Sentences with phrase «persistently higher mean»

Jeremy Grantham recently pointed out that since the early 90's, stocks have still mean reverted, however have done so around a persistently higher mean.

Jeremy Grantham recently pointed out that since the early 90's, stocks have still mean reverted, however have done so around a persistently higher mean.

Not exact matches

Mauboussin's research seems to suggest that, while there exists a strong tendency towards mean reversion, some companies do «post persistently high or low returns beyond what chance dictates.»

Mauboussin's research supports Graham's view that, while some businesses do generate persistently high or low returns on invested capital beyond what chance dictates, there exists a strong tendency toward mean reversion in most businesses.

Negative BE (which results from persistently negative earnings) and high BE / ME (which typically means that stock prices have fallen) are both signals of poor earnings prospects.»