Inovalon Holdings Etf Profile
| INOV Etf | USD 27.58 0.22 0.80% |
Performance5 of 100
| Odds Of DistressLess than 9
|
Inovalon Holdings is selling for under 27.58 as of the 23rd of April 2024; that is 0.80 percent increase since the beginning of the trading day. The etf's lowest day price was 27.58. Inovalon Holdings has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Inovalon Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 12th of February 2015 | Classification Health Care |
Inovalon Holdings, Inc. provides cloud-based platforms for data-driven healthcare. Inovalon Holdings, Inc. was founded in 1998 and is headquartered in Bowie, Maryland. Inovalon Hlds operates under Health Information Services classification in the United States and is traded on NASDAQ Exchange. The company has 77.17 M outstanding shares of which 4.45 M shares are currently shorted by private and institutional investors with about 6.78 trading days to cover. More on Inovalon Holdings
Moving together with Inovalon Etf
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Moving against Inovalon Etf
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| 0.81 | VERO | Venus Concept Financial Report 20th of May 2024 | PairCorr |
| 0.77 | OM | Outset MedicalInc Financial Report 1st of May 2024 | PairCorr |
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| 0.68 | DRIO | DarioHealth Corp Financial Report 9th of May 2024 | PairCorr |
| 0.65 | DYNT | Dynatronics Financial Report 9th of May 2024 | PairCorr |
Inovalon 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. Inovalon Holdings' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Inovalon Holdings or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman of the Board, CEO | Keith Dunleavy |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Health Care Technology, Health Care Equipment & Services, Health Care, NASDAQ Composite Total, Jakarta Stock Exchange, Developed Markets Basket ETFs, Strategy ETFs, Health Care, Health Care Technology, Health Information Services, Healthcare (View all Sectors) |
| Average Analyst Recommendation Analysts covering Inovalon Holdings report their recommendations after researching Inovalon Holdings' financial statements, talking to executives and customers, or listening in on Inovalon Holdings' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Inovalon Holdings. The Inovalon consensus assessment is calculated by taking the average forecast from all of the analysts covering Inovalon Holdings. | |
| Issuer | Innovator Capital Management |
| Inception Date | 2023-11-01 |
| Benchmark | iShares MSCI EAFE ETF |
| Entity Type | Regulated Investment Company |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Developed Markets Basket |
| Market Concentration | Developed Markets |
| Region | Global ex-North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Innovator Capital Management, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Robert Cummings, Yin Bhuyan |
| Transfer Agent | U.S. Bank, N.A. |
| Fiscal Year End | December |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 5.0 |
| Market Maker | Susquehanna |
| Total Expense | 0.85 |
| Management Fee | 0.85 |
| Tax Provision | (7.12 Million) |
| Logo U R L | imglogosUSINOV.png |
| Total Current Liabilities | 164.28 Million |
| Total Stockholder Equity | 708.71 Million |
| Currency Code | USD |
| Stock Based Compensation | 30.53 Million |
| Property Plant And Equipment Net | 203.47 Million |
| Begin Period Cash Flow | 93.09 Million |
| Total Cashflows From Investing Activities | (86.61 Million) |
| Net Debt | 773.42 Million |
| Accounts Payable | 53 Million |
| Cash | 123.88 Million |
| Other Operating Expenses | 595.81 Million |
| Non Current Assets Total | 1.65 Billion |
Inovalon Holdings [INOV] is traded in USA and was established null. Inovalon Holdings is listed under Health Care Technology category by Fama And French industry classification. The fund is listed under Health Care category and is part of Health Care Technology family. The entity is thematically classified as Developed Markets Basket ETFs. Inovalon Holdings currently have 1.97 B in assets under management (AUM).
Inovalon Holdings currently holds about 128.63 M in cash with 146.36 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.82.
Check Inovalon Holdings Probability Of Bankruptcy
Inovalon Holdings Target Price Odds Analysis
Depending on a normal probability distribution, the odds of Inovalon Holdings jumping above the current price in 90 days from now is about 39.88%. The Inovalon Holdings probability density function shows the probability of Inovalon Holdings etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Inovalon Holdings has a beta of 0.4514. This usually indicates as returns on the market go up, Inovalon Holdings average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Inovalon Holdings will be expected to be much smaller as well. Additionally, inovalon Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Inovalon Holdings to move above the current price in 90 days from now is about 39.88 (This Inovalon Holdings probability density function shows the probability of Inovalon Etf to fall within a particular range of prices over 90 days) .
Inovalon Holdings Top Holders
| CSCVX | Cornercap Small Cap Value | Mutual Fund | Small Value |
| PSJ | Invesco | Etf | Technology |
| RHJMX | Rice Hall James | Mutual Fund | Small Growth |
| CSCJX | Cornercap Small Cap Value | Mutual Fund | Small Value |
| FKICX | Fidelity Small Cap | Mutual Fund | Small Blend |
| FSLCX | Fidelity Small Cap | Mutual Fund | Small Blend |
| JSJAX | Small Cap Growth | Mutual Fund | Small Growth |
Inovalon Holdings Major Institutional Holders
Institutional Holdings refers to the ownership stake in Inovalon Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Inovalon Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Inovalon Holdings' value.| Instituion | Recorded On | Shares | |
| Bessemer Investment Management Llc | 2023-12-31 | 0.0 |
Inovalon Holdings Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Inovalon Holdings market risk premium is the additional return an investor will receive from holding Inovalon Holdings 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 Inovalon Holdings. 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 Inovalon Holdings' alpha and beta are two of the key measurements used to evaluate Inovalon Holdings' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0679 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.12) |
Inovalon Holdings Against Markets
Picking the right benchmark for Inovalon Holdings 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 Inovalon Holdings 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 Inovalon Holdings is critical whether you are bullish or bearish towards Inovalon Holdings at a given time. Please also check how Inovalon Holdings' historical prices are related to one of the top price index indicators.
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| All Next | Launch Module |
How to buy Inovalon Etf?
Before investing in Inovalon Holdings, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Inovalon Holdings. To buy Inovalon Holdings etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Inovalon Holdings. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Inovalon Holdings etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Inovalon Holdings etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Inovalon Holdings etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Inovalon Holdings, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Inovalon Holdings?
The danger of trading Inovalon Holdings 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 Inovalon Holdings 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 Inovalon Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Inovalon Holdings 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inovalon Holdings. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Inovalon Etf please use our How to Invest in Inovalon Holdings guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
The market value of Inovalon Holdings is measured differently than its book value, which is the value of Inovalon that is recorded on the company's balance sheet. Investors also form their own opinion of Inovalon Holdings' value that differs from its market value or its book value, called intrinsic value, which is Inovalon Holdings' 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 Inovalon Holdings' market value can be influenced by many factors that don't directly affect Inovalon Holdings' 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 Inovalon Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Inovalon Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inovalon Holdings' 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.