|SPHQ -- USA Etf|| |
USD 28.99 0.44 0.01%
The etf holds Beta of 0.0017 which implies as returns on market increase, PowerShares returns are expected to increase less than the market. However during bear market, the loss on holding PowerShares 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 0.0323% will be sustainable into the future.
PowerShares SP 500 Relative Risk vs. Return Landscape
If you would invest 2,926
in PowerShares SP 500 Quality ETF on December 21, 2018
and sell it today you would earn a total of 17.00
from holding PowerShares SP 500 Quality ETF or generate 0.58%
return on investment over 30
days. PowerShares SP 500 Quality ETF is currently generating 0.0323% of daily expected returns and assumes 1.9436% risk (volatility on return distribution) over the 30 days horizon. In different words, 17% of equities are less volatile than PowerShares and 99% 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 is expected to generate 1.35 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.03 times less risky than the market. It trades about 0.02 of its potential returns per unit of risk. The DOW is currently generating roughly 0.02 of returns per unit of risk over similar time horizon.
PowerShares Market Risk Analysis
Sharpe Ratio = 0.0166
PowerShares Relative Performance Indicators
Estimated Market Risk
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Based on monthly moving average PowerShares is performing at about 1% 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
Compared to the overall equity markets, risk-adjusted returns on investments in PowerShares SP 500 Quality ETF are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
|Fifty Two Week Low||25.93|
|Fifty Two Week High||33.03|
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