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500 stocks trade at 17.5 times earnings compared with a ratio of 18.6 a year ago, even after a rally of 15percentt in the last 12 months.
Downgrades outnumbered upgrades by 5.39 to 1 in the quarter, compared with a ratio of 5.48 to 1 for all of 2001.
Vinci's stock trades at 4.5 times projected 2002 cash flow, compared with a ratio of 8.3 for its peers, he added.
It trades around 14 times next year's projected earnings of $1.88 to $1.90 a share, compared with a ratio of 17.5 for its peers.
Chinese residential investment is around 8% of GDP, compared with a ratio of 5.8% for Japan in the 1980s.
"Many solid companies are selling at seven or eight times their projected 12-month earnings," he explained, compared with a ratio of about 25 for the Standard & Poor's 500.
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His current turnover ratio, 25 percent, equates to an average holding period of four years and compares with a ratio of 85 percent for the average domestic stock fund followed by Morningstar.
New data from the study by Todo and co-workers supports these findings where the presence of para-aortic nodal metastasis has the most impact on prognosis (hazard ratio of 3.07 compared with a hazard ratio of 1.81 for age over 56 years and a hazard ratio of 1.87 for Grade 3 or non-endometriod histology) [8].
Each 1 mmol/L lower value of total BC was associated with a hazard ratio of 0.44 at ages 40 49 years compared with a hazard ratio of only 0.83 at the ages of 70 89 years (42).
Landman and colleagues have reported that patients with diabetes evidencing poor glycemic control (HbA1C > 9%) exhibited a hazard ratio of 2.21 for total mortality, compared with a hazard ratio of 1.0 among the control group with normal glycemic control levels (HbA1C < 6.5%).
In China there are 118 boys for every 100 girls born, compared with a natural ratio of 105 to 100.
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