COUNTRy INVESTMENT Guide
Past Valuations
Country Value and Growth Factors May 31, 2024
| Country | 2024 Real GDP Projected Annual Growth Rate % | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % May 31 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -2.8 | 0.85 | 25.60 | -1.95 | -13.128 | 1.49 | Bullish | May 26 2024 | MSCI Argentina | 38.89% |
| Australia | 1.5 | 3.94 | 18.82 | 5.44 | 3.460 | 2.33 | Bullish | Jul 9, 2023 | MSCI Australia USD | 0.45% |
| Austria | 0.4 | 5.78 | 7.03 | 6.18 | 1.138 | 0.97 | Bearish | Feb 4 2024 | MSCI Austria | 11.65% |
| Belgium | 1.3 | 2.30 | 21.66 | 3.60 | 6.017 | 1.6 | Bullish | Mar 13, 2022 | MSCI Belgium | 6.21% |
| Brazil | 2.2 | 7.54 | 8.27 | 9.74 | 0.849 | 1.43 | Bearish | Jan 14, 2024 | MSCI Brazil Net USD | -15.59% |
| Canada | 1.2 | 3.06 | 17.36 | 4.26 | 4.075 | 2 | Bullish | Mar 26, 2023 | MSCI Canada Net USD | 3.85% |
| Chile | 2.0 | 3.98 | 12.19 | 5.98 | 2.038 | 1.18 | Bearish | May 26, 2024 | MSCI Chile Net USD | -0.33% |
| China | 4.6 | 2.62 | 12.82 | 7.22 | 1.776 | 1.28 | Bearish | May 19, 2024 | MSCI China Net USD | 6.76% |
| Colombia | 1.1 | 8.66 | 6.13 | 9.76 | 0.628 | 1 | Bullish | Apr 28, 2024 | MSCI Colombia | 14.61% |
| Czech Republic | 0.7 | 13.32 | 11.98 | 14.02 | 0.854 | 1.62 | Bullish | July 23, 2023 | MSCI Czech Republic Net USD | 0.92% |
| Denmark | 2.1 | 1.20 | 34.54 | 3.30 | 10.467 | 7.33 | Bullish | Jan 28, 2024 | MSCI Denmark | 21.37% |
| Egypt | 3.0 | 2.19 | 7.09 | 5.19 | 1.366 | 2.34 | Bullish | Apr 21, 2024 | MSCI Egypt | 1.40% |
| Finland | 0.4 | 5.02 | 13.67 | 5.42 | 2.522 | 1.81 | Bullish | Oct 29, 2022 | MSCI Finland | 1.10% |
| France | 0.7 | 2.91 | 16.65 | 3.61 | 4.612 | 2.03 | Bullish | Jan 1, 2023 | MSCI France | 6.07% |
| Germany | 0.2 | 3.09 | 14.34 | 3.29 | 4.359 | 1.5 | Bullish | Mar 26, 2023 | MSCI Germany | 6.99% |
| Greece | 2.0 | 2.44 | 6.95 | 4.44 | 1.565 | 1.01 | Bullish | Nov 12, 2023 | MSCI Greece | 7.51% |
| Hong Kong SAR | 2.9 | 4.27 | 15.66 | 7.17 | 2.184 | 0.9 | Bearish | May 19, 2024 | MSCI Hong Kong | -6.48% |
| Hungary | 2.2 | 4.57 | 4.66 | 6.77 | 0.688 | 0.87 | Bullish | Nov 26, 2023 | MSCI Hungary | 6.09% |
| India | 6.8 | 1.05 | 25.37 | 7.85 | 3.232 | 3.99 | Bullish | July 23, 2023 | MSCI India Net USD | 9.17% |
| Indonesia | 5.0 | 5.25 | 15.09 | 10.25 | 1.472 | 2.14 | Bearish | May 26, 2024 | MSCI Indonesia USD | -12.58% |
| Ireland | 1.5 | 3.00 | 11.28 | 4.50 | 2.507 | 1.61 | Bullish | Jan 14, 2024 | MSCI Ireland | 24.45% |
| Israel | 1.6 | 1.79 | 12.68 | 3.39 | 3.740 | 1.91 | Bullish | Feb 18, 2024 | MSCI Israel | 5.78% |
| Italy | 0.7 | 4.91 | 9.09 | 5.61 | 1.620 | 1.39 | Bullish | Mar 26, 2023 | MSCI Italy | 13.46% |
| Japan | 0.9 | 2.01 | 16.51 | 2.91 | 5.674 | 1.55 | Bullish | Nov 6, 2022 | MSCI Japan USD | 7.03% |
| Korea, South | 2.3 | 2.06 | 17.07 | 4.36 | 3.915 | 1.05 | Bearish | Apr 14, 2024 | MSCI Korea USD | -7.68% |
| Malaysia | 4.4 | 3.71 | 19.05 | 8.11 | 2.349 | 1.45 | Bullish | Nov 6, 2022 | MSCI Malaysia USD | 7.71% |
| Mexico | 2.4 | 3.31 | 15.52 | 5.71 | 2.718 | 2.1 | Bearish | Apr 14, 2023 | MSCI Mexico USD | -5.65% |
| Netherlands | 0.6 | 1.81 | 23.40 | 2.41 | 9.710 | 3.43 | Bullish | Jan 14, 2023 | MSCI Netherlands | 18.49% |
| New Zealand | 1.0 | 2.58 | 45.48 | 3.58 | 12.704 | 2.91 | Bullish | Oct 29, 2023 | MSCI New Zealand | 3.46% |
| Norway | 1.5 | 5.92 | 12.56 | 7.42 | 1.693 | 1.77 | Bullish | Oct 8, 2023 | MSCI Norway | 1.04% |
| Pakistan | 2.0 | 9.53 | 4.11 | 11.53 | 0.356 | 0.97 | Bullish | Feb 18, 2024 | MSCI Pakistan Net USD | 17.64% |
| Peru | 2.5 | 3.89 | 17.77 | 6.39 | 2.781 | 2.29 | Bullish | Nov 12, 2023 | MSCI Peru | 23.55% |
| Philippines | 6.2 | 2.60 | 12.43 | 8.80 | 1.413 | 1.63 | Bullish | Jan 8, 2023 | MSCI Philippines USD | -3.35% |
| Poland | 3.1 | 4.16 | 9.35 | 7.26 | 1.288 | 1.29 | Bullish | Oct 8, 2023 | MSCI Poland USD | 8.23% |
| Portugal | 1.7 | 3.57 | 19.76 | 5.27 | 3.750 | 1.9 | Bearish | Jan 14, 2024 | MSCI Portugal | -4.39% |
| Qatar | 2.0 | 5.08 | 10.48 | 7.08 | 1.480 | 1.39 | Bullish | Dec 17, 2023 | MSCI Qatar | -15.85% |
| Singapore | 2.1 | 4.55 | 13.56 | 6.65 | 2.039 | 1.45 | Bullish | Apr 21, 2024 | MSCI Singapore | 8.38% |
| South Africa | 0.9 | 3.70 | 13.18 | 4.60 | 2.865 | 1.58 | Bearish | May 26, 2024 | MSCI South Africa USD | -4.27% |
| Spain | 1.9 | 4.23 | 10.14 | 6.13 | 1.654 | 1.39 | Bullish | Mar 26, 2023 | MSCI Spain | 10.92% |
| Sweden | 0.2 | 2.87 | 14.36 | 3.07 | 4.678 | 2.33 | Bullish | Nov 12, 2023 | MSCI Sweden | 8.41% |
| Switzerland | 1.3 | 3.00 | 18.21 | 4.30 | 4.235 | 3.73 | Bullish | May 5, 2024 | MSCI Switzerland | 6.69% |
| Taiwan | 3.1 | 2.55 | 22.81 | 5.65 | 4.037 | 2.78 | Bearish | Apr 14, 2024 | MSCI Taiwan USD | 15.67% |
| Thailand | 2.7 | 3.09 | 18.99 | 5.79 | 3.280 | 1.63 | Bearish | Apr 14, 2024 | MSCI Thailand USD | -10.82% |
| Turkey | 3.1 | 2.50 | 7.16 | 5.60 | 1.279 | 1.61 | Bullish | Jan 7, 2024 | MSCI Turkey | 46.20% |
| United Arab Emirates | 3.5 | 6.00 | 8.35 | 9.50 | 0.879 | 1.33 | Bullish | Oct 29, 2023 | MSCI UAE Gross USD | -11.50% |
| United Kingdom | 0.5 | 3.70 | 12.38 | 4.20 | 2.948 | 1.9 | Bearish | Mar 12, 2023 | MSCI UK | 6.86% |
| United States | 2.7 | 1.38 | 25.79 | 4.08 | 6.321 | 4.76 | Bullish | Oct 29, 2023 | MSCI USA USD | 11.00% |
| Vietnam | 5.8 | 1.17 | 20.75 | 6.97 | 2.977 | 1.75 | Bearish | Apr 14, 2024 | MSCI Vietnam | -1.25% |
| Economic Risk | Socioeconomic Risk | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Population Growth Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 40 | -4 | 289 | -5 | 5.7 | -1 | 1 | -1 | -2 | 35 | -2 |
| Australia | 4.35 | -1 | 3.6 | -1 | 4.1 | -1 | 1 | 30 | -1 | ||
| Austria | 4.25 | -1 | 3.3 | -1 | 6.4 | -1 | -1 | 23 | 0 | ||
| Belgium | 4.25 | -1 | 3.36 | -1 | 5.5 | -1 | 0 | 25 | 0 | ||
| Brazil | 10.5 | -3 | 3.69 | -1 | 7.5 | -2 | 0 | -1 | -3 | 34 | -2 |
| Canada | 4.75 | -1 | 2.7 | -1 | 6.2 | -1 | 0 | 1 | 26.5 | -1 | |
| Chile | 6 | -1 | 4.1 | -2 | 8.5 | -2 | 0 | -1 | 27 | -1 | |
| China | 3.45 | -1 | 0.3 | 0 | 5 | -1 | -1 | -2 | 25 | 0 | |
| Colombia | 11.75 | -3 | 7.16 | -2 | 10.6 | -2 | 0 | -1 | -2 | 35 | -2 |
| Czech Republic | 5.25 | -1 | 2.9 | -1 | 3.6 | -1 | -1 | -1 | 21 | 0 | |
| Denmark | 3.35 | -1 | 2.2 | -1 | 2.5 | 0 | 0 | 2 | 22 | 0 | |
| Egypt | 27.25 | -4 | 28.1 | -4 | 6.7 | -1 | 2 | -3 | 22.5 | 0 | |
| Finland | 4.25 | -1 | 1.9 | 0 | 9.2 | -2 | -1 | 2 | 20 | 0 | |
| France | 4.25 | -1 | 2.2 | -1 | 7.5 | -2 | -1 | 25 | 0 | ||
| Germany | 4.25 | -1 | 2.4 | -1 | 5.9 | -1 | -2 | 1 | 30 | -1 | |
| Greece | 4.25 | -1 | 2.4 | -1 | 10.8 | -2 | -2 | -1 | 22 | 0 | |
| Hong Kong | 5.75 | -1 | 1.1 | 0 | 3 | -1 | -1 | 1 | 16.5 | 0 | |
| Hungary | 7.25 | -2 | 4 | -1 | 4.5 | -1 | -2 | 9 | 2 | ||
| India | 6.5 | -2 | 4.83 | -2 | 7.64 | -2 | 0 | -2 | 34.94 | -2 | |
| Indonesia | 6.25 | -2 | 2.84 | -1 | 4.82 | -1 | 0 | -3 | 22 | 0 | |
| Ireland | 4.25 | -1 | 2.6 | -1 | 4 | -1 | 1 | 1 | 12.5 | 1 | |
| Israel | 4.5 | -1 | 2.8 | -1 | 3.4 | -1 | 2 | 23 | 0 | ||
| Italy | 4.25 | -1 | 0.8 | 0 | 6.9 | -1 | -2 | -1 | 24 | 0 | |
| Japan | 0.1 | 1 | 2.5 | -1 | 2.6 | 0 | -2 | 30.62 | -2 | ||
| Korea, South | 3.5 | -1 | 2.7 | -1 | 2.8 | 0 | -1 | 24 | 0 | ||
| Malaysia | 3 | -1 | 1.8 | 0 | 3.3 | -1 | 1 | -1 | -1 | 24 | 0 |
| Mexico | 11 | -3 | 4.69 | -2 | 2.6 | 0 | 0 | -1 | -3 | 30 | -1 |
| Netherlands | 4.25 | -1 | 2.7 | -1 | 3.7 | -1 | 0 | 1 | 25.8 | -1 | |
| New Zealand | 5.5 | -1 | 4 | -1 | 4 | -1 | 1 | 1 | 28 | -1 | |
| Norway | 4.5 | -1 | 3 | -1 | 4.3 | -1 | 0 | 1 | 22 | 0 | |
| Pakistan | 20.5 | -4 | 11.8 | -3 | 6.4 | -1 | 2 | -4 | 29 | -1 | |
| Peru | 5.75 | -1 | 2 | 0 | 6.4 | -1 | 0 | -1 | 29.5 | -1 | |
| Philippines | 6.5 | -2 | 3.9 | -1 | 4 | -1 | 2 | -1 | -3 | 25 | 0 |
| Poland | 5.75 | -1 | 2.5 | -1 | 5.1 | -1 | -2 | -1 | 19 | 0 | |
| Portugal | 4.25 | -1 | 3.1 | -1 | 6.3 | -1 | -2 | 21 | 0 | ||
| Qatar | 6.25 | -2 | 0.71 | 0 | 0.1 | -1 | 1 | 10 | 1 | ||
| Singapore | 3.42 | -1 | 2.7 | -1 | 2.1 | 0 | 1 | 1 | 17 | 0 | |
| South Africa | 8.25 | -2 | 5.2 | -2 | 32.9 | -5 | 1 | -1 | -2 | 27 | -1 |
| Spain | 4.25 | -1 | 3.6 | -1 | 12.29 | -2 | -1 | 25 | 0 | ||
| Sweden | 3.75 | -1 | 3.9 | -1 | 8.9 | -2 | 0 | 1 | 20.6 | 0 | |
| Switzerland | 1.5 | 0 | 1.4 | 0 | 2.3 | 0 | 0 | 1 | 14.6 | 1 | |
| Taiwan | 2 | 0 | 2.24 | -1 | 3.39 | -1 | -1 | 20 | 0 | ||
| Thailand | 2.5 | 0 | 1.54 | 0 | 1.01 | 0 | -1 | -3 | 20 | 0 | |
| Turkey | 50 | -5 | 75.45 | -5 | 8.5 | -2 | 0 | -1 | -3 | 25 | 0 |
| United Arab Emirates | 5.4 | -1 | 3.36 | -1 | 2.95 | 0 | 0 | 9 | 2 | ||
| United Kingdom | 5.25 | -1 | 2.3 | -1 | 4.4 | -1 | 0 | 25 | 0 | ||
| United States | 5.5 | -1 | 3.4 | -1 | 4 | -1 | 0 | 21 | 0 | ||
| Vietnam | 4.5 | -1 | 4.44 | -2 | 2.26 | 0 | 1 | -2 | 20 | 0 | |
| Sovereign Risk | Political Risk | Conflict Risk | Extraordinary Event Risks | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Average Credit Ratings | Average Credit Ratings Score | Government Debt as % of GDP | Debt Score | Political Stability | Government Friendly to Business | Trade Dispute Cases on WTO/Trade Wars | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.12 | Territorial Disputes/ Wars | Internal Conflict/ Terrorism | Natural Disasters, Banking Crisis, Political Crisis, etc | Total Score | % Modifier |
| Argentina | 12 | -4 | 85.2 | -2 | 1 | -1 | -1 | -1 | -21 | 70.00% | |||
| Australia | 100 | 2 | 22.3 | 1 | 2 | -1 | -1 | 0 | 0 | -1 | 0.00% | ||
| Austria | 96 | 1 | 77.8 | -1 | 1 | -3 | 0 | 0 | -8 | 30.00% | |||
| Belgium | 87 | 0 | 105 | -2 | 1 | -3 | 0 | -1 | -8 | 30.00% | |||
| Brazil | 45 | -2 | 72.87 | -1 | 2 | -2 | -1 | 0 | -1 | -16 | 60.00% | ||
| Canada | 100 | 2 | 107 | -2 | 1 | 1 | -2 | -1 | 0 | 0 | -4 | 10.00% | |
| Chile | 73 | -1 | 38 | 0 | 1 | -1 | 0 | -8 | 30.00% | ||||
| China | 78 | -1 | 77.1 | -1 | 2 | -1 | -3 | -1 | -1 | 0 | -13 | 50.00% | |
| Colombia | 55 | -1 | 63.6 | -1 | 2 | -1 | -1 | -15 | 50.00% | ||||
| Czech Republic | 85 | 0 | 44 | 0 | 1 | -3 | 0 | 0 | -8 | 30.00% | |||
| Denmark | 100 | 2 | 29.8 | 0 | 1 | -3 | 0 | -1 | 0 | 0.00% | |||
| Egypt | 23 | -4 | 95.8 | -2 | 2 | -1 | -1 | -16 | 60.00% | ||||
| Finland | 75.8 | -1 | 73.5 | -1 | 1 | 0 | 0 | -2 | 0.00% | ||||
| France | 91 | 0 | 111 | -3 | 1 | -3 | 0 | -1 | -11 | 40.00% | |||
| Germany | 100 | 2 | 63.6 | -1 | 1 | -3 | 0 | -1 | -7 | 30.00% | |||
| Greece | 51 | -2 | 162 | -4 | 2 | 1 | -3 | -1 | -1 | -15 | 50.00% | ||
| Hong Kong | 88 | 0 | 0 | 2 | -1 | 0 | -1 | -1 | 0.00% | ||||
| Hungary | 60 | -1 | 73.5 | -1 | 2 | -3 | 0 | 0 | -7 | 30.00% | |||
| India | 56 | -1 | 86.54 | -2 | 1 | -1 | -1 | -1 | -13 | 50.00% | |||
| Indonesia | 60 | -1 | 39.9 | 0 | 1 | -1 | -1 | -1 | -1 | -10 | 40.00% | ||
| Ireland | 83 | 0 | 43.7 | 0 | 1 | -3 | -1 | 0 | -1 | -5 | 20.00% | ||
| Israel | 80 | -1 | 60.7 | -1 | 1 | -3 | -2 | -6 | 20.00% | ||||
| Italy | 62 | -1 | 137 | -4 | 1 | -3 | 0 | -1 | -13 | 50.00% | |||
| Japan | 77 | -1 | 264 | -5 | 2 | -1 | -1 | -1 | -13 | 50.00% | |||
| Korea, South | 86 | 0 | 49.6 | 0 | 1 | -1 | -1 | -1 | 0 | -7 | 30.00% | ||
| Malaysia | 68 | -1 | 60.4 | -1 | 1 | -1 | -1 | -6 | 20.00% | ||||
| Mexico | 60 | -1 | 49.4 | 0 | 2 | -1 | -1 | 0 | 0 | -11 | 40.00% | ||
| Netherlands | 98 | 1 | 46.8 | 0 | 1 | -3 | 0 | 0 | -4 | 10.00% | |||
| New Zealand | 95 | 1 | 35.9 | 0 | 1 | -1 | 0 | 0 | -2 | 0.00% | |||
| Norway | 100 | 2 | 44.3 | 0 | 1 | 0 | 0 | 0 | 0.00% | ||||
| Pakistan | 18 | -4 | 91 | -2 | 1 | -1 | -1 | -18 | 60.00% | ||||
| Peru | 61 | -1 | 33.8 | 0 | 1 | -1 | 0 | -1 | -7 | 30.00% | |||
| Philippines | 61 | -1 | 60.9 | -1 | 1 | -1 | -1 | -9 | 30.00% | ||||
| Poland | 71 | -1 | 49.6 | 0 | 2 | -3 | 0 | 0 | -8 | 30.00% | |||
| Portugal | 70 | -1 | 99.1 | -2 | 2 | -3 | 0 | 0 | -10 | 40.00% | |||
| Qatar | 88 | 0 | 46.9 | 0 | 2 | 0 | 0 | 0 | 0.00% | ||||
| Singapore | 100 | 2 | 168 | -4 | 2 | 1 | -1 | -1 | -1 | 0.00% | |||
| South Africa | 41 | -2 | 72.2 | -1 | 2 | 0 | 0 | -13 | 50.00% | ||||
| Spain | 71 | -1 | 108 | -2 | 1 | -3 | -1 | -1 | -13 | 50.00% | |||
| Sweden | 100 | 2 | 32.2 | 0 | 1 | -3 | 0 | 0 | -4 | 10.00% | |||
| Switzerland | 100 | 2 | 38.3 | 0 | 2 | 0 | 0 | 6 | -15.00% | ||||
| Taiwan | 90 | 0 | 29.7 | 0 | 1 | -1 | 0 | -1 | -3 | 10.00% | |||
| Thailand | 65 | -1 | 60.96 | -1 | 1 | -1 | -1 | -1 | -9 | 30.00% | |||
| Turkey | 30 | -3 | 29.5 | 0 | 2 | -2 | -1 | -19 | 70.00% | ||||
| United Arab Emirates | 90 | 0 | 38.3 | 0 | 2 | -2 | -1 | -1 | 0.00% | ||||
| United Kingdom | 87 | 0 | 97.6 | -2 | 1 | -1 | -1 | -6 | 20.00% | ||||
| United States | 97 | 1 | 122 | -3 | 1 | -3 | 0 | -1 | -8 | 30.00% | |||
| Vietnam | 46 | -2 | 37.1 | 0 | 2 | -1 | 0 | -4 | 10.00% | ||||
Notes Southern Brazil suffered from flooding casusing a high death toll and mass evacuations;Taiwan earthquakes destroy infrastructure.
.
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % May 31 2024 |
|---|---|---|---|
| Hungary | 0.87 | Bullish | 6.09% |
| Hong Kong SAR | 0.9 | Bearish | -6.48% |
| Austria | 0.97 | Bearish | 11.65% |
| Pakistan | 0.97 | Bullish | 17.64% |
| Colombia | 1 | Bullish | 14.61% |
| Greece | 1.01 | Bullish | 7.51% |
| Korea, South | 1.05 | Bearish | -7.68% |
| Chile | 1.18 | Bearish | -0.33% |
| China | 1.28 | Bearish | 6.76% |
| Poland | 1.29 | Bullish | 8.23% |
| United Arab Emirates | 1.33 | Bullish | -11.50% |
| Italy | 1.39 | Bullish | 13.46% |
| Qatar | 1.39 | Bullish | -15.85% |
| Spain | 1.39 | Bullish | 10.92% |
| Brazil | 1.43 | Bearish | -15.59% |
| Malaysia | 1.45 | Bullish | 7.71% |
| Singapore | 1.45 | Bullish | 8.38% |
| Argentina | 1.49 | Bullish | 38.89% |
| Germany | 1.5 | Bullish | 6.99% |
| Japan | 1.55 | Bullish | 7.03% |
| South Africa | 1.58 | Bearish | -4.27% |
| Belgium | 1.6 | Bullish | 6.21% |
| Ireland | 1.61 | Bullish | 24.45% |
| Turkey | 1.61 | Bullish | 46.20% |
| Czechia | 1.62 | Bullish | 0.92% |
| Philippines | 1.63 | Bullish | -3.35% |
| Thailand | 1.63 | Bearish | -10.82% |
| Vietnam | 1.75 | Bearish | -1.25% |
| Norway | 1.77 | Bullish | 1.04% |
| Finland | 1.81 | Bullish | 1.10% |
| Portugal | 1.9 | Bearish | -4.39% |
| United Kingdom | 1.9 | Bearish | 6.86% |
| Israel | 1.91 | Bullish | 5.78% |
| Canada | 2 | Bullish | 3.85% |
| France | 2.03 | Bullish | 6.07% |
| Mexico | 2.1 | Bearish | -5.65% |
| Indonesia | 2.14 | Bearish | -12.58% |
| Peru | 2.29 | Bullish | 23.55% |
| Australia | 2.33 | Bullish | 0.45% |
| Sweden | 2.33 | Bullish | 8.41% |
| Egypt | 2.34 | Bullish | 1.40% |
| Taiwan | 2.78 | Bearish | 15.67% |
| New Zealand | 2.91 | Bullish | 3.46% |
| Netherlands | 3.43 | Bullish | 18.49% |
| Switzerland | 3.73 | Bullish | 6.69% |
| India | 3.99 | Bullish | 9.17% |
| United States | 4.76 | Bullish | 11.00% |
| Denmark | 7.33 | Bullish | 21.37% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % May 31 2024 |
|---|---|---|---|
| Argentina | -13.13 | Bullish | 38.89% |
| Pakistan | 0.356 | Bullish | 17.64% |
| Colombia | 0.628 | Bullish | 14.61% |
| Hungary | 0.688 | Bullish | 6.09% |
| Brazil | 0.849 | Bearish | -15.59% |
| Czechia | 0.854 | Bullish | 0.92% |
| United Arab Emirates | 0.879 | Bullish | -11.50% |
| Austria | 1.138 | Bearish | 11.65% |
| Turkey | 1.279 | Bullish | 46.20% |
| Poland | 1.288 | Bullish | 8.23% |
| Egypt | 1.366 | Bullish | 1.40% |
| Philippines | 1.413 | Bullish | -3.35% |
| Indonesia | 1.472 | Bearish | -12.58% |
| Qatar | 1.480 | Bullish | -15.85% |
| Greece | 1.565 | Bullish | 7.51% |
| Italy | 1.620 | Bullish | 13.46% |
| Spain | 1.654 | Bullish | 10.92% |
| Norway | 1.693 | Bullish | 1.04% |
| China | 1.776 | Bearish | 6.76% |
| Chile | 2.038 | Bearish | -0.33% |
| Singapore | 2.039 | Bullish | 8.38% |
| Hong Kong SAR | 2.184 | Bearish | -6.48% |
| Malaysia | 2.349 | Bullish | 7.71% |
| Ireland | 2.507 | Bullish | 24.45% |
| Finland | 2.522 | Bullish | 1.10% |
| Mexico | 2.718 | Bearish | -5.65% |
| Peru | 2.781 | Bullish | 23.55% |
| South Africa | 2.865 | Bearish | -4.27% |
| United Kingdom | 2.948 | Bearish | 6.86% |
| Vietnam | 2.977 | Bearish | -1.25% |
| India | 3.232 | Bullish | 9.17% |
| Thailand | 3.280 | Bearish | -10.82% |
| Australia | 3.460 | Bullish | 0.45% |
| Israel | 3.740 | Bullish | 5.78% |
| Portugal | 3.750 | Bearish | -4.39% |
| Korea, South | 3.915 | Bearish | -7.68% |
| Taiwan | 4.037 | Bearish | 15.67% |
| Canada | 4.075 | Bullish | 3.85% |
| Switzerland | 4.235 | Bullish | 6.69% |
| Germany | 4.359 | Bullish | 6.99% |
| France | 4.612 | Bullish | 6.07% |
| Sweden | 4.678 | Bullish | 8.41% |
| Japan | 5.674 | Bullish | 7.03% |
| Belgium | 6.017 | Bullish | 6.21% |
| United States | 6.321 | Bullish | 11.00% |
| Netherlands | 9.710 | Bullish | 18.49% |
| Denmark | 10.467 | Bullish | 21.37% |
| New Zealand | 12.704 | Bullish | 3.46% |
| Country | PE/Total Return | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % May 31 2024 |
|---|---|---|---|---|---|---|---|
| Argentina | -13.13 | 70.00% | -9.19 | -22.32 | Bullish | May 26 2024 | 38.89% |
| Pakistan | 0.356 | 60.00% | 0.21 | 0.570 | Bullish | Feb 18, 2024 | 17.64% |
| Czechia | 0.879 | 0.00% | 0.00 | 0.879 | Bullish | Oct 29, 2023 | -11.50% |
| Colombia | 0.688 | 30.00% | 0.21 | 0.895 | Bullish | Nov 26, 2023 | 6.09% |
| Austria | 0.628 | 50.00% | 0.31 | 0.942 | Bullish | Apr 28, 2024 | 14.61% |
| United Arab Emirates | 0.854 | 30.00% | 0.26 | 1.111 | Bullish | July 23, 2023 | 0.92% |
| Hungary | 0.849 | 60.00% | 0.51 | 1.359 | Bearish | Jan 14, 2024 | -15.59% |
| Chile | 1.138 | 20.00% | 0.23 | 1.365 | Bearish | Feb 4 2024 | 11.65% |
| Brazil | 1.480 | -5.00% | -0.07 | 1.406 | Bullish | Dec 17, 2023 | -15.85% |
| Norway | 1.693 | -5.00% | -0.08 | 1.608 | Bullish | Oct 8, 2023 | 1.04% |
| Singapore | 1.288 | 30.00% | 0.39 | 1.674 | Bullish | Oct 8, 2023 | 8.23% |
| Qatar | 1.413 | 30.00% | 0.42 | 1.836 | Bullish | Jan 8, 2023 | -3.35% |
| Poland | 2.039 | 0.00% | 0.00 | 2.039 | Bullish | Apr 21, 2024 | 8.38% |
| Turkey | 1.472 | 40.00% | 0.59 | 2.061 | Bearish | May 26, 2024 | -12.58% |
| Finland | 1.279 | 70.00% | 0.90 | 2.174 | Bullish | Jan 7, 2024 | 46.20% |
| Spain | 2.184 | 0.00% | 0.00 | 2.184 | Bearish | May 19, 2024 | -6.48% |
| China | 1.366 | 60.00% | 0.82 | 2.186 | Bullish | Apr 21, 2024 | 1.40% |
| Indonesia | 1.654 | 40.00% | 0.66 | 2.316 | Bullish | Mar 26, 2023 | 10.92% |
| Philippines | 1.565 | 50.00% | 0.78 | 2.348 | Bullish | Nov 12, 2023 | 7.51% |
| Italy | 1.620 | 50.00% | 0.81 | 2.430 | Bullish | Mar 26, 2023 | 13.46% |
| Hong Kong SAR | 1.776 | 40.00% | 0.71 | 2.486 | Bearish | May 19, 2024 | 6.76% |
| Greece | 2.038 | 30.00% | 0.61 | 2.650 | Bearish | May 26, 2024 | -0.33% |
| Egypt | 2.507 | 10.00% | 0.25 | 2.757 | Bullish | Jan 14, 2024 | 24.45% |
| Ireland | 2.522 | 10.00% | 0.25 | 2.774 | Bullish | Oct 29, 2022 | 1.10% |
| Malaysia | 2.349 | 20.00% | 0.47 | 2.819 | Bullish | Nov 6, 2022 | 7.71% |
| Peru | 2.781 | 20.00% | 0.56 | 3.337 | Bullish | Nov 12, 2023 | 23.55% |
| Israel | 3.460 | 0.00% | 0.00 | 3.460 | Bullish | Jul 9, 2023 | 0.45% |
| Switzerland | 2.948 | 20.00% | 0.59 | 3.537 | Bearish | Mar 12, 2023 | 6.86% |
| United Kingdom | 2.977 | 20.00% | 0.60 | 3.572 | Bearish | Apr 14, 2024 | -1.25% |
| Mexico | 4.235 | -15.00% | -0.64 | 3.600 | Bullish | May 5, 2024 | 6.69% |
| Vietnam | 2.718 | 40.00% | 1.09 | 3.805 | Bearish | Apr 14, 2023 | -5.65% |
| Australia | 3.280 | 30.00% | 0.98 | 4.264 | Bearish | Apr 14, 2024 | -10.82% |
| South Africa | 2.865 | 50.00% | 1.43 | 4.298 | Bearish | May 26, 2024 | -4.27% |
| Thailand | 4.037 | 10.00% | 0.40 | 4.441 | Bearish | Apr 14, 2024 | 15.67% |
| Taiwan | 4.075 | 10.00% | 0.41 | 4.483 | Bullish | Mar 26, 2023 | 3.85% |
| Canada | 3.915 | 20.00% | 0.78 | 4.698 | Bearish | Apr 14, 2024 | -7.68% |
| Sweden | 3.232 | 50.00% | 1.62 | 4.848 | Bullish | July 23, 2023 | 9.17% |
| Portugal | 3.740 | 30.00% | 1.12 | 4.863 | Bullish | Feb 18, 2024 | 5.78% |
| India | 3.750 | 30.00% | 1.12 | 4.874 | Bearish | Jan 14, 2024 | -4.39% |
| Germany | 4.678 | 10.00% | 0.47 | 5.145 | Bullish | Nov 12, 2023 | 8.41% |
| France | 4.359 | 30.00% | 1.31 | 5.666 | Bullish | Mar 26, 2023 | 6.99% |
| Korea, South | 4.612 | 40.00% | 1.84 | 6.457 | Bullish | Jan 1, 2023 | 6.07% |
| Belgium | 6.017 | 30.00% | 1.81 | 7.822 | Bullish | Mar 13, 2022 | 6.21% |
| Japan | 5.674 | 40.00% | 2.27 | 7.943 | Bullish | Nov 6, 2022 | 7.03% |
| United States | 6.321 | 30.00% | 1.90 | 8.217 | Bullish | Oct 29, 2023 | 11.00% |
| Netherlands | 10.467 | 0.00% | 0.00 | 10.467 | Bullish | Jan 28, 2024 | 21.37% |
| New Zealand | 9.710 | 10.00% | 0.97 | 10.680 | Bullish | Jan 14, 2023 | 18.49% |
| Denmark | 12.704 | 0.00% | 0.00 | 12.704 | Bullish | Oct 29, 2023 | 3.46% |
Country Value and Growth Factors February 29, 2024
| Country | 2024 Real GDP Projected Annual Growth Rate % | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Feb 29 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -2.8 | 1.13 | 8.16 | -1.67 | -4.886 | 0.9 | Bullish | Feb 18 2024 | MSCI Argentina | 3.44% |
| Australia | 1.4 | 3.96 | 17.27 | 5.36 | 3.222 | 2.36 | Bullish | Jul 9, 2023 | MSCI Australia USD | -2.13% |
| Austria | 0.8 | 6.76 | 6.11 | 7.56 | 0.808 | 0.88 | Bearish | Feb 4 2024 | MSCI Austria | -4.47% |
| Belgium | 0.9 | 2.46 | 20.90 | 3.36 | 6.220 | 1.59 | Bullish | Mar 13, 2022 | MSCI Belgium | 0.77% |
| Brazil | 1.7 | 7.36 | 8.03 | 9.06 | 0.886 | 1.56 | Bearish | Jan 14, 2024 | MSCI Brazil Net USD | -5.66% |
| Canada | 1.1 | 3.15 | 16.34 | 4.25 | 3.845 | 1.95 | Bullish | Mar 26, 2023 | MSCI Canada Net USD | -0.13% |
| Chile | 1.6 | 6.65 | 8.39 | 8.25 | 1.017 | 1.3 | Bullish | Feb 25, 2024 | MSCI Chile Net USD | -6.10% |
| China | 4.6 | 2.87 | 11.53 | 7.47 | 1.544 | 1.19 | Bearish | Jan 14, 2024 | MSCI China Net USD | -3.11% |
| Colombia | 2.0 | 9.55 | 5.58 | 11.55 | 0.483 | 0.89 | Bullish | Oct 29, 2023 | MSCI Colombia | 3.65% |
| Czech Republic | 2.3 | 13.59 | 8.38 | 15.89 | 0.527 | 1.59 | Bullish | July 23, 2023 | MSCI Czech Republic Net USD | -7.22% |
| Denmark | 1.4 | 1.30 | 31.06 | 2.70 | 11.504 | 6.48 | Bullish | Jan 28, 2024 | MSCI Denmark | 11.04% |
| Egypt | 3.0 | 2.18 | 9.12 | 5.18 | 1.761 | 2.91 | Bullish | Aug 27, 2023 | MSCI Egypt | 1.05% |
| Finland | 1.0 | 5.15 | 13.26 | 6.15 | 2.156 | 1.69 | Bullish | Oct 29, 2022 | MSCI Finland | -3.04% |
| France | 1.0 | 2.87 | 17.14 | 3.87 | 4.429 | 2.05 | Bullish | Jan 1, 2023 | MSCI France | 4.92% |
| Germany | 0.5 | 3.09 | 14.99 | 3.59 | 4.175 | 1.51 | Bullish | Mar 26, 2023 | MSCI Germany | 5.08% |
| Greece | 2.0 | 2.54 | 7.77 | 4.54 | 1.711 | 1.12 | Bullish | Nov 12, 2023 | MSCI Greece | 10.08% |
| Hong Kong SAR | 2.9 | 4.21 | 17.81 | 7.11 | 2.505 | 0.88 | Bearish | Jan 14, 2024 | MSCI Hong Kong | -5.33% |
| Hungary | 3.1 | 2.86 | 5.52 | 5.96 | 0.926 | 0.98 | Bullish | Nov 26, 2023 | MSCI Hungary | 8.55% |
| India | 6.5 | 1.05 | 26.02 | 7.55 | 3.446 | 4.03 | Bullish | July 23, 2023 | MSCI India Net USD | 5.10% |
| Indonesia | 5.0 | 4.53 | 16.31 | 9.53 | 1.711 | 2.32 | Bullish | Jan 28, 2024 | MSCI Indonesia USD | 1.47% |
| Ireland | 3.3 | 1.85 | 12.22 | 5.15 | 2.373 | 1.53 | Bullish | Jan 14, 2024 | MSCI Ireland | 12.11% |
| Israel | 3.0 | 1.88 | 12.60 | 4.88 | 2.582 | 1.92 | Bullish | Oct 29, 2023 | MSCI Israel | 9.28% |
| Italy | 0.7 | 4.70 | 8.71 | 5.40 | 1.613 | 1.31 | Bullish | Mar 26, 2023 | MSCI Italy | 7.06% |
| Japan | 0.9 | 1.99 | 16.35 | 2.89 | 5.657 | 1.57 | Bullish | Nov 6, 2022 | MSCI Japan USD | 7.75% |
| Korea, South | 2.3 | 2.02 | 23.27 | 4.32 | 5.387 | 1.07 | Bullish | Jan 21, 2024 | MSCI Korea USD | -3.37% |
| Malaysia | 4.3 | 3.65 | 19.46 | 7.95 | 2.448 | 1.43 | Bullish | Nov 6, 2022 | MSCI Malaysia USD | 2.01% |
| Mexico | 3.4 | 3.26 | 15.11 | 6.66 | 2.269 | 2.14 | Bullish | Oct 29, 2023 | MSCI Mexico USD | -4.64% |
| Netherlands | 0.7 | 1.87 | 22.92 | 2.57 | 8.918 | 3.23 | Bullish | Jan 1, 2023 | MSCI Netherlands | 13.65% |
| New Zealand | 1.0 | 2.57 | 38.89 | 3.57 | 10.894 | 2.79 | Bullish | Oct 29, 2023 | MSCI New Zealand | 0.93% |
| Norway | 1.5 | 5.70 | 11.87 | 7.20 | 1.649 | 1.66 | Bullish | Oct 8, 2023 | MSCI Norway | -5.92% |
| Pakistan | 2.0 | 8.97 | 4.14 | 10.97 | 0.377 | 0.79 | Bullish | Feb 18, 2024 | MSCI Pakistan Net USD | 0.73% |
| Peru | 2.7 | 3.63 | 14.66 | 6.33 | 2.316 | 2.02 | Bullish | Nov 12, 2023 | MSCI Peru | 6.21% |
| Philippines | 6.0 | 2.31 | 15.39 | 8.31 | 1.852 | 1.88 | Bullish | Jan 8, 2023 | MSCI Philippines USD | 6.51% |
| Poland | 2.8 | 3.25 | 9.20 | 6.05 | 1.521 | 1.27 | Bullish | Oct 8, 2023 | MSCI Poland USD | 2.85% |
| Portugal | 1.5 | 3.80 | 18.11 | 5.30 | 3.417 | 1.81 | Bearish | Jan 14, 2024 | MSCI Portugal | -12.54% |
| Qatar | 2.2 | 4.44 | 12.09 | 6.64 | 1.821 | 1.53 | Bullish | Dec 17, 2023 | MSCI Qatar | -4.10% |
| Singapore | 2.1 | 4.77 | 12.32 | 6.87 | 1.793 | 1.3 | Bearish | Aug 13, 2022 | MSCI Singapore | -1.95% |
| South Africa | 1.0 | 3.95 | 10.88 | 4.95 | 2.198 | 1.5 | Bullish | Jan 21, 2024 | MSCI South Africa USD | -11.02% |
| Spain | 1.5 | 4.55 | 9.24 | 6.05 | 1.527 | 1.25 | Bullish | Mar 26, 2023 | MSCI Spain | -1.73% |
| Sweden | 0.6 | 2.84 | 14.34 | 3.44 | 4.169 | 2.31 | Bullish | Nov 12, 2023 | MSCI Sweden | 3.43% |
| Switzerland | 1.8 | 3.02 | 17.71 | 4.82 | 3.674 | 3.51 | Bearish | Oct 15, 2023 | MSCI Switzerland | 1.84% |
| Taiwan | 3.0 | 3.00 | 20.79 | 6.00 | 3.465 | 2.54 | Bullish | Nov 12, 2023 | MSCI Taiwan USD | 4.21% |
| Thailand | 4.4 | 3.01 | 19.47 | 7.41 | 2.628 | 1.66 | Bullish | Nov 12, 2023 | MSCI Thailand USD | -7.32% |
| Turkey | 3.1 | 1.97 | 6.11 | 5.07 | 1.205 | 1.89 | Bearish | Jan 7, 2024 | MSCI Turkey | 18.45% |
| United Arab Emirates | 4 | 4.87 | 9.53 | 8.87 | 1.074 | 1.45 | Bullish | Oct 29, 2023 | MSCI UAE Gross USD | -1.70% |
| United Kingdom | 0.6 | 4.00 | 12.14 | 4.60 | 2.639 | 1.79 | Bearish | Mar 12, 2023 | MSCI UK | -0.97% |
| United States | 2.1 | 1.38 | 26.01 | 3.48 | 7.474 | 4.73 | Bullish | Oct 29, 2023 | MSCI USA USD | 7.46% |
| Vietnam | 5.8 | 1.40 | 20.83 | 7.20 | 2.893 | 1.69 | Bullish | Nov 5, 2023 | MSCI Vietnam | 3.57% |
| Economic Risk | Socioeconomic Risk | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Population Growth Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 100 | -5 | 254 | -5 | 5.7 | -1 | 1 | -1 | -2 | 25 | 0 |
| Australia | 4.35 | -1 | 4.1 | -2 | 4.1 | -1 | 1 | 30 | -1 | ||
| Austria | 4.5 | -1 | 4.3 | -2 | 7.6 | -2 | -1 | 23 | 0 | ||
| Belgium | 4.5 | -1 | 3.2 | -1 | 5.5 | -1 | 0 | 25 | 0 | ||
| Brazil | 11.25 | -2 | 4.51 | -2 | 7.6 | -2 | 0 | -1 | -3 | 34 | -2 |
| Canada | 5 | -1 | 2.9 | -1 | 5.7 | -1 | 0 | 1 | 26.5 | -1 | |
| Chile | 7.25 | -2 | 3.8 | -1 | 8.44 | -2 | 0 | -1 | 27 | -1 | |
| China | 3.45 | -1 | -0.8 | -2 | 5.2 | -1 | -1 | -2 | 25 | 0 | |
| Colombia | 12.75 | -3 | 7.74 | -2 | 12.66 | -2 | 0 | -1 | -2 | 35 | -2 |
| Czech Republic | 6.25 | -2 | 2.3 | -1 | 4 | -1 | -1 | -1 | 21 | 0 | |
| Denmark | 3.6 | -1 | 1.2 | 0 | 2.5 | 0 | 0 | 2 | 22 | 0 | |
| Egypt | 27.25 | -4 | 29.8 | -4 | 6.9 | -1 | 2 | -3 | 22.5 | 0 | |
| Finland | 4.5 | -1 | 3.3 | -1 | 8.3 | -2 | -1 | 2 | 20 | 0 | |
| France | 4.5 | -1 | 2.9 | -1 | 7.5 | -2 | -1 | 25 | 0 | ||
| Germany | 4.5 | -1 | 2.5 | -1 | 5.9 | -1 | -2 | 1 | 30 | -1 | |
| Greece | 4.5 | -1 | 2.9 | -1 | 10.4 | -2 | -2 | -1 | 22 | 0 | |
| Hong Kong | 5.75 | -1 | 1.7 | 0 | 2.9 | 0 | -1 | 1 | 16.5 | 0 | |
| Hungary | 9 | -2 | 3.7 | -1 | 4.6 | -1 | -2 | 9 | 2 | ||
| India | 6.5 | -2 | 5.1 | -2 | 6.78 | -1 | 0 | -2 | 34.94 | -2 | |
| Indonesia | 6 | -1 | 2.75 | -1 | 5.32 | -1 | 0 | -3 | 22 | 0 | |
| Ireland | 4.5 | -1 | 4.1 | -2 | 4.2 | -1 | 1 | 1 | 12.5 | 1 | |
| Israel | 4.5 | -1 | 2.6 | -1 | 3.2 | -1 | 2 | 23 | 0 | ||
| Italy | 4.5 | -1 | 0.75 | 0 | 7.2 | -1 | -2 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | 2.2 | -1 | 2.4 | 0 | -2 | 30.62 | -2 | ||
| Korea, South | 3.5 | -1 | 3.1 | -1 | 3 | -1 | -1 | 27.5 | -1 | ||
| Malaysia | 3 | -1 | 1.5 | 0 | 3.3 | -1 | 1 | -1 | -1 | 24 | 0 |
| Mexico | 11.25 | -2 | 4.4 | -2 | 4.4 | -1 | 0 | -1 | -3 | 30 | -1 |
| Netherlands | 4.5 | -1 | 2.8 | -1 | 3.6 | -1 | 0 | 1 | 25.8 | -1 | |
| New Zealand | 5.5 | -1 | 5.6 | -2 | 3.9 | -1 | 1 | 1 | 28 | -1 | |
| Norway | 4.5 | -1 | 4.7 | -2 | 4.5 | -1 | 0 | 1 | 22 | 0 | |
| Pakistan | 22 | -3 | 23.1 | -4 | 6.3 | -1 | 2 | -4 | 29 | -1 | |
| Peru | 6.25 | -2 | 3.3 | -1 | 7.2 | -1 | 0 | -1 | 29.5 | -1 | |
| Philippines | 6.5 | -2 | 3.4 | -1 | 4.5 | -1 | 2 | -1 | -3 | 25 | 0 |
| Poland | 5.75 | -1 | 3.9 | -1 | 5.4 | -1 | -2 | -1 | 19 | 0 | |
| Portugal | 4.5 | -1 | 2.1 | -1 | 6.6 | -1 | -2 | 21 | 0 | ||
| Qatar | 6.25 | -2 | 2.99 | -1 | 0.1 | -1 | 1 | 10 | 1 | ||
| Singapore | 3.63 | -1 | 2.9 | -1 | 2 | 0 | 1 | 1 | 17 | 0 | |
| South Africa | 8.25 | -2 | 5.3 | -2 | 32.1 | -5 | 1 | -1 | -2 | 27 | -1 |
| Spain | 4.5 | -1 | 2.8 | -1 | 11.76 | -2 | -1 | 25 | 0 | ||
| Sweden | 4 | -1 | 5.4 | -2 | 8.5 | -2 | 0 | 1 | 20.6 | 0 | |
| Switzerland | 1.75 | 0 | 1.2 | 0 | 2.4 | 0 | 0 | 1 | 14.6 | 1 | |
| Taiwan | 1.88 | 0 | 3.08 | -1 | 3.39 | -1 | -1 | 20 | 0 | ||
| Thailand | 2.5 | 0 | -0.77 | -2 | 0.81 | 1 | -1 | -3 | 20 | 0 | |
| Turkey | 45 | -4 | 67.07 | -5 | 8.8 | -2 | 0 | -1 | -3 | 25 | 0 |
| United Arab Emirates | 5.4 | -1 | 3.6 | -1 | 2.95 | 0 | 0 | 9 | 2 | ||
| United Kingdom | 5.25 | -1 | 4 | -1 | 3.8 | -1 | 0 | 25 | 0 | ||
| United States | 5.5 | -1 | 3.1 | -1 | 3.9 | -1 | 0 | 21 | 0 | ||
| Vietnam | 4.5 | -1 | 3.98 | -1 | 2.26 | 0 | 1 | -2 | 20 | 0 | |
| Sovereign Risk | Political Risk | Conflict Risk | Extraordinary Event Risks | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Average Credit Ratings | Average Credit Ratings Score | Government Debt as % of GDP | Debt Score | Political Stability | Government Friendly to Business | Trade Dispute Cases on WTO/Trade Wars | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.12 | Territorial Disputes/ Wars | Internal Conflict/ Terrorism | Natural Disasters, Banking Crisis, Political Crisis, etc | Total Score | % Modifier |
| Argentina | 12 | -4 | 85 | -2 | 1 | -1 | -1 | -1 | -21 | 70.00% | |||
| Australia | 100 | 2 | 22.3 | 1 | 2 | -1 | -1 | 0 | 0 | -1 | 0.00% | ||
| Austria | 96 | 1 | 78.4 | -1 | 1 | -3 | 0 | 0 | -8 | 30.00% | |||
| Belgium | 87 | 0 | 104 | -2 | 1 | -3 | 0 | -1 | -8 | 30.00% | |||
| Brazil | 43 | -2 | 72.87 | -1 | 2 | -2 | -1 | 0 | -16 | 60.00% | |||
| Canada | 100 | 2 | 107 | -2 | 1 | 1 | -2 | -1 | 0 | 0 | -4 | 10.00% | |
| Chile | 73 | -1 | 38 | 0 | 1 | -1 | 0 | -8 | 30.00% | ||||
| China | 78 | -1 | 77.1 | -1 | 2 | -1 | -3 | -1 | -1 | 0 | -13 | 50.00% | |
| Colombia | 55 | -1 | 63.6 | -1 | 1 | -1 | -1 | -15 | 50.00% | ||||
| Czech Republic | 85 | 0 | 44.2 | 0 | 1 | -3 | 0 | 0 | -8 | 30.00% | |||
| Denmark | 100 | 2 | 29.8 | 0 | 1 | -3 | 0 | -1 | 0 | 0.00% | |||
| Egypt | 23 | -4 | 87.2 | -2 | 2 | -1 | -1 | -16 | 60.00% | ||||
| Finland | 96 | 1 | 73.3 | -1 | 1 | 0 | 0 | -2 | 0.00% | ||||
| France | 92 | 0 | 112 | -3 | 1 | -3 | 0 | -1 | -11 | 40.00% | |||
| Germany | 100 | 2 | 66.1 | -1 | 1 | -3 | 0 | -1 | -7 | 30.00% | |||
| Greece | 50 | -2 | 160 | -4 | 2 | 1 | -3 | -1 | -1 | -15 | 50.00% | ||
| Hong Kong | 88 | 0 | 0 | 2 | -1 | 0 | -1 | -1 | 0.00% | ||||
| Hungary | 60 | -1 | 73.9 | -1 | 2 | -3 | 0 | 0 | -7 | 30.00% | |||
| India | 56 | -1 | 86.54 | -2 | 2 | -1 | -1 | -1 | -13 | 50.00% | |||
| Indonesia | 60 | -1 | 39.9 | 0 | 1 | -1 | -1 | -1 | -1 | -10 | 40.00% | ||
| Ireland | 83 | 0 | 44.4 | 0 | 1 | -3 | -1 | 0 | -1 | -5 | 20.00% | ||
| Israel | 81 | 0 | 60.7 | -1 | 1 | -3 | -2 | -6 | 20.00% | ||||
| Italy | 62 | -1 | 137 | -4 | 1 | -3 | 0 | -1 | -13 | 50.00% | |||
| Japan | 77 | -1 | 264 | -5 | 2 | -1 | -1 | -1 | -13 | 50.00% | |||
| Korea, South | 86 | 0 | 49.6 | 0 | 1 | -1 | -1 | -1 | 0 | -7 | 30.00% | ||
| Malaysia | 68 | -1 | 60.4 | -1 | 1 | -1 | -1 | -6 | 20.00% | ||||
| Mexico | 60 | -1 | 49.4 | 0 | 2 | -1 | -1 | 0 | 0 | -11 | 40.00% | ||
| Netherlands | 98 | 1 | 46.8 | 0 | 1 | -3 | 0 | 0 | -4 | 10.00% | |||
| New Zealand | 95 | 1 | 35.9 | 0 | 1 | -1 | 0 | 0 | -2 | 0.00% | |||
| Norway | 100 | 2 | 37.4 | 0 | 1 | 0 | 0 | 0 | 0.00% | ||||
| Pakistan | 18 | -4 | 91 | -2 | 1 | -1 | -1 | -18 | 60.00% | ||||
| Peru | 61 | -1 | 33.8 | 0 | 2 | -1 | 0 | -1 | -7 | 30.00% | |||
| Philippines | 61 | -1 | 60.9 | -1 | 1 | -1 | -1 | -9 | 30.00% | ||||
| Poland | 71 | -1 | 49.3 | 0 | 2 | -3 | 0 | 0 | -8 | 30.00% | |||
| Portugal | 70 | -1 | 112 | -3 | 2 | -3 | 0 | 0 | -10 | 40.00% | |||
| Qatar | 86 | 0 | 46.9 | 0 | 2 | 0 | 0 | 0 | 0.00% | ||||
| Singapore | 100 | 2 | 168 | -4 | 2 | 1 | -1 | -1 | -1 | 0.00% | |||
| South Africa | 41 | -2 | 72.2 | -1 | 2 | 0 | 0 | -13 | 50.00% | ||||
| Spain | 71 | -1 | 112 | -3 | 1 | -3 | -1 | -1 | -13 | 50.00% | |||
| Sweden | 100 | 2 | 32.9 | 0 | 1 | -3 | 0 | 0 | -4 | 10.00% | |||
| Switzerland | 100 | 2 | 41.4 | 0 | 2 | 0 | 0 | 6 | -15.00% | ||||
| Taiwan | 90 | 0 | 29.7 | 0 | 1 | -1 | 0 | -3 | 10.00% | ||||
| Thailand | 65 | -1 | 60.96 | -1 | 1 | -1 | -1 | -1 | -9 | 30.00% | |||
| Turkey | 28 | -3 | 31.7 | 0 | 2 | -2 | -1 | -19 | 70.00% | ||||
| United Arab Emirates | 90 | 0 | 38.3 | 0 | 2 | -2 | -1 | -1 | 0.00% | ||||
| United Kingdom | 87 | 0 | 97.1 | -2 | 1 | -1 | -1 | -6 | 20.00% | ||||
| United States | 97 | 1 | 129 | -3 | 1 | -3 | 0 | -1 | -8 | 30.00% | |||
| Vietnam | 46 | -2 | 37.1 | 0 | 2 | -1 | 0 | -4 | 10.00% | ||||
Notes
No Natural disasters having a major affect this month
.
