Sentences with phrase «relative returns to the market»

To determine whether a prospective mutual fund is a fair weather fund, simply compare the fund's relative returns to the market index during both bear and bull markets.

Not exact matches

«As a long - term value investor, we remain cautious and recognise that to generate good real returns over time, we have to be prepared for periods of underperformance relative to the market indices, some even for a stretch of several years.»

HONG KONG — After several weeks of relative calm, tumult returned to China's stock markets on Monday, casting doubt on the government's measures to support share prices.

What we have really seen over the past several years, in terms of the appreciation of markets and the decline of interest rates based on what the Fed has been doing, is a result which has eliminated the possibility of investors in bonds and stocks to earn an adequate return relative to their expected liabilities.

To the extent investors are trying to maximize risk - adjusted returns, in our view, parts of the credit market look attractive, at least relative to U.S. stockTo the extent investors are trying to maximize risk - adjusted returns, in our view, parts of the credit market look attractive, at least relative to U.S. stockto maximize risk - adjusted returns, in our view, parts of the credit market look attractive, at least relative to U.S. stockto U.S. stocks.

It performs above average relative to its category in bull markets and in bear markets Recently, in the month of December 2017, PESPX returned 0.1 percent.

At the August peak (see Looking Ahead to a Bullish Outlook, and What Will Define It), I noted that the position of the S&P 500 relative to its 200 - day moving average is not what defines favorable market action or our overall market return / risk classification.

Indeed, once our estimated market return / risk profile is strictly negative (as it is at present), the negative implications for the S&P 500 aren't affected by the position of the market relative to that average, except that the market tends to experience higher volatility once the market breaks that average.

Before the end of April, when the market started its gut - wrenching descent, «the combination of return generation and risk diversification was part of a broader virtuous circle for fixed income, which also included significant inflows to the asset class and direct support from central banks,» El - Erian writes at the start of his viewpoint, noting that in addition to delivering solid returns with lower volatility relative to stocks, the inclusion of fixed income in diversified asset allocations also helped to reduce overall portfolio risk.

They also examine three - day abnormal returns relative to the value - weighted U.S. equity market from one day before through one day after repurchase and SEO announcements.

«If more institutional investors strove to achieve good absolute rather than relative returns, the stock market would be less prone to overvaluation and market fads would less likely be carried to excess» Seth Klarman

Abnormal means relative to the average market return for the sample period.

Do strategies that seek to exploit return volatility persistence by adjusting stock market exposure inversely with recent market volatility relative to some target (including exposures greater than 100 %) produce obvious benefits for investors?

«Does the correlation risk premium provide non-redundant information, relative to the variance risk premium, in predicting market excess returns?

One way to assess broad market value and expected returns is to look at a relative valuation measure and track subsequent market returns.

However, five years out there is much greater return dispersion in the market, which creates the potential for investment managers to post strongly differentiated performance relative to the benchmark.

In my view, investors who view current valuations as «justified relative to interest rates» are really saying that a decade of zero total returns on stocks is perfectly adequate compensation for the risk of a 45 - 55 % market loss over the completion of the current market cycle - a decline that would historically be merely run - of - the - mill given current valuations, and that certainly can not be precluded by appealing to low interest rates.

Outperformance occurred for those companies repatriating the largest absolute amount relative to their market cap, with the top 25 in the category realizing returns almost four times that of the overall S&P.

The only problem we have with index fund buy & hold strategy is that it has too much risk (40 to 60 % loss during bear markets) relative to its reward (10 % compounded return).

The team's track record has been one of the most consistent in the region, having fully exited seven investments and thus, achieving top quartile returns for their first fund relative to global and emerging market comparable funds during the same period.

Importantly, when a preferred share is trading at a high current yield relative to the market yield, the investor receives a measure of protection from the impact of rising interest rates (or, if we're focused on real returns, the impact of rising inflation).

They examine three measures of return comovement for each asset class: average pairwise correlation, average beta relative to the world market and average idiosyncratic volatility.

You'll notice that many of the YTD returns are different when adjusted for local currency appreciation or depreciation and the relative devaluation of various emerging market currencies is another theme that has come to the fore in 2014.

Even at that level of diversification, our day - to - day returns can be affected by large moves in even a single holding, but those effects go both ways, and the strong average performance of our holdings, relative to the market, has been an important contributor to the returns of the Strategic Growth Fund since inception.

