Not exact matches
While a rising dollar hurts the near - term
performance of non-U.S. investments (when translated back into dollar terms),
over longer
timeframes weaker foreign currencies can improve the competitiveness of businesses outside of the U.S..
While the current market may not be treating them to their liking, Eminence certainly has solid
performance figures returning 15.1 % CAGR net of fees since inception, blasting the S&P 500 which has returned 1.3 % CAGR
over the same
timeframe.
This could be explored through the
performance of secondary academies
over a longer
timeframe (e.g. five years or more), and of primary academies, including a comparison with non-academy schools with similar characteristics, and their impact on different pupil groups.
Furthermore, each candidate had to show
performance that was significantly greater than the average company (the S&P 500)
over the past decade or during the
timeframe measured (note on the annualized
performance column that several of the companies did not possess a full 11 - year track record).
For historical context, they review the
performance of Russell value and growth style indices
over the same
timeframes.
While we know that 10y - trailing are not always accurate predictors of future
performance, on average they work pretty well because they take advantage of mean reversion
over long
timeframes.
The key fact is that
over timeframes above a year, both
performance and prices tend to mean revert.
The following
performance report is produced
over approximately the same
timeframe since the article was published.