…performance of value vs. growth over the last few years. According to Ben Johnson, co-author of the book Strategic Value Investing, “Successful value investing requires independent thought and going against…
Search Results for: value
The Market Valuation Snapshot
…calculated by dividing the market value of total assets by their replacement costs. This level indicates that the stock’s value is higher than the asset replacement costs, also pointing to…
Stop Losses are a Good Idea
…without the potentially harmful influence of the ‘endowment effect’”— assigning a higher value to assets we own compared to those we don’t. “Of course,” Klement argues, “it could well be…
Morningstar Compares Research Data to Real-World Investing
…director of passive research in North America, shared his insights on some discrepancies between the two: Fama-French Value Factor: In 1992, these economists found that stocks trading at low valuations,…
Market’s Valuation Could Hold Back Trump Bull
…the end of last year, that article states, the total value of U.S. stocks was an estimated 169% of gross domestic product (GDP), compared to 85% at the end of…
AQR's Antti Ilmanen Predicts Low Returns
…characterized as “payback time for the boomer generation’s windfall gains.” In this scenario, he said, “long-only institutional portfolios suffer across the board (although liability values fall).” 2008 Redux: Equity valuations…
Four High-Quality Picks with 3% Dividends
…that management has been using excess capital to increase shareholder value). Paychex, Inc. (PAYX), a provider of integrated human capital management solutions, scores well based on its earnings predictability, debt-free…
Research Analyst Predictions Can Add Value
…to “add value when applied to neglected stocks with no recent broker estimates.” “At a time when active management is the recipient of an ample share of bad press and…
Bob Doll's 10 Predictions for 2017
…rise but price/earnings multiples fall; For the first time in 20 years, stocks outperform bonds for the sixth year in a row. Volatility rises, however. Small-cap and value stocks, and…
Three Picks that Benjamin Graham Would Approve
The difference between a company’s actual value (net working capital minus debt) and the value at which its shares sell in the market describes what Benjamin Graham called the “margin…