|PowerShares QQQ ETF -- USA Etf|| |
USD 165.01 1.91 1.14%
The etf holds Beta of -0.2464 which implies as returns on market increase, returns on owning PowerShares QQQ are expected to decrease at a much smaller rate. During bear market, PowerShares QQQ is likely to outperform the market.. Although it is extremely important to respect PowerShares QQQ ETF
current trending patterns, it is better to be realistic regarding the information on equity existing price patterns
. The philosophy towards forecasting future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing PowerShares QQQ ETF technical indicators
you can presently evaluate if the expected return of 0.0519% will be sustainable into the future.
PowerShares QQQ ETF Relative Risk vs. Return Landscape
If you would invest 16,523
in PowerShares QQQ ETF on February 20, 2018
and sell it today you would earn a total of 169.00
from holding PowerShares QQQ ETF or generate 1.02%
return on investment over 30
days. PowerShares QQQ ETF is generating 0.0519% of daily returns assuming volatility of 1.0849% on return distribution over 30 days investment horizon. In other words, 10% of equities are less volatile than the company and above 99% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, PowerShares QQQ ETF is expected to generate 1.15 times more return on investment than the market. However, the company is 1.15 times more volatile than its market benchmark. It trades about 0.05 of its potential returns per unit of risk. The DOW is currently generating roughly -0.04 per unit of risk.
PowerShares QQQ Daily Price Distribution
The median price of PowerShares QQQ for the period between Tue, Feb 20, 2018 and Thu, Mar 22, 2018 is 168.29 with a coefficient of variation of 1.65. The daily time series for the period is distributed with a sample standard deviation of 2.78, arithmetic mean of 168.61, and mean deviation of 2.26. The Etf received some media coverage during the period.