The five - factor used to be the premier example of where there was a reward
for factor exposure where you expected to get a larger return from a small - cap stock from some large stocks.
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.
Exposure to such investment
factors may detract from performance in some market environments, perhaps
for extended periods.
There can be no assurance that performance will be enhanced or risk will be reduced
for funds that seek to provide
exposure to certain quantitative investment characteristics («
factors»).
In an ongoing series of white papers, which started with «Finding Value: Understanding
Factor Investing,» MSCI Research is exploring
factors that identify specific risk
exposures with the potential
for an accompanying premium.
SUMMARY It's difficult to rationalise why there should be excess returns from high quality stocks The Quality
factor needs to be constructed beta - neutral to achieve positive returns
Exposure to the Quality
factor is an attractive hedge
for an equity - centric portfolio INTRODUCTION The concept of
They then form portfolios
for the most relevant clusters that are long (short) stocks
for which events have occurred (same - industry stocks
for which there are no events), with positions weighted to eliminate
exposures to market, size and value
factors.
The O'Shares FTSE Russell Small Cap Quality Dividend ETF tracks an index of US small - cap stocks weighted
for exposure to quality, low volatility, and high yield
factors.
Smart beta strategies, which focus on
exposure to
factors, variables that can be controlled and expenses, may be well suited
for navigating the type of market that we are currently encountering and anticipating.
For portfolios that are invested in a selection of «building - block» strategies, rather than managed holistically, with full access to a wide range of investment tools and techniques, it is just as important to «look through» to underlying holdings to take account of
factor exposures.
We could,
for example, use option positions to gain long
exposure to the volatility
factor or potentially create asymmetric outcomes.
Each month
for investment grade and high yield bond market segments separately, they construct an equally - weighted long - only portfolio consisting of the 10 % of bonds with the highest
exposure to each
factor.
In 2008, the Journal of Sports Economics published a study that suggested a recruit's decision on where to attend college is «governed by a handful of primary
factors» including «the opportunity
for individual success and
exposure, a team's recent on - field success and the distance to the school from his hometown.»
Exposure to secondhand smoke, both as a developing fetus and after birth, is a significant risk
factor for SIDS.
He described the goal of reducing the overall number of head impacts that high school football players sustain in a season as «logical» and «appealing,» but noted that, «until the risk
factors for chronic traumatic encephalopathy [25](CTE) are better defined by carefully designed and controlled research,» and research determines «what the advisable limit to head impact
exposure should be,» employing contact limits or establishing «hit counts [4]» will remain «educated guesses, at best.»
Post-partum depression poses substantial adverse consequences
for mothers and their infants via multiple direct biological (i.e., medication
exposure, maternal genetic
factors) and environmental (i.e., life with a depressed mother) mechanisms.8, 9 From the earliest newborn period, infants are very sensitive to the emotional states of their mothers and other caregivers.10, 11 Maternal mood and behaviour appear to compromise infant social, emotional and cognitive functioning.11 - 15 As children grow, the impact of maternal mental illness appears as cognitive compromise, insecure attachment and behavioural difficulties during the preschool and school periods.6,16 - 19
Indeed, a long duration of breastfeeding (> 7 months) has been associated with a reduced risk of overweight and obesity, 2 while a short duration (≤ 4 months) may not be sufficient to obtain the beneficial effects of breastfeeding.3 Another confounding
factor is early
exposure to antibiotics, which is increasing even
for minor infections.
Depending upon where you live and how dark your skin is, going outside regularly may be all that is required
for you or your baby to generate adequate amounts of vitamin D. However, one of the problems with getting your vitamin D with sun
exposure is simply that it's hard to determine how much time outside is needed since it depends on so many
factors (skin tone, latitude, time of year, how much skin is exposed, amount of air pollution, etc.) Keep in mind that there is also a concern of sunburn and increased risk of skin cancer with too much sun
exposure.
Several studies have also attempted to understand the role of breastfeeding on IQ, and although some authors conclude that the observed advantage of breastfeeding on IQ is related only to genetic and socioenvironmental
factors, a recent meta - analysis showed that after adjustment
for appropriate key co-
factors, breastfeeding was associated with significantly higher scores
for cognitive development than formula feeding.6 Longer duration of breastfeeding has also been positively associated with intelligence in adulthood.22 We also observed the benefits of long - term breastfeeding on mental indices, along with the indirect benefit of balancing the impact of
exposure to p, p ′ DDE after adjustment
for some socioeconomic variables.
While smoking remains the biggest risk
factor for COPD, the study demonstrates that childhood illnesses (such as asthma, bronchitis, pneumonia, allergic rhinitis, eczema) and
exposures to parental smoking are also linked to the disease.
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.
Some risk
factors for childhood cancers, including leukemia, have been identified, such as Down syndrome and
exposure to ionizing radiation and viruses such as Epstein - Barr virus.
