Innovation Etf Profile

EKAR
 Etf
  

USD 35.87  0.68  1.93%   

Market Performance
6 of 100
Odds Of Distress
Less than 41
Innovation Shares is selling at 35.87 as of the 12th of August 2022; that is 1.93 percent up since the beginning of the trading day. The etf's lowest day price was 35.55. Innovation Shares has about a 41 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Innovation Shares Nextgen are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 13th of July 2022 and ending today, the 12th of August 2022. Click here to learn more.
The fund will normally invest at least 80 percent of its net assets in securities of the index. Innovation Shares is traded on NYSEArca Exchange in the United States. More on Innovation Shares Nextgen

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Innovation Shares 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. Innovation Shares' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Innovation Shares or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
The fund retains 99.74% of its assets under management (AUM) in equities
Thematic IdeaTech Funds (view all)
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 Innovation Shares' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
IssuerExchange Traded Concepts
Inception Date2018-02-13
BenchmarkGlobal Green Energy Transport and Technology Leaders Index
Entity TypeRegulated Investment Company
Asset Under Management7.93 Million
Average Trading Valume675
Asset TypeEquity
CategoryStrategy
FocusTheme
Market ConcentrationBlended Development
RegionGlobal
AdministratorSEI Investments Global Funds Services
AdvisorExchange Traded Concepts, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorSEI Investments Distribution Co.
Portfolio ManagerDustin Lewellyn, Ernesto Tong, Anand Desai
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-May
ExchangeNYSE Arca, Inc.
Number of Constituents80.0
Market MakerJane Street
Total Expense0.95
Management Fee0.95
Nav Price34.37
Two Hundred Day Average37.66
Ytd-21.11%
Average Daily Volume In Three Month966
Fifty Two Week Low30.79
As Of Date22nd of July 2022
Average Daily Volume Last 10 Day910
Fifty Two Week High46.01
One Month1.84%
Fifty Day Average33.43
Three Month-1.83%
Beta In Three Year1.28
Innovation Shares Nextgen [EKAR] is traded in USA and was established 2018-02-09. The fund is listed under Technology category and is part of Innovation Shares family. The entity is thematically classified as Tech Funds. Innovation Shares Nextgen currently have 7.23 M in assets under management (AUM). , while the total return for the last 3 years was 19.56%.
Check Innovation Shares Probability Of Bankruptcy

Geographic Allocation (%)

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 Innovation Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Innovation 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 Innovation Shares Nextgen 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.

Innovation Shares Nextgen Currency Exposure (%)

Top Innovation Shares Nextgen Constituents

Innovation Shares Target Price Odds Analysis

What are Innovation Shares' target price odds to finish over the current price? In regard to a normal probability distribution, the odds of Innovation Shares jumping above the current price in 90 days from now is nearly 4.69%. The Innovation Shares Nextgen probability density function shows the probability of Innovation Shares etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.2434 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Innovation Shares will likely underperform. Additionally, the company has an alpha of 0.1138, implying that it can generate a 0.11 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 35.87HorizonTargetOdds Above 35.87
95.24%90 days
 35.87 
4.69%
Based on a normal probability distribution, the odds of Innovation Shares to move above the current price in 90 days from now is nearly 4.69 (This Innovation Shares Nextgen probability density function shows the probability of Innovation Etf to fall within a particular range of prices over 90 days) .

Innovation Shares Nextgen Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Innovation Shares market risk premium is the additional return an investor will receive from holding Innovation Shares 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 Innovation Shares. 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 Innovation Shares' alpha and beta are two of the key measurements used to evaluate Innovation Shares' performance over the market, the standard measures of volatility play an important role as well.

Innovation Shares Nextgen Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Innovation Shares Nextgen Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Innovation Shares price patterns.
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Innovation Shares Against Markets

Picking the right benchmark for Innovation Shares 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 Innovation Shares 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 Innovation Shares is critical whether you are bullish or bearish towards Innovation Shares Nextgen at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Innovation Shares without increasing your portfolio risk or giving up 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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Invested in Innovation Shares Nextgen?

You need to understand the risk of investing before taking a position in Innovation Shares. The danger of trading Innovation Shares Nextgen 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 Innovation Shares 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 Innovation Shares. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Innovation Shares Nextgen 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.
Continue to Investing Opportunities. Note that the Innovation Shares Nextgen information on this page should be used as a complementary analysis to other Innovation Shares' 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 Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Innovation Etf analysis

When running Innovation Shares Nextgen price analysis, check to measure Innovation Shares' 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 Innovation Shares is operating at the current time. Most of Innovation Shares' value examination focuses on studying past and present price action to predict the probability of Innovation Shares' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Innovation Shares' price. Additionally, you may evaluate how the addition of Innovation Shares to your portfolios can decrease your overall portfolio volatility.
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The market value of Innovation Shares Nextgen is measured differently than its book value, which is the value of Innovation that is recorded on the company's balance sheet. Investors also form their own opinion of Innovation Shares' value that differs from its market value or its book value, called intrinsic value, which is Innovation Shares' 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 Innovation Shares' market value can be influenced by many factors that don't directly affect Innovation Shares' 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 Innovation Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine Innovation Shares value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovation Shares' 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.