«I needed that to give me a good sense of the way the companies behave in a full business cycle,» he explains. (inc.com)
For the best results, a good analyst would most likely average several years, perhaps as much as one full business cycle, of cash flow statements to get an adjusted price to cash flow ratio that factored in the entire development cycle of several drugs or products. (thebalance.com)
In other words, the mutual diversification power of equities and bonds varies for investing horizons spanning less than many years (at least a full business cycle). (cxoadvisory.com)