PowerShares QQQ Technical Analysis

PowerShares QQQ ETF -- USA Etf  

USD 165.82  0.03  0.0181%

PowerShares QQQ ETF holds Standard Deviation of 0.6084, Downside Deviation of 0.4437 and Risk Adjusted Performance of 0.1671. Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of PowerShares QQQ as well as the relationship between them. In other words you can use this information to find out if the etf will indeed mirror its model of past market data or the prices will eventually revert. We found eighteen technical drivers for PowerShares QQQ ETF which can be compared to its competitors. Please check PowerShares QQQ ETF Risk Adjusted Performance, Variance as well as the relationship between Variance and Potential Upside to decide if PowerShares QQQ ETF is priced some-what accurately providing market reflects its current price of 165.82 per share.
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PowerShares QQQ ETF Technical Analysis

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The output start index for this execution was six with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of PowerShares QQQ ETF volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

PowerShares QQQ ETF Trend Analysis

Use this graph to draw trend lines for PowerShares QQQ ETF. You can use it to identify possible trend reversals for PowerShares QQQ as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual PowerShares QQQ price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

PowerShares QQQ Best Fit Change Line

The following chart estimates an ordinary least squares regression model for PowerShares QQQ ETF applied against its price change over selected period. The best fit line has a slop of 0.65 % which may imply that PowerShares QQQ ETF will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 343.51, which is the sum of squared deviations for the predicted PowerShares QQQ price change compared to its average price change.

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PowerShares QQQ ETF is presently regarded as number one ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.24  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for PowerShares QQQ ETF is roughly  1.24 

One Year Return

PowerShares QQQ ETF One Year Return
Based on recorded statements PowerShares QQQ ETF has One Year Return of 32.67%. This is 16435.0% lower than that of the PowerShares family, and 251.99% higher than that of Large Growth category, The One Year Return for all etfs is 2713.6% lower than the firm.
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      PowerShares QQQ Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.