COUNTRy INVESTMENT Guide
Past Valuations
Country Value and Growth Factors February 28, 2025
| Country | 2025 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 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 5.0 | 1.35 | 12.78 | 6.35 | 2.013 | 1.53 | Bearish | Feb 2, 2025 | MSCI Argentina | -17.03% |
| Australia | 2.1 | 3.66 | 20.24 | 5.76 | 3.514 | 2.44 | Bearish | Dec 15, 2025 | MSCI Australia USD | -0.16% |
| Austria | 1.1 | 4.78 | 22.85 | 5.88 | 3.886 | 1.26 | Bullish | Dec 8, 2024 | MSCI Austria | 9.14% |
| Belgium | 1.2 | 1.90 | 23.30 | 3.10 | 7.516 | 1.87 | Bullish | Mar 13, 2022 | MSCI Belgium | 5.38% |
| Brazil | 2.2 | 8.00 | 8.87 | 10.20 | 0.870 | 1.46 | Bearish | Feb 23, 2025 | MSCI Brazil Net USD | 6.81% |
| Canada | 2.0 | 2.81 | 20.22 | 4.81 | 4.204 | 2.21 | Bullish | Mar 26, 2023 | MSCI Canada Net USD | 2.81% |
| Chile | 2.4 | 3.50 | 14.92 | 5.90 | 2.529 | 1.37 | Bullish | Jan 19, 2025 | MSCI Chile Net USD | 14.61% |
| China | 4.6 | 2.14 | 14.62 | 6.74 | 2.169 | 1.58 | Bearish | Feb 23, 2025 | MSCI China Net USD | 15.25% |
| Colombia | 2.5 | 7.44 | 7.66 | 9.94 | 0.771 | 1.09 | Bullish | Jan 19, 2025 | MSCI Colombia | 15.71% |
| Czech Republic | 2.3 | 6.08 | 16.44 | 8.38 | 1.962 | 2.02 | Bullish | July 23, 2023 | MSCI Czech Republic Net USD | 10.53% |
| Denmark | 1.6 | 1.70 | 21.52 | 3.30 | 6.521 | 4.51 | Bullish | Feb 16, 2025 | MSCI Denmark | 1.27% |
| Egypt | 3.6 | 1.96 | 6.00 | 5.56 | 1.079 | 4.75 | Bullish | Jun 23, 2024 | MSCI Egypt | -2.42% |
| Finland | 2.0 | 4.89 | 14.17 | 6.89 | 2.057 | 1.8 | Bullish | Oct 29, 2022 | MSCI Finland | 8.88% |
| France | 0.8 | 2.85 | 17.71 | 3.65 | 4.852 | 2.04 | Bearish | Jun 09, 2024 | MSCI France | 9.60% |
| Germany | 0.3 | 2.51 | 17.23 | 2.81 | 6.132 | 1.87 | Bullish | Sep 22, 2024 | MSCI Germany | 12.49% |
| Greece | 2.0 | 4.14 | 7.71 | 6.14 | 1.256 | 1.1 | Bullish | Dec 01, 2024 | MSCI Greece | 10.50% |
| Hong Kong SAR | 3.0 | 4.04 | 15.84 | 7.04 | 2.250 | 0.99 | Bearish | Aug 13, 2022 | MSCI Hong Kong | 6.26% |
| Hungary | 2.9 | 3.54 | 6.46 | 6.44 | 1.003 | 1.08 | Bullish | Nov 26, 2023 | MSCI Hungary | 7.68% |
| India | 6.5 | 1.29 | 23.68 | 7.79 | 3.040 | 3.48 | Bearish | Dec 15, 2024 | MSCI India Net USD | -11.66% |