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Feb 29 2024 |
|---|---|---|---|
| Pakistan | 0.79 | Bullish | 0.73% |
| Austria | 0.88 | Bearish | -4.47% |
| Hong Kong SAR | 0.88 | Bearish | -5.33% |
| Colombia | 0.89 | Bullish | 3.65% |
| Argentina | 0.9 | Bullish | 3.44% |
| Hungary | 0.98 | Bullish | 8.55% |
| Korea, South | 1.07 | Bullish | -3.37% |
| Greece | 1.12 | Bullish | 10.08% |
| China | 1.19 | Bearish | -3.11% |
| Spain | 1.25 | Bullish | -1.73% |
| Poland | 1.27 | Bullish | 2.85% |
| Chile | 1.3 | Bullish | -6.10% |
| Singapore | 1.3 | Bearish | -1.95% |
| Italy | 1.31 | Bullish | 7.06% |
| Malaysia | 1.43 | Bullish | 2.01% |
| United Arab Emirates | 1.45 | Bullish | -1.70% |
| South Africa | 1.5 | Bullish | -11.02% |
| Germany | 1.51 | Bullish | 5.08% |
| Ireland | 1.53 | Bullish | 12.11% |
| Qatar | 1.53 | Bullish | -4.10% |
| Brazil | 1.56 | Bearish | -5.66% |
| Japan | 1.57 | Bullish | 7.75% |
| Belgium | 1.59 | Bullish | 0.77% |
| Czechia | 1.59 | Bullish | -7.22% |
| Norway | 1.66 | Bullish | -5.92% |
| Thailand | 1.66 | Bullish | -7.32% |
| Finland | 1.69 | Bullish | -3.04% |
| Vietnam | 1.69 | Bullish | 3.57% |
| United Kingdom | 1.79 | Bearish | -0.97% |
| Portugal | 1.81 | Bearish | -12.54% |
| Philippines | 1.88 | Bullish | 6.51% |
| Turkey | 1.89 | Bearish | 18.45% |
| Israel | 1.92 | Bullish | 9.28% |
| Canada | 1.95 | Bullish | -0.13% |
| Peru | 2.02 | Bullish | 6.21% |
| France | 2.05 | Bullish | 4.92% |
| Mexico | 2.14 | Bullish | -4.64% |
| Sweden | 2.31 | Bullish | 3.43% |
| Indonesia | 2.32 | Bullish | 1.47% |
| Australia | 2.36 | Bullish | -2.13% |
| Taiwan | 2.54 | Bullish | 4.21% |
| New Zealand | 2.79 | Bullish | 0.93% |
| Egypt | 2.91 | Bullish | 1.05% |
| Netherlands | 3.23 | Bullish | 13.65% |
| Switzerland | 3.51 | Bearish | 1.84% |
| India | 4.03 | Bullish | 5.10% |
| United States | 4.73 | Bullish | 7.46% |
| Denmark | 6.48 | Bullish | 11.04% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Feb 29 2024 |
|---|---|---|---|
| Argentina | -4.89 | Bullish | 3.44% |
| Pakistan | 0.377 | Bullish | 0.73% |
| Colombia | 0.483 | Bullish | 3.65% |
| Czechia | 0.527 | Bullish | -7.22% |
| Austria | 0.808 | Bearish | -4.47% |
| Brazil | 0.886 | Bearish | -5.66% |
| Hungary | 0.926 | Bullish | 8.55% |
| Chile | 1.017 | Bullish | -6.10% |
| United Arab Emirates | 1.074 | Bullish | -1.70% |
| Turkey | 1.205 | Bearish | 18.45% |
| Poland | 1.521 | Bullish | 2.85% |
| Spain | 1.527 | Bullish | -1.73% |
| China | 1.544 | Bearish | -3.11% |
| Italy | 1.613 | Bullish | 7.06% |
| Norway | 1.649 | Bullish | -5.92% |
| Indonesia | 1.711 | Bullish | 1.47% |
| Greece | 1.711 | Bullish | 10.08% |
| Egypt | 1.761 | Bullish | 1.05% |
| Singapore | 1.793 | Bearish | -1.95% |
| Qatar | 1.821 | Bullish | -4.10% |
| Philippines | 1.852 | Bullish | 6.51% |
| Finland | 2.156 | Bullish | -3.04% |
| South Africa | 2.198 | Bullish | -11.02% |
| Mexico | 2.269 | Bullish | -4.64% |
| Peru | 2.316 | Bullish | 6.21% |
| Ireland | 2.373 | Bullish | 12.11% |
| Malaysia | 2.448 | Bullish | 2.01% |
| Hong Kong SAR | 2.505 | Bearish | -5.33% |
| Israel | 2.582 | Bullish | 9.28% |
| Thailand | 2.628 | Bullish | -7.32% |
| United Kingdom | 2.639 | Bearish | -0.97% |
| Vietnam | 2.893 | Bullish | 3.57% |
| Australia | 3.222 | Bullish | -2.13% |
| Portugal | 3.417 | Bearish | -12.54% |
| India | 3.446 | Bullish | 5.10% |
| Taiwan | 3.465 | Bullish | 4.21% |
| Switzerland | 3.674 | Bearish | 1.84% |
| Canada | 3.845 | Bullish | -0.13% |
| Sweden | 4.169 | Bullish | 3.43% |
| Germany | 4.175 | Bullish | 5.08% |
| France | 4.429 | Bullish | 4.92% |
| Korea, South | 5.387 | Bullish | -3.37% |
| Japan | 5.657 | Bullish | 7.75% |
| Belgium | 6.220 | Bullish | 0.77% |
| United States | 7.474 | Bullish | 7.46% |
| Netherlands | 8.918 | Bullish | 13.65% |
| New Zealand | 10.894 | Bullish | 0.93% |
| Denmark | 11.504 | Bullish | 11.04% |
| Country | PE/Total Return | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % Feb 29 2024 |
|---|---|---|---|---|---|---|---|
| Argentina | -4.89 | 70.00% | -3.42 | -8.31 | Bullish | Feb 18 2024 | 3.44% |
| Pakistan | 0.377 | 60.00% | 0.23 | 0.604 | Bullish | Feb 18, 2024 | 0.73% |
| Czechia | 0.527 | 30.00% | 0.16 | 0.686 | Bullish | July 23, 2023 | -7.22% |
| Colombia | 0.483 | 50.00% | 0.24 | 0.725 | Bullish | Oct 29, 2023 | 3.65% |
| Austria | 0.808 | 30.00% | 0.24 | 1.051 | Bearish | Feb 4 2024 | -4.47% |
| United Arab Emirates | 1.074 | 0.00% | 0.00 | 1.074 | Bullish | Oct 29, 2023 | -1.70% |
| Hungary | 0.926 | 30.00% | 0.28 | 1.204 | Bullish | Nov 26, 2023 | 8.55% |
| Chile | 1.017 | 30.00% | 0.31 | 1.322 | Bullish | Feb 25, 2024 | -6.10% |
| Brazil | 0.886 | 60.00% | 0.53 | 1.418 | Bearish | Jan 14, 2024 | -5.66% |
| Norway | 1.649 | 0.00% | 0.00 | 1.649 | Bullish | Oct 8, 2023 | -5.92% |
| Singapore | 1.793 | 0.00% | 0.00 | 1.793 | Bearish | Aug 13, 2022 | -1.95% |
| Qatar | 1.821 | 0.00% | 0.00 | 1.821 | Bullish | Dec 17, 2023 | -4.10% |
| Poland | 1.521 | 30.00% | 0.46 | 1.977 | Bullish | Oct 8, 2023 | 2.85% |
| Turkey | 1.205 | 70.00% | 0.84 | 2.049 | Bearish | Jan 7, 2024 | 18.45% |
| Finland | 2.156 | 0.00% | 0.00 | 2.156 | Bullish | Oct 29, 2022 | -3.04% |
| Spain | 1.527 | 50.00% | 0.76 | 2.291 | Bullish | Mar 26, 2023 | -1.73% |
| China | 1.544 | 50.00% | 0.77 | 2.315 | Bearish | Jan 14, 2024 | -3.11% |
| Indonesia | 1.711 | 40.00% | 0.68 | 2.396 | Bullish | Jan 28, 2024 | 1.47% |
| Philippines | 1.852 | 30.00% | 0.56 | 2.408 | Bullish | Jan 8, 2023 | 6.51% |
| Italy | 1.613 | 50.00% | 0.81 | 2.419 | Bullish | Mar 26, 2023 | 7.06% |
| Hong Kong SAR | 2.505 | 0.00% | 0.00 | 2.505 | Bearish | Jan 14, 2024 | -5.33% |
| Greece | 1.711 | 50.00% | 0.86 | 2.567 | Bullish | Nov 12, 2023 | 10.08% |
| Egypt | 1.761 | 60.00% | 1.06 | 2.817 | Bullish | Aug 27, 2023 | 1.05% |
| Ireland | 2.373 | 20.00% | 0.47 | 2.847 | Bullish | Jan 14, 2024 | 12.11% |
| Malaysia | 2.448 | 20.00% | 0.49 | 2.937 | Bullish | Nov 6, 2022 | 2.01% |
| Peru | 2.316 | 30.00% | 0.69 | 3.011 | Bullish | Nov 12, 2023 | 6.21% |
| Israel | 2.582 | 20.00% | 0.52 | 3.098 | Bullish | Oct 29, 2023 | 9.28% |
| Switzerland | 3.674 | -15.00% | -0.55 | 3.123 | Bearish | Oct 15, 2023 | 1.84% |
| United Kingdom | 2.639 | 20.00% | 0.53 | 3.167 | Bearish | Mar 12, 2023 | -0.97% |
| Mexico | 2.269 | 40.00% | 0.91 | 3.176 | Bullish | Oct 29, 2023 | -4.64% |
| Vietnam | 2.893 | 10.00% | 0.29 | 3.182 | Bullish | Nov 5, 2023 | 3.57% |
| Australia | 3.222 | 0.00% | 0.00 | 3.222 | Bullish | Jul 9, 2023 | -2.13% |
| South Africa | 2.198 | 50.00% | 1.10 | 3.297 | Bullish | Jan 21, 2024 | -11.02% |
| Thailand | 2.628 | 30.00% | 0.79 | 3.416 | Bullish | Nov 12, 2023 | -7.32% |
| Taiwan | 3.465 | 10.00% | 0.35 | 3.812 | Bullish | Nov 12, 2023 | 4.21% |
| Canada | 3.845 | 10.00% | 0.38 | 4.229 | Bullish | Mar 26, 2023 | -0.13% |
| Sweden | 4.169 | 10.00% | 0.42 | 4.585 | Bullish | Nov 12, 2023 | 3.43% |
| Portugal | 3.417 | 40.00% | 1.37 | 4.784 | Bearish | Jan 14, 2024 | -12.54% |
| India | 3.446 | 50.00% | 1.72 | 5.170 | Bullish | July 23, 2023 | 5.10% |
| Germany | 4.175 | 30.00% | 1.25 | 5.428 | Bullish | Mar 26, 2023 | 5.08% |
| France | 4.429 | 40.00% | 1.77 | 6.201 | Bullish | Jan 1, 2023 | 4.92% |
| Korea, South | 5.387 | 30.00% | 1.62 | 7.003 | Bullish | Jan 21, 2024 | -3.37% |
| Belgium | 6.220 | 30.00% | 1.87 | 8.086 | Bullish | Mar 13, 2022 | 0.77% |
| Japan | 5.657 | 50.00% | 2.83 | 8.486 | Bullish | Nov 6, 2022 | 7.75% |
| United States | 7.474 | 30.00% | 2.24 | 9.716 | Bullish | Oct 29, 2023 | 7.46% |
| Netherlands | 8.918 | 10.00% | 0.89 | 9.810 | Bullish | Jan 1, 2023 | 13.65% |
| New Zealand | 10.894 | 0.00% | 0.00 | 10.894 | Bullish | Oct 29, 2023 | 0.93% |
| Denmark | 11.504 | 0.00% | 0.00 | 11.504 | Bullish | Jan 28, 2024 | 11.04% |
Country Value and Growth Factors November 30, 2023
| Country | 2023 Real GDP Projected Annual Growth Rate % | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Nov 30 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -4.9 | 0.91 | 7.61 | -3.99 | -1.907 | 0.84 | Bullish | Nov 12 2023 | MSCI Argentina | 62.41% |
| Australia | 2.1 | 4.47 | 15.29 | 6.57 | 2.327 | 2.12 | Bullish | Jul 9, 2023 | MSCI Australia USD | 3.82% |
| Austria | -1.8 | 6.12 | 6.32 | 4.32 | 1.463 | 0.92 | Bullish | Jul 25 2023 | MSCI Austria | 7.40% |
| Belgium | 1.4 | 2.46 | 19.34 | 3.86 | 5.010 | 1.52 | Bullish | Mar 13, 2022 | MSCI Belgium | -2.14% |
| Brazil | 2.0 | 7.14 | 7.67 | 9.14 | 0.839 | 1.56 | Bullish | Oct 8, 2023 | MSCI Brazil Net USD | 27.48% |
| Canada | 0.5 | 3.26 | 15.29 | 3.73 | 4.099 | 1.83 | Bullish | Mar 26, 2023 | MSCI Canada Net USD | 8.41% |
| Chile | 0.6 | 9.66 | 7.88 | 10.26 | 0.768 | 1.13 | Bullish | Nov 12, 2023 | MSCI Chile Net USD | 1.15% |
| China | 4.9 | 2.17 | 15.47 | 7.07 | 2.188 | 1.54 | Bearish | Aug 13, 2022 | MSCI China Net USD | -10.85% |
| Colombia | -0.3 | 10.31 | 5.02 | 10.01 | 0.501 | 0.8 | Bullish | Oct 29, 2023 | MSCI Colombia | -6.16% |
| Czech Republic | -0.7 | 12.72 | 8.78 | 12.02 | 0.730 | 1.74 | Bullish | July 23, 2023 | MSCI Czech Republic Net USD | 19.85% |
| Denmark | 0.3 | 1.66 | 27.58 | 1.96 | 14.071 | 5.65 | Bearish | Oct 15, 2023 | MSCI Denmark | 21.20% |
| Egypt | 3.9 | 2.19 | 10.25 | 6.09 | 1.683 | 3.09 | Bullish | Aug 27, 2023 | MSCI Egypt | 75.19% |
| Finland | -1.2 | 4.22 | 8.06 | 3.02 | 2.669 | 1.9 | Bullish | Oct 29, 2022 | MSCI Finland | -15.50% |
| France | 0.6 | 2.83 | 16.76 | 3.43 | 4.886 | 1.87 | Bullish | Jan 1, 2023 | MSCI France | 9.16% |
| Germany | -0.4 | 3.36 | 14.47 | 2.96 | 4.889 | 1.4 | Bullish | Mar 26, 2023 | MSCI Germany | 10.91% |
| Greece | 2.1 | 2.83 | 7.33 | 4.93 | 1.487 | 1.04 | Bullish | Nov 12, 2023 | MSCI Greece | 39.17% |
| Hong Kong SAR | 4.1 | 4.17 | 17.92 | 8.27 | 2.167 | 0.89 | Bearish | Aug 13, 2022 | MSCI Hong Kong | -23.02% |
| Hungary | -0.4 | 3.28 | 4.82 | 2.88 | 1.674 | 0.86 | Bullish | Apr 2, 2023 | MSCI Hungary | 28.02% |
| India | 7.6 | 1.19 | 23.34 | 8.79 | 2.655 | 3.58 | Bullish | July 23, 2023 | MSCI India Net USD | 11.27% |
| Indonesia | 4.9 | 4.80 | 15.18 | 9.74 | 1.559 | 2.16 | Bearish | Oct 15, 2023 | MSCI Indonesia USD | 3.30% |
| Ireland | -5.8 | 1.28 | 16.06 | -4.52 | -3.553 | 1.64 | Bullish | Oct 29, 2023 | MSCI Ireland | 9.60% |
| Israel | 2.8 | 2.17 | 12.22 | 4.97 | 2.459 | 1.72 | Bullish | Oct 29, 2023 | MSCI Israel | 2.06% |
| Italy | 0.1 | 4.92 | 8.09 | 5.06 | 1.599 | 1.24 | Bullish | Mar 26, 2023 | MSCI Italy | 22.53% |
| Japan | 1.6 | 2.22 | 16.00 | 3.82 | 4.188 | 1.39 | Bullish | Nov 6, 2022 | MSCI Japan USD | 16.69% |
| Korea, South | 1.4 | 2.07 | 17.78 | 3.47 | 5.124 | 1.05 | Bullish | Oct 29, 2023 | MSCI Korea USD | 15.65% |
| Malaysia | 3.3 | 3.95 | 18.00 | 7.25 | 2.483 | 1.35 | Bullish | Nov 6, 2022 | MSCI Malaysia USD | -3.64% |
| Mexico | 3.3 | 3.47 | 14.82 | 6.77 | 2.189 | 1.96 | Bullish | Oct 29, 2023 | MSCI Mexico USD | 27.21% |
| Netherlands | -0.6 | 2.06 | 20.32 | 1.46 | 13.918 | 2.78 | Bullish | Jan 1, 2023 | MSCI Netherlands | 10.93% |
| New Zealand | 1.8 | 2.68 | 37.38 | 4.48 | 8.344 | 2.72 | Bullish | Oct 29, 2023 | MSCI New Zealand | -0.99% |
| Norway | -1.9 | 5.56 | 9.98 | 3.66 | 2.727 | 1.79 | Bullish | Oct 8, 2023 | MSCI Norway | 3.76% |
| Pakistan | 6.0 | 10.60 | 3.82 | 16.56 | 0.231 | 0.87 | Bullish | Oct 1, 2023 | MSCI Pakistan Net USD | 23.43% |
| Peru | -1.0 | 4.85 | 10.80 | 3.85 | 2.805 | 1.57 | Bullish | Nov 12, 2023 | MSCI Peru | 2.57% |
| Philippines | 4.3 | 2.47 | 13.62 | 6.77 | 2.012 | 1.67 | Bullish | Jan 8, 2023 | MSCI Philippines USD | -8.76% |
| Poland | 0.5 | 3.09 | 8.79 | 3.59 | 2.448 | 1.16 | Bullish | Oct 8, 2023 | MSCI Poland USD | 37.57% |
| Portugal | 1.9 | 3.41 | 19.80 | 5.31 | 3.729 | 2.02 | Bullish | Oct 29, 2023 | MSCI Portugal | -3.06% |
| Qatar | 1.0 | 4.60 | 11.91 | 5.60 | 2.127 | 1.5 | Bullish | Nov 23, 2022 | MSCI Qatar | -9.24% |
| Singapore | 1.1 | 4.79 | 12.26 | 5.89 | 2.081 | 1.27 | Bearish | Aug 13, 2022 | MSCI Singapore | -6.74% |
| South Africa | -0.7 | 3.97 | 12.49 | 3.27 | 3.820 | 1.54 | Bullish | Nov 12, 2023 | MSCI South Africa USD | -4.68% |
| Spain | 1.8 | 4.10 | 9.66 | 5.90 | 1.637 | 1.28 | Bullish | Mar 26, 2023 | MSCI Spain | 21.36% |
| Sweden | -1.4 | 3.27 | 12.54 | 1.87 | 6.706 | 2 | Bullish | Nov 12, 2023 | MSCI Sweden | 6.74% |
| Switzerland | 0.3 | 3.15 | 17.02 | 3.45 | 4.933 | 3.39 | Bearish | Oct 15, 2023 | MSCI Switzerland | -1.43% |
| Taiwan | 2.3 | 3.39 | 18.32 | 5.71 | 3.208 | 2.32 | Bullish | Nov 12, 2023 | MSCI Taiwan USD | 23.62% |
| Thailand | 1.5 | 2.82 | 20.08 | 4.32 | 4.648 | 1.64 | Bullish | Nov 12, 2023 | MSCI Thailand USD | -16.48% |
| Turkey | 5.9 | 2.83 | 6.10 | 8.73 | 0.699 | 1.83 | Bearish | Oct 15, 2023 | MSCI Turkey | 46.82% |
| United Arab Emirates | 3.8 | 3.67 | 9.03 | 7.47 | 1.209 | 1.5 | Bullish | Oct 29, 2023 | MSCI UAE Gross USD | -4.52% |
| United Kingdom | 0.6 | 3.78 | 11.25 | 4.38 | 2.568 | 1.69 | Bearish | Mar 12, 2023 | MSCI UK | -1.72% |
| United States | 3 | 1.50 | 23.91 | 4.50 | 5.313 | 4.32 | Bullish | Oct 29, 2023 | MSCI USA USD | 20.10% |
| Vietnam | 5.3 | 1.85 | 22.37 | 7.18 | 3.116 | 1.69 | Bullish | Nov 12, 2023 | MSCI Vietnam | -2.11% |
| Economic Risk | Socioeconomic Risk | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Population Growth Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 133 | -5 | 143 | -5 | 6.2 | -1 | 1 | -1 | -2 | 25 | 0 |
| Australia | 4.35 | -1 | 5.4 | -2 | 3.7 | -1 | -1 | 30 | -1 | ||
| Austria | 4.5 | -1 | 5.4 | -2 | 6.5 | -1 | 0 | 24 | 0 | ||
| Belgium | 4.5 | -1 | 0.76 | 0 | 5.6 | -1 | 0 | 25 | 0 | ||
| Brazil | 12.25 | -3 | 4.82 | -2 | 7.6 | -1 | 0 | -1 | -2 | 34 | -2 |
| Canada | 5 | -1 | 3.1 | -1 | 5.8 | -1 | 0 | 26.5 | -1 | ||
| Chile | 9 | -2 | 4.8 | -2 | 8.89 | -2 | 1 | -1 | 27 | -1 | |
| China | 3.45 | -1 | -0.5 | -2 | 5 | -1 | -1 | -1 | 25 | 0 | |
| Colombia | 13.25 | -3 | 10.15 | -3 | 9.23 | -2 | 1 | -1 | -2 | 35 | -2 |
| Czech Republic | 7 | -2 | 8.5 | -3 | 3.5 | -1 | -2 | -1 | -1 | 19 | 0 |
| Denmark | 3.6 | -1 | 0.1 | 0 | 2.5 | 0 | 0 | 2 | 22 | 0 | |
| Egypt | 19.25 | -3 | 35.8 | -5 | 7.1 | -1 | 2 | -3 | 22.5 | 0 | |
| Finland | 4.5 | -1 | 4.9 | -2 | 6.8 | -1 | -1 | 2 | 20 | 0 | |
| France | 4.5 | -1 | 3.4 | -1 | 7.4 | -1 | -1 | 25 | 0 | ||
| Germany | 4.5 | -1 | 3.2 | -1 | 5.9 | -1 | -1 | 1 | 30 | -1 | |
| Greece | 4.5 | -1 | 3 | -1 | 9.6 | -2 | -2 | -1 | 22 | 0 | |
| Hong Kong | 5.75 | -1 | 2.7 | -1 | 2.9 | 0 | -2 | 1 | 16.5 | 0 | |
| Hungary | 13 | -3 | 7.9 | -2 | 4.3 | -1 | -2 | -2 | 9 | 2 | |
| India | 6.5 | -2 | 4.87 | -2 | 7.1 | -1 | 1 | -2 | 34.94 | -2 | |
| Indonesia | 6 | -1 | 2.56 | -1 | 5.32 | -1 | 0 | -3 | 22 | 0 | |
| Ireland | 4.5 | -1 | 5.1 | -2 | 4.8 | -1 | 1 | 1 | 12.5 | 1 | |
| Israel | 4.75 | -1 | 3.7 | -1 | 3.1 | -1 | 2 | 23 | 0 | ||
| Italy | 4.5 | -1 | 0.76 | 0 | 7.8 | -1 | -2 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | 3.3 | -1 | 2.5 | 0 | -2 | 30.62 | -2 | ||
| Korea, South | 3.5 | -1 | 3.3 | -1 | 2.5 | 0 | -2 | 27.5 | -1 | ||
| Malaysia | 3 | -1 | 1.8 | 0 | 3.4 | -1 | 1 | -1 | -1 | 24 | 0 |
| Mexico | 11.25 | -2 | 4.32 | -2 | 2.7 | 0 | 0 | -1 | -3 | 30 | -1 |
| Netherlands | 4.5 | -1 | 1.6 | 0 | 3.6 | -1 | 0 | 1 | 25.8 | -1 | |
| New Zealand | 5.5 | -1 | 5.6 | -2 | 3.9 | -1 | 0 | 2 | 28 | -1 | |
| Norway | 4.25 | -1 | 4 | -1 | 3.6 | -1 | 0 | 1 | 22 | 0 | |
| Pakistan | 22 | -3 | 29.2 | -4 | 6.3 | -1 | 2 | -3 | 29 | -1 | |
| Peru | 7 | -2 | 3.64 | -1 | 6.6 | -1 | 1 | -1 | -3 | 29.5 | -1 |
| Philippines | 6.25 | -2 | 5.3 | -2 | 4.8 | -1 | 2 | -1 | -3 | 25 | 0 |
| Poland | 5.75 | -1 | 6.5 | -2 | 5 | -1 | -2 | -1 | 19 | 0 | |
| Portugal | 4.5 | -1 | 1.6 | 0 | 6.1 | -1 | -1 | 21 | 0 | ||
| Qatar | 6.25 | -2 | 2.52 | -1 | 0.1 | -1 | -2 | 10 | 1 | ||
| Singapore | 3.74 | -1 | 4.7 | -2 | 2 | 0 | -2 | 1 | 17 | 0 | |
| South Africa | 8.25 | -2 | 5.9 | -2 | 31.9 | -5 | 1 | -1 | -2 | 27 | -1 |
| Spain | 4.5 | -1 | 3.2 | -1 | 11.84 | -2 | -1 | 25 | 0 | ||
| Sweden | 4 | -1 | 6.5 | -2 | 7.4 | -1 | 0 | 1 | 20.6 | 0 | |
| Switzerland | 1.75 | 0 | 1.4 | 0 | 2.1 | 0 | 1 | 1 | 14.6 | 1 | |
| Taiwan | 1.88 | 0 | 2.9 | -1 | 3.41 | -1 | -1 | 20 | 0 | ||
| Thailand | 2.5 | 0 | -0.44 | -2 | 0.99 | 1 | -1 | -3 | 20 | 0 | |
| Turkey | 40 | -4 | 61.98 | -5 | 9.1 | -2 | 1 | -1 | -3 | 25 | 0 |
| United Arab Emirates | 5.4 | -1 | 3.81 | -1 | 2.75 | 0 | 2 | 9 | 2 | ||
| United Kingdom | 5.25 | -1 | 4.6 | -2 | 4.2 | -1 | 0 | 25 | 0 | ||
| United States | 5.5 | -1 | 3.2 | -1 | 3.24 | -1 | 0 | 21 | 0 | ||
| Vietnam | 4.5 | -1 | 3.45 | -1 | 2.3 | 0 | 1 | -2 | 20 | 0 | |
| Sovereign Risk | Political Risk | Conflict Risk | Extraordinary Event Risks | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Average Credit Ratings | Average Credit Ratings Score | Government Debt as % of GDP | Debt Score | Political Stability | Government Friendly to Business | Trade Dispute Cases on WTO/Trade Wars | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.12 | Territorial Disputes/ Wars | Internal Conflict/ Terrorism | Natural Disasters, Banking Crisis, Political Crisis, etc | Total Score | % Modifier |
| Argentina | 12 | -4 | 85 | -2 | 2 | -1 | -1 | -1 | -20 | 70.00% | |||
| Australia | 100 | 2 | 22.3 | 1 | 2 | -1 | -1 | 0 | 0 | -3 | 10.00% | ||
| Austria | 96 | 1 | 78.4 | -1 | 1 | -3 | 0 | 0 | -6 | 20.00% | |||
| Belgium | 87 | 0 | 104 | -2 | 1 | -3 | 0 | -1 | -7 | 30.00% | |||
| Brazil | 43 | -2 | 72.87 | -1 | 2 | -1 | -1 | 0 | -14 | 50.00% | |||
| Canada | 100 | 2 | 107 | -2 | 1 | 1 | -1 | -1 | 0 | 0 | -4 | 10.00% | |
| Chile | 73 | -1 | 38 | 0 | 1 | -1 | -1 | 0 | -9 | 30.00% | |||
| China | 78 | -1 | 77.1 | -1 | 2 | -1 | -2 | -1 | -1 | 0 | -11 | 40.00% | |
| Colombia | 55 | -1 | 63.6 | -1 | 1 | -1 | -1 | -15 | 50.00% | ||||
| Czech Republic | 85 | 0 | 44.2 | 0 | 1 | -3 | 0 | 0 | -12 | 40.00% | |||
| Denmark | 100 | 2 | 29.8 | 0 | 1 | -2 | 0 | -1 | 1 | -5.00% | |||
| Egypt | 25 | -3 | 87.2 | -2 | 2 | -1 | -1 | -15 | 50.00% | ||||
| Finland | 96 | 1 | 73.3 | -1 | 1 | -3 | 0 | 0 | -5 | 20.00% | |||
| France | 92 | 0 | 112 | -3 | 1 | -3 | 0 | -1 | -10 | 40.00% | |||
| Germany | 100 | 2 | 66.1 | -1 | 1 | -3 | 0 | -1 | -6 | 20.00% | |||
| Greece | 50 | -2 | 173 | -5 | 2 | 1 | -3 | -1 | -1 | -16 | 60.00% | ||
| Hong Kong | 88 | 0 | 0 | 2 | -1 | 0 | -1 | -3 | 10.00% | ||||
| Hungary | 60 | -1 | 73.9 | -1 | 2 | -2 | 0 | 0 | -10 | 40.00% | |||
| India | 56 | -1 | 89.26 | -2 | 2 | -2 | -1 | -1 | -13 | 50.00% | |||
| Indonesia | 60 | -1 | 39.9 | 0 | 2 | -1 | -1 | -1 | -1 | -9 | 30.00% | ||
| Ireland | 83 | 0 | 44.4 | 0 | 1 | -3 | -1 | 0 | -1 | -5 | 20.00% | ||
| Israel | 81 | 0 | 60.9 | -1 | 1 | -3 | -2 | -6 | 20.00% | ||||
| Italy | 62 | -1 | 142 | -4 | 1 | -3 | 0 | -1 | -13 | 50.00% | |||
| Japan | 77 | -1 | 264 | -5 | 2 | -1 | -1 | -1 | -13 | 50.00% | |||
| Korea, South | 86 | 0 | 49.6 | 0 | 2 | -1 | -1 | -1 | 0 | -6 | 20.00% | ||
| Malaysia | 68 | -1 | 60.4 | -1 | 1 | -1 | -1 | -6 | 20.00% | ||||
| Mexico | 60 | -1 | 49.6 | 0 | 2 | -1 | -1 | 0 | 0 | -10 | 40.00% | ||
| Netherlands | 98 | 1 | 50.1 | -1 | 1 | -3 | 0 | 0 | -4 | 10.00% | |||
| New Zealand | 95 | 1 | 35.9 | 0 | 2 | -1 | 0 | 0 | -1 | 0.00% | |||
| Norway | 100 | 2 | 37.4 | 0 | 1 | 0 | 0 | 1 | -5.00% | ||||
| Pakistan | 18 | -4 | 89 | -2 | 2 | -1 | -1 | -16 | 60.00% | ||||
| Peru | 61 | -1 | 33.8 | 0 | 2 | -1 | 0 | -1 | -9 | 30.00% | |||
| Philippines | 61 | -1 | 60.9 | -1 | 2 | -1 | -1 | -9 | 30.00% | ||||
| Poland | 71 | -1 | 49.3 | 0 | 2 | -3 | 0 | 0 | -9 | 30.00% | |||
| Portugal | 67 | -1 | 112 | -3 | 2 | -3 | 0 | 0 | -8 | 30.00% | |||
| Qatar | 86 | 0 | 46.9 | 0 | 2 | 0 | 0 | -3 | 10.00% | ||||
| Singapore | 100 | 2 | 168 | -4 | 2 | 1 | -1 | -1 | -5 | 20.00% | |||
| South Africa | 41 | -2 | 67.4 | -1 | 2 | 0 | 0 | -13 | 50.00% | ||||
| Spain | 71 | -1 | 112 | -3 | 1 | -3 | -1 | -1 | -13 | 50.00% | |||
| Sweden | 100 | 2 | 32.9 | 0 | 1 | -3 | 0 | 0 | -3 | 10.00% | |||
| Switzerland | 100 | 2 | 41.4 | 0 | 2 | 0 | 0 | 7 | -20.00% | ||||
| Taiwan | 90 | 0 | 24 | 1 | 2 | -1 | 0 | -1 | 0.00% | ||||
| Thailand | 65 | -1 | 60.96 | -1 | 1 | -1 | -1 | -8 | 30.00% | ||||
| Turkey | 28 | -3 | 31.7 | 0 | 2 | -1 | -2 | -1 | -19 | 70.00% | |||
| United Arab Emirates | 90 | 0 | 38.3 | 0 | 2 | -2 | -1 | 1 | -5.00% | ||||
| United Kingdom | 87 | 0 | 97.1 | -2 | 1 | -2 | -1 | -1 | -9 | 30.00% | |||
| United States | 97 | 1 | 129 | -3 | 1 | -2 | 0 | -1 | -7 | 30.00% | |||
| Vietnam | 46 | -2 | 37.1 | 0 | 2 | -1 | 0 | -4 | 10.00% | ||||
Notes
No Natural disasters having a major affect this month
.
