PowerShares SP Backtesting

SPHQ -- USA Etf  

USD 30.88  0.17  0.55%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of PowerShares SP 500 Quality ETF and determine expected loss or profit from investing in PowerShares SP over given investment horizon. Also please take a look at PowerShares SP Hype Analysis, PowerShares SP Correlation, Portfolio Optimization, PowerShares SP Volatility as well as analyze PowerShares SP Alpha and Beta and PowerShares SP Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

PowerShares SP 'What if' Analysis

June 17, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 17, 2018
0.00
If you would invest  0.00  in PowerShares SP on June 17, 2018 and sell it all today you would earn a total of 0.00 from holding PowerShares SP 500 Quality ETF or generate 0.0% return on investment in PowerShares SP over 30 days. PowerShares SP is related to or competes with SPDR SP, iShares Core, iShares Core, iShares Russell, iShares Russell, iShares Core, and VANGUARD VALUE. PowerShares SP 500 Quality ETF is USA based ETF administrated by The Bank of New York Mellon Corporation

PowerShares SP Upside/Downside Indicators

Information Ratio0.25
Maximum Drawdown1.73
Value At Risk1.06
Potential Upside1.03
  

PowerShares SP Market Premium Indicators

Risk Adjusted Performance0.032601
Jensen Alpha0.05
Total Risk Alpha0.19
Treynor Ratio1.27

PowerShares SP 500 Backtested Returns

Macroaxis considers PowerShares SP to be not too risky. PowerShares SP 500 maintains Sharpe Ratio (i.e. Efficiency) of -0.0235 which implies PowerShares SP 500 had -0.0235% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. PowerShares SP 500 exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check PowerShares SP 500 Coefficient Of Variation of 1,783 and Risk Adjusted Performance of 0.032601 to confirm risk estimate we provide. The etf holds Beta of 0.0383 which implies as returns on market increase, PowerShares SP returns are expected to increase less than the market. However during bear market, the loss on holding PowerShares SP will be expected to be smaller as well.. Even though it is essential to pay attention to PowerShares SP 500 current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. PowerShares SP 500 exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.90) 

Excellent reverse predictability

PowerShares SP 500 Quality ETF has excellent reverse predictability. Overlapping area represents the amount of predictability between PowerShares SP time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 17, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PowerShares SP 500 price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current PowerShares SP price fluctuation can be explain by its past prices. Given that PowerShares SP 500 Quality ETF has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of PowerShares SP for similar time interval.
Correlation Coefficient -0.9
Spearman Rank Test -0.6
Price Variance 0.13
Lagged Price Variance 0.14

PowerShares SP 500 lagged returns against current returns

 Current and Lagged Values 
      Timeline 

PowerShares SP regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

PowerShares SP Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - SPHQ

PowerShares SP 500 Investor Sentiment
Most of Macroaxis users are at this time bullish on PowerShares SP 500 Quality ETF. What is your perspective on investing in PowerShares SP 500 Quality ETF? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Also please take a look at PowerShares SP Hype Analysis, PowerShares SP Correlation, Portfolio Optimization, PowerShares SP Volatility as well as analyze PowerShares SP Alpha and Beta and PowerShares SP Performance. Please also try Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.