PowerShares Exchange-Traded Funds Trust (PHO)

17.65 +0.02  +0.11%  May 31, 5:21PM Go Pro
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PowerShares Exchange-Traded Funds Trust Beta: 1.234

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PHO Beta Range, Past 5 Years

Minimum 1.212 Jun 2011
Maximum 1.446 Jan 2009
Average 1.260

About Beta 60 Month

YCharts calculates the 60 month market beta by regressing stock returns less the risk free rate of returns on the market returns less the risk free rate of return (Market returns come from the S&P 500 Total Returns Index (SPXTR), and the risk free rate is the 4 Week Average T-Bill (Monthly). There must be a minimum of 36 months of stock returns for a company to have its beta calculated.

Beta is a measure of the risk of a stock when it is included in a well-diversified portfolio.

In financial theory, the Capital Asset Pricing Model breaks down expected stock returns into two components. The first is the return that would be expected based on covariance with the movements of the market (for most stocks, when the market as a whole goes up, the price of the stock will also go up). The second part is the increase in the price of a stock that is not explained by the market. The first part - covariance with the market - is what Beta captures.

When Beta is positive, the stock price tends to move in the same direction as the market, and the magnitude of Beta tells by how much. If a stock's Beta is greater than 1, that means that when the market index goes up 1%, we expect the stock will go up by more than 1%. On the contrary, if the market goes down by 1%, we expect the stock to go down by more than 1%. Negative Betas, while rare, signify a negative correlation. When the market goes up, we would expect the stock price to go down.

For readers with a background in regression analysis, Beta is the slope of the linear regression shown in the formula below, where Returns are the return on an individual stock or portfolio, Rf is the risk free rate, RMarket is the return on a market portfolio, and e is an error term.
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PHO News