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Nov 30 2023 |
|---|---|---|---|
| Colombia | 0.8 | Bullish | -6.16% |
| Argentina | 0.84 | Bullish | 62.41% |
| Hungary | 0.86 | Bullish | 28.02% |
| Pakistan | 0.87 | Bullish | 23.43% |
| Hong Kong SAR | 0.89 | Bearish | -23.02% |
| Austria | 0.92 | Bullish | 7.40% |
| Greece | 1.04 | Bullish | 39.17% |
| Korea, South | 1.05 | Bullish | 15.65% |
| Chile | 1.13 | Bullish | 1.15% |
| Poland | 1.16 | Bullish | 37.57% |
| Italy | 1.24 | Bullish | 22.53% |
| Singapore | 1.27 | Bearish | -6.74% |
| Spain | 1.28 | Bullish | 21.36% |
| Malaysia | 1.35 | Bullish | -3.64% |
| Japan | 1.39 | Bullish | 16.69% |
| Germany | 1.4 | Bullish | 10.91% |
| Qatar | 1.5 | Bullish | -9.24% |
| United Arab Emirates | 1.5 | Bullish | -4.52% |
| Belgium | 1.52 | Bullish | -2.14% |
| China | 1.54 | Bearish | -10.85% |
| South Africa | 1.54 | Bullish | -4.68% |
| Brazil | 1.56 | Bullish | 27.48% |
| Peru | 1.57 | Bullish | 2.57% |
| Ireland | 1.64 | Bullish | 9.60% |
| Thailand | 1.64 | Bullish | -16.48% |
| Philippines | 1.67 | Bullish | -8.76% |
| United Kingdom | 1.69 | Bearish | -1.72% |
| Vietnam | 1.69 | Bullish | -2.11% |
| Israel | 1.72 | Bullish | 2.06% |
| Czech Republic | 1.74 | Bullish | 19.85% |
| Norway | 1.79 | Bullish | 3.76% |
| Canada | 1.83 | Bullish | 8.41% |
| Turkey | 1.83 | Bearish | 46.82% |
| France | 1.87 | Bullish | 9.16% |
| Finland | 1.9 | Bullish | -15.50% |
| Mexico | 1.96 | Bullish | 27.21% |
| Sweden | 2 | Bullish | 6.74% |
| Portugal | 2.02 | Bullish | -3.06% |
| Australia | 2.12 | Bullish | 3.82% |
| Indonesia | 2.16 | Bearish | 3.30% |
| Taiwan | 2.32 | Bullish | 23.62% |
| New Zealand | 2.72 | Bullish | -0.99% |
| Netherlands | 2.78 | Bullish | 10.93% |
| Egypt | 3.09 | Bullish | 75.19% |
| Switzerland | 3.39 | Bearish | -1.43% |
| India | 3.58 | Bullish | 11.27% |
| United States | 4.32 | Bullish | 20.10% |
| Denmark | 5.65 | Bearish | 21.20% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Nov 30 2023 |
|---|---|---|---|
| Ireland | -3.553 | Bullish | 9.60% |
| Argentina | -1.907 | Bullish | 62.41% |
| Pakistan | 0.231 | Bullish | 23.43% |
| Colombia | 0.501 | Bullish | -6.16% |
| Turkey | 0.699 | Bearish | 46.82% |
| Czech Republic | 0.730 | Bullish | 19.85% |
| Chile | 0.768 | Bullish | 1.15% |
| Brazil | 0.839 | Bullish | 27.48% |
| United Arab Emirates | 1.209 | Bullish | -4.52% |
| Austria | 1.463 | Bullish | 7.40% |
| Greece | 1.487 | Bullish | 39.17% |
| Indonesia | 1.559 | Bearish | 3.30% |
| Italy | 1.599 | Bullish | 22.53% |
| Spain | 1.637 | Bullish | 21.36% |
| Hungary | 1.674 | Bullish | 28.02% |
| Egypt | 1.683 | Bullish | 75.19% |
| Philippines | 2.012 | Bullish | -8.76% |
| Singapore | 2.081 | Bearish | -6.74% |
| Qatar | 2.127 | Bullish | -9.24% |
| Hong Kong SAR | 2.167 | Bearish | -23.02% |
| China | 2.188 | Bearish | -10.85% |
| Mexico | 2.189 | Bullish | 27.21% |
| Australia | 2.327 | Bullish | 3.82% |
| Poland | 2.448 | Bullish | 37.57% |
| Israel | 2.459 | Bullish | 2.06% |
| Malaysia | 2.483 | Bullish | -3.64% |
| United Kingdom | 2.568 | Bearish | -1.72% |
| India | 2.655 | Bullish | 11.27% |
| Finland | 2.669 | Bullish | -15.50% |
| Norway | 2.727 | Bullish | 3.76% |
| Peru | 2.805 | Bullish | 2.57% |
| Vietnam | 3.116 | Bullish | -2.11% |
| Taiwan | 3.208 | Bullish | 23.62% |
| Portugal | 3.729 | Bullish | -3.06% |
| South Africa | 3.820 | Bullish | -4.68% |
| Canada | 4.099 | Bullish | 8.41% |
| Japan | 4.188 | Bullish | 16.69% |
| Thailand | 4.648 | Bullish | -16.48% |
| France | 4.886 | Bullish | 9.16% |
| Germany | 4.889 | Bullish | 10.91% |
| Switzerland | 4.933 | Bearish | -1.43% |
| Belgium | 5.010 | Bullish | -2.14% |
| Korea, South | 5.124 | Bullish | 15.65% |
| United States | 5.313 | Bullish | 20.10% |
| Sweden | 6.706 | Bullish | 6.74% |
| New Zealand | 8.344 | Bullish | -0.99% |
| Netherlands | 13.918 | Bullish | 10.93% |
| Denmark | 14.071 | Bearish | 21.20% |
| Country | PE/Total Return | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % Nov 30 2023 |
|---|---|---|---|---|---|---|---|
| Ireland | -3.553 | 20.00% | -0.71 | -0.14 | Bullish | Oct 29, 2023 | 9.60% |
| Argentina | -1.907 | 70.00% | -1.34 | -0.93 | Bullish | Nov 12 2023 | 62.41% |
| Pakistan | 0.231 | 60.00% | 0.14 | 0.369 | Bullish | Oct 1, 2023 | 23.43% |
| Colombia | 0.501 | 50.00% | 0.25 | 0.752 | Bullish | Oct 29, 2023 | -6.16% |
| Chile | 0.768 | 30.00% | 0.23 | 0.998 | Bullish | Nov 12, 2023 | 1.15% |
| Czech Republic | 0.730 | 40.00% | 0.29 | 1.023 | Bullish | July 23, 2023 | 19.85% |
| United Arab Emirates | 1.209 | -5.00% | -0.06 | 1.148 | Bullish | Oct 29, 2023 | -4.52% |
| Turkey | 0.699 | 70.00% | 0.49 | 1.188 | Bearish | Oct 15, 2023 | 46.82% |
| Brazil | 0.839 | 50.00% | 0.42 | 1.259 | Bullish | Oct 8, 2023 | 27.48% |
| Austria | 1.463 | 20.00% | 0.29 | 1.756 | Bullish | Jul 25 2023 | 7.40% |
| Indonesia | 1.559 | 30.00% | 0.47 | 2.026 | Bearish | Oct 15, 2023 | 3.30% |
| Qatar | 2.127 | 10.00% | 0.21 | 2.339 | Bullish | Nov 23, 2022 | -9.24% |
| Hungary | 1.674 | 40.00% | 0.67 | 2.343 | Bullish | Apr 2, 2023 | 28.02% |
| Greece | 1.487 | 60.00% | 0.89 | 2.379 | Bullish | Nov 12, 2023 | 39.17% |
| Hong Kong SAR | 2.167 | 10.00% | 0.22 | 2.384 | Bearish | Aug 13, 2022 | -23.02% |
| Italy | 1.599 | 50.00% | 0.80 | 2.398 | Bullish | Mar 26, 2023 | 22.53% |
| Spain | 1.637 | 50.00% | 0.82 | 2.456 | Bullish | Mar 26, 2023 | 21.36% |
| Singapore | 2.081 | 20.00% | 0.42 | 2.498 | Bearish | Aug 13, 2022 | -6.74% |
| Egypt | 1.683 | 50.00% | 0.84 | 2.525 | Bullish | Aug 27, 2023 | 75.19% |
| Australia | 2.327 | 10.00% | 0.23 | 2.560 | Bullish | Jul 9, 2023 | 3.82% |
| Norway | 2.727 | -5.00% | -0.14 | 2.590 | Bullish | Oct 8, 2023 | 3.76% |
| Philippines | 2.012 | 30.00% | 0.60 | 2.615 | Bullish | Jan 8, 2023 | -8.76% |
| Israel | 2.459 | 20.00% | 0.49 | 2.951 | Bullish | Oct 29, 2023 | 2.06% |
| Malaysia | 2.483 | 20.00% | 0.50 | 2.979 | Bullish | Nov 6, 2022 | -3.64% |
| China | 2.188 | 40.00% | 0.88 | 3.063 | Bearish | Aug 13, 2022 | -10.85% |
| Mexico | 2.189 | 40.00% | 0.88 | 3.065 | Bullish | Oct 29, 2023 | 27.21% |
| Poland | 2.448 | 30.00% | 0.73 | 3.183 | Bullish | Oct 8, 2023 | 37.57% |
| Finland | 2.669 | 20.00% | 0.53 | 3.203 | Bullish | Oct 29, 2022 | -15.50% |
| Taiwan | 3.208 | 0.00% | 0.00 | 3.208 | Bullish | Nov 12, 2023 | 23.62% |
| United Kingdom | 2.568 | 30.00% | 0.77 | 3.339 | Bearish | Mar 12, 2023 | -1.72% |
| Vietnam | 3.116 | 10.00% | 0.31 | 3.427 | Bullish | Nov 12, 2023 | -2.11% |
| Peru | 2.805 | 30.00% | 0.84 | 3.647 | Bullish | Nov 12, 2023 | 2.57% |
| Switzerland | 4.933 | -20.00% | -0.99 | 3.947 | Bearish | Oct 15, 2023 | -1.43% |
| India | 2.655 | 50.00% | 1.33 | 3.983 | Bullish | July 23, 2023 | 11.27% |
| Canada | 4.099 | 10.00% | 0.41 | 4.509 | Bullish | Mar 26, 2023 | 8.41% |
| Portugal | 3.729 | 30.00% | 1.12 | 4.847 | Bullish | Oct 29, 2023 | -3.06% |
| South Africa | 3.820 | 50.00% | 1.91 | 5.729 | Bullish | Nov 12, 2023 | -4.68% |
| Germany | 4.889 | 20.00% | 0.98 | 5.866 | Bullish | Mar 26, 2023 | 10.91% |
| Thailand | 4.648 | 30.00% | 1.39 | 6.043 | Bullish | Nov 12, 2023 | -16.48% |
| Korea, South | 5.124 | 20.00% | 1.02 | 6.149 | Bullish | Oct 29, 2023 | 15.65% |
| Japan | 4.188 | 50.00% | 2.09 | 6.283 | Bullish | Nov 6, 2022 | 16.69% |
| Belgium | 5.010 | 30.00% | 1.50 | 6.513 | Bullish | Mar 13, 2022 | -2.14% |
| France | 4.886 | 40.00% | 1.95 | 6.841 | Bullish | Jan 1, 2023 | 9.16% |
| United States | 5.313 | 30.00% | 1.59 | 6.907 | Bullish | Oct 29, 2023 | 20.10% |
| Sweden | 6.706 | 10.00% | 0.67 | 7.376 | Bullish | Nov 12, 2023 | 6.74% |
| New Zealand | 8.344 | 0.00% | 0.00 | 8.344 | Bullish | Oct 29, 2023 | -0.99% |
| Denmark | 14.071 | -5.00% | -0.70 | 13.368 | Bearish | Oct 15, 2023 | 21.20% |
| Netherlands | 13.918 | 10.00% | 1.39 | 15.310 | Bullish | Jan 1, 2023 | 10.93% |
Country Value and Growth Factors August 31, 2023
| Country | 2023 Real GDP Projected Annual Growth Rate % | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Aug 31 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 1.3 | 1.08 | 8.39 | 2.38 | 3.525 | 0.82 | Bearish | Sep 3 2023 | MSCI Argentina | 49.68% |
| Australia | 2.1 | 4.29 | 15.78 | 6.39 | 2.469 | 2.17 | Bullish | Jul 9, 2023 | MSCI Australia USD | 2.55% |
| Austria | -1.1 | 5.43 | 6.48 | 4.33 | 1.497 | 0.89 | Bullish | Jul 25 2023 | MSCI Austria | 1.28% |
| Belgium | 0.9 | 2.46 | 21.35 | 3.36 | 6.354 | 1.52 | Bullish | Mar 13, 2022 | MSCI Belgium | -0.47% |
| Brazil | 3.4 | 8.60 | 6.74 | 12.00 | 0.562 | 1.5 | Bullish | Dec 18, 2022 | MSCI Brazil Net USD | 15.68% |
| Canada | 1.1 | 3.26 | 15.26 | 4.38 | 3.484 | 1.85 | Bullish | Mar 26, 2023 | MSCI Canada Net USD | 7.27% |
| Chile | -1.1 | 9.84 | 6.47 | 8.74 | 0.740 | 1.3 | Bullish | May 7, 2023 | MSCI Chile Net USD | 6.75% |
| China | 4.8 | 2.17 | 15.47 | 6.97 | 2.220 | 1.54 | Bearish | Aug 13, 2022 | MSCI China Net USD | -6.60% |
| Colombia | 0.3 | 10.31 | 4.70 | 10.61 | 0.443 | 0.78 | Bearish | Aug 13, 2023 | MSCI Colombia | -10.55% |
| Czech Republic | -0.4 | 13.71 | 7.70 | 13.31 | 0.579 | 1.74 | Bearish | May 14, 2023 | MSCI Czech Republic Net USD | 15.77% |
| Denmark | 1.5 | 1.73 | 23.09 | 3.23 | 7.149 | 5.54 | Bullish | Oct 23, 2022 | MSCI Denmark | 15.98% |
| Egypt | 3.9 | 1.67 | 8.06 | 5.57 | 1.447 | 2.36 | Bullish | Aug 27, 2023 | MSCI Egypt | 31.84% |
| Finland | -0.4 | 4.14 | 7.65 | 3.74 | 2.045 | 1.95 | Bearish | Sep 18, 2022 | MSCI Finland | -14.24% |
| France | 1.0 | 2.81 | 16.93 | 3.81 | 4.444 | 1.93 | Bullish | Jan 1, 2023 | MSCI France | 10.08% |
| Germany | -0.2 | 3.40 | 13.98 | 3.20 | 4.369 | 1.41 | Bullish | Mar 26, 2023 | MSCI Germany | 9.44% |
| Greece | 2.7 | 3.03 | 8.05 | 5.73 | 1.405 | 1.18 | Bullish | May 21, 2023 | MSCI Greece | 40.83% |
| Hong Kong SAR | 1.5 | 3.88 | 22.62 | 5.38 | 4.204 | 0.98 | Bearish | Aug 13, 2022 | MSCI Hong Kong | -16.07% |
| Hungary | -2.4 | 3.32 | 4.79 | 0.92 | 5.207 | 0.93 | Bullish | Apr 2, 2023 | MSCI Hungary | 26.18% |
| India | 7.8 | 1.27 | 25.65 | 9.07 | 2.828 | 3.59 | Bullish | July 23, 2023 | MSCI India Net USD | 5.73% |
| Indonesia | 5.2 | 4.59 | 16.36 | 9.76 | 1.676 | 2.34 | Bullish | Jan 15, 2023 | MSCI Indonesia USD | 9.22% |
| Ireland | -0.7 | 1.49 | 17.97 | 0.79 | 22.747 | 1.9 | Bullish | Mar 26, 2023 | MSCI Ireland | 23.51% |
| Israel | 3.0 | 2.29 | 12.50 | 5.33 | 2.345 | 1.73 | Bearish | Aug 13, 2023 | MSCI Israel | 0.74% |
| Italy | 0.4 | 4.76 | 7.83 | 5.16 | 1.517 | 1.26 | Bullish | Mar 26, 2023 | MSCI Italy | 18.34% |
| Japan | 1.6 | 2.24 | 15.77 | 3.84 | 4.107 | 1.4 | Bullish | Nov 6, 2022 | MSCI Japan USD | 14.98% |
| Korea, South | 0.9 | 2.06 | 16.34 | 2.96 | 5.520 | 0.99 | Bearish | Aug 13, 2023 | MSCI Korea USD | 12.74% |
| Malaysia | 2.9 | 3.83 | 17.51 | 6.73 | 2.602 | 1.39 | Bullish | Nov 6, 2022 | MSCI Malaysia USD | -4.70% |
| Mexico | 3.6 | 3.51 | 13.36 | 7.11 | 1.879 | 1.99 | Bearish | Jul 30, 2023 | MSCI Mexico USD | 25.43% |
| Netherlands | -0.3 | 2.07 | 22.30 | 1.77 | 12.599 | 2.86 | Bullish | Jan 1, 2023 | MSCI Netherlands | 8.41% |
| New Zealand | 2.2 | 2.65 | 25.76 | 4.85 | 5.311 | 2.71 | Bearish | May 21, 2023 | MSCI New Zealand | -2.00% |
| Norway | 0.7 | 5.63 | 7.79 | 6.33 | 1.231 | 1.72 | Bearish | Jun 18, 2023 | MSCI Norway | -0.21% |
| Pakistan | 6.0 | 16.49 | 3.77 | 22.46 | 0.168 | 0.59 | Bearish | Aug 27, 2023 | MSCI Pakistan Net USD | -14.40% |
| Peru | -0.4 | 4.22 | 11.90 | 3.82 | 3.115 | 1.77 | Bearish | Aug 13, 2023 | MSCI Peru | 12.43% |
| Philippines | 4.3 | 2.43 | 14.16 | 6.73 | 2.104 | 1.66 | Bullish | Jan 8, 2023 | MSCI Philippines USD | -10.96% |
| Poland | -0.6 | 3.92 | 9.18 | 3.32 | 2.765 | 1.1 | Bullish | Mar 26, 2023 | MSCI Poland USD | 21.39% |
| Portugal | 2.3 | 3.52 | 21.93 | 5.82 | 3.768 | 2.12 | Bullish | Mar 26, 2023 | MSCI Portugal | -5.36% |
| Qatar | 2.7 | 4.55 | 12.19 | 7.25 | 1.681 | 1.58 | Bullish | April 30, 2023 | MSCI Qatar | -8.17% |
| Singapore | 0.5 | 4.53 | 14.47 | 5.03 | 2.877 | 1.34 | Bearish | Aug 13, 2022 | MSCI Singapore | -2.23% |
| South Africa | 1.6 | 4.17 | 10.87 | 5.77 | 1.884 | 1.58 | Bearish | July 30, 2023 | MSCI South Africa USD | -6.62% |
| Spain | 1.8 | 4.04 | 9.37 | 5.84 | 1.604 | 1.27 | Bullish | Mar 26, 2023 | MSCI Spain | 14.82% |
| Sweden | -1.0 | 3.35 | 12.36 | 2.35 | 5.260 | 1.88 | Bearish | Jul 18, 2023 | MSCI Sweden | 3.64% |
| Switzerland | 0.5 | 3.04 | 18.55 | 3.54 | 5.240 | 3.54 | Bullish | Mar 26, 2023 | MSCI Switzerland | 1.57% |
| Taiwan | 1.4 | 3.51 | 16.91 | 4.87 | 3.472 | 2.27 | Bullish | Nov 6, 2022 | MSCI Taiwan USD | 15.45% |
| Thailand | 1.8 | 2.60 | 23.45 | 4.40 | 5.330 | 1.9 | Bullish | Sep 7, 2023 | MSCI Thailand USD | -6.33% |
| Turkey | 3.8 | 2.15 | 5.95 | 5.95 | 1.000 | 1.91 | Bearish | Aug 13, 2023 | MSCI Turkey | 40.78% |
| United Arab Emirates | 8.5 | 3.70 | 8.77 | 12.20 | 0.719 | 1.56 | Bearish | Dec 4, 2022 | MSCI UAE Gross USD | -2.83% |
| United Kingdom | 0.4 | 3.81 | 11.47 | 4.21 | 2.724 | 1.65 | Bearish | Mar 12, 2023 | MSCI UK | -2.49% |
| United States | 2.6 | 1.49 | 24.18 | 4.09 | 5.912 | 4.3 | Bearish | Mar 5, 2023 | MSCI USA USD | 18.33% |
| Vietnam | 4.14 | 1.58 | 23.94 | 5.72 | 4.185 | 2.74 | Bearish | Jan 29, 2023 | MSCI Vietnam | 12.34% |
| Economic Risk | Socioeconomic Risk | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Population Growth Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 118 | -5 | 113 | -5 | 6.9 | -1 | 1 | -1 | -2 | 25 | 0 |
| Australia | 4.1 | -1 | 6 | -2 | 3.7 | -1 | -1 | 30 | -1 | ||
| Austria | 4.25 | -1 | 7.5 | -2 | 6.1 | -1 | 0 | 24 | 0 | ||
| Belgium | 4.25 | -1 | 4.09 | -2 | 5.5 | -1 | 0 | 25 | 0 | ||
| Brazil | 13.25 | -3 | 3.99 | -1 | 7.9 | -1 | 0 | -1 | -2 | 34 | -2 |
| Canada | 5 | -1 | 3.3 | -1 | 5.5 | -1 | 0 | 26.5 | -1 | ||
| Chile | 9.5 | -2 | 5.3 | -2 | 8.77 | -2 | 1 | -1 | 27 | -1 | |
| China | 3.45 | -1 | 0.1 | 0 | 5.3 | -1 | -1 | -1 | 25 | 0 | |
| Colombia | 13.25 | -3 | 11.43 | -3 | 9.57 | -2 | 1 | -1 | -2 | 35 | -2 |
| Czech Republic | 7 | -2 | 8.8 | -3 | 3.6 | -1 | -2 | -1 | -1 | 19 | 0 |
| Denmark | 3.35 | -1 | 3.1 | -1 | 2.5 | 0 | 0 | 2 | 22 | 0 | |
| Egypt | 19.25 | -3 | 37.4 | -5 | 7 | -1 | 2 | -3 | 22.5 | 0 | |
| Finland | 4.25 | -1 | 6.5 | -2 | 6.9 | -1 | -1 | 2 | 20 | 0 | |
| France | 4.25 | -1 | 4.8 | -2 | 7.2 | -1 | -1 | 25 | 0 | ||
| Germany | 4.25 | -1 | 6.1 | -2 | 5.7 | -1 | -1 | 1 | 30 | -1 | |
| Greece | 4.25 | -1 | 2.7 | -1 | 10.8 | -2 | -2 | -1 | 22 | 0 | |
| Hong Kong | 5.75 | -1 | 1.8 | 0 | 2.8 | 0 | -2 | 1 | 16.5 | 0 | |
| Hungary | 14 | -3 | 16.4 | -4 | 4 | -1 | -2 | -2 | 9 | 2 | |
| India | 6.5 | -2 | 7.44 | -2 | 8 | -2 | 1 | -2 | 34.94 | -2 | |
| Indonesia | 5.75 | -1 | 3.27 | -1 | 5.45 | -1 | 0 | -3 | 22 | 0 | |
| Ireland | 4.25 | -1 | 6.3 | -2 | 4.1 | -1 | 1 | 1 | 12.5 | 1 | |
| Israel | 4.75 | -1 | 3.3 | -1 | 3.4 | -1 | 2 | 23 | 0 | ||
| Italy | 4.25 | -1 | 5.53 | -2 | 7.6 | -1 | -2 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | 3.3 | -1 | 2.7 | 0 | -2 | 30.62 | -2 | ||
| Korea, South | 3.5 | -1 | 3.4 | -1 | 2.8 | 0 | -2 | 27.5 | -1 | ||
| Malaysia | 3 | -1 | 2 | 0 | 3.4 | -1 | 1 | -1 | -1 | 24 | 0 |
| Mexico | 11.25 | -2 | 4.64 | -2 | 3.1 | -1 | 0 | -1 | -3 | 30 | -1 |
| Netherlands | 4.25 | -1 | 3 | -1 | 3.6 | -1 | 0 | 1 | 25.8 | -1 | |
| New Zealand | 5.5 | -1 | 6 | -2 | 3.6 | -1 | 0 | 2 | 28 | -1 | |
| Norway | 4 | -1 | 5.4 | -2 | 3.5 | -1 | 0 | 1 | 22 | 0 | |
| Pakistan | 22 | -3 | 27.4 | -4 | 6.3 | -1 | 2 | -3 | 29 | -1 | |
| Peru | 7.75 | -2 | 7.9 | -2 | 7.1 | -1 | 1 | -1 | -3 | 29.5 | -1 |
| Philippines | 6.25 | -2 | 5.3 | -2 | 4.8 | -1 | 2 | -1 | -3 | 25 | 0 |
| Poland | 6 | -1 | 10.1 | -3 | 5 | -1 | -2 | -1 | 19 | 0 | |
| Portugal | 4.25 | -1 | 3.7 | -1 | 6.1 | -1 | -1 | 21 | 0 | ||
| Qatar | 6.25 | -2 | 3.1 | -1 | 0.1 | -1 | -2 | 10 | 1 | ||
| Singapore | 3.68 | -1 | 4.1 | -2 | 1.9 | 0 | -2 | 1 | 17 | 0 | |
| South Africa | 8.25 | -2 | 4.7 | -2 | 32.6 | -5 | 1 | -1 | -2 | 27 | -1 |
| Spain | 4.25 | -1 | 2.6 | -1 | 11.6 | -2 | -1 | 25 | 0 | ||
| Sweden | 3.75 | -1 | 9.3 | -3 | 6.2 | -1 | 0 | 1 | 20.6 | 0 | |
| Switzerland | 1.75 | 0 | 1.6 | 0 | 2 | 0 | 1 | 1 | 14.93 | 1 | |
| Taiwan | 1.88 | 0 | 2.52 | -1 | 3.43 | -1 | -1 | 20 | 0 | ||
| Thailand | 2.25 | 0 | 0.88 | 0 | 1.06 | 0 | -1 | -3 | 20 | 0 | |
| Turkey | 25 | -3 | 58.94 | -5 | 9.4 | -2 | 1 | -1 | -3 | 23 | 0 |
| United Arab Emirates | 5.4 | -1 | 2.05 | -1 | 2.75 | 0 | 1 | 0 | -1 | ||
| United Kingdom | 5.25 | -1 | 6.8 | -2 | 4.3 | -1 | 0 | 19 | 0 | ||
| United States | 5.5 | -1 | 3.2 | -1 | 3.8 | -1 | 0 | 21 | 0 | ||
| Vietnam | 4.5 | -1 | 2.96 | -1 | 2.3 | 0 | 1 | -2 | 20 | 0 | |
| Sovereign Risk | Political Risk | Conflict Risk | Extraordinary Event Risks | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Average Credit Ratings | Average Credit Ratings Score | Government Debt as % of GDP | Debt Score | Political Stability | Government Friendly to Business | Trade Dispute Cases on WTO/Trade Wars | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.12 | Territorial Disputes/ Wars | Internal Conflict/ Terrorism | Natural Disasters, Banking Crisis, Political Crisis, etc | Total Score | % Modifier |
| Argentina | 12 | -4 | 85 | -2 | 2 | -1 | -1 | -1 | -20 | 70.00% | |||
| Australia | 100 | 2 | 22.3 | 1 | 2 | -1 | -1 | 0 | 0 | -3 | 10.00% | ||
| Austria | 96 | 1 | 78.4 | -1 | 1 | -3 | 0 | 0 | -6 | 20.00% | |||
| Belgium | 87 | 0 | 105 | -2 | 1 | -3 | 0 | -1 | -9 | 30.00% | |||
| Brazil | 43 | -2 | 72.87 | -1 | 2 | -1 | -1 | 0 | -13 | 50.00% | |||
| Canada | 100 | 2 | 113 | -3 | 1 | 1 | -1 | -1 | 0 | 0 | -5 | 20.00% | |
| Chile | 75 | -1 | 38 | 0 | 1 | -1 | -1 | 0 | -9 | 30.00% | |||
| China | 80 | -1 | 76.9 | -1 | 2 | -1 | -2 | -1 | -1 | 0 | -9 | 30.00% | |
| Colombia | 55 | -1 | 61.1 | -1 | 1 | -1 | -1 | -15 | 50.00% | ||||
| Czech Republic | 85 | 0 | 44.1 | 0 | 1 | -3 | 0 | 0 | -12 | 40.00% | |||
| Denmark | 100 | 2 | 30.1 | 0 | 1 | -2 | 0 | -2 | -1 | 0.00% | |||
| Egypt | 28 | -3 | 87.2 | -2 | 2 | -1 | -1 | -15 | 50.00% | ||||
| Finland | 96 | 1 | 73 | -1 | 1 | -3 | 0 | 0 | -5 | 20.00% | |||
| France | 92 | 0 | 112 | -3 | 1 | -3 | 0 | -1 | -11 | 40.00% | |||
| Germany | 100 | 2 | 66.3 | -1 | 1 | -3 | 0 | -1 | -7 | 30.00% | |||
| Greece | 46 | -2 | 171 | -5 | 2 | 1 | -3 | -1 | -1 | -16 | 60.00% | ||
| Hong Kong | 90 | 0 | 0 | 2 | -1 | 0 | -1 | -2 | 0.00% | ||||
| Hungary | 60 | -1 | 73.3 | -1 | 2 | -2 | 0 | 0 | -12 | 40.00% | |||
| India | 56 | -1 | 89.26 | -2 | 2 | -2 | -1 | -1 | -14 | 50.00% | |||
| Indonesia | 60 | -1 | 40.9 | 0 | 2 | -1 | -1 | -1 | -1 | -9 | 30.00% | ||
| Ireland | 83 | 0 | 44.7 | 0 | 1 | -3 | -1 | 0 | -1 | -5 | 20.00% | ||
| Israel | 81 | 0 | 60.9 | -1 | 1 | -1 | -1 | -3 | 10.00% | ||||
| Italy | 62 | -1 | 145 | -4 | 1 | -3 | 0 | -1 | -15 | 50.00% | |||
| Japan | 77 | -1 | 264 | -5 | 2 | -1 | -1 | -2 | -14 | 50.00% | |||
| Korea, South | 86 | 0 | 49.6 | 0 | 2 | -1 | -1 | -1 | 0 | -6 | 20.00% | ||
| Malaysia | 68 | -1 | 60.4 | -1 | 1 | -1 | -1 | -6 | 20.00% | ||||
| Mexico | 60 | -1 | 49.6 | 0 | 2 | -1 | -1 | 0 | 0 | -11 | 40.00% | ||
| Netherlands | 98 | 1 | 51 | -1 | 1 | -3 | 0 | 0 | -5 | 20.00% | |||
| New Zealand | 95 | 1 | 35.9 | 0 | 2 | -1 | 0 | 0 | -1 | 0.00% | |||
| Norway | 100 | 2 | 37.4 | 0 | 1 | 0 | 0 | 0 | 0.00% | ||||
| Pakistan | 18 | -4 | 89 | -2 | 2 | -1 | -1 | -16 | 60.00% | ||||
| Peru | 61 | -1 | 36 | 0 | 1 | -1 | 0 | -1 | -11 | 40.00% | |||
| Philippines | 61 | -1 | 60.9 | -1 | 2 | -1 | -1 | -9 | 30.00% | ||||
| Poland | 71 | -1 | 49.1 | 0 | 2 | -3 | 0 | 0 | -10 | 40.00% | |||
| Portugal | 62 | -1 | 114 | -3 | 2 | -3 | 0 | 0 | -9 | 30.00% | |||
| Qatar | 86 | 0 | 46.9 | 0 | 2 | 0 | 0 | -3 | 10.00% | ||||
| Singapore | 100 | 2 | 168 | -4 | 2 | 1 | -1 | -1 | -5 | 20.00% | |||
| South Africa | 41 | -2 | 67.4 | -1 | 2 | 0 | 0 | -13 | 50.00% | ||||
| Spain | 71 | -1 | 113 | -3 | 1 | -3 | -1 | -1 | -13 | 50.00% | |||
| Sweden | 100 | 2 | 33 | 0 | 1 | -3 | 0 | 0 | -4 | 10.00% | |||
| Switzerland | 100 | 2 | 41.4 | 0 | 2 | 0 | 0 | 7 | -20.00% | ||||
| Taiwan | 90 | 0 | 24 | 1 | 2 | -1 | 0 | -1 | 0.00% | ||||
| Thailand | 65 | -1 | 60.96 | -1 | 1 | -1 | -1 | -7 | 30.00% | ||||
| Turkey | 28 | -3 | 31.7 | 0 | 2 | -1 | -2 | -1 | -18 | 60.00% | |||
| United Arab Emirates | 90 | 0 | 38.3 | 0 | 2 | -2 | -1 | -3 | 10.00% | ||||
| United Kingdom | 87 | 0 | 101 | -2 | 2 | -2 | -1 | -1 | -8 | 30.00% | |||
| United States | 98 | 1 | 129 | -3 | 1 | -2 | 0 | -1 | -7 | 30.00% | |||
| Vietnam | 45 | -2 | 37.1 | 0 | 2 | -1 | 0 | -4 | 10.00% | ||||
Notes
No Natural disasters having a major affect this month
.
