PowerShares EURO (UK) Market Value
| EUHD Etf | 2,578 11.50 0.45% |
| Symbol | PowerShares |
PowerShares EURO '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 EURO's 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 EURO.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in PowerShares EURO on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding PowerShares EURO STOXX or generate 0.0% return on investment in PowerShares EURO over 90 days. PowerShares EURO is related to or competes with Leverage Shares, Leverage Shares, Leverage Shares, GraniteShares, GraniteShares, GraniteShares, and WisdomTree EURO. PowerShares EURO is entity of United Kingdom More
PowerShares EURO 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 EURO's 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 EURO STOXX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5994 | |||
| Information Ratio | 0.1211 | |||
| Maximum Drawdown | 2.26 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 1.12 |
PowerShares EURO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PowerShares EURO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PowerShares EURO's standard deviation. In reality, there are many statistical measures that can use PowerShares EURO historical prices to predict the future PowerShares EURO's volatility.| Risk Adjusted Performance | 0.3272 | |||
| Jensen Alpha | 0.1855 | |||
| Total Risk Alpha | 0.1194 | |||
| Sortino Ratio | 0.1209 | |||
| Treynor Ratio | 1.5 |
PowerShares EURO STOXX Backtested Returns
Currently, PowerShares EURO STOXX is very steady. PowerShares EURO STOXX maintains Sharpe Ratio (i.e., Efficiency) of 0.3, which implies the entity had a 0.3 % return per unit of risk over the last 3 months. We have found thirty technical indicators for PowerShares EURO STOXX, which you can use to evaluate the volatility of the etf. Please check PowerShares EURO's Risk Adjusted Performance of 0.3272, coefficient of variation of 280.65, and Semi Deviation of 0.0725 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. The etf holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, PowerShares EURO's returns are expected to increase less than the market. However, during the bear market, the loss of holding PowerShares EURO is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
PowerShares EURO STOXX has very good predictability. Overlapping area represents the amount of predictability between PowerShares EURO time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. 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 EURO STOXX price movement. The serial correlation of 0.83 indicates that around 83.0% of current PowerShares EURO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 1102.82 |
PowerShares EURO STOXX lagged returns against current returns
Autocorrelation, which is PowerShares EURO 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 EURO's etf expected returns. We can calculate the autocorrelation of PowerShares EURO returns to help us make a trade decision. For example, suppose you find that PowerShares EURO has exhibited high autocorrelation historically, and you observe that the 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 EURO 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 EURO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PowerShares EURO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PowerShares EURO etf over time.
Current vs Lagged Prices |
| Timeline |
PowerShares EURO Lagged Returns
When evaluating PowerShares EURO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PowerShares EURO etf have on its future price. PowerShares EURO 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 EURO autocorrelation shows the relationship between PowerShares EURO etf current value and its past values and can show if there is a momentum factor associated with investing in PowerShares EURO STOXX.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in PowerShares Etf
PowerShares EURO financial ratios help investors to determine whether PowerShares 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 EURO security.