||
| Sortino Ratio | 0.19 | |||
| Treynor Ratio | 0.6113 |
Innovator Small Cap Backtested Returns
Innovator Small appears to be very steady, given 3 months investment horizon. Innovator Small Cap holds Efficiency (Sharpe) Ratio of 0.3, which attests that the entity had a 0.3% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Innovator Small Cap, which you can use to evaluate the volatility of the entity. Please utilize Innovator Small's Market Risk Adjusted Performance of 0.6213, coefficient of variation of 323.68, and Risk Adjusted Performance of 0.2356 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.35, 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 | 0.67 |
Good predictability
Innovator Small Cap has good 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 0.67 indicates that around 67.0% of current Innovator Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
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 |
Thematic Opportunities
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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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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.