The etf holds Beta of 0.0 which implies the returns on MARKET and PowerShares are completely uncorrelated. 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 0.0% will be sustainable into the future.
PowerShares SP 500 Relative Risk vs. Return Landscape
If you would invest 0.00
in PowerShares SP 500 Quality ETF on September 17, 2018
and sell it today you would earn a total of 0.00
from holding PowerShares SP 500 Quality ETF or generate 0.0%
return on investment over 30
days. PowerShares SP 500 Quality ETF is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 30 days horizon. In different words, 0% of equities are less volatile than PowerShares SP 500 Quality ETF and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
PowerShares Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average PowerShares is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of PowerShares
by adding it to a well-diversified
Over the last 30 days PowerShares SP 500 Quality ETF has generated negative risk-adjusted returns adding no value to investors with long positions.
|PowerShares SP 500 is not yet fully synchronised with the market data|
|PowerShares SP 500 has some characteristics of a very speculative penny stock|
|The fund maintains 99.99% of its assets in stocks|
|Fifty Two Week Low||28.85|
|Fifty Two Week High||33.03|
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. Please also try Instant Ratings
module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.