|GMFL -- USA Etf|| |
USD 26.61 0.82 2.99%
The etf holds Beta of 0.2842 which implies as returns on market increase, PowerShares Multi-Factor returns are expected to increase less than the market. However during bear market, the loss on holding PowerShares Multi-Factor will be expected to be smaller as well.. Even though it is essential to pay attention to PowerShares Multi-Factor
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 Multi-Factor exposes twenty-one different technical indicators which can help you to evaluate its performance.