Sentences with phrase «strong subsequent returns»

Not exact matches

«Historically, strong returns tend to be followed by strong returns in the subsequent year,» Credit Suisse's Jonathan Golub said.

Ladd was later told by his local contacts that, in Japan, silence was the greatest honor to a film, and the subsequent strong box office returns confirmed its popularity.

For our part, we don't follow the Coppock indicator per se, but the broad range of technical measures we follow include our own variant that is associated with stronger and more reliable subsequent returns (this variant has not even gone to negative levels yet, much less turned favorable).

Among these, the ratio of nonfinancial market capitalization to corporate gross value - added has the strongest correlation (about -93 %) with subsequent 12 - year S&P 500 total returns.

In contrast, the relationship between monetary growth and subsequent stock market returns has been only half that strong, explaining just over one - fifth of the total variation in stock market returns.

The strong one - to - one relationship between these estimates and actual subsequent market returns is presented in numerous prior weekly comments (see for example Too Little to Lock In).

Among the valuation measures having the strongest correlation with actual subsequent market returns, current levels are actually within 10 % of the March 2000 extreme.

We composed a blend of five key valuation metrics — including forward price - to - earnings ratios and price - to - book value — and examined how strong the relationship was between starting valuations — or valuations at the time of purchase — and the variability of subsequent U.S. dollar returns over time.

It concluded that negative intermeeting stock market returns are a stronger predictor of subsequent target changes in the Fed funds rate than any commonly followed macroeconomic variable.

Regardless of whether an analyst claims that stocks are cheap or expensive, they should be expected to provide some sort of evidence that their methods have a strong relationship with subsequent market returns.

Looking back through history, whenever value stocks have gotten this cheap, subsequent long - term returns have generally been strong.3 From current depressed valuation levels, value stocks have in the past, on average, doubled over the next five years.4 Not that we necessarily expect returns of this magnitude this time around, but based on the data and our six decades of experience investing through various market cycles, we believe the current risk / reward proposition is heavily skewed in favor of long - term value investors.

Ignore clever - sounding valuation arguments that don't have a strong, consistent, and demonstrated relationship with subsequent market returns.

We composed a blend of five key valuation metrics — including forward price - to - earnings ratios and price - to - book value — and examined how strong the relationship was between starting valuations — or valuations at the time of purchase — and the variability of subsequent U.S. dollar returns over time.

I saved the next chart until you could first see the strong correlation between the margin - adjusted CAPE and actual subsequent S&P 500 total returns across history.

This data suggests that we should modify the assumption that poor past returns, in and of themselves, reliably lead to strong subsequent long - term returns.

Generally, just as in the case of factors, we see that aggregate valuation is a slightly better predictor of subsequent returns compared to P / B, but both show quite strong predictability.

TAVF restricts its investments in credit instruments to issues containing strong protective covenants; where the prospects of a money default are remote, where the Fund would fare at least okay in the subsequent reorganization in the event of a money default; and where the cash return appears to be at least 500 basis points better than can otherwise be obtained from a credit of comparable quality.

But these don't explain away or eliminate the strong cyclical relationship between the gold / XAU ratio and subsequent returns on the XAU over the following 3 - 4 year periods.

It has a strong long - term relationship to subsequent 10 - year market returns.

While return dispersion is low, dispersion of valuations remains relatively wide by historical standards... Furthermore, there has been a strong relationship between valuation spreads and subsequent outperformance of value stocks (relative to glamour stocks).

The strong predictive relationship between starting yield and subsequent return is not limited to the 10 - year U.S. Treasury.