Novy - Marx's The Other Side of Value paper showed that a simple quality metric, gross profits - to - assets, has roughly as much power predicting the relative performance of different stocks as tried - and -
true value measures like book - to - price.
Not exact matches
The
true measure of
value is the tangible contribution we make on a daily basis.
First, although it should be clear that neither GDP is «correct» as a
true measure of wealth creation, I think there are good reasons to argue that the difference in real wealth creation might be greater than the difference in GDP — in other words that U.S. wealth creation is higher relative to U.S. GDP than China's wealth creation is relative to China's GDP — and it is this adjusted GDP, representing real wealth creation, whose
value must be discounted to determine the economic «wealth» of each country.
Once you have your economic financial statements, then you can derive the economic
value drivers that we use to
measure the
true, underlying profitability of companies.
Measuring shareholder
value requires deep fundamental research that (1) translates reported accounting results into
true cash flows and (2) quantifies the expectations for future cash flows that is embedded in stock valuations.
However, the vast majority of evidence suggests that P / E ratios are an unreliable way to
measure the
true value of stocks.
This is not a subjective test attempting to
measure the «
true»
value of the law to benefited individuals; rather, it's a more objective test (at least in theory) which simply attempts to
measure the number and scope of allowed exemptions from the law.
Still, by leaving now, you will most likely come away with very little, including no publications, which is the
true measured value of a postdoc position.
But note well principle No. 2: «P -
values do not
measure the probability that the studied hypothesis is
true, or the probability that the data were produced by random chance alone.»
«Since Kepler has also discovered several similar low - density and low - mass planets, it is very likely that the size
measured for many of them also differ from the
true value, so there could be a bias in the results.»
Assay, sample and side - to - side variation were quantified by analysis of variance and presumptively incorrect decisions related to high - risk disease were determined using the result from each MRD assay, the mean MRD in the patient as the
measure of the
true value, and each of 3 different MRD cut - off levels which have been used for making decisions on treatment.
From among the array of growth
measures, I recommend
true value - added models or student growth percentiles (though I prefer
value - added models for reasons described here).
Thus the results of mere reading tests must not be taken at face
value, because such blunt instruments can not hope to
measure the
true effects of education.
We can think of
value - added estimates as
measuring three components: (1)
true teaching effectiveness that persists across years; (2)
true effectiveness that varies from year to year; and (3) measurement error.
It is clear from the research so far that
value - added
measures will never be completely stable across time, topics, or student groups, nor would we necessarily want them to be because
true teacher effectiveness likely varies across these dimensions.
It also explains why researchers and
value - added vendors typically report confidence intervals for
value - added
measures that help quantify the role of random error and the uncertainty this creates about teachers» «
true»
value - added.
If that was only
true of the school in which he gave his speech — CASSA received a «D» on its Performance Index and an «F» in
value - added, a growth
measure over a school year.
Even if we conclude that
value - added
measures are not confounded, we will never know the
true effectiveness of a teacher working in all different classroom situations.
Kane's research was, of course, used to support the claim that bad teachers are causing the disparities that he cited, regardless of the fact the inverse could be also, equally, or even more
true — that the
value - added
measures used to
measure teacher effectiveness in these schools are biased by the very nature of the students in these schools that are contributing their low test scores to such estimates.
Unfortunately, by this critical
measure, we do not believe the
true intrinsic
value of BKS is being adequately reflected.
This is
true whether you
measure S&P 500 valuation by the cyclically - adjusted price - to - earnings ratio, the market - capitalization - to - GDP ratio, the price - to - book -
value ratio, the average dividend yield, or most other valuation metrics.
The
true measure of the
value of a firm's equity is considered to be the present
value of all free cash flows.
This
measures what I feel is the
true value of the $ 1 invested in 1986.
But what you get, versus what you pay is the
true measure of
value.
All increases in
value would be taxed, and assets where the increase can't be
measured would assume a 15 % annual return for taxation purposes, with a
true - up at the sale of the asset.
Here, I outline the strategic
value of voting power — a
measure of a shareholder's
true influence — via two examples: a simplified hypothetical and a real world company.
Note how ORCL's price departed markedly from either the orange - line or blue - line
measures of
true value in the period of irrational exuberance of 1998 - 2000, then plunged back down in the tech bubble's crash from 2000 - 2002.
