In continuation to our previous blog titled «Factor Investing 101,» this blog investigates
the performance of single factor indices in the Indian equity market.
Not exact matches
Piles
of research over the last two decades has shown that emotional intelligence is likely the
single most powerful success
factor yet discovered, affecting everything from your
performance at work, to your mood and the quality
of your personal life.
In his book Your Money and Your Brain, Jason Zweig summarizes decades
of research into one investment truth: «The
single most critical
factor in the future
performance of a mutual fund is that small, relatively static number: its fees and expenses.»
While the relatively strong
performance of our stock selection approach has been an important
factor in the Fund's returns since inception, even a
single holding in a portfolio
of over 200 can exert an effect on a day - to - day basis.
Well, I wouldn't say they're back, especially considering they only placed six teams in bowl games and this success is a
single point
factor after a series
of average to less than average
performances in bowl season.
There is nothing wrong with that, and at the end
of the day, this is the
single biggest
factor in determining weight loss or gain,
performance improvements versus
performance deterioration, etc..
Analyses show that poor
performance at age 15 is not the result
of any
single risk
factor, but rather
of a combination and accumulation
of various barriers and disadvantages that affect students throughout their lives.
There are too many other
factors affecting educational
performance outside
of school choice policy for the results
of a
single program to be conclusive.
The report highlights socio - economic status
of students as probably the most important risk
factor, but adds there is no
single or universal
factor that can account for low
performance.
Given the strong influence
of out -
of - school
factors on student achievement, any quality measure based on the level
of student
performance at a
single point in time will be heavily influenced by characteristics
of a school's student body.
Georgia bewildered parents with its ponderous College and Career Ready
Performance Index that distills an array
of factors into a
single numerical rating.
Board members have said that rather than weighting and indexing various
factors to come up with a
single school score, however, they prefer a «dashboard»
of metrics — one that includes academic
performance and graduation rates because that data exists, but possibly allowing districts to use whatever mechanisms they have to show non-academic
performance.
With just a
single year
of data [41] there is no way to know whether differences in student
performance across schools are due to school
factors or differences in the average quality
of teachers.
Boys in
single - sex schools were ahead
of mixed schools in raw GCSE results, but they did not show a significantly better
performance once other
factors had been taken into account.
Compared with truck tractors, the
single - unit truck fleet varies by model in terms
of weight, wheelbase, axles, cargo type and other
factors that affect the calibration and
performance of stability control systems.
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).
Because the
performance of each
factor may vary in different economic cycles,
single -
factor strategies can be used to express tactical portfolio tilts.
The decision rule approach can encourage greater attention to each
of the measures, offer more transparency about how school
performance factors into identification, and support more strategic interventions than those informed only by a
single rating, ranking, or grade.