Low blow – Why low-volatility ETFs could prove anything but when you really need them to be

by Ian Kelly Just as nobody buys a parachute primarily for its colour – well, certainly not twice – presumably the main reason investors choose to buy low-volatility exchange-traded funds (ETFs) is safety-related. If they really were looking for a smoother ride from the share prices of their underlying holdings though, events in global markets […]

8 September 2015 by The Value Perspective

News

Read More...

Get your coat – An M&A party may be in progress but what stage of the night have we reached?

By Andrew Williams Here on The Value Perspective we like to keep a close eye on global merger and acquisition (M&A) levels. Rather than viewing any increase in M&A activity as an indication the party is really about to begin for investors, however, we view it as more of a sign the die-hard revellers are […]

29 August 2015 by The Value Perspective

News

Read More...

Elop-sided argument – How might Nokia be faring if Stephen Elop had never been its CEO?

By Jamie Lowry ‘Elop in Espoo’ is not a cryptic crossword clue but our suggestion for a commemorative statue and its location. Much as we enjoy taking contrarian positions here on The Value Perspective, however, is the argument that Nokia should honour its controversial former chief executive Stephen Elop by erecting a statue of him […]

22 August 2015 by The Value Perspective

News

Read More...

Formula wear – What does it say that economists are using more and more equations these days?

By Ian Kelly Academic papers set great store by being able to portray any new research they reveal to the world as ‘statistically significant’ – meaning, broadly speaking, it has lower than 1-in-20 odds of merely being chance. However, as we pointed out in Jellybean Trilogy IV (trust us, that title does hold up), statistical significance […]

8 August 2015 by The Value Perspective

News

Read More...

What would Kermit do? – Why some human decisions are no different from a frog eating a fly

What is it with scientists and frogs? From default dissection candidate in the classroom to unfortunate participant in experiments into the dubious premise of whether it really will sit obliviously in a pan of slowly-heated water until it is cooked to death, the poor amphibian’s relationship with scientific research seems especially fraught. It even turns […]

3 August 2015 by The Value Perspective

News

Read More...

Can regulation improve analysts’ forecasts? – Can you guess what we think about that question?

By Jamie Lowry Last week, in ‘Sell’ preservation society, we tiptoed around the possibility analysts might occasionally pull their punches on company research for fear of upsetting colleagues in more profitable parts of the investment banking world. This time we return to more familiar ground by suggesting there is no point relying on analysts’ forecasts […]

28 July 2015 by The Value Perspective

Expert Opinion

Read More...

‘Sell’ preservation society – A lack of analyst ‘sells’ is one more reason to do your own research

By Nick Kirrage In some ways you have to admire their upbeat attitude. The rest of the investment world may have spent recent months fretting over such concerns as the possibility of Greece leaving the eurozone, the Chinese market bubble and the unstable geopolitical situation – and yet company analysts are apparently now more bullish […]

22 July 2015 by The Value Perspective

News

Read More...

Power struggle – Oil companies may look cheap but there are some very good reasons for that

By Ian Kelly “If you are long commodities, you are short human innovation” may have been first suggested as an idea some five years ago by the then Société Générale strategist Dylan Grice but it has become something of mantra here on The Value Perspective as we strive to make some sense of valuations in […]

21 July 2015 by The Value Perspective

News

Read More...

Crash course – The scariest aspect of China’s recent market falls is what could be left to come

By Jamie Lowry One of the few things that might be said for the Greek crisis is at least it helps take the mind off the story currently unfolding in the Far East. Still, while many investors have been worrying about how far China’s domestic markets have fallen since last month’s high, here on The […]

15 July 2015 by The Value Perspective

News

Read More...

‘Wriggly’ believe it or not – Few rich nations now boast what we would call a margin of safety

By Nick Kirrage If a company’s stockmarket valuation stands at a significant discount to its fundamental worth, then investors enjoy not only the potential for share price appreciation but also some protection against the impact of adverse events. This so-called ‘margin of safety’ is integral to the appeal of value investing and so it was […]

14 July 2015 by The Value Perspective

News

Read More...
1 2 3 4 17