Innovator 20 Year Etf Profile

TBJL Etf  USD 19.67  0.03  0.15%   

Performance

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Odds Of Distress

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Innovator is selling for 19.67 as of the 18th of March 2024. This is a -0.15 percent decrease since the beginning of the trading day. The etf's lowest day price was 19.67. Innovator has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over 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 March 2022 and ending today, the 18th 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 iShares 20 Year Treasury Bond ETF . Innovator is traded on BATS Exchange in the United States. More on Innovator 20 Year

Moving against Innovator Etf

  0.49PMAY Innovator SP 500PairCorr
  0.48PJAN Innovator SP 500PairCorr
  0.46DNOV FT Cboe VestPairCorr
  0.46SGG Barclays CapitalPairCorr
  0.45BUFR First Trust CboePairCorr
  0.45BUFD FT Cboe VestPairCorr
  0.45PSEP Innovator SP 500PairCorr

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 IdeaTreasury ETFs (View all Themes)
Business ConcentrationTreasury ETFs, Options Trading, Innovator ETFs (View all Sectors)
IssuerInnovator Capital Management
Inception Date2020-08-18
BenchmarkNot Applicable
Entity TypeRegulated Investment Company
Asset Under Management89.46 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
Country NameUSA
Returns Y T D(2.66)
NameInnovator 20 Year Treasury Bond Buffer ETF July
Currency CodeUSD
Open FigiBBG00WRDT1K5
In Threey Volatility11.64
1y Volatility13.42
200 Day M A19.5262
50 Day M A19.7477
CodeTBJL
Updated At18th of March 2024
Currency NameUS Dollar
In Threey Sharp Ratio(0.67)
Innovator 20 Year [TBJL] is traded in USA and was established 2020-08-17. The fund is listed under Options Trading category and is part of Innovator ETFs family. The entity is thematically classified as Treasury ETFs. Innovator 20 Year at this time have 6.83 M in assets. , while the total return for the last 3 years was -4.6%.
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

Proceeding from a normal probability distribution, the odds of Innovator jumping above the current price in 90 days from now is about 75.17%. 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 0.358. 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 a negative alpha, implying that the risk taken by holding this instrument is not justified. Innovator 20 Year is significantly underperforming NYSE Composite.
  Odds Below 19.67HorizonTargetOdds Above 19.67
24.18%90 days
 19.67 
75.17%
Based on a normal probability distribution, the odds of Innovator to move above the current price in 90 days from now is about 75.17 (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. 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 20 Year 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 20 Year 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 20 Year, 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 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.
When determining whether Innovator 20 Year is a strong investment it is important to analyze Innovator's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Innovator's future performance. For an informed investment choice regarding Innovator Etf, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Innovator 20 Year. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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 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 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.