Innovator Etf Profile

TBJL Etf  USD 20.45  0.02  0.1%   
Market Performance
12 of 100
Odds Of Distress
Less than 34
Innovator is selling for 20.45 as of the 27th of January 2023. This is a 0.1 percent up since the beginning of the trading day. The etf's lowest day price was 20.4. Innovator has about a 34 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Innovator 20 Year are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2022 and ending today, the 27th of January 2023. Click here to learn more.
The fund invests at least 80 percent of its net assets in FLexible EXchange Options that reference the iShares 20 Year Treasury Bond ETF . Innovator is traded on BATS Exchange in the United States. More on Innovator 20 Year

Moving together with Innovator

+0.98IEFIShares 7-10 Year Sell-off TrendPairCorr
+1.0SPTLSPDR Barclays Long Sell-off TrendPairCorr
+0.62SPYSPDR SP 500 Aggressive PushPairCorr
+0.98BNDVanguard Total Bond Sell-off TrendPairCorr

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 IdeaGovernment (view all)
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Innovator's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
IssuerInnovator Capital Management
Inception Date2020-08-18
BenchmarkNot Applicable
Entity TypeRegulated Investment Company
Asset Under Management53.12 Million
Asset TypeFixed Income
CategoryU.S. Government
FocusTreasury
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
Transfer AgentU.S. Bank, N.A.
Fiscal Year End31-Oct
ExchangeCboe BZX Exchange, Inc.
Number of Constituents5.0
Market MakerVirtu Financial
Total Expense0.79
Management Fee0.79
Nav Price18.68
Two Hundred Day Average21.13
Ytd-24.61%
Average Daily Volume In Three Month26.68k
Fifty Two Week Low18.12
As Of Date25th of October 2022
Average Daily Volume Last 10 Day9.34k
Fifty Two Week High24.79
One Month-6.98%
Fifty Day Average19.22
Three Month-13.50%
Innovator 20 Year [TBJL] is traded in USA and was established 2020-08-17. The fund is listed under Long Government category and is part of Innovator ETFs family. The entity is thematically classified as Government. Innovator 20 Year at this time have 6.83 M in assets. , while the total return for the last year was -23.34%.
Check Innovator Probability Of Bankruptcy

Top Innovator 20 Year Etf Constituents

TLT 06/30/2022 131.36 P0.13%
Cash & Other0.13%
TLT 06/30/2022 1.15 C94.1%
TLT 06/30/2022 157.34 C0.13%
TLT 06/30/2022 144.35 P9.18%

Innovator Target Price Odds Analysis

Based on a normal probability distribution, the odds of Innovator jumping above the current price in 90 days from now is about 13.6%. The Innovator 20 Year 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 0.1511. This usually implies 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 20 Year will be expected to be much smaller as well. Additionally, the company has an alpha of 0.1375, implying that it can generate a 0.14 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 20.45HorizonTargetOdds Above 20.45
86.22%90 days
 20.45 
13.60%
Based on a normal probability distribution, the odds of Innovator to move above the current price in 90 days from now is about 13.6 (This Innovator 20 Year probability density function shows the probability of Innovator Etf to fall within a particular range of prices over 90 days) .

Innovator 20 Year 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 20 Year at a given time.

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.

Did you try this?

Run Fundamentals Comparison Now

   

Fundamentals Comparison

Compare fundamentals across multiple equities to find investing opportunities
All  Next Launch Module

Invested in Innovator 20 Year?

The danger of trading Innovator 20 Year 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 Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Innovator 20 Year 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.
Additionally, take a look at World Market Map. You can also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for analysis

When running Innovator 20 Year 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 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.
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Transaction History
View history of all your transactions and understand their impact on performance
Money Managers
Screen money managers from public funds and ETFs managed around the world
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
The market value of Innovator 20 Year 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 Innovator value 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.