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Flaherty & Crumrine Pref&Inc Allocation (Flaherty & Crumrine Pref&Inc Allocation) GF Value Rank : 0 (As of Jun. 05, 2024)


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What is Flaherty & Crumrine Pref&Inc Allocation GF Value Rank?

Flaherty & Crumrine Pref&Inc Allocation has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Flaherty & Crumrine Pref&Inc Allocation (Flaherty & Crumrine Pref&Inc Allocation) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flaherty & Crumrine Pref&Inc Allocation (NYSE:DFP) » Definitions » GF Value Rank
Comparable Companies
KMF MCI FFA AVK VKI PPT LEO ETO BRW GCMG BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101
Website
https://www.preferredincome.com
Flaherty & Crumrine Pref&Inc Allocation is a diversified, closed-end management investment company. Its investment objective is to seek total return, with an emphasis on high current income.
Executives
Bradford S Stone officer: CFO and Treasurer, other: Affiliate of Inv. Adviser 47 MAPLE ST. SUITE 403, SUMMIT NJ 07901
Robert E Chadwick officer: CFO, VP & Treasurer 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert F Wulf director 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Chad Conwell officer: CCO, VP and Secretary 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Robert M Ettinger officer: President 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Morgan Gust director C/O COBIZ FINANCIAL INC., 821 SEVENTEENTH STREET, DENVER CO 80202
Donald F Crumrine director, officer: Chief Executive Officer 301 E COLORADO BLVD STE 720, PASADENA CA 91101
David Gale director 220 MONTGOMERY STREET, SUITE 426, SAN FRANCISCO CA 94104
Karen Hanovice Hogan director 301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Laurie C Lodolo officer: Asst-CompOfficer/Treas/Sec 301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
Flaherty & Crumrine Inc other: Investment Adviser 301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101
Robert T. Flaherty other: Affiliated person Inv. Adviser 301 EAST COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101

Flaherty & Crumrine Pref&Inc Allocation (Flaherty & Crumrine Pref&Inc Allocation) Headlines