The Alcentra view is that more institutions will enter this market because the risk-adjusted returns are "compelling".
Financial scholars David Chambers and Elroy Dimson have calculated that he outperformed the U.K. stock market by a risk-adjusted eight percentage points a year over that period.
This is why I prefer to show expected market returns on an inflation-adjusted (real return) forecasts as well as nominal return expectations.
The problem, of course, in targeting inflation is in deciding which indexes and market indicators (such as inflation-adjusted Treasury bonds) to use.
Finally, we believe Och-Ziff has a strong management team, solid track record of healthy risk-adjusted returns, market share gain opportunities, accelerating fund inflows, and an attractive valuation.
The Federal Reserve Board needs to hold money-market rates next to zero, minus zero adjusted for inflation.
Continental Europe is cheap, with a sector-adjusted price-to-earnings market valuation that is at a 30% discount to the U.S. That, Credit Suisse says, is very close to an all-time low.
In this context, sustainable investments are expected to deliver risk-adjusted returns in line with the market over a reasonably long investment period, and EFP in the form of environmental, social and other added value.
The market is now down almost 60% from its inflation-adjusted peak in August 2000, a percentage drop that has been exceeded only three times in U.S. history: 1852-1857, 1905-1921 and 1929-1932.
The CAPE ratio takes the price of a market and divides it by 10-year average inflation-adjusted earnings, typically resulting in a less volatile gauge of current valuations than standard measures. 3.
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According to a recent report by NatWest, a British bank, American shares have offered better returns, adjusted for the risks, than emerging-market equities over the long term.
More important is the fact that there are a large number of opportunities in the market other than Apple that offer significantly better probabilities of risk-adjusted returns higher than those likely in Apple.
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If market conditions cause asset values to change, the portfolio is re-adjusted (rebalanced) to once again meet the original, targeted asset allocation mix.
The semiconductor and equipment industry normally trades at a premium to the market, when measured in terms of the relative valuation of risk-adjusted EVA performance.
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Net margins are adjusted to exclude taxes and include owner compensation in excess of their market-rate salaries.
Net profit margins are adjusted to exclude taxes and include owner compensation in excess of their market-rate salaries.
Net profit margin has been adjusted to exclude taxes and include owner compensation in excess of their market-rate salaries.
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Net profit margin for the private companies has been adjusted to exclude taxes and include owner compensation in excess of their market-rate salaries.
Looking at the fund's risk-adjusted performance over several years offers insight on how the fund weathered different market environments, says Denny Baish, a mutual-fund analyst with Fort Pitt Capital Group, a wealth-management firm based in Pittsburgh.
While in theory common stocks provide inflation protection, a replay of the 17-year period between 1965 and 1982 (during which the Dow lost more than 68% of its CPI-adjusted real value) would bankrupt a retirement plan that depended upon the stock market.
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Men were found to earn 1.4% less on an annual risk-adjusted basis than women, while women were less likely to participate at all in the stock market.
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