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Aug 31 2023 |
|---|---|---|---|
| Pakistan | 0.59 | Bearish | -14.40% |
| Colombia | 0.78 | Bearish | -10.55% |
| Argentina | 0.82 | Bearish | 49.68% |
| Austria | 0.89 | Bullish | 1.28% |
| Hungary | 0.93 | Bullish | 26.18% |
| Hong Kong | 0.98 | Bearish | -16.07% |
| Korea, South | 0.99 | Bearish | 12.74% |
| Poland | 1.1 | Bullish | 21.39% |
| Greece | 1.18 | Bullish | 40.83% |
| Italy | 1.26 | Bullish | 18.34% |
| Spain | 1.27 | Bullish | 14.82% |
| Chile | 1.3 | Bullish | 6.75% |
| Singapore | 1.34 | Bearish | -2.23% |
| Malaysia | 1.39 | Bullish | -4.70% |
| Japan | 1.4 | Bullish | 14.98% |
| Germany | 1.41 | Bullish | 9.44% |
| Brazil | 1.5 | Bullish | 15.68% |
| Belgium | 1.52 | Bullish | -0.47% |
| China | 1.54 | Bearish | -6.60% |
| United Arab Emirates | 1.56 | Bearish | -2.83% |
| Qatar | 1.58 | Bullish | -8.17% |
| South Africa | 1.58 | Bearish | -6.62% |
| United Kingdom | 1.65 | Bearish | -2.49% |
| Philippines | 1.66 | Bullish | -10.96% |
| Norway | 1.72 | Bearish | -0.21% |
| Israel | 1.73 | Bearish | 0.74% |
| Czech Republic | 1.74 | Bearish | 15.77% |
| Peru | 1.77 | Bearish | 12.43% |
| Canada | 1.85 | Bullish | 7.27% |
| Sweden | 1.88 | Bearish | 3.64% |
| Ireland | 1.9 | Bullish | 23.51% |
| Thailand | 1.9 | Bullish | -6.33% |
| Turkey | 1.91 | Bearish | 40.78% |
| France | 1.93 | Bullish | 10.08% |
| Finland | 1.95 | Bearish | -14.24% |
| Mexico | 1.99 | Bearish | 25.43% |
| Portugal | 2.12 | Bullish | -5.36% |
| Australia | 2.17 | Bullish | 2.55% |
| Taiwan | 2.27 | Bullish | 15.45% |
| Indonesia | 2.34 | Bullish | 9.22% |
| Egypt | 2.36 | Bullish | 31.84% |
| New Zealand | 2.71 | Bearish | -2.00% |
| Vietnam | 2.74 | Bearish | 12.34% |
| Netherlands | 2.86 | Bullish | 8.41% |
| Switzerland | 3.54 | Bullish | 1.57% |
| India | 3.59 | Bullish | 5.73% |
| United States | 4.3 | Bearish | 18.33% |
| Denmark | 5.54 | Bullish | 15.98% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Aug 31 2023 |
|---|---|---|---|
| Pakistan | 0.168 | Bearish | -14.40% |
| Colombia | 0.443 | Bearish | -10.55% |
| Brazil | 0.562 | Bullish | 15.68% |
| Czech Republic | 0.579 | Bearish | 15.77% |
| United Arab Emirates | 0.719 | Bearish | -2.83% |
| Chile | 0.740 | Bullish | 6.75% |
| Turkey | 1.000 | Bearish | 40.78% |
| Norway | 1.231 | Bearish | -0.21% |
| Greece | 1.405 | Bullish | 40.83% |
| Egypt | 1.447 | Bullish | 31.84% |
| Austria | 1.497 | Bullish | 1.28% |
| Italy | 1.517 | Bullish | 18.34% |
| Spain | 1.604 | Bullish | 14.82% |
| Indonesia | 1.676 | Bullish | 9.22% |
| Qatar | 1.681 | Bullish | -8.17% |
| Mexico | 1.879 | Bearish | 25.43% |
| South Africa | 1.884 | Bearish | -6.62% |
| Finland | 2.045 | Bearish | -14.24% |
| Philippines | 2.104 | Bullish | -10.96% |
| China | 2.220 | Bearish | -6.60% |
| Israel | 2.345 | Bearish | 0.74% |
| Australia | 2.469 | Bullish | 2.55% |
| Malaysia | 2.602 | Bullish | -4.70% |
| United Kingdom | 2.724 | Bearish | -2.49% |
| Poland | 2.765 | Bullish | 21.39% |
| India | 2.828 | Bullish | 5.73% |
| Singapore | 2.877 | Bearish | -2.23% |
| Peru | 3.115 | Bearish | 12.43% |
| Taiwan | 3.472 | Bullish | 15.45% |
| Canada | 3.484 | Bullish | 7.27% |
| Argentina | 3.525 | Bearish | 49.68% |
| Portugal | 3.768 | Bullish | -5.36% |
| Japan | 4.107 | Bullish | 14.98% |
| Vietnam | 4.185 | Bearish | 12.34% |
| Hong Kong | 4.204 | Bearish | -16.07% |
| Germany | 4.369 | Bullish | 9.44% |
| France | 4.444 | Bullish | 10.08% |
| Hungary | 5.207 | Bullish | 26.18% |
| Switzerland | 5.240 | Bullish | 1.57% |
| Sweden | 5.260 | Bearish | 3.64% |
| New Zealand | 5.311 | Bearish | -2.00% |
| Thailand | 5.330 | Bullish | -6.33% |
| Korea, South | 5.520 | Bearish | 12.74% |
| United States | 5.912 | Bearish | 18.33% |
| Belgium | 6.354 | Bullish | -0.47% |
| Denmark | 7.149 | Bullish | 15.98% |
| Netherlands | 12.599 | Bullish | 8.41% |
| Ireland | 22.747 | Bullish | 23.51% |
| Country | PE/Total Return | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % May 31 2023 |
|---|---|---|---|---|---|---|---|
| Ireland | 0.79 | 20.00% | 0.16 | 0.948 | Bullish | Mar 26, 2023 | 23.51% |
| Hungary | 0.92 | 40.00% | 0.37 | 1.288 | Bullish | Apr 2, 2023 | 26.18% |
| Netherlands | 1.77 | 20.00% | 0.35 | 2.124 | Bullish | Jan 1, 2023 | 8.41% |
| Sweden | 2.35 | 10.00% | 0.24 | 2.585 | Bearish | Jul 18, 2023 | 3.64% |
| Switzerland | 3.54 | -20.00% | -0.71 | 2.832 | Bullish | Mar 26, 2023 | 1.57% |
| Denmark | 3.23 | 0.00% | 0.00 | 3.230 | Bullish | Oct 23, 2022 | 15.98% |
| Korea, South | 2.96 | 20.00% | 0.59 | 3.552 | Bearish | Aug 13, 2023 | 12.74% |
| Argentina | 2.38 | 70.00% | 1.67 | 4.046 | Bearish | Sep 3 2023 | 49.68% |
| Germany | 3.20 | 30.00% | 0.96 | 4.160 | Bullish | Mar 26, 2023 | 9.44% |
| Belgium | 3.36 | 30.00% | 1.01 | 4.368 | Bullish | Mar 13, 2022 | -0.47% |
| Finland | 3.74 | 20.00% | 0.75 | 4.488 | Bearish | Sep 18, 2022 | -14.24% |
| Poland | 3.32 | 40.00% | 1.33 | 4.648 | Bullish | Mar 26, 2023 | 21.39% |
| New Zealand | 4.85 | 0.00% | 0.00 | 4.850 | Bearish | May 21, 2023 | -2.00% |
| Taiwan | 4.87 | 0.00% | 0.00 | 4.870 | Bullish | Nov 6, 2022 | 15.45% |
| Austria | 4.33 | 20.00% | 0.87 | 5.196 | Bullish | Jul 25 2023 | 1.28% |
| Canada | 4.38 | 20.00% | 0.88 | 5.256 | Bullish | Mar 26, 2023 | 7.27% |
| United States | 4.09 | 30.00% | 1.23 | 5.317 | Bearish | Mar 5, 2023 | 18.33% |
| France | 3.81 | 40.00% | 1.52 | 5.334 | Bullish | Jan 1, 2023 | 10.08% |
| Peru | 3.82 | 40.00% | 1.53 | 5.348 | Bearish | Aug 13, 2023 | 12.43% |
| Hong Kong | 5.38 | 0.00% | 0.00 | 5.380 | Bearish | Aug 13, 2022 | -16.07% |
| United Kingdom | 4.21 | 30.00% | 1.26 | 5.473 | Bearish | Mar 12, 2023 | -2.49% |
| Thailand | 4.40 | 30.00% | 1.32 | 5.720 | Bullish | Sep 7, 2023 | -6.33% |
| Japan | 3.84 | 50.00% | 1.92 | 5.760 | Bullish | Nov 6, 2022 | 14.98% |
| Israel | 5.33 | 10.00% | 0.53 | 5.863 | Bearish | Aug 13, 2023 | 0.74% |
| Singapore | 5.03 | 20.00% | 1.01 | 6.036 | Bearish | Aug 13, 2022 | -2.23% |
| Vietnam | 5.72 | 10.00% | 0.57 | 6.292 | Bearish | Jan 29, 2023 | 12.34% |
| Norway | 6.33 | 0.00% | 0.00 | 6.330 | Bearish | Jun 18, 2023 | -0.21% |
| Australia | 6.39 | 10.00% | 0.64 | 7.029 | Bullish | Jul 9, 2023 | 2.55% |
| Portugal | 5.82 | 30.00% | 1.75 | 7.566 | Bullish | Mar 26, 2023 | -5.36% |
| Italy | 5.16 | 50.00% | 2.58 | 7.740 | Bullish | Mar 26, 2023 | 18.34% |
| Qatar | 7.25 | 10.00% | 0.73 | 7.975 | Bullish | April 30, 2023 | -8.17% |
| Malaysia | 6.73 | 20.00% | 1.35 | 8.076 | Bullish | Nov 6, 2022 | -4.70% |
| Egypt | 5.57 | 50.00% | 2.79 | 8.355 | Bullish | Aug 27, 2023 | 31.84% |
| South Africa | 5.77 | 50.00% | 2.89 | 8.655 | Bearish | July 30, 2023 | -6.62% |
| Philippines | 6.73 | 30.00% | 2.02 | 8.749 | Bullish | Jan 8, 2023 | -10.96% |
| Spain | 5.84 | 50.00% | 2.92 | 8.760 | Bullish | Mar 26, 2023 | 14.82% |
| China | 6.97 | 30.00% | 2.09 | 9.061 | Bearish | Aug 13, 2022 | -6.60% |
| Greece | 5.73 | 60.00% | 3.44 | 9.168 | Bullish | May 21, 2023 | 40.83% |
| Turkey | 5.95 | 60.00% | 3.57 | 9.520 | Bearish | Aug 13, 2023 | 40.78% |
| Mexico | 7.11 | 40.00% | 2.84 | 9.954 | Bearish | Jul 30, 2023 | 25.43% |
| Chile | 8.74 | 30.00% | 2.62 | 11.362 | Bullish | May 7, 2023 | 6.75% |
| Indonesia | 9.76 | 30.00% | 2.93 | 12.688 | Bullish | Jan 15, 2023 | 9.22% |
| United Arab Emirates | 12.20 | 10.00% | 1.22 | 13.420 | Bearish | Dec 4, 2022 | -2.83% |
| India | 9.07 | 50.00% | 4.54 | 13.605 | Bullish | July 23, 2023 | 5.73% |
| Colombia | 10.61 | 50.00% | 5.31 | 15.915 | Bearish | Aug 13, 2023 | -10.55% |
| Brazil | 12.00 | 50.00% | 6.00 | 18.000 | Bullish | Dec 18, 2022 | 15.68% |
| Czech Republic | 13.31 | 40.00% | 5.32 | 18.634 | Bearish | May 14, 2023 | 15.77% |
| Pakistan | 22.46 | 60.00% | 13.48 | 35.936 | Bearish | Aug 27, 2023 | -14.40% |
Country Value and Growth Factors May 31, 2023
| Country | 2023 Real GDP Projected Annual Growth Rate % | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % May 31 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 1.9 | 1.38 | 5.65 | 3.28 | 1.723 | 0.68 | Bullish | May 7 2023 | MSCI Argentina | 16.77% |
| Australia | 2.3 | 4.94 | 14.01 | 7.24 | 1.935 | 2.1 | Bullish | Nov 6, 2022 | MSCI Australia USD | -1.91% |
| Austria | 1.9 | 5.55 | 5.73 | 7.45 | 0.769 | 0.84 | Bearish | Mar 13 2023 | MSCI Austria | -4.68% |
| Belgium | 1.4 | 2.61 | 21.25 | 4.01 | 5.299 | 1.44 | Bullish | Mar 13, 2022 | MSCI Belgium | -6.37% |
| Brazil | 4.0 | 11.95 | 5.72 | 15.95 | 0.359 | 1.4 | Bullish | Dec 18, 2022 | MSCI Brazil Net USD | 3.75% |
| Canada | 3.1 | 3.34 | 13.91 | 6.44 | 2.160 | 1.8 | Bullish | Mar 26, 2023 | MSCI Canada Net USD | 1.81% |
| Chile | -0.6 | 11.49 | 4.90 | 10.89 | 0.450 | 1.2 | Bullish | May 7, 2023 | MSCI Chile Net USD | 2.95% |
| China | 4.5 | 2.17 | 15.47 | 6.67 | 2.319 | 1.54 | Bearish | Jan 30, 2022 | MSCI China Net USD | -10.91% |
| Colombia | 3.0 | 9.93 | 4.54 | 12.93 | 0.351 | 0.75 | Bearish | May 28, 2023 | MSCI Colombia | -16.30% |
| Czech Republic | -0.4 | 6.31 | 8.18 | 5.91 | 1.384 | 1.51 | Bearish | May 14, 2023 | MSCI Czech Republic Net USD | 18.22% |
| Denmark | 2.4 | 1.58 | 19.82 | 3.98 | 4.980 | 5.42 | Bullish | Oct 23, 2022 | MSCI Denmark | 10.24% |
| Egypt | 3.9 | 1.81 | 10.05 | 5.71 | 1.760 | 2.25 | Bearish | May 14, 2023 | MSCI Egypt | 21.67% |
| Finland | -0.4 | 4.01 | 9.36 | 3.61 | 2.593 | 1.89 | Bearish | Sep 18, 2022 | MSCI Finland | -11.08% |
| France | 0.9 | 2.96 | 16.03 | 3.86 | 4.153 | 1.84 | Bullish | Jan 1, 2023 | MSCI France | 7.35% |
| Germany | -0.5 | 3.43 | 16.24 | 2.93 | 5.543 | 1.36 | Bullish | Mar 26, 2023 | MSCI Germany | 8.03% |
| Greece | 2.1 | 2.33 | 7.81 | 4.43 | 1.763 | 1.14 | Bullish | May 21, 2023 | MSCI Greece | 28.89% |
| Hong Kong SAR | 2.7 | 3.79 | 25.15 | 6.49 | 3.875 | 1.02 | Bearish | Mar 5, 2022 | MSCI Hong Kong | -12.87% |
| Hungary | -0.9 | 3.39 | 4.82 | 2.49 | 1.936 | 0.81 | Bullish | Apr 2, 2023 | MSCI Hungary | 7.33% |
| India | 6.1 | 1.32 | 25.60 | 7.42 | 3.450 | 3.44 | Bullish | July 17, 2022 | MSCI India Net USD | -0.04% |
| Indonesia | 5.0 | 4.74 | 13.21 | 9.77 | 1.352 | 2.42 | Bullish | Jan 15, 2023 | MSCI Indonesia USD | 9.57% |
| Ireland | -0.2 | 1.62 | 18.43 | 1.42 | 12.979 | 1.81 | Bullish | Mar 26, 2023 | MSCI Ireland | 15.19% |
| Israel | 4.0 | 2.46 | 10.52 | 6.44 | 1.634 | 1.62 | Bearish | Nov 13, 2022 | MSCI Israel | -5.37% |
| Italy | 1.9 | 5.27 | 7.58 | 7.17 | 1.057 | 1.13 | Bullish | Mar 26, 2023 | MSCI Italy | 6.78% |
| Japan | 1.3 | 2.41 | 16.69 | 3.71 | 4.499 | 1.34 | Bullish | Nov 6, 2022 | MSCI Japan USD | 9.88% |
| Korea, South | 0.9 | 2.09 | 13.13 | 2.99 | 4.391 | 1.02 | Bullish | Oct 2, 2022 | MSCI Korea USD | 13.90% |
| Malaysia | 5.6 | 4.15 | 15.63 | 9.75 | 1.603 | 1.33 | Bullish | Nov 6, 2022 | MSCI Malaysia USD | -8.64% |
| Mexico | 3.7 | 3.76 | 14.22 | 7.46 | 1.906 | 1.94 | Bullish | Mar 19, 2023 | MSCI Mexico USD | 18.82% |
| Netherlands | 1.9 | 1.98 | 26.08 | 3.88 | 6.722 | 3 | Bullish | Jan 1, 2023 | MSCI Netherlands | 12.97% |
| New Zealand | 2.2 | 2.39 | 26.22 | 4.59 | 5.712 | 2.91 | Bearish | May 21, 2023 | MSCI New Zealand | 3.17% |
| Norway | 3.0 | 5.98 | 8.39 | 8.98 | 0.934 | 1.51 | Bullish | Mar 26, 2022 | MSCI Norway | -6.07% |
| Pakistan | 6.0 | 18.47 | 3.62 | 24.44 | 0.148 | 0.59 | Bearish | Feb 26, 2023 | MSCI Pakistan Net USD | -16.12% |
| Peru | -0.4 | 4.74 | 10.86 | 4.34 | 2.502 | 1.49 | Bullish | May 28, 2023 | MSCI Peru | -2.12% |
| Philippines | 6.4 | 2.16 | 17.27 | 8.56 | 2.018 | 1.81 | Bullish | Jan 8, 2023 | MSCI Philippines USD | -7.18% |
| Poland | -0.3 | 4.20 | 7.89 | 3.90 | 2.023 | 1 | Bullish | Mar 26, 2023 | MSCI Poland USD | 8.11% |
| Portugal | 2.5 | 3.53 | 15.13 | 6.03 | 2.509 | 2.1 | Bullish | Mar 26, 2023 | MSCI Portugal | -5.90% |
| Qatar | 8.0 | 4.57 | 11.73 | 12.57 | 0.933 | 1.6 | Bullish | April 30, 2023 | MSCI Qatar | -8.17% |
| Singapore | 0.4 | 4.18 | 16.61 | 4.58 | 3.627 | 1.36 | Bullish | Oct 23, 2022 | MSCI Singapore | -1.92% |
| South Africa | 0.2 | 4.42 | 9.86 | 4.62 | 2.134 | 1.6 | Bearish | May 7, 2023 | MSCI South Africa USD | -13.71% |
| Spain | 3.8 | 4.02 | 9.71 | 7.82 | 1.242 | 1.16 | Bullish | Mar 26, 2023 | MSCI Spain | 9.12% |
| Sweden | 0.8 | 3.35 | 16.68 | 4.15 | 4.019 | 1.94 | Bullish | Mar 26, 2023 | MSCI Sweden | 5.09% |
| Switzerland | 0.6 | 3.02 | 17.86 | 3.62 | 4.934 | 3.14 | Bearish | June 12, 2022 | MSCI Switzerland | 2.55% |
| Taiwan | -2.9 | 4.01 | 14.76 | 1.14 | 12.947 | 2.27 | Bullish | Nov 6, 2022 | MSCI Taiwan USD | 17.94% |
| Thailand | 2.7 | 2.85 | 20.13 | 5.55 | 3.627 | 1.82 | Bearish | May 14, 2023 | MSCI Thailand USD | -9.02% |
| Turkey | 4.0 | 3.34 | 3.77 | 7.34 | 0.514 | 1.36 | Bullish | May 28, 2023 | MSCI Turkey | -10.89% |
| United Arab Emirates | 8.5 | 3.83 | 9.30 | 12.33 | 0.754 | 1.47 | Bearish | Dec 4, 2022 | MSCI UAE Gross USD | -7.74% |
| United Kingdom | 0.2 | 3.97 | 11.77 | 4.17 | 2.823 | 1.63 | Bearish | Mar 12, 2023 | MSCI UK | -1.99% |
| United States | 1.6 | 1.60 | 22.03 | 3.20 | 6.884 | 4.06 | Bearish | Mar 5, 2023 | MSCI USA USD | 9.51% |
| Vietnam | 3.32 | 1.97 | 27.80 | 5.29 | 5.255 | 1.82 | Bearish | Jan 29, 2023 | MSCI Vietnam | -0.89% |
| Economic Risk | Socioeconomic Risk | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Population Growth Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 97 | -5 | 109 | -5 | 6.3 | -1 | 1 | -1 | -2 | 25 | 0 |
| Australia | 4.1 | -1 | 7 | -2 | 3.5 | -1 | -1 | 30 | -1 | ||
| Austria | 3.75 | -1 | 8.8 | -3 | 5.9 | -1 | 0 | 24 | 0 | ||
| Belgium | 3.75 | -1 | 5.2 | -2 | 5.6 | -1 | 0 | 25 | 0 | ||
| Brazil | 13.75 | -3 | 3.94 | -1 | 8.5 | -2 | 0 | -1 | -2 | 34 | -2 |
| Canada | 4.75 | -1 | 4.4 | -2 | 5.2 | -1 | 0 | 26.5 | -1 | ||
| Chile | 11.25 | -2 | 8.7 | -3 | 8.7 | -2 | 1 | -1 | 27 | -1 | |
| China | 3.65 | -1 | 0.2 | 0 | 5.2 | -1 | -1 | -1 | 25 | 0 | |
| Colombia | 13.25 | -3 | 12.36 | -3 | 10.7 | -2 | 1 | -1 | -2 | 35 | -2 |
| Czech Republic | 7 | -2 | 12.7 | -3 | 3.5 | -1 | -2 | -1 | -1 | 19 | 0 |
| Denmark | 2.85 | 0 | 5.3 | -2 | 2.4 | 0 | 0 | 2 | 22 | 0 | |
| Egypt | 18.25 | -3 | 32.7 | -5 | 7.1 | -1 | 2 | -3 | 22.5 | 0 | |
| Finland | 3.75 | -1 | 7.9 | -2 | 7.9 | -1 | -1 | 2 | 20 | 0 | |
| France | 3.75 | -1 | 5.1 | -2 | 7.1 | -1 | -1 | 25 | 0 | ||
| Germany | 3.75 | -1 | 6.1 | -2 | 5.6 | -1 | -1 | 1 | 30 | -1 | |
| Greece | 3.75 | -1 | 2.8 | -1 | 11.2 | -2 | -2 | -1 | 22 | 0 | |
| Hong Kong | 5.5 | -1 | 2.1 | -1 | 3 | -1 | -2 | 1 | 16.5 | 0 | |
| Hungary | 13 | -3 | 21.5 | -4 | 4 | -1 | -2 | -2 | 9 | 2 | |
| India | 6.5 | -2 | 4.7 | -2 | 7.8 | -1 | 1 | -2 | 34.94 | -2 | |
| Indonesia | 5.75 | -1 | 4 | -1 | 5.45 | -1 | 0 | -3 | 22 | 0 | |
| Ireland | 3.75 | -1 | 6.6 | -2 | 3.8 | -1 | 1 | 1 | 12.5 | 1 | |
| Israel | 4.75 | -1 | 5 | -2 | 3.6 | -1 | 2 | 23 | 0 | ||
| Italy | 3.75 | -1 | 7.6 | -2 | 7.8 | -1 | -2 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | 3.5 | -1 | 2.6 | 0 | -2 | 30.62 | -2 | ||
| Korea, South | 3.5 | -1 | 3.3 | -1 | 2.6 | 0 | -2 | 27.5 | -1 | ||
| Malaysia | 3 | -1 | 3.3 | -1 | 3.5 | -1 | 1 | -1 | -1 | 24 | 0 |
| Mexico | 11.25 | -2 | 5.84 | -2 | 2.8 | 0 | 0 | -1 | -3 | 30 | -1 |
| Netherlands | 3.75 | -1 | 6.1 | -2 | 3.4 | -1 | 0 | 1 | 25.8 | -1 | |
| New Zealand | 5.5 | -1 | 6.7 | -2 | 3.4 | -1 | 0 | 2 | 28 | -1 | |
| Norway | 3.25 | -1 | 6.7 | -2 | 3.5 | -1 | 0 | 1 | 37.4 | -2 | |
| Pakistan | 21 | -3 | 38 | -5 | 6.5 | -1 | 2 | -3 | 29 | -1 | |
| Peru | 7.75 | -2 | 7.9 | -2 | 7.1 | -1 | 1 | -1 | -3 | 29.5 | -1 |
| Philippines | 6.25 | -2 | 6.1 | -2 | 4.5 | -1 | 2 | -1 | -3 | 25 | 0 |
| Poland | 6.75 | -2 | 13 | -3 | 5.2 | -1 | -2 | -1 | 19 | 0 | |
| Portugal | 3.75 | -1 | 4 | -1 | 7.2 | -1 | -1 | 21 | 0 | ||
| Qatar | 6 | -1 | 3.68 | -1 | 0.1 | -1 | -2 | 10 | 1 | ||
| Singapore | 3.9 | -1 | 5.7 | -2 | 1.8 | 0 | -2 | 1 | 17 | 0 | |
| South Africa | 8.25 | -2 | 6.8 | -2 | 32.9 | -5 | 1 | -1 | -2 | 27 | -1 |
| Spain | 3.75 | -1 | 3.2 | -1 | 13.26 | -2 | -1 | 25 | 0 | ||
| Sweden | 3.5 | -1 | 10.5 | -3 | 7.5 | -1 | 0 | 1 | 20.6 | 0 | |
| Switzerland | 1.5 | 0 | 2.2 | -1 | 1.9 | 0 | 1 | 1 | 14.93 | 1 | |
| Taiwan | 1.88 | 0 | 2.02 | -1 | 3.56 | -1 | -1 | 20 | 0 | ||
| Thailand | 2 | 0 | 2 | 0 | 1.05 | 0 | -1 | -3 | 20 | 0 | |
| Turkey | 8.5 | -2 | 39.59 | -5 | 10.2 | -2 | 1 | -1 | -3 | 23 | 0 |
| United Arab Emirates | 5.15 | -1 | 3.27 | -1 | 2.75 | 0 | 1 | 0 | -1 | ||
| United Kingdom | 4.5 | -1 | 8.7 | -3 | 3.9 | -1 | 0 | 19 | 0 | ||
| United States | 5.25 | -1 | 4.9 | -2 | 3.7 | -1 | 0 | 21 | 0 | ||
| Vietnam | 5 | -1 | 2.43 | -1 | 2.25 | 0 | 1 | -2 | 20 | 0 | |
| Sovereign Risk | Political Risk | Conflict Risk | Extraordinary Event Risks | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Average Credit Ratings | Average Credit Ratings Score | Government Debt as % of GDP | Debt Score | Political Stability | Government Friendly to Business | Trade Dispute Cases on WTO/Trade Wars | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.12 | Territorial Disputes/ Wars | Internal Conflict/ Terrorism | Natural Disasters, Banking Crisis, Political Crisis, etc | Total Score | % Modifier |
| Argentina | 15 | -4 | 85 | -2 | 2 | -1 | -1 | -1 | -20 | 70.00% | |||
| Australia | 100 | 2 | 22.3 | 1 | 2 | -1 | -1 | 0 | 0 | -3 | 10.00% | ||
| Austria | 96 | 1 | 78.4 | -1 | 1 | -3 | 0 | 0 | -7 | 30.00% | |||
| Belgium | 87 | 0 | 105 | -2 | 1 | -3 | 0 | -1 | -9 | 30.00% | |||
| Brazil | 42 | -2 | 72.87 | -1 | 2 | -1 | -1 | 0 | -14 | 50.00% | |||
| Canada | 100 | 2 | 113 | -3 | 1 | 1 | -1 | -1 | 0 | 0 | -6 | 20.00% | |
| Chile | 75 | -1 | 38 | 0 | 1 | -1 | -1 | 0 | -10 | 40.00% | |||
| China | 80 | -1 | 76.9 | -1 | 2 | -1 | -2 | -1 | -1 | 0 | -9 | 30.00% | |
| Colombia | 55 | -1 | 61.1 | -1 | 1 | -1 | -1 | -15 | 50.00% | ||||
| Czech Republic | 85 | 0 | 44.1 | 0 | 1 | -3 | 0 | 0 | -12 | 40.00% | |||
| Denmark | 100 | 2 | 30.1 | 0 | 1 | -2 | 0 | -2 | -1 | 0.00% | |||
| Egypt | 28 | -3 | 87.2 | -2 | 2 | -1 | -1 | -15 | 50.00% | ||||
| Finland | 96 | 1 | 73 | -1 | 1 | -3 | 0 | 0 | -5 | 20.00% | |||
| France | 92 | 0 | 112 | -3 | 1 | -3 | 0 | -1 | -11 | 40.00% | |||
| Germany | 100 | 2 | 66.3 | -1 | 1 | -3 | 0 | -1 | -7 | 30.00% | |||
| Greece | 46 | -2 | 171 | -5 | 2 | 1 | -3 | -1 | -1 | -16 | 60.00% | ||
| Hong Kong | 90 | 0 | 0 | 2 | -1 | 0 | -1 | -4 | 10.00% | ||||
| Hungary | 60 | -1 | 73.3 | -1 | 2 | -2 | 0 | 0 | -12 | 40.00% | |||
| India | 56 | -1 | 89.26 | -2 | 2 | -2 | -1 | -1 | -13 | 50.00% | |||
| Indonesia | 60 | -1 | 40.9 | 0 | 2 | -1 | -1 | -1 | -1 | -9 | 30.00% | ||
| Ireland | 82 | 0 | 44.7 | 0 | 1 | -3 | -1 | 0 | -1 | -5 | 20.00% | ||
| Israel | 81 | 0 | 60.9 | -1 | 1 | -1 | -1 | -4 | 10.00% | ||||
| Italy | 62 | -1 | 145 | -4 | 1 | -3 | 0 | -1 | -15 | 50.00% | |||
| Japan | 77 | -1 | 262 | -5 | 2 | -1 | -1 | -2 | -14 | 50.00% | |||
| Korea, South | 86 | 0 | 49.6 | 0 | 2 | -1 | -1 | -1 | 0 | -6 | 20.00% | ||
| Malaysia | 68 | -1 | 60.4 | -1 | 1 | -1 | -1 | -7 | 30.00% | ||||
| Mexico | 60 | -1 | 49.6 | 0 | 2 | -1 | -1 | 0 | 0 | -10 | 40.00% | ||
| Netherlands | 98 | 1 | 51 | -1 | 1 | -3 | 0 | 0 | -6 | 20.00% | |||
| New Zealand | 95 | 1 | 35.9 | 0 | 2 | -1 | 0 | 0 | -1 | 0.00% | |||
| Norway | 100 | 2 | 37.4 | 0 | 1 | 0 | 0 | -2 | 0.00% | ||||
| Pakistan | 21 | -4 | 84 | -2 | 2 | -1 | -1 | -17 | 60.00% | ||||
| Peru | 61 | -1 | 36 | 0 | 1 | -1 | 0 | -1 | -11 | 40.00% | |||
| Philippines | 61 | -1 | 60.9 | -1 | 2 | -1 | -1 | -9 | 30.00% | ||||
| Poland | 71 | -1 | 49.1 | 0 | 1 | -3 | 0 | 0 | -12 | 40.00% | |||
| Portugal | 72 | -1 | 114 | -3 | 2 | -3 | 0 | 0 | -9 | 30.00% | |||
| Qatar | 86 | 0 | 46.9 | 0 | 2 | 0 | 0 | -2 | 0.00% | ||||
| Singapore | 100 | 2 | 160 | -4 | 2 | 1 | -1 | -1 | -5 | 20.00% | |||
| South Africa | 41 | -2 | 67.4 | -1 | 2 | 0 | 0 | -13 | 50.00% | ||||
| Spain | 71 | -1 | 113 | -3 | 1 | -3 | -1 | -1 | -13 | 50.00% | |||
| Sweden | 100 | 2 | 33 | 0 | 1 | -3 | 0 | 0 | -4 | 10.00% | |||
| Switzerland | 100 | 2 | 41.4 | 0 | 2 | 0 | 0 | 6 | -15.00% | ||||
| Taiwan | 90 | 0 | 24.9 | 1 | 2 | -1 | 0 | -1 | 0.00% | ||||
| Thailand | 65 | -1 | 60.96 | -1 | 2 | -1 | -1 | -6 | 20.00% | ||||
| Turkey | 28 | -3 | 31.7 | 0 | 2 | -1 | -2 | -1 | -17 | 60.00% | |||
| United Arab Emirates | 90 | 0 | 38.3 | 0 | 2 | -2 | -1 | -3 | 10.00% | ||||
| United Kingdom | 87 | 0 | 101 | -2 | 2 | -2 | -1 | -1 | -9 | 30.00% | |||
| United States | 98 | 1 | 129 | -3 | 1 | -2 | 0 | -1 | -8 | 30.00% | |||
| Vietnam | 45 | -2 | 39.6 | 0 | 2 | -1 | 0 | -4 | 10.00% | ||||
Notes
No Natural disasters this month
.
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % May 31 2023 |
|---|---|---|---|
| Pakistan | 0.59 | Bearish | -16.12% |
| Argentina | 0.68 | Bullish | 16.77% |
| Colombia | 0.75 | Bearish | -16.30% |
| Hungary | 0.81 | Bullish | 7.33% |
| Austria | 0.84 | Bearish | -4.68% |
| Poland | 1 | Bullish | 8.11% |
| Hong Kong SAR | 1.02 | Bearish | -12.87% |
| Korea, South | 1.02 | Bullish | 13.90% |
| Italy | 1.13 | Bullish | 6.78% |
| Greece | 1.14 | Bullish | 28.89% |
| Spain | 1.16 | Bullish | 9.12% |
| Chile | 1.2 | Bullish | 2.95% |
| Malaysia | 1.33 | Bullish | -8.64% |
| Japan | 1.34 | Bullish | 9.88% |
| Germany | 1.36 | Bullish | 8.03% |
| Singapore | 1.36 | Bullish | -1.92% |
| Turkey | 1.36 | Bullish | -10.89% |
| Brazil | 1.4 | Bullish | 3.75% |
| Belgium | 1.44 | Bullish | -6.37% |
| United Arab Emirates | 1.47 | Bearish | -7.74% |
| Peru | 1.49 | Bullish | -2.12% |
| Czech Republic | 1.51 | Bearish | 18.22% |
| Norway | 1.51 | Bullish | -6.07% |
| China | 1.54 | Bearish | -10.91% |
| Qatar | 1.6 | Bullish | -8.17% |
| South Africa | 1.6 | Bearish | -13.71% |
| Israel | 1.62 | Bearish | -5.37% |
| United Kingdom | 1.63 | Bearish | -1.99% |
| Canada | 1.8 | Bullish | 1.81% |
| Ireland | 1.81 | Bullish | 15.19% |
| Philippines | 1.81 | Bullish | -7.18% |
| Thailand | 1.82 | Bearish | -9.02% |
| Vietnam | 1.82 | Bearish | -0.89% |
| France | 1.84 | Bullish | 7.35% |
| Finland | 1.89 | Bearish | -11.08% |
| Mexico | 1.94 | Bullish | 18.82% |
| Sweden | 1.94 | Bullish | 5.09% |
| Australia | 2.1 | Bullish | -1.91% |
| Portugal | 2.1 | Bullish | -5.90% |
| Egypt | 2.25 | Bearish | 21.67% |
| Taiwan | 2.27 | Bullish | 17.94% |
| Indonesia | 2.42 | Bullish | 9.57% |
| New Zealand | 2.91 | Bearish | 3.17% |
| Netherlands | 3 | Bullish | 12.97% |
| Switzerland | 3.14 | Bearish | 2.55% |
| India | 3.44 | Bullish | -0.04% |
| United States | 4.06 | Bearish | 9.51% |
| Denmark | 5.42 | Bullish | 10.24% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % May 31 2023 |
|---|---|---|---|
| Pakistan | 0.148 | Bearish | -16.12% |
| Colombia | 0.351 | Bearish | -16.30% |
| Brazil | 0.359 | Bullish | 3.75% |
| Chile | 0.450 | Bullish | 2.95% |
| Turkey | 0.514 | Bullish | -10.89% |
| United Arab Emirates | 0.754 | Bearish | -7.74% |
| Austria | 0.769 | Bearish | -4.68% |
| Qatar | 0.933 | Bullish | -8.17% |
| Norway | 0.934 | Bullish | -6.07% |
| Italy | 1.057 | Bullish | 6.78% |
| Spain | 1.242 | Bullish | 9.12% |
| Indonesia | 1.352 | Bullish | 9.57% |
| Czech Republic | 1.384 | Bearish | 18.22% |
| Malaysia | 1.603 | Bullish | -8.64% |
| Israel | 1.634 | Bearish | -5.37% |
| Argentina | 1.723 | Bullish | 16.77% |
| Egypt | 1.760 | Bearish | 21.67% |
| Greece | 1.763 | Bullish | 28.89% |
| Mexico | 1.906 | Bullish | 18.82% |
| Australia | 1.935 | Bullish | -1.91% |
| Hungary | 1.936 | Bullish | 7.33% |
| Philippines | 2.018 | Bullish | -7.18% |
| Poland | 2.023 | Bullish | 8.11% |
| South Africa | 2.134 | Bearish | -13.71% |
| Canada | 2.160 | Bullish | 1.81% |
| China | 2.319 | Bearish | -10.91% |
| Peru | 2.502 | Bullish | -2.12% |
| Portugal | 2.509 | Bullish | -5.90% |
| Finland | 2.593 | Bearish | -11.08% |
| United Kingdom | 2.823 | Bearish | -1.99% |
| India | 3.450 | Bullish | -0.04% |
| Singapore | 3.627 | Bullish | -1.92% |
| Thailand | 3.627 | Bearish | -9.02% |
| Hong Kong SAR | 3.875 | Bearish | -12.87% |
| Sweden | 4.019 | Bullish | 5.09% |
| France | 4.153 | Bullish | 7.35% |
| Korea, South | 4.391 | Bullish | 13.90% |
| Japan | 4.499 | Bullish | 9.88% |
| Switzerland | 4.934 | Bearish | 2.55% |
| Denmark | 4.980 | Bullish | 10.24% |
| Vietnam | 5.255 | Bearish | -0.89% |
| Belgium | 5.299 | Bullish | -6.37% |
| Germany | 5.543 | Bullish | 8.03% |
| New Zealand | 5.712 | Bearish | 3.17% |
| Netherlands | 6.722 | Bullish | 12.97% |
| United States | 6.884 | Bearish | 9.51% |
| Taiwan | 12.947 | Bullish | 17.94% |
| Ireland | 12.979 | Bullish | 15.19% |
| Country | PE/Total Return | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % May 31 2023 |
|---|---|---|---|---|---|---|---|
| Pakistan | 0.148 | 60.00% | 0.09 | 0.237 | Bearish | Feb 26, 2023 | -16.12% |
| Colombia | 0.351 | 50.00% | 0.18 | 0.527 | Bearish | May 28, 2023 | -16.30% |
| Brazil | 0.359 | 50.00% | 0.18 | 0.538 | Bullish | Dec 18, 2022 | 3.75% |
| Chile | 0.450 | 40.00% | 0.18 | 0.630 | Bullish | May 7, 2023 | 2.95% |
| Turkey | 0.514 | 60.00% | 0.31 | 0.822 | Bullish | May 28, 2023 | -10.89% |
| United Arab Emirates | 0.754 | 10.00% | 0.08 | 0.830 | Bearish | Dec 4, 2022 | -7.74% |
| Qatar | 0.933 | 0.00% | 0.00 | 0.933 | Bullish | April 30, 2023 | -8.17% |
| Norway | 0.934 | 0.00% | 0.00 | 0.934 | Bullish | Mar 26, 2022 | -6.07% |
| Austria | 0.769 | 30.00% | 0.23 | 1.000 | Bearish | Mar 13 2023 | -4.68% |
| Italy | 1.057 | 50.00% | 0.53 | 1.586 | Bullish | Mar 26, 2023 | 6.78% |
| Indonesia | 1.352 | 30.00% | 0.41 | 1.758 | Bullish | Jan 15, 2023 | 9.57% |
| Israel | 1.634 | 10.00% | 0.16 | 1.797 | Bearish | Nov 13, 2022 | -5.37% |
| Spain | 1.242 | 50.00% | 0.62 | 1.863 | Bullish | Mar 26, 2023 | 9.12% |
| Czech Republic | 1.384 | 40.00% | 0.55 | 1.938 | Bearish | May 14, 2023 | 18.22% |
| Malaysia | 1.603 | 30.00% | 0.48 | 2.084 | Bullish | Nov 6, 2022 | -8.64% |
| Australia | 1.935 | 10.00% | 0.19 | 2.129 | Bullish | Nov 6, 2022 | -1.91% |
| Canada | 2.160 | 20.00% | 0.43 | 2.592 | Bullish | Mar 26, 2023 | 1.81% |
| Philippines | 2.018 | 30.00% | 0.61 | 2.623 | Bullish | Jan 8, 2023 | -7.18% |
| Egypt | 1.760 | 50.00% | 0.88 | 2.640 | Bearish | May 14, 2023 | 21.67% |
| Mexico | 1.906 | 40.00% | 0.76 | 2.669 | Bullish | Mar 19, 2023 | 18.82% |
| Hungary | 1.936 | 40.00% | 0.77 | 2.710 | Bullish | Apr 2, 2023 | 7.33% |
| Greece | 1.763 | 60.00% | 1.06 | 2.821 | Bullish | May 21, 2023 | 28.89% |
| Poland | 2.023 | 40.00% | 0.81 | 2.832 | Bullish | Mar 26, 2023 | 8.11% |
| Argentina | 1.723 | 70.00% | 1.21 | 2.928 | Bullish | May 7 2023 | 16.77% |
| China | 2.319 | 30.00% | 0.70 | 3.015 | Bearish | Jan 30, 2022 | -10.91% |
| Finland | 2.593 | 20.00% | 0.52 | 3.111 | Bearish | Sep 18, 2022 | -11.08% |
| South Africa | 2.134 | 50.00% | 1.07 | 3.201 | Bearish | May 7, 2023 | -13.71% |
| Portugal | 2.509 | 30.00% | 0.75 | 3.262 | Bullish | Mar 26, 2023 | -5.90% |
| Peru | 2.502 | 40.00% | 1.00 | 3.503 | Bullish | May 28, 2023 | -2.12% |
| United Kingdom | 2.823 | 30.00% | 0.85 | 3.669 | Bearish | Mar 12, 2023 | -1.99% |
| Switzerland | 4.934 | -15.00% | -0.74 | 4.194 | Bearish | June 12, 2022 | 2.55% |
| Hong Kong SAR | 3.875 | 10.00% | 0.39 | 4.263 | Bearish | Mar 5, 2022 | -12.87% |
| Singapore | 3.627 | 20.00% | 0.73 | 4.352 | Bullish | Oct 23, 2022 | -1.92% |
| Thailand | 3.627 | 20.00% | 0.73 | 4.352 | Bearish | May 14, 2023 | -9.02% |
| Sweden | 4.019 | 10.00% | 0.40 | 4.421 | Bullish | Mar 26, 2023 | 5.09% |
| Denmark | 4.980 | 0.00% | 0.00 | 4.980 | Bullish | Oct 23, 2022 | 10.24% |
| India | 3.450 | 50.00% | 1.73 | 5.175 | Bullish | July 17, 2022 | -0.04% |
| Korea, South | 4.391 | 20.00% | 0.88 | 5.270 | Bullish | Oct 2, 2022 | 13.90% |
| New Zealand | 5.712 | 0.00% | 0.00 | 5.712 | Bearish | May 21, 2023 | 3.17% |
| Vietnam | 5.255 | 10.00% | 0.53 | 5.781 | Bearish | Jan 29, 2023 | -0.89% |
| France | 4.153 | 40.00% | 1.66 | 5.814 | Bullish | Jan 1, 2023 | 7.35% |
| Japan | 4.499 | 50.00% | 2.25 | 6.748 | Bullish | Nov 6, 2022 | 9.88% |
| Belgium | 5.299 | 30.00% | 1.59 | 6.889 | Bullish | Mar 13, 2022 | -6.37% |
| Germany | 5.543 | 30.00% | 1.66 | 7.205 | Bullish | Mar 26, 2023 | 8.03% |
| Netherlands | 6.722 | 20.00% | 1.34 | 8.066 | Bullish | Jan 1, 2023 | 12.97% |
| United States | 6.884 | 30.00% | 2.07 | 8.950 | Bearish | Mar 5, 2023 | 9.51% |
| Taiwan | 12.947 | 0.00% | 0.00 | 12.947 | Bullish | Nov 6, 2022 | 17.94% |
| Ireland | 12.979 | 20.00% | 2.60 | 15.575 | Bullish | Mar 26, 2023 | 15.19% |
| Country | 2023 Real GDP Projected Annual Growth Rate % | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Feb 28 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 2.0 | 1.86 | 4.54 | 3.86 | 1.176 | 0.68 | Bullish | Feb 27 2023 | MSCI Argentina | 17.94% |
| Australia | 1.6 | 4.67 | 15.08 | 6.27 | 2.405 | 2.21 | Bullish | Nov 6, 2022 | MSCI Australia USD | 3.42% |
| Austria | 1.0 | 4.37 | 7.72 | 5.37 | 1.438 | 1.08 | Bullish | Oct 23, 2022 | MSCI Austria | 12.74% |
| Belgium | 0.4 | 2.15 | 22.84 | 2.55 | 8.957 | 1.6 | Bullish | Mar 13, 2022 | MSCI Belgium | 3.05% |
| Brazil | 1.2 | 13.04 | 5.33 | 14.24 | 0.374 | 1.46 | Bullish | Dec 18, 2022 | MSCI Brazil Net USD | -0.04% |
| Canada | 1.5 | 3.21 | 13.49 | 4.71 | 2.864 | 1.88 | Bullish | Oct 23, 2022 | MSCI Canada Net USD | 4.53% |
| Chile | -1.0 | 7.83 | 5.69 | 6.83 | 0.833 | 1.29 | Bullish | Jan 22, 2023 | MSCI Chile Net USD | 9.48% |
| China | 5.2 | 2.17 | 15.47 | 7.37 | 2.099 | 1.54 | Bullish | Oct 30, 2022 | MSCI China Net USD | -1.85% |
| Colombia | 2.2 | 8.50 | 5.54 | 10.70 | 0.518 | 0.92 | Bearish | Feb 5, 2023 | MSCI Colombia | -11.83% |
| Czech Republic | 2.2 | 6.98 | 9.11 | 9.18 | 0.992 | 2.66 | Bullish | Jan 22, 2023 | MSCI Czech Republic Net USD | 25.56% |
| Denmark | 0.6 | 1.72 | 18.13 | 2.32 | 7.815 | 4.92 | Bullish | Oct 23, 2022 | MSCI Denmark | 3.89% |
| Egypt | 4.0 | 2.31 | 10.98 | 6.31 | 1.740 | 2.41 | Bearish | Feb 12, 2023 | MSCI Egypt | 23.70% |
| Finland | 0.5 | 3.56 | 10.74 | 4.06 | 2.645 | 2.08 | Bearish | Sep 18, 2022 | MSCI Finland | -1.79% |
| France | 0.7 | 2.62 | 15.91 | 3.32 | 4.792 | 1.95 | Bullish | Jan 1, 2023 | MSCI France | 9.76% |
| Germany | 0.1 | 3.43 | 13.12 | 3.53 | 3.717 | 1.42 | Bullish | Nov 6, 2022 | MSCI Germany | 9.30% |
| Greece | 1.8 | 1.81 | 11.24 | 3.61 | 3.114 | 1.18 | Bullish | Feb 5, 2023 | MSCI Greece | 22.50% |
| Hong Kong SAR | 3.9 | 3.41 | 19.14 | 7.31 | 2.618 | 1.11 | Bullish | Oct 30, 2022 | MSCI Hong Kong | -4.46% |
| Hungary | 1.8 | 1.59 | 4.27 | 3.39 | 1.260 | 0.76 | Bullish | Oct 2, 2022 | MSCI Hungary | 2.96% |
| India | 6.1 | 1.37 | 23.38 | 7.47 | 3.130 | 3.3 | Bullish | July 17, 2022 | MSCI India Net USD | -7.82% |
| Indonesia | 4.8 | 3.03 | 13.78 | 7.83 | 1.760 | 2.41 | Bullish | Jan 15, 2023 | MSCI Indonesia USD | 2.57% |
| Ireland | 4.0 | 1.43 | 18.10 | 5.43 | 3.333 | 1.78 | Bullish | Oct 23, 2022 | MSCI Ireland | 12.65% |
| Israel | 3.0 | 4.07 | 8.31 | 7.07 | 1.175 | 1.66 | Bearish | Nov 13, 2022 | MSCI Israel | 0.05% |
| Italy | 0.6 | 4.64 | 7.55 | 5.24 | 1.441 | 1.19 | Bullish | Oct 23, 2022 | MSCI Italy | 11.85% |
| Japan | 1.8 | 2.53 | 15.56 | 4.33 | 3.594 | 1.28 | Bullish | Nov 6, 2022 | MSCI Japan USD | 3.38% |
| Korea, South | 1.7 | 2.32 | 8.89 | 4.02 | 2.211 | 0.93 | Bullish | Oct 2, 2022 | MSCI Korea USD | 4.64% |
| Malaysia | 4.4 | 3.84 | 15.93 | 8.24 | 1.933 | 1.44 | Bullish | Nov 6, 2022 | MSCI Malaysia USD | -3.22% |
| Mexico | 1.7 | 3.82 | 13.05 | 5.52 | 2.364 | 1.97 | Bullish | Jan 1, 2023 | MSCI Mexico USD | 15.40% |
| Netherlands | 0.6 | 1.98 | 25.88 | 2.58 | 10.031 | 2.92 | Bullish | Jan 1, 2023 | MSCI Netherlands | 9.55% |
| New Zealand | 1.9 | 2.28 | 40.83 | 4.18 | 9.768 | 3.1 | Bullish | July 3, 2022 | MSCI New Zealand | 5.69% |
| Norway | 2.6 | 4.93 | 6.70 | 7.53 | 0.890 | 1.75 | Bearish | Sep 18, 2022 | MSCI Norway | 0.93% |
| Pakistan | 2.0 | 4.51 | 3.00 | 6.51 | 0.461 | 0.5 | Bullish | Feb 26, 2023 | MSCI Pakistan Net USD | -11.11% |
