Sentences with phrase «at high valuation levels»

Firms of growth stocks all trade at high valuation levels, meaning they usually have high price - to - earnings (P / E) ratios.

Not exact matches

Valuation metrics suggest the market is priced at a high level yet liquidity abounds and its influence is intense.

Nonetheless, in his experience, each time Bitcoin's price has surged, the valuation has leveled off at a higher plateau — even after crashes.

RETAIL property sales are at unsustainably high levels which have outstripped wage growth, says Hegney Property Valuations director Gavin Hegney.

But valuations remain high and boards have recently become more cautious on large acquisitions, as it is more difficult to convince their investors of the potential for value creation at such price levels,» said Gilberto Pozzi, co-head of global M&A at Goldman Sachs Group Inc.

At the time they were used, they were effectively the result of ambitious management teams trying to cash in on the obscene (and stupid) once - in - several - generations valuation levels that seemed to be hitting new highs on an almost daily basis back during the dot - com bubble.

The latest valuations — according to Moodys / REAL Commercial Property Price Index — show prices for U.S. retail, industrial, apartment and office buildings have fallen on average by half from their mid-2007 high and are back at 2001 levels.

After nearly two years of flat market action at the third highest level of valuation in history, next to 1929 and 2000, the Coppock Curve turned positive this month, prompting enthusiasm among some market technicians.

These behavioral finance influences can skew a portfolio's overall allocations toward an overemphasis of potentially higher - yielding equities that in some instances may represent more downside risk than upside potential at current valuation levels.

With the S&P 500 within about 8 % of its highest level in history, with historically reliable valuation measures at obscene levels, implying near - zero 10 - 12 year S&P 500 nominal total returns; with an extended period of extreme overvalued, overbought, overbullish conditions replaced by deterioration in market internals that signal a clear shift toward risk - aversion among investors; with credit spreads on low - grade debt blowing out to multi-year highs; and with leading economic measures deteriorating rapidly, we continue to classify market conditions within the most hostile return / risk profile we identify — a classification that has been observed in only about 9 % of history.

If we define the recent downturn as a bear market anyway, the recent low will represent the highest level of valuation that has ever prevailed at the bottom of a bear market.

Both valuations and consumer sentiment may be at high levels, but with stable real yields, rising productivity and «normalised» valuations, the equity outlook is not necessarily negative — as long as economic growth continues.

In other words, if a very long - term investor is willing to rely on the notion that valuations when they sell will match or exceed the unusually high valuations of the present, that investor can reasonably expect stocks purchased at current levels to deliver long - term returns somewhere the range of 8 - 10 %.

As everyone debates whether the US stock market is in another secular bull — near an all time high valuation level — there is one developing in Japan right before our eyes at more than reasonable valuations that almost no one believes is possible.

Every market cycle in history has drawn valuations to levels that have offered disciplined investors far higher return prospects than are available at present.

Stretched valuations, high levels of uncertainty about the macroeconomic backdrop and tight correlations would seem to warrant a closer look at assets that can help offer true diversification benefits and downside protection in the event of another synchronized decline across a whole spectrum of riskier assets.

Over the past twelve months, we have added 14 names to the portfolio, all of which, in our view, can be described as well - managed, high - quality businesses selling at average or below - average valuation levels.

Blessed with outrageous pace and even quicker reactions, he would be the ideal man to provide more threat for the likes of Newcastle, Villa and Norwich, as his valuation will likely skyrocket if he can show he can perform at the highest level.

On the subject of valuations, I believe that the peak level of earnings seen in the past market cycle was somewhat high, so I'd agree with Bill Gross at PIMCO in the sense that we're not likely to see that level of earnings as the «norm.»

What's more, with valuations in these sectors at historically high levels, this leaves much of the defensive universe, particularly in the United States, vulnerable.

The Firm seeks to invest in high - quality businesses at low valuations, with the goal of generating outperformance over a full market cycle while managing the level of risk.

Essentially, a secular bull period comprises several cyclical bull - bear cycles, where each bull market achieves a successively higher level of market valuation at its peak.

But unless one expects a reprise of that bubble, or at least a reprise of the sort of enthusiasm we saw during the housing bubble (when valuations ascended high enough to drive 10 - year prospective returns below 3 % annually), the odds of sustained durable gains from present levels are weak.

That's because bond yields and stock valuations tend to track each more closely at higher levels of inflation.

At 28.93, the «Shiller P / E ratio», which looks at company valuations over a longer - term, 10 - year period and adjusts for inflation, is at the highest level EVER, except for two occasions again... 2000 crash and do not want to say the 1929 crasAt 28.93, the «Shiller P / E ratio», which looks at company valuations over a longer - term, 10 - year period and adjusts for inflation, is at the highest level EVER, except for two occasions again... 2000 crash and do not want to say the 1929 crasat company valuations over a longer - term, 10 - year period and adjusts for inflation, is at the highest level EVER, except for two occasions again... 2000 crash and do not want to say the 1929 crasat the highest level EVER, except for two occasions again... 2000 crash and do not want to say the 1929 crash.

My research has shown that switching (stock allocations) is superior when starting from times of high valuations, but not when starting at times of normal and bargain level valuations.

Given the current high level of dispersion in profitability across companies, many high - quality companies are trading at reasonably attractive valuations.

Astute investors recognize that investing at a higher valuation will typically lead to a lower future level of capital appreciation than the business being invested in is capable of generating.

So, if you're looking for maximum total return, seek out companies that offer the potential for the highest level of growth, and then be sure to purchase them at a rational valuation.

The best scenario of all is probably for valuations to remain for a long time at the same high levels while stocks experience price gains of 6.5 percent real year after year.

With equity valuations at historically high levels, I understand being light on equities right now.

At more moderate levels of real rates, such as between 2 % and 5 %, higher valuation levels are the norm.

I do agree this is a great company but valuations are through the roof with the current prices, neither the yield or the high PE justifies buying at these levels, I think we'll see 90s in the coming days.

Not surprisingly, when valuations have been at current levels or higher, future returns on the portfolio have been low or negative.

At that point, I'll have to decide whether it's fairly valued — or whether management will reinvest cash & ultimately raise RoE back to historic levels (20 %, for example), which would obviously justify a far higher valuation.

My research had previously shown that switching (stock allocations) is superior when starting from times of high valuations, but not when starting at times of normal and bargain level valuations.

And it's not just U.S. indexes like the Dow Jones Industrial Average and the S&P 500 that are at elevated levels, other measures of stock valuations are at or near record highs.

If we define the recent downturn as a bear market anyway, the recent low will represent the highest level of valuation that has ever prevailed at the bottom of a bear market.

If you wanted to get back into stocks at just the right moment, you might wait until the P / E10 level went to 8 and then go to a high stock allocation to enjoy the rewards that come to those invested in stocks when valuation levels are rising.

-LSB-...] Not surprisingly, when valuations have been at current levels or higher, future returns on the portfolio have been low or negative.

Certain regions may trade at a structurally higher or lower valuation level given differences in expected risk, growth in earnings, and political stability.

While certain high growth companies might be fairly valued at these levels, highly mature, low growth businesses like WD - 40 have no history of trading consistently at these sorts of rich valuations.