For instance, the blue dot on the value factor scatterplot suggests that prior to March 2016 the valuation
level of 0.14 — meaning the value portfolio was 14 % as expensive as the growth portfolio measured by price - to - book ratio, and lower than the historical norm of 21 % relative valuation — would have delivered an
average annualized
alpha of 8.1 % over the next five years.
An
average multi-core score of 3,132 pitches the
Alpha's performance
level slightly ahead of the Galaxy S5, which managed 2,909 in our test.