| Peru | 2.6 | 4.05 | 10.76 | 6.65 | 1.618 | 1.64 | Bullish | Feb 26, 2023 | MSCI Peru | 1.51% |
| Philippines | 5.0 | 1.90 | 18.53 | 6.90 | 2.686 | 1.89 | Bearish | Jan 8, 2023 | MSCI Philippines USD | -5.45% |
| Poland | 0.3 | 3.63 | 6.11 | 3.93 | 1.555 | 0.98 | Bearish | Feb 5, 2023 | MSCI Poland USD | 2.04% |
| Portugal | 0.7 | 3.42 | 25.64 | 4.12 | 6.223 | 2.75 | Bearish | Aug 28, 2022 | MSCI Portugal | -3.77% |
| Qatar | 2.4 | 4.33 | 12.85 | 6.73 | 1.909 | 1.64 | Bullish | Jan 1, 2023 | MSCI Qatar | -3.34% |
| Singapore | 2.3 | 3.88 | 20.79 | 6.18 | 3.364 | 1.43 | Bullish | Oct 23, 2022 | MSCI Singapore | 2.09% |
| South Africa | 1.2 | 4.07 | 10.89 | 5.27 | 2.066 | 1.73 | Bearish | Feb 5, 2023 | MSCI South Africa USD | -3.75% |
| Spain | 1.1 | 3.49 | 10.27 | 4.59 | 2.237 | 1.21 | Bullish | Oct 23, 2022 | MSCI Spain | 12.88% |
| Sweden | -0.1 | 3.05 | 26.44 | 2.95 | 8.963 | 2.01 | Bearish | Feb 5, 2023 | MSCI Sweden | 8.06% |
| Switzerland | 0.8 | 3.02 | 18.52 | 3.82 | 4.848 | 3.17 | Bearish | June 12, 2022 | MSCI Switzerland | 1.56% |
| Taiwan | 2.1 | 4.27 | 11.20 | 6.39 | 1.753 | 2.17 | Bullish | Nov 6, 2022 | MSCI Taiwan USD | 11.40% |
| Thailand | 3.7 | 2.53 | 22.17 | 6.23 | 3.559 | 1.99 | Bullish | June 31, 2022 | MSCI Thailand USD | -6.95% |
| Turkey | 3.0 | 3.10 | 4.69 | 6.10 | 0.769 | 1.55 | Bullish | Feb 12, 2023 | MSCI Turkey | -4.28% |
| United Arab Emirates | 4.2 | 3.60 | 10.15 | 7.80 | 1.301 | 1.66 | Bearish | Dec 4, 2022 | MSCI UAE Gross USD | -3.17% |
| United Kingdom | -0.6 | 3.69 | 11.29 | 3.09 | 3.654 | 1.74 | Bullish | Oct 30, 2022 | MSCI UK | 4.09% |
| United States | 1.4 | 1.67 | 20.83 | 3.07 | 6.785 | 3.9 | Bullish | Oct 16, 2022 | MSCI USA USD | 4.21% |
| Vietnam | 6.2 | 2.07 | 17.41 | 8.27 | 2.105 | 1.78 | Bearish | Jan 29, 2023 | MSCI Vietnam | -4.11% |
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Balanced Economy Score | Population Growth Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 75 | -5 | 98.8 | -5 | 7.1 | -1 | 1 | 0 | 1 | -1 | -2 | 25 | 0 |
| Australia | 3.6 | -1 | 7.8 | -2 | 3.7 | -1 | 2.3 | -1 | 2 | 30 | -1 | ||
| Austria | 3 | -1 | 11 | -3 | 7 | -1 | -0.5 | 0 | 0 | 25 | 0 | ||
| Belgium | 3 | -1 | 6.62 | -2 | 5.8 | -1 | -0.4 | 0 | 0 | 25 | 0 | ||
| Brazil | 13.75 | -3 | 5.6 | -2 | 7.9 | -1 | -1.8 | -1 | 0 | -1 | 34 | -2 | |
| Canada | 4.5 | -1 | 5.9 | -2 | 5 | -1 | 0.1 | 0 | 1 | 26.5 | -1 | ||
| Chile | 11.25 | -2 | 11.9 | -3 | 8 | -2 | -6.6 | -2 | 1 | -1 | -1 | 27 | -1 |
| China | 3.65 | -1 | 1 | 0 | 5.5 | -1 | 2.3 | -1 | -1 | -1 | 25 | 0 | |
| Colombia | 12.75 | -3 | 13.28 | -3 | 13.7 | -2 | -5.7 | -2 | 1 | -1 | -2 | 35 | -2 |
| Czech Republic | 7 | -2 | 16.7 | -4 | 3.9 | -1 | -0.8 | 0 | -1 | -1 | -1 | 19 | 0 |
| Denmark | 2.1 | 0 | 7.6 | -2 | 2.3 | 0 | 8.8 | -2 | -1 | 2 | 22 | 0 | |
| Egypt | 16.25 | -3 | 31.9 | -4 | 7.2 | -1 | -4.6 | -1 | 2 | -3 | 22.5 | 0 | |
| Finland | 3 | -1 | 8.4 | -3 | 7.6 | -1 | 0.9 | 0 | -1 | 1 | 20 | 0 | |
| France | 3 | -1 | 6.2 | -2 | 7.2 | -1 | 0.4 | 0 | -1 | 26.5 | -1 | ||
| Germany | 3 | -1 | 8.7 | -3 | 5.5 | -1 | 7.4 | -2 | -1 | 1 | 30 | -1 | |
| Greece | 3 | -1 | 7 | -2 | 10.8 | -2 | -5.9 | -2 | -2 | -1 | 22 | 0 | |
| Hong Kong | 5 | -1 | 2.4 | -1 | 3.4 | -1 | 11.2 | -3 | -2 | 1 | 16.5 | 0 | |
| Hungary | 13 | -3 | 25.4 | -4 | 4 | -1 | -2.9 | -1 | -2 | -2 | 9 | 2 | |
| India | 6.5 | -2 | 6.52 | -2 | 7.1 | -1 | -1.2 | 0 | 1 | -2 | 34.94 | -2 | |
| Indonesia | 5.75 | -1 | 5.47 | -2 | 5.86 | -1 | 1 | 0 | 1 | -3 | 22 | 0 | |
| Ireland | 3 | -1 | 7.8 | -2 | 4.3 | -1 | 13.9 | -3 | 1 | 1 | 12.5 | 1 | |
| Israel | 4.25 | -1 | 5.4 | -2 | 4.3 | -1 | 4.7 | -1 | 2 | 23 | 0 | ||
| Italy | 3 | -1 | 9.2 | -3 | 7.9 | -1 | 2.5 | -1 | -2 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | 3.7 | -1 | 2.6 | 0 | 4 | -1 | -2 | 30.62 | -2 | ||
| Korea, South | 3.5 | -1 | 4.8 | -2 | 2.9 | 0 | 4.9 | -1 | -1 | 27.5 | -1 | ||
| Malaysia | 2.75 | 0 | 3.7 | -1 | 3.6 | -1 | 2.6 | -1 | 2 | -1 | -1 | 24 | 0 |
| Mexico | 11 | -2 | 7.62 | -2 | 3 | -1 | -0.9 | 0 | 1 | -1 | -3 | 30 | -1 |
| Netherlands | 3 | -1 | 8 | -2 | 3.6 | -1 | 9 | -2 | 0 | 1 | 25.8 | -1 | |
| New Zealand | 4.75 | -1 | 7.2 | -2 | 3.4 | -1 | -6.5 | -2 | 2 | 2 | 28 | -1 | |
| Norway | 2.75 | 0 | 6.3 | -2 | 3.1 | -1 | 15 | -3 | 0 | 1 | 22 | 0 | |
| Pakistan | 20 | -3 | 31.5 | -4 | 6.5 | -1 | -4.6 | -1 | 2 | -4 | 29 | -1 | |
| Peru | 7.75 | -2 | 8.65 | -3 | 8 | -2 | -2.9 | -1 | 2 | -1 | -3 | 29.5 | -1 |
| Philippines | 6 | -1 | 8.6 | -3 | 4.8 | -1 | -1.8 | -1 | 2 | -1 | -3 | 25 | 0 |
| Poland | 6.75 | -2 | 17.2 | -4 | 5.5 | -1 | -0.7 | 0 | -1 | -1 | 19 | 0 | |
| Portugal | 3 | -1 | 8.2 | -3 | 6.5 | -1 | -1.1 | 0 | -1 | 21 | 0 | ||
| Qatar | 5.5 | -1 | 4.2 | -2 | 0.1 | -1 | 14.7 | -3 | 2 | 10 | 1 | ||
| Singapore | 3.6 | -1 | 6.6 | -2 | 2 | 0 | 19.3 | -3 | -2 | 1 | 17 | 0 | |
| South Africa | 7.25 | -2 | 6.9 | -2 | 32.7 | -5 | -0.5 | 0 | 2 | -1 | -2 | 28 | -1 |
| Spain | 3 | -1 | 6.1 | -2 | 12.87 | -2 | 0.9 | 0 | 0 | 25 | 0 | ||
| Sweden | 3 | -1 | 11.7 | -3 | 7.6 | -1 | 4.3 | -1 | 0 | 1 | 20.6 | 0 | |
| Switzerland | 1 | 1 | 3.4 | -1 | 2.1 | 0 | 9.3 | -2 | 0 | 1 | 14.93 | 1 | |
| Taiwan | 1.5 | 0 | 2.43 | -1 | 3.6 | -1 | 14.8 | -3 | -1 | 20 | 0 | ||
| Thailand | 1.5 | 0 | 3.79 | -1 | 1.15 | 0 | -2.2 | -1 | -1 | -3 | 20 | 0 | |
| Turkey | 8.5 | -2 | 55.18 | -5 | 9.7 | -2 | -1.7 | -1 | 1 | -1 | -3 | 23 | 0 |
| United Arab Emirates | 4.65 | -1 | 4.58 | -2 | 3.9 | -1 | 11.7 | -3 | 1 | 0 | -1 | ||
| United Kingdom | 4 | -1 | 10.1 | -3 | 3.7 | -1 | -2 | -1 | 0 | 19 | 0 | ||
| United States | 4.75 | -1 | 6.4 | -2 | 3.6 | -1 | -3.6 | -1 | 0 | -1 | 21 | 0 | |
| Vietnam | 6 | -1 | 4.31 | -2 | 2.32 | 0 | -0.5 | 0 | 1 | -2 | 20 | 0 | |
| Sovereign Risk | Political Risk | Conflict Risk | Extraordinary Event Risks | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Average Credit Ratings | Average Credit Ratings Score | Government Debt as % of GDP | Debt Score | Political Stability | Government Friendly to Business | Trade Dispute Cases on WTO/Trade Wars | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.12 | Territorial Disputes/ Wars | Internal Conflict/ Terrorism | Natural Disasters, Banking Crisis, Political Crisis, etc | Total Score | % Modifier |
| Argentina | 15 | -4 | 80.5 | -2 | 2 | -1 | -1 | -1 | -20 | 70.00% | |||
| Australia | 100 | 2 | 36.1 | 0 | 2 | -1 | -1 | 0 | 0 | -2 | 0.00% | ||
| Austria | 96 | 1 | 82.8 | -2 | 1 | -3 | 0 | 0 | -8 | 30.00% | |||
| Belgium | 86 | 0 | 108 | -2 | 1 | -3 | 0 | -1 | -9 | 30.00% | |||
| Brazil | 42 | -2 | 80.27 | -2 | 2 | -1 | -1 | 0 | -14 | 50.00% | |||
| Canada | 100 | 2 | 113 | -3 | 1 | 1 | -1 | -1 | 0 | 0 | -5 | 20.00% | |
| Chile | 75 | -1 | 36.3 | 0 | 1 | -1 | -1 | 0 | -13 | 50.00% | |||
| China | 80 | -1 | 76.9 | -1 | 2 | -1 | -2 | -1 | -1 | 0 | -10 | 40.00% | |
| Colombia | 55 | -1 | 61.1 | -1 | 2 | -1 | -1 | -16 | 60.00% | ||||
| Czech Republic | 85 | 0 | 41.9 | 0 | 1 | -3 | 0 | 0 | -12 | 40.00% | |||
| Denmark | 100 | 2 | 36.7 | 0 | 1 | -2 | 0 | -2 | -4 | 10.00% | |||
| Egypt | 31 | -3 | 87.2 | -2 | 2 | -1 | -1 | -15 | 50.00% | ||||
| Finland | 96 | 1 | 72.4 | -1 | 1 | -3 | 0 | 0 | -7 | 30.00% | |||
| France | 92 | 0 | 113 | -3 | 1 | -3 | 0 | -1 | -12 | 40.00% | |||
| Germany | 100 | 2 | 69.3 | -1 | 1 | -3 | 0 | -1 | -10 | 40.00% | |||
| Greece | 45 | -2 | 193 | -5 | 2 | 1 | -3 | -1 | -1 | -19 | 70.00% | ||
| Hong Kong | 90 | 0 | 0 | 2 | -1 | 0 | -1 | -7 | 30.00% | ||||
| Hungary | 60 | -1 | 73.5 | -1 | 2 | -2 | 0 | 0 | -13 | 50.00% | |||
| India | 56 | -1 | 89.26 | -2 | 2 | -2 | -1 | -1 | -13 | 50.00% | |||
| Indonesia | 60 | -1 | 40.9 | 0 | 2 | -1 | -1 | -1 | -1 | -9 | 30.00% | ||
| Ireland | 81 | 0 | 56 | -1 | 1 | -3 | -1 | 0 | -1 | -9 | 30.00% | ||
| Israel | 81 | 0 | 60.9 | -1 | 1 | -1 | -1 | -5 | 20.00% | ||||
| Italy | 62 | -1 | 145 | -4 | 1 | -3 | 0 | -1 | -17 | 60.00% | |||
| Japan | 77 | -1 | 262 | -5 | 1 | -1 | -1 | -2 | -1 | -17 | 60.00% | ||
| Korea, South | 86 | 0 | 46.9 | 0 | 2 | -1 | -1 | -1 | 0 | -7 | 30.00% | ||
| Malaysia | 68 | -1 | 63.3 | -1 | 1 | -1 | -1 | -6 | 20.00% | ||||
| Mexico | 60 | -1 | 49.6 | 0 | 2 | -1 | -1 | 0 | 0 | -10 | 40.00% | ||
| Netherlands | 100 | 2 | 52.4 | -1 | 1 | 1 | -3 | 0 | 0 | -6 | 20.00% | ||
| New Zealand | 95 | 1 | 30.1 | 0 | 2 | -1 | 0 | 0 | -1 | 0.00% | |||
| Norway | 99 | 1 | 43.2 | 0 | 1 | 0 | 0 | -3 | 10.00% | ||||
| Pakistan | 21 | -4 | 84 | -2 | 2 | -1 | -1 | -18 | 60.00% | ||||
| Peru | 61 | -1 | 36 | 0 | 1 | -1 | 0 | -1 | -13 | 50.00% | |||
| Philippines | 61 | -1 | 60.9 | -1 | 2 | -1 | -1 | -10 | 40.00% | ||||
| Poland | 71 | -1 | 53.8 | -1 | 1 | -3 | 0 | 0 | -13 | 50.00% | |||
| Portugal | 72 | -1 | 127 | -3 | 2 | -3 | 0 | 0 | -11 | 40.00% | |||
| Qatar | 85 | 0 | 46.9 | 0 | 2 | 0 | 0 | -2 | 0.00% | ||||
| Singapore | 98 | 1 | 160 | -4 | 2 | 1 | -1 | -1 | -9 | 30.00% | |||
| South Africa | 41 | -2 | 67.4 | -1 | 2 | 0 | 0 | -12 | 40.00% | ||||
| Spain | 71 | -1 | 118 | -3 | 1 | -3 | -1 | -1 | -13 | 50.00% | |||
| Sweden | 99 | 1 | 36.7 | 0 | 1 | -3 | 0 | 0 | -6 | 20.00% | |||
| Switzerland | 100 | 2 | 41.4 | 0 | 2 | 0 | 0 | -1 | 3 | -10.00% | |||
| Taiwan | 90 | 0 | 24.07 | 1 | 2 | -1 | 0 | -4 | 10.00% | ||||
| Thailand | 65 | -1 | 59.61 | -1 | 2 | -1 | -1 | -8 | 30.00% | ||||
| Turkey | 30 | -3 | 42 | 0 | 2 | -1 | -1 | -2 | -1 | -19 | 70.00% | ||
| United Arab Emirates | 90 | 0 | 38.3 | 0 | 2 | -2 | -1 | -8 | 30.00% | ||||
| United Kingdom | 90 | 0 | 97.4 | -2 | 2 | -2 | -1 | -1 | -10 | 40.00% | |||
| United States | 98 | 1 | 129 | -3 | 1 | -2 | 0 | -1 | -2 | -12 | 40.00% | ||
| Vietnam | 45 | -2 | 39.6 | 0 | 2 | -1 | 0 | -5 | 20.00% | ||||
Notes
(a) Natural disasters are COVID-19 by combined infection rate and death rate in USA and Japan
(b) An emerging banking crisis in the USA and Switzerland.
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Feb 28 2023 |
|---|---|---|---|
| Pakistan | 0.5 | Bullish | -11.11% |
| Argentina | 0.68 | Bullish | 17.94% |
| Hungary | 0.76 | Bullish | 2.96% |
| Colombia | 0.92 | Bearish | -11.83% |
| Korea, South | 0.93 | Bullish | 4.64% |
| Poland | 0.98 | Bearish | 2.04% |
| Austria | 1.08 | Bullish | 12.74% |
| Hong Kong SAR | 1.11 | Bullish | -4.46% |
| Greece | 1.18 | Bullish | 22.50% |
| Italy | 1.19 | Bullish | 11.85% |
| Spain | 1.21 | Bullish | 12.88% |
| Japan | 1.28 | Bullish | 3.38% |
| Chile | 1.29 | Bullish | 9.48% |
| Germany | 1.42 | Bullish | 9.30% |
| Singapore | 1.43 | Bullish | 2.09% |
| Malaysia | 1.44 | Bullish | -3.22% |
| Brazil | 1.46 | Bullish | -0.04% |
| China | 1.54 | Bullish | -1.85% |
| Turkey | 1.55 | Bullish | -4.28% |
| Belgium | 1.6 | Bullish | 3.05% |
| Peru | 1.64 | Bullish | 1.51% |
| Qatar | 1.64 | Bullish | -3.34% |
| Israel | 1.66 | Bearish | 0.05% |
| United Arab Emirates | 1.66 | Bearish | -3.17% |
| South Africa | 1.73 | Bearish | -3.75% |
| United Kingdom | 1.74 | Bullish | 4.09% |
| Norway | 1.75 | Bearish | 0.93% |
| Ireland | 1.78 | Bullish | 12.65% |
| Vietnam | 1.78 | Bearish | -4.11% |
| Canada | 1.88 | Bullish | 4.53% |
| Philippines | 1.89 | Bearish | -5.45% |
| France | 1.95 | Bullish | 9.76% |
| Mexico | 1.97 | Bullish | 15.40% |
| Thailand | 1.99 | Bullish | -6.95% |
| Sweden | 2.01 | Bearish | 8.06% |
| Finland | 2.08 | Bearish | -1.79% |
| Taiwan | 2.17 | Bullish | 11.40% |
| Australia | 2.21 | Bullish | 3.42% |
| Egypt | 2.41 | Bearish | 23.70% |
| Indonesia | 2.41 | Bullish | 2.57% |
| Czech Republic | 2.66 | Bullish | 25.56% |
| Portugal | 2.75 | Bearish | -3.77% |
| Netherlands | 2.92 | Bullish | 9.55% |
| New Zealand | 3.1 | Bullish | 5.69% |
| Switzerland | 3.17 | Bearish | 1.56% |
| India | 3.3 | Bullish | -7.82% |
| United States | 3.9 | Bullish | 4.21% |
| Denmark | 4.92 | Bullish | 3.89% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Feb 28 2023 |
|---|---|---|---|
| Brazil | 0.374 | Bullish | -0.04% |
| Pakistan | 0.461 | Bullish | -11.11% |
| Colombia | 0.518 | Bearish | -11.83% |
| Turkey | 0.769 | Bullish | -4.28% |
| Chile | 0.833 | Bullish | 9.48% |
| Norway | 0.890 | Bearish | 0.93% |
| Czech Republic | 0.992 | Bullish | 25.56% |
| Israel | 1.175 | Bearish | 0.05% |
| Argentina | 1.176 | Bullish | 17.94% |
| Hungary | 1.260 | Bullish | 2.96% |
| United Arab Emirates | 1.301 | Bearish | -3.17% |
| Austria | 1.438 | Bullish | 12.74% |
| Italy | 1.441 | Bullish | 11.85% |
| Poland | 1.555 | Bearish | 2.04% |
| Peru | 1.618 | Bullish | 1.51% |
| Egypt | 1.740 | Bearish | 23.70% |
| Taiwan | 1.753 | Bullish | 11.40% |
| Indonesia | 1.760 | Bullish | 2.57% |
| Qatar | 1.909 | Bullish | -3.34% |
| Malaysia | 1.933 | Bullish | -3.22% |
| South Africa | 2.066 | Bearish | -3.75% |
| China | 2.099 | Bullish | -1.85% |
| Vietnam | 2.105 | Bearish | -4.11% |
| Korea, South | 2.211 | Bullish | 4.64% |
| Spain | 2.237 | Bullish | 12.88% |
| Mexico | 2.364 | Bullish | 15.40% |
| Australia | 2.405 | Bullish | 3.42% |
| Hong Kong SAR | 2.618 | Bullish | -4.46% |
| Finland | 2.645 | Bearish | -1.79% |
| Philippines | 2.686 | Bearish | -5.45% |
| Canada | 2.864 | Bullish | 4.53% |
| Greece | 3.114 | Bullish | 22.50% |
| India | 3.130 | Bullish | -7.82% |
| Ireland | 3.333 | Bullish | 12.65% |
| Singapore | 3.364 | Bullish | 2.09% |
| Thailand | 3.559 | Bullish | -6.95% |
| Japan | 3.594 | Bullish | 3.38% |
| United Kingdom | 3.654 | Bullish | 4.09% |
| Germany | 3.717 | Bullish | 9.30% |
| France | 4.792 | Bullish | 9.76% |
| Switzerland | 4.848 | Bearish | 1.56% |
| Portugal | 6.223 | Bearish | -3.77% |
| United States | 6.785 | Bullish | 4.21% |
| Denmark | 7.815 | Bullish | 3.89% |
| Belgium | 8.957 | Bullish | 3.05% |
| Sweden | 8.963 | Bearish | 8.06% |
| New Zealand | 9.768 | Bullish | 5.69% |
| Netherlands | 10.031 | Bullish | 9.55% |
| Country | PE/Total Return | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % Feb 28 2023 |
|---|---|---|---|---|---|---|---|
| Brazil | 0.374 | 50.00% | 0.19 | 0.561 | Bullish | Dec 18, 2022 | -0.04% |
| Pakistan | 0.461 | 60.00% | 0.28 | 0.737 | Bullish | Feb 26, 2023 | -11.11% |
| Colombia | 0.518 | 60.00% | 0.31 | 0.828 | Bearish | Feb 5, 2023 | -11.83% |
| Norway | 0.890 | 10.00% | 0.09 | 0.979 | Bearish | Sep 18, 2022 | 0.93% |
| Chile | 0.833 | 50.00% | 0.42 | 1.250 | Bullish | Jan 22, 2023 | 9.48% |
| Turkey | 0.769 | 70.00% | 0.54 | 1.307 | Bullish | Feb 12, 2023 | -4.28% |
| Czech Republic | 0.992 | 40.00% | 0.40 | 1.389 | Bullish | Jan 22, 2023 | 25.56% |
| Israel | 1.175 | 20.00% | 0.24 | 1.410 | Bearish | Nov 13, 2022 | 0.05% |
| United Arab Emirates | 1.301 | 30.00% | 0.39 | 1.692 | Bearish | Dec 4, 2022 | -3.17% |
| Austria | 1.438 | 30.00% | 0.43 | 1.869 | Bullish | Oct 23, 2022 | 12.74% |
| Hungary | 1.260 | 50.00% | 0.63 | 1.889 | Bullish | Oct 2, 2022 | 2.96% |
| Qatar | 1.909 | 0.00% | 0.00 | 1.909 | Bullish | Jan 1, 2023 | -3.34% |
| Taiwan | 1.753 | 10.00% | 0.18 | 1.928 | Bullish | Nov 6, 2022 | 11.40% |
| Argentina | 1.176 | 70.00% | 0.82 | 1.999 | Bullish | Feb 27 2023 | 17.94% |
| Indonesia | 1.760 | 30.00% | 0.53 | 2.288 | Bullish | Jan 15, 2023 | 2.57% |
| Italy | 1.441 | 60.00% | 0.86 | 2.305 | Bullish | Oct 23, 2022 | 11.85% |
| Malaysia | 1.933 | 20.00% | 0.39 | 2.320 | Bullish | Nov 6, 2022 | -3.22% |
| Poland | 1.555 | 50.00% | 0.78 | 2.332 | Bearish | Feb 5, 2023 | 2.04% |
| Australia | 2.405 | 0.00% | 0.00 | 2.405 | Bullish | Nov 6, 2022 | 3.42% |
| Peru | 1.618 | 50.00% | 0.81 | 2.427 | Bullish | Feb 26, 2023 | 1.51% |
| Vietnam | 2.105 | 20.00% | 0.42 | 2.526 | Bearish | Jan 29, 2023 | -4.11% |
| Egypt | 1.740 | 50.00% | 0.87 | 2.610 | Bearish | Feb 12, 2023 | 23.70% |
| Korea, South | 2.211 | 30.00% | 0.66 | 2.875 | Bullish | Oct 2, 2022 | 4.64% |
| South Africa | 2.066 | 40.00% | 0.83 | 2.893 | Bearish | Feb 5, 2023 | -3.75% |
| China | 2.099 | 40.00% | 0.84 | 2.939 | Bullish | Oct 30, 2022 | -1.85% |
| Mexico | 2.364 | 40.00% | 0.95 | 3.310 | Bullish | Jan 1, 2023 | 15.40% |
| Spain | 2.237 | 50.00% | 1.12 | 3.356 | Bullish | Oct 23, 2022 | 12.88% |
| Hong Kong SAR | 2.618 | 30.00% | 0.79 | 3.404 | Bullish | Oct 30, 2022 | -4.46% |
| Canada | 2.864 | 20.00% | 0.57 | 3.437 | Bullish | Oct 23, 2022 | 4.53% |
| Finland | 2.645 | 30.00% | 0.79 | 3.439 | Bearish | Sep 18, 2022 | -1.79% |
| Philippines | 2.686 | 40.00% | 1.07 | 3.760 | Bearish | Jan 8, 2023 | -5.45% |
| Ireland | 3.333 | 30.00% | 1.00 | 4.333 | Bullish | Oct 23, 2022 | 12.65% |
| Switzerland | 4.848 | -10.00% | -0.48 | 4.363 | Bearish | June 12, 2022 | 1.56% |
| Singapore | 3.364 | 30.00% | 1.01 | 4.373 | Bullish | Oct 23, 2022 | 2.09% |
| Thailand | 3.559 | 30.00% | 1.07 | 4.626 | Bullish | June 31, 2022 | -6.95% |
| India | 3.130 | 50.00% | 1.56 | 4.695 | Bullish | July 17, 2022 | -7.82% |
| United Kingdom | 3.654 | 40.00% | 1.46 | 5.115 | Bullish | Oct 30, 2022 | 4.09% |
| Germany | 3.717 | 40.00% | 1.49 | 5.203 | Bullish | Nov 6, 2022 | 9.30% |
| Greece | 3.114 | 70.00% | 2.18 | 5.293 | Bullish | Feb 5, 2023 | 22.50% |
| Japan | 3.594 | 60.00% | 2.16 | 5.750 | Bullish | Nov 6, 2022 | 3.38% |
| France | 4.792 | 40.00% | 1.92 | 6.709 | Bullish | Jan 1, 2023 | 9.76% |
| Denmark | 7.815 | 10.00% | 0.78 | 8.596 | Bullish | Oct 23, 2022 | 3.89% |
| Portugal | 6.223 | 40.00% | 2.49 | 8.713 | Bearish | Aug 28, 2022 | -3.77% |
| United States | 6.785 | 40.00% | 2.71 | 9.499 | Bullish | Oct 16, 2022 | 4.21% |
| New Zealand | 9.768 | 0.00% | 0.00 | 9.768 | Bullish | July 3, 2022 | 5.69% |
| Sweden | 8.963 | 20.00% | 1.79 | 10.755 | Bearish | Feb 5, 2023 | 8.06% |
| Belgium | 8.957 | 30.00% | 2.69 | 11.644 | Bullish | Mar 13, 2022 | 3.05% |
| Netherlands | 10.031 | 20.00% | 2.01 | 12.037 | Bullish | Jan 1, 2023 | 9.55% |
Country Value and Growth Factors November 30, 2022
| Country | 2022 Real GDP Projected Annual Growth Rate % | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Nov 30 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 6.9 | 2.22 | 3.43 | 9.12 | 0.376 | 0.56 | Bullish | Nov 27, 2022 | MSCI Argentina | 13.93% |
| Australia | 3.6 | 4.89 | 14.91 | 8.49 | 1.756 | 2.2 | Bullish | Nov 6, 2022 | MSCI Australia USD | -2.18% |
| Austria | 6.0 | 4.16 | 7.16 | 10.16 | 0.705 | 0.96 | Bullish | Oct 23, 2022 | MSCI Austria | -21.39% |
| Belgium | 1.9 | 2.34 | 21.45 | 4.24 | 5.059 | 1.53 | Bullish | Mar 13, 2022 | MSCI Belgium | -9.38% |
| Brazil | 3.6 | 14.07 | 5.67 | 17.67 | 0.321 | 1.57 | Bullish | Nov 27, 2022 | MSCI Brazil Net USD | 20.22% |
| Canada | 3.9 | 3.08 | 13.75 | 6.98 | 1.970 | 1.93 | Bullish | Oct 23, 2022 | MSCI Canada Net USD | -7.34% |
| Chile | 0.3 | 6.06 | 6.28 | 6.36 | 0.987 | 1.36 | Bullish | Nov 27, 2022 | MSCI Chile Net USD | 22.72% |
| China | 3.9 | 2.17 | 15.47 | 6.07 | 2.549 | 1.54 | Bullish | Oct 30, 2022 | MSCI China Net USD | -25.31% |
| Colombia | 7.0 | 7.24 | 5.20 | 14.24 | 0.365 | 1.08 | Bullish | Oct 2, 2022 | MSCI Colombia | -16.84% |
| Czech Republic | 1.7 | 8.55 | 7.66 | 10.25 | 0.747 | 2.15 | Bearish | Nov 27, 2022 | MSCI Czech Republic Net USD | -11.36% |
| Denmark | 3.4 | 1.90 | 16.84 | 5.30 | 3.177 | 4.64 | Bullish | Oct 23, 2022 | MSCI Denmark | -2.31% |
| Egypt | 5.4 | 3.09 | 8.36 | 8.49 | 0.985 | 1.78 | Bullish | Oct 16, 2022 | MSCI Egypt | 17.09% |
| Finland | 1.0 | 3.29 | 20.92 | 4.29 | 4.876 | 2.23 | Bearish | Sep 18, 2022 | MSCI Finland | -8.75% |
| France | 1.0 | 2.81 | 15.51 | 3.81 | 4.071 | 1.8 | Bearish | Sep 18, 2022 | MSCI France | -6.86% |
| Germany | 1.3 | 3.53 | 14.27 | 4.83 | 2.954 | 1.33 | Bullish | Nov 6, 2022 | MSCI Germany | -17.20% |
| Greece | 1.2 | 2.28 | 8.99 | 3.48 | 2.583 | 0.9 | Bearish | Sep 18, 2022 | MSCI Greece | -7.32% |
| Hong Kong SAR | -4.5 | 3.54 | 18.28 | -0.96 | -19.042 | 1.06 | Bullish | Oct 30, 2022 | MSCI Hong Kong | -15.12% |
| Hungary | 6.5 | 1.54 | 4.76 | 8.04 | 0.592 | 0.83 | Bullish | Oct 2, 2022 | MSCI Hungary | -20.88% |
| India | 6.3 | 1.23 | 25.88 | 7.53 | 3.437 | 3.73 | Bullish | July 17, 2022 | MSCI India Net USD | 7.15% |
| Indonesia | 5.4 | 2.84 | 15.39 | 8.28 | 1.859 | 2.63 | Bullish | July 17, 2022 | MSCI Indonesia USD | 7.18% |
| Ireland | 10.9 | 1.74 | 19.28 | 12.64 | 1.525 | 1.9 | Bullish | Oct 23, 2022 | MSCI Ireland | -21.51% |
| Israel | 5.8 | 4.18 | 8.52 | 10.01 | 0.851 | 1.67 | Bearish | Nov 13, 2022 | MSCI Israel | -24.01% |
| Italy | 2.6 | 4.78 | 7.71 | 7.38 | 1.045 | 1.13 | Bullish | Oct 23, 2022 | MSCI Italy | -10.13% |
| Japan | 1.5 | 2.50 | 14.15 | 4.00 | 3.538 | 1.27 | Bullish | Nov 6, 2022 | MSCI Japan USD | -16.76% |
| Korea, South | 3.1 | 2.30 | 9.71 | 5.40 | 1.798 | 0.95 | Bullish | Oct 2, 2022 | MSCI Korea USD | -25.54% |
| Malaysia | 14.2 | 3.97 | 16.93 | 18.17 | 0.932 | 1.49 | Bullish | Nov 6, 2022 | MSCI Malaysia USD | -6.32% |
| Mexico | 4.3 | 3.49 | 13.81 | 7.79 | 1.773 | 1.97 | Bullish | Aug 07, 2022 | MSCI Mexico USD | 6.45% |
| Netherlands | 3.1 | 2.08 | 22.41 | 5.18 | 4.326 | 2.73 | Bullish | Oct 16, 2022 | MSCI Netherlands | -19.92% |
| New Zealand | 0.4 | 2.44 | 34.35 | 2.84 | 12.095 | 2.86 | Bullish | Jun 3, 2022 | MSCI New Zealand | -9.92% |
| Norway | 2.5 | 4.49 | 7.20 | 6.99 | 1.030 | 1.91 | Bearish | Sep 18, 2022 | MSCI Norway | 1.74% |
| Pakistan | 3.9 | 8.31 | 3.56 | 12.25 | 0.291 | 0.6 | Bullish | Sep 25, 2022 | MSCI Pakistan Net USD | -18.93% |
| Peru | 1.7 | 3.82 | 11.73 | 5.52 | 2.125 | 1.85 | Bullish | Oct 2, 2022 | MSCI Peru | 8.96% |
| Philippines | 7.6 | 1.61 | 19.26 | 9.21 | 2.091 | 1.84 | Bearish | Sep 18, 2022 | MSCI Philippines USD | -2.64% |
| Poland | 3.6 | 3.99 | 5.45 | 7.59 | 0.718 | 0.9 | Bullish | Oct 23, 2022 | MSCI Poland USD | -32.48% |
| Portugal | 4.9 | 3.35 | 26.23 | 8.25 | 3.179 | 2.82 | Bearish | Aug 28, 2022 | MSCI Portugal | 5.98% |
| Qatar | 6.3 | 3.53 | 14.58 | 9.83 | 1.483 | 1.89 | Bullish | Nov 21, 2022 | MSCI Qatar | 0.73% |
| Singapore | 4.1 | 3.55 | 20.91 | 7.65 | 2.733 | 1.44 | Bullish | Oct 23, 2022 | MSCI Singapore | -12.10% |
| South Africa | 4.1 | 3.91 | 10.96 | 8.01 | 1.368 | 1.76 | Bullish | Oct 30, 2022 | MSCI South Africa USD | -0.85% |
| Spain | 3.8 | 3.89 | 10.21 | 7.69 | 1.328 | 1.11 | Bullish | Oct 23, 2022 | MSCI Spain | -2.45% |
| Sweden | 2.5 | 3.18 | 22.44 | 5.68 | 3.951 | 1.94 | Bullish | Oct 23, 2022 | MSCI Sweden | -17.91% |
| Switzerland | 0.5 | 2.92 | 16.75 | 3.42 | 4.898 | 3.1 | Bearish | June 12, 2022 | MSCI Switzerland | -16.00% |
| Taiwan | 4.0 | 4.45 | 10.98 | 8.46 | 1.298 | 2.13 | Bullish | Nov 6, 2022 | MSCI Taiwan USD | -26.31% |
| Thailand | 4.5 | 2.52 | 21.90 | 7.02 | 3.120 | 2.02 | Bullish | June 31, 2022 | MSCI Thailand USD | 1.16% |
| Turkey | 3.9 | 2.15 | 5.20 | 6.05 | 0.860 | 1.57 | Bullish | Oct 2, 2022 | MSCI Turkey | 128.92% |
| United Arab Emirates | 3.9 | 3.23 | 12.88 | 7.13 | 1.806 | 1.84 | Bullish | Sep 11, 2022 | MSCI UAE Gross USD | -2.95% |
| United Kingdom | 2.4 | 3.70 | 11.56 | 6.10 | 1.895 | 1.7 | Bullish | Oct 30, 2022 | MSCI UK | 2.81% |
| United States | 1.9 | 1.59 | 20.40 | 3.49 | 5.845 | 4.12 | Bullish | Oct 16, 2022 | MSCI USA USD | -16.17% |
| Vietnam | 13.67 | 2.30 | 14.56 | 15.97 | 0.912 | 1.98 | Bullish | Nov 27, 2022 | MSCI Vietnam | -41.96% |
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Balanced Economy Score | Global Competitiveness Index | Competitiveness Score | Population Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score |
| Argentina | 75 | -5 | 88 | -5 | 6.9 | -1 | 1 | 0 | 57.2 | 0 | 1 | -1 | -2 |
| Australia | 3.1 | -1 | 7.3 | -2 | 3.4 | -1 | 3.2 | -1 | 78.75 | 3 | 2 | 0 | |
| Austria | 0.5 | 1 | 9.1 | -3 | 5.9 | -1 | -0.5 | 0 | 76.61 | 3 | 0 | 0 | |
| Belgium | 2 | 0 | 10.63 | -3 | 5.4 | -1 | -0.4 | 0 | 76.38 | 3 | 0 | 0 | |
| Brazil | 13.75 | -3 | 6.47 | -2 | 8.3 | -2 | -1.8 | -1 | 60.93 | 0 | 0 | -1 | -2 |
| Canada | 3.75 | -1 | 6.9 | -2 | 5.1 | -1 | 0.1 | 0 | 79.59 | 3 | 1 | 0 | |
| Chile | 11.25 | -2 | 12.8 | -3 | 8 | -2 | -6.6 | -2 | 70.54 | 2 | 1 | -1 | 0 |
| China | 3.65 | -1 | 2.1 | -1 | 5.5 | -1 | 1.8 | -1 | 73.9 | 2 | -1 | -1 | |
| Colombia | 11 | -2 | 12.53 | -3 | 9.9 | -2 | -5.7 | -2 | 62.73 | 0 | 1 | -1 | -2 |
| Czech Republic | 7 | -2 | 15.1 | -3 | 3.5 | -1 | -0.8 | 0 | 70.85 | 2 | -1 | -1 | |
| Denmark | 1.25 | 0 | 10.1 | -3 | 2.2 | 0 | 8.8 | -2 | 81.17 | 4 | -1 | 2 | |
| Egypt | 13.25 | -3 | 16.2 | -4 | 7.4 | -1 | -4.6 | -1 | 54.54 | 0 | 2 | -3 | |
| Finland | 2 | 0 | 8.3 | -3 | 5.8 | -1 | 0.9 | 0 | 80.25 | 4 | -1 | 2 | |
| France | 2 | 0 | 6.2 | -2 | 7.3 | -1 | 0.4 | 0 | 78.81 | 3 | -1 | 0 | |
| Germany | 2 | 0 | 10 | -3 | 5.6 | -1 | 7.4 | -2 | 81.8 | 4 | -1 | 1 | |
| Greece | 2 | 0 | 9.1 | -3 | 11.6 | -2 | -5.9 | -2 | 62.58 | 0 | -2 | -2 | |
| Hong Kong | 4.25 | -1 | 1.8 | 0 | 3.8 | -1 | 11.2 | -3 | 83.14 | 4 | -2 | 1 | |
| Hungary | 11.75 | -2 | 15.6 | -3 | 3.3 | -1 | -2.9 | -1 | 65.08 | 1 | -2 | -2 | |
| India | 5.9 | -1 | 6.77 | -2 | 8 | -2 | -1.7 | -1 | 61.36 | 0 | 1 | -2 | |
| Indonesia | 3.75 | -1 | 4.69 | -2 | 5.83 | -1 | 0.3 | 0 | 64.63 | 0 | 1 | -2 | |
| Ireland | 2 | 0 | 9.2 | -3 | 4.4 | -1 | 13.9 | -3 | 75.12 | 3 | 1 | 0 | |
| Israel | 3.25 | -1 | 5.1 | -2 | 4.1 | -1 | 4.7 | -1 | 76.74 | 3 | 2 | 0 | |
| Italy | 2 | 0 | 11.8 | -3 | 7.8 | -1 | 2.5 | -1 | 71.53 | 2 | -2 | -1 | |
| Japan | -0.1 | -1 | 3.7 | -1 | 2.6 | 0 | 4 | -1 | 82.27 | 4 | -2 | 0 | |
| Korea, South | 3.25 | -1 | 5 | -2 | 2.8 | 0 | 4.9 | -1 | 79.62 | 3 | -1 | 0 | |
| Malaysia | 2.75 | 0 | 4 | -1 | 3.6 | -1 | 3.5 | -1 | 74.6 | 2 | 2 | -1 | -1 |
| Mexico | 10 | -2 | 7.8 | -2 | 3.3 | -1 | -0.4 | 0 | 64.95 | 0 | 1 | -1 | -3 |
| Netherlands | 2 | 0 | 9.9 | -3 | 3.7 | -1 | 9 | -2 | 82.39 | 4 | 0 | 1 | |
| New Zealand | 4.25 | -1 | 7.2 | -2 | 3.3 | -1 | -6.5 | -2 | 76.75 | 3 | 2 | 2 | |
| Norway | 2.5 | 0 | 7.5 | -2 | 3.2 | -1 | 15 | -3 | 78.05 | 3 | 0 | 1 | |
| Pakistan | 16 | -3 | 23.8 | -4 | 6.5 | -1 | -4.6 | -1 | 51.36 | 0 | 2 | -4 | |
| Peru | 7.5 | -2 | 8.45 | -3 | 7.2 | -1 | -2.9 | -1 | 61.66 | 0 | 2 | -1 | -3 |
| Philippines | 5 | -1 | 8 | -2 | 4.5 | -1 | -1.8 | -1 | 61.87 | 0 | 2 | -1 | -3 |
| Poland | 6.75 | -2 | 17.4 | -4 | 5.1 | -1 | -0.7 | 0 | 68.89 | 1 | -1 | -1 | |
| Portugal | 2 | 0 | 9.9 | -3 | 5.8 | -1 | -1.1 | 0 | 70.45 | 2 | -1 | 0 | |
| Qatar | 5 | -1 | 6.03 | -2 | 0.1 | -1 | -14.7 | -3 | 66.74 | 1 | 2 | 0 | |
| Singapore | 2.65 | 0 | 6.7 | -2 | 2 | 0 | 18.1 | -3 | 84.78 | 4 | -2 | 1 | |
| South Africa | 7 | -2 | 7.6 | -2 | 32.9 | -5 | 3.7 | -1 | 62.44 | 0 | 2 | -1 | -1 |
| Spain | 2 | 0 | 6.8 | -2 | 12.67 | -2 | 0.9 | 0 | 75.28 | 3 | 0 | 0 | |
| Sweden | 2.5 | 0 | 10.9 | -3 | 7.1 | -1 | 5.3 | -2 | 81.25 | 4 | 0 | 1 | |
| Switzerland | 0.5 | 1 | 3 | -1 | 2 | 0 | 9.3 | -2 | 82.33 | 4 | 0 | 1 | |
| Taiwan | 1.63 | 0 | 2.35 | -1 | 3.68 | -1 | 14.8 | -3 | 80.24 | 4 | -1 | 0 | |
| Thailand | 1.25 | 0 | 5.55 | -2 | 1.23 | 0 | -2.2 | -1 | 68.11 | 1 | -1 | -3 | |
| Turkey | 9 | -2 | 84.39 | -5 | 10.1 | -2 | -1.7 | -1 | 61 | 0 | 1 | -1 | -2 |
| United Arab Emirates | 3.9 | -1 | 6.77 | -2 | 3.9 | -1 | 11.7 | -3 | 75.01 | 3 | 1 | 0 | |
| United Kingdom | 3 | -1 | 11.1 | -3 | 3.6 | -1 | -2 | -1 | 81.2 | 4 | 0 | 1 | |
| United States | 4 | -1 | 7.7 | -2 | 3.7 | -1 | -3.6 | -1 | 83.67 | 4 | 0 | -1 | 0 |
| Vietnam | 6 | -1 | 4.37 | -2 | 2.28 | 0 | -2 | -1 | 61.54 | 0 | 1 | -2 | |
| Socioeconomic Risk | Sovereign Risk | Political Risk | Conflict Risk | Extraordinary Event Risks | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Corporate Tax Rate | Corporate Tax Rate Score | Average Credit Ratings | Average Credit Ratings Score | Government Debt as % of GDP | Debt Score | Political Stability | Government Friendly to Business | Trade Dispute Cases on WTO/Trade Wars | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.12 | Territorial Disputes/ Wars | Internal Conflict/ Terrorism | Natural Disasters, Banking Crisis, Political Crisis, etc | Total Score | % Modifier |
| Argentina | 25 | 0 | 15 | -4 | 80.5 | -2 | 2 | -1 | -1 | -1 | -1 | -21 | 70.00% | ||
| Australia | 30 | -1 | 100 | 2 | 36.1 | 0 | 2 | -1 | -1 | 0 | 0 | -2 | -1 | 0.00% | |
| Austria | 25 | 0 | 96 | 1 | 82.8 | -2 | 1 | -3 | 0 | 0 | -2 | -5 | 20.00% | ||
| Belgium | 25 | 0 | 86 | 0 | 108 | -2 | 1 | -3 | 0 | -1 | -1 | -7 | 30.00% | ||
| Brazil | 34 | -2 | 42 | -2 | 80.27 | -2 | 2 | -1 | -1 | 0 | -1 | -18 | 60.00% | ||
| Canada | 26.5 | -1 | 100 | 2 | 113 | -3 | 1 | 1 | -1 | -1 | 0 | 0 | -1 | -3 | 10.00% |
| Chile | 27 | -1 | 75 | -1 | 36.3 | 0 | 2 | -1 | -1 | 0 | -1 | -10 | 40.00% | ||
| China | 25 | 0 | 80 | -1 | 71.5 | -1 | 2 | -1 | -2 | -1 | -1 | 0 | -3 | -12 | 40.00% |
| Colombia | 35 | -2 | 55 | -1 | 64.5 | -1 | 2 | -1 | -1 | -15 | 50.00% | ||||
| Czech Republic | 19 | 0 | 85 | 0 | 46.4 | 0 | 1 | -3 | 0 | 0 | -1 | -9 | 30.00% | ||
| Denmark | 22 | 0 | 100 | 2 | 36.7 | 0 | 1 | -2 | 0 | -2 | -1 | -2 | 0.00% | ||
| Egypt | 22.5 | 0 | 31 | -3 | 87.2 | -2 | 2 | -1 | -1 | -15 | 50.00% | ||||
| Finland | 20 | 0 | 96 | 1 | 65.8 | -1 | 1 | -3 | 0 | 0 | -3 | -4 | 10.00% | ||
| France | 26.5 | -1 | 92 | 0 | 113 | -3 | 1 | -3 | 0 | -1 | -2 | -10 | 40.00% | ||
| Germany | 30 | -1 | 100 | 2 | 69.3 | -1 | 1 | -3 | 0 | -1 | -1 | -6 | 20.00% | ||
| Greece | 22 | 0 | 43 | -2 | 193 | -5 | 2 | 1 | -3 | -1 | -1 | -2 | -22 | 70.00% | |
| Hong Kong | 16.5 | 0 | 90 | 0 | 38.4 | 0 | 2 | -1 | 0 | -1 | -3 | -5 | 20.00% | ||
| Hungary | 9 | 2 | 60 | -1 | 76.8 | -1 | 2 | -2 | 0 | 0 | -1 | -11 | 40.00% | ||
| India | 34.94 | -2 | 56 | -1 | 89.26 | -2 | 2 | -2 | -1 | -1 | -14 | 50.00% | |||
| Indonesia | 22 | 0 | 60 | -1 | 38.5 | 0 | 2 | -1 | -1 | -1 | -1 | -8 | 30.00% | ||
| Ireland | 12.5 | 1 | 81 | 0 | 56 | -1 | 1 | -3 | -1 | 0 | -1 | -1 | -8 | 30.00% | |
| Israel | 23 | 0 | 81 | 0 | 68.8 | -1 | 1 | -1 | -1 | -1 | -3 | 10.00% | |||
| Italy | 24 | 0 | 62 | -1 | 151 | -4 | 1 | -3 | 0 | -1 | -2 | -16 | 60.00% | ||
| Japan | 30.62 | -2 | 77 | -1 | 262 | -5 | 2 | -1 | -1 | -2 | -2 | -13 | 50.00% | ||
| Korea, South | 27.5 | -1 | 86 | 0 | 46.9 | 0 | 2 | -1 | -1 | -1 | 0 | -1 | -5 | 20.00% | |
| Malaysia | 24 | 0 | 68 | -1 | 63.3 | -1 | 1 | -1 | -1 | -1 | -5 | 20.00% | |||
| Mexico | 30 | -1 | 60 | -1 | 49.6 | 0 | 2 | -1 | -1 | 0 | 0 | -1 | -11 | 40.00% | |
| Netherlands | 25.8 | -1 | 98 | 1 | 52.4 | -1 | 1 | 1 | -3 | 0 | 0 | -1 | -4 | 10.00% | |
| New Zealand | 28 | -1 | 95 | 1 | 30.1 | 0 | 2 | -1 | 0 | 0 | -1 | 100.00% | -5.00% | ||
| Norway | 22 | 0 | 100 | 2 | 43.2 | 0 | 1 | 0 | 0 | -2 | -1 | 0.00% | |||
| Pakistan | 29 | -1 | 23 | -4 | 84 | -2 | 2 | -1 | -1 | -18 | 60.00% | ||||
| Peru | 29.5 | -1 | 61 | -1 | 36 | 0 | 1 | -1 | 0 | -1 | -1 | -13 | 50.00% | ||
| Philippines | 25 | 0 | 61 | -1 | 60.4 | -1 | 2 | -1 | -1 | -1 | -10 | 40.00% | |||
| Poland | 19 | 0 | 71 | -1 | 53.8 | -1 | 1 | -3 | 0 | 0 | -1 | -13 | 50.00% | ||
| Portugal | 21 | 0 | 72 | -1 | 127 | -3 | 2 | -3 | 0 | 0 | -2 | -10 | 40.00% | ||
| Qatar | 10 | 1 | 85 | 0 | 58.5 | -1 | 2 | 0 | 0 | -2 | 0.00% | ||||
| Singapore | 17 | 0 | 100 | 2 | 160 | -4 | 2 | 1 | -1 | -1 | -3 | 10.00% | |||
| South Africa | 28 | -1 | 41 | -2 | 69.9 | -1 | 2 | 0 | 0 | -12 | 40.00% | ||||
| Spain | 25 | 0 | 71 | -1 | 118 | -3 | 1 | -3 | -1 | -1 | -1 | -10 | 40.00% | ||
| Sweden | 20.6 | 0 | 100 | 2 | 36.7 | 0 | 1 | -3 | 0 | 0 | -2 | -3 | 10.00% | ||
| Switzerland | 14.93 | 1 | 100 | 2 | 41.4 | 0 | 2 | 0 | 0 | -1 | 700.00% | -20.00% | |||
| Taiwan | 20 | 0 | 90 | 0 | 28.2 | 0 | 2 | -1 | 0 | -2 | -3 | 10.00% | |||
| Thailand | 20 | 0 | 65 | -1 | 59.61 | -1 | 2 | -1 | -1 | -1 | -9 | 30.00% | |||
| Turkey | 23 | 0 | 30 | -3 | 42 | 0 | 2 | -1 | -1 | -2 | -1 | -18 | 60.00% | ||
| United Arab Emirates | 0 | -1 | 90 | 0 | 38.3 | 0 | 2 | -2 | -1 | -5 | 20.00% | ||||
| United Kingdom | 19 | 0 | 90 | 0 | 97.4 | -2 | 2 | -2 | -1 | -1 | -5 | 20.00% | |||
| United States | 21 | 0 | 98 | 1 | 137 | -4 | 1 | -2 | 0 | -1 | -1 | -8 | 30.00% | ||
| Vietnam | 20 | 0 | 45 | -2 | 39.6 | 0 | 2 | -1 | 0 | -6 | 20.00% | ||||
Notes
(a) Natural disasters are COVID-19 by combined infection rate and death rate. Pakistan also has severe nationwide flooding
(b) Trade disputes includes Russia's natural gas embargo affecting European countries.