| Indonesia | 5.1 | 5.76 | 12.66 | 10.86 | 1.166 | 1.8 | Bearish | Dec 15, 2024 | MSCI Indonesia USD | -17.53% |
| Ireland | 2.2 | 2.67 | 11.36 | 4.87 | 2.333 | 1.66 | Bullish | Jan 19, 2025 | MSCI Ireland | 18.72% |
| Israel | 2.7 | 1.44 | 14.71 | 4.14 | 3.553 | 2.35 | Bullish | Nov 17, 2024 | MSCI Israel | 2.29% |
| Italy | 0.7 | 4.55 | 10.27 | 5.25 | 1.956 | 1.59 | Bullish | Dec 01, 2024 | MSCI Italy | 12.79% |
| Japan | 1.1 | 2.33 | 13.83 | 3.43 | 4.032 | 1.43 | Bullish | Nov 03, 2024 | MSCI Japan USD | 0.34% |
| Korea, South | 2.0 | 2.33 | 11.40 | 4.33 | 2.633 | 0.96 | Bearish | Sep 01, 2024 | MSCI Korea USD | 5.64% |
| Malaysia | 4.7 | 4.00 | 14.90 | 8.70 | 1.713 | 1.45 | Bullish | Nov 6, 2022 | MSCI Malaysia USD | -3.63% |
| Mexico | 1.4 | 3.63 | 15.24 | 5.03 | 3.030 | 1.83 | Bullish | Jan 19, 2025 | MSCI Mexico USD | 5.81% |
| Netherlands | 1.6 | 2.01 | 22.89 | 3.61 | 6.341 | 3.03 | Bullish | Feb 09, 2025 | MSCI Netherlands | 3.46% |
| New Zealand | 1.9 | 1.97 | 249.65 | 3.87 | 64.509 | 2.23 | Bearish | Sep 15, 2024 | MSCI New Zealand | -6.85% |
| Norway | 1.9 | 6.18 | 11.64 | 8.05 | 1.446 | 1.81 | Bullish | Oct 8, 2023 | MSCI Norway | 4.69% |
| Pakistan | 3.0 | 7.39 | 5.38 | 10.39 | 0.518 | 1.2 | Bullish | Feb 18, 2024 | MSCI Pakistan Net USD | -4.45% |
| Peru | 2.6 | 3.73 | 12.01 | 6.33 | 1.897 | 2 | Bullish | Oct 27, 2024 | MSCI Peru | -0.82% |
| Philippines | 6.1 | 3.10 | 11.51 | 9.20 | 1.251 | 1.54 | Bullish | Feb 02, 2025 | MSCI Philippines USD | -6.80% |
| Poland | 3.5 | 4.98 | 11.77 | 8.48 | 1.388 | 1.33 | Bullish | Dec 01, 2024 | MSCI Poland USD | 21.91% |
| Portugal | 2.3 | 4.34 | 15.30 | 6.64 | 2.304 | 1.61 | Bearish | Jan 19, 2025 | MSCI Portugal | -0.27% |
| Qatar | 1.9 | 4.53 | 11.55 | 6.43 | 1.796 | 1.48 | Bullish | Dec 17, 2023 | MSCI Qatar | -0.86% |
| Singapore | 2.5 | 3.75 | 15.66 | 6.25 | 2.506 | 1.85 | Bullish | Nov 03, 2024 | MSCI Singapore | 6.00% |
| South Africa | 1.5 | 3.20 | 14.98 | 4.70 | 3.187 | 1.82 | Bearish | Dec 15, 2024 | MSCI South Africa USD | 4.29% |
| Spain | 2.3 | 3.88 | 10.57 | 6.18 | 1.710 | 1.58 | Bearish | Jul 28, 2024 | MSCI Spain | 17.01% |
| Sweden | 2.4 | 2.30 | 19.03 | 4.70 | 4.049 | 2.71 | Bullish | Jan 12, 2025 | MSCI Sweden | 11.08% |
