PowerShares SP 500 Quality ETF holds Standard Deviation of 0.4001, Downside Deviation of 0.2827 and Risk Adjusted Performance of 0.1575. Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of PowerShares SP as well as the relationship between them. In other words you can use this information to find out if the etf will indeed mirror its model of past market data or the prices will eventually revert. We found eighteen technical drivers for PowerShares SP 500 which can be compared to its competitors. Please check PowerShares SP 500 Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if PowerShares SP 500 is priced some-what accurately providing market reflects its current price of 31.83 per share.
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PowerShares SP 500 Technical Analysis
PowerShares SP 500 Trend AnalysisUse this graph to draw trend lines for PowerShares SP 500 Quality ETF. You can use it to identify possible trend reversals for PowerShares SP as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual PowerShares SP price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
PowerShares SP Best Fit Change LineThe following chart estimates an ordinary least squares regression model for PowerShares SP 500 Quality ETF applied against its price change over selected period. The best fit line has a slop of 0.096887 % which means PowerShares SP 500 Quality ETF will continue generating value for investors. It has 34 observation points and a regression sum of squares at 7.66, which is the sum of squared deviations for the predicted PowerShares SP price change compared to its average price change.
PowerShares SP 500 Quality ETF is rated below average in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about 1.22 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for PowerShares SP 500 Quality ETF is roughly 1.22