Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the
risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan
assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional
capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the
risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
In 2010, in the wake of the financial crisis, the Fed and its global counterparts signed the so - called «Basel III» accords, under which all countries agreed to raise the minimum level of
capital banks must hold to 8 % of their
risk - adjusted
assets.
The ranking was based on five factors: Tier 1
capital compared with
risk - weighted
assets; nonperforming
assets against total
assets; loan - loss reserves to nonperforming
assets; deposits to funding; and efficiency, a measure of costs to revenue.
But let me qualify that this section only applies to
capital that you are willing to lose; high -
risk capital should be a small percentage of your overall
asset allocation.
Securitized
assets such as mortgages, properties or whole businesses, are another way of reducing
risk as lenders are higher up the
capital structure, and management is restricted on what can happen to the
assets.
Part of this underperformance was due to selling during crashes and buying during booms, part of it had to do with frictional expenses such as brokerage commissions,
capital gains taxes, and spreads, and part of it was the result of taking on too much
risk by investing in
assets that weren't understood.
10 The Firm calculates its Tier 1
capital ratio and
risk - weighted
assets in accordance with the
capital adequacy standards for financial holding companies adopted by the Federal Reserve Board.
To the extent that the factors affecting
capital flows act to raise
asset prices, lower interest rates and reduce
risk premiums, it is harder for the markets to assess how much of the currently very favorable conditions are likely to reflect fundamentals and prove more durable.
A company with negative working
capital (more liabilities than
assets) is generally seen as being in financial
risk for increased debt (which may lead to bankruptcy).
Based on Personal
Capital's model portfolio recommendation for someone my age (37), with my moderate
risk tolerance and objective of a 6 - 9 % annual return, here is the recommended
asset allocation.
The Tier 1 common ratio equals Tier 1 common
capital divided by
risk - weighted
assets.
The Tier 1
capital ratio equals Tier 1
capital divided by
risk - weighted
assets.
As you grow your
assets to the hundreds of thousands or millions of dollars, you aren't going to be whipping around your
capital as easily as before because your
risk tolerance will change.
PNC's Corporate & Institutional Banking group provides insight into maximizing cash flow, raising
capital, mitigating
risk, growing internationally and managing
assets along with the latest economic reports.
That should cause
risk assets to re-price lower and encourage
capital flows to fixed income.
Jensen's alpha takes into consideration
capital asset pricing model (CAPM) market theory and includes a
risk - adjusted component in its calculation.
Its Tier 1 common
capital ratio increased to 11.24 percent of
risk - weighted
assets as of June 30 from 8.23 percent a year earlier.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible
assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility of
capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations;
risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible
assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations of the Company in the expected time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility of
capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations;
risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.
In the January 2013 version of their paper entitled «Conditional
Risk Premia in Currency Markets and Other Asset Classes», Martin Lettau, Matteo Maggiori and Michael Weber explore the ability of a simple downside risk capital asset pricing model (DR - CAPM) to explain and predict asset retu
Risk Premia in Currency Markets and Other
Asset Classes», Martin Lettau, Matteo Maggiori and Michael Weber explore the ability of a simple downside risk capital asset pricing model (DR - CAPM) to explain and predict asset ret
Asset Classes», Martin Lettau, Matteo Maggiori and Michael Weber explore the ability of a simple downside
risk capital asset pricing model (DR - CAPM) to explain and predict asset retu
risk capital asset pricing model (DR - CAPM) to explain and predict asset ret
asset pricing model (DR - CAPM) to explain and predict
asset ret
asset returns.
The impact of central bank
asset purchases on the financial markets remains wholly dependent on investor psychology, particularly the willingness of investors to chase yield and to ignore any
risk of
capital loss.
According to Asgeir Jonsson, an economist at Reykjavik - based
asset manager Gamma, «If the development continues without interference, this will lead to a property bubble within the next two years» and «There's a greater
risk of an
asset bubble being created in an economy that is closed off behind
capital controls.»
There were six charts — credit spreads in overseas bond markets, credit to GDP, credit growth, house prices, banks» impaired
assets and
risk - weighted
capital ratios.
Model 1 - Preservation of
Capital Asset allocation models designed for the preservation of capital are largely for those who expect to use their cash within the next twelve months and do not wish to risk losing even a small percentage of principal value for the possibility of capital
Capital Asset allocation models designed for the preservation of
capital are largely for those who expect to use their cash within the next twelve months and do not wish to risk losing even a small percentage of principal value for the possibility of capital
capital are largely for those who expect to use their cash within the next twelve months and do not wish to
risk losing even a small percentage of principal value for the possibility of
capitalcapital gains.
