skyscraper

skyscraper


    Choose language
    flag-widget
    flag-widget
    flag-widget
    flag-widget
    flag-widget
    flag-widget
    flag-widget

    Use "forward-looking" in a sentence

    forward-looking example sentences

    forward-looking


    1. A virtual reality place, an escape from stuffy classrooms and oppressive family situations, a place you never tell your mother about, and she never tells you about, but which you both know about; the daydream blueprints which suffused our youths with rosy forward-looking


    2. Jesus held more than twenty sessions with this forward-looking Jew; and it is not surprising, years afterward, when Paul was preaching in this very synagogue, and when the Jews had rejected his message and had voted to forbid his further preaching in the synagogue, and when he then went to the gentiles, that Crispus with his entire family embraced the new religion, and that he became one of the chief supports of the Christian church which Paul subsequently organized at Corinth


    3. comprehensive and forward-looking than it would first appear


    4. INCLUDES OR IS BASED UPON FORWARD-LOOKING STATEMENTS WITHIN THE MEANING


    5. It gets its vitality through a growth process, continues with life, a spreading of an affection always forward-looking; anything else is an indication of a faltering marriage


    6. Few walls still stand in the investment world today, and it is widely understood that forward-looking analysis can be profitably applied to instruments of all sorts


    7. • Highly unusual one-time news events that are forward-looking that could override the systematic model


    8. Whetting the appetite: Historical averages and forward-looking returns


    9. • Forward-looking indicators such as valuation ratios have a better track record in forecasting future asset class returns than rearview mirror measures


    10. Investors began to pay attention to forward-looking valuation ratios

    11. All forward-looking indicators have their shortcomings and must be used with care


    12. Forward-looking value indicators have their own limitations but are often superior proxies for expected returns


    13. Again the realized average return clearly exceeds the forward-looking return that was reasonable to expect in the 1980s, let alone now


    14. Unfortunately, most equity investors may have focused more on historical returns than on forward-looking returns


    15. Yet, as I will show, forward-looking indicators, such as simple value and carry measures, can be useful proxies of long-run expected returns


    16. For yields and for forward-looking estimates of return, a survey-based or other measure of expected inflation may be more appropriate if such data exist


    17. Several studies of the equity risk premium also shifted the academic focus from historical average returns to more forward-looking measures


    18. The rest of this chapter covers the equity premium from different angles: theoretical determinants, historical experience, forward-looking value measures, survey forecasts, and tactical forecasting models


    19. 0% D/P, a forward-looking measure predicts only 5


    20. Among forward-looking measures of equity market carry or value, dividend yield was the early leader

    21. One estimate of the equity market’s forward-looking returns, 1958–2009


    22. Forward-looking analyses of the ERP became more popular after the tech bubble, partly because they sent a good warning signal about low future returns (albeit prematurely) and because they highlighted the shortcomings of basing equity premium estimates on historical average returns


    23. Even academic views on the equity premium have evolved during the past decade—perhaps reflecting a shift from basing equity premium estimates on historical average returns to basing them on forward-looking analysis like the DDM


    24. Forward-looking or expectational measures of bond returns can tell us more about whether the reward for duration extension is currently high or low


    25. Forward-looking assessments can be strategic (about the sustainability of a long-run premium) or tactical (about timing the strategy)


    26. There are further choices regarding the numerator such as whether to use forward-looking or trailing earnings, which historical window, and which specific earnings measure? What all these methods have in common is that some measure of the firm’s intrinsic value is compared with its market price


    27. Some empirical studies show that trailing earnings work better than forward-looking earnings in earnings/price ratios, or that smoothed multi-year earnings work better than one-year earnings


    28. (The challenges include temporal lining up of the series, which is ambiguous due to publication lags and the forward-looking nature of asset prices; proxying unobservable expectations; and dealing with data revisions


    29. This finding may reflect the forward-looking nature of stock prices (they reflect cash flow news several quarters and years ahead) or the offsetting impact of changing required returns


    30. Furthermore, forward-looking yield spreads and market valuation multiples may reflect illiquidity premia in addition to other risk premia

    31. In the absence of good forward-looking anchors, the expected return may even become negative, due to overvaluation and overcrowded positions


    32. Forward-looking return signals are surprisingly good indicators of long-term return outlook


    33. Moreover, the operating earnings number that is usually cited by sell-side analysts is the forward-looking consensus analyst estimate of next year earnings, rather than trailing earnings


    34. Professional investors and CFOs have given forecasts more in line with forward-looking market valuation indicators


    35. When interpreting the relationship of asset returns to the prevailing macroeconomic environment, we must also keep in mind financial assets’ forward-looking nature


    36. one should not expect large cyclical patterns in the returns of forward-looking, long-lived assets which should “see through” many cycles [1]


    37. However, equities’ forward-looking nature and/or countercyclical risk premium are highlighted by the fact that the stock market’s realized returns are high around business cycle troughs and low around business cycle peaks


    38. It is useful to study forward-looking valuation indicators more directly


    Show more examples