Appendix For Those Who Want To Dig Deeper
Royal Blue Index
In Q3 the High P/E Tier was the best performing subset, up 2.1%. However, the High P/E Tier has lagged the other two segments significantly YTD—up only 3.1% compared to +10.1% and +11.8% for the Mid and Low Tiers, respectively.
Royal Blue Index
In Q2, the Low P/E Tier was the best performing subset, up 6.6%. The Low P/E Tier also leads YTD +9.6%. The High P/E growth names are lagging severely YTD, up only 1%.
Royal Blue Index
In Q1 the High P/E Tier was the worst performing subset, down 2.2%. It was the best performer in 2013 (+39.9%), with the Middle P/E Tier (+33.0%) and Low Tier (+33.9%) trailing.
Royal Blues: High P/E Tier Beats S&P 500
The High P/E Tier is now slightly overvalued, the Middle P/E Tier is overvalued, and the Low P/E Tier continues being quite overvalued.
The Cream of the Institutional Equity Crop Broken Down By P/E Multiples
In Q3 the High P/E Tier was the best performing subset, up 7.6%. It is also the best performer YTD (+23.7%), with the Middle P/E Tier (+22.9%) and Low Tier (+21.7%) just behind.
The Cream of the Institutional Equity Crop Broken Down By P/E Multiples
In Q2, the Low P/E Tier was the best performing subset, up 5.8%. In 2012, the Middle Tier led with a gain of 19.7%, versus +16.2% for the High Tier and +12.2% for the Low Tier.
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