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
PowerShares QQQ ETF Trend AnalysisUse 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 LineThe 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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