…eventually suppress equity market momentum. * Doll expects continued improvements in the global economy and sees “few signs of stress that would signal a coming recession” particularly if the new…
Search Results for: momentum
Five Picks for the Common-Sense Investor
…such as this. Findings suggest that “those companies most likely to issue stock have a history of negative return-on-assets, high valuation multiples, previous capital raises and positive price momentum.” Circling…
Sexy Companies Don't Necessarily Make Good Investments
…stock have a history of “negative return-on-assets, high valuation multiples, previous capital raises and ‘positive price momentum’.” Unfortunately for shareholders, the article argues, “these same companies are likely to burn…
Fundamentally-Focused Momentum Stock Picks
…data illustrating that the risk premium associated with the momentum strategy leads to long-term performance (see factor chart below). He describes the Validea momentum strategy (which combines the investment approach…
Stop Losses are a Good Idea
…that the fundamental case for the investment hasn’t changed. Then the question becomes whether to enter into it again.” He suggests; (1) looking for changes in momentum for clues, or…
Morningstar Compares Research Data to Real-World Investing
…different than how most funds are constructed (by market capitalization). This “gives you a bit of an imbalance” with respect to performance, Bryan argues. Momentum investing: On paper, Byran says,…
AQR's Antti Ilmanen Predicts Low Returns
…historically generated positive long-run risk-adjusted returns,” and described the following: Value—relative cheapness Momentum—recent winners versus losers Carry—outperformance of high versus low yield assets Defensive—outperformance of lower-risk and higher-quality assets Trend—recent…
Arnott: Emerging Markets Hold Promise
…Rob Arnott, who thinks that, notwithstanding swelled valuations (based on Shiller PE ratios), “emerging-market stocks offer an attractive combination of depressed currencies, low valuations and strong momentum.” Using his guru-based…
Rob Arnott is Pro-Emerging Market Investment
…unusual three-way combination of low valuations, depressed currencies and strong momentum.” Here’s how: Low valuations: Arnott uses the Shiller PE ratio (which uses 10-year historical inflation-adjusted earnings) as a basis…
Investing Like Buffett and Soros Could be Within Reach
…momentum or low-volatility,” Reese writes. AQR created a portfolio that tracked Buffett’s style and found that, if run over a 40-year period, it would return within 4 percentage points per…