Sentences with phrase «p values above»
The fact that the last three p values above are identical merely means that the p - value calculator I'm using can't handle smaller values.
http://www.realclimate.org/ Not exact matches
Most of the stocks in this sector are trading at fair value or slightly above — the sector is trading between 14 and 18 times earnings — but Ronan says not to worry about the pricier P / E.
While the current price / peak - earnings multiple is already at an elevated level above 18, what I'll call the «P / E equivalent» multiples on other fundamentals are: 21 on the basis of book values, nearly 23 on the basis of enterprise value / EBITDA (which factors in the increasing share of debt on corporate balance sheets), over 25 on the basis of revenues, and 29 on the basis of dividends (largely because dividend payout ratios remain relatively low even on the basis of normalized earnings).
That being said, it's really hard to find good value when the S&P trades at close to a forward P / E 16.1 which is far above the 10 year P / E at 14.7
One method I use is to take a look at the price - to - earnings ratio (P / E ratio), which tells you if the stock is trading above or below its value.
The two microcap stocks (DIT & FRD) that passed the Graham Enterprising screen have current price - to - book - value ratios just above the current cut off (p / book of 0.8) for a new stock to be added to the Shadow Stock Portfolio.
Due to accounting conventions on treatment of certain costs, the market value of equity is typically higher than the book value of a company, producing a P / B ratio above 1.
Finally, we'll look at EPS: For the same reasons as above, I'm not prepared to place Fair Value any higher than a 12.5 P / E, which corresponds to $ 3.95 per share based on latest LTM EPS of $ 0.316.
Athanassakos, in a 2011 Journal of Investing paper, in the first direct study of value investors, examined whether value investors add value over and above a simple rule that dictates they invest only in stocks with low price - to - earnings (P / E) and low price - to - book (P / B) ratios.
The author, using Canadian data, found that value investors do add value, in the sense that their process of selecting truly undervalued stocks produced significantly positive excess returns over and above the naive approach of simply selecting stocks with low P / E and low P / B ratios.
And more importantly, during periods of time when the market is valuing the company above this valuation reference we should see the price move back into alignment, and when the market is undervaluing the company it should also eventually move back into alignment with the P / E ratio of 15.
All in all, I'm happy for the moment to average the above valuations into a single new GBP 5.9 p Fair Value target per share.
Growth stocks trade at price - to - earnings multiples (P / E's) well above value stocks.
That same study above also finds a long term outperformance by «value» stocks, which is based on the company's low price to book ratio (P / B), or as Fama and French refer to it, a high book to market ratio (BtM).
Stick - in - the - mud I am, I'll opt for / limit myself here to a 20.0 P / E fair value multiple, based on the $ 32 billion adjusted net income I derived above (though I'll assure you, I don't consider that an actual exit multiple).
I value Virgin Flying Club Miles somewhere around 0.60 p / 0.9 c each so both of the redemptions I've set out above are good value for me.
As we ponder all of the above, it is worth considering Matt Briggs post Unsignificant statistics: or die p - value, die die die.
Rewriting the equation above as Q = (CS / A) * p Substituting the proper geometric values for the real earth and sun we get Q = (πR (b) ^ 2 / 4πD (ab) ^ 2) * p Which is my equation 8)
IC: Akaike Info Criterion (AIC) LL: 7 p - value: 0.6764 Conclusion: presence of unit root not rejected JB: 0.000000 (same as above)
IC: Hannan - Quinn Info Criterion (HQ) LL: 7 p - value: 0.9987 Conclusion: presence of unit root not rejected JB: 0.000003 (same as above)
IC: Schwartz / Bayesian Info Criterion (BIC, used by a critic of mine) LL: 5 p - value: 0.0000 Conclusion: presence of unit root rejected JB: 0.000002 (same as above)
IC: Hannan - Quinn Info Criterion (HQ) LL: 5 p - value: 0.0000 Conclusion: presence of unit root rejected JB: 0.000002 (same as above)
The P - values for seriousness in the various models above are pretty good — well below 0.05.
A reward for the proof of work, V, is set to rise when the market value P is above the benchmark value and a reward V is set to be zero when P is below the benchmark.