Innovator Etfs Trust Etf Profile
| XDJA Etf | USD 25.60 0.21 0.83% |
Performance3 of 100
| Odds Of DistressLess than 9
|
Innovator ETFs is trading at 25.60 as of the 23rd of April 2024, a 0.83% increase since the beginning of the trading day. The etf's open price was 25.39. Innovator ETFs has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Innovator ETFs Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of February 2024 and ending today, the 23rd of April 2024. Click here to learn more.
The fund will invest at least 80 percent of its net assets in a portfolio of FLexible EXchange Options that reference the SPDR SP 500 ETF Trust , an exchange-traded fund registered under the Investment Company Act of 1940 . Innovator is traded on BATS Exchange in the United States.. More on Innovator ETFs Trust
Moving together with Innovator Etf
| 0.99 | BUFR | First Trust Cboe | PairCorr |
| 0.98 | BUFD | FT Cboe Vest | PairCorr |
| 0.99 | PSEP | Innovator SP 500 | PairCorr |
| 1.0 | PJAN | Innovator SP 500 | PairCorr |
| 0.99 | ACIO | Aptus Collared me | PairCorr |
| 0.99 | PJUL | Innovator SP 500 | PairCorr |
Moving against Innovator Etf
| 0.74 | CCOR | Core Alternative ETF | 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 ETFs' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Innovator ETFs 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 Concentration | Large Cap ETFs, Size And Style ETFs, Options Trading, Innovator ETFs (View all Sectors) |
| Issuer | Innovator Capital Management |
| Inception Date | 2022-01-03 |
| Benchmark | SPDR S&P 500 ETF Trust |
| Entity Type | Regulated Investment Company |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Innovator Capital Management, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Robert T. Cummings, Yin Bhuyan |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 31-Oct |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 4.0 |
| Market Maker | Wolverine Trading |
| Total Expense | 0.79 |
| Management Fee | 0.79 |
| Country Name | USA |
| Returns Y T D | 4.52 |
| Currency Code | USD |
| 1y Volatility | 8.07 |
| 200 Day M A | 24.2992 |
| 50 Day M A | 25.8321 |
| Code | XDJA |
| Updated At | 23rd of April 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Innovator ETFs Trust [XDJA] is traded in USA and was established 2021-12-31. 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 ETFs Trust at this time have 3.67 M in net assets. , while the total return for the last year was 18.2%.
Check Innovator ETFs 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 ETFs Trust 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.
Innovator ETFs Target Price Odds Analysis
What are Innovator ETFs' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Innovator ETFs jumping above the current price in 90 days from now is about 56.11%. The Innovator ETFs Trust probability density function shows the probability of Innovator ETFs etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Innovator ETFs has a beta of 0.6054. This entails as returns on the market go up, Innovator ETFs average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Innovator ETFs Trust will be expected to be much smaller as well. Additionally, innovator ETFs Trust has an alpha of 0.0016, implying that it can generate a 0.00163 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Innovator ETFs to move above the current price in 90 days from now is about 56.11 (This Innovator ETFs Trust probability density function shows the probability of Innovator Etf to fall within a particular range of prices over 90 days) .
Innovator ETFs Trust Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Innovator ETFs market risk premium is the additional return an investor will receive from holding Innovator ETFs 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 ETFs. 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 ETFs' alpha and beta are two of the key measurements used to evaluate Innovator ETFs' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.3596 | |||
| Semi Deviation | 0.3341 | |||
| Standard Deviation | 0.4637 | |||
| Variance | 0.2151 |
Innovator ETFs Trust Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Innovator ETFs Trust Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Innovator ETFs price patterns.
Innovator ETFs Against Markets
Picking the right benchmark for Innovator ETFs 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 ETFs 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 ETFs is critical whether you are bullish or bearish towards Innovator ETFs Trust at a given time. Please also check how Innovator ETFs' historical prices are related to one of the top price index indicators.
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How to buy Innovator Etf?
Before investing in Innovator ETFs, 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 ETFs. To buy Innovator ETFs etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Innovator ETFs. 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 ETFs etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Innovator ETFs Trust 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 ETFs Trust 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 ETFs Trust, 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 ETFs guide.
Already Invested in Innovator ETFs Trust?
The danger of trading Innovator ETFs Trust 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 ETFs 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 ETFs. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Innovator ETFs Trust 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 ETFs Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Innovator ETFs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Innovator Etfs Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Innovator Etfs Trust Etf: Check out Your Current Watchlist 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 tightly coupled with the direction of predictive economic indicators such as signals in inflation. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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.