What is the difference between ROE (return on equity) and 1year return and how to understand them in relation to each other?
For example, on Bloomberg website I've opened info for
BLY (Boart Longyear)
where ROE is 84
1 year return is (-75).
What these 2 pieces of information are telling us about the performance of the company and how to understand them in relation to each other?
Thanks for any plain English answer because I am a newbie, sorry !
Thanks in advance