PowerShares SP Technical Analysis

PowerShares SP 500 Quality ETF -- USA Etf  

USD 31.83  0.23  0.73%

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.
 Time Horizon     30 Days    Login   to change

PowerShares SP 500 Technical Analysis

Time Period
  Portfolio Optimization    
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The output start index for this execution was fourteen with a total number of output elements of three. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of PowerShares SP 500 volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

PowerShares SP 500 Trend Analysis

Use 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 Line

The 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.

Current Sentiment - SPHQ

PowerShares SP 500 Investor Sentiment
Most of Macroaxis users are at this time bullish on PowerShares SP 500 Quality ETF. What is your perspective on investing in PowerShares SP 500 Quality ETF? Are you bullish or bearish?
98% Bullish
2% Bearish
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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 

One Year Return

PowerShares SP 500 One Year Return
Based on recorded statements PowerShares SP 500 Quality ETF has One Year Return of 19.1%. This is 9650.0% lower than that of the PowerShares family, and 1145.65% higher than that of Large Blend category, The One Year Return for all etfs is 1628.0% lower than the firm.
  Year Return 
      PowerShares SP Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.