| Switzerland | 1.3 | 2.81 | 19.61 | 4.11 | 4.771 | 3.85 | Bearish | Sep 01, 2024 | MSCI Switzerland | 11.14% |
| Taiwan | 3.1 | 2.37 | 20.30 | 5.51 | 3.684 | 3 | Bullish | Nov 12, 2023 | MSCI Taiwan USD | 0.04% |
| Thailand | 2.9 | 3.51 | 16.43 | 6.41 | 2.563 | 1.57 | Bullish | Dec 22, 2024 | MSCI Thailand USD | -10.17% |
| Turkey | 2.6 | 3.68 | 10.12 | 6.28 | 1.611 | 1.16 | Bearish | Dec 15, 2024 | MSCI Turkey | -3.11% |
| United Arab Emirates | 5.1 | 4.22 | 10.09 | 9.32 | 1.083 | 1.67 | Bullish | Dec 15, 2024 | MSCI UAE Gross USD | 7.58% |
| United Kingdom | 1.6 | 3.52 | 13.47 | 5.12 | 2.631 | 2 | Bearish | Mar 12, 2023 | MSCI UK | 6.65% |
| United States | 2.7 | 1.81 | 27.07 | 4.51 | 6.002 | 5.12 | Bullish | Sep 08, 2024 | MSCI USA USD | 1.40% |
| Vietnam | 6.1 | 1.37 | 16.20 | 7.47 | 2.169 | 1.5 | Bullish | Apr 21, 2024 | MSCI Vietnam | 2.83% |
| 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 | 29 | -4 | 66.9 | -5 | 6.4 | -1 | -1 | -1 | -2 | 35 | -2 |
| Australia | 4.1 | -1 | 2.4 | -1 | 4.1 | -1 | 2 | 30 | -1 | ||
| Austria | 2.65 | 0 | 3.2 | -1 | 8.1 | -2 | 1 | 23 | 0 | ||
| Belgium | 2.65 | 0 | 3.55 | -1 | 5.8 | -1 | 1 | 25 | 0 | ||
| Brazil | 14.25 | -3 | 5.06 | -2 | 6.5 | -1 | 0 | -1 | -2 | 34 | -2 |
| Canada | 2.75 | 0 | 2.6 | -1 | 6.6 | -1 | 2 | 1 | 26.5 | -1 | |
| Chile | 5 | -1 | 4.7 | -2 | 8 | -2 | 0 | -1 | 27 | -1 | |
| China | 3.1 | -1 | -0.7 | -2 | 5.4 | -1 | -2 | -2 | 25 | 0 | |
| Colombia | 9.5 | -2 | 5.28 | -2 | 11.64 | -2 | 1 | -1 | -2 | 35 | -2 |
| Czech Republic | 3.75 | -1 | 2.7 | -1 | 4.4 | -1 | 2 | -1 | 21 | 0 | |
| Denmark | 2.1 | 0 | 2 | 0 | 2.5 | 0 | 0 | 2 | 22 | 0 | |
| Egypt | 27.25 | -4 | 12.8 | -3 | 6.4 | -1 | 2 | -3 | 22.5 | 0 | |
| Finland | 2.65 | 0 | 0.5 | 0 | 9.4 | -2 | 0 | 2 | 20 | 0 | |
| France | 2.65 | 0 | 0.8 | 0 | 7.3 | -1 | -1 | 25 | 0 | ||
| Germany | 2.65 | 0 | 2.3 | -1 | 6.2 | -1 | -2 | 1 | 30 | -1 | |
| Greece | 2.65 | 0 | 2.5 | -1 | 8.7 | -2 | -2 | -1 | 22 | 0 | |
| Hong Kong | 4.75 | -1 | 1.4 | 0 | 3.2 | -1 | 2 | 1 | 16.5 | 0 | |
| Hungary | 6.5 | -2 | 5.6 | -2 | 4.3 | -1 | -2 | -2 | 9 | 2 | |
| India | 6.25 | -2 | 3.61 | -1 | 8.2 | -2 | 1 | -2 | 34.94 | -2 | |
| Indonesia | 5.75 | -1 | -0.09 | -2 | 4.91 | -1 | 1 | -3 | 22 | 0 | |
| Ireland | 2.65 | 0 | 1.8 | 0 | 3.9 | -1 | 2 | 1 | 12.5 | 1 | |
