Indeed, changes in valuation may subtract from future returns.
实际上，估值的变化的影响可以从未来收益中消除。
So future returns are likely to be lower than the previous norm.
因此未来的回报很可能也比之前的标准低。
Today's investment will bring the number of times for future returns.
今天的投入将会为未来带来数十倍的回报。
They cannot control the level of future returns but they can do something about costs.
未来的收益多少无从把握，但控制交易成本还是能够有所作为的吧。
When share valuations are high, future returns are likely to be low and vice versa.
当股票价值高涨时，未来的收益就可能偏低。反之亦然。
Of course, as the disclaimer goes, past results are not a guarantee of future returns.
当然，就像免责声明说陈述的，过去的成绩并不保证未来的回报。
Assets would have fallen to their normal worth, the present discounted value of their future returns.
资产应该跌回正常价值，即未来收益的折现值。
PAST performance is not an indicator of future returns. That, at least, is the advice given to investors.
过去并不代表未来，这至少可以给投资者一些启示。
Past performance is not an indicator of future returns. That, at least, is the advice given to investors.
过去的付出并不代表未来的收获，这至少可以给投资者一些启示。
The bear market between 2000 and 2002 brought a sober reassessment of the future returns likely from equities and bonds.
2000年到2002年间的熊市使得人们对未来可能从股票和债券上获得的收益进行了清醒的重估。
With bonds yielding 4-5% and equities returning perhaps 3% on top, composite future returns of 6% or so looked inadequate.
在债券收益率为4- 5%和股票收益率大约最高3%的情况下，大约6%的未来综合收益率就显得不足了。
To the extent that they see a stable exchange rate as the top priority they may be relatively relaxed about yields and future returns.
只要它们认为稳定的汇率优先，利率和未来回报率相对可能就没那么重要了。
As more money piles into the business, groups could lose their focus, and competition could push up the prices for deals and force down future returns.
随着行业里堆积的资金越来越多，各组织也可能因此失去重心，并且竞争也会推高交易价格，从而导致未来收益下降。
One study found that an unvarying computer model of stock analysts' estimates of future returns was more accurate than the analysts themselves 72% of the time.
一项研究发现，一个股票分析师用于预测未来收益的固定电脑模型在72%的情况下比分析师本身更准确。
However, studies suggest this is extremely hard (hence the rubric routinely attached to British financial products, "Past performance is no guarantee of future returns").
然而，研究表明这是极其困难的(因此“过去的表现并不能保证未来的收益”这种提示通常是英国金融产品的一部分)。
On the one hand, high past returns are an indicator of low future returns: that has certainly proved true for those who bought equity mutual funds at the turn of the decade.
一方面，过去的高回报率是未来低回报的指标：对于那些在这十年交替中购买股权共同基金的人们而言，这点已经证明是真理了。
However, in the real financial world, investors differ in valuations as a result of the uncertainty of future returns, private information and heterogeneous priors etc.
然而，在现实的金融市场上，由于未来收益的不确定性、私有信息以及先验异质等原因，投资者的收益预测存在分歧。
A third factor is that Asian central Banks are big buyers of Treasury bonds as part of their exchange-rate management policies, and are relatively indifferent to future returns.
第三个因素则是亚洲的央行作为国债的大买家，这是它们汇率管理政策的一部分，它们相对而言不关心未来的回报。
It measures the profitability of a project by comparing the value of a dollar today to the value of that same dollar in the future, taking inflation and returns into account.
它通过比较一美元在今天的价值与其在未来的价值——考虑到通货膨胀和收益——来度量项目的盈利性。
Mr. Wolf said that regardless of whether Mr. Jobs returns to Apple, the company would probably continue doing well for the foreseeable future, though its long-term prospects are more uncertain.
沃夫说，尽管长期前景尚不确定，但是不论乔布斯是否再回来，在可预见的将来内苹果公司都将会继续运行良好。
You share one piece of knowledge and then could come a time of returns (maybe not immediately, but with many magic happenings in the future).
你可以分享一种知识，说不定就会有回报的一天（也许不是即时的，但谁敢说未来不会有神奇的际遇呢？）
For example, a read or write returns a Future because the operation returns the number of bytes read or written.
比如，读取或写入操作会因为操作返回读或写的字节数，而返回一个Future。
These funds' returns depend both on the overall movement of prices, and on the difference in price between contracts for prompt and future delivery.
这些基金的收益既来自于价格的总体走向，也来自于现货和期货之间的价格差。
What then does common sense tell us about future asset returns?
那么，有关未來的资产报酬率，常识告诉我们些什么呢？
This is often around 8%, and reflects the performance of the past 20-30 years. However, such returns will be hard to come by in future.
然而，这一数字体现的是过去二十至三十年中的资产汇报情况，将来很难达到这一水平。
Returns predicted future or historical values for time series data.
返回时序数据的将来或历史的预测值。
Returns predicted future or historical values for time series data.
返回时序数据的将来或历史的预测值。
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