|PowerShares QQQ ETF -- USA Etf|| |
USD 148.64 0.33 0.22%
The etf holds Beta of 0.0779 which implies as returns on market increase, PowerShares QQQ returns are expected to increase less than the market. However during bear market, the loss on holding PowerShares QQQ will be expected to be smaller as well.. Although it is extremely important to respect PowerShares QQQ ETF
current trending patternss, 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 0.0886% will be sustainable into the future.
Relative Risk vs. Return Landscape
If you would invest 14,535
in PowerShares QQQ ETF on September 20, 2017
and sell it today you would earn a total of 296
from holding PowerShares QQQ ETF or generate 2.04%
return on investment over 30
days. PowerShares QQQ ETF is generating 0.0886% of daily returns assuming volatility of 0.4456% on return distribution over 30 days investment horizon. In other words, 4% 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 1.39 times less return on investment than the market. In addition to that, the company is 1.89 times more volatile than its market benchmark. It trades about 0.2 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.52 per unit of volatility.
Based on latest financial disclosure the price to book indicator of PowerShares QQQ ETF is roughly 4.66 times. This is 169.36% higher than that of the PowerShares family, and 7.13% higher than that of Large Growth
category, The Price to Book for all etfs is 380.41% lower than the firm.
| || PowerShares QQQ Comparables |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
PowerShares QQQ Daily Price Distribution
The median price of PowerShares QQQ for the period between Wed, Sep 20, 2017 and Fri, Oct 20, 2017 is 147.46 with a coefficient of variation of 1.32. The daily time series for the period is distributed with a sample standard deviation of 1.93, arithmetic mean of 146.43, and mean deviation of 1.7. The Etf received some media coverage during the period.