…that “small and value firms are more susceptible to distress in times of restrictive monetary policy.” His point, however, is primarily that “these relationships have all been well-documented and are…
Search Results for: value
AAII Sentiment Survey – A Contrarian Indicator?
…value of even “extreme levels of sentiment.” Nonetheless, he suggests “the AAII survey is often best used in the context of other market sentiment indicators, including mutual-fund flows or the…
NYU Prof, Damodaran, on Price vs. Value: Reading Earnings Reports
NYU finance professor Aswath Damodaran writes in the blog Musings on Markets about “the pricing and value game and how they play out, especially around earnings season.” Contrasting the two…
Rob Arnott of Research Affiliates Says a “Smart-Beta Crash” is “Reasonably Likely”
…due to growth’s outperformance over value in recent years, the rise in smart beta, or other factors, value seems to be the direction that Arnott suggests investors should be moving….
Stodgy Dividend Payers On Top So Far in 2016
…attractive. As James Paulsen, CIO at Wells Capital Management, puts it: “What better value enhancer for dividend yielders than the threat of the fixed-income market going to negative yields?” Paulsen…
The Cash Returned On Capital Investment (Croci) Approach to Value Investing
…“make a systematic search for value stocks, and make valid comparisons between otherwise different companies,” by attempting to “screen out manipulations” that may affect public accounts. Instead of market value,…
Rekenthaler: 3 Options for Outperformance
…(for example, different time horizons), “two parties will value [a given] stock differently.” When a fund manager evaluated on rolling three-year periods sells a stock from a currently distressed industry…
AQR's Asness on Fama, Momentum Investing and More
…implausible that ‘risk’ can explain its high average returns.” (Fama is a leading thinker on value investing who, through his theory on efficient markets, has offered that higher returns come…
Is the Value Premium Disappearing?
Nir Kaissar, founder of Unison Advisors and columnist for Bloomberg Gadfly, asks the question — does the “value premium” still exist today given the bout of value stock underperformance vs….
An Argument for a 100% Equity Portfolio
…to continue into the future, primarily that “the intrinsic value of your equity investments rises over time” due to ever-increasing economic potential driven by knowledge and technology, among other forces….