The Oakmark Global Select Fund has outperformed the average of Oakmark and Oakmark International in six of the nine ensuing calendar years and has also achieved
a higher cumulative return.
Interestingly, this phenomenon reversed in large stocks, with B / M - based strategies producing slightly
higher cumulative returns in large stocks.)
Value determined on the basis C / P or E / P combined with GS produced slightly
higher cumulative returns averaged across all firms for the period of the study.
Though the screen has one of
the highest cumulative returns since 1998, it also has the highest standard deviation of any growth & value strategy.
Not exact matches
Here are the companies that have shown the
highest total
cumulative return over the last five years:
Over time, the
cumulative return grows even more as the benefit of
higher rates compound.
Figure 1, which shows the trends in average
return on invested capital (ROIC) and
cumulative after - tax operating profit (NOPAT) for the sector over the past few years, clearly shows that profits are flat to down and not driving stock valuations
higher.
As you can see, the one percentage point increase in interest rates results in a loss for Year 1, but by Year 2 the
cumulative return turns positive because interest and principal reinvest at
higher rates.
Its
cumulative return was lower and the volatility (measured as a standard deviation of monthly
returns)
higher than those of its reference ETF portfolio.
AAII Model Portfolios Model Shadow Stock Portfolio Reaches an All - Time
High A rally in micro-cap stocks helped drive the portfolio's cumulative return to an all - time h
High A rally in micro-cap stocks helped drive the portfolio's
cumulative return to an all - time
highhigh.
The All Asset and All Authority strategies have provided attractive
cumulative returns since January 2016, when market conditions became more supportive of tactically elevated exposure to select «Third Pillar» assets (inflation - linked investments,
high yield bonds, emerging market (EM) assets).
In 2000, I wrote a short paper entitled «Death of the Risk Premium,» with Ron Ryan, which was received with widespread derision, but ultimately proved correct: plain old 10 - year government bonds have produced
higher returns than stocks since then, by a
cumulative margin of over 30 %, despite the durable bull market since 2002.
The fund significantly underperformed its reference ETF portfolio in terms of both a lower
cumulative return and
higher volatility.
The fund's
cumulative return was over 23.3 % lower than that of its reference ETF portfolio of a slightly
higher volatility.
The graph and table below show the
cumulative total
return of eleven different value - weighted sub-portfolios - stocks that do not pay a dividend, and then ten deciles ranking dividend yield from lowest to
highest.
The Indicator's three - year report also ending December 2015 reflects a
cumulative total
return outperformance of 5.3 % and a 2.1 %
higher net income.
In the case of Arrowhead, its subsidiary,
Cumulative, which holds 100
high - yielding office, retail and industrial properties valued at R1.9 billion, will be acquired by Synergy in
return for the issue of Synergy B shares to Arrowhead.