Sentences with phrase «relative valuation of the market»

A leading academic, Robert Shiller of Yale, has, however created a metric to measure the relative valuation of the market — the CAPE — cyclically adjusted price earnings ratio.

The analysis of individual companies provides the basis for making investment decisions regarding the relative valuation of market sectors.

After 35 years as a broker, I believe that balance should be a function of the relative valuations of the markets, not the age of the investor, which leaves me mostly in cash currently.

Not exact matches

Equity markets have appreciated sharply in recent years, and valuations, based on price - to - earnings ratios, in developed markets were not cheap relative to their historical averages as of late 2017.

More recently, though, TIIS market liquidity and the breadth of investor participation have increased markedly, and the valuations of TIIS relative to nominal Treasury securities appear to have improved.

The PRC sets ranges for the balanced asset mix and makes tactical adjustments based on bottom - up forecasted returns, relative valuations and an assessment of economic and market data.

The relative performance of small and large caps against financial market conditions helps to explain these shifting valuations.

On the valuation side SBGL currently has a PE of 7.64 making this stock cheap relative to the market in general.

In general, they may seek to take advantage of market inefficiencies such as pricing differences and relative discrepancies between securities such as stocks and bonds, technical market movements, deep fundamental valuation analysis, and other quantifiable trends and / or inconsistencies.

We believe valuations of select emerging - country equity and sovereign bond investments remain attractive relative to those available in developed markets.

Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.

The attractive valuation of stocks relative to bonds became a widely held belief after Edgar Lawrence Smith published a book in 1924 on stock market valuation, Common Stocks as Long Term Investments.

While there are a number of factors for investors to stay mindful of — including relatively lofty US valuations (the S&P 500 price - to - earnings ratio suggests stocks may be expensive relative to historical values), geopolitical tensions around the globe (including the Korean peninsula), and legislative uncertainty (such as the final details and implementation of tax reform legislation)-- healthy corporate earnings have underpinned the market's rally to record highs.

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.

When compared with measurements of the past 22 years, recent valuations of benchmarks representing Europe, Pacific ex-Japan, and Emerging Markets all fall within a normal range relative to the United States.

Since 2010, the level of the 10 - year Treasury yield has explained approximately 45 % of the variation in the relative valuation — defined as the valuation of the sector versus the broader market — for the utilities sector.

I have no opinion on whether there is a bubble in gold shares at the moment; having one would require a knowledge of these stocks» fundamental valuations relative to their market prices.

Conversely, they probably exert greater control over the relative valuation of shares inside the market, given that source investors often step aside and leave the task of making relative trades in the market to them, based on their expertise.

Estimating future surplus starts with current metrics like earnings or cash flow, so using the most recent financial information against the market valuation is a good indicator of the relative cheapness of a stock.

One of the great anomalies of investing: The historical long - term outperformance of certain smart beta or factor - based strategies relative to the broader equity market (think choosing stocks based on their valuations, momentum, low volatility or quality metrics such as profitability).

* Valuations of dividend paying stocks look reasonable relative to the rest of the stock market.

«After years of relative under performance against developed markets, emerging markets offer good companies that trade at (low) valuations,» Zamorano says.

Since 2010, the level of the 10 - year Treasury yield has explained approximately 45 % of the variation in the relative valuation — defined as the valuation of the sector versus the broader market — for the utilities sector.

Price - earnings ratios can give you a sense of whether the stock market is pricey relative to historical valuations.

With a current price - to - book of 1.57, valuations remain reasonable relative to both developed and emerging markets (source: Bloomberg).

The political / economic environment and resulting relative valuation of U.S. and EM equities from the 2008 EM market peak through 2015 rhymes with the span from the 1994 EM market peak through 2002.

As Visteon exits chapter 11, the near to medium - term upside will likely be driven by a combination of 1) a couple of imminent, high probability catalyst's that should force the market to assign this company with a much more appropriate valuation on an absolute basis and relative to its peers and 2) various operational and financial enhancements that the company recently undertook while in bankruptcy should continue to yield visible and increasingly positive operating results for the foreseeable future.

In Table 3, of the 96 tests for factors, only 2 have the «wrong» sign, with higher valuation pointing to (negligibly) higher subsequent returns; both instances of the «wrong» sign are in the emerging markets, for which we have shorter history, and are for the low beta factor, for which the current valuations, in the 99th percentile, are quite extreme relative to history.

Value (using both forms, B / P and blended) falls in the bottom quintile of its historical valuation in both international and emerging markets; of 12 comparisons (U.S., international, and emerging markets, constructed using both B / P and the blended valuation, and with relative valuation measured versus both P / B and the aggregate measure), 11 suggest value is trading cheap, with 5 in the bottom decile of the historical valuation range.

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.

An investment manager will form an opinion on the valuation of a specific sector of the bond market, based on fundamental credit factors, technical factors (such as supply and demand), and relative valuations compared to historical norms within that sector.

Seeks to capture large cap stock mispricing opportunities due to market inefficiency, by continuously computing relative valuation of large cap stocks according to growth factors such as earnings growth rate, sales growth rate, p / e / g ratios, asset turnover rate, operating margin, debt / equity ratio, free cash flow, relative price strength, etc..

In this part 2, I will present the final 10 of 20 attractively - valued dividend growth stocks that I felt were currently worthy of consideration based on attractive or fair valuation relative to the overall market.

The performance of an exchange - traded fund may vary from the market index it attempts to replicate due to market volatility, transaction costs, valuation differences, differences between the assets held in the exchange - traded fund's portfolio relative to the market index, and other factors.

Down markets have a way of changing relative valuations between stocks, industries and geographies.

I have no opinion on whether there is a bubble in gold shares at the moment; having one would require a knowledge of these stocks» fundamental valuations relative to their market prices.

Relative valuations (vs. a sector or the general market) might be relied upon either, based on some of the same ratios or EBITDA multiples, for example.

But frankly speaking, this is an over-simplified way of seeing whether the stock market is over-valued or not, and I'm not even done with talking about absolute valuation nor begun to talk about relative valuation.

When compared with measurements of the past 22 years, recent valuations of benchmarks representing Europe, Pacific ex-Japan, and Emerging Markets all fall within a normal range relative to the United States.

Valuation using multiples is a process involving the identification of comparable assets and obtaining market values for these assets; converting the market values into standardized values relative to a key statistic; and applying the valuation multiple to the key statistic of the asset beinValuation using multiples is a process involving the identification of comparable assets and obtaining market values for these assets; converting the market values into standardized values relative to a key statistic; and applying the valuation multiple to the key statistic of the asset beinvaluation multiple to the key statistic of the asset being valued.