Two Factors: Volatility and Credit Spread To achieve better security selection, we chose two factors that empirically have demonstrated a strong relationship
between factor exposure and performance statistics and that have long been incorporated in investment analysis by corporate bond portfolio managers.
Not exact matches
Given that valuations and market action have generally been a useful guide to setting investment
exposure in normal post-war market cycles, it may be helpful to detail how these
factors behaved during the period
between 1929 to 1935, which represents the greatest period of credit strains observed in U.S. data.
Several
factors to consider when implementing a personalized approach are the overall equity
exposures between the U.S. and foreign markets, hedging and alternative investments.
Involvement in the multitudinous problems of a rapidly expanding urban area or
exposure to the increasingly bitter struggle
between labor and management or entanglement in the luxuriant and rank growth so abundantly fostered by the new wealth of the «gilded age»: these and other
factors caused many men to re-examine their roles as ministers and to seek more effective ways of ministering to the needs of their time.11 Perhaps the most important thing that happened to such men was that they became aware of the many
factors bearing on human welfare and thus of importance to the Christian gospel.
In any study, confounders are the other
factors that might influence the result of an association
between two things, usually an
exposure and an outcome.
Detailed data regarding breastfeeding
exposure and adequate control for confounding
factors are necessary for valid estimates of the relationship
between breastfeeding and later intelligence, but no study to date has fulfilled these requirements.
An emerging body of literature in adults has begun to establish clear associations
between gut microbiome composition and a wide range of health outcomes.1 - 6 In contrast, comparatively little is known about the gut microbiome in infants and children, the
exposures that shape it, and its lifelong health effects.7 Although limited in their size and scope, a number of studies have established associations
between intestinal microbiome profiles in infants, delivery mode, and / or breast milk exposure.8 - 15 These
factors both have long - term health consequences.
It is also important to be careful to distinguish
between those
factors that are confounders, and those that might best be viewed as mediators or explanatory
factors involved in accounting for observed associations
between breastfeeding
exposure and outcome, such as the quality of the subsequent mother - infant relationship.
The most recent study report described in these same regions decreased tissue levels of 5 - HT and tryptophan hydroxylase, the synthesizing enzyme for serotonin, and no evidence of excessive serotonin degradation as assessed by levels of 5 - hydroxyindoleacetic acid (the main metabolite of serotonin) or ratios of 5 - hydroxyindoleacetic acid to serotonin.30 A recent article described a significant association
between a decrease in medullary 5 - HT1A receptor immunoreactivity and specific SIDS risk
factors, including tobacco smoking.40 These data confirm results from earlier studies in humans39, 41 and are also consistent with studies in piglets that revealed that postnatal
exposure to nicotine decreases medullary 5 - HT1A receptor immunoreactivity.42 Animal studies have revealed that serotonergic neurons located in the medullary raphe and adjacent paragigantocellularis lateralis play important roles in many autonomic functions including the control of respiration, blood pressure, heart rate, thermoregulation, sleep and arousal, and upper airway patency.
Cardiovascular phenotyping
between the ages of 60 and 64 years with carotid intima media thickness (cIMT; a surrogate marker for cardiovascular events) was used to assess the effect of lifetime
exposure to adiposity on cardiovascular risk
factors.
Above all, there is a new emphasis on the interaction
between vulnerable genes and environmental triggers, along with a growing sense that low - dose, multiple toxic and infectious
exposures may be a major contributing
factor to autism and its related disorders.
A focus of her current work is assessing the relationship
between social inequality, psychosocial stress and how these
factors may interact with chemical
exposures to amplify pollution / health outcome relationships and produce environmental health inequalities.
In a cooperative effort
between Duke and Duke Kunshan University, researchers found higher
exposure to ground - level ozone led to higher blood pressure and blood platelet activation — risk
factors for cardiovascular health.
Our objective was to develop an eco-epidemiological modeling approach to characterize the spatial relationships
between areas of higher than expected ALS incidence and lake water quality risk
factors derived from satellite remote sensing as a surrogate marker of
exposure.
