ANALYSIS: Meaningful improvements in equity return forecasts are possible – with caveats.
The most common of the valuation proxies is the cyclically adjusted price-to-earnings (Cape) ratio.
Ben MarshallSat, 01 Jun 2024
Forecasts of long-term equity returns have important implications. For instance, if the returns that individuals expect to earn on their equity investments are lower than previously thought, they may need to save more for retirement.
Forecasting long-term equity returns is a complex task, as no
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