Sentences with phrase «relative valuation»

I understand his valuation arguments, but he needs to get more sophisticated, and look at relative valuations of stocks to bonds.

After thinking about these ideas, I went to the internet and began searching for a way to measure relative valuations and get some historical context.

Today the discount is nearly 70 %, close to the lowest relative valuation since 2000.

So, when you are looking at relative valuations, always compare like - for - like and look at valuations of stocks that operate in the same economic sector.

With most asset valuations still looking fair to expensive, it's important to focus on relative valuations.

No one can do it perfectly, but it makes sense to act when relative valuations are in your favor.

Finally, the book value can become negative as a result of a long series of negative earnings, making the P / B ratio useless for relative valuation purposes.

Against a backdrop of attractive relative valuations, capital is likely to flow into the out - of - favor communications equipment sector.

Earnings growth, a key component in the absolute valuation models we have described, is also an important consideration in relative valuation models.

The high relative valuation is supported, for now, by low yields.

If a manager has performed badly and the manager's assets are at an exceptionally cheap relative valuation, investors should seriously consider topping up, rather than firing the manager.

Today the discount is nearly 70 %, close to the lowest relative valuation since 2000.

As with factors, starting relative valuation is negatively correlated with subsequent relative performance, with overwhelming consistency and impressive statistical significance.

My view is this: it will be difficult for the general public, and even institutional investors to warm up to insurance stocks to the degree that they make relative valuations unreasonable.

For the low - volatility index we measure performance and relative valuation by comparing the low - volatility portfolio with the cap - weighted stock market.

Thus, what matters are relative valuations across assets rather than putting too much emphasis on historical valuations that belonged to a very different economic environment.

Examples of valuation models include relative valuation, comparable security analysis and discounted cash flows.

Low relative valuation ratios are combined with momentum indicators to find potentially winning stocks.

Economic growth momentum remains solid and relative valuations indicate better long - term return potential, in our view.

Learn about intrinsic and relative valuation methods based on fundamentals, and technical analysis.

Does an in - depth valuation process that covers both discounted cash - flow valuation analysis and relative valuation analysis meet your objectives?

In real markets, individual investors are allowed to invest directly in individual shares, which allows them to directly influence relative valuations inside the equity space.

The tendency for relative returns to follow relative valuations is shown in the chart below.

I use a blend of absolute and relative valuation criteria.

It turns out that, although for most factors relative valuation plays out slowly over a number of years, valuation is a pretty good short - term predictor for momentum performance.

All of these results reflect our method of calculating relative valuation and relative return forecasts, as described in the published methodology for each of these strategies.

The challenge will be managing high absolute market valuations versus favorable relative valuations.

This continues until the gravitational effects of relative valuations gets too great — the cash flows of the hot stocks do not justify the valuations.

Emerging markets stocks have seen declines in relative valuations over the last year, and are well below historical norms.

A number of structural reasons — for example, different accounting conventions — can explain why a particular valuation ratio indicates different relative valuation levels from one market to another.

In our first article, we use P / B to measure relative valuation.

With most asset valuations still looking fair to expensive, it's important to focus on relative valuations.

But I think if you're looking at the broad market, you have to look at relative valuations.

Low nominal and real interest rates on bonds mean a wider risk - premium spread on stocks and a cheaper relative valuation.

On the valuation front, the historical evidence does support a preference for investing in countries with lower relative valuations.

Analysts determine intrinsic value using either absolute valuation or relative valuation models, and some use both.

Thus, what matters are relative valuations across assets rather than putting too much emphasis on historical valuations that belonged to a very different economic environment.

We measure performance and relative valuation by comparing the value portfolio relative to the growth portfolio.

Ex-Fed Chairman Greenspan's favorite way of measuring relative valuation between Stocks and Bond is the Earnings - Yield to Bond - Yield ratio.

A second shortcoming of relative valuation metrics is the benchmark that is used, typically the metric's long - term historical average.

Their experience has shown that attractive relative valuations provide both downside protection and potential for upside growth.

While ZLB is one of the best single low - vol picks according to our panelists, ETF Insight's Yves Rebetez cautions that «relative valuations versus traditional market cap could be a concern, and could erode their efficacy going forward.»

You can use relative valuation or absolute valuation approach (dividend discount model, discounted cash flow (DCF) model etc).

At 13 times forward earnings, Apple already suffers from the lowest relative valuations within the cohort, and is even lower than the greater S&P 500's multiple of 17 times, so any multiple expansion would be welcomed.

Damodaran shows in an unpublished study of 550 equity research reports that EM, along with Price / Earnings and Price / Sales, were the most common relative valuation multiples used.