Powershares Water Resources

Powershares Water Resources (PHO) stock stands at 28.9% below its expected price.  Powershares price has declined by 4.1% over the past 52 weeks.  With its stock price at its 10-week exponential moving average, is the price headed to the doldrums?  Does the $27.68/share price reached in early March 2014 represent a peak?  Since then, the price highs are progressively lower and the price lows progressively lower until early December 2014.   Thereafter, there has been a flat trend.

PHO stock had been over performing relative to the returns forecasted by the Capital Asset Pricing Model by an annual rate of 2.9% from January 2006 through December 2012.  Powershares price has generally followed the expected price forecasted by the Capital Asset Pricing Model adjusted by the historical over performance through the first quarter of 2013.  Thereafter, its performance has lagged behind its expected price.

First Trust ISE Water

First Trust ISE Water (FIW) stock now stands at 28.8% below its expected price.  First Trust’s price is down 5.7% over the past 52 weeks.  With its stock price falling below its 10-week exponential moving average, are further price declines on the horizon?

FIW stock has been over-performing relative to the returns forecasted by the Capital Asset Pricing Model by an annual rate of 6.4% from January 2006 through December 2012, the strongest performer of the four water ETF’s tracked by JOW.  Despite this historical performance, First Trust’s actual price started falling behind the expected price forecasted by the Capital Asset Pricing Model (adjusted by the historical over performance) by the end of the first quarter 2013.

Guggenheim S&P Global Water

Guggenheim S&P Global Water (CGW) stock is 22.8% below its expected price.  Guggenheim’s price is down 3.6% over the past 52 weeks.  With recent and continued price declines, has the price peaked last year?

CGW stock has been over-performing relative to the returns forecasted by the Capital Asset Pricing Model by an annual rate of 1.6% from January 2006 through December 2012.  Guggenheim’s actual price started falling behind the expected price forecasted by the Capital Asset Pricing Model (adjusted by the historical over performance) by the end of the first quarter 2013.

Powershares Global Water

Powershares Global Water (PIO) stock price now stands at 20.3% below its expected price.  Powershares Global’s price is up only 2.2% over the past 52 weeks.  Like the other ETF’s, has the price of PIO peaked?

PIO stock had been under-performing relative to the returns forecasted by the Capital Asset Pricing Model by an annual rate of 2.1% from January 2006 through December 2012.  The actual price has generally followed the expected price forecasted by the Capital Asset Pricing Model (adjusted by this historical under-performance) over 2013.  The actual stock price started running ahead of the expected price since last December.