The etf holds Beta of 0.0 which implies the returns on MARKET and PSSHR 14 are completely uncorrelated. Although it is extremely important to respect PSSHR-14
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 reviewing PSSHR-14 technical indicators
you can currently evaluate if the expected return of 0.0% will be sustainable into the future.
Over the last 30 days PSSHR-14 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, PSSHR 14 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.