Innovator Etf Profile

Innovator is selling for 24.47 as of the 16th of September 2021. This is a No Change since the beginning of the trading day. The etf's lowest day price was 24.47. Equity ratings for Innovator 20 Yr are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of September 2019 and ending today, the 16th of September 2021. Click here to learn more.

Innovator Etf Profile

Innovator 20 Yr is not yet fully synchronised with the market data
Legal NameInnovator 20 Yr
Macroaxis Advice
Unlike general analyst consensus, Macroaxis 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
Not RatedFairly Valued
IssuerInnovator Capital Management
DescriptionInnovator 20+ Year Treasury Bond 9 Buffer ETF - July
Inception Date2020-08-18
BenchmarkNot Applicable
Entity TypeRegulated Investment Company
Asset Under Management2.45 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
Total Expense0.79
Management Fee0.79
Fifty Two Week Low24.96
Fifty Two Week High25.07
Innovator 20 Yr [TBJL] is traded in USA and was established null. The fund is not categorized under any group at this time. The fund at this time have in assets.
Check Innovator Probability Of Bankruptcy

Innovator Target Price Odds Analysis

What are Innovator's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Innovator jumping above the current price in 90 days from now is roughly 2.81%. The Innovator 20 Yr 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 20 Yr has a beta of -0.1413. This usually implies as returns on benchmark increase, returns on holding Innovator are expected to decrease at a much lower rate. During the bear market, however, Innovator 20 Yr is likely to outperform the market. Additionally, the company has an alpha of 0.0289, implying that it can generate a 0.0289 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 24.47HorizonTargetOdds Up 24.47 
96.81%90 days
 24.47 
2.81%
Based on a normal probability distribution, the odds of Innovator to move above the current price in 90 days from now is roughly 2.81 (This Innovator 20 Yr probability density function shows the probability of Innovator Etf to fall within a particular range of prices over 90 days) .

Innovator Major Institutional Holders

Institutional Holdings refers to the ownership stake in Innovator that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Innovator's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Innovator's value.
InstituionSecurity TypeTotal SharesValue
Concourse Financial Group Securities IncFund Units0.00.0
View Innovator Diagnostics

Innovator 20 Yr 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 Yr at a given time.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Innovator etf to make a market-neutral strategy. Peer analysis of Innovator could also be used in its relative valuation, which is a method of valuing Innovator by comparing valuation metrics with similar companies.
Additionally, take a look at World Market Map. Note that the Innovator 20 Yr 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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for Innovator Etf analysis

When running Innovator 20 Yr 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.
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Fund Screener
Find activelly-traded funds from around the world traded on over 30 global exchanges
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
The market value of Innovator 20 Yr 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 20 Yr underlying business (such as 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.