To test these assumptions, I ran an annually rebalanced backtest of this Meb Faber
shareholder yield metric.
The addition of net - debt paydown enhances risk - adjusted returns and creates
a shareholder yield metric that is more robust over time.
To test these assumptions, I ran an annually rebalanced backtest of this Meb Faber
shareholder yield metric.
Not exact matches
However, the
shareholder yield strategy benefits from a big bias which is that the portfolio, across almost any valuation
metric, is trading at a discount to the overall market.