|PowerShares SP 500 Quality ETF -- USA Etf|| |
USD 32.17 0.19 0.59%
The etf holds Beta of -0.2353 which implies as returns on market increase, returns on owning PowerShares SP are expected to decrease at a much smaller rate. During bear market, PowerShares SP is likely to outperform the market.. Although it is vital to follow to PowerShares SP 500
current trending patterns, it is good to be conservative about what you can actually do with the information regarding 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 0.2785% will be sustainable into the future.
PowerShares SP 500 Relative Risk vs. Return Landscape
If you would invest 3,049
in PowerShares SP 500 Quality ETF on December 23, 2017
and sell it today you would earn a total of 156
from holding PowerShares SP 500 Quality ETF or generate 5.12%
return on investment over 30
days. PowerShares SP 500 Quality ETF is currenly generating 0.2785% of daily expected returns and assumes 0.4304% risk (volatility on return distribution) over the 30 days horizon. In different words, 3% of equities are less volatile than PowerShares SP 500 Quality ETF and 95% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
Given the investment horizon of 30 days, PowerShares SP 500 Quality ETF is expected to generate 1.05 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.08 times less risky than the market. It trades about 0.65 of its potential returns per unit of risk. The DOW is currently generating roughly 0.63 of returns per unit of risk over similar time horizon.
Based on latest financial disclosure the price to book indicator of PowerShares SP 500 Quality ETF is roughly 5.6 times. This is 223.7% higher than that of the PowerShares family, and 134.8% higher than that of Large Blend
category, The Price to Book for all etfs is 477.32% lower than the firm.
| || PowerShares SP 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 SP Daily Price Distribution
The median price of PowerShares SP for the period between Sat, Dec 23, 2017 and Mon, Jan 22, 2018 is 31.18 with a coefficient of variation of 1.93. The daily time series for the period is distributed with a sample standard deviation of 0.6, arithmetic mean of 31.09, and mean deviation of 0.53. The Etf received some media coverage during the period.