The game's
true value will be
measured by how much it expands the ranks of Nintendo fans and helps sales of the Switch.
Obviously there are different flavors of success, but the success that says the money
value of a thing is a
measure of it's
true worth says Koons is the most successful artist alive.
It is
true that you can simply add CO2 and CH4
measured values as a forcing, but if you do so, you can not interpret them as anthropogenic forcing because their concentration is modulated by CO2 and CH4 cycle mechanisms that might in part be modulated by the Sun variability.
This statistic
measures model performance by plotting the sensitivity
values — the
true positive fraction of test points — against 1 - specificity — the false - positive fraction for all available probability thresholds [53].
You are right, there is only one
true value for anything humans have ever
measured, but it is just as
true that humans never know the actual one
true value.
Measuring the distance apart and speed of 2 satellites in space orbiting the earth to the width of a human hair with no margin for error [damn those drift recalculations], and taking into account unknown factors with respect to the
true values for water depth, water weight at different salt concentrations, ice depth magma flows, volcanic activity etc [ie making a lot of guesses], plus taking human motivation on board [like CO2 increase must melt ice surely] can give you an accurate measurement of the volume ice in Antarctica.
What would happen to this energy balance if Trenberth had remained
true to proper scientific practice and used the
measured value of 232Watts / m ^ 2 instead of his contrived 238.5 Watts / m ^ 2?
When I simulated how many times would actually
measured random
value would be indeed
true highest
value (sd = 0.7 was 0.7 for
value and 0.5 for a measurement error, both normally distributed), I've got the following results (Number of years, being highest percentage): 2, 0.801146 10, 0.532256 20, 0.46076 50, 0.384286 100, 0.338422 135, 0.32037 200, 0.30028 1000, 0.232482 10000, 0.165234 I am not sure, but can we conclude that 38 % likelihood was actually not that small?
Measuring the benefits humans receive from the environment and putting a dollar
value on them allows us to better understand the
true cost of environmental degradation and provides us with tools to make informed decisions about resource management trade - offs.
The
true value of such policy recommendations is to provide policy makers with a complete menu of policy options to start getting the prices right, and to impress upon them that, leaving aside the question of political feasibility, such
measures can in fact be adopted in a reasonably short period of time.
However, the point I am making is that the efforts of the IPCC to define climate sensitivity will have no policy
value if that which we
measure (and the way in which we
measure and calculate it) to achieve our records of global mean surface temperature is not in fact a
true reflection of the heat energy at the surface.
Unfortunately, one always has to have a
measure of the «
true»
value — the
true air temperature in this case — in order to evaluate the systematic error hidden in the station sensor temperature data.
Because of the substantial under - catch of precipitation gauges during solid precipitation, frequent light rainfall events, or windy conditions, the
true precipitation in the Arctic is more than 50 % higher than the
measured values (Førland and Hanssen - Bauer, 2000).
The
true value of professional managers is not
measured so narrowly as an out - of - pocket cost or even as the sum of lawyer time saved.
For purposes of this discussion, we'll employ the hourly billing model and we'll assume that the hourly rate charged by a lawyer properly
measures the
true value of that lawyer based on his or her skill, knowledge, experience, connections, and access to resources.
The insights can also be parsed at the attorney level, so a firm could more accurately
measure a partner's
true value to the firm (or the impact of new lateral hires).
But what you get, versus what you pay is the
true measure of
value.
Propel you to solicit feedback from those who know your
value best (peers, management, staff, employees, clients, mentors, etc.), helping you understand the
true measure of your brand — how you're perceived by the external world.
And they know that the
true value of a new employee is often
measured in units related to the ease of successfully navigating all these learning curves.
Beckons you to solicit feedback from those who know your
value best (peers, management, staff, employees, clients, mentors, etc.), helping you understand the
true measure of your brand — how you're perceived by the external world.
Encourages you to solicit feedback from those who know your
value best (peers, management, staff, employees, clients, mentors, etc.), helping you understand the
true measure of your brand — how you're perceived by the external world.
Get feedback from others (at work and in your personal life) about the
value you offer — the
true measure of your brand is the perception of you held by the external world.
Propels you to solicit feedback from those who know your
value best (peers, management, staff, employees, clients, mentors, etc.), so you'll understand the
true measure of your brand — how you're perceived by the external world.