For many of these women, I connect the dots
between how lifestyle
factors including drinking and smoking,
exposure to environmental toxins, and being chronically stress contribute to and exacerbate sex hormone imbalances.
The delicate balance
between the human microbiome and the development of psychopathologies is particularly interesting given the ease with which the microbiome can be altered by external
factors, such as diet, 23
exposure to antimicrobials24, 25 or disrupted sleep patterns.26 For example, a link
between antibiotic
exposure and altered brain function is well evidenced by the psychiatric side - effects of antibiotics, which range from anxiety and panic to major depression, psychosis and delirium.1 A recent large population study reported that treatment with a single antibiotic course was associated with an increased risk for depression and anxiety, rising with multiple
exposures.27 Bercik et al. 28 showed that oral administration of non-absorbable antimicrobials transiently altered the composition of the gut microbiota in adult mice and increased exploratory behaviour and hippocampal expression of brain - derived neurotrophic
factor (BDNF), while intraperitoneal administration had no effect on behaviour.
It is nevertheless difficult to define the association
between caffeine and reproductive health as confounding
factors such as changes in diet, smoking, and incorrect or imprecise assessment of the duration of
exposure to caffeine may limit the ability to draw clear conclusions1.
So we want to make sure people are differentiating
between alpha which could be skill based, but beta which just is a systematic
exposure to a common
factor and doesn't involve any individual stock picking, nor really any market timing either.
Pzena: Successful Value Investing Provides More Than Passive
Exposure to a Value «
Factor» This Valuewalk article summarises a recent letter by Pzena Asset Management which discusses the Value Cycle and how many Value Managers have underperformed their growth and momentum counterparts (leaving aside any arguments about the blurred lines
between the style distinctions of value and growth).
Whether to start a vaccination series or not after a suspected rabies
exposure depends on several
factors to be discussed
between the victim and the attending physician in consultation with local health authorities.
Exposure to fleas and flea feces is believed to be the most important
factor for transmission of Bartonella
between cats.
Likewise, while links
between external cancer - causing agents — such as environmental carcinogens,
exposure to sunlight, viruses, and vaccine injections — have been established in relation to various other forms of feline cancer, these
factors do not appear relevant to the onset of mammary cancer in cats.
As
exposure to poverty is well known to be strongly associated with a variety of negative life experiences, the role that these risk
factors appeared to play in the relationship
between poverty and alterations in brain development elucidates more specific targets for prevention.
In 2010, more than 1 in 5 children were reported to be living in poverty.6, 10 Economic disadvantage is among the most potent risks for behavioral and emotional problems due to increased
exposure to environmental, familial, and psychosocial risks.11 — 13 In families in which parents are in military service, parental deployment and return has been determined to be a risk
factor for behavioral and emotional problems in children.14 Data from the 2003 National Survey of Children's Health demonstrated a strong linear relationship
between increasing number of psychosocial risks and many poor health outcomes, including social - emotional health.15 The Adverse Childhood Experience Study surveyed 17000 adults about early traumatic and stressful experiences.
The reasoning behind this proposition is that: A) EBHV programs are designed to serve women categorized as «at - risk» due to a variety of demographic
factors, including single - parent household status, age at time of first pregnancy, being categorically undereducated, under or unemployed, and meeting federal standards of living at or below the poverty line; B) these programs serve women during pregnancy and / or shortly after the birth of their children, offering an excellent chance for the early prevention of trauma
exposure; and C) intervention services are provided at the same times that attachment (whether secure or insecure) is being developed
between mothers and children, providing the opportunity that generational risk may be mitigated.
The Relationship
between Adolescents «
Exposure to Internet Pornography and Deviant Sexual Activities: Focusing on Mediated Effects of Perceptional
Factors
We used multiple regression to assess the association
between risk
factors and
exposure to movie smoking.
