Starting valuation matters
The chart below from the Schroders value team illustrates this using 150 years of market data. It shows the average 10-year return from US stocks based on their starting cyclically adjusted price-to-earnings (Cape) ratio.
Trade Nivesh Value Cape
Starting valuation matters
The chart below from the Schroders value team illustrates this using 150 years of market data. It shows the average 10-year return from US stocks based on their starting cyclically adjusted price-to-earnings (Cape) ratio.
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