Sentences with phrase «decile results»
Those value decile results are based on a rolling 1 - year hold period, not a 10 - 15 year holding period (over which value and any other factor dies out...)
http://www.millennialinvest.com/ Not exact matches
For each decile, we've subtracted the 1986 - 2016 average price / revenue ratio for that decile, dividing the result by the standard deviation of valuations in that decile (again from 1986 - 2016).
We tested the decile approach and the joint approach in Quantitative Value, substituting better performing value metrics and found different results.
As a result, schools in the smallest decile were much more likely to be among the top 25 schools at some point over the period: Even though their mean gains were not statistically different, the smallest schools were 23 times more likely to win a top - 25 award than the largest schools.
That said this metric's results are very consistant through time and between deciles.
Calculating BMDEV for the 3500 or so existing funds during that period, ranking them by decile within peer group, and then assessing subsequent bear market performance provides an encouraging result... funds with the lowest bear market deviation (BMDEV) well out - performed funds with the highest bear market deviation, as depicted below.
We tested the decile approach and the joint approach in Quantitative Value, substituting better performing value metrics and found different results.
Also, in an earlier post you show the results of a P / TB broken out by decile here (https://greenbackd.com/2010/10/29/donald-g-smith-in-the-fall-2010-graham-and-doddsville-newsletter/).
While I think LSV's selection of price - to - earnings and price - to - book as indicia of value in the aggregate probably means that value had some influence on the results, I don't think they can definitively say that the cheapest stocks were in the «value» decile and the most expensive stocks were in the «glamour» decile.
While there may be a value effect in these results, the deciles were constructed on price performance alone.
Simmonds and Keay (2002) obtained similar results for the change in the number of cyclones in the decile for deepest cyclones averaged over the North Pacifi c and over the North Atlantic in winter over the period 1958 to 1997.