Mastitis is most common in the first 2 - 3 weeks (as your supply is regulating, etc. as we discussed above), and other risk
factors include: cracked nipples (which can cause a portal of entry
for bacteria), hospital stay (due to increased risk of
exposure to bacteria that could cause harm), previous history of mastitis, weakened immune system, stress and fatigue.
Aside from sleep position, smoke
exposure is the largest contributing risk
factor for SIDS.149 It is estimated that one - third of SIDS deaths could be prevented if all maternal smoking during pregnancy were eliminated.214, 215 The AAP supports the elimination of all tobacco smoke
exposure, both prenatally and environmentally.216, 217
In utero
exposure to opiates (primarily methadone and heroin) has been shown in retrospective studies to be associated with an increased risk of SIDS.223, 224 With the exception of 1 study that did not show increased risk, 225 population - based studies have generally shown an increased risk with in utero cocaine
exposure.226, — , 228 However, these studies did not control
for confounding
factors.
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.
Smoke
exposure adversely affects infant arousal207, — , 213; in addition, smoke
exposure increases risk of preterm birth and low birth weight, both of which are risk
factors for SIDS.
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.
Final selection of the co-developer
for the joint venture will be based on several
factors, including
exposure in handling projects of similar nature and financial strength of the developer.
Study limitations include that authors were unable to assess certain risk
factors for melanoma not captured in the data, including information regarding lifetime sun
exposure.
«Our other research study into London's air quality, published this week in Atmospheric Environment, investigated the underlining
factors responsible
for the air pollution
exposure in urban environments.
This fashion faded in the 1960s as effective treatments, such as vaccines and antibiotics, became available and people became aware that sun
exposure and sunburn during childhood were strong risk
factors for developing skin cancer in later life.»
Radiation
exposure levels
for most people were elevated so minutely above background that it may be impossible to tease out carcinogenic effects from other risk
factors, such as smoking or diet.
A previous report from URECA that assessed the microbiome of house dust collected in the first year of life suggested that
exposure to certain bacteria during infancy may protect 3 - year - olds from recurrent wheezing, a risk
factor for developing asthma.
PCBs
exposure in Anniston residents under 55 trumped both age and family history as a risk
factor for diabetes.
Maternal
factors include maternal size, weight, weight
for height, nutritional state, anemia, high environmental noise
exposure, cigarette smoking, substance abuse, or uterine blood flow.
While smoking remains the biggest risk
factor for COPD, the study demonstrates that childhood illnesses (such as asthma, bronchitis, pneumonia, allergic rhinitis, eczema) and
exposures to parental smoking are also linked to the disease.
The authors then statistically adjusted
for factors including sun
exposure levels, wrinkling, age and sex, and found that their MCR1 findings persisted.
The scientists also discovered that this new genetic association held true even after accounting
for factors like wrinkling, reported sun
exposure and varied skin tone (pale versus olive).
«One in five Americans will get skin cancer in their lifetime, and sun
exposure is the most preventable risk
factor for skin cancer,» said Dr. Lim.
Environmental risk
factors and
exposures can also contribute to BD risk, according to the analysis by Ciro Marangoni, MD, at the Department of Mental Health, Mater Salutis Hospital, Legnato, Italy; Gianni L. Faedda, MD, Director of the Mood Disorder Center of New York, NY, and Co-Chairman of a Task Force of the International Society
for Bipolar Disorders on this topic; and Professor Ross J. Baldessarini, MD, Director of the International Consortium
for Bipolar & Psychotic Disorders Research of the Mailman Research Center at McLean Hospital in Belmont, Mass..
While elevated levels of vitamin D have been associated with a decreased risk of MS in adulthood, some previous research also has suggested that vitamin D
exposure in utero may be a risk
factor for MS in later life.
This relationship held true independent of age, gender, body mass index (BMI), skin type, sun
exposure and other risk
factors for melanoma.
Which
exposures in everyday life do you consider the greatest risk
factors for breast cancer?
The study adjusted
for several
factors, including age, race, length of Ground Zero
exposure and smoking.
They also tracked Apolipoprotein E (APOE 4), a well - known genetic risk
factor for Alzheimer's, as well as lifetime cumulative
exposure to unhealthy levels of PM2.5 — particles which are at least 30 times smaller than the diameter of a human hair and frequently cause the haze over urban areas.
«One of the biggest risk
factors for someone acquiring C. difficile is
exposure to antibiotics.
Together with the maps the research team have produced contextual information on known risk
factors for health conditions and a summary of current knowledge about possible association of health effects with environmental
exposures.
This research team notes that although healthcare
exposure to infection was the most important risk
factor for the development of MERS - CoV infection, in the ICU setting, where more strict infection control measures were applied (single rooms, dedicated 1:1 nurses, and better compliance with hand hygiene and isolation precautions), only one healthcare worker acquired the infection and no patient - to - patient transmission occurred.
Based on findings
for a paper he and colleagues wrote more than 20 years ago on diathesis — a Greek term
for disposition or vulnerability, Vitaliano argues that psychiatric states and psychological outcomes are a function of
exposure to stressors and vulnerabilities (early family environment, genetic
factors, disposition).