Sentences with phrase «measured on a total return basis»

Truth, what you are doing could be measured on a total return basis, but it wouldn't make a lot of difference.

Not exact matches

The performance goals upon which the payment or vesting of any Incentive Award (other than Options and stock appreciation rights) that is intended to qualify as Performance - Based Compensation depends shall relate to one or more of the following Performance Measures: market price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return on invested

Last week, the U.S. equity market climbed to the steepest valuation level in history, based on the valuation measures most highly correlated with actual subsequent S&P 500 10 - 12 year total returns, across a century of market cycles.

On the basis of the most reliable valuation measures we identify (those most tightly correlated with actual subsequent 10 - 12 year S&P 500 total returns), current market valuations stand about 140 - 165 % above historical norms.

Based on the valuation measures most strongly correlated with actual subsequent total returns (and those correlations are near or above 90 %), we continue to estimate that the S&P 500 will achieve zero or negative nominal total returns over horizons of 8 years or less, and only about 2 % annually over the coming decade.

On the basis of valuation measures most tightly related to actual subsequent long - term market returns, we also estimate that the S&P 500 is likely to be lower 12 years from now, compared with current levels, though dividend income may push the total return just over zero on that horizoOn the basis of valuation measures most tightly related to actual subsequent long - term market returns, we also estimate that the S&P 500 is likely to be lower 12 years from now, compared with current levels, though dividend income may push the total return just over zero on that horizoon that horizon.

However, annualized risk, as measured by standard deviation calculated based on monthly total return for the same period stood at 15.25 %.

Note that on the basis of this measure, expected 12 - year S&P 500 total returns associated with current valuation levels are negative, and even if one was to shift the blue line up somewhat closer to the red line in recent years, the associated return expectation would still be close to zero (which is what I actually expect based on MarketCap / GVA and other historically reliable measures).

(On a total return basis, the corresponding loss figures would be -60 %, -55 %, -51 %, -49 % and -42 %, respectively, and would put the total return of the S&P 500 behind Treasury bills as measured from the high of every year since 1998, with the exceptions of 2003 and 2009).

Whereas calculations based on standard ROI take into account the total return on an investment, cash - on - cash return only measures the return on the actual cash invested.

The chart below presents our estimates of prospective 10 - year S&P 500 total returns based on a variety of historically reliable measures.

² Prior to the introduction of total return indices in December 1998, the ACWI is based on the capital only index measured 50 % in Sterling.

Thereafter it is the total return index based on 50 % of the ACWI measured in Sterling and 50 % measured in local currencies.

Total return based on the MSCI All Country World Daily Total Return Index, a free float — adjusted market capitalization — weighted index that is designed to measure the equity market performance of developed and emerging mareturn based on the MSCI All Country World Daily Total Return Index, a free float — adjusted market capitalization — weighted index that is designed to measure the equity market performance of developed and emerging maReturn Index, a free float — adjusted market capitalization — weighted index that is designed to measure the equity market performance of developed and emerging markets.