Using data for a broad sample of U.S. common stocks and model factors (excluding extreme outliers) during July 1963 through December 2015, they find that: Keep Reading (cxoadvisory.com)
Not the least of these is that despite good signals from a couple of extreme outliers, there is zero correlation between «misvaluations» on the basis of the Fed model, and the actual return in the S&P 500 over the following year. (hussmanfunds.com)
That way, we saw injuries that were distinct, but not extreme outliers. (policygenius.com)