Innovator Sp 500 Etf Profile

BOCT Etf  USD 40.46  0.10  0.25%   

Performance

20 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Innovator is selling for under 40.46 as of the 28th of March 2024; that is 0.25 percent increase since the beginning of the trading day. The etf's last reported lowest price was 40.34. Innovator has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Innovator SP 500 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
The fund invests at least 80 percent of its net assets in FLexible EXchange Options that reference the SPDR SP 500 ETF Trust. Innovator is traded on BATS Exchange in the United States. More on Innovator SP 500

Moving together with Innovator Etf

  0.98BUFR First Trust CboePairCorr
  1.0BUFD FT Cboe VestPairCorr
  1.0PSEP Innovator SP 500PairCorr
  0.98PJAN Innovator SP 500PairCorr
  0.99ACIO Aptus Collared mePairCorr
  1.0PJUL Innovator SP 500PairCorr

Moving against Innovator Etf

  0.93CCOR Core Alternative ETFPairCorr
  0.8WTID UBS ETRACS -PairCorr

Innovator Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Innovator's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Innovator or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Business ConcentrationLarge Cap ETFs, Size And Style ETFs, Options Trading, Innovator ETFs (View all Sectors)
IssuerInnovator Capital Management
Inception Date2018-10-01
Entity TypeRegulated Investment Company
Asset Under Management177.67 Million
Average Trading Valume9,106
Asset TypeEquity
CategorySize and Style
FocusLarge Cap
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorInnovator Capital Management, LLC
CustodianU.S. Bank, N.A.
DistributorForeside Fund Services, LLC
Portfolio ManagerRobert T. Cummings, Daniel S. Hare, Hayley M. Peppers
Transfer AgentU.S. Bank, N.A.
Fiscal Year End30-Jun
ExchangeCboe BZX Exchange, Inc.
Number of Constituents5.0
Market MakerWolverine Trading
Total Expense0.79
Management Fee0.79
Country NameUSA
Returns Y T D4.9
NameInnovator SP 500 Buffer October
Currency CodeUSD
Open FigiBBG00M4NZ5C3
In Threey Volatility11.42
1y Volatility10.26
200 Day M A37.3865
50 Day M A39.6358
CodeBOCT
Updated At27th of March 2024
Currency NameUS Dollar
In Threey Sharp Ratio0.64
Innovator SP 500 [BOCT] is traded in USA and was established 2018-09-28. The fund is listed under Options Trading category and is part of Innovator ETFs family. The entity is thematically classified as Large Cap ETFs. Innovator SP 500 currently have 84.31 M in assets under management (AUM). , while the total return for the last 3 years was 9.0%.
Check Innovator Probability Of Bankruptcy

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Innovator Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Innovator Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Innovator SP 500 Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Innovator SP 500 Etf Constituents

Option on S&P 500 PR0.07%
Option On Spdr® S&P 500 Etf Trust Sep221.5700001%
Option on CBOE Mini-Spx Index Xsp0.11%

Innovator Target Price Odds Analysis

Attributed to a normal probability distribution, the odds of Innovator jumping above the current price in 90 days from now is about 5.97%. The Innovator SP 500 probability density function shows the probability of Innovator etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Innovator has a beta of 0.4401 suggesting as returns on the market go up, Innovator average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Innovator SP 500 will be expected to be much smaller as well. Additionally, innovator SP 500 has an alpha of 0.0201, implying that it can generate a 0.0201 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 40.46HorizonTargetOdds Above 40.46
93.85%90 days
 40.46 
5.97%
Based on a normal probability distribution, the odds of Innovator to move above the current price in 90 days from now is about 5.97 (This Innovator SP 500 probability density function shows the probability of Innovator Etf to fall within a particular range of prices over 90 days) .

Innovator Top Holders

Innovator SP 500 Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Innovator market risk premium is the additional return an investor will receive from holding Innovator long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Innovator. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Innovator's alpha and beta are two of the key measurements used to evaluate Innovator's performance over the market, the standard measures of volatility play an important role as well.

Innovator Against Markets

Picking the right benchmark for Innovator etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Innovator etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Innovator is critical whether you are bullish or bearish towards Innovator SP 500 at a given time. Please also check how Innovator's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Innovator without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Innovator Etf?

Before investing in Innovator, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Innovator. To buy Innovator etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Innovator. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Innovator etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Innovator SP 500 etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Innovator SP 500 etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Innovator SP 500, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Innovator Etf please use our How to Invest in Innovator guide.

Already Invested in Innovator SP 500?

The danger of trading Innovator SP 500 is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Innovator is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Innovator. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Innovator SP 500 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Innovator SP 500 is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Innovator Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Innovator Sp 500 Etf. Highlighted below are key reports to facilitate an investment decision about Innovator Sp 500 Etf:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Innovator SP 500. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Innovator SP 500 information on this page should be used as a complementary analysis to other Innovator's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Innovator Etf analysis

When running Innovator's price analysis, check to measure Innovator's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innovator is operating at the current time. Most of Innovator's value examination focuses on studying past and present price action to predict the probability of Innovator's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovator's price. Additionally, you may evaluate how the addition of Innovator to your portfolios can decrease your overall portfolio volatility.
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The market value of Innovator SP 500 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's value that differs from its market value or its book value, called intrinsic value, which is Innovator'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's market value can be influenced by many factors that don't directly affect Innovator'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovator is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovator'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.