A closely watched investment - performance ratio
called return on equity is well below levels achieved a decade ago.
Not exact matches
In the July 2010 version of their paper entitled «The Impact of Investor Sentiment
on the German Stock Market», Philipp Finter, Alexandra Niessen - Ruenzi and Stefan Ruenzi test the predictive power of a composite sentiment measure combining consumer confidence, net
equity mutual funds flow, put -
call ratio, aggregate trading volume, initial public offering (IPO)
returns, number of IPOs and aggregate
equity - to - debt ratio of new issues.
A big drop in
returns would be particularly vexing for pension funds, which are counting
on private
equity, hedge funds and other so -
called alternative investments to help them meet their mounting liabilities.
Bayelsa State Governor, Seriake Dickson,
on Friday
called for a
return to a truly federal state that would ensure fairness and
equity.
Luis Mirón, director of the Loyola Institute for Quality and
Equity in Education at Loyola University, said the success of what he
called the «charter surge» has been based
on temporary measures — a recovery school district that will eventually
return schools to the Orleans Parish School Board and millions in federal recovery dollars, he said.
Extensive research details a
return premium associated with corporate profitability, measured by metrics such as operating profitability,
return on equity, and
return on assets.10 Novy - Marx (2013) suggested that the so -
called profitability anomaly (labeled as such because it defies the efficient market hypothesis) results from investors» limited attention, a form of cognitive and behavioral bias.
The problem with cash -
on - cash
return (or as stock market investors
call it,
returns on equity) is all you need to do to increase your
return on equity is borrow more money.
I am not making a judgement
call on the exact rate you have assumed (the 12 %) as I know that is more conservative than what has been achieved historically but I would like to hear your thoughts
on how / where Markel can deploy that capital to continue to achieve those types of
returns on equity?
They focus
on net fund alphas, meaning after - fee
returns in excess of the risk - free rate, adjusted for exposures to three kinds of risk factors well known at the start of the sample period: (1) traditional
equity market, bond market and credit factors; (2) dynamic stock size, stock value, stock momentum and currency carry factors; and, (3) a volatility factor specified as monthly
returns from buying one - month, at ‐ the ‐ money S&P 500 Index
calls and puts and holding to expiration.
I decided to create a new measure
called constant
return on equity [CROE], where I adjusted for capital employed, and calculated the internal rate of
return of the free cash flows.
One of the great unexplained curiosities of the mutual fund industry is its unwillingness to
call attention to the vital role of investment income in shaping the
returns on equities.
Two years later, Amin Mawani, Moshe Milevsky, and Kamphol Panyagometh published a paper in the Canadian Tax Journal
called The Impact of Personal Income Taxes
on Returns and Rankings of Canadian
Equity Mutual Funds.
I certainly would not
call equity REITs as a group cheap; future
returns rely
on property price appreciation, which doesn't seem likely to me at present.
Fixed - index annuities (aka:
equity - indexed annuities) base their
return on a
call option
on an index, usually the Standard & Poor's 500 Index.