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Nov 30 2022 |
|---|---|---|---|
| Argentina | 0.56 | Bullish | 13.93% |
| Pakistan | 0.6 | Bullish | -18.93% |
| Hungary | 0.83 | Bullish | -20.88% |
| Greece | 0.9 | Bearish | -7.32% |
| Poland | 0.9 | Bullish | -32.48% |
| Korea, South | 0.95 | Bullish | -25.54% |
| Austria | 0.96 | Bullish | -21.39% |
| Hong Kong SAR | 1.06 | Bullish | -15.12% |
| Colombia | 1.08 | Bullish | -16.84% |
| Spain | 1.11 | Bullish | -2.45% |
| Italy | 1.13 | Bullish | -10.13% |
| Japan | 1.27 | Bullish | -16.76% |
| Germany | 1.33 | Bullish | -17.20% |
| Chile | 1.36 | Bullish | 22.72% |
| Singapore | 1.44 | Bullish | -12.10% |
| Malaysia | 1.49 | Bullish | -6.32% |
| Belgium | 1.53 | Bullish | -9.38% |
| China | 1.54 | Bullish | -25.31% |
| Brazil | 1.57 | Bullish | 20.22% |
| Turkey | 1.57 | Bullish | 128.92% |
| Israel | 1.67 | Bearish | -24.01% |
| United Kingdom | 1.7 | Bullish | 2.81% |
| South Africa | 1.76 | Bullish | -0.85% |
| Egypt | 1.78 | Bullish | 17.09% |
| France | 1.8 | Bearish | -6.86% |
| Philippines | 1.84 | Bearish | -2.64% |
| United Arab Emirates | 1.84 | Bullish | -2.95% |
| Peru | 1.85 | Bullish | 8.96% |
| Qatar | 1.89 | Bullish | 0.73% |
| Ireland | 1.9 | Bullish | -21.51% |
| Norway | 1.91 | Bearish | 1.74% |
| Canada | 1.93 | Bullish | -7.34% |
| Sweden | 1.94 | Bullish | -17.91% |
| Mexico | 1.97 | Bullish | 6.45% |
| Vietnam | 1.98 | Bullish | -41.96% |
| Thailand | 2.02 | Bullish | 1.16% |
| Taiwan | 2.13 | Bullish | -26.31% |
| Czech Republic | 2.15 | Bearish | -11.36% |
| Australia | 2.2 | Bullish | -2.18% |
| Finland | 2.23 | Bearish | -8.75% |
| Indonesia | 2.63 | Bullish | 7.18% |
| Netherlands | 2.73 | Bullish | -19.92% |
| Portugal | 2.82 | Bearish | 5.98% |
| New Zealand | 2.86 | Bullish | -9.92% |
| Switzerland | 3.1 | Bearish | -16.00% |
| India | 3.73 | Bullish | 7.15% |
| United States | 4.12 | Bullish | -16.17% |
| Denmark | 4.64 | Bullish | -2.31% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Nov 30 2022 |
|---|---|---|---|
| Hong Kong SAR | -19.042 | Bullish | -15.12% |
| Pakistan | 0.291 | Bullish | -18.93% |
| Brazil | 0.321 | Bullish | 20.22% |
| Colombia | 0.365 | Bullish | -16.84% |
| Argentina | 0.376 | Bullish | 13.93% |
| Hungary | 0.592 | Bullish | -20.88% |
| Austria | 0.705 | Bullish | -21.39% |
| Poland | 0.718 | Bullish | -32.48% |
| Czech Republic | 0.747 | Bearish | -11.36% |
| Israel | 0.851 | Bearish | -24.01% |
| Turkey | 0.860 | Bullish | 128.92% |
| Vietnam | 0.912 | Bullish | -41.96% |
| Malaysia | 0.932 | Bullish | -6.32% |
| Egypt | 0.985 | Bullish | 17.09% |
| Chile | 0.987 | Bullish | 22.72% |
| Norway | 1.030 | Bearish | 1.74% |
| Italy | 1.045 | Bullish | -10.13% |
| Taiwan | 1.298 | Bullish | -26.31% |
| Spain | 1.328 | Bullish | -2.45% |
| South Africa | 1.368 | Bullish | -0.85% |
| Qatar | 1.483 | Bullish | 0.73% |
| Ireland | 1.525 | Bullish | -21.51% |
| Australia | 1.756 | Bullish | -2.18% |
| Mexico | 1.773 | Bullish | 6.45% |
| Korea, South | 1.798 | Bullish | -25.54% |
| United Arab Emirates | 1.806 | Bullish | -2.95% |
| Indonesia | 1.859 | Bullish | 7.18% |
| United Kingdom | 1.895 | Bullish | 2.81% |
| Canada | 1.970 | Bullish | -7.34% |
| Philippines | 2.091 | Bearish | -2.64% |
| Peru | 2.125 | Bullish | 8.96% |
| China | 2.549 | Bullish | -25.31% |
| Greece | 2.583 | Bearish | -7.32% |
| Singapore | 2.733 | Bullish | -12.10% |
| Germany | 2.954 | Bullish | -17.20% |
| Thailand | 3.120 | Bullish | 1.16% |
| Denmark | 3.177 | Bullish | -2.31% |
| Portugal | 3.179 | Bearish | 5.98% |
| India | 3.437 | Bullish | 7.15% |
| Japan | 3.538 | Bullish | -16.76% |
| Sweden | 3.951 | Bullish | -17.91% |
| France | 4.071 | Bearish | -6.86% |
| Netherlands | 4.326 | Bullish | -19.92% |
| Finland | 4.876 | Bearish | -8.75% |
| Switzerland | 4.898 | Bearish | -16.00% |
| Belgium | 5.059 | Bullish | -9.38% |
| United States | 5.845 | Bullish | -16.17% |
| New Zealand | 12.095 | Bullish | -9.92% |
| Country | PE/Total Return | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % Nov 30 2022 |
|---|---|---|---|---|---|---|---|
| Hong Kong | -19.042 | 20.00% | -3.81 | -22.850 | Bullish | Oct 30, 2022 | -15.12% |
| Pakistan | 0.291 | 60.00% | 0.17 | 0.465 | Bullish | Sep 25, 2022 | -18.93% |
| Brazil | 0.321 | 60.00% | 0.19 | 0.513 | Bullish | Nov 27, 2022 | 20.22% |
| Colombia | 0.365 | 50.00% | 0.18 | 0.548 | Bullish | Oct 2, 2022 | -16.84% |
| Argentina | 0.376 | 70.00% | 0.26 | 0.639 | Bullish | Nov 27, 2022 | 13.93% |
| Hungary | 0.592 | 40.00% | 0.24 | 0.829 | Bullish | Oct 2, 2022 | -20.88% |
| Austria | 0.705 | 20.00% | 0.14 | 0.846 | Bullish | Oct 23, 2022 | -21.39% |
| Israel | 0.851 | 10.00% | 0.09 | 0.936 | Bearish | Nov 13, 2022 | -24.01% |
| Czech Republic | 0.747 | 30.00% | 0.22 | 0.972 | Bearish | Nov 27, 2022 | -11.36% |
| Norway | 1.030 | 0.00% | 0.00 | 1.030 | Bearish | Sep 18, 2022 | 1.74% |
| Poland | 0.718 | 50.00% | 0.36 | 1.077 | Bullish | Oct 23, 2022 | -32.48% |
| Vietnam | 0.912 | 20.00% | 0.18 | 1.094 | Bullish | Nov 27, 2022 | -41.96% |
| Malaysia | 0.932 | 20.00% | 0.19 | 1.118 | Bullish | Nov 6, 2022 | -6.32% |
| Turkey | 0.860 | 60.00% | 0.52 | 1.375 | Bullish | Oct 2, 2022 | 128.92% |
| Chile | 0.987 | 40.00% | 0.39 | 1.382 | Bullish | Nov 27, 2022 | 22.72% |
| Taiwan | 1.298 | 10.00% | 0.13 | 1.428 | Bullish | Nov 6, 2022 | -26.31% |
| Egypt | 0.985 | 50.00% | 0.49 | 1.477 | Bullish | Oct 16, 2022 | 17.09% |
| Qatar | 1.483 | 0.00% | 0.00 | 1.483 | Bullish | Nov 21, 2022 | 0.73% |
| Italy | 1.045 | 60.00% | 0.63 | 1.672 | Bullish | Oct 23, 2022 | -10.13% |
| Australia | 1.756 | 0.00% | 0.00 | 1.756 | Bullish | Nov 6, 2022 | -2.18% |
| Spain | 1.328 | 40.00% | 0.53 | 1.859 | Bullish | Oct 23, 2022 | -2.45% |
| South Africa | 1.368 | 40.00% | 0.55 | 1.916 | Bullish | Oct 30, 2022 | -0.85% |
| Ireland | 1.525 | 30.00% | 0.46 | 1.983 | Bullish | Oct 23, 2022 | -21.51% |
| Korea, South | 1.798 | 20.00% | 0.36 | 2.158 | Bullish | Oct 2, 2022 | -25.54% |
| Canada | 1.970 | 10.00% | 0.20 | 2.167 | Bullish | Oct 23, 2022 | -7.34% |
| United Arab Emirates | 1.806 | 20.00% | 0.36 | 2.168 | Bullish | Sep 11, 2022 | -2.95% |
| United Kingdom | 1.895 | 20.00% | 0.38 | 2.274 | Bullish | Oct 30, 2022 | 2.81% |
| Indonesia | 1.859 | 30.00% | 0.56 | 2.416 | Bullish | July 17, 2022 | 7.18% |
| Mexico | 1.773 | 40.00% | 0.71 | 2.482 | Bullish | Aug 07, 2022 | 6.45% |
| Philippines | 2.091 | 40.00% | 0.84 | 2.928 | Bearish | Sep 18, 2022 | -2.64% |
| Singapore | 2.733 | 10.00% | 0.27 | 3.007 | Bullish | Oct 23, 2022 | -12.10% |
| Denmark | 3.177 | 0.00% | 0.00 | 3.177 | Bullish | Oct 23, 2022 | -2.31% |
| Peru | 2.125 | 50.00% | 1.06 | 3.188 | Bullish | Oct 2, 2022 | 8.96% |
| Germany | 2.954 | 20.00% | 0.59 | 3.545 | Bullish | Nov 6, 2022 | -17.20% |
| China | 2.549 | 40.00% | 1.02 | 3.568 | Bullish | Oct 30, 2022 | -25.31% |
| Switzerland | 4.898 | -20.00% | -0.98 | 3.918 | Bearish | June 12, 2022 | -16.00% |
| Thailand | 3.120 | 30.00% | 0.94 | 4.056 | Bullish | June 31, 2022 | 1.16% |
| Sweden | 3.951 | 10.00% | 0.40 | 4.346 | Bullish | Oct 23, 2022 | -17.91% |
| Greece | 2.583 | 70.00% | 1.81 | 4.392 | Bearish | Sep 18, 2022 | -7.32% |
| Portugal | 3.179 | 40.00% | 1.27 | 4.451 | Bearish | Aug 28, 2022 | 5.98% |
| Netherlands | 4.326 | 10.00% | 0.43 | 4.759 | Bullish | Oct 16, 2022 | -19.92% |
| India | 3.437 | 50.00% | 1.72 | 5.155 | Bullish | July 17, 2022 | 7.15% |
| Japan | 3.538 | 50.00% | 1.77 | 5.306 | Bullish | Nov 6, 2022 | -16.76% |
| Finland | 4.876 | 10.00% | 0.49 | 5.364 | Bearish | Sep 18, 2022 | -8.75% |
| France | 4.071 | 40.00% | 1.63 | 5.699 | Bearish | Sep 18, 2022 | -6.86% |
| Belgium | 5.059 | 30.00% | 1.52 | 6.577 | Bullish | Mar 13, 2022 | -9.38% |
| United States | 5.845 | 30.00% | 1.75 | 7.599 | Bullish | Oct 16, 2022 | -16.17% |
| New Zealand | 12.095 | -5.00% | -0.60 | 11.490 | Bullish | Jun 3, 2022 | -9.92% |
Country Value and Growth Factors August 30, 2022
| Country | 2022 Real GDP Projected Annual Growth Rate % | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Aug 30 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 6.0 | 2.39 | 3.83 | 8.39 | 0.456 | 0.51 | Bullish | July 24, 2022 | MSCI Argentina | 0.56% |
| Australia | 3.6 | 5.17 | 13.79 | 8.77 | 1.572 | 2.14 | Bearish | August 28, 2022 | MSCI Australia USD | -5.92% |
| Austria | 6.0 | 4.89 | 5.87 | 10.89 | 0.539 | 0.84 | Bearish | June 5, 2022 | MSCI Austria | -33.09% |
| Belgium | 3.3 | 2.58 | 17.07 | 5.88 | 2.903 | 1.4 | Bullish | Mar 13, 2022 | MSCI Belgium | -15.01% |
| Brazil | 3.2 | 14.26 | 5.61 | 17.46 | 0.321 | 1.55 | Bullish | July 24, 2022 | MSCI Brazil Net USD | 21.54% |
| Canada | 2.9 | 3.21 | 13.71 | 6.11 | 2.244 | 1.88 | Bullish | July 17, 2020 | MSCI Canada Net USD | -9.46% |
| Chile | 5.4 | 5.25 | 7.64 | 10.65 | 0.717 | 1.5 | Bullish | Aug 21, 2022 | MSCI Chile Net USD | 30.39% |
| China | 0.4 | 2.17 | 15.47 | 2.57 | 6.019 | 1.54 | Bearish | July 10, 2022 | MSCI China Net USD | -19.40% |
| Colombia | 12.6 | 6.46 | 5.54 | 19.06 | 0.291 | 1.15 | Bearish | Aug 14, 2022 | MSCI Colombia | -9.29% |
| Czech Republic | 3.7 | 5.86 | 10.20 | 9.56 | 1.067 | 2.26 | Bearish | Aug 14, 2022 | MSCI Czech Republic Net USD | -0.63% |
| Denmark | 3.6 | 2.01 | 16.01 | 5.61 | 2.854 | 4.57 | Bearish | July 31, 2022 | MSCI Denmark | -7.43% |
| Egypt | 5.4 | 4.66 | 5.44 | 10.06 | 0.541 | 1.18 | Bearish | Aug 28, 2022 | MSCI Egypt | -19.62% |
| Finland | 3.0 | 3.33 | 21.81 | 6.33 | 3.445 | 2.27 | Bullish | Mar 06, 2022 | MSCI Finland | -11.84% |
| France | 4.2 | 3.00 | 15.26 | 7.20 | 2.119 | 1.7 | Bearish | May 01, 2022 | MSCI France | -13.56% |
| Germany | 1.7 | 3.90 | 12.37 | 5.60 | 2.209 | 1.22 | Bearish | May 01, 2022 | MSCI Germany | -24.77% |
| Greece | 7.7 | 2.23 | 7.44 | 9.93 | 0.749 | 0.83 | Bearish | Aug 28, 2022 | MSCI Greece | -5.19% |
| Hong Kong SAR | -1.3 | 3.41 | 16.29 | 2.11 | 7.720 | 1.09 | Bullish | May 15, 2022 | MSCI Hong Kong | -11.46% |
| Hungary | 6.5 | 1.76 | 5.17 | 8.26 | 0.626 | 0.77 | Bearish | Aug 28, 2022 | MSCI Hungary | -29.73% |
| India | 13.5 | 1.22 | 24.68 | 14.72 | 1.677 | 3.7 | Bullish | July 17, 2022 | MSCI India Net USD | 6.14% |
| Indonesia | 5.4 | 2.92 | 15.75 | 8.36 | 1.884 | 2.58 | Bullish | July 17, 2022 | MSCI Indonesia USD | 5.82% |
| Ireland | 11.1 | 1.79 | 20.30 | 12.89 | 1.575 | 1.97 | Bullish | July 17, 2022 | MSCI Ireland | -22.73% |
| Israel | 7.4 | 3.91 | 8.71 | 11.35 | 0.767 | 1.75 | Bearish | Aug 28, 2022 | MSCI Israel | -18.12% |
| Italy | 4.7 | 5.27 | 7.70 | 9.97 | 0.772 | 1.02 | Bullish | July 24, 2022 | MSCI Italy | -20.67% |
| Japan | 1.6 | 2.50 | 16.22 | 4.10 | 3.956 | 1.31 | Bearish | Aug 28, 2022 | MSCI Japan USD | -17.71% |
| Korea, South | 2.9 | 2.36 | 8.43 | 5.26 | 1.603 | 0.94 | Bullish | Mar 13, 2022 | MSCI Korea USD | -28.15% |
| Malaysia | 8.9 | 4.00 | 17.06 | 12.90 | 1.322 | 1.53 | Bullish | July 17, 2022 | MSCI Malaysia USD | -7.34% |
| Mexico | 2.0 | 3.92 | 12.39 | 5.92 | 2.093 | 1.73 | Bullish | Aug 07, 2022 | MSCI Mexico USD | -9.45% |
| Netherlands | 5.3 | 2.23 | 19.03 | 7.53 | 2.527 | 2.39 | Bearish | Aug 28, 2022 | MSCI Netherlands | -25.57% |
| New Zealand | 1.2 | 2.52 | 27.36 | 3.72 | 7.355 | 2.77 | Bullish | May 29, 2022 | MSCI New Zealand | -13.24% |
| Norway | 3.9 | 3.92 | 9.92 | 7.82 | 1.269 | 2.17 | Bullish | July 24, 2022 | MSCI Norway | 6.24% |
| Pakistan | 3.9 | 7.23 | 3.90 | 11.17 | 0.349 | 0.66 | Bullish | July 31, 2022 | MSCI Pakistan Net USD | -20.24% |
| Peru | 3.8 | 5.07 | 9.28 | 8.87 | 1.046 | 1.52 | Bearish | Aug 14, 2022 | MSCI Peru | -12.54% |
| Philippines | 7.4 | 1.67 | 20.72 | 9.07 | 2.284 | 1.83 | Bullish | May 15, 2022 | MSCI Philippines USD | -3.73% |
| Poland | 5.5 | 4.45 | 4.94 | 9.95 | 0.496 | 0.83 | Bearish | Aug 14, 2022 | MSCI Poland USD | -43.48% |
| Portugal | 7.1 | 3.22 | 44.52 | 10.32 | 4.314 | 2.79 | Bearish | Aug 28, 2022 | MSCI Portugal | 10.77% |
| Qatar | 2.5 | 3.23 | 16.28 | 5.73 | 2.841 | 2.17 | Bearish | Aug 28, 2022 | MSCI Qatar | 12.58% |
| Singapore | 4.4 | 3.61 | 20.97 | 8.01 | 2.618 | 1.39 | Bearish | Aug 14, 2022 | MSCI Singapore | -13.98% |
| South Africa | 0.2 | 4.24 | 10.05 | 4.44 | 2.264 | 1.65 | Bearish | Aug 14, 2022 | MSCI South Africa USD | -10.04% |
| Spain | 6.3 | 3.97 | 9.69 | 10.27 | 0.944 | 1.1 | Bearish | June 05, 2022 | MSCI Spain | -6.89% |
| Sweden | 3.8 | 3.34 | 20.17 | 7.14 | 2.825 | 1.94 | Bearish | Aug 21, 2022 | MSCI Sweden | -23.20% |
| Switzerland | 2.8 | 2.96 | 16.22 | 5.76 | 2.816 | 3.04 | Bearish | June 12, 2022 | MSCI Switzerland | -16.86% |
| Taiwan | 3.1 | 4.39 | 11.26 | 7.44 | 1.513 | 2.2 | Bearish | Sep 26, 2021 | MSCI Taiwan USD | -25.41% |
| Thailand | 2.5 | 2.47 | 22.30 | 4.97 | 4.487 | 2.1 | Bearish | June 31, 2022 | MSCI Thailand USD | -3.51% |
| Turkey | 7.6 | 3.18 | 4.57 | 10.78 | 0.424 | 1.22 | Bullish | July 17, 2022 | MSCI Turkey | 56.40% |
| United Arab Emirates | 3.8 | 3.18 | 13.49 | 6.98 | 1.933 | 1.88 | Bearish | Aug 05, 2022 | MSCI UAE Gross USD | -0.10% |
| United Kingdom | 2.9 | 3.85 | 13.03 | 6.75 | 1.930 | 1.72 | Bearish | Jun 07, 2020 | MSCI UK | 0.06% |
| United States | 1.7 | 1.61 | 20.14 | 3.31 | 6.085 | 4 | Bullish | June 19, 2022 | MSCI USA USD | -17.83% |
| Vietnam | 7.72 | 1.83 | 13.79 | 9.55 | 1.444 | 2.42 | Bullish | July 31, 2022 | MSCI Vietnam | -24.61% |
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Balanced Economy Score | Global Competitiveness Index | Competitiveness Score | Population Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score |
| Argentina | 69.5 | -5 | 71 | -5 | 7 | -1 | 1 | 0 | 57.2 | 0 | 1 | -1 | -2 |
| Australia | 2.35 | 0 | 6.1 | -2 | 3.4 | -1 | 1.3 | 0 | 78.75 | 3 | 2 | 0 | |
| Austria | 0.5 | 1 | 9.1 | -3 | 5.9 | -1 | -0.5 | 0 | 76.61 | 3 | 0 | 0 | |
| Belgium | 0.5 | 1 | 9.94 | -3 | 5.9 | -1 | -0.4 | 0 | 76.38 | 3 | 0 | 0 | |
| Brazil | 13.75 | -2 | 10.07 | -3 | 9.1 | -2 | -1.8 | -1 | 60.93 | 0 | 0 | -1 | -2 |
| Canada | 3.25 | 0 | 7.6 | -2 | 4.9 | -1 | 0.1 | 0 | 79.59 | 3 | 1 | 0 | |
| Chile | 10.75 | -2 | 14.1 | -3 | 7.9 | -1 | 1.4 | 0 | 70.54 | 2 | 1 | -1 | 0 |
| China | 3.65 | -1 | 2.7 | -1 | 5.4 | -1 | 1.8 | -1 | 73.9 | 2 | -1 | -1 | |
| Colombia | 9 | -2 | 10.84 | -3 | 11 | -2 | -5.7 | -2 | 62.73 | 0 | 1 | -1 | -2 |
| Czech Republic | 7 | -1 | 17.5 | -4 | 3.4 | -1 | -0.8 | 0 | 70.85 | 2 | -1 | -1 | |
| Denmark | 0.65 | 1 | 8.7 | -3 | 2.7 | 0 | 8.8 | -2 | 81.17 | 4 | -1 | 2 | |
| Egypt | 11.25 | -2 | 14.6 | -3 | 7.2 | -1 | -4.6 | -1 | 54.54 | 0 | 2 | -3 | |
| Finland | 0.5 | 1 | 7.8 | -2 | 6.6 | -1 | 0.9 | 0 | 80.25 | 4 | -1 | 2 | |
| France | 0.5 | 1 | 5.8 | -2 | 7.4 | -1 | 0.4 | 0 | 78.81 | 3 | -1 | 0 | |
| Germany | 0.5 | 1 | 7.9 | -2 | 5.5 | -1 | 7.4 | -2 | 81.8 | 4 | -1 | 1 | |
| Greece | 0.5 | 1 | 11.4 | -3 | 12.1 | -2 | -5.9 | -2 | 62.58 | 0 | -2 | -2 | |
| Hong Kong | 2.75 | 0 | 1.9 | 0 | 4.3 | -1 | 6.6 | -2 | 83.14 | 4 | -2 | 1 | |
| Hungary | 11.75 | -2 | 15.6 | -3 | 3.3 | -1 | -2.9 | -1 | 65.08 | 1 | -2 | -2 | |
| India | 5.4 | -1 | 6.71 | -2 | 8.3 | -2 | -1.7 | -1 | 61.36 | 0 | 1 | -2 | |
| Indonesia | 3.75 | -1 | 4.69 | -2 | 5.83 | -1 | 0.3 | 0 | 64.63 | 0 | 1 | -2 | |
| Ireland | 0.5 | 1 | 8.7 | -3 | 4.3 | -1 | 13.9 | -3 | 75.12 | 3 | 1 | 0 | |
| Israel | 2 | 0 | 5.2 | -2 | 3.4 | -1 | 4.9 | -1 | 76.74 | 3 | 2 | 0 | |
| Italy | 0.5 | 1 | 8.4 | -3 | 7.9 | -1 | 2.5 | -1 | 71.53 | 2 | -2 | -1 | |
| Japan | -0.1 | -1 | 2.6 | -1 | 2.6 | 0 | 3.2 | -1 | 82.27 | 4 | -2 | 0 | |
| Korea, South | 2.5 | 0 | 5.7 | -2 | 2.9 | 0 | 3.5 | -1 | 79.62 | 3 | -1 | 0 | |
| Malaysia | 2.5 | 0 | 4.4 | -2 | 3.7 | -1 | 3.5 | -1 | 74.6 | 2 | 2 | -1 | -1 |
| Mexico | 8.5 | -2 | 8.7 | -3 | 3.4 | -1 | 2.4 | -1 | 64.95 | 0 | 1 | -1 | -3 |
| Netherlands | 0.5 | 1 | 12 | -3 | 3.6 | -1 | 9 | -2 | 82.39 | 4 | 0 | 1 | |
| New Zealand | 3 | 0 | 7.3 | -2 | 3.3 | -1 | -2.7 | -1 | 76.75 | 3 | 2 | 2 | |
| Norway | 1.75 | 0 | 6.5 | -2 | 3.3 | -1 | 15 | -3 | 78.05 | 3 | 0 | 1 | |
| Pakistan | 15 | -2 | 27.26 | -4 | 6.5 | -1 | -4.6 | -1 | 51.36 | 0 | 2 | -4 | |
| Peru | 6.75 | -1 | 8.41 | -3 | 6.8 | -1 | 0.7 | 0 | 61.66 | 0 | 2 | -1 | -3 |
| Philippines | 3.75 | -1 | 6.3 | -2 | 5.2 | -1 | -1.8 | -1 | 61.87 | 0 | 2 | -1 | -3 |
| Poland | 6.75 | -1 | 16.1 | -4 | 4.9 | -1 | -0.7 | 0 | 68.89 | 1 | -1 | -1 | |
| Portugal | 0.5 | 1 | 8.9 | -3 | 5.7 | -1 | -1.2 | 0 | 70.45 | 2 | -1 | 0 | |
| Qatar | 3.75 | -1 | 4.98 | -2 | 0.1 | -1 | -14.7 | -3 | 66.74 | 1 | 2 | 0 | |
| Singapore | 1.56 | 0 | 7 | -2 | 2.1 | 0 | 17.6 | -3 | 84.78 | 4 | -2 | 1 | |
| South Africa | 5.5 | -1 | 7.8 | -2 | 33.9 | -5 | 3.7 | -1 | 62.44 | 0 | 2 | -1 | -1 |
| Spain | 0.5 | 1 | 10.5 | -3 | 12.48 | -2 | 0.9 | 0 | 75.28 | 3 | 0 | 0 | |
| Sweden | 0.75 | 1 | 8.5 | -3 | 6.4 | -1 | 5.3 | -2 | 81.25 | 4 | 0 | 1 | |
| Switzerland | -0.25 | -1 | 3.5 | -1 | 2 | 0 | 9.3 | -2 | 82.33 | 4 | 0 | 1 | |
| Taiwan | 1.5 | 0 | 2.66 | -1 | 3.68 | -1 | 9.5 | -2 | 80.24 | 4 | -1 | 0 | |
| Thailand | 0.75 | 1 | 7.86 | -2 | 1.37 | 0 | -2.2 | -1 | 68.11 | 1 | -1 | -3 | |
| Turkey | 13 | -2 | 80.21 | -5 | 10.1 | -2 | -1.7 | -1 | 61 | 0 | 1 | -1 | -2 |
| United Arab Emirates | 3.75 | -1 | 2.5 | -1 | 3.9 | -1 | 11.7 | -3 | 75.01 | 3 | 1 | 0 | |
| United Kingdom | 1.75 | 0 | 10.1 | -3 | 3.6 | -1 | -3.5 | -1 | 81.2 | 4 | 0 | 1 | |
| United States | 2.5 | 0 | 8.3 | -3 | 3.7 | -1 | -3.6 | -1 | 83.67 | 4 | 0 | -1 | 0 |
| Vietnam | 4 | -1 | 2.89 | -1 | 2.46 | 0 | 3.6 | -1 | 61.54 | 0 | 1 | -2 | |
| Socioeconomic Risk | Sovereign Risk | Political Risk | Conflict Risk | Extraordinary Event Risks | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Corporate Tax Rate | Corporate Tax Rate Score | Average Credit Ratings | Average Credit Ratings Score | Government Debt as % of GDP | Debt Score | Political Stability | Government Friendly to Business | Trade Dispute Cases on WTO/Trade Wars | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.12 | Territorial Disputes/ Wars | Internal Conflict/ Terrorism | Natural Disasters, Banking Crisis, Political Crisis, etc | Total Score | % Modifier |
| Argentina | 25 | 0 | 15 | -4 | 80.5 | -2 | 2 | -1 | -1 | -1 | -20 | 70.00% | |||
| Australia | 30 | -1 | 100 | 2 | 24.8 | 1 | 2 | -1 | -1 | 0 | 0 | -1 | 3 | -10.00% | |
| Austria | 25 | 0 | 96 | 1 | 82.8 | -2 | 1 | -4 | 0 | 0 | -2 | -6 | 20.00% | ||
| Belgium | 25 | 0 | 86 | 0 | 108 | -2 | 1 | -4 | 0 | -1 | -1 | -7 | 30.00% | ||
| Brazil | 34 | -2 | 42 | -2 | 80.27 | -2 | 2 | -1 | -1 | 0 | -1 | -18 | 60.00% | ||
| Canada | 26.5 | -1 | 100 | 2 | 118 | -3 | 2 | 1 | -1 | -1 | 0 | 0 | -1 | -1 | 0.00% |
| Chile | 27 | -1 | 76 | -1 | 33 | 0 | 2 | -1 | -1 | 0 | -1 | -7 | 30.00% | ||
| China | 25 | 0 | 80 | -1 | 66.8 | -1 | 2 | -1 | -2 | -1 | -1 | 0 | -9 | 30.00% | |
| Colombia | 31 | -2 | 55 | -1 | 64.5 | -1 | 2 | -1 | -1 | -15 | 50.00% | ||||
| Czech Republic | 19 | 0 | 85 | 0 | 46.4 | 0 | 1 | -4 | 0 | 0 | -9 | 30.00% | |||
| Denmark | 22 | 0 | 100 | 2 | 36.7 | 0 | 1 | -4 | 0 | -2 | -1 | -3 | 10.00% | ||
| Egypt | 22.5 | 0 | 31 | -3 | 87.2 | -2 | 2 | -1 | -1 | -13 | 50.00% | ||||
| Finland | 20 | 0 | 96 | 1 | 65.8 | -1 | 1 | -2 | 0 | 0 | -1 | 1 | -5.00% | ||
| France | 26.5 | -1 | 92 | 0 | 113 | -3 | 1 | -4 | 0 | -1 | -1 | -9 | 30.00% | ||
| Germany | 30 | -1 | 100 | 2 | 69.3 | -1 | 1 | -4 | 0 | -1 | -1 | -5 | 20.00% | ||
| Greece | 24 | 0 | 43 | -2 | 193 | -5 | 2 | 1 | -2 | -1 | -1 | -2 | -20 | 70.00% | |
| Hong Kong | 16.5 | 0 | 90 | 0 | 38.4 | 0 | 2 | -1 | 0 | -1 | -4 | -4 | 10.00% | ||
| Hungary | 9 | 2 | 60 | -1 | 76.8 | -1 | 2 | -2 | 0 | 0 | -1 | -11 | 40.00% | ||
| India | 25.17 | -1 | 56 | -1 | 73.95 | -1 | 2 | -2 | -1 | -1 | -12 | 40.00% | |||
| Indonesia | 22 | 0 | 60 | -1 | 38.5 | 0 | 2 | -1 | -1 | -1 | -1 | -8 | 30.00% | ||
| Ireland | 12.5 | 1 | 80 | -1 | 56 | -1 | 1 | -3 | -1 | 0 | -1 | -1 | -8 | 30.00% | |
| Israel | 23 | 0 | 81 | 0 | 68.8 | -1 | 1 | -1 | -1 | -1 | -2 | 0.00% | |||
| Italy | 24 | 0 | 62 | -1 | 151 | -4 | 1 | -3 | 0 | -1 | -1 | -14 | 50.00% | ||
| Japan | 30.62 | -2 | 77 | -1 | 266 | -5 | 2 | -1 | -1 | -2 | -2 | -13 | 50.00% | ||
| Korea, South | 25 | 0 | 86 | 0 | 42.6 | 0 | 2 | -1 | -1 | -1 | 0 | -3 | -5 | 20.00% | |
| Malaysia | 24 | 0 | 68 | -1 | 63.3 | -1 | 1 | -1 | -1 | -1 | -6 | 20.00% | |||
| Mexico | 30 | -1 | 60 | -1 | 52.1 | -1 | 2 | -1 | -1 | 0 | 0 | -1 | -14 | 50.00% | |
| Netherlands | 25 | 0 | 98 | 1 | 52.1 | -1 | 1 | 1 | -4 | 0 | 0 | -1 | -3 | 10.00% | |
| New Zealand | 28 | -1 | 95 | 1 | 30.1 | 0 | 2 | -1 | 0 | 0 | -1 | 3 | -10.00% | ||
| Norway | 22 | 0 | 100 | 2 | 43.2 | 0 | 1 | 0 | 0 | 1 | -5.00% | ||||
| Pakistan | 29 | -1 | 25 | -3 | 84 | -2 | 1 | -1 | -1 | -4 | -21 | 70.00% | |||
| Peru | 29.5 | -1 | 62 | -1 | 36 | 0 | 1 | -1 | 0 | -1 | -10 | 40.00% | |||
| Philippines | 30 | -1 | 61 | -1 | 60.4 | -1 | 2 | -1 | -1 | -10 | 40.00% | ||||
| Poland | 19 | 0 | 71 | -1 | 53.8 | -1 | 1 | -4 | 0 | 0 | -1 | -13 | 50.00% | ||
| Portugal | 21 | 0 | 72 | -1 | 127 | -3 | 1 | -3 | 0 | 0 | -1 | -9 | 30.00% | ||
| Qatar | 10 | 1 | 85 | 0 | 71.8 | -1 | 2 | 0 | 0 | -1 | -3 | 10.00% | |||
| Singapore | 17 | 0 | 100 | 2 | 131 | -3 | 2 | 1 | -1 | -1 | -1 | -3 | 10.00% | ||
| South Africa | 28 | -1 | 41 | -2 | 69.9 | -1 | 2 | 0 | 0 | -11 | 40.00% | ||||
| Spain | 25 | 0 | 71 | -1 | 118 | -3 | 1 | -3 | -1 | -1 | -1 | -10 | 40.00% | ||
| Sweden | 20.6 | 0 | 100 | 2 | 36.7 | 0 | 1 | -4 | 0 | 0 | -1 | 0.00% | |||
| Switzerland | 14.93 | 1 | 100 | 2 | 41.4 | 0 | 2 | 0 | 0 | -1 | 5 | -15.00% | |||
| Taiwan | 20 | 0 | 71 | -1 | 28.2 | 0 | 2 | -1 | 0 | -4 | -5 | 20.00% | |||
| Thailand | 20 | 0 | 65 | -1 | 59.61 | -1 | 2 | -1 | -1 | -7 | 30.00% | ||||
| Turkey | 23 | 0 | 31 | -3 | 42 | 0 | 2 | -1 | -1 | -2 | -1 | -1 | -19 | 70.00% | |
| United Arab Emirates | 0 | -1 | 90 | 0 | 38.3 | 0 | 2 | -2 | -1 | -4 | 10.00% | ||||
| United Kingdom | 19 | 0 | 90 | 0 | 95.9 | -2 | 2 | -3 | -1 | -1 | -1 | -6 | 20.00% | ||
| United States | 21 | 0 | 98 | 1 | 137 | -4 | 1 | -2 | 0 | -1 | -2 | -9 | 30.00% | ||
| Vietnam | 20 | 0 | 45 | -2 | 46.7 | 0 | 2 | -1 | 0 | -5 | 20.00% | ||||
Notes
(a) Natural disasters are COVID-19 by combined infection rate and death rate. Pakistan also has severe nationwide flooding
(b) Trade disputes includes Russia's natural gas embargo affecting European countries.
