Not exact matches
«It's always hard to know exactly where to put your money these days given how rates and spreads are so low, but
on a
relative basis we still think there's
value in EM debt,» Matt Tucker, head of the iShares fixed income strategy team, said this week during a panel discussion at the Morningstar ETF Conference in Chicago.
Not that you should choose your college or university solely
on the
basis of future earnings potential, but still: The
relative value of that degree should definitely be part of the decision.
This tells you the
relative value of your property,
based on its size.
At Mr. Cook's request, the 2011 RSU Award was modified in 2013 to put more than $ 123 million of the original grant date fair
value of the award at risk,
based on Apple's
Relative TSR performance.
Second, the
value of bitumen
relative to the
value of heavy oil was lower than expected, leading to a lower than expected royalty
base on which the province was collecting royalties at lower than expected rates due to low WTI prices.
• Actual
value relative to target
based on performance against corporate goals and stock price performance
The effects of moneyness (account
value relative to the guarantee
base)
on partial withdrawal behavior differ depending
on circumstances.
Any external upward pressure
on interest rates beyond a fraction of a percent will have to be rapidly offset by a large reduction in the outstanding monetary
base in order to avoid a deterioration in the
value of money
relative to goods and services (i.e. inflation).
This data also forms the
basis for the
Relative Strength price charts found
on each industry page in the
Value Line Investment Survey.
So
on that
basis, if we look at the
value of gold being thirteen hundred dollars today
relative to the cost of mining..
We not only want to reveal to investors which firms are undervalued (both
on a discounted cash flow and
relative value basis), in our view, but we also want to provide investors with the information needed to anticipate entry and exit points.
The Russell 2000
Value Index is a subset of the securities found in the Russell 2000 selected based on a «probability» of value as measured by their relative book - to - price (B / P) r
Value Index is a subset of the securities found in the Russell 2000 selected
based on a «probability» of
value as measured by their relative book - to - price (B / P) r
value as measured by their
relative book - to - price (B / P) ratio.
But I would say my concept of
value has changed to a more
relative sense of valuation,
based on the expected growth rate applied against the price of the stock.
Morality is
relative to a
value system, but religious
values are
based on the delusion of an imaginary god.
The only intelligible solution to this problem would seem to be to admit the
relative religious
value,
based on experience, of each group's scriptures for its own corporate life, but to recognize that no book has final authority.
All capital budget items shall include justifications
based on return
on investment, leverage of other revenue sources, payback period, impact
on credit rating,
relative value in reducing operating or capital costs, or other such appropriate measures typically utilized to justify and prioritize such expenditures.
At least 31 states use the system New York's board is proposing, a «resource -
based relative value system» which tries to qualitatively measure how much medical procedures are worth,
based on factors like the amount of time they take to complete, and the cost of the materials used to perform them.
Ct
values were then converted to a
relative expression
value based on the standard curve.
The BMI is a measure of body fat
based on height and weight and is a
value that gives a
relative risk for health problems when it deviates from the normal range.
So - called «
value - added modeling» attempts to estimate a teacher's
relative abilities
based on how they expect students to do given their past performances.
That
relative value proposition is further amplified by the fairly generous amount of equipment that comes as standard
on the
base spec Nissan Armada.
The company is trading at 50 % premium to German luxury car makers such as BMW and Daimler (the maker of Mercedes cars)
on the
basis of enterprise
value (EV)
relative to EBITDA.
We will continue to evaluate Auto Shows
on a case by case
basis relative to the timing of our product introductions and the
value the show brings from a media and consumer perspective.»
Audi last week said it would «continue to evaluate auto shows
on a case by case
basis relative to the timing of our product introductions and the
value the show brings from a media and consumer perspective.»
The part of me that evaluates consumer electronics
based on their utility and
value is baffled by the Oasis» asking price, though, especially
relative to the Paperwhite.
Appraisers will adjust the
value of any non-permitted additions
based on the
relative quality of the work.
To be sure, while focusing
on factor and smart beta strategies has historically, over longer periods of time, earned higher risk - adjusted returns
relative to the broader market, there have been stretches, even long ones, when factor -
based approaches underperformed (think
value during the 1990s), according to data accessible via Bloomberg.
