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But Prudential's managers looking for value stocks will now focus on what Mr. Hobbs calls "relative value".
Now, Simone D'Amico, an assistant professor of aeronautics and astronautics at Stanford, wants to increase the usefulness of these small satellites by developing what he calls relative navigation technologies.
He starts by screening the pool for what he calls relative value, which takes into account the company's price-to-earnings multiple, his target P/E and consensus earnings estimates.
Open image in new window Fig. 6 Cytotoxicities of various concentrations and incubation times of ADMNPs, DMNPs and MNPs measured by viabilities of a fibroblast cells and b SKBR3 calls relative to non-toxic control.
The 21-day moving average of the CBOE equity put/call ratio continued its decline last week, indicating that the trend is toward trading more calls relative to puts.
The trend in the ratio's one-month moving average, which is often seen as a market timing indicator, is once again pointed lower, indicating that investors are increasing the number of traded calls relative to puts.
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An improved measurement method, called "relative displacement measurement," was suggested.
The paths that we have shown you are more properly called relative paths.
The dielectric constant is sometimes called relative permittivity or specific inductive capacity.
In bucket No. 2, called "relative safety," are slightly more risky choices — bonds, for example.
But the resulting inundation -- what geologists call relative sea level rise -- will be different on the West, East and Gulf Coasts.
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