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % August 30 2022 |
|---|---|---|---|
| Argentina | 0.51 | Bullish | 0.56% |
| Pakistan | 0.66 | Bullish | -20.24% |
| Hungary | 0.77 | Bearish | -29.73% |
| Greece | 0.83 | Bearish | -5.19% |
| Poland | 0.83 | Bearish | -43.48% |
| Austria | 0.84 | Bearish | -33.09% |
| Korea, South | 0.94 | Bullish | -28.15% |
| Italy | 1.02 | Bullish | -20.67% |
| Hong Kong SAR | 1.09 | Bullish | -11.46% |
| Spain | 1.1 | Bearish | -6.89% |
| Colombia | 1.15 | Bearish | -9.29% |
| Egypt | 1.18 | Bearish | -19.62% |
| Germany | 1.22 | Bearish | -24.77% |
| Turkey | 1.22 | Bullish | 56.40% |
| Japan | 1.31 | Bearish | -17.71% |
| Singapore | 1.39 | Bearish | -13.98% |
| Belgium | 1.4 | Bullish | -15.01% |
| Chile | 1.5 | Bullish | 30.39% |
| Peru | 1.52 | Bearish | -12.54% |
| Malaysia | 1.53 | Bullish | -7.34% |
| China | 1.54 | Bearish | -19.40% |
| Brazil | 1.55 | Bullish | 21.54% |
| South Africa | 1.65 | Bearish | -10.04% |
| France | 1.7 | Bearish | -13.56% |
| United Kingdom | 1.72 | Bearish | 0.06% |
| Mexico | 1.73 | Bullish | -9.45% |
| Israel | 1.75 | Bearish | -18.12% |
| Philippines | 1.83 | Bullish | -3.73% |
| Canada | 1.88 | Bullish | -9.46% |
| United Arab Emirates | 1.88 | Bearish | -0.10% |
| Sweden | 1.94 | Bearish | -23.20% |
| Ireland | 1.97 | Bullish | -22.73% |
| Thailand | 2.1 | Bearish | -3.51% |
| Australia | 2.14 | Bearish | -5.92% |
| Norway | 2.17 | Bullish | 6.24% |
| Qatar | 2.17 | Bearish | 12.58% |
| Taiwan | 2.2 | Bearish | -25.41% |
| Czech Republic | 2.26 | Bearish | -0.63% |
| Finland | 2.27 | Bullish | -11.84% |
| Netherlands | 2.39 | Bearish | -25.57% |
| Vietnam | 2.42 | Bullish | -24.61% |
| Indonesia | 2.58 | Bullish | 5.82% |
| New Zealand | 2.77 | Bullish | -13.24% |
| Portugal | 2.79 | Bearish | 10.77% |
| Switzerland | 3.04 | Bearish | -16.86% |
| India | 3.7 | Bullish | 6.14% |
| United States | 4 | Bullish | -17.83% |
| Denmark | 4.57 | Bearish | -7.43% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % August 30 2022 |
|---|---|---|---|
| Colombia | 0.291 | Bullish | -11.46% |
| Brazil | 0.321 | Bearish | -43.48% |
| Pakistan | 0.349 | Bearish | -23.20% |
| Turkey | 0.424 | Bearish | 10.77% |
| Argentina | 0.456 | Bullish | 0.56% |
| Poland | 0.496 | Bearish | -5.92% |
| Austria | 0.539 | Bearish | -29.73% |
| Egypt | 0.541 | Bearish | -19.62% |
| Hungary | 0.626 | Bullish | 30.39% |
| Chile | 0.717 | Bullish | -28.15% |
| Greece | 0.749 | Bearish | -13.98% |
| Israel | 0.767 | Bullish | 21.54% |
| Italy | 0.772 | Bearish | -10.04% |
| Spain | 0.944 | Bullish | -11.84% |
| Peru | 1.046 | Bullish | -22.73% |
| Czech Republic | 1.067 | Bearish | -6.89% |
| Norway | 1.269 | Bearish | -0.10% |
| Malaysia | 1.322 | Bullish | -9.45% |
| Vietnam | 1.444 | Bearish | -7.43% |
| Taiwan | 1.513 | Bullish | 5.82% |
| Australia | 1.572 | Bullish | -20.24% |
| Ireland | 1.575 | Bearish | -19.40% |
| Korea, South | 1.603 | Bearish | 0.06% |
| India | 1.677 | Bearish | -12.54% |
| Indonesia | 1.884 | Bullish | -7.34% |
| United Kingdom | 1.930 | Bullish | 6.14% |
| United Arab Emirates | 1.933 | Bearish | -16.86% |
| Mexico | 2.093 | Bearish | -18.12% |
| France | 2.119 | Bullish | 56.40% |
| Germany | 2.209 | Bearish | -17.71% |
| Canada | 2.244 | Bearish | -33.09% |
| South Africa | 2.264 | Bearish | -0.63% |
| Philippines | 2.284 | Bearish | -3.51% |
| Netherlands | 2.527 | Bullish | -3.73% |
| Singapore | 2.618 | Bearish | -25.41% |
| Switzerland | 2.816 | Bullish | -24.61% |
| Sweden | 2.825 | Bearish | -25.57% |
| Qatar | 2.841 | Bearish | 12.58% |
| Denmark | 2.854 | Bearish | -9.29% |
| Belgium | 2.903 | Bearish | -5.19% |
| Finland | 3.445 | Bearish | -24.77% |
| Japan | 3.956 | Bearish | -13.56% |
| Portugal | 4.314 | Bullish | 6.24% |
| Thailand | 4.487 | Bullish | -13.24% |
| China | 6.019 | Bullish | -20.67% |
| United States | 6.085 | Bullish | -17.83% |
| New Zealand | 7.355 | Bullish | -9.46% |
| Hong Kong SAR | 7.720 | Bullish | -15.01% |
| Country | PE/Total Return | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % Aug 30 2022 |
|---|---|---|---|---|---|---|---|
| Colombia | 0.291 | 50.00% | 0.15 | 0.436 | Bearish | Aug 14, 2022 | -9.29% |
| Brazil | 0.321 | 60.00% | 0.19 | 0.514 | Bullish | July 24, 2022 | 21.54% |
| Pakistan | 0.349 | 70.00% | 0.24 | 0.594 | Bullish | July 31, 2022 | -20.24% |
| Austria | 0.539 | 20.00% | 0.11 | 0.647 | Bearish | June 5, 2022 | -33.09% |
| Turkey | 0.424 | 70.00% | 0.30 | 0.721 | Bullish | July 17, 2022 | 56.40% |
| Poland | 0.496 | 50.00% | 0.25 | 0.745 | Bearish | Aug 14, 2022 | -43.48% |
| Israel | 0.767 | 0.00% | 0.00 | 0.767 | Bearish | Aug 28, 2022 | -18.12% |
| Argentina | 0.456 | 70.00% | 0.32 | 0.776 | Bullish | July 24, 2022 | 0.56% |
| Egypt | 0.541 | 50.00% | 0.27 | 0.811 | Bearish | Aug 28, 2022 | -19.62% |
| Hungary | 0.626 | 40.00% | 0.25 | 0.876 | Bearish | Aug 28, 2022 | -29.73% |
| Chile | 0.717 | 30.00% | 0.22 | 0.933 | Bullish | Aug 21, 2022 | 30.39% |
| Italy | 0.772 | 50.00% | 0.39 | 1.158 | Bullish | July 24, 2022 | -20.67% |
| Norway | 1.269 | -5.00% | -0.06 | 1.205 | Bullish | July 24, 2022 | 6.24% |
| Greece | 0.749 | 70.00% | 0.52 | 1.274 | Bearish | Aug 28, 2022 | -5.19% |
| Spain | 0.944 | 40.00% | 0.38 | 1.321 | Bearish | June 05, 2022 | -6.89% |
| Czech Republic | 1.067 | 30.00% | 0.32 | 1.387 | Bearish | Aug 14, 2022 | -0.63% |
| Australia | 1.572 | -10.00% | -0.16 | 1.415 | Bearish | August 28, 2022 | -5.92% |
| Peru | 1.046 | 40.00% | 0.42 | 1.465 | Bearish | Aug 14, 2022 | -12.54% |
| Malaysia | 1.322 | 20.00% | 0.26 | 1.587 | Bullish | July 17, 2022 | -7.34% |
| Vietnam | 1.444 | 20.00% | 0.29 | 1.733 | Bullish | July 31, 2022 | -24.61% |
| Taiwan | 1.513 | 20.00% | 0.30 | 1.816 | Bearish | Sep 26, 2021 | -25.41% |
| Korea, South | 1.603 | 20.00% | 0.32 | 1.923 | Bullish | Mar 13, 2022 | -28.15% |
| Ireland | 1.575 | 30.00% | 0.47 | 2.047 | Bullish | July 17, 2022 | -22.73% |
| United Arab Emirates | 1.933 | 10.00% | 0.19 | 2.126 | Bearish | Aug 05, 2022 | -0.10% |
| Canada | 2.244 | 0.00% | 0.00 | 2.244 | Bullish | July 17, 2020 | -9.46% |
| United Kingdom | 1.930 | 20.00% | 0.39 | 2.316 | Bearish | Jun 07, 2020 | 0.06% |
| India | 1.677 | 40.00% | 0.67 | 2.347 | Bullish | July 17, 2022 | 6.14% |
| Switzerland | 2.816 | -15.00% | -0.42 | 2.394 | Bearish | June 12, 2022 | -16.86% |
| Indonesia | 1.884 | 30.00% | 0.57 | 2.449 | Bullish | July 17, 2022 | 5.82% |
| Germany | 2.209 | 20.00% | 0.44 | 2.651 | Bearish | May 01, 2022 | -24.77% |
| France | 2.119 | 30.00% | 0.64 | 2.755 | Bearish | May 01, 2022 | -13.56% |
| Netherlands | 2.527 | 10.00% | 0.25 | 2.780 | Bearish | Aug 28, 2022 | -25.57% |
| Sweden | 2.825 | 0.00% | 0.00 | 2.825 | Bearish | Aug 21, 2022 | -23.20% |
| Singapore | 2.618 | 10.00% | 0.26 | 2.880 | Bearish | Aug 14, 2022 | -13.98% |
| Qatar | 2.841 | 10.00% | 0.28 | 3.125 | Bearish | Aug 28, 2022 | 12.58% |
| Denmark | 2.854 | 10.00% | 0.29 | 3.139 | Bearish | July 31, 2022 | -7.43% |
| Mexico | 2.093 | 50.00% | 1.05 | 3.139 | Bullish | Aug 07, 2022 | -9.45% |
| South Africa | 2.264 | 40.00% | 0.91 | 3.169 | Bearish | Aug 14, 2022 | -10.04% |
| Philippines | 2.284 | 40.00% | 0.91 | 3.198 | Bullish | May 15, 2022 | -3.73% |
| Finland | 3.445 | -5.00% | -0.17 | 3.273 | Bullish | Mar 06, 2022 | -11.84% |
| Belgium | 2.903 | 30.00% | 0.87 | 3.774 | Bullish | Mar 13, 2022 | -15.01% |
| Portugal | 4.314 | 30.00% | 1.29 | 5.608 | Bearish | Aug 28, 2022 | 10.77% |
| Thailand | 4.487 | 30.00% | 1.35 | 5.833 | Bearish | June 31, 2022 | -3.51% |
| Japan | 3.956 | 50.00% | 1.98 | 5.934 | Bearish | Aug 28, 2022 | -17.71% |
| New Zealand | 7.355 | -10.00% | -0.74 | 6.619 | Bullish | May 29, 2022 | -13.24% |
| China | 6.019 | 30.00% | 1.81 | 7.825 | Bearish | July 10, 2022 | -19.40% |
| United States | 6.085 | 30.00% | 1.83 | 7.910 | Bullish | June 19, 2022 | -17.83% |
| Hong Kong SAR | 7.720 | 10.00% | 0.77 | 8.492 | Bullish | May 15, 2022 | -11.46% |
Country Value and Growth Factors May 31, 2022
| Country | 2022 Real GDP Projected Annual Growth Rate % | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % May 31 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 4.0 | 3.38 | 2.98 | 7.38 | 0.404 | 0.32 | Bearish | May 29, 2022 | MSCI Argentina | 1.75% |
| Australia | 4.2 | 4.85 | 15.98 | 9.05 | 1.766 | 2.27 | Bullish | Mar 13, 2022 | MSCI Australia USD | 1.01% |
| Austria | 2.6 | 4.10 | 7.52 | 6.70 | 1.122 | 0.94 | Bullish | May 15, 2022 | MSCI Austria | -18.35% |
| Belgium | 2.1 | 2.48 | 15.73 | 4.58 | 3.434 | 1.48 | Bullish | Mar 13, 2022 | MSCI Belgium | -9.59% |
| Brazil | 1.5 | 10.37 | 6.03 | 11.87 | 0.508 | 1.71 | Bullish | May 15, 2022 | MSCI Brazil Net USD | 29.90% |
| Canada | 3.9 | 2.92 | 14.88 | 6.82 | 2.182 | 2.07 | Bullish | Nov 01, 2020 | MSCI Canada Net USD | -0.56% |
| Chile | 1.5 | 3.93 | 12.36 | 5.43 | 2.276 | 1.6 | Bullish | May 22, 2022 | MSCI Chile Net USD | 34.87% |
| China | 4.3 | 2.26 | 13.86 | 6.56 | 2.113 | 1.39 | Bullish | May 15, 2022 | MSCI China Net USD | -16.19% |
| Colombia | 5.8 | 3.75 | 8.68 | 9.55 | 0.909 | 1.5 | Bullish | May 22, 2022 | MSCI Colombia | 32.16% |
| Czech Republic | 2.3 | 5.41 | 13.67 | 7.71 | 1.773 | 2.19 | Bearish | May 22, 2022 | MSCI Czech Republic Net USD | 12.15% |
| Denmark | 2.3 | 1.98 | 17.87 | 4.28 | 4.175 | 4.82 | Bearish | May 01, 2022 | MSCI Denmark | -7.90% |
| Egypt | 6.1 | 4.64 | 5.95 | 10.74 | 0.554 | 1.41 | Bearish | May 08, 2022 | MSCI Egypt | -17.20% |
| Finland | 1.6 | 3.24 | 22.65 | 4.84 | 4.680 | 2.32 | Bullish | Mar 06, 2022 | MSCI Finland | -11.40% |
| France | 2.9 | 2.80 | 16.72 | 5.70 | 2.933 | 1.78 | Bearish | May 01, 2022 | MSCI France | -10.01% |
| Germany | 2.1 | 3.47 | 13.03 | 5.57 | 2.339 | 1.4 | Bearish | May 01, 2022 | MSCI Germany | -15.53% |
| Greece | 3.5 | 2.48 | -8.40 | 5.98 | -1.405 | 0.98 | Bearish | May 01, 2022 | MSCI Greece | 2.02% |
| Hong Kong SAR | 0.5 | 3.15 | 17.98 | 3.65 | 4.926 | 1.19 | Bullish | May 15, 2022 | MSCI Hong Kong | -5.48% |
| Hungary | 3.7 | 1.80 | 5.30 | 5.50 | 0.964 | 0.82 | Bullish | May 29, 2022 | MSCI Hungary | -33.38% |
| India | 7.5 | 1.27 | 23.69 | 8.77 | 2.701 | 3.46 | Bearish | May 01, 2022 | MSCI India Net USD | 4.18% |
| Indonesia | 5.1 | 3.06 | 17.88 | 8.16 | 2.191 | 2.57 | Bearish | May 08, 2022 | MSCI Indonesia USD | 8.61% |
| Ireland | 5.2 | 1.65 | 22.80 | 6.85 | 3.328 | 2.08 | Bearish | Mar 20, 2022 | MSCI Ireland | -20.21% |
| Israel | 5.0 | 1.85 | 14.20 | 6.85 | 2.073 | 1.83 | Bearish | Apr 24, 2022 | MSCI Israel | -19.47% |
| Italy | 2.3 | 4.67 | 9.97 | 6.97 | 1.430 | 1.2 | Bearish | Nov 21, 2021 | MSCI Italy | -11.58% |
| Japan | 2.4 | 2.41 | 13.55 | 4.81 | 2.817 | 1.33 | Bullish | Mar 13, 2022 | MSCI Japan USD | -13.32% |
| Korea, South | 2.5 | 2.12 | 10.21 | 4.62 | 2.210 | 1.1 | Bullish | Mar 13, 2022 | MSCI Korea USD | -13.75% |
| Malaysia | 5.6 | 3.95 | 16.60 | 9.55 | 1.738 | 1.59 | Bullish | Mar 22, 2020 | MSCI Malaysia USD | -1.93% |
| Mexico | 2.0 | 3.18 | 14.00 | 5.18 | 2.703 | 1.99 | Bullish | May 15, 2022 | MSCI Mexico USD | 3.43% |
| Netherlands | 3.0 | 2.03 | 19.83 | 5.03 | 3.942 | 2.47 | Bullish | May 22, 2022 | MSCI Netherlands | -21.85% |
| New Zealand | 2.7 | 2.54 | 21.52 | 5.24 | 4.107 | 2.57 | Bullish | May 29, 2022 | MSCI New Zealand | -16.13% |
| Norway | 4.0 | 3.59 | 13.31 | 7.59 | 1.754 | 2.26 | Bearish | Oct 24, 2021 | MSCI Norway | 9.69% |
| Pakistan | 4.0 | 7.21 | 4.94 | 11.21 | 0.441 | 0.75 | Bearish | Apr 17, 2022 | MSCI Pakistan Net USD | -9.41% |
| Peru | 3.0 | 4.43 | 10.46 | 7.43 | 1.408 | 1.71 | Bullish | May 15, 2022 | MSCI Peru | 4.12% |
| Philippines | 6.5 | 1.63 | 21.66 | 8.13 | 2.664 | 1.83 | Bullish | May 15, 2022 | MSCI Philippines USD | -1.82% |
| Poland | 3.7 | 3.16 | 6.88 | 6.86 | 1.003 | 1.06 | Bullish | May 15, 2022 | MSCI Poland USD | -14.94% |
| Portugal | 4.0 | 3.30 | 110.02 | 7.30 | 15.071 | 2.61 | Bullish | Mar 06, 2022 | MSCI Portugal | 6.96% |
| Qatar | 3.4 | 3.32 | 16.34 | 6.72 | 2.432 | 2.2 | Bearish | May 15, 2022 | MSCI Qatar | 9.55% |
| Russia | -8.9 | - | - | - | - | - | MSCI Russia USD | |||
| Singapore | 4.0 | 3.44 | 21.49 | 7.44 | 2.888 | 1.41 | Bullish | Mar 13, 2022 | MSCI Singapore | -11.84% |
| South Africa | 2.0 | 3.65 | 11.12 | 5.65 | 1.968 | 1.93 | Bullish | May 22, 2022 | MSCI South Africa USD | 5.18% |
| Spain | 4.8 | 3.54 | 12.49 | 8.34 | 1.498 | 1.21 | Bullish | Mar 06, 2022 | MSCI Spain | 2.36% |
| Sweden | 2.9 | 3.22 | 16.73 | 6.12 | 2.734 | 2.09 | Bearish | May 01, 2022 | MSCI Sweden | -14.64% |
| Switzerland | 2.2 | 2.76 | 17.30 | 4.96 | 3.488 | 3.22 | Bullish | Mar 13, 2022 | MSCI Switzerland | -11.45% |
| Taiwan | 3.1 | 2.79 | 13.05 | 5.93 | 2.201 | 2.46 | Bearish | Sep 26, 2021 | MSCI Taiwan USD | -13.41% |
| Thailand | 2.9 | 2.60 | 22.50 | 5.50 | 4.091 | 2.12 | Bullish | May 15, 2022 | MSCI Thailand USD | 1.64% |
| Turkey | 2.3 | 4.23 | 6.39 | 6.53 | 0.979 | 1.55 | Bullish | Jan 02, 2022 | MSCI Turkey | 28.70% |
| United Arab Emirates | 4.2 | 2.93 | 15.11 | 7.13 | 2.119 | 2.01 | Bullish | May 08, 2022 | MSCI UAE Gross USD | 7.08% |
| United Kingdom | 3.7 | 3.77 | 14.23 | 7.47 | 1.905 | 1.86 | Bearish | Jun 07, 2020 | MSCI UK | -15.01% |
| United States | 2.5 | 1.52 | 20.73 | 4.02 | 5.157 | 4.17 | Bullish | Mar 13, 2022 | MSCI USA USD | -9.16% |
| Vietnam | 6.0 | 1.42 | 14.17 | 7.42 | 1.910 | 2.58 | Bearish | Jul 04, 2021 | MSCI Vietnam | -20.93% |
Russia is now considered uninvestable by MSCI and other ETF and Investment companies. Funds are being closed.
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Balanced Economy Score | Global Competitiveness Index | Competitiveness Score | Population Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score |
| Argentina | 49 | -4 | 58 | -5 | 7 | -1 | 1 | 0 | 57.2 | 0 | 1 | -1 | -2 |
| Australia | 0.85 | 1 | 5.1 | -2 | 3.9 | -1 | 2.3 | -1 | 78.75 | 3 | 2 | 0 | |
| Austria | 0 | 1 | 8 | -2 | 5.7 | -1 | 2.5 | -1 | 76.61 | 3 | 0 | 0 | |
| Belgium | 0 | 1 | 8.97 | -3 | 5.7 | -1 | -0.2 | 0 | 76.38 | 3 | 0 | 0 | |
| Brazil | 12.75 | -2 | 12.13 | -3 | 10.5 | -2 | -1.8 | -1 | 60.93 | 0 | 0 | -1 | -2 |
| Canada | 1.5 | 0 | 6.8 | -2 | 5.2 | -1 | 0.1 | 0 | 79.59 | 3 | 1 | 0 | |
| Chile | 9 | -2 | 11.5 | -3 | 7.7 | -1 | 1.4 | 0 | 70.54 | 2 | 1 | -1 | 0 |
| China | 3.7 | -1 | 2.1 | -1 | 6.1 | -1 | 1.8 | -1 | 73.9 | 2 | -1 | -1 | |
| Colombia | 6 | -1 | 9.07 | -3 | 11.2 | -2 | -3.4 | -1 | 62.73 | 0 | 1 | -1 | -2 |
| Czech Republic | 5.75 | -1 | 14.2 | -3 | 3.2 | -1 | 3.6 | -1 | 70.85 | 2 | -1 | -1 | |
| Denmark | -0.6 | -1 | 6.7 | -2 | 2.4 | 0 | 7.8 | -2 | 81.17 | 4 | -1 | 2 | |
| Egypt | 11.25 | -2 | 13.5 | -3 | 7.2 | -1 | -4.6 | -1 | 54.54 | 0 | 2 | -3 | |
| Finland | 0 | 1 | 5.7 | -2 | 6.9 | -1 | 0.3 | 0 | 80.25 | 4 | -1 | 2 | |
| France | 0 | 1 | 5.2 | -2 | 7.3 | -1 | -1 | 0 | 78.81 | 3 | -1 | 0 | |
| Germany | 0 | 1 | 7.9 | -2 | 5 | -1 | 7 | -2 | 81.8 | 4 | -1 | 1 | |
| Greece | 0 | 1 | 11.3 | -3 | 12.2 | -2 | -6.7 | -2 | 62.58 | 0 | -2 | -2 | |
| Hong Kong | 1.25 | 0 | 1.3 | 0 | 5.4 | -1 | 6.6 | -2 | 83.14 | 4 | -2 | 1 | |
| Hungary | 5.9 | -1 | 10.7 | -3 | 3.5 | -1 | 0 | 0 | 65.08 | 1 | -2 | -2 | |
| India | 4.9 | -1 | 7.79 | -2 | 7.8 | -1 | -1.7 | -1 | 61.36 | 0 | 1 | -2 | |
| Indonesia | 3.5 | 0 | 3.55 | -1 | 5.83 | -1 | 0.3 | 0 | 64.63 | 0 | 1 | -2 | |
| Ireland | 0 | 1 | 7.8 | -2 | 4.7 | -1 | 4.6 | -1 | 75.12 | 3 | 1 | 0 | |
| Israel | 0.75 | 1 | 4 | -1 | 3.5 | -1 | 4.9 | -1 | 76.74 | 3 | 2 | 0 | |
| Italy | 0 | 1 | 6.9 | -2 | 8.4 | -2 | 3.6 | -1 | 71.53 | 2 | -2 | -1 | |
| Japan | -0.1 | -1 | 2.5 | -1 | 2.5 | 0 | 3.2 | -1 | 82.27 | 4 | -2 | 0 | |
| Korea, South | 1.75 | 0 | 5.4 | -2 | 2.7 | 0 | 3.5 | -1 | 79.62 | 3 | -1 | 0 | |
| Malaysia | 2 | 0 | 2.3 | -1 | 3.9 | -1 | 1 | 0 | 74.6 | 2 | 2 | -1 | -1 |
| Mexico | 7 | -1 | 7.65 | -2 | 3 | -1 | 2.4 | -1 | 64.95 | 0 | 1 | -1 | -3 |
| Netherlands | 0 | 1 | 8.8 | -3 | 3.2 | -1 | 7.8 | -2 | 82.39 | 4 | 0 | 1 | |
| New Zealand | 2 | 0 | 6.9 | -2 | 3.2 | -1 | -2.7 | -1 | 76.75 | 3 | 2 | 2 | |
| Norway | 0.75 | 1 | 5.7 | -2 | 3.3 | -1 | 2 | -1 | 78.05 | 3 | 0 | 1 | |
| Pakistan | 13.75 | -2 | 13.8 | -3 | 4.4 | -1 | -0.6 | 0 | 51.36 | 0 | 2 | -4 | |
| Peru | 5.5 | -1 | 8.78 | -3 | 8.3 | -2 | 0.7 | 0 | 61.66 | 0 | 2 | -1 | -3 |
| Philippines | 2.25 | 0 | 5.4 | -2 | 5.7 | -1 | 3.6 | -1 | 61.87 | 0 | 2 | -1 | -3 |
| Poland | 6 | -1 | 13.9 | -3 | 5.2 | -1 | 3.6 | -1 | 68.89 | 1 | -1 | -1 | |
| Portugal | 0 | 1 | 8 | -2 | 5.9 | -1 | -1.2 | 0 | 70.45 | 2 | -1 | 0 | |
| Qatar | 2.75 | 0 | 4.66 | -2 | 0.1 | -1 | -2.5 | -1 | 66.74 | 1 | 2 | 0 | |
| Russia | 11 | -2 | 17.1 | -4 | 4 | -1 | 6.8 | -2 | 66.74 | 1 | -2 | -4 | |
| Singapore | 0.64 | 1 | 5.4 | -2 | 2.2 | 0 | 17.6 | -3 | 84.78 | 4 | -2 | 1 | |
| South Africa | 4.75 | -1 | 5.9 | -2 | 34.5 | -5 | 3.7 | -1 | 62.44 | 0 | 2 | -1 | -1 |
| Spain | 0 | 1 | 8.7 | -3 | 13.65 | -2 | 0.7 | 0 | 75.28 | 3 | 0 | 0 | |
| Sweden | 0.25 | 1 | 6.4 | -2 | 8.2 | -2 | 5.2 | -2 | 81.25 | 4 | 0 | 1 | |
| Switzerland | -0.75 | -1 | 2.9 | -1 | 2.1 | 0 | 3.8 | -1 | 82.33 | 4 | 0 | 1 | |
| Taiwan | 1.38 | 0 | 3.39 | -1 | 3.68 | -1 | 9.5 | -2 | 80.24 | 4 | -1 | 0 | |
| Thailand | 0.5 | 1 | 7.1 | -2 | 1.53 | 0 | 4.2 | -1 | 68.11 | 1 | -1 | -3 | |
| Turkey | 14 | -2 | 73.5 | -5 | 11.3 | -2 | -1.7 | -1 | 61 | 0 | 1 | -1 | -2 |
| United Arab Emirates | 2.25 | 0 | 2.5 | -1 | 5 | -1 | 5.9 | -2 | 75.01 | 3 | 1 | 0 | |
| United Kingdom | 1 | 1 | 9 | -3 | 3.7 | -1 | -3.5 | -1 | 81.2 | 4 | 0 | 1 | |
| United States | 0.25 | 1 | 8.6 | -3 | 3.6 | -1 | -3.1 | -1 | 83.67 | 4 | 0 | -1 | 0 |
| Vietnam | 4 | -1 | 2.86 | -1 | 2.46 | 0 | 5 | -1 | 61.54 | 0 | 1 | -2 | |
| Socioeconomic Risk | Sovereign Risk | Political Risk | Conflict Risk | Extraordinary Event Risks | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Corporate Tax Rate | Corporate Tax Rate Score | Average Credit Ratings | Average Credit Ratings Score | Government Debt as % of GDP | Debt Score | Political Stability | Government Friendly to Business | Trade Dispute Cases on WTO | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.12 | Territorial Disputes/ Wars | Internal Conflict/ Terrorism | Natural Disasters, Banking Crisis, Political Crisis, etc | Total Score | % Modifier |
| Argentina | 25 | 0 | 15 | -4 | 102 | -2 | 2 | -1 | -1 | 0 | -1 | -19 | 70.00% | ||
| Australia | 30 | -1 | 100 | 2 | 24.8 | 1 | 1 | -1 | -1 | 0 | 0 | -2 | 1 | -5.00% | |
| Austria | 25 | 0 | 96 | 1 | 82.8 | -1 | 1 | -2 | 0 | 0 | -1 | -2 | 0.00% | ||
| Belgium | 25 | 0 | 86 | 0 | 108 | -2 | 1 | -2 | 0 | -1 | -1 | -5 | 20.00% | ||
| Brazil | 34 | -2 | 42 | -2 | 88.83 | -1 | 2 | -1 | -1 | 0 | -1 | -17 | 60.00% | ||
| Canada | 26.5 | -1 | 100 | 2 | 118 | -2 | 1 | 1 | -1 | -1 | 0 | 0 | 0 | 0.00% | |
| Chile | 27 | -1 | 76 | -1 | 33 | 0 | 2 | -1 | -1 | 0 | -1 | -7 | 30.00% | ||
| China | 25 | 0 | 80 | -1 | 66.8 | 0 | 2 | -1 | -2 | -1 | -1 | 0 | -1 | -9 | 30.00% |
| Colombia | 31 | -2 | 55 | -1 | 62.8 | 0 | 2 | -1 | -1 | -12 | 40.00% | ||||
| Czech Republic | 19 | 0 | 85 | 0 | 41.9 | 0 | 1 | -2 | 0 | 0 | -7 | 30.00% | |||
| Denmark | 22 | 0 | 100 | 2 | 36.7 | 0 | 1 | -2 | 0 | -2 | -1 | -2 | 0.00% | ||
| Egypt | 22.5 | 0 | 31 | -3 | 88 | -1 | 2 | -1 | -1 | -12 | 40.00% | ||||
| Finland | 20 | 0 | 96 | 1 | 65.8 | 0 | 1 | -2 | 0 | 0 | 3 | -10.00% | |||
| France | 26.5 | -1 | 92 | 0 | 113 | -2 | 1 | -2 | 0 | -1 | -1 | -6 | 20.00% | ||
| Germany | 30 | -1 | 100 | 2 | 69.3 | 0 | 1 | -2 | 0 | -1 | -1 | -2 | 0.00% | ||
| Greece | 24 | 0 | 43 | -2 | 193 | -3 | 2 | 1 | -2 | -1 | -1 | -1 | -17 | 60.00% | |
| Hong Kong | 16.5 | 0 | 90 | 0 | 38.4 | 0 | 2 | -1 | 0 | -1 | 0 | 0.00% | |||
| Hungary | 9 | 2 | 58 | -1 | 76.8 | 0 | 2 | -2 | 0 | 0 | -7 | 30.00% | |||
| India | 25.17 | -1 | 56 | -1 | 73.95 | 0 | 2 | -2 | -1 | -1 | -10 | 40.00% | |||
| Indonesia | 22 | 0 | 60 | -1 | 38.5 | 0 | 2 | -1 | -1 | -1 | -1 | -6 | 20.00% | ||
| Ireland | 12.5 | 1 | 80 | -1 | 59.5 | 0 | 1 | -2 | -1 | 0 | -1 | -1 | -3 | 10.00% | |
| Israel | 23 | 0 | 81 | 0 | 68.8 | 0 | 1 | -1 | -1 | -1 | 1 | -5.00% | |||
| Italy | 24 | 0 | 61 | -1 | 151 | -3 | 1 | -2 | 0 | -1 | -1 | -12 | 40.00% | ||
| Japan | 30.62 | -2 | 77 | -1 | 266 | -4 | 2 | -1 | -1 | -1 | -9 | 30.00% | |||
| Korea, South | 25 | 0 | 86 | 0 | 42.6 | 0 | 2 | -1 | -1 | -1 | 0 | -1 | -3 | 10.00% | |
| Malaysia | 24 | 0 | 70 | -1 | 60.7 | 0 | 1 | -1 | -1 | -2 | 0.00% | ||||
| Mexico | 30 | -1 | 60 | -1 | 52.1 | 0 | 2 | -1 | -1 | 0 | 0 | -10 | 40.00% | ||
| Netherlands | 25 | 0 | 98 | 1 | 52.1 | 0 | 1 | 1 | -2 | 0 | 0 | 1 | -5.00% | ||
| New Zealand | 28 | -1 | 93 | 0 | 30.1 | 0 | 1 | -1 | 0 | 0 | -2 | 0 | 0.00% | ||
| Norway | 22 | 0 | 100 | 2 | 43.2 | 0 | 1 | 0 | 0 | 4 | -10.00% | ||||
| Pakistan | 29 | -1 | 25 | -3 | 87 | -1 | 1 | -1 | -1 | -14 | 50.00% | ||||
| Peru | 29.5 | -1 | 62 | -1 | 35.4 | 0 | 1 | -1 | 0 | -1 | -11 | 40.00% | |||
| Philippines | 30 | -1 | 61 | -1 | 53.5 | 0 | 2 | -1 | -1 | -8 | 30.00% | ||||
| Poland | 19 | 0 | 71 | -1 | 53.8 | 0 | 1 | -2 | 0 | 0 | -9 | 30.00% | |||
| Portugal | 21 | 0 | 72 | -1 | 127 | -2 | 1 | -2 | 0 | 0 | -2 | -7 | 30.00% | ||
| Qatar | 10 | 1 | 85 | 0 | 71.8 | 0 | 2 | 0 | 0 | 2 | -5.00% | ||||
| Russia | 20 | 0 | 14 | -4 | 18.2 | 1 | 2 | -1 | -4 | -1 | -4 | -1 | -26 | 80.00% | |
| Singapore | 17 | 0 | 100 | 2 | 131 | -2 | 2 | 1 | -1 | -1 | -1 | -1 | 0.00% | ||
| South Africa | 28 | -1 | 41 | -2 | 69.9 | 0 | 2 | 0 | 0 | -10 | 40.00% | ||||
| Spain | 25 | 0 | 71 | -1 | 118 | -2 | 1 | -2 | -1 | -1 | -1 | -8 | 30.00% | ||
| Sweden | 20.6 | 0 | 100 | 2 | 36.7 | 0 | 1 | -2 | 0 | 0 | 1 | -5.00% | |||
| Switzerland | 14.93 | 1 | 100 | 2 | 41.4 | 0 | 2 | 0 | 0 | -1 | 6 | -15.00% | |||
| Taiwan | 20 | 0 | 88 | 0 | 28.2 | 0 | 2 | -1 | 0 | -3 | -3 | 10.00% | |||
| Thailand | 20 | 0 | 65 | -1 | 50.5 | 0 | 2 | -1 | -1 | -6 | 20.00% | ||||
| Turkey | 23 | 0 | 35 | -3 | 42 | 0 | 2 | -1 | -1 | -2 | -1 | -18 | 60.00% | ||
| United Arab Emirates | 0 | -1 | 90 | 0 | 36.9 | 0 | 2 | -2 | -1 | -2 | 0.00% | ||||
| United Kingdom | 19 | 0 | 90 | 0 | 94 | -1 | 1 | -1 | -1 | -1 | -1 | -3 | 10.00% | ||
| United States | 21 | 0 | 98 | 1 | 137 | -2 | 1 | -2 | 0 | -1 | -1 | -5 | 20.00% | ||
| Vietnam | 20 | 0 | 43 | -2 | 46.7 | 0 | 2 | -1 | 0 | -5 | 20.00% | ||||
Notes
(a) factors are COVID-19 by combined infection rate and death rate
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Aug 30 2022 |
|---|---|---|---|
| Argentina | 0.32 | Bearish | 1.75% |
| Pakistan | 0.75 | Bearish | -9.41% |
| Hungary | 0.82 | Bullish | -33.38% |
| Austria | 0.94 | Bullish | -18.35% |
| Greece | 0.98 | Bearish | 2.02% |
| Poland | 1.06 | Bullish | -14.94% |
| Korea, South | 1.1 | Bullish | -13.75% |
| Hong Kong SAR | 1.19 | Bullish | -5.48% |
| Italy | 1.2 | Bearish | -11.58% |
| Spain | 1.21 | Bullish | 2.36% |
| Japan | 1.33 | Bullish | -13.32% |
| China | 1.39 | Bullish | -16.19% |
| Germany | 1.4 | Bearish | -15.53% |
| Egypt | 1.41 | Bearish | -17.20% |
| Singapore | 1.41 | Bullish | -11.84% |
| Belgium | 1.48 | Bullish | -9.59% |
| Colombia | 1.5 | Bullish | 32.16% |
| Turkey | 1.55 | Bullish | 28.70% |
| Malaysia | 1.59 | Bullish | -1.93% |
| Chile | 1.6 | Bullish | 34.87% |
| Brazil | 1.71 | Bullish | 29.90% |
| Peru | 1.71 | Bullish | 4.12% |
| France | 1.78 | Bearish | -10.01% |
| Israel | 1.83 | Bearish | -19.47% |
| Philippines | 1.83 | Bullish | -1.82% |
| United Kingdom | 1.86 | Bearish | -15.01% |
| South Africa | 1.93 | Bullish | 5.18% |
| Mexico | 1.99 | Bullish | 3.43% |
| United Arab Emirates | 2.01 | Bullish | 7.08% |
| Canada | 2.07 | Bullish | -0.56% |
| Ireland | 2.08 | Bearish | -20.21% |
| Sweden | 2.09 | Bearish | -14.64% |
| Thailand | 2.12 | Bullish | 1.64% |
| Czech Republic | 2.19 | Bearish | 12.15% |
| Qatar | 2.2 | Bearish | 9.55% |
| Norway | 2.26 | Bearish | 9.69% |
| Australia | 2.27 | Bullish | 1.01% |
| Finland | 2.32 | Bullish | -11.40% |
| Taiwan | 2.46 | Bearish | -13.41% |
| Netherlands | 2.47 | Bullish | -21.85% |
| Indonesia | 2.57 | Bearish | 8.61% |
| New Zealand | 2.57 | Bullish | -16.13% |
| Vietnam | 2.58 | Bearish | -20.93% |
| Portugal | 2.61 | Bullish | 6.96% |
| Switzerland | 3.22 | Bullish | -11.45% |
| India | 3.46 | Bearish | 4.18% |
| United States | 4.17 | Bullish | -9.16% |
| Denmark | 4.82 | Bearish | -7.90% |
| Russia | - | - | - |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % May 31 2022 |
|---|---|---|---|
| Greece | -1.405 | Bearish | 2.02% |
| Argentina | 0.404 | Bearish | 1.75% |
| Pakistan | 0.441 | Bearish | -9.41% |
| Brazil | 0.508 | Bullish | 29.90% |
| Egypt | 0.554 | Bearish | -17.20% |
| Colombia | 0.909 | Bullish | 32.16% |
| Hungary | 0.964 | Bullish | -33.38% |
| Turkey | 0.979 | Bullish | 28.70% |
| Poland | 1.003 | Bullish | -14.94% |
| Austria | 1.122 | Bullish | -18.35% |
| Peru | 1.408 | Bullish | 4.12% |
| Italy | 1.430 | Bearish | -11.58% |
| Spain | 1.498 | Bullish | 2.36% |
| Malaysia | 1.738 | Bullish | -1.93% |
| Norway | 1.754 | Bearish | 9.69% |
| Australia | 1.766 | Bullish | 1.01% |
| Czech Republic | 1.773 | Bearish | 12.15% |
| United Kingdom | 1.905 | Bearish | -15.01% |
| Vietnam | 1.910 | Bearish | -20.93% |
| South Africa | 1.968 | Bullish | 5.18% |
| Israel | 2.073 | Bearish | -19.47% |
| China | 2.113 | Bullish | -16.19% |
| United Arab Emirates | 2.119 | Bullish | 7.08% |
| Canada | 2.182 | Bullish | -0.56% |
| Indonesia | 2.191 | Bearish | 8.61% |
| Taiwan | 2.201 | Bearish | -13.41% |
| Korea, South | 2.210 | Bullish | -13.75% |
| Chile | 2.276 | Bullish | 34.87% |
| Germany | 2.339 | Bearish | -15.53% |
| Qatar | 2.432 | Bearish | 9.55% |
| Philippines | 2.664 | Bullish | -1.82% |
| India | 2.701 | Bearish | 4.18% |
| Mexico | 2.703 | Bullish | 3.43% |
| Sweden | 2.734 | Bearish | -14.64% |
| Japan | 2.817 | Bullish | -13.32% |
| Singapore | 2.888 | Bullish | -11.84% |
| France | 2.933 | Bearish | -10.01% |
| Ireland | 3.328 | Bearish | -20.21% |
| Belgium | 3.434 | Bullish | -9.59% |
| Switzerland | 3.488 | Bullish | -11.45% |
| Netherlands | 3.942 | Bullish | -21.85% |
| Thailand | 4.091 | Bullish | 1.64% |
| New Zealand | 4.107 | Bullish | -16.13% |
| Denmark | 4.175 | Bearish | -7.90% |
| Finland | 4.680 | Bullish | -11.40% |
| Hong Kong SAR | 4.926 | Bullish | -5.48% |
| United States | 5.157 | Bullish | -9.16% |
| Portugal | 15.071 | Bullish | 6.96% |
| Russia | - | - | - |
| Country | PE/Total Return | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % May 31 2022 |
|---|---|---|---|---|---|---|---|
| Greece | -1.405 | 60% | -0.82 | -2.247 | Bearish | Feb 27, 2022 | 39.62% |
| Pakistan | 0.441 | 50% | 0.22 | 0.661 | Bearish | Apr 17, 2022 | -9.41% |
| Argentina | 0.404 | 70% | 0.28 | 0.686 | Bearish | May 29, 2022 | 1.75% |
| Egypt | 0.554 | 40% | 0.22 | 0.776 | Bearish | May 08, 2022 | -17.20% |
| Brazil | 0.508 | 60% | 0.30 | 0.813 | Bullish | May 15, 2022 | 29.90% |
| Austria | 1.122 | 0% | 0.00 | 1.122 | Bullish | May 15, 2022 | -18.35% |
| Hungary | 0.964 | 30% | 0.29 | 1.253 | Bullish | May 29, 2022 | -33.38% |
| Colombia | 0.909 | 40% | 0.36 | 1.272 | Bullish | May 22, 2022 | 32.16% |
| Poland | 1.003 | 30% | 0.30 | 1.304 | Bullish | May 15, 2022 | -14.94% |
| Turkey | 0.979 | 60% | 0.59 | 1.566 | Bullish | Jan 02, 2022 | 28.70% |
| Norway | 1.754 | -10% | -0.18 | 1.578 | Bearish | Oct 24, 2021 | 9.69% |
| Australia | 1.766 | -5% | -0.09 | 1.677 | Bullish | Mar 13, 2022 | 1.01% |
