The etf holds Beta of 0.0656 which implies as returns on market increase, PowerShares SP returns are expected to increase less than the market. However during bear market, the loss on holding PowerShares SP will be expected to be smaller as well.. Although it is extremely important to respect PowerShares SP 500 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 SP 500 technical indicators you can presently evaluate if the expected return of 0.0068% will be sustainable into the future.
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