Sentences with phrase «historical average levels»

Most of the remaining countries are trading near their historical average levels of valuation.

Plus, many expect that they will eventually rise closer to more historical average levels.

«It's really just a return to more historical average levels,» said Morrison.

As such, any spike in equity market realized volatility, even to historical average levels, has the potential to drive a significant amount of equity selling (much of it automated).

Not exact matches

The Bank of Canada observed that investment intentions were «somewhat less widespread,» but still at a level closer to the historical average.

«We expect correlations in the sector will revert back toward historical averages as investors differentiate between the various headwinds at a micro level,» Kostin said in the note.

US corporate spreads narrowed modestly over the three months since the last Statement, from levels already well below historical averages (Graph 16).

Profits after interest have tended to decline over the past couple of years, reflecting the impact of the 1994 interest rate increases and a tendency for corporate leverage to increase, but they remain at high levels compared with historical averages; they can be expected to receive a further modest boost as interest - rate reductions in the second half of last year begin to feed through into profit results.

It required both above average levels of philosophical historical knowledge and the assumption that the audience had taken in and remembered every single exchange between the two men over the past two months.

Since 1990 rainfall has returned to the Sahel at levels slightly below the 1900 to 1993 average, according to Global Historical Climatology Network data.

Since then, Ngoring Lake, the largest of the lakes in the Reserve, has seen its water levels rising and is now larger than its historical average.

Changes in historical shares of Catholics in the population that are associated with a 10 - percentage - point increase in the private school share today lead to a $ 3,209 reduction in cumulative spending per student, or 5.6 percent of the average OECD spending level of $ 56,947 (see Figure 3).

These four fundamentals have historically trended for periods of five to 10 years, and crucially, current levels remain well below historical averages for all four.

«Based on PBO's projection, the financial vulnerability of the average household would rise to levels beyond historical experience.»

Almost all of the factors and smart beta strategies exhibit a negative relationship between starting valuation and subsequent performance whether we use the aggregate measure or P / B to define relative valuation.9 Out of 192 tests shown here, not a single test has the «wrong» sign: in every case, the cheaper the factor or strategy gets, relative to its historical average, the more likely it is to deliver positive performance.10 For most factors and strategies (two - thirds of the 192 tests) the relationship holds with statistical significance for horizons ranging from one month to five years and using both valuation measures (44 % of these results are significant at the 1 % level).

For instance, the blue dot on the value factor scatterplot suggests that prior to March 2016 the valuation level of 0.14 — meaning the value portfolio was 14 % as expensive as the growth portfolio measured by price - to - book ratio, and lower than the historical norm of 21 % relative valuation — would have delivered an average annualized alpha of 8.1 % over the next five years.

Valuations were high (average historical PE is 15 and CAPE is 16), debt levels were high, we'd just come out of a war, and like today there were a lot of things to be worried about.

Some astute investors (such as Hussman and GMO) have argued in essence that the combination of record government deficit spending and unemployment levels has propped up corporate revenues while lowering labor costs, thereby boosting corporate profit margins by as much as 70 percent above historical averages.

The proportion of investor asset held in stocks will return to an average level, and returns similar to the historical average will come thereafter.

All told, metrics like P / E, PEG, PE 10, P / B, EBIT / EV and EBITDA / EV paint a good picture of when a stock is «on sale», especially when combined with historical average valuation levels.

Emerson is A rated, offers an above - average current yield of 3.8 %, and is expected to return to historical earnings growth levels in the future.

This is assuming the earnings growth rate going forward is 7.2 percent (i.e., comparable to its long - term historical average of 7.41 percent) and interest rates remain at the current all - time low levels.

Compare the recent ratios to both the historical levels of the company along with peer companies and industry averages.

Weiss» rule of thumb notes that stocks tend to be undervalued or overvalued when they are within the 10 % range of their historical levels of high or low dividend yield average.

Why had they been unable to maintain their average occupancies at historical levels?

In contrast, comparing current valuation levels to historical averages may give investors a misleading sense about the «support» provided by valuations, because the majority of those historical periods featured a dramatically different back - drop.

Thanks to unusually high debt levels and unusually low labor compensation in recent years, the earnings peak in 2007 was based on profit margins that were about 50 % above the historical average, and which have now collapsed.

If leverage increases to a level of 3.0 invested assets to equity (historical average is 3.5), then the contribution to ROE from the investment portfolio gets to 15 %.

When local observational data, scientific studies and engineering professionals all agree that current sea level rise is at historical average (albeit showing a statistically insignificant decline) I think we can put off spending on further research until our conditions warrant.

There is a strong consensus that the ice will remain well below the average recorded for the last three decades and that there is «no indication that a return to historical levels will occur.»

Thus in my opinion, choosing the averages of historical data without looking at the diurnal variation gives a huge positive bias against the real «background» CO2 levels of that period in time.

Thus if one plots all the minima of the different historical measurements, that gives a better impression of the real «background» CO2 level than the averages: see The same for ocean data and coastal data: all are around the ice core level.

As the chart reveals, today's per century trends are dominated by cooling for the different time periods; today's trends are multiple times below prior period, historical highs; the 5, 8 and 10 - year trends are definitely below the average modern trend (1950 through 2013); and all the trends are significantly less than those reached 15 years ago (see black dotted lines for year - end 1998 trend levels).

«Key findings are that at the 95 % confidence level, no consistent or compelling evidence (yet) exists that recent rates of rise are higher or abnormal in the context of the historical records available across Europe, nor is there any evidence that geocentric rates of rise are above the global average.

org, US reductions need to be much greater than average reduction levels required of the entire world as a matter of equity because the United States emissions are among the world's highest in terms of per capita and historical emissions and there is precious little atmospheric space remaining for additional ghg emissions if the world is serious about avoiding dangerous climate change.

Modellers were able to «peek at the answer» since they could not only observe inputs to the climate system (such as historical greenhouse gas levels, volcanic activity, solar changes and so forth) but also the simulation targets, namely average temperatures, when tuning their models.

«The implications of the level of ocean warming that already has been attained include the need to reassess the way we quantify and manage today's catastrophe risk; specifically, after moving away from historical averages, the need to define a «new normal» which is itself highly uncertain.»

For the year, that puts the amount of space delivered at 147.1 million sq. ft.. The figures represent the highest level of new construction since the recession started, but about 70 million sq. ft. below the historical average for the sector going back to 1983.

«The western provinces, with the exception of B.C., still show affordability levels that are better than the historical average.

This is in line with the current national average but below historical levels.

National home prices are right in line — within 2 % — with inflation adjusted long - run average levels, which Clear Capital says shows prices have normalized post-bubble and future rates of growth will look more like historical rates of growth.

Despite ongoing high levels of home construction activity, unsold housing inventory as a share of the adult population remains consistent with historical averages (chart 2).

Household formation is expected to increase from the low level of approximately 600,000 in 2011 to one million households a year — a number more consistent with the historical average.