Sentences with phrase «other valuation measures»

Other valuation measures, such as the ratio of the stock price to earnings and stock price to revenue, are also analyzed in relation to expected future growth of cash flows in an attempt to measure underlying value and the potential for long - term returns.

Looking at other valuation measures, the group of passing companies is priced more richly than the typical exchange - listed stock.

Although I focus more on selecting country index funds based on CAPE and other valuation measures.

Not exact matches

Because when you actually look at the relationship across sectors, and you look at their valuations based on return on equity, or other measures, all sectors seem to be about fairly valued.

Moderate interest rates were associated with a whole range of subsequent returns over the following decade, and we know that those outcomes were 90 % correlated with the level of valuations at the beginning of those periods (on reliable measures such as market cap / GDP, price / revenue, Tobin's Q, the margin - adjusted Shiller P / E, and others we've presented over time - see Ockham's Razor and the Market Cycle).

«On the other hand, using the same essential measures of valuation and market action, but including periods of major economic dislocation into the dataset, produces average return / risk inferences that are substantially less favorable.

Figure 2 compares Skechers to a number of other shoe / apparel companies in the «Athleisure» segment across measures of profitability, growth, and valuation.

At the surface, when we look at valuation measures and other fundamentals and compare them to historical precedents, there is a case to be made that stocks (in particular in the US) are above fair value, if not rich.

On nearly every measure - sentiment, valuation, volatility, oversold conditions, and others, we are observing extremes associated with strong expected return / risk profiles, on average.»

That recognition might have encouraged a greater weight on trend - following measures versus fundamentals, valuations, price - volume sponsorship, and other factors.

With all due respect, if there is no way to come up with a value for gold itself aside from where it's currently trading, you're on shaky ground using its valuation to fundamentally measure some other thing that is only vaguely analogous.

The most reliable measures of individual stock valuation we've found are based on formal discounted cash flow considerations, but among publicly - available measures we've evaluated, price / revenue ratios are better correlated with actual subsequent returns than price / earnings ratios (though normalized profit margins and other factors are obviously necessary to make cross-sectional comparisons).

As the USD is the largest component in the basket of global currencies against which other currencies» purchasing power are measured, and the ruble lost 58 % in valuation versus the USD just from June 2014 to January 2016, I would dare claim that a 58 % devaluation qualifies as a crash.

As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.

To quote valuations on any other measure in recent years would have led many readers to extremely bearish conclusions.

Based on other reliable measures for which historical data is available, present market valuations also exceed those observed at the 1929 peak.

Since no such sharing is possible, economists must eschew any valuation other than that of favoring an increase in overall well - being as measured by overall income.

This is true whether you measure S&P 500 valuation by the cyclically - adjusted price - to - earnings ratio, the market - capitalization - to - GDP ratio, the price - to - book - value ratio, the average dividend yield, or most other valuation metrics.

Higher yields signal a lower valuation, though other measures, such as the price - earnings ratio, should also be considered.

But one should keep an eye on top down valuation measures, if for no other reason than to confirm an investment idea that already makes sense to you — long or short.

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).

Again, I am most concerned about the combination of unfavorable valuation and unfavorable market action, including the breakdown in market internals and trend - following measures, immediately following an extended period of overvalued, overbought, overbullish conditions and other hostile syndromes.

If you're a technical investor, consider adding other measures like valuation and profitability to your tool chest.

In this article, we present evidence that the relationship between current relative valuation and subsequent performance for both factors and smart beta strategies is robust over horizons shorter than five years and using valuation measures other than price - to - book (P / B) ratio.

Both the gross profitability and simple value B / P factors provide an interesting conundrum, appearing stretched on one measure of valuation but less so on the other.

While I believe the Shiller PE and Tobin's q to be predictive, there are other measures of market valuation that perform comparably.

For example, markets entered a period of extreme valuation by many measures in 1994 and continued to push higher for 6 more years before finally succumbing to valuation levels that were, by some measures, more than twice as high as any other period in history.

Stock valuations are never absolute — it is always a question of the other assets you are measuring the stocks against, and how you desirable those other assets will be in the future, and how sustainable the profitability of stocks will be over time.

My recent letter (to AVGR management) spells out their latest results / growth vs. current valuation, and highlights how a share buyback & some other measures would raise the share price & intrinsic value.

And it's not just U.S. indexes like the Dow Jones Industrial Average and the S&P 500 that are at elevated levels, other measures of stock valuations are at or near record highs.

Other measures covered by the consultation are wide ranging and include credit hire; early notification of claims; rehabilitation; recoverability of disbursements and introducing a Barème type system of damages valuation.

That gets us back to commercial real estate and the odd prospect that retail stresses could eventually spill over into other sectors of a market that is, by any measure, riding a runaway train of heated valuations.