|Horizon||30 Days Login to change|
PowerShares Market Sensitivity
|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.One Month Beta |Analyze PowerShares SP 500 Demand TrendCheck current 30 days PowerShares correlation with market (DOW)|
β = -0.142
PowerShares SP 500 Technical Analysis
PowerShares Projected Return Density Against MarketGiven the investment horizon of 30 days, PowerShares SP 500 Quality ETF has beta of -0.142 . This entails as returns on benchmark increase, returns on holding PowerShares are expected to decrease at a much smaller rate. During bear market, however, PowerShares SP 500 Quality ETF is likely to outperform the market. Additionally, PowerShares SP 500 Quality ETF has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
PowerShares Return VolatilityPowerShares SP 500 Quality ETF inherits 1.1598% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 1.0404% risk (volatility on return distribution) over the 30 days horizon.