Innovator Sp 500 Etf Technical Analysis
| BAPR Etf | USD 38.82 0.16 0.41% |
As of the 17th of April 2024, Innovator retains the Market Risk Adjusted Performance of 0.0288, risk adjusted performance of 0.0235, and Downside Deviation of 0.458. Innovator technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Innovator SP 500, which can be compared to its competitors. Please check out Innovator SP 500 coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Innovator is priced fairly, providing market reflects its last-minute price of 38.82 per share.
Innovator Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Innovator, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to InnovatorInnovator |
Innovator technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Innovator SP 500 Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Innovator SP 500 volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Innovator SP 500 Trend Analysis
Use this graph to draw trend lines for Innovator SP 500. You can use it to identify possible trend reversals for Innovator as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Innovator price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Innovator Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Innovator SP 500 applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Innovator SP 500 will continue generating value for investors. It has 122 observation points and a regression sum of squares at 5.63, which is the sum of squared deviations for the predicted Innovator price change compared to its average price change.About Innovator Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Innovator SP 500 on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Innovator SP 500 based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Innovator SP 500 price pattern first instead of the macroeconomic environment surrounding Innovator SP 500. By analyzing Innovator's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Innovator's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Innovator specific price patterns or momentum indicators. Please read more on our technical analysis page.
Innovator April 17, 2024 Technical Indicators
Most technical analysis of Innovator help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Innovator from various momentum indicators to cycle indicators. When you analyze Innovator charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0235 | |||
| Market Risk Adjusted Performance | 0.0288 | |||
| Mean Deviation | 0.2288 | |||
| Semi Deviation | 0.3975 | |||
| Downside Deviation | 0.458 | |||
| Coefficient Of Variation | 1993.93 | |||
| Standard Deviation | 0.3485 | |||
| Variance | 0.1214 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0188 | |||
| Maximum Drawdown | 1.82 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.5815 | |||
| Downside Variance | 0.2097 | |||
| Semi Variance | 0.158 | |||
| Expected Short fall | (0.21) | |||
| Skewness | (0.70) | |||
| Kurtosis | 1.74 |
Innovator April 17, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Innovator stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 491.39 | ||
| Daily Balance Of Power | (0.37) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 38.92 | ||
| Day Typical Price | 38.89 | ||
| Price Action Indicator | (0.18) |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Innovator SP 500. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Innovator SP 500 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.