Sentences with phrase «for glamour stocks»

As the chart below indicates, [Lakonishok, Shleifer, and Vishny] found that performance for glamour stocks was outpaced by performance for their value counterparts.

Not exact matches

This is uncomfortable for hedged - equity in the short - run, because the glamour stocks drive gains in the major indices that aren't sufficiently matched by gains in broadly constructed stock portfolios — particularly those following value - conscious strategies.

While these network effects have generated enormous revenues, today's glamour stocks also trade at earnings and price / revenue multiples that have historically been reserved for companies at a much earlier point in their growth trajectories, not for mature companies with already overwhelming market share.

Following the Fed move, investors went straight for the glamour tech stocks, dumping utilities, pharmaceuticals, consumer staples, hospital stocks, insurance stocks - anything that smacked of safety or value.

LSV (and Haugen, Montier, and many others since LSV) showed that when using the various proxies for risk — Beta, volatility, etc. — they could prove that value stocks exhibited less volatility than glamour stocks.

While these network effects have generated enormous revenues, today's glamour stocks also trade at earnings and price / revenue multiples that have historically been reserved for companies at a much earlier point in their growth trajectories, not for mature companies with already overwhelming market share.

This is uncomfortable for hedged - equity in the short - run, because the glamour stocks drive gains in the major indices that aren't sufficiently matched by gains in broadly constructed stock portfolios — particularly those following value - conscious strategies.

Following the Fed move, investors went straight for the glamour tech stocks, dumping utilities, pharmaceuticals, consumer staples, hospital stocks, insurance stocks - anything that smacked of safety or value.

The Non-U.S. value stocks have continued to outperform.As the second exhibit demonstrates, it's unusual for value to underperform glamour by so much and for so long.

The Glamour portfolio is the decile portfolio containing stocks ranked lowest on B / M, C / P, or E / P, or highest of GS and vice versa for the Value portfolio):

The trio found that, for each of these value / glamour criteria, value stocks outperformed glamour stocks by wide margins.

This chart shows that the dividend yield is a fair, but not great, metric for sorting stocks into value and glamour portfolios.

Market capitalization - weighted returns are useful for demonstrating that the outperformance of value over glamour is not a function of the value portfolios containing smaller stocks.

Admired companies are bid up like glamour stocks, and scorned companies are ignored like value stocks, which creates the opportunity for contrarian bet.

This phenomenon obviously presents a problem for the efficient markets crowd because the historic excess returns of value stocks over glamour stocks can not be explained by the traditional CAPM model.