PowerShares QQQ Technical Analysis

PowerShares QQQ ETF -- USA Etf  

USD 147.74  0.97  0.65%

PowerShares QQQ ETF holds Coefficient Of Variation of 426.14, Semi Deviation of 0.2399 and Risk Adjusted Performance of 0.0677. 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 nineteen technical drivers for PowerShares QQQ ETF which can be compared to its competitors. Please check PowerShares QQQ ETF Standard Deviation as well as the relationship between Value At Risk and Kurtosis to decide if PowerShares QQQ ETF is priced some-what accurately providing market reflects its current price of 147.74 per share.
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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 0.2 % 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 31.89, which is the sum of squared deviations for the predicted PowerShares QQQ price change compared to its average price change.

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Portfolio Volatility

Check portfolio volatility and analyze historical return density to properly model market risk
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PowerShares QQQ ETF is rated below average in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.45  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for PowerShares QQQ ETF is roughly  1.45 

One Year Return

PowerShares QQQ ETF One Year Return
Based on recorded statements PowerShares QQQ ETF has One Year Return of 23.74%. This is 11970.0% lower than that of the PowerShares family, and 155.78% higher than that of Large Growth category, The One Year Return for all etfs is 1999.2% lower than the firm.
  Year Return 
      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.