The Company's mission is to preserve and grow
capital by producing above - average absolute returns with low correlation to traditional
assets and manageable
risk.
When investors look for less yield and more total return (
capital appreciation) in certain
asset classes, the equity sensitivity also plays an increasing role in absolute
risk.
Anyone versed in the industry will be able to tell that increased litigation threats arising from portfolio company bankruptcies, dissatisfied investors, regulatory investigations and employment practices suits are now forming new levels of
risk for venture Capitalists and venture
capital firms, as well as the personal
assets of their managers and employees.
«Fiona's investment and governance skills, combined with her strong understanding of
asset owners and global markets gained from experience at Link Administration Holdings and Frontier Advisors, will help us grow our world class
capital and
risk platforms.»
CBA told the ASX the $ 1 billion
capital penalty would increase
risk weighted
assets by $ 12.5 billion and reducing common equity tier 1
capital (CET1) ratio by 29 basis points from 10.4 per cent to 10.1 per cent.
At MWM, our client commitment is to preserve
capital, manage
risk, and grow your
assets in an ever - changing global environment.
Potential annuity purchasers become more exposed to longevity
risk the lower the returns they earn on their
assets (your
capital is more likely to run out if you aren't earning enough interest to fund your retirement).
Long before Basel, the preferred
capital ratio was core
capital to total
assets, with no adjustment in the denominator for any
risk - weights.
However, more bank
capital could reflect more
risk - taking on the
asset side of the balance sheet.
If we can avoid
capital losses in the near term and then buy investment - worthy
assets after they have dropped in price and offer much less
capital risk and much higher income yields again, then there is hope for higher compound returns for many years thereafter.
The best
asset allocation for you should consider your age,
risk tolerance, how long you expect to work (your human
capital) as well as where you work.
Since the start of this decade the rate of growth of what was perceived to be low
risk assets at many banks, was significantly higher than the rate of growth of
capital, a trend that played a great part in the collapse of many financial institutions.
In addition, Fed commentary alone had caused real global
capital to recede from QE beneficiary
risk assets such as emerging market equities, bonds and currencies as well as precious metals, commodities and developed economy fixed income vehicles.
«When people do try to measure investment
risk, they typically assess the historic volatility of an investment compared to that of the overall market (known as beta), which derives from
capital asset pricing theory.
The strategic beta ETFs offered by Hartford Funds are designed to help address investors» evolving needs by leveraging a unique
risk - optimized approach, which identifies
risks within each
asset class and then deliberately and systematically re-allocates
capital toward
risks more likely to enhance return potential.
Examples of these
risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the
risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional
capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our
assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit
risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «
Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
The destructive power of leverage was compounded in the banking industry by
capital rules that
risk - adjust
assets and the
assets that caused such stress in many banks were «highly rated
assets» and therefore, required very little
capital.
I expect you have all reviewed Basel III and know that it has redefined
capital and
risk assets, the effect of which is to turn swans into ugly ducklings.
The financial regulatory system operates de facto on a national basis monitoring major financial institutions operating within the national territory, deciding on detailed rules and interpretations governing inter alia the definition of riskiness of
assets, the computation of
capital, on and off balance sheet items and so on; it also in principle takes a view of the systemic
risks which may arise within the national financial system.
It would have to reduce the
risks of high - carbon
assets while simultaneously scaling up
capital for the low - carbon transition.
Webster Bank is a public company with $ 26 billion in
assets, strong
risk - based
capital ratios, and financial stability.
Asset allocation works hand in hand with
risk aversion because if an investor is more
risk averse and wants to preserve
capital they may decide to purchase a collection of various blue chip large cap stocks in addition to bonds and certificates of deposit so if any one sector or instrument drops significantly the overall portfolio isn't as negatively affected.
So having a long time horizon allows you to allocate more
capital to higher -
risk, higher - return
asset classes without worrying about short - term price fluctuations.
Although there are no guarantees, below are a few
assets that we think, in combination, have the potential to not only help preserve
capital in the present environment, but hopefully continue to grow it in a good
risk - adjusted manner:
To calculate the equity
risk premium, we can begin with the
capital asset pricing model (CAPM), which is usually written:
It is not the banks that are so much at
risk, though some will have to collapse conduits and bring
asset back onto their balance sheets, lowering
capital ratios.