Deals were chose
on a
basis of their
value and compared to the
relative cost of each card.
It also supports direct speculation and evaluation
relative to the
value of currencies and the carry trade speculation,
based on the differential interest rate between two currencies.
Investments are chosen
based on relative value without reference to qualitative content of the benchmark
Based on this calculation, stocks with high 52 - week price multiples and smaller percentage lag
values benefit
relative to stocks with lower multiples and higher percentage lag.
On a relative basis, small U.S. companies are more richly valued than large, global ones (see http://hussmanfunds.com/rsi/relativevalue.htm for more on this
On a
relative basis, small U.S. companies are more richly
valued than large, global ones (see http://hussmanfunds.com/rsi/relativevalue.htm for more
on this
on this).
Investment decisions are made
on a
relative -
value basis, with the goal of capitalizing
on opportunities across a wide range of market conditions.
Market
value is the only thing that matters because that is the
basis on which an investor would make buy or sell decisions
relative to alternatives.
Based on most metrics, the U.S. stock market is the second - highest it has ever been
valued relative to fundamentals like earnings or book
value.
The team ranks the stocks in this universe
based on a series of growth factors, such as the change in consensus earnings estimates over time, the company's history of meeting earnings targets, earnings quality and improvements
on return
on equity, as well as a series of
value criteria, such as price - to - earnings ratio and free cash flow
relative to enterprise
value.
It bears mention that Sanjoy Basu's seminal paper
on the
value effect appeared in 1977 after an extraordinary five - year run in which the
value effect both delivered exceptional returns, following the collapse of the Nifty Fifty, and saw an exceptional rise in
relative valuation to levels, at least
on the
basis of P / B, never seen since.
Every year, individual stocks are assigned to a portfolio
based on their
relative size and book -
value - to - market -
value ratios and may move between portfolios in successive years.
Based on our
relative purchasing power parity (PPP) model, EM currencies tumbled from 25 % above fair
value in 2011 to 30 % below fair
value in January of this year.
Value - focused allocations are
based on relative attractiveness of investments in different market cycles.
In the process of scanning the investment landscape to find
value amidst the all time highs for the indices, I've noticed that a number of big cap tech stocks are priced at low valuations
relative to their earnings and free cash flow, measured
on an absolute
basis and
relative to their own historical valuations.
It is the source of bubbles and panics, and will always create opportunity for the investor that makes decisions only
based on price
relative to intrinsic
value.
The fund attempts to find securities that offer
relative value,
based on an assessment of real interest rates and the yield curve, and that have the potential for moderate price appreciation.
In this part 2, I will present the final 10 of 20 attractively -
valued dividend growth stocks that I felt were currently worthy of consideration
based on attractive or fair valuation
relative to the overall market.
All intrinsic
value calculations and formulas are
based on the opportunity cost
relative to the risk - free interest rate.
Interesting and sometimes compelling idea that may be very illiquid, may be a probability bet with a favourable asymmetrical reward to risk ratio, or may simply be a low quality business that is very cheap
relative on a net - net working capital or price / tangible book
value basis.
Valuation Chart at Left: Compares the Hartford Funds
Value Factor Score, a composite measure of relative valuation based on five measures of value, of the stocks that comprise RODM with the stocks within the MSCI World ex USA I
Value Factor Score, a composite measure of
relative valuation
based on five measures of
value, of the stocks that comprise RODM with the stocks within the MSCI World ex USA I
value, of the stocks that comprise RODM with the stocks within the MSCI World ex USA Index.
Based on M&A multiples in the industry (plus cash
on the balance sheet), I'd now peg my secondary price target at a $ 16.69
Relative Fair
Value.
At this point, we're long past my original (earnings & cash
based) Intrinsic Fair
Value target, so it's only logical to opt for my
Relative Fair
Value target (3.5 Price / Sales & Cash,
based on comparable M&A multiples — which, frankly, I've never really understood — again, see my original TRIB post).
The expected
value of a return is
based on its volatility
relative to the benchmark and the correlation to that index.