Sentences with phrase «cheaper factor loadings»
The research we present in this article provides evidence that valuations are a key reason for this mean reversion: underperforming managers tend to hold cheaper assets, with cheaper factor loadings, setting them up for good subsequent performance, whereas recently winning managers tend to hold more - expensive assets.
https://www.researchaffiliates.com/ Not exact matches
Just because a stock is cheap on a book value basis does not mean that it's cheap 0nce its debt load is factored into the valuation.
It's a very tough business because the marginal cost of a seat is practically nothing, you have these huge fixed costs and if you take one more person on board there's virtually no cost to it, so you're very tempted to sell that last seat too cheap, and if you sell the last seat too cheap it becomes the first seat in a way... the hope is that they keep orders [of aircraft] in reasonable relationship to potential demand and lately they've been operating at 80 % [load factors] for a while.