Innovator Etfs Trust Etf Technical Analysis
QTJA Etf | USD 25.05 0.01 0.04% |
As of the 15th of December 2024, Innovator ETFs retains the Market Risk Adjusted Performance of 0.2777, risk adjusted performance of 0.169, and Coefficient Of Variation of 389.38. Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of Innovator ETFs Trust, as well as the relationship between them.
Innovator ETFs Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Innovator, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to InnovatorInnovator |
Innovator ETFs 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.
Innovator ETFs Trust Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Innovator ETFs Trust volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Innovator ETFs Trust Trend Analysis
Use this graph to draw trend lines for Innovator ETFs Trust. You can use it to identify possible trend reversals for Innovator ETFs as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Innovator ETFs price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Innovator ETFs Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Innovator ETFs Trust applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Innovator ETFs Trust will continue generating value for investors. It has 122 observation points and a regression sum of squares at 8.25, which is the sum of squared deviations for the predicted Innovator ETFs price change compared to its average price change.About Innovator ETFs Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Innovator ETFs Trust on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Innovator ETFs Trust based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Innovator ETFs Trust price pattern first instead of the macroeconomic environment surrounding Innovator ETFs Trust. By analyzing Innovator ETFs's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Innovator ETFs's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Innovator ETFs specific price patterns or momentum indicators. Please read more on our technical analysis page.
Innovator ETFs December 15, 2024 Technical Indicators
Most technical analysis of Innovator help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Innovator from various momentum indicators to cycle indicators. When you analyze Innovator charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.169 | |||
Market Risk Adjusted Performance | 0.2777 | |||
Mean Deviation | 0.1904 | |||
Downside Deviation | 0.2688 | |||
Coefficient Of Variation | 389.38 | |||
Standard Deviation | 0.2664 | |||
Variance | 0.071 | |||
Information Ratio | (0.12) | |||
Jensen Alpha | 0.0387 | |||
Total Risk Alpha | 0.0253 | |||
Sortino Ratio | (0.12) | |||
Treynor Ratio | 0.2677 | |||
Maximum Drawdown | 1.53 | |||
Value At Risk | (0.41) | |||
Potential Upside | 0.53 | |||
Downside Variance | 0.0723 | |||
Semi Variance | (0.03) | |||
Expected Short fall | (0.24) | |||
Skewness | 0.2422 | |||
Kurtosis | 1.64 |
Check out Your Equity Center 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 inflation. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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.