Innovator Growth 100 Power Etf Performance
| NAUG Etf | USD 25.87 0.03 0.12% |
The etf retains a Market Volatility (i.e., Beta) of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Innovator Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovator Growth is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Innovator Growth 100 Power are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable basic indicators, Innovator Growth is not utilizing all of its potentials. The recent stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
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Innovator Growth Relative Risk vs. Return Landscape
If you would invest 2,455 in Innovator Growth 100 Power on September 12, 2024 and sell it today you would earn a total of 132.00 from holding Innovator Growth 100 Power or generate 5.38% return on investment over 90 days. Innovator Growth 100 Power is currently generating 0.0841% in daily expected returns and assumes 0.4372% risk (volatility on return distribution) over the 90 days horizon. In different words, 3% 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 Growth Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovator Growth's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Innovator Growth 100 Power, and traders can use it to determine the average amount a Innovator Growth'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 = 0.1924
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Estimated Market Risk
| 0.44 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Innovator Growth is performing at about 15% 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 Growth by adding it to a well-diversified portfolio.
Innovator Growth Fundamentals Growth
Innovator Etf prices reflect investors' perceptions of the future prospects and financial health of Innovator Growth, and Innovator Growth fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Innovator Etf performance.
| Return On Asset | -12.04 | |||
| Profit Margin | (51.56) % | |||
| Operating Margin | (22.93) % | |||
| Current Valuation | 14.67 M | |||
| Shares Outstanding | 9.38 M | |||
| Price To Sales | 0.07 X | |||
| Revenue | 4.08 M | |||
| EBITDA | (918.02 K) | |||
| Cash And Equivalents | 30.49 K | |||
| Total Debt | 14.4 M | |||
| Book Value Per Share | (1.06) X | |||
| Cash Flow From Operations | (1.56 M) | |||
| Earnings Per Share | (0.22) X | |||
| Total Asset | 26 K | |||
| Retained Earnings | (4.66 M) | |||
| Current Liabilities | 9 K |
About Innovator Growth Performance
By analyzing Innovator Growth's fundamental ratios, stakeholders can gain valuable insights into Innovator Growth's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Innovator Growth 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 Growth has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NowAuto Group, Inc. operates as a retailer in the used vehicle market of the United States.| Innovator Growth 100 Power currently holds 14.4 M in liabilities. Innovator Growth 100 has a current ratio of 0.32, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Innovator Growth until it has trouble settling it off, either with new capital or with free cash flow. So, Innovator Growth's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Innovator Growth 100 sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Innovator to invest in growth at high rates of return. When we think about Innovator Growth's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 4.08 M. Net Loss for the year was (2.1 M) with profit before overhead, payroll, taxes, and interest of 2.95 M. | |
| Innovator Growth 100 Power currently holds about 30.49 K in cash with (1.56 M) of positive cash flow from operations. |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Innovator Growth 100 Power. 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of Innovator Growth 100 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 Growth's value that differs from its market value or its book value, called intrinsic value, which is Innovator Growth'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 Growth's market value can be influenced by many factors that don't directly affect Innovator Growth'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 Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator Growth'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.