Innovator Etf Profile

TBJL -  USA Etf  

USD 21.06  0.17  0.80%

Market Performance
0 of 100
Odds Of Distress
Less than 1
Innovator is selling for 21.06 as of the 17th of May 2022. This is a -0.8 percent decrease since the beginning of the trading day. The etf's lowest day price was 21.06. Innovator has a very small 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 Yr are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of April 2022 and ending today, the 17th of May 2022. Click here to learn more.
The investment seeks to provide investors with returns that match the price return of the iShares 20 Year Treasury Bond ETF, up to the upside cap of 9.00 percent and 8.21 percent while providing a buffer against the first 9 percent of iShares 20 Year Treasury Bond ETF losses, over the period from July 1, 2021 to June 30, 2022. More on Innovator 20 Yr

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. If you consider yourself one of those investors, make sure you clearly understand your entering position. 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.
Innovator 20 Yr generated a negative expected return over the last 90 days
Innovator 20 Yr is unlikely to experience financial distress in the next 2 years
The fund maintains about 99.83% of its assets in bonds
Thematic Classifications
Active investing themes Innovator currently participates. An investing theme is an unweighted collection of funds, stocks, ETFs or cryptocurrencies
(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 Innovator's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
IssuerInnovator Capital Management
DescriptionInnovator 20+ Year Treasury Bond 9 Buffer ETF - July
Inception Date2020-08-18
BenchmarkNot Applicable
Entity TypeRegulated Investment Company
Asset Under Management5.92 Million
Asset TypeFixed Income
CategoryU.S. Government
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
Nav Price24.36
Two Hundred Day Average23.75
Average Daily Volume In Three Month1.65k
Fifty Two Week Low20.81
As Of Date30th of June 2021
Average Daily Volume Last 10 Day2k
Fifty Two Week High24.79
One Month4.01%
Fifty Day Average22.44
Three Month6.48%
Innovator 20 Yr [TBJL] is traded in USA and was established 2020-08-17. The fund is listed under Long Government category and is part of Innovator ETFs family. The entity is thematically classified as Munis. Innovator 20 Yr at this time have 3 M in assets.
Check Innovator Probability Of Bankruptcy

Innovator Target Price Odds Analysis

What are Innovator's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Innovator jumping above the current price in 90 days from now is roughly 96.0%. The Innovator 20 Yr 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 0.0224. 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 Yr 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 Yr is significantly underperforming DOW.
  Odds Below 21.06HorizonTargetOdds Above 21.06
3.52%90 days
Based on a normal probability distribution, the odds of Innovator to move above the current price in 90 days from now is roughly 96.0 (This Innovator 20 Yr probability density function shows the probability of Innovator Etf to fall within a particular range of prices over 90 days) .

Innovator 20 Yr 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 20 Yr Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. Innovator 20 Yr Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Innovator price patterns.

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 Yr at a given time.

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 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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Investing Innovator 20 Yr

You need to understand the risk of investing before taking a position in Innovator. The danger of trading Innovator 20 Yr 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 Yr 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.
Additionally, take a look at World Market Map. Note that the Innovator 20 Yr information on this page should be used as a complementary analysis to other Innovator's 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Innovator 20 Yr 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 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 Yr 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 Innovator value 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.