Value stocks in the U.S. have lagged growth since early 2007, a brutal and rare 12-year stretch of underperformance.
Value stocks as measured by P/B ratio trailed growth by a crushing 5.5 percentage points a year from April 2007 through May. Other measures of value fared better but also fell behind. Using P/E ratio and P/CF ratio,value lagged growth by 2.1 percentage points and 2.6 percentage points a year, respectively, over the same period.
There are already some popular theories why Value Investing is lagging.
One is that value investing has become too popular. Once the value premium was discovered, the theory goes, investors piled into value stocks and squeezed the premium away.
A second theory is that growth companies are more dominant than they used to be. Their vast technological edge and near-monopolistic powers, it is said, will allow them to outpace value companies for the foreseeable future.
A third theory — and the most generous to value — is that the measure of value is broken, not necessarily the strategy itself.
P/B ratio is widely used by researchers and indexes to identify value stocks, but some complain that book value no longer captures the full value of intellectual capital and other intangible assets of fast-growing companies such as Amazon, Google and Facebook, making them appear more expensive than they truly are.
Source: Don’t Count Out Value Investing Despite Growth’s Spurt
To check your heart rate, count your pulse beats.
Your can check it from wrist or on neck near windpipe. Also, pulse rate can be felt on groin.
Wrist pulse rate is called Radial pulse.
Resting Pulse rate between 60 and 100 beats per minute is normal.
Pulse rate or heart rate depends on many factors.
Age, fitness and activity levels, being a smoker, cardiovascular disease, diabetes, Emotions, body size and medication.
A well trained athletes heart rate is lower. It can be 40 - 50. But, for common people it is low and demands visit to a doctor.
If heart rate consistently comes below 60 or above 100 then consult your doctor.
To check Pulse beats, it is easier to check this way as in pic. You can easily feel the beats.
Remember, normal reading of 60 to 100 is resting pulse beats. If you run and then check then it will surely comes higher.
More here:
What's a normal resting heart rate?
Your can check it from wrist or on neck near windpipe. Also, pulse rate can be felt on groin.
Wrist pulse rate is called Radial pulse.
Resting Pulse rate between 60 and 100 beats per minute is normal.
Pulse rate or heart rate depends on many factors.
Age, fitness and activity levels, being a smoker, cardiovascular disease, diabetes, Emotions, body size and medication.
A well trained athletes heart rate is lower. It can be 40 - 50. But, for common people it is low and demands visit to a doctor.
If heart rate consistently comes below 60 or above 100 then consult your doctor.
To check Pulse beats, it is easier to check this way as in pic. You can easily feel the beats.
Remember, normal reading of 60 to 100 is resting pulse beats. If you run and then check then it will surely comes higher.
More here:
What's a normal resting heart rate?
Extreme Daytime Sleepiness May Be Diabetes Sign
This is just a objective article about if Diabetes and Daytime sleepiness can be related?
Recent research suggests that extreme sleepiness could be a sign of depression or a diabetic, even if a person does not sleep well.
There is a strong correlation between extreme daytime sleepiness and diabetes. Individuals with diabetes are two times more likely to report extreme daytime sleepiness than those who are not.
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| thediabetescouncil.com |
I once listened on TV Channel that bear market last for only 1 or 1 and half year max. That time more than one year has passed. I thought may be bear market will die soon and If Not then its days are numbered.
Google Finance showing S&P BSE SmallCap index from Apr 2003. I checked how long correction in this index stayed.
Here are two corrections (Only long and big corrections):
1. Jan 2008 - Mar 2009: 1 year 2 months
2. Oct 2010 - July 2013: 2 years and 10 months
3. Jan 2018 - ? : 1 year and 6 months has passed. If this is the end? Only time will tell.
BSE SmallCap and BSE MidCap go together as we can see in this chart.
In this chart, you can also see the data I have given. The data is roughly taken from the chart itself. So, broader market correction can last longer than 1 and half year and no need to find cushion in this idea. In next bear market, you know you should sell if you sense long bear market. Earlier you sell, more money you save and that is like earned money. If you can deploy one bull market money in next bull market then you can earn wealth ELSE just work without pay.
Most of the Retail Investors invest in SmallCap or MidCap. So, thinking only about 30 stocks (Sensex) or Nifty 50 is no use. Broader market earns us money. Even to biggies, broader market earn money. Only rarest of rare may be investing only in Sensex Index or Nifty ETF.
Google Finance showing S&P BSE SmallCap index from Apr 2003. I checked how long correction in this index stayed.
Here are two corrections (Only long and big corrections):
1. Jan 2008 - Mar 2009: 1 year 2 months
2. Oct 2010 - July 2013: 2 years and 10 months
3. Jan 2018 - ? : 1 year and 6 months has passed. If this is the end? Only time will tell.
BSE SmallCap and BSE MidCap go together as we can see in this chart.
 |
| BSE SmallCap and Midcap from 2003 |
Most of the Retail Investors invest in SmallCap or MidCap. So, thinking only about 30 stocks (Sensex) or Nifty 50 is no use. Broader market earns us money. Even to biggies, broader market earn money. Only rarest of rare may be investing only in Sensex Index or Nifty ETF.
