Innovator Loup Frontier Etf Market Value
| LOUP Etf | USD 57.17 0.77 1.37% |
| Symbol | Innovator |
The market value of Innovator Loup Frontier 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 Loup's value that differs from its market value or its book value, called intrinsic value, which is Innovator Loup'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 Loup's market value can be influenced by many factors that don't directly affect Innovator Loup'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 Loup's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Loup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Loup'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 Loup '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 Loup'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 Loup.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Innovator Loup on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Innovator Loup Frontier or generate 0.0% return on investment in Innovator Loup over 30 days. Innovator Loup is related to or competes with First Trust, SPDR FactSet, Defiance Quantum, and SPDR Kensho. The fund will normally invest at least 80 percent of its net assets in the securities that comprise the index More
Innovator Loup 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 Loup'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 Loup Frontier upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.1811 | |||
| Maximum Drawdown | 7.54 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.86 |
Innovator Loup Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator Loup's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innovator Loup's standard deviation. In reality, there are many statistical measures that can use Innovator Loup historical prices to predict the future Innovator Loup's volatility.| Risk Adjusted Performance | 0.1849 | |||
| Jensen Alpha | 0.2542 | |||
| Total Risk Alpha | 0.1754 | |||
| Sortino Ratio | 0.1798 | |||
| Treynor Ratio | 0.3033 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innovator Loup'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 Loup Frontier Backtested Returns
Innovator Loup appears to be very steady, given 3 months investment horizon. Innovator Loup Frontier holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Innovator Loup Frontier, which you can use to evaluate the volatility of the entity. Please utilize Innovator Loup's Risk Adjusted Performance of 0.1849, downside deviation of 1.51, and Market Risk Adjusted Performance of 0.3133 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 1.19, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Innovator Loup will likely underperform.
Auto-correlation | 0.10 |
Insignificant predictability
Innovator Loup Frontier has insignificant predictability. Overlapping area represents the amount of predictability between Innovator Loup time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 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 Loup Frontier price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Innovator Loup price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Innovator Loup Frontier lagged returns against current returns
Autocorrelation, which is Innovator Loup 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 Loup's etf expected returns. We can calculate the autocorrelation of Innovator Loup returns to help us make a trade decision. For example, suppose you find that Innovator Loup 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 Loup 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 Loup etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innovator Loup etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innovator Loup etf over time.
Current vs Lagged Prices |
| Timeline |
Innovator Loup Lagged Returns
When evaluating Innovator Loup's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innovator Loup etf have on its future price. Innovator Loup 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 Loup autocorrelation shows the relationship between Innovator Loup etf current value and its past values and can show if there is a momentum factor associated with investing in Innovator Loup Frontier.
Regressed Prices |
| Timeline |
Pair Trading with Innovator Loup
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 Loup 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 Loup will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovator Etf
| 0.97 | VGT | Vanguard Information | PairCorr |
| 0.93 | XLK | Technology Select Sector | PairCorr |
| 0.96 | IYW | iShares Technology ETF | PairCorr |
Moving against Innovator Etf
| 0.95 | BITI | ProShares Trust | PairCorr |
| 0.79 | GREI | Goldman Sachs Future | PairCorr |
| 0.75 | HART | IQ Healthy Hearts | PairCorr |
| 0.46 | PRME | Prime Medicine, Common | PairCorr |
| 0.39 | SOXX | iShares Semiconductor ETF | PairCorr |
The ability to find closely correlated positions to Innovator Loup 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 Loup 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 Loup - 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 Loup Frontier to buy it.
The correlation of Innovator Loup 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 Loup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator Loup Frontier 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 Loup 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 Loup Correlation, Innovator Loup Volatility and Innovator Loup Alpha and Beta module to complement your research on Innovator Loup. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Innovator Loup 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.