|GMFL -- USA Etf|| |
USD 25.25 0.22 0.01%
The etf holds Beta of 0.1353 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.
PowerShares Multi-Factor Relative Risk vs. Return Landscape
If you would invest 2,618
in PowerShares Multi-Factor Large Cap Portfolio on December 19, 2018
and sell it today you would lose (70.40)
from holding PowerShares Multi-Factor Large Cap Portfolio or give up 2.69%
of portfolio value over 30
days. PowerShares Multi-Factor Large Cap Portfolio is currently does not generate positive expected returns and assumes 1.1772% risk (volatility on return distribution) over the 30 days horizon. In different words, 10% of equities are less volatile than PowerShares Multi-Factor and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
Given the investment horizon of 30 days, PowerShares Multi-Factor is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 1.69 times less risky than the market. the firm trades about -0.04 of its potential returns per unit of risk. The DOW is currently generating roughly -0.02 of returns per unit of risk over similar time horizon.
PowerShares Multi-Factor Market Risk Analysis
Sharpe Ratio = -0.0446
PowerShares Multi-Factor Relative Performance Indicators
Estimated Market Risk
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Based on monthly moving average PowerShares Multi-Factor is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of PowerShares Multi-Factor
by adding it to a well-diversified
Over the last 30 days PowerShares Multi-Factor Large Cap Portfolio has generated negative risk-adjusted returns adding no value to investors with long positions.
|PowerShares Multi-Factor generates negative expected return over the last 30 days|
|PowerShares Multi-Factor has high likelihood to experience some financial distress in the next 2 years|
|On December 24, 2018 PowerShares Multi-Factor paid $ 0.103 per share dividend to its current shareholders|
|The fund retains all of its assets under management (AUM) in equities|
|Fifty Two Week Low||22.6200|
|Fifty Two Week High||28.8100|