In addition, the quality of management also manifests itself in the numbers: in ROE (absolute and relative to competitors), return on total capital, growth rate, industry position, trend of market share, and profit margins» Leon Cooperman

The return to Agency Pricing allowed the B5 to over price their ebooks and lose market share relative to everyone else.

Relative to «moderate allocation» hybrid funds, the advisor's goals are less volatility, better down market performance, fewer negative 12 ‐ month losses, and higher returns over a market cycle.

As we near the end of the first quarter, investment grade tax - exempt bonds tracked in the S&P National AMT - Free Municipal Bond Index have returned 0.93 % year - to - date underperforming relative to the over 2 % return of the investment grade corporate bond market tracked in the S&P U.S. Investment Grade Corporate Bond Index.

To be sure, while focusing on factor and smart beta strategies has historically, over longer periods of time, earned higher risk - adjusted returns relative to the broader market, there have been stretches, even long ones, when factor - based approaches underperformed (think value during the 1990s), according to data accessible via BloomberTo be sure, while focusing on factor and smart beta strategies has historically, over longer periods of time, earned higher risk - adjusted returns relative to the broader market, there have been stretches, even long ones, when factor - based approaches underperformed (think value during the 1990s), according to data accessible via Bloomberto the broader market, there have been stretches, even long ones, when factor - based approaches underperformed (think value during the 1990s), according to data accessible via Bloomberto data accessible via Bloomberg.

If the returns are good, the retiree is so far ahead relative to the original goal that a subsequent bear market in the second half of retirement has little impact.

Seeks to generate strong relative returns over a long - term time horizon by investing in companies across the market cap spectrum with strong and / or improving financial productivity at attractive valuations.

Seeks to generate strong relative returns over a full market cycle by investing in companies with strong and / or improving financial productivity at attractive valuations.

Hedge fund activists tend to target companies that are typically «value» firms, with low market value relative to book value, although they are profitable with sound operating cash flows and return on assets.

Most investors jump straight to their return relative to markets.

I determine the regression equation of a 30 - year sequence relative to the total return of the market (without withdrawals) at a specified year in that sequence.

The only problem we have with index fund buy & hold strategy is that it has too much risk (40 to 60 % loss during bear markets) relative to its reward (10 % compounded return).

This will allow you the freedom to maximize your long - term returns without worrying about short - term volatility, which will put you at an advantage relative to many other market participants.

But it was only in the 1970s and 1980s when studies confirmed that stocks priced cheaply relative to their fundamentals delivered higher returns than the overall market.

We determined that we were getting two times total return relative to the market multiple.

Also plotted is the downside return relative to cash or money - market, since while these funds have held up fairly well on absolute terms, on relative terms the potential for under - performance is quite clear.

CAPM explains a portfolio's returns in terms of the amount of risk it contains relative to the market.

John Bogle and other lumpers warn us that it's unlikely that a typical investor will stick with a strategy that doesn't work as expected for 10 years or longer, and that abandoning the bets on small - cap or value stocks after an extended period of underperformance will reduce the investor's long - term returns relative to simply investing in the total stock market.

Klarman believes that a focus on relative returns — our returns compared to the market — fuels short - term thinking and poor behavior.

Keep in mind that these returns are relative to market returns.

The annualized excess returns shown in the chart are the out (under) performance relative to the market — Large Stocks.

Examining funds that have been around for at least 1.5 cycles (since October 2002, oldest share class only), the following delivered 50 % or more total return during bull markets, while limiting drawdowns to 50 % during bear markets, each relative to S&P 500.

To see whether the higher returns were tied to excess volatility, the authors next took each popularity quartile and sorted into sub-quartiles according to the stocks» beta — that is, the volatility relative to the broader markeTo see whether the higher returns were tied to excess volatility, the authors next took each popularity quartile and sorted into sub-quartiles according to the stocks» beta — that is, the volatility relative to the broader marketo excess volatility, the authors next took each popularity quartile and sorted into sub-quartiles according to the stocks» beta — that is, the volatility relative to the broader marketo the stocks» beta — that is, the volatility relative to the broader marketo the broader market.

Do strategies that seek to exploit return volatility persistence by adjusting stock market exposure inversely with recent market volatility relative to some target (including exposures greater than 100 %) produce obvious benefits for investors?

The Fund seeks to achieve total returns reflective of both money market rates in selected emerging market countries available to foreign investors and changes to the value of these currencies relative to the U.S. dollar.

Beyond cheap currencies, cheap stock prices — as measured by CAPE ratios (see Figure 4)-- boost our return expectations for EM equity markets relative to the U.S. market.