Sentences with phrase «across economic cycles»

Take the so - called «Cyclically - Adjusted Price - to - Earnings» ratio, which compares share prices, not simply with one year's profits, but with average earnings across an economic cycle of about 10 years.

Despite all of that earnings volatility, long - term S&P 500 earnings can be nicely contained by a 6 % growth trend connecting earnings peaks across economic cycles as far back as you care to look.

Well, we know that earnings, revenues, and nominal GDP have historically proceeded at a peak - to - peak growth rate of 6 % annually across economic cycles.

Where investors typically go wrong is to use current earnings or forward operating earnings as their «sufficient statistic,» ignoring the fact that profit margins vary widely across the economic cycle, making those figures notoriously bad choices (as they discover anew over the completion of every market cycle).

S&P 500 earnings are presently right at the 6 % line that connects historical earnings peaks across economic cycles going back cleanly over the past century.

So I thought it'd be a good idea to help provide a framework for people to think about, and we identify eight factors in the book, six for stocks and two for bonds, and we give people a framework that says, «in order for you to consider a factor, it should have evidence of persistence, meaning it exists with a premium above market return for a very long time across economic cycles.

Join us at our next ERAA ™ seminar, where our management team will dive deep into how our portfolios change across economic cycles and answer any questions you may have.

Rotating between cyclical and defensive stocks across economic cycles is a common approach for investors to take advantage of different economic phases.

Debra Cafaro: Ventas believes that having a balanced diversified portfolio is important for building a great company that can perform across the economic cycles.

The CAPE divides the current market price by the average of annual earnings across the economic cycle, with 10 years being the most popular time interval.

My own investing looks at a wide number of valuation figures, but across an economic cycle, I give more or less weight to each variable.