ChAssetTurnover · Sales growth · Soliman (2008)

Change in Asset Turnover

Long minus short quintile portfolio, value-weighted, market-adjusted. Quarterly, 1953Q3 to 2024Q4.

Expected return · posterior mean, % per quarter

Next quarter

0.41%

95% interval −0.16% to 0.96%

Next year

0.43%

95% interval −0.13% to 0.96%

Next five years

0.49%

95% interval −0.07% to 0.98%

Next quarter

0.61%

95% interval 0.38% to 0.85%

Next year

0.61%

95% interval 0.38% to 0.85%

Next five years

0.60%

95% interval 0.35% to 0.85%

Next quarter

0.60%

95% interval −0.16% to 1.33%

Next year

0.62%

95% interval −0.14% to 1.34%

Next five years

0.70%

95% interval −0.09% to 1.42%

Next quarter

0.65%

95% interval 0.33% to 0.96%

Next year

0.65%

95% interval 0.33% to 0.96%

Next five years

0.66%

95% interval 0.33% to 0.98%

Cumulative market-adjusted return

+310% since 1953Q3 · log scale

Window	Mean	Vol.	Sharpe	t
1953Q3–2024Q4	2.32%	8.25%	0.28	2.37
2020Q1–2024Q4	−3.87%	9.42%	−0.41	−0.92
2024Q1–2024Q4	1.94%	12.17%	0.16	0.16
1953Q3–2024Q4	2.65%	4.25%	0.62	5.27
2020Q1–2024Q4	3.31%	6.64%	0.50	1.12
2024Q1–2024Q4	3.32%	3.86%	0.86	0.86
1953Q3–2024Q4	3.32%	11.74%	0.28	2.39
2020Q1–2024Q4	−0.97%	14.53%	−0.07	−0.15
2024Q1–2024Q4	−2.82%	5.73%	−0.49	−0.49
1953Q3–2024Q4	2.97%	5.29%	0.56	4.74
2020Q1–2024Q4	1.72%	7.53%	0.23	0.51
2024Q1–2024Q4	−1.58%	7.86%	−0.20	−0.20

Horizon	Mean	95% interval	P(neg)
Next quarter	0.100	−0.038 – 0.234	0.08
Next year	0.105	−0.032 – 0.233	0.06
Next five years	0.118	−0.016 – 0.239	0.04
Next quarter	0.289	0.178 – 0.403	0.00
Next year	0.287	0.176 – 0.403	0.00
Next five years	0.283	0.165 – 0.404	0.00
Next quarter	0.102	−0.027 – 0.227	0.06
Next year	0.106	−0.023 – 0.229	0.05
Next five years	0.118	−0.015 – 0.241	0.04
Next quarter	0.244	0.126 – 0.363	0.00
Next year	0.246	0.125 – 0.364	0.00
Next five years	0.250	0.124 – 0.370	0.00