Sentences with phrase «historical average measures»

It's worth noting that while Warren Buffet recommends index investing for average investors, he made and makes all his money doing value based investing by finding companies and stocks that represent a discount to long standing historical average measures of risk and expected return.

Not exact matches

With the economy either at or beyond full employment and the consumer price index — a measure of the inflation in consumer prices — at 2.1 percent, the real 10 - year interest rate is 0.4 percent, Jones explained, roughly 300 basis points below the historical average.

This does not, for even a moment, change the fact that the most reliable measures of valuation are now an average of 3.0 times their historical norms.

At the same time, RBC's affordability measures for Saskatchewan fell between 1.3 and 0.8 percentage points, and stood close to their historical averages.

For most of the first three months the VIX Index, a common measure of equity volatility, traded somewhere between 11 and 13, well below its historical average of 20.

The VIX, a measure of the expected equity - market volatility as determined by put and call prices on S&P 500 Index options, trailed lower in 2017 and remains well below its historical average.

If we compare operating spending by municipalities to GDP, which is a broad measure of ability to pay, it remains within historical averages of close to 3 % of GDP.  In 2012, operating spending by all municipalities in Canada amounted to just 3.1 % of GDP, the same that it was twenty years ago, and down from the 3.3 % reached in 2009 during the depths of the recession.  This ratio was higher during the recession because GDP had dropped and governments sensibly embarked on stimulus spending to prevent a depression. This was before their misguided adventures in austerity (which presumably the CFIB supports, but have caused devastation to small businesses in countries elsewhere).

Standard deviation is a historical measure of the variability of returns relative to the average annual return.

They measure short term risk as the average of the worst 1 % of annual returns from 10,000 bootstrapping simulations that randomly draw three months of returns at a time from 20 - year historical pool of returns for these indexes, thereby preserving some monthly return autocorrelations and cross-correlations.

The measures of valuation and market action that define each «Market Climate» are factors that can be tested in decades of historical data, are objective, observable, and have strongly affected the average profile of return and risk in the markets over time.

Different versions of risk are usually measured by calculating the standard deviation of the historical returns or average returns of a specific investment.

Outside of the two hottest markets, RBC's affordability measure is generally close to the historical average, and recent trends have been either stable or improving slightly.

I measure [Delta] LEVER as the historical change in the ratio of total long - term debt to average total assets, and view an increase (decrease) in financial leverage as a negative (positive) signal.

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.

Here's a few of them: If you look at the data going back, we now after the 1880s, the historical average PE ratio measured by what's called the Shiller CAPE 10.

As of last week, the Market Climate for stocks was characterized by reasonable valuations - moderate undervaluation on earnings - based measures that assume a reversion to above - average profit margins in the future, but continued overvaluation on measures that do not rely on future profit margins being above historical norms.

Top graph, labeled «Temperature Change,» is captioned «reconstruction of annual - average Northern Hemisphere surface air temperatures derived from historical records, tree rings, and corals (blue), and air temperatures directly measured (purple).

Some of these photo's exist, however, as single photos they are useless, because what is measured are changes in average temperature, anomalies, not absolute temperatures, so what is needed is an historical archive of photos, e.g. a continuing series that shows changes at the sites.

Temperature Change: reconstruction of annual - average Northern Hemisphere surface air temperatures derived from historical records, tree rings, and corals (blue), and air temperatures directly measured (purple).

«In the first half of 2017 multifamily performance, by most measures, remained near the historical average in the majority of markets across the country,» said Steve Guggenmos, Freddie Mac Multifamily vice president of research and modeling.

As of the third quarter of 2012, net worth relative to disposable income measures stood above historical averages.

The average cost of financing a new or used car or truck has stayed low over the past year, making auto loans a bargain by any historical measure.

Recent quantitative easing measures announced by the European Central Bank are expected to drive spreads towards historical averages.