Based on the overall pattern of odds ratios for poor health and illness, there was some support for the hypothesized relationship
between the extent of
exposure to adverse
factors and negative health outcomes (ie, odds ratios tended to increase relative to 1 vs 0 to ≥ 4 vs 0 adversities).
Family structure — single motherhood in particular — has been identified in a number of studies as an important correlate of children's behavioural and social adjustment.18 Substance abuse, 19 genetic differences, 20 and
exposure to early trauma21 are other possible
factors that may account for the link
between low family incomes and children's behavioural problems.
There is, for example, evidence for a link
between family stress and compromised immuno - functioning in adults and to a lesser degree in children.28 Regardless of the
factors that increase
exposure to adverse social circumstances, the source of social adversity did not arise from crowding, financial strain, and low education, because these variables were also included in the analysis.
Specifically analyzes the connection
between adolescent risk
factors and early
exposure to alcohol, tobacco, and marijuana use.
Although the dynamic interplay
between various risk and protective
factors in refugee psychological health is not fully understood, there is widespread agreement that of those pre-migration
factors that pose serious risk, trauma
exposure is the single most identified (Berman, 2001).
Colorado's Strong Start Study: Helping Young Families Affected by Substance Use Build Protective
Factors to Prevent Maltreatment [Presentation Slides](PDF - 557 KB) University Centers for Excellence in Developmental Disabilities (UCEDD) Technical Assistance (TA) Institute (2013) Highlights the collaborative partnership
between the Colorado Department of Human Services» Division of Early Childhood and Division of Behavioral Health to address the increase in substance use by women since the mid-1980s, the rate of prenatal drug
exposure, and child maltreatment.
This could be an artifact caused by premature mortality in people with multiple adverse childhood
exposures; the clustering of multiple risk
factors among people with multiple childhood
exposures is consistent with this hypothesis.29 Thus, this potential weakness may have resulted in underestimates of the true relationships
between ACEs and the illicit drug use outcomes.41
An ANOVA model including gender,
exposure to early trauma, and MAOA genotype as
between - subjects
factors showed significant MAOA × ETLE (F1, 227 = 8.20, P = 0.005) and gender × MAOA × ETLE (F1, 227 = 7.04, P = 0.009) interaction effects.
A number of influential
factors have been established including financial hardship, mothers» lack of social support and children's
exposure to conflict and hostility
between parents before, during and sometimes after separation or divorce (Amato, 2000; Pryor and Rodgers, 2001).
Next, we will capitalize on the prospective, longitudinal design to examine (2) how the developmental timing of violence
exposure may affect changes in offspring adjustment across adolescence; (3) risk and protective
factors (e.g., effortful control, parent monitoring) that may mediate associations
between violence
exposure in childhood and adolescence adjustment; (4) intergenerational transmission of IPV (and parent aggression) and the circumstances whereby parents» developmental risk
factors (e.g.,
exposure to IPV during childhood) increase the occurrence of IPV (and parent aggression) in adulthood and the risk of child adjustment difficulties.
Parental separation may also expose children to loss of social, economic and human capital.4, 14 Other explanatory
factors may derive from characteristics typical of separating parents such as lower relationship satisfaction and higher conflict levels also before the separation.4 The rising numbers of children with JPC have concerned child clinicians as well as researchers on the subject.20, 21 Child experts have worried about children's potential feelings of alienation from living in two separate worlds, 20 — 22 increased
exposure to parental conflict12, 22 and other stressors that JPC may impose on a child.22 Such daily stressors may be long distances to school, friends and leisure activities, lack of stability in parenting and home environment and a need to adjust to the demands of two different family lives.12, 22 The logistics of travelling
between their homes and keeping in contact with friends has been stated as a drawback of JPC in interview studies with children.23 — 25 Older adolescents, in particular, indicated that they preferred to be in one place.23
For infants with prenatal cocaine
exposure, an understanding of relations
between these dyadic
factors will help to identify dyads at highest risk for subsequent developmental difficulties.
The linkages
between war
exposure and adjustment in adolescents are dependent in part on interpersonal
factors such as attachment [19].