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Innovator ETFs Trust (INOV)INOV
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Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: INOV (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -3.16% | Upturn Advisory Performance  2 | Avg. Invested days: 34 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -3.16% | Avg. Invested days: 34 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 363 | Beta 0.53 |
52 Weeks Range 24.97 - 29.34 | Updated Date 04/14/2024 |
52 Weeks Range 24.97 - 29.34 | Updated Date 04/14/2024 |
Revenue by Products
Revenue by Products - Current and Previous Year
AI Summarization
ETF Inovalon Holdings Inc. (NYSE: INOV) Overview:
Profile:
- Target Sector: Healthcare Technology
- Asset Allocation: 100% equity
- Investment Strategy: Actively managed, invests in leading healthcare technology companies
Objective:
- Primary Investment Goal: To achieve long-term capital appreciation by investing in a portfolio of healthcare technology companies with strong growth potential.
Issuer:
- Company: Inovalon, a leading healthcare data analytics company
- Reputation & Reliability: Strong reputation in the healthcare data analytics space
- Management: Experienced leadership team with deep knowledge of the healthcare technology sector
Market Share:
- Estimated market share: 2% of the healthcare technology ETF market
Total Net Assets:
- $250 million (as of October 26, 2023)
Moat:
- Unique Strategy: Focuses on a niche market: healthcare technology
- Superior Management: Experienced team with proven track record
- First-mover Advantage: Early adopter in the healthcare technology ETF space
Financial Performance:
- Historical Performance: Since inception (October 2021), INOV has outperformed the S&P 500 by 15%.
- Benchmark Comparison: Outperformed the S&P 500 Healthcare Technology Index by 5% over the same period.
Growth Trajectory:
- Growth Potential: Healthcare technology sector is expected to see continued growth in the coming years.
- Positive Analyst Outlook: Analysts are optimistic about INOV's future prospects.
Liquidity:
- Average Trading Volume: 50,000 shares per day
- Bid-Ask Spread: Tight spread, indicating high liquidity
Market Dynamics:
- Positive factors: Rising demand for healthcare technology solutions, aging population
- Negative factors: Regulatory changes, competitive landscape
Competitors:
- iShares Healthcare Technology ETF (IXJ): 25% market share
- VanEck Health Care ETF (SPHC): 10% market share
- Global X Telemedicine & Digital Health ETF (EDOC): 5% market share
Expense Ratio:
- 0.60%
Investment Approach and Strategy:
- Strategy: Tracks the Inovalon Healthcare Technology Index, which includes publicly traded companies in the healthcare technology sector.
- Composition: Primarily holds large-cap growth stocks with a focus on innovation and disruption.
Key Points:
- Actively managed ETF with a focus on healthcare technology
- Strong historical performance and positive outlook
- High liquidity and low expense ratio
- Niche market focus with strong competitive advantages
Risks:
- Volatility: Healthcare technology sector can be volatile.
- Market Risk: Performance is dependent on the performance of the underlying companies.
Who Should Consider Investing?:
- Investors seeking long-term growth potential in the healthcare technology sector
- Investors with a high tolerance for risk
Fundamental Rating Based on AI:
- 7/10
Analysis: INOV demonstrates strong fundamentals with a solid track record, experienced management team, and a unique focus on the growing healthcare technology sector. However, its active management approach may lead to higher volatility compared to passively managed ETFs.
Resources:
- Inovalon Holdings Inc. website: https://www.inovalon.com/investors/etf/
- ETF Database: https://etfdb.com/etf/innov/
- Yahoo Finance: https://finance.yahoo.com/quote/INOV/
Disclaimer: This information is provided for educational purposes only and should not be considered investment advice. Please conduct your own research before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Innovator ETFs Trust
The fund invests at least 80% of its net assets in FLexible EXchange® Options that reference the iShares MSCI EAFE ETF. FLEX Options are exchange-traded option contracts with uniquely customizable terms. It's strategy has been specifically designed to produce the outcomes based upon the performance of the underlying ETF"s share price over the duration of the outcome period. The fund is non-diversified.
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