The PE, PB and PCF ratios deliver comparably excellent
returns over the full period examined.
While PCF delivered better
returns over the full period, most of the outperformance occurred at the beginning of the data, and it lagged thereafter.
While the PCF ratio delivered the better
return over the full period, it underperformed the combo in 58 percent of rolling 10 - year periods.
Not exact matches
Average annual core
return on equity
over a
period is the ratio of: a) the sum of core income less preferred dividends for the
periods presented to b) the sum of: 1) the sum of the adjusted average shareholders» equity for all
full years in the
period presented, and 2) for partial years in the
period presented, the number of quarters in that partial year divided by four, multiplied by the adjusted average shareholders» equity of the partial year.
Over the
full period analyzed, the benchmark has
returned 6.9 % to investors versus 8.1 % for the comparative universe, but much of the performance in more recent years remains unrealized.
Ultimately, and assuming you won't be cashing out early, what matters is the yield to maturity / surrender, or the annual effective
return you're earning
over the
full locked - in
period.
As my Canadian MoneySaver article explains in detail, if bond
returns over the next three years turn out to be similar to those in our simulation, XBB would still outperform both XSB and cash during the
full six - year
period beginning in 2009.
If you've held these funds in your account for a
full three years, they would show a significant capital loss — and yet their total
return over that
period was actually quite good:
The key lies in taking
full advantage of the pre-tax conversion and the use of «good debt» versus «bad debt»
over an extended
period of time, plus maximizing your leverage via an instrument that will pay a solid rate of
return over time.
This represents a compounded annual rate of
return of 14.4 %
over the
full 91 year
period.
High yields produced the highest
returns over this
full seven - year
period, but they also suffered steep double - digit losses in 2008, unlike any of the other bonds represented.
And so we also look at, if that rate is only valid for a certain
period of time, what does your
return look like
over the
full year?
They are informal arrangements in which your creditors agree to accept less than the
full amount of the debt in
return for your agreeing to give them a part of your income
over a fixed
period.
The composite, which selects portfolios by equally weighting the PE, PB and PCF ratios, delivers a performance
over the
full period that beats out PE and PB, and slightly underperforms PCF on a compound basis.The composite ratio generates an average annual
return that beats out PCF, and PE, but slightly underperforms PB.
The Hedge at 2SD, Lever at Mean strategy outperforms the buy - and - hold strategy
over the
full period,
returning 21.9 percent compound, versus 20 percent for the value decile.
The value decile
returned 19.8 percent compound
over the
full period, beating its corresponding index by 7.0 percent per year compound (and by 10.7 percent on average).
The No Div decile, which
returned a CAGR of 13.4 percent and an AAR of 21.2 percent
over the
full period (and, since 1951, a CAGR of 12.4 percent and an AAR or 18.3 percent), beat out the
return on the value decile.
All the
returns are improved, but the strategies continue to underperform the simple buy - and - hold strategy
over the
full period.
The other strategies underperformed to the extent that they remained out of the market: The strategy that kicked into cash at the mean
returned 13.4 percent yearly, the strategy that kicked into cash at one standard deviation above the mean
returned 18.15 percent yearly, and the strategy that kicked into cash at two standard deviations above the mean
returned 19.36 percent compound
over the
full period.
What makes these an attractive option
over traditional LTC is they provide monies to beneficiaries if the LTC benefits are not needed and even an option for
full return of premium at the end of the surrender
period.
The Historical Monthly columns also report a variety of monthly risk and
return measures
over the
full study
period.
In contrast, just 4 % of consistent managed account users and 3 % of consistent
full TDF users earned an annualized
return of 2 % or less
over the same 10 - year
period.
The
full impact of alternative loan to value ratios on the leveraged
return of a particular property investment can be accurately assessed by using the discounted cash flow (DCF) model which takes into account the exact timing and size of expected property cash flows
over the holding
period of the investment.