PowerShares Aerospace Technical Analysis

PowerShares Aerospace Defense ETF -- USA Etf  

USD 52.59  0.46  0.88%

PowerShares Aerospace Defense ETF holds Coefficient Of Variation of (2,000) and Risk Adjusted Performance of (0.015922). Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of PowerShares Aerospace 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 nineteen technical drivers for PowerShares Aerospace which can be compared to its competitors. Please check PowerShares Aerospace Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if PowerShares Aerospace is priced some-what accurately providing market reflects its current price of 52.59 per share.
Investment Horizon     30 Days    Login   to change

PowerShares Aerospace Trend Analysis

Use this graph to draw trend lines for PowerShares Aerospace Defense ETF. You can use it to identify possible trend reversals for PowerShares Aerospace 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 Aerospace price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

PowerShares Aerospace Best Fit Change Line

The following chart estimates an ordinary least squares regression model for PowerShares Aerospace Defense ETF applied against its price change over selected period. The best fit line has a slop of 0.04 % which may imply that the returns on investment in PowerShares Aerospace Defense ETF will continue to fail. It has 34 observation points and a regression sum of squares at 1.23, which is the sum of squared deviations for the predicted PowerShares Aerospace price change compared to its average price change.

Current Sentiment - PPA

PowerShares Aerospace Investor Sentiment
Greater number of Macroaxis users are at this time bullish on PowerShares Aerospace Defense ETF. What is your perspective on investing in PowerShares Aerospace Defense ETF? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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PowerShares Aerospace Defense ETF is rated below average in mean deviation as compared to similar ETFs. It is regarded third largest ETF in standard deviation as compared to similar ETFs creating about  1.44  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for PowerShares Aerospace Defense ETF is roughly  1.44 

One Year Return

PowerShares Aerospace One Year Return
Based on recorded statements PowerShares Aerospace Defense ETF has One Year Return of 38.51%. This is 19355.0% lower than that of the PowerShares family, and 4819.36% lower than that of Industrials category, The One Year Return for all etfs is 3180.8% lower than the firm.
  Year Return 
      PowerShares Aerospace 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.