|SPHQ -- USA Etf|| |
USD 30.89 0.01 0.0324%
The etf holds Beta of -0.142 which implies as returns on market increase, returns on owning PowerShares are expected to decrease at a much smaller rate. During bear market, PowerShares is likely to outperform the market.. Even though it is essential to pay attention to PowerShares SP 500
current trending patterns, it is always good to be careful when utilizing equity existing price patterns
. Macroaxis philosophy towards forecasting future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. PowerShares SP 500 exposes twenty-one different technical indicators which can help you to evaluate its performance.