ETF Insider: Greek Drama Far From Over
May 12, 9:00AM ETF Database
Best ETFs for Water
May 10, 3:56PM ETF Trends
Best ETFs for Water http://stks.co/3m71 $PHO $FIW $CGW $PIO
about 21 days ago by ETFTrends
Favorite water play right now is $KO $PHO
about 22 days ago by Debra4908
ETF Insider: Cautiously Bullish At Home
May 07, 12:58PM ETF Database
RT @Willow_Bay moderating a panel on water scarcity at 12:30 ET. Speakers include @SusanLealH20 & @falconwaterfree's #2012GC $CGW $PHO $PIO
about 31 days ago by ChristianMagoon
$PHO Volume Alert - Currently at 5 x average daily volume.
about 31 days ago by TradeIdeasQuant
The World's Water Monopoly $KO $PEP $EWL $PHO http://stks.co/3Xqv
about 35 days ago by AlphaVN
Can't Beat the Real Thing: Water $KO $PEP $EWL $PHO http://stks.co/3Xqt
about 35 days ago by AlphaVN
$PHO forms bearish "Flag" chart pattern. http://stks.co/3QaX
about 42 days ago by RecogniaEvents
Rising Tide: Water ETFs
Apr 02, 3:40PM ETF Trends
Free for all: Still like $XES from the long side, and $PHO could be a countertrend short, scalp a buck http://stks.co/3AC1 (3 min video)
about 62 days ago by maoxian
Best Water ETFs for #WorldWaterDay, $CGW $FIW $PIO $PHO $XLU - Foolish Blogging Network: http://stks.co/30u0 #etf #water @FirstTrustNow
about 71 days ago by ChristianMagoon
$PHO http://stks.co/2yAr $PHO Sold position after gaining +25 % from 09/25/11
about 72 days ago by traderclubtirol
Movers in portfolio up +1,5% (@mid-day): $XHB $TOL $LEN $PHO $OIH $HAL $SLB $APA $MUR $HLX $TSO $VLO $ATLS $ZQK $HOG $LVS $GG $C $WFC $JPM
about 84 days ago by traderclubtirol
Movers in portfolio up +1% (@ mid-day): $XHB $LEN $TOL $PHO $EWO $XLF $BAC $C $WFC $JPM $XLF $USO $OIH $APA $EP $COP $TSO $VLO $HES $ATLS
about 85 days ago by traderclubtirol
RT @macroQmicro Sector strength: up none ... down $SEA $XLI $PPA $XLB $MOO $AMLP $PHO $FAN $REMX $KOL $IBB $SLX $URA $IEZ $BKK.....
about 86 days ago by sssc
Pos in portfolio down -2,5% (into final 2hrs): $XLF $XHB $OIH $PHO $ZQK $LVS $WYNN $HOG $GG $C $WFC $BAC $JPM $HAL $SLB $APA $MUR $TSO $OXY
about 86 days ago by traderclubtirol
RT @macroQmicro Sector strength: $XES $GDX $IYZ $XLE $URA $GDXJ $XOP $PHO $XLK $KCE. down $FAA $ITB $XLV $TAN $SMH $IBB $IYT $RTH $PBW $IYR
about 98 days ago by sssc
5 ETFs For Doomsday Capitalism
Feb 15, 11:40AM Seeking Alpha
Five ETFs For Doomsday Capitalism
Feb 15, 6:00AM ETF Database
Gushing: Water ETFs ($FIW, $PHO) up 25-30% from their October lows. In contrast, $GLD only up 12% from its Jan low. Liquid options on $PHO.
about 118 days ago by DrKris
Inflation? City of Chicago raises prices on Lake Michigan water by 25%, Time to buy #water or #inflation or laugh? $CPI $CGW $RINF $PIO $PHO
about 139 days ago by ChristianMagoon
Water portfolio ($PHO +4% $PIO +3,3%) stocks: $LNN +8% $MWA +5,3% $FLS $LAYN $IEX +4% $PLL +3%
about 163 days ago by traderclubtirol
Fracking H2O: Would you play it with $CGW, $PHO or my choice: $LAYN. They've already partnered with $CHK
about 184 days ago by ALLReal
RT @macroQmicro Sector strength: more none less $SMH $SEA $XRT $XLK $XLE $XOP $XES $IYT $XLY $SLX $IYZ $URA $KOL $XHB $PHO $XME .....
about 188 days ago by Diemtrade77
Movers in portfolio up +3% (@close): $AKS $BA $GT $LEA $BSX $STEC $XIDE $BRCM $HPQ $LIZ $ACAT $FO $ANW $ALK $PLL $WTS $FLS $LNN $IEX $PHO
about 210 days ago by traderclubtirol
Under the radar commodity ETFs breaking out today: Water +5% ($FIW, $PHO, $PIO), Agribiz +5% ($MOO), Precious mtls +3-4% ($WITE, $GLTR)
about 217 days ago by DrKris
Supply and Demand to Boost Three Water ETFs
Oct 27, 1:20PM Minyanville
The Next Big Thing?
Oct 25, 2:00PM
Surprized there's not much 'safety' in $PHO. Whatever the economics-- water is a must have to say the least.
about 244 days ago by hangten
The good news of the month RT @ritholtz Incredible Science Discoveries http://stks.co/Zi $TAN $PHO
about 286 days ago by ivanhoff

Recent Quotes

Symbol Price Chg Chg % Market Cap
PHO 17.65 +0.02 +0.11%
PHIIK 23.81 -0.02 -0.08% 368.65M
PHII 22.76 -0.83 -3.52% 348.46M
PHI 53.62 +0.84 +1.59% 11.32B
PHH 16.57 +0.09 +0.55% 930.63M
PHG 17.80 +0.12 +0.68% 16.37B
PHD 12.76 +0.01 +0.08%
PH 81.69 -2.80 -3.31% 12.75B
PGX 14.22 +0.03 +0.22%
PGTI 2.53 -0.02 -0.78% 136.86M
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