Figure 1 illustrates the variation in three-year relative return performance of four value and growth strategies.
Hedge-fund managers reckon that their conventional cousins' attachment to relative return will have to be jettisoned if the bear market continues.
What is discovered here is the impact of the one year where the best relative return of the portfolio blended with gold and real estate might be skewing the previous data.
Long term plans rely on relative performance measures such as total shareholder return relative to the average return for other companies in the same industry.
Other relative-return asset managers have bought alternative-asset firms.
To the extent that this has made labour more abundant, and capital relatively scarcer, it has put downward pressure on wages relative to the return on capital.
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Altisource Residential hopes its strategy will result in "a lower acquisition price and therefore a higher return relative to competitors that focus on direct purchases of single-family rental properties, " according to the prospectus.
The study found that the relative peak to trough return of the average of the conflict countries was -47%.
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Alternative indexes have higher risk than market-based indexes and therefore provide a different return path relative to the risk.
Evaristo went to buy us a bottle of water, from the house of a relative, for the return trek to Iruya.
Companies with brands that delivered distinctive benefits generated total shareholder return, relative to their industries, that was 9.5 points higher than brands that were weak in delivering distinctive benefits.
Yes, tomorrow this beautiful, rural part of Wales will return to relative silence after four days of clapping, cheering and laughter, as well as the odd moo and baa.
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Senior executives of the telecom concern won't receive additional restricted shares tied to its relative stock performance if shareholder return is negative over a three-year period.
Refusing to pay dividends, he says, leads to cash hoarding and chronic over-capitalization, leading mangers to seek out investment choices with lower and lower net present values, which is especially true given that any return looks good relative to the effective 0% returns now available on cash.
When the perceived risk of an asset class is low, the expected return is also low relative to more risky asset classes.
In addition, an added benefit has been a excess return derived from regular rebalancing relative to a portfolio that is not rebalanced.
DiMicco's own compensation involves three-year performance metrics tied to return on equity, return on capital and revenue growth relative to steel industry peers.
However, Kerger refused to disclose any plot details, including whether Shirley MacLaine would return as a newly introduced American relative to the Crawley family.
Assume for example that real estate has a relative advantage over other asset classes or a superior return potential over the long term.
Khobaib Hussain, Ishaaq Hussain and Ali were forced to return just three days later after a relative got wind of the real reason for their journey.
This technique reduced the average market cap relative to the cap weighted index and helped boost the return.
Despite the relative respite from market volatility so far in 2012, it will surely return, probably sooner rather than later.
Purchasing MBS to fuel the housing market merely delays the readjustment of relative prices that needs to occur before the U.S housing market can return to normal.
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The average household generates an additional return of 3.7% per year from its local holdings relative to its non-local holdings, suggesting local investors are able to exploit local knowledge.
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Celgene, on the other hand, produced even more growth (innovation?) than was implicit in their 2005 valuation and so their return to investors over the next five years was outstanding (62% cum relative TSR).
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Broadly, instead of using simple supply and demand, it explains changes in the demand for one asset (a small silver coin, say) relative to another (a large coin) in terms of changes in the rate of return that the holder of the assets can expect from each.
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Company data such as return on assets and return on equity are analyzed with respect to trends in their own performance, and relative to industry averages.
So what we did for what I call the magic formula in the book is, we rank all companies based on their return on capital and we also rank all companies based on how cheaply we can buy them relative to their earnings.
Or to put it another way, in the absence of dangerous leverage - or huge debts relative to their capital resources - can Goldman, Morgan Stanley, Barclays Capital and so on make a decent return without a massive overhaul in their business models (management-consultant speak for huge job cuts)?
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