Powershares Global Funds Etf Market Value
| EWQQF Etf | USD 372.94 8.80 2.42% |
| Symbol | PowerShares |
Please note, there is a significant difference between PowerShares Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if PowerShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PowerShares Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PowerShares Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to PowerShares Global's otc etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of PowerShares Global.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in PowerShares Global on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding PowerShares Global Funds or generate 0.0% return on investment in PowerShares Global over 30 days. PowerShares Global is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, Vanguard Value, Vanguard Growth, and Vanguard Mid. PowerShares Global Funds Ireland Public Limited Company - PowerShares EQQQ Nasdaq-100 UCITS ETF is an exchange traded fu... More
PowerShares Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure PowerShares Global's otc etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess PowerShares Global Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.1488 | |||
| Maximum Drawdown | 5.24 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 2.02 |
PowerShares Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PowerShares Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PowerShares Global's standard deviation. In reality, there are many statistical measures that can use PowerShares Global historical prices to predict the future PowerShares Global's volatility.| Risk Adjusted Performance | 0.1475 | |||
| Jensen Alpha | 0.1656 | |||
| Total Risk Alpha | 0.1386 | |||
| Sortino Ratio | 0.1236 | |||
| Treynor Ratio | 2.74 |
PowerShares Global Funds Backtested Returns
At this point, PowerShares Global is very steady. PowerShares Global Funds maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for PowerShares Global Funds, which you can use to evaluate the volatility of the etf. Please check PowerShares Global's Semi Deviation of 0.6057, coefficient of variation of 545.1, and Risk Adjusted Performance of 0.1475 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The etf holds a Beta of 0.0609, which implies not very significant fluctuations relative to the market. As returns on the market increase, PowerShares Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding PowerShares Global is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
PowerShares Global Funds has below average predictability. Overlapping area represents the amount of predictability between PowerShares Global time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PowerShares Global Funds price movement. The serial correlation of 0.36 indicates that just about 36.0% of current PowerShares Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 17.8 |
PowerShares Global Funds lagged returns against current returns
Autocorrelation, which is PowerShares Global otc etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting PowerShares Global's otc etf expected returns. We can calculate the autocorrelation of PowerShares Global returns to help us make a trade decision. For example, suppose you find that PowerShares Global has exhibited high autocorrelation historically, and you observe that the otc etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
PowerShares Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If PowerShares Global otc etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PowerShares Global otc etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PowerShares Global otc etf over time.
Current vs Lagged Prices |
| Timeline |
PowerShares Global Lagged Returns
When evaluating PowerShares Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PowerShares Global otc etf have on its future price. PowerShares Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, PowerShares Global autocorrelation shows the relationship between PowerShares Global otc etf current value and its past values and can show if there is a momentum factor associated with investing in PowerShares Global Funds.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PowerShares OTC Etf
PowerShares Global financial ratios help investors to determine whether PowerShares OTC Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PowerShares with respect to the benefits of owning PowerShares Global security.