| Malaysia | 1.738 | 0% | 0.00 | 1.738 | Bullish | Mar 22, 2020 | -1.93% |
| Spain | 1.498 | 30% | 0.45 | 1.947 | Bullish | Mar 06, 2022 | 2.36% |
| Israel | 2.073 | -5% | -0.10 | 1.969 | Bearish | Apr 24, 2022 | -19.47% |
| Peru | 1.408 | 40% | 0.56 | 1.971 | Bullish | May 15, 2022 | 4.12% |
| Italy | 1.430 | 40% | 0.57 | 2.003 | Bearish | Nov 21, 2021 | -11.58% |
| Canada | 2.182 | -5% | -0.11 | 2.073 | Bullish | Nov 01, 2020 | -0.56% |
| United Kingdom | 1.905 | 10% | 0.19 | 2.095 | Bearish | Jun 07, 2020 | -15.01% |
| United Arab Emirates | 2.119 | 0% | 0.00 | 2.119 | Bullish | May 08, 2022 | 7.08% |
| Vietnam | 1.910 | 20% | 0.38 | 2.292 | Bearish | Jul 04, 2021 | -20.93% |
| Czech Republic | 1.773 | 30% | 0.53 | 2.305 | Bearish | May 22, 2022 | 12.15% |
| Qatar | 2.432 | -5% | -0.12 | 2.310 | Bearish | May 15, 2022 | 9.55% |
| Germany | 2.339 | 0% | 0.00 | 2.339 | Bearish | May 01, 2022 | -15.53% |
| Taiwan | 2.201 | 10% | 0.22 | 2.421 | Bearish | Sep 26, 2021 | -13.41% |
| Korea, South | 2.210 | 10% | 0.22 | 2.431 | Bullish | Mar 13, 2022 | -13.75% |
| Sweden | 2.734 | -5% | -0.14 | 2.597 | Bearish | May 01, 2022 | -14.64% |
| Indonesia | 2.191 | 20% | 0.44 | 2.629 | Bearish | May 08, 2022 | 8.61% |
| China | 2.113 | 30% | 0.63 | 2.747 | Bullish | May 15, 2022 | -16.19% |
| South Africa | 1.968 | 40% | 0.79 | 2.755 | Bullish | May 22, 2022 | 5.18% |
| Singapore | 2.888 | 0% | 0.00 | 2.888 | Bullish | Mar 13, 2022 | -11.84% |
| Chile | 2.276 | 30% | 0.68 | 2.959 | Bullish | May 22, 2022 | 34.87% |
| Switzerland | 3.488 | -15% | -0.52 | 2.965 | Bullish | Mar 13, 2022 | -11.45% |
| Philippines | 2.664 | 30% | 0.80 | 3.463 | Bullish | May 15, 2022 | -1.82% |
| France | 2.933 | 20% | 0.59 | 3.520 | Bearish | May 01, 2022 | -10.01% |
| Ireland | 3.328 | 10% | 0.33 | 3.661 | Bearish | Mar 20, 2022 | -20.21% |
| Japan | 2.817 | 30% | 0.85 | 3.662 | Bullish | Mar 13, 2022 | -13.32% |
| Netherlands | 3.942 | -5% | -0.20 | 3.745 | Bullish | May 22, 2022 | -21.85% |
| India | 2.701 | 40% | 1.08 | 3.782 | Bearish | May 01, 2022 | 4.18% |
| Mexico | 2.703 | 40% | 1.08 | 3.784 | Bullish | May 15, 2022 | 3.43% |
| New Zealand | 4.107 | 0% | 0.00 | 4.107 | Bullish | May 29, 2022 | -16.13% |
| Belgium | 3.434 | 20% | 0.69 | 4.121 | Bullish | Mar 13, 2022 | -9.59% |
| Denmark | 4.175 | 0% | 0.00 | 4.175 | Bearish | May 01, 2022 | -7.90% |
| Finland | 4.680 | -10% | -0.47 | 4.212 | Bullish | Mar 06, 2022 | -11.40% |
| Thailand | 4.091 | 20% | 0.82 | 4.909 | Bullish | May 15, 2022 | 1.64% |
| Hong Kong SAR | 4.926 | 0% | 0.00 | 4.926 | Bullish | May 15, 2022 | -5.48% |
| United States | 5.157 | 20% | 1.03 | 6.188 | Bullish | Mar 13, 2022 | -9.16% |
| Portugal | 15.071 | 30% | 4.52 | 19.593 | Bullish | Mar 06, 2022 | 6.96% |
| Russia | - | 80% | - | - |
Country Value and Growth Factors February 28, 2022
| Country | 2022 Real GDP Projected Annual Growth Rate % | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Feb 28 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 3.0 | 2.02 | 3.24 | 5.02 | 0.645 | 0.33 | Bullish | Jan 23, 2022 | MSCI Argentina | -0.22% |
| Australia | 4.1 | 4.83 | 15.99 | 8.93 | 1.791 | 2.25 | Bearish | Aug 15, 2021 | MSCI Australia USD | -2.31% |
| Austria | 4.5 | 3.56 | 9.10 | 8.06 | 1.129 | 1 | Bearish | Nov 14, 2021 | MSCI Austria | -15.86% |
| Belgium | 3.1 | 2.19 | 15.22 | 5.29 | 2.877 | 1.59 | Bearish | Feb 21, 2021 | MSCI Belgium | -6.10% |
| Brazil | 0.3 | 8.08 | 6.02 | 8.38 | 0.718 | 1.85 | Bullish | Jan 09, 2022 | MSCI Brazil Net USD | 20.93% |
| Canada | 4.1 | 2.79 | 16.89 | 6.89 | 2.451 | 2.17 | Bullish | Nov 01, 2020 | MSCI Canada Net USD | 0.42% |
| Chile | 2.5 | 3.72 | 12.85 | 6.22 | 2.066 | 1.4 | Bullish | Jan 09, 2022 | MSCI Chile Net USD | 16.87% |
| China | 4.8 | 1.93 | 12.98 | 6.73 | 1.929 | 1.54 | Bearish | Feb 20, 2022 | MSCI China Net USD | -6.13% |
| Colombia | 3.8 | 1.19 | 15.49 | 4.99 | 3.104 | 1.38 | Bullish | Nov 28, 2021 | MSCI Colombia | 16.89% |
| Czech Republic | 4.5 | 4.76 | 16.09 | 9.26 | 1.738 | 1.91 | Bearish | Feb 27, 2022 | MSCI Czech Republic Net USD | 1.09% |
| Denmark | 3.0 | 1.99 | 19.87 | 4.99 | 3.982 | 4.74 | Bearish | Jan 02, 2022 | MSCI Denmark | -8.25% |
| Egypt | 5.6 | 1.69 | 7.54 | 7.29 | 1.034 | 1.61 | Bearish | Feb 20, 2022 | MSCI Egypt | -4.67% |
| Finland | 3.0 | 3.15 | 13.97 | 6.15 | 2.272 | 2.16 | Bearish | Sep 12, 2021 | MSCI Finland | -11.76% |
| France | 3.5 | 2.25 | 17.13 | 5.75 | 2.979 | 1.95 | Bearish | Nov 21, 2021 | MSCI France | -7.78% |
| Germany | 3.8 | 2.90 | 13.18 | 6.70 | 1.967 | 1.57 | Bearish | Nov 21, 2021 | MSCI Germany | -10.24% |
| Greece | 4.6 | 2.35 | -9.50 | 6.95 | -1.367 | 1.01 | Bearish | Feb 27, 2022 | MSCI Greece | 4.61% |
| Hong Kong SAR | 3.5 | 2.96 | 21.38 | 6.46 | 3.310 | 1.25 | Bearish | Sep 12, 2021 | MSCI Hong Kong | -2.12% |
| Hungary | 5.1 | 1.44 | 7.04 | 6.54 | 1.076 | 1.08 | Bearish | Nov 07, 2021 | MSCI Hungary | -20.05% |
| India | 9.0 | 1.10 | 25.47 | 10.10 | 2.522 | 3.64 | Bearish | Nov 21, 2021 | MSCI India Net USD | -6.62% |
| Indonesia | 5.6 | 2.32 | 19.11 | 7.92 | 2.413 | 2.49 | Bullish | Aug 29, 2021 | MSCI Indonesia USD | 4.86% |
| Ireland | 3.5 | 1.39 | 25.75 | 4.89 | 5.266 | 2.35 | Bearish | Sep 26, 2021 | MSCI Ireland | -12.06% |
| Israel | 4.1 | 1.36 | 15.73 | 5.46 | 2.881 | 2.03 | Bearish | May 09, 2021 | MSCI Israel | -7.40% |
| Italy | 3.8 | 3.52 | 15.25 | 7.32 | 2.083 | 1.28 | Bearish | Nov 21, 2021 | MSCI Italy | -7.84% |
| Japan | 3.3 | 2.37 | 14.45 | 5.67 | 2.549 | 1.35 | Bearish | Sep 26, 2021 | MSCI Japan USD | -6.02% |
| Korea, South | 3.0 | 2.10 | 12.10 | 5.10 | 2.373 | 1.18 | Bearish | Feb 21, 2021 | MSCI Korea USD | -9.52% |
| Malaysia | 5.7 | 4.21 | 16.43 | 9.91 | 1.658 | 1.63 | Bullish | Mar 22, 2020 | MSCI Malaysia USD | 2.92% |
| Mexico | 2.8 | 2.67 | 15.28 | 5.47 | 2.793 | 2.16 | Bullish | Feb 06, 2022 | MSCI Mexico USD | 0.67% |
| Netherlands | 3.3 | 1.62 | 21.77 | 4.92 | 4.425 | 2.76 | Bearish | Nov 21, 2021 | MSCI Netherlands | -15.22% |
| New Zealand | 3.3 | 2.34 | 25.69 | 5.64 | 4.555 | 2.8 | Bullish | Jan 30, 2022 | MSCI New Zealand | -10.17% |
| Norway | 4.1 | 3.61 | 14.58 | 7.71 | 1.891 | 2.07 | Bearish | Oct 24, 2021 | MSCI Norway | 2.81% |
| Pakistan | 4.0 | 5.64 | 6.37 | 9.64 | 0.661 | 0.93 | Bearish | Nov 07, 2021 | MSCI Pakistan Net USD | -0.56% |
| Peru | 4.6 | 2.16 | 16.12 | 6.76 | 2.385 | 1.97 | Bullish | Jan 02, 2022 | MSCI Peru | 20.17% |
| Philippines | 6.3 | 1.23 | 26.06 | 7.53 | 3.461 | 2.04 | Bullish | Aug 15, 2021 | MSCI Philippines | 6.02% |
| Poland | 4.6 | 2.75 | 10.36 | 7.35 | 1.410 | 1.19 | Bearish | Jan 16, 2022 | MSCI Poland USD | -14.94% |
| Portugal | 5.1 | 2.80 | 58.47 | 7.90 | 7.401 | 2.48 | Bearish | Feb 06, 2022 | MSCI Portugal | -3.88% |
| Qatar | 4.0 | 3.07 | 16.92 | 7.07 | 2.393 | 1.91 | Bullish | Feb 27, 2022 | MSCI Qatar | 10.14% |
| Russia | -1.5 | 10.63 | 4.11 | 9.13 | 0.450 | 0.68 | Bearish | Jan 09, 2022 | MSCI Russia USD | -57.65% |
| Singapore | 3.2 | 3.39 | 21.92 | 6.59 | 3.326 | 1.42 | Bearish | May 09, 2021 | MSCI Singapore | -1.95% |
| South Africa | 1.9 | 3.12 | 12.00 | 5.02 | 2.390 | 2.17 | Bullish | Jan 30, 2022 | MSCI South Africa USD | 10.78% |
| Spain | 5.8 | 2.79 | 13.06 | 8.59 | 1.520 | 1.23 | Bearish | Nov 21, 2021 | MSCI Spain | -2.49% |
| Sweden | 3.4 | 2.80 | 10.93 | 6.20 | 1.763 | 2.17 | Bearish | Nov 21, 2021 | MSCI Sweden | -14.64% |
| Switzerland | 3.0 | 2.56 | 20.27 | 5.56 | 3.646 | 3.38 | Bearish | Feb 27, 2022 | MSCI Switzerland | -8.11% |
| Taiwan | 4.4 | 2.60 | 15.42 | 7.00 | 2.203 | 2.77 | Bearish | Sep 26, 2021 | MSCI Taiwan USD | -5.24% |
| Thailand | 4.1 | 2.59 | 23.69 | 6.69 | 3.541 | 2.21 | Bearish | Nov 21, 2021 | MSCI Thailand USD | 5.57% |
| Turkey | 3.3 | 4.11 | 5.95 | 7.41 | 0.803 | 1.17 | Bullish | Oct 17, 2021 | MSCI Turkey | 4.50% |
| United Arab Emirates | 3.0 | 2.61 | 18.25 | 5.61 | 3.253 | 2.05 | Bullish | May 31, 2020 | MSCI UAE Gross USD | 10.44% |
| United Kingdom | 4.7 | 3.72 | 15.91 | 8.42 | 1.890 | 1.88 | Bearish | Jun 07, 2020 | MSCI UK | 0.42% |
| United States | 4.0 | 1.42 | 22.89 | 5.42 | 4.223 | 4.46 | Bearish | Jan 16, 2022 | MSCI USA USD | -9.16% |
| Vietnam | 6.6 | 1.10 | 15.97 | 7.70 | 2.074 | 3.13 | Bearish | Jul 04, 2021 | MSCI Vietnam | -6.87% |
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Balanced Economy Score | Global Competitiveness Index | Competitiveness Score | Population Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score |
| Argentina | 40 | -4 | 50.7 | -5 | 8.2 | -2 | 1 | 0 | 57.2 | 0 | 1 | -1 | -2 |
| Australia | 0.1 | 1 | 3.5 | -1 | 4.2 | -1 | 2.5 | -1 | 78.75 | 3 | 2 | 0 | |
| Austria | 0 | 1 | 5.9 | -2 | 7.3 | -1 | 2.5 | -1 | 76.61 | 3 | 0 | 0 | |
| Belgium | 0 | 1 | 8.04 | -3 | 5.6 | -1 | -0.2 | 0 | 76.38 | 3 | 0 | 0 | |
| Brazil | 10.75 | -2 | 10.38 | -3 | 11.1 | -2 | -0.72 | 0 | 60.93 | 0 | 0 | -1 | -2 |
| Canada | 0.5 | 1 | 5.1 | -2 | 6.5 | -1 | -1.9 | -1 | 79.59 | 3 | 1 | 0 | |
| Chile | 5.5 | -1 | 7.8 | -2 | 7.3 | -1 | 1.4 | 0 | 70.54 | 2 | 1 | -1 | 0 |
| China | 3.7 | -1 | 0.9 | 0 | 5.1 | -1 | 1.8 | -1 | 73.9 | 2 | -1 | -1 | |
| Colombia | 4 | -1 | 8.01 | -3 | 14.6 | -2 | -3.4 | -1 | 62.73 | 0 | 1 | -1 | -2 |
| Czech Republic | 4.5 | -1 | 9.9 | -3 | 3.5 | -1 | 3.6 | -1 | 70.85 | 2 | -1 | -1 | |
| Denmark | -0.6 | -1 | 4.3 | -2 | 2.7 | 0 | 7.8 | -2 | 81.17 | 4 | -1 | 2 | |
| Egypt | 8.25 | -2 | 7.3 | -2 | 7.4 | -1 | -4.6 | -1 | 54.54 | 0 | 2 | -3 | |
| Finland | 0 | 1 | 4.4 | -2 | 7.5 | -1 | 0.3 | 0 | 80.25 | 4 | -1 | 2 | |
| France | 0 | 1 | 3.6 | -1 | 7.4 | -1 | -1 | 0 | 78.81 | 3 | -1 | 0 | |
| Germany | 0 | 1 | 5.1 | -2 | 5 | -1 | 7 | -2 | 81.8 | 4 | -1 | 1 | |
| Greece | 0 | 1 | 6.2 | -2 | 12.8 | -2 | -6.7 | -2 | 62.58 | 0 | -2 | -2 | |
| Hong Kong | 0.86 | 1 | 1.2 | 0 | 3.9 | -1 | 6.6 | -2 | 83.14 | 4 | -2 | 1 | |
| Hungary | 3.4 | 0 | 8.3 | -3 | 3.8 | -1 | 0 | 0 | 65.08 | 1 | -2 | -2 | |
| India | 4 | -1 | 6.01 | -2 | 8 | -2 | 0.9 | 0 | 61.36 | 0 | 1 | -2 | |
| Indonesia | 3.5 | 0 | 2.06 | -1 | 6.49 | -1 | 0.3 | 0 | 64.63 | 0 | 1 | -2 | |
| Ireland | 0 | 1 | 5 | -2 | 5.2 | -1 | 4.6 | -1 | 75.12 | 3 | 1 | 0 | |
| Israel | 0.1 | 1 | 3.1 | -1 | 3.9 | -1 | 4.9 | -1 | 76.74 | 3 | 2 | 0 | |
| Italy | 0 | 1 | 5.7 | -2 | 8.8 | -2 | 3.6 | -1 | 71.53 | 2 | -2 | -1 | |
| Japan | -0.1 | -1 | 0.5 | 0 | 2.8 | 0 | 3.2 | -1 | 82.27 | 4 | -2 | 0 | |
| Korea, South | 1.25 | 0 | 3.7 | -1 | 3.6 | -1 | 3.5 | -1 | 79.62 | 3 | -1 | 0 | |
| Malaysia | 1.75 | 0 | 2.3 | -1 | 4.2 | -1 | 1 | 0 | 74.6 | 2 | 2 | -1 | -1 |
| Mexico | 6 | -1 | 7.28 | -2 | 3.7 | -1 | 2.4 | -1 | 64.95 | 0 | 1 | -1 | -3 |
| Netherlands | 0 | 1 | 6.4 | -2 | 3.6 | -1 | 7.8 | -2 | 82.39 | 4 | 0 | 1 | |
| New Zealand | 1 | 1 | 5.9 | -2 | 3.2 | -1 | -2.7 | -1 | 76.75 | 3 | 2 | 2 | |
| Norway | 0.5 | 1 | 3.2 | -1 | 3.4 | -1 | 2 | -1 | 78.05 | 3 | 0 | 1 | |
| Pakistan | 9.75 | -2 | 12.2 | -3 | 4.4 | -1 | -0.6 | 0 | 51.36 | 0 | 2 | -4 | |
| Peru | 3.5 | 0 | 6.15 | -2 | 8.6 | -2 | 0.7 | 0 | 61.66 | 0 | 2 | -1 | -3 |
| Philippines | 2 | 0 | 3 | -1 | 6.6 | -1 | 3.6 | -1 | 61.87 | 0 | 2 | -1 | -3 |
| Poland | 3.5 | 0 | 9.2 | -3 | 5.5 | -1 | 3.6 | -1 | 68.89 | 1 | -1 | -1 | |
| Portugal | 0 | 1 | 4.2 | -2 | 6.3 | -1 | -1.2 | 0 | 70.45 | 2 | -1 | 0 | |
| Qatar | 2.5 | 0 | 4.16 | -2 | 0.1 | -1 | -2.5 | -1 | 66.74 | 1 | 2 | 0 | |
| Russia | 20 | -3 | 8.73 | -3 | 4.4 | -1 | 2.4 | -1 | 66.74 | 1 | -2 | -4 | |
| Singapore | 0.33 | 1 | 4 | -1 | 2.4 | 0 | 17.6 | -3 | 84.78 | 4 | -2 | 1 | |
| South Africa | 4 | -1 | 5.7 | -2 | 34.9 | -5 | 2.2 | -1 | 62.44 | 0 | 2 | -1 | -1 |
| Spain | 0 | 1 | 7.4 | -2 | 13.33 | -2 | 0.7 | 0 | 75.28 | 3 | 0 | 0 | |
| Sweden | 0 | 1 | 3.7 | -1 | 8.3 | -2 | 5.2 | -2 | 81.25 | 4 | 0 | 1 | |
| Switzerland | -0.75 | -1 | 2.2 | -1 | 2.5 | 0 | 3.8 | -1 | 82.33 | 4 | 0 | 1 | |
| Taiwan | 1.13 | 0 | 2.36 | -1 | 3.7 | -1 | 9.5 | -2 | 80.24 | 4 | -1 | 0 | |
| Thailand | 0.5 | 1 | 5.28 | -2 | 1.64 | 0 | 4.2 | -1 | 68.11 | 1 | -1 | -3 | |
| Turkey | 14 | -2 | 54.44 | -5 | 11.2 | -2 | -5.1 | -2 | 61 | 0 | 1 | -1 | -2 |
| United Arab Emirates | 1.5 | 0 | 2.5 | -1 | 5 | -1 | 5.9 | -2 | 75.01 | 3 | 1 | 0 | |
| United Kingdom | 0.5 | 1 | 5.5 | -2 | 4.1 | -1 | -3.5 | -1 | 81.2 | 4 | 0 | 1 | |
| United States | 0.25 | 1 | 7.5 | -2 | 3.8 | -1 | -3.1 | -1 | 83.67 | 4 | 0 | -1 | 0 |
| Vietnam | 4 | -1 | 1.42 | 0 | 3.72 | -1 | 5 | -1 | 61.54 | 0 | 1 | -2 | |
| Socioeconomic Risk | Sovereign Risk | Political Risk | Conflict Risk | Extraordinary Event Risks | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Corporate Tax Rate | Corporate Tax Rate Score | Average Credit Ratings | Average Credit Ratings Score | Government Debt as % of GDP | Debt Score | Political Stability | Government Friendly to Business | Trade Dispute Cases on WTO | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.12 | Territorial Disputes/ Wars | Internal Conflict/ Terrorism | Natural Disasters, Banking Crisis, Political Crisis, etc | Total Score | % Modifier |
| Argentina | 25 | 0 | 15 | -4 | 102 | -2 | 2 | -1 | -1 | 0 | -2 | -21 | 70.00% | ||
| Australia | 30 | -1 | 100 | 2 | 24.8 | 1 | 1 | -1 | -1 | 0 | 0 | -2 | 2 | -5.00% | |
| Austria | 25 | 0 | 96 | 1 | 83.9 | -1 | 1 | -2 | 0 | 0 | -2 | -3 | 10.00% | ||
| Belgium | 25 | 0 | 86 | 0 | 114 | -2 | 1 | -2 | 0 | -1 | -2 | -6 | 20.00% | ||
| Brazil | 34 | -2 | 42 | -2 | 88.83 | -1 | 2 | -1 | -1 | 0 | -2 | -17 | 60.00% | ||
| Canada | 26.5 | -1 | 100 | 2 | 118 | -2 | 2 | 1 | -1 | -1 | 0 | 0 | -2 | -1 | 0.00% |
| Chile | 27 | -1 | 76 | -1 | 33 | 0 | 2 | -1 | -1 | 0 | -2 | -6 | 20.00% | ||
| China | 25 | 0 | 80 | -1 | 66.8 | 0 | 2 | -1 | -2 | -1 | -1 | 0 | -4 | -11 | 40.00% |
| Colombia | 31 | -2 | 55 | -1 | 62.8 | 0 | 2 | -1 | -1 | -12 | 40.00% | ||||
| Czech Republic | 19 | 0 | 83 | 0 | 38.1 | 0 | 1 | -2 | 0 | 0 | -2 | -9 | 30.00% | ||
| Denmark | 22 | 0 | 100 | 2 | 42.2 | 0 | 1 | -2 | 0 | -2 | -2 | -3 | 10.00% | ||
| Egypt | 22.5 | 0 | 30 | -3 | 88 | -1 | 2 | -1 | -1 | -11 | 40.00% | ||||
| Finland | 20 | 0 | 96 | 1 | 69.2 | 0 | 1 | -2 | 0 | 0 | 3 | -10.00% | |||
| France | 26.5 | -1 | 92 | 0 | 116 | -2 | 2 | -2 | 0 | -1 | -2 | -5 | 20.00% | ||
| Germany | 30 | -1 | 100 | 2 | 69.8 | 0 | 1 | -2 | 0 | -1 | -1 | -2 | 0.00% | ||
| Greece | 24 | 0 | 43 | -2 | 206 | -4 | 2 | 1 | -2 | -1 | -1 | -2 | -18 | 60.00% | |
| Hong Kong | 16.5 | 0 | 90 | 0 | 38.4 | 0 | 1 | -1 | 0 | -1 | -3 | -3 | 10.00% | ||
| Hungary | 9 | 2 | 58 | -1 | 80.4 | -1 | 2 | -2 | 0 | 0 | -2 | -9 | 30.00% | ||
| India | 25.17 | -1 | 56 | -1 | 73.95 | 0 | 2 | -2 | -1 | -1 | -10 | 40.00% | |||
| Indonesia | 22 | 0 | 60 | -1 | 38.5 | 0 | 2 | -1 | -1 | -1 | -1 | -1 | -7 | 30.00% | |
| Ireland | 12.5 | 1 | 78 | -1 | 59.5 | 0 | 1 | -2 | -1 | 0 | -1 | -2 | -4 | 10.00% | |
| Israel | 23 | 0 | 81 | 0 | 70.3 | 0 | 1 | -1 | -1 | -2 | 0 | 0.00% | |||
| Italy | 24 | 0 | 61 | -1 | 156 | -3 | 1 | -2 | 0 | -1 | -2 | -13 | 50.00% | ||
| Japan | 30.62 | -2 | 77 | -1 | 266 | -4 | 2 | -1 | -1 | -1 | -2 | -10 | 40.00% | ||
| Korea, South | 25 | 0 | 86 | 0 | 42.6 | 0 | 2 | -1 | -1 | -1 | 0 | -1 | -3 | 10.00% | |
| Malaysia | 24 | 0 | 70 | -1 | 60.7 | 0 | 1 | -1 | -1 | -2 | -4 | 10.00% | |||
| Mexico | 30 | -1 | 60 | -1 | 52.1 | 0 | 2 | -1 | -1 | 0 | 0 | -1 | -11 | 40.00% | |
| Netherlands | 25 | 0 | 98 | 1 | 54.5 | 0 | 1 | 1 | -2 | 0 | 0 | 2 | -5.00% | ||
| New Zealand | 28 | -1 | 93 | 0 | 30.1 | 0 | 1 | -1 | 0 | 0 | -1 | 2 | -5.00% | ||
| Norway | 22 | 0 | 100 | 2 | 46 | 0 | 1 | 0 | 0 | -1 | 4 | -10.00% | |||
| Pakistan | 29 | -1 | 25 | -3 | 87 | -1 | 1 | -1 | -1 | -14 | 50.00% | ||||
| Peru | 29.5 | -1 | 62 | -1 | 35.4 | 0 | 1 | -1 | 0 | -1 | -1 | -10 | 40.00% | ||
| Philippines | 30 | -1 | 61 | -1 | 53.5 | 0 | 2 | -1 | -1 | -7 | 30.00% | ||||
| Poland | 19 | 0 | 71 | -1 | 57.5 | 0 | 1 | -2 | 0 | 0 | -2 | -10 | 40.00% | ||
| Portugal | 21 | 0 | 72 | -1 | 134 | -2 | 1 | -2 | 0 | 0 | -1 | -6 | 20.00% | ||
| Qatar | 10 | 1 | 85 | 0 | 71.8 | 0 | 2 | 0 | 0 | 2 | -5.00% | ||||
| Russia | 20 | 0 | 45 | -2 | 17.8 | 1 | 2 | -1 | -4 | -1 | -4 | -1 | -2 | -25 | 70.00% |
| Singapore | 17 | 0 | 100 | 2 | 131 | -2 | 2 | 1 | -1 | -1 | -1 | 0 | 0.00% | ||
| South Africa | 28 | -1 | 41 | -2 | 69.9 | 0 | 2 | 0 | 0 | -10 | 40.00% | ||||
| Spain | 25 | 0 | 71 | -1 | 119 | -2 | 1 | -2 | -1 | -1 | -2 | -8 | 30.00% | ||
| Sweden | 20.6 | 0 | 100 | 2 | 39.9 | 0 | 1 | -2 | 0 | 0 | -2 | 0 | 0.00% | ||
| Switzerland | 14.93 | 1 | 100 | 2 | 42.9 | 0 | 2 | 0 | 0 | -1 | 6 | -15.00% | |||
| Taiwan | 20 | 0 | 86 | 0 | 28.2 | 0 | 2 | -1 | 0 | 0 | 0.00% | ||||
| Thailand | 20 | 0 | 65 | -1 | 50.5 | 0 | 2 | -1 | -1 | -1 | -7 | 30.00% | |||
| Turkey | 25 | 0 | 35 | -3 | 39.5 | 0 | 2 | -1 | -1 | -2 | -1 | -2 | -21 | 70.00% | |
| United Arab Emirates | 0 | -1 | 90 | 0 | 36.9 | 0 | 2 | -2 | -1 | -2 | 0.00% | ||||
| United Kingdom | 19 | 0 | 90 | 0 | 94.9 | -1 | 2 | -1 | -1 | -1 | -2 | -2 | 0.00% | ||
| United States | 21 | 0 | 98 | 1 | 128 | -2 | 1 | -2 | 0 | -1 | -2 | -5 | 20.00% | ||
| Vietnam | 20 | 0 | 43 | -2 | 46.7 | 0 | 2 | -1 | 0 | -5 | 20.00% | ||||
Notes
(a) factors are COVID-19 by combined infection rate and death rate
(b) Australia also includes flooding
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % February 28 2022 |
|---|---|---|---|
| Argentina | 0.33 | Bullish | -0.22% |
| Russia | 0.68 | Bearish | -57.65% |
| Pakistan | 0.93 | Bearish | -0.56% |
| Austria | 1 | Bearish | -15.86% |
| Greece | 1.01 | Bearish | 4.61% |
| Hungary | 1.08 | Bearish | -20.05% |
| Turkey | 1.17 | Bullish | 4.50% |
| Korea, South | 1.18 | Bearish | -9.52% |
| Poland | 1.19 | Bearish | -14.94% |
| Spain | 1.23 | Bearish | -2.49% |
| Hong Kong SAR | 1.25 | Bearish | -2.12% |
| Italy | 1.28 | Bearish | -7.84% |
| Japan | 1.35 | Bearish | -6.02% |
| Colombia | 1.38 | Bullish | 16.89% |
| Chile | 1.4 | Bullish | 16.87% |
| Singapore | 1.42 | Bearish | -1.95% |
| China | 1.54 | Bearish | -6.13% |
| Germany | 1.57 | Bearish | -10.24% |
| Belgium | 1.59 | Bearish | -6.10% |
| Egypt | 1.61 | Bearish | -4.67% |
| Malaysia | 1.63 | Bullish | 2.92% |
| Brazil | 1.85 | Bullish | 20.93% |
| United Kingdom | 1.88 | Bearish | 0.42% |
| Czech Republic | 1.91 | Bearish | 1.09% |
| Qatar | 1.91 | Bullish | 10.14% |
| France | 1.95 | Bearish | -7.78% |
| Peru | 1.97 | Bullish | 20.17% |
| Israel | 2.03 | Bearish | -7.40% |
| Philippines | 2.04 | Bullish | 6.02% |
| United Arab Emirates | 2.05 | Bullish | 10.44% |
| Norway | 2.07 | Bearish | 2.81% |
| Finland | 2.16 | Bearish | -11.76% |
| Mexico | 2.16 | Bullish | 0.67% |
| Canada | 2.17 | Bullish | 0.42% |
| South Africa | 2.17 | Bullish | 10.78% |
| Sweden | 2.17 | Bearish | -14.64% |
| Thailand | 2.21 | Bearish | 5.57% |
| Australia | 2.25 | Bearish | -2.31% |
| Ireland | 2.35 | Bearish | -12.06% |
| Portugal | 2.48 | Bearish | -3.88% |
| Indonesia | 2.49 | Bullish | 4.86% |
| Netherlands | 2.76 | Bearish | -15.22% |
| Taiwan | 2.77 | Bearish | -5.24% |
| New Zealand | 2.8 | Bullish | -10.17% |
| Vietnam | 3.13 | Bearish | -6.87% |
| Switzerland | 3.38 | Bearish | -8.11% |
| India | 3.64 | Bearish | -6.62% |
| United States | 4.46 | Bearish | -9.16% |
| Denmark | 4.74 | Bearish | -8.25% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % February 28 2022 |
|---|---|---|---|
| Greece | -1.367 | Bearish | 39.62% |
| Russia | 0.450 | Bearish | 19.62% |
| Argentina | 0.645 | Bullish | 8.09% |
| Pakistan | 0.661 | Bearish | -20.85% |
| Brazil | 0.718 | Bullish | -12.86% |
| Turkey | 0.803 | Bullish | 18.31% |
| Egypt | 1.034 | Bearish | -9.25% |
| Hungary | 1.076 | Bearish | 21.82% |
| Austria | 1.129 | Bearish | 38.74% |
| Poland | 1.410 | Bearish | -17.33% |
| Spain | 1.520 | Bearish | 3.96% |
| Malaysia | 1.658 | Bullish | -23.67% |
| Czech Republic | 1.738 | Bearish | 24.05% |
| Sweden | 1.763 | Bearish | 2.29% |
| Australia | 1.791 | Bearish | 8.03% |
| United Kingdom | 1.890 | Bearish | -16.49% |
| Norway | 1.891 | Bearish | 10.14% |
| China | 1.929 | Bearish | 21.87% |
| Germany | 1.967 | Bearish | 8.34% |
| Chile | 2.066 | Bullish | 9.23% |
| Vietnam | 2.074 | Bearish | 20.31% |
| Italy | 2.083 | Bearish | 1.86% |
| Taiwan | 2.203 | Bearish | -19.17% |
| Finland | 2.272 | Bearish | 16.33% |
| Korea, South | 2.373 | Bearish | 39.04% |
| Peru | 2.385 | Bullish | 5.33% |
| South Africa | 2.390 | Bullish | 3.29% |
| Qatar | 2.393 | Bullish | 20.57% |
| Indonesia | 2.413 | Bullish | 4.10% |
| Canada | 2.451 | Bullish | 1.79% |
| India | 2.522 | Bearish | -13.82% |
| Japan | 2.549 | Bearish | 8.22% |
| Mexico | 2.793 | Bullish | 19.65% |
| Belgium | 2.877 | Bearish | -6.34% |
| Israel | 2.881 | Bearish | 21.20% |
| France | 2.979 | Bearish | 6.32% |
| Colombia | 3.104 | Bullish | -3.12% |
| United Arab Emirates | 3.253 | Bullish | 12.71% |
| Hong Kong SAR | 3.310 | Bearish | 0.99% |
| Singapore | 3.326 | Bearish | 7.87% |
| Philippines | 3.461 | Bullish | 18.77% |
| Thailand | 3.541 | Bearish | 22.41% |
| Switzerland | 3.646 | Bearish | 32.97% |
| Denmark | 3.982 | Bearish | -0.18% |
| United States | 4.223 | Bearish | 12.84% |
| Netherlands | 4.425 | Bearish | 19.49% |
| New Zealand | 4.555 | Bullish | 1.55% |
| Ireland | 5.266 | Bearish | -7.37% |
| Portugal | 7.401 | Bearish | -10.01% |
| Country | PE/Total Return | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % February 28 2022 |
|---|---|---|---|---|---|---|---|
| Greece | -1.367 | 60.00% | -0.82 | -2.187 | Bearish | Feb 27, 2022 | 39.62% |
| Russia | 0.450 | 70.00% | 0.32 | 0.765 | Bearish | Jan 09, 2022 | 19.62% |
| Pakistan | 0.661 | 50.00% | 0.33 | 0.991 | Bearish | Nov 07, 2021 | 8.09% |
| Argentina | 0.645 | 70.00% | 0.45 | 1.097 | Bullish | Jan 23, 2022 | -20.85% |
| Brazil | 0.718 | 60.00% | 0.43 | 1.149 | Bullish | Jan 09, 2022 | -9.25% |
| Austria | 1.129 | 10.00% | 0.11 | 1.242 | Bearish | Nov 14, 2021 | -12.86% |
| Turkey | 0.803 | 70.00% | 0.56 | 1.365 | Bullish | Oct 17, 2021 | 38.74% |
| Hungary | 1.076 | 30.00% | 0.32 | 1.399 | Bearish | Nov 07, 2021 | 18.31% |
| Egypt | 1.034 | 40.00% | 0.41 | 1.448 | Bearish | Feb 20, 2022 | 21.82% |
| Australia | 1.791 | -5.00% | -0.09 | 1.701 | Bearish | Aug 15, 2021 | -17.33% |
| Norway | 1.891 | -10.00% | -0.19 | 1.702 | Bearish | Oct 24, 2021 | -16.49% |
| Sweden | 1.763 | 0.00% | 0.00 | 1.763 | Bearish | Nov 21, 2021 | -23.67% |
| Malaysia | 1.658 | 10.00% | 0.17 | 1.824 | Bullish | Mar 22, 2020 | 8.03% |
| United Kingdom | 1.890 | 0.00% | 0.00 | 1.890 | Bearish | Jun 07, 2020 | 3.96% |
| Germany | 1.967 | 0.00% | 0.00 | 1.967 | Bearish | Nov 21, 2021 | 21.87% |
| Poland | 1.410 | 40.00% | 0.56 | 1.973 | Bearish | Jan 16, 2022 | 24.05% |
| Spain | 1.520 | 30.00% | 0.46 | 1.976 | Bearish | Nov 21, 2021 | 2.29% |
| Finland | 2.272 | -10.00% | -0.23 | 2.044 | Bearish | Sep 12, 2021 | 20.57% |
| Taiwan | 2.203 | 0.00% | 0.00 | 2.203 | Bearish | Sep 26, 2021 | 9.23% |
| Czech Republic | 1.738 | 30.00% | 0.52 | 2.259 | Bearish | Feb 27, 2022 | 5.33% |
| Qatar | 2.393 | -5.00% | -0.12 | 2.274 | Bullish | Feb 27, 2022 | 20.31% |
| Canada | 2.451 | 0.00% | 0.00 | 2.451 | Bullish | Nov 01, 2020 | 39.04% |
| Chile | 2.066 | 20.00% | 0.41 | 2.479 | Bullish | Jan 09, 2022 | 4.10% |
| Vietnam | 2.074 | 20.00% | 0.41 | 2.489 | Bearish | Jul 04, 2021 | 3.29% |
| Korea, South | 2.373 | 10.00% | 0.24 | 2.610 | Bearish | Feb 21, 2021 | 19.65% |
| China | 1.929 | 40.00% | 0.77 | 2.700 | Bearish | Feb 20, 2022 | -13.82% |
| Israel | 2.881 | 0.00% | 0.00 | 2.881 | Bearish | May 09, 2021 | 10.14% |
| Switzerland | 3.646 | -15.00% | -0.55 | 3.099 | Bearish | Feb 27, 2022 | -6.34% |
| Italy | 2.083 | 50.00% | 1.04 | 3.125 | Bearish | Nov 21, 2021 | 8.22% |
| Indonesia | 2.413 | 30.00% | 0.72 | 3.137 | Bullish | Aug 29, 2021 | 1.86% |
| United Arab Emirates | 3.253 | 0.00% | 0.00 | 3.253 | Bullish | May 31, 2020 | 8.34% |
| Singapore | 3.326 | 0.00% | 0.00 | 3.326 | Bearish | May 09, 2021 | 12.71% |
| Peru | 2.385 | 40.00% | 0.95 | 3.338 | Bullish | Jan 02, 2022 | -19.17% |
| South Africa | 2.390 | 40.00% | 0.96 | 3.347 | Bullish | Jan 30, 2022 | 1.79% |
| Belgium | 2.877 | 20.00% | 0.58 | 3.453 | Bearish | Feb 21, 2021 | 6.32% |
| India | 2.522 | 40.00% | 1.01 | 3.530 | Bearish | Nov 21, 2021 | 7.87% |
| Japan | 2.549 | 40.00% | 1.02 | 3.568 | Bearish | Sep 26, 2021 | 16.33% |
| France | 2.979 | 20.00% | 0.60 | 3.575 | Bearish | Nov 21, 2021 | 21.20% |
| Hong Kong SAR | 3.310 | 10.00% | 0.33 | 3.641 | Bearish | Sep 12, 2021 | 32.97% |
| Mexico | 2.793 | 40.00% | 1.12 | 3.911 | Bullish | Feb 06, 2022 | -3.12% |
| Netherlands | 4.425 | -5.00% | -0.22 | 4.204 | Bearish | Nov 21, 2021 | 0.99% |
| New Zealand | 4.555 | -5.00% | -0.23 | 4.327 | Bullish | Jan 30, 2022 | 18.77% |
| Colombia | 3.104 | 40.00% | 1.24 | 4.346 | Bullish | Nov 28, 2021 | 22.41% |
| Denmark | 3.982 | 10.00% | 0.40 | 4.380 | Bearish | Jan 02, 2022 | 19.49% |
| Philippines | 3.461 | 30.00% | 1.04 | 4.499 | Bullish | Aug 15, 2021 | -0.18% |
| Thailand | 3.541 | 30.00% | 1.06 | 4.603 | Bearish | Nov 21, 2021 | 12.84% |
| United States | 4.223 | 20.00% | 0.84 | 5.068 | Bearish | Jan 16, 2022 | 1.55% |
| Ireland | 5.266 | 10.00% | 0.53 | 5.792 | Bearish | Sep 26, 2021 | -7.37% |
| Portugal | 7.401 | 20.00% | 1.48 | 8.882 | Bearish | Feb 06, 2022 | -10.01% |
Country Value and Growth Factors November 30, 2021
| Country | 2021 GDP Projected Annual Growth Rate % | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Nov 30 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 17.90 | 0.00 | 38.36 | 17.90 | 2.143 | 2 | Bullish | Nov 28, 2021 | MSCI Argentina | 16.33% |
| Australia | 3.90 | 4.19 | 18.53 | 8.09 | 2.290 | 2.29 | Bearish | Aug 15, 2021 | MSCI Australia USD | 4.10% |
| Austria | 5.70 | 2.98 | 8.46 | 8.68 | 0.975 | 1.14 | Bearish | Nov 14, 2021 | MSCI Austria | 38.74% |
| Belgium | 4.90 | 2.20 | 14.84 | 7.10 | 2.090 | 1.58 | Bearish | Feb 21, 2021 | MSCI Belgium | 1.86% |
| Brazil | 4.00 | 8.73 | 5.63 | 12.73 | 0.442 | 1.72 | Bearish | Oct 17, 2021 | MSCI Brazil Net USD | -20.85% |
| Canada | 5.40 | 2.66 | 16.73 | 8.06 | 2.076 | 2.17 | Bullish | Nov 01, 2020 | MSCI Canada Net USD | 20.31% |
| Chile | 17.20 | 4.18 | 14.10 | 21.38 | 0.659 | 1.31 | Bearish | Nov 28, 2021 | MSCI Chile Net USD | -9.25% |
| China | 4.90 | 1.74 | 14.15 | 6.64 | 2.131 | 1.7 | Bearish | Sep 12, 2021 | MSCI China Net USD | -19.17% |
| Colombia | 13.20 | 1.55 | 14.56 | 14.75 | 0.987 | 1.12 | Bullish | Aug 08, 2021 | MSCI Colombia | -17.33% |
| Czech Republic | 3.10 | 4.67 | 16.83 | 7.77 | 2.166 | 1.78 | Bullish | Oct 31, 2021 | MSCI Czech Republic Net USD | 39.04% |
| Denmark | 3.60 | 1.15 | 24.05 | 4.75 | 5.063 | 5.31 | Bearish | Sep 26, 2021 | MSCI Denmark | 19.49% |
| Egypt | 7.20 | 1.56 | 9.05 | 8.76 | 1.033 | 1.78 | Bullish | Jul 11, 2021 | MSCI Egypt | 3.96% |
| Finland | 4.20 | 2.63 | 23.56 | 6.83 | 3.449 | 2.5 | Bearish | Sep 12, 2021 | MSCI Finland | 7.87% |
| France | 3.30 | 2.25 | 20.41 | 5.55 | 3.677 | 2 | Bearish | Nov 21, 2021 | MSCI France | 18.77% |
| Germany | 2.50 | 2.38 | 13.65 | 4.88 | 2.797 | 1.66 | Bearish | Nov 21, 2021 | MSCI Germany | 6.32% |
| Greece | 13.40 | 2.54 | -10.92 | 15.94 | -0.685 | 0.93 | Bearish | Nov 21, 2021 | MSCI Greece | 8.09% |
| Hong Kong SAR | 5.40 | 2.93 | 22.25 | 8.33 | 2.671 | 1.27 | Bearish | Sep 12, 2021 | MSCI Hong Kong | -6.34% |
| Hungary | 6.10 | 1.14 | 9.63 | 7.24 | 1.330 | 1.41 | Bearish | Nov 07, 2021 | MSCI Hungary | 24.05% |