Sentences with phrase «valuation levels»

From current valuation levels, dare we expect PE expansion?

The strong valuation levels of mall REITs continue to attract new investors.

To be clear, stocks are still trading at valuation levels rarely before seen in history.

I believe that we are likely to see another stock crash in the next few years, one that will take valuation levels for stocks down to one - half fair value.

Firms of growth stocks all trade at high valuation levels, meaning they usually have high price - to - earnings (P / E) ratios.

High stock valuation levels can mean lower expected stock returns, and low bond yields usually point to lower future bond returns.

That said, this was not a post about the overall market valuation level.

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.

Two of the models use only past performance and ignore valuations, and four of the models are based on valuation levels relative to historical norms.

The portfolio manager and analysts seek to identify those companies that have compelling business models, strong management teams and attractive valuation levels.

This article explains why local currency emerging market bonds are attractive relative to historical valuation levels as well as current developed market opportunities.

The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures.

My overall valuation level was 3 — done about 6 weeks ago.

Many of the tools that conventional analysts use are tools that were developed at times when stocks were at lower valuation levels.

Together, they present a more complete picture of equity valuation levels, although certainly not the only one.

The basic idea behind the two pieces is this: sure, we're at average valuation levels now, but in a real bear market values can get cut in half from here.

But the underlying focus is identifying sound companies trading at reasonable dividend yield valuation levels.

These are a few of the main reasons why the stock market has reached rather elevated valuation levels without any type of meaningful correction during the past several years.

With both groups starting from high absolute valuation levels, it's difficult to argue for strong returns for either group.

That's just a quantitative way to say that we believe valuation levels today trump the historical analysis of stock and bond volatility.

Look carefully at the chart above, and notice that secular valuation lows such as 1950 and 1982 occurred at valuation levels just one quarter of current levels.

We believe the recent downside volatility offers a good opportunity to put money to work at better valuation levels.

I believe that we are likely to see another stock crash in the next few years, one that will take valuation levels for stocks down to one - half fair value.

Despite utilities having a relatively predictable business model, the current valuation level makes utility stocks, in our opinion, risky investments.

The subsequent (and recent) small - cap rally beginning in 1999 began from a relative valuation level not seen in more than 25 years.

This is an important difference in beginning valuation levels.

Stock prices can, and often do, fall from fair valuation levels.

Although at 22 time trailing twelve month earnings the market may seem expensive, selling your stocks on some magic valuation level and fear will actually make you wrong.

Financial markets do not top or bottom at exact predetermined valuation levels, as every cycle is different.

Returning to the median valuation level since 1990 would take us to a near - zero real return.

My view is this: we're not at table - pounding valuation levels yet, but someone with a value and quality bent will make money over the next ten years.

It's that we have seen exceedingly poor long - term returns each time in the past that we have reached insanely dangerous valuation levels.

Based on this perspective, the only way the market is not substantially above sustainable valuation levels is if current long - term interest rates permanently remain at these levels.

Does the current valuation levels mean that you should be all in cash?

Historical factor returns — net of changes in valuation levels — are much lower than recent performance suggests.

That said, this was not a post about the overall market valuation level.

The concept of using a stock allocation that moves from 25 percent to 75 percent, depending on valuation levels, is old news.

Knowing the economy is in recession gives investors an opportunity to compare current valuation levels to other periods when the economy was in recession.

The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels.

Still, the shares are trading near historically low valuation levels.

And valuation levels for stocks always need to be taken into consideration.

She says she is not worried about equity valuation levels or inflation and is telling investors to stay invested.

Real estate, venture capital and private equity are also likely reaching above average valuation levels.

At more moderate levels of real rates, such as between 2 % and 5 %, higher valuation levels are the norm.

Neither the price - to - earnings (P / E) expansion in the chart above nor the absolute valuation levels are sustainable.

And, of course, bonds have been in a bull market since 1981, leading to valuation levels today that are hard to comprehend.

If inflation stays low AND cash rates remain low AND cooperative markets allow portfolio engineering to reduce the risk of stock / bond portfolios, you can make today's valuation levels make sense.