«B / P: E / P» sorts first on B / P and then sorts each B /
P quintile on E / P.
Reported returns are for the nth B /
P quintile within the nth E /
P quintile (n - n).
The incremental return for B / P is most striking in low E /
P quintile.
«E / P: B / P» sorts first on E / P and then sorts each E /
P quintile on B / P.
Not exact matches
The
quintile normalized data were analyzed to identify genes with significantly up - or down - regulated expression (FDR
p - value < 0.05) with an arbitrary cutoff of at least a two-fold change.
Age - adjusted geometric mean plasma concentrations of CRP, E-selectin, and sICAM - 1 trended toward significant decreases with increasing
quintiles of magnesium intake (
P for linear trend = 0.003 for CRP, 0.001 for E-selectin, and 0.03 for sICAM - 1)(Table 3).
In contrast, consumption of non-HVOs was related to lower circulating concentrations of sICAM - 1 (percentage difference between top and bottom
quintiles in model 2: − 19 %;
P for trend: < 0.05).
After control for potential confounders, women in the highest
quintile of PHVO intake had higher plasma concentrations of C - reactive protein (CRP; percentage difference from lowest
quintile: 45 %;
P for trend: < 0.01), tumor necrosis factor - α (TNF - α; 66 %;
P for trend: < 0.01), interleukin - 6 (72 %;
P for trend: < 0.05), and soluble intercellular adhesion molecule - 1 (sICAM - 1; 22 %;
P for trend: < 0.01) than did women in the lowest
quintile.
In contrast, higher consumption of non-HVOs was associated with lower circulating concentrations of CRP (percentage difference between top and bottom
quintiles: − 23 %;
P for trend: 0.05), TNF - α (− 29 %;
P for trend: < 0.01), serum amyloid A (− 24 %;
P for trend: < 0.01), and sICAM - 1 (− 19 %;
P for trend: < 0.05).
Consumption of PHVOs was associated with higher plasma concentrations of sICAM - 1, either before (percentage difference between top and bottom
quintiles in crude model: 28 %;
P for trend: < 0.01) or after adjustment for confounders (percentage difference between top and bottom
quintiles in model 2: 22 %;
P for trend: < 0.01)(Table 4).
Higher consumption of non-HVOs was associated with lower circulating concentrations of CRP (percentage difference between top and bottom
quintiles: − 23 %;
P for trend: 0.05), TNF - α (− 29 %;
P for trend: < 0.01), and serum amyloid A (− 24 %;
P for trend: < 0.01).
After adjustment for potential confounders, there was weak evidence for positive associations between maternal free sugar intake in pregnancy and childhood doctor - diagnosed asthma and childhood wheeze (OR comparing highest versus lowest
quintile 1.31, 95 % CI 0.98 — 1.75; per
quintile p - trend = 0.09 and 1.42, 95 % CI 1.05 — 1.92; per
quintile p - trend = 0.08, respectively), and stronger evidence for a positive association with atopy at age 7 years (OR 1.38, 95 % CI 1.06 — 1.78; per
quintile p - trend = 0.006)(table 2).
Post hoc analysis showed a positive association between maternal intake of free sugar and atopic asthma (OR 2.01, 95 % CI 1.23 — 3.29; per
quintile p - trend = 0.004)(table 3).
In a linear mixed model adjusted for age, sex, education, participation in cognitive activities, physical activities, smoking, and seafood and alcohol consumption, consumption of green leafy vegetables was associated with slower cognitive decline; the decline rate for those in the highest
quintile of intake (median 1.3 servings / d) was slower by β = 0.05 standardized units (
p = 0.0001) or the equivalent of being 11 years younger in age.
In relation to intakes of amino acids from animal sources, significant inverse associations were observed between glutamic acid, leucine, and tyrosine intakes and PWV, with respective differences of − 0.3 ± 0.2 m / s (
P - trend = 0.03), − 0.3 ± 0.2 m / s (
P - trend = 0.02), and − 0.4 ± 0.2 m / s (
P - trend = 0.02) between extreme
quintiles of intake.
Older women (NHS I) in the highest
quintile of EPA and DHA intake had a multivariate relative risk of 1.28 (95 % confidence interval, 1.04 to 1.56;
P for trend = 0.04) of stone formation compared with women in the lowest
quintile.
After multivariable adjustment, compared with the lowest
quintile, HRs were 1.07 (95 % CI, 1.02 - 1.12), 1.18 (1.06 - 1.31), 1.38 (1.11 - 1.70), and 2.03 (1.26 - 3.27)(
P =.004)(Table 2).
In the Framingham Offspring Study (McKeown et al., 2002), whole - grain consumption in the highest
quintile (13 to 64 servings per week) was associated with a significant decrease in fasting insulin compared to the lowest whole - grain consumption (0 to 1.5 servings per week) after adjusting for known confounders (
P = 0.01).
Because the observed association between percentage of calories from added sugar and CVD mortality appeared to be nonlinear (
P <.05 for linearity), we used the Box - Cox transformation, with λ = 2.5 when estimating the usual percentage of calories from added sugar using the NCI method.35 To present the results, we calculated the 10th, 30th, 50th, 70th, and 90th percentiles» distribution of the estimated added sugar intake as the middle value of each
quintile.
Age -, sex -, and race / ethnicity — adjusted hazard ratios (HRs) of CVD mortality across
quintiles of the percentage of daily calories consumed from added sugar were 1.00 (reference), 1.09 (95 % CI, 1.05 - 1.13), 1.23 (1.12 - 1.34), 1.49 (1.24 - 1.78), and 2.43 (1.63 - 3.62;
P <.001), respectively.
The following 5 charts display the
quintile returns for the
P / FCF ratio in red and the S&
P 500 Equal Weight Index in blue.
The first
quintile includes the companies that had the lowest
P / FCF ratios and the 5th
quintile includes the companies that had the highest
P / FCF ratios.
Value (using both forms, B /
P and blended) falls in the bottom
quintile of its historical valuation in both international and emerging markets; of 12 comparisons (U.S., international, and emerging markets, constructed using both B /
P and the blended valuation, and with relative valuation measured versus both
P / B and the aggregate measure), 11 suggest value is trading cheap, with 5 in the bottom decile of the historical valuation range.
The New Yorker has John Cassidy's interview with Richard Thaler, Chicago School economist and co-author (along with Werner F.M. DeBondt) of Further Evidence on Investor Overreaction and Stock Market Seasonality, a paper I like to cite in relation to low
P / B
quintiles and earnings mean reversion.
-LSB-...] and Stock Market Seasonality, a paper I like to cite in relation to low
P / B
quintiles and earnings mean reversion.
Meanwhile, the stocks in the highest
quintile, those with an average market price to book value ratio of 3.42 and an average earnings yield of 0.147 (a
P / E of 6.8), returned 1.3 % less than the market index over the four years after portfolio formation.
Low
P / B stocks outperform higher
P / B stocks in the aggregate, and in rank order, the cheapest decile,
quintile, quartile etc outperforming the next cheapest and so on.