Objective, Predictive, Actionable.
Gauge duration patterns.
Ponder decreasing marginal returns.
Detect growth boundaries.
- Act. Duration
- Est. Duration
- σ = 1
- Rel. divergence
- σ = -1
Consider market context.
Identify valuation divergences.
Weigh statistical relevance.
Put returns in a probabilistic perspective.
Compare records with indexed datasets.
Integrate with valuation and duration info.
- Exp. excess return (% p.a.) over statistical average for secondary investment at NAV