Sentences with phrase «bm decile»
It is only over the last 10 years that the monthly returns for the lowest BM decile have been negative.
https://greenbackd.com/
The third observation is that the low BM decile — Decile 1 — has for most of the time had a positive monthly return.
«Low BM» is the lowest BM decile, marked in red.
The green «HML» line is -30 % of the return on the low BM decile and 130 % the return on the high BM decile.
In this chart the green «HML» line is -100 % of the return on the low BM decile and 100 % the return on the high BM decile:
«High BM» is the highest BM decile, marked in blue.
First, the relationship between high and low BM deciles is relatively unchanged over time.
Not exact matches
Doesn't Piotroski's study always take the top decile of high BM firms?
«Decile 10» is formed from the portfolio of stocks with the highest BM ratio (lowest P / B), «Decile 1» is the portfolio of stocks with the lowest BM ratio (highest P / B) and so on.
The relatively high BM stocks in deciles 10, 9, and 8 tend to outperform the relatively lower BM stocks in deciles 1, 2, and 3.