Sentences with phrase «historical median»
The phrase "historical median" refers to the average value or measurement that has been observed over a long period of time in the past. It can help provide an understanding of what is considered typical or normal in terms of a specific historical trend or data. Full definition
The 2002 - 2003 lows never actually reached even average valuations, much less historical medians, but we did observe enough value based on normalized fundamentals and improved market action to remove most of our hedges in early 2003.
hussmanfunds.com
To avoid overpaying for trending companies, stocks must be trading near or below their 10Y historical median valuations (measured here by Price to Sales, Price to Earnings, and Price to Book).
The Shiller price / earnings ratio, which compares companies» share prices with their inflation - adjusted 10 - year earnings average, is at 31, well above the historical median of 16 — a sign that future returns will be sluggish.
The CAPE ratio (cyclically adjusted price - earnings ratio), a widely followed measure designed by Yale economist Robert Shiller that compares stock prices to corporate earnings, is currently at about 32, or double its historical median of 16.
The small - cap stock is currently trading at a discount, as its valuation is below the Value Line average as well as its historical median.
If you look at historical market data, over two - thirds of the best 30 weeks, for example, have occurred in periods when market valuations were below their historical medians.
The «normal cases» are future price / peak earnings multiples of 14 (the historical average) and 11 (the historical median).
It is also inappropriate for investors to apply a firm's historical median (or average) price - to - earnings ratio to the same firm's future earnings stream.
Reducing the take of juveniles that haven't yet spawned is one key to achieving the plan's initial goal of rebuilding spawning stock biomass — the fish population able to reproduce — to the historical median of 42,592 tons within 10 years.
While the collective allocation of mutual funds and ETFs to equities has recently reached 57 %, the biggest divergence from the historical median is in international equities.
The historical median of 14.51 x cyclically - adjusted earnings happened in periods where interest rates were higher, so naturally earnings multiples were lower.
With the record - breaking first bi-weekly print behind us, it shouldn't take much more than the historical median (see Exhibit 4) to buoy the UDIBonos.
Note that a ratio near 1.0 is not fair value - rather, the historical median and average of the price - to - net - worth ratio is just 0.75.
According to Shiller, the earnings yield of the S&P 500 is currently 4.5 %, compared with the historical median of 6.3 %, which means the market is significantly overvalued.