(PJAN) Innovator SP500 Power - Overview
Etf: Options, Flex, S&P, ETF, Buffered
| Risk 5d forecast | |
|---|---|
| Volatility | 7.92% |
| Relative Tail Risk | 1.62% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.63 |
| Alpha | 0.44 |
| Character TTM | |
|---|---|
| Beta | 0.498 |
| Beta Downside | 0.526 |
| Drawdowns 3y | |
|---|---|
| Max DD | 10.49% |
| CAGR/Max DD | 1.25 |
Description: PJAN Innovator SP500 Power January 19, 2026
The Innovator S&P 500 Power Buffer – January (BATS:PJAN) is an ETF that allocates at least 80 % of its net assets to Flexible Exchange® Options linked to the SPDR S&P 500 ETF (SPY). These customized options are designed to provide a defined-outcome profile, typically delivering upside participation up to a set cap while limiting downside losses to a predefined buffer. The fund is classified as non-diversified, meaning its risk is concentrated in this single strategy.
Key quantitative drivers to watch include the fund’s expense ratio (currently around 0.70 %), the buffer size (often 10 % of the index’s decline) and the upside cap (commonly 15 % of index gains). Performance is highly sensitive to equity market volatility (VIX) and the shape of the implied volatility surface, because the option premiums-and thus the buffer’s effectiveness-are priced off those inputs. Macro-level factors such as U.S. GDP growth, Federal Reserve interest-rate policy, and earnings momentum in the large-cap sector (which dominates the S&P 500) are primary economic levers that will move the underlying SPY and, by extension, PJAN’s outcomes.
For a deeper quantitative breakdown, you might explore ValueRay’s analytics platform to see how the buffer and cap mechanics have behaved across past market cycles.
What is the price of PJAN shares?
Over the past week, the price has changed by -0.02%, over one month by +0.19%, over three months by +3.16% and over the past year by +10.34%.
Is PJAN a buy, sell or hold?
What are the forecasts/targets for the PJAN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 52.8 | 11.4% |
PJAN Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.52b USD (1.52b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.52b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.52b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.75% (E(1.52b)/V(1.52b) * Re(7.75%) + (debt-free company))
Discount Rate = 7.75% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)