Innovation Shares Risk Analysis And Volatility

EKAR -- USA Etf  

USD 20.43  0.42  2.10%

Macroaxis considers Innovation Shares to be not too volatile. Innovation Shares holds Efficiency (Sharpe) Ratio of -0.0172 which attests that the entity had -0.0172% of return per unit of risk over the last 3 months. Macroaxis philosophy towards determining risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Innovation Shares exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Innovation Shares Market Risk Adjusted Performance of 0.3524, Risk Adjusted Performance of 0.0697 and Downside Deviation of 1.04 to validate risk estimate we provide.

90 Days Market Risk

Not too volatile

Chance of Distress in 24 months

High

90 Days Economic Sensitivity

Barely shadows market
Horizon     30 Days    Login   to change

Innovation Shares Market Sensitivity

As returns on market increase, Innovation Shares returns are expected to increase less than the market. However during bear market, the loss on holding Innovation Shares will be expected to be smaller as well.
3 Months Beta |Analyze Innovation Shares Demand Trend
Check current 30 days Innovation Shares correlation with market (DOW)
β = 0.1102

Innovation Shares Central Daily Price Deviation

Innovation Shares Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Innovation Shares Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Innovation Shares Projected Return Density Against Market

Given the investment horizon of 30 days, Innovation Shares has beta of 0.1102 suggesting as returns on market go up, Innovation Shares average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Innovation Shares NextGen Vehic will be expected to be much smaller as well. Moreover, The company has an alpha of 0.0403 implying that it can potentially generate 0.0403% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of Innovation Shares is -5823.92. The daily returns are destributed with a variance of 1.39 and standard deviation of 1.18. The mean deviation of Innovation Shares NextGen Vehic is currently at 0.89. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
α
Alpha over DOW
=0.0403
β
Beta against DOW=0.11
σ
Overall volatility
=0.00
Ir
Information ratio =0.1

Innovation Shares Return Volatility

the ETF inherits 0.0% risk (volatility on return distribution) over the 30 days horizon. the entity inherits 0.9886% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Innovation Shares Investment Opportunity

Innovation Shares NextGen Vehic has a volatility of 1.18 and is 1.19 times more volatile than DOW. 10  of all equities and portfolios are less risky than Innovation Shares. Compared to the overall equity markets, volatility of historical daily returns of Innovation Shares NextGen Vehic is lower than 10 () of all global equities and portfolios over the last 30 days. Use Innovation Shares NextGen Vehic to enhance returns of your portfolios. The etf experiences unexpected upward trend. Watch out for market signals. Check odds of Innovation Shares to be traded at $24.52 in 30 days. . As returns on market increase, Innovation Shares returns are expected to increase less than the market. However during bear market, the loss on holding Innovation Shares will be expected to be smaller as well.

Innovation Shares correlation with market

correlation synergy
Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding Innovation Shares NextGen Vehi and equity matching DJI index in the same portfolio.

Innovation Shares Current Risk Indicators

Innovation Shares Suggested Diversification Pairs

Additionally see Investing Opportunities. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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