| Israel | 4.5 | -1 | 3.4 | -1 | 2.7 | 0 | 2 | 23 | 0 | ||
| Italy | 2.65 | 0 | 1.6 | 0 | 6.3 | -1 | -1 | -1 | 24 | 0 | |
| Japan | 0.5 | 1 | 3.7 | -1 | 2.5 | 0 | -2 | 30.62 | -2 | ||
| Korea, South | 2.75 | 0 | 2 | 0 | 2.7 | 0 | -1 | 24 | 0 | ||
| Malaysia | 3 | -1 | 1.5 | 0 | 3.1 | -1 | 1 | -1 | -1 | 24 | 0 |
| Mexico | 9.5 | -2 | 3.77 | -1 | 2.7 | 0 | 1 | -1 | -3 | 30 | -1 |
| Netherlands | 2.65 | 0 | 3.8 | -1 | 3.8 | -1 | 1 | 1 | 25.8 | -1 | |
| New Zealand | 3.75 | -1 | 2.2 | -1 | 5.1 | -1 | 2 | 1 | 28 | -1 | |
| Norway | 4.5 | -1 | 3.6 | -1 | 3.8 | -1 | 1 | 1 | 22 | 0 | |
| Pakistan | 12 | -2 | 1.5 | 0 | 5.7 | -1 | 2 | -4 | 29 | -1 | |
| Peru | 4.75 | -1 | 1.48 | 0 | 6.3 | -1 | 1 | -1 | -3 | 29.5 | -1 |
| Philippines | 5.75 | -1 | 2.1 | -1 | 4.3 | -1 | 1 | -1 | -3 | 25 | 0 |
| Poland | 5.75 | -1 | 4.9 | -2 | 5.4 | -1 | -2 | -1 | 19 | 0 | |
| Portugal | 2.65 | 0 | 2.4 | -1 | 6.2 | -1 | 2 | 21 | 0 | ||
| Qatar | 5.1 | -1 | -1.15 | -2 | 0.1 | -1 | -1 | 10 | 1 | ||
| Singapore | 2.98 | 0 | 0.9 | 0 | 1.9 | 0 | 2 | 1 | 17 | 0 | |
| South Africa | 7.5 | -2 | 3.2 | -1 | 31.9 | -5 | 2 | -1 | -2 | 27 | -1 |
| Spain | 2.65 | 0 | 3 | -1 | 10.61 | -2 | 1 | 25 | 0 | ||
| Sweden | 2.25 | 0 | 1.3 | 0 | 9.4 | -2 | 0 | 1 | 20.6 | 0 | |
| Switzerland | 0.25 | 1 | 0.3 | 0 | 2.9 | 0 | 2 | 1 | 14.6 | 1 | |
| Taiwan | 2 | 0 | 1.58 | 0 | 3.35 | -1 | -2 | 20 | 0 | ||
| Thailand | 2 | 0 | 1.08 | 0 | 0.88 | 1 | -1 | -3 | 20 | 0 | |
| Turkey | 42.5 | -4 | 39.05 | -5 | 8.2 | -2 | 0 | -1 | -3 | 25 | 0 |
| United Arab Emirates | 4.4 | -1 | 3.15 | -1 | 2.95 | 0 | 2 | 9 | 2 | ||
| United Kingdom | 4.5 | -1 | 2.8 | -1 | 4.4 | -1 | 1 | 25 | 0 | ||
| United States | 4.5 | -1 | 2.8 | -1 | 2.8 | 0 | 0 | 21 | 0 | ||
| Vietnam | 4.5 | -1 | 2.91 | -1 | 2.22 | 0 | 0 | -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 | 13 | -4 | 155 | -4 | 2 | -1 | -1 | -1 | -25 | 70.00% | |||
| Australia | 100 | 2 | 43.8 | 0 | 2 | -1 | -1 | 0 | 0 | 0 | 0.00% | ||
| Austria | 96 | 1 | 77.8 | -1 | 1 | -3 | 0 | 0 | -4 | 10.00% | |||
| Belgium | 87 | 0 | 103 | -2 | 1 | -3 | 0 | -1 | -6 | 20.00% | |||
| Brazil | 45 | -2 | 84.68 | -2 | 2 | -1 | -1 | 0 | -15 | 50.00% | |||
| Canada | 100 | 2 | 108 | -2 | 1 | -2 | -1 | 0 | 0 | -2 | 0.00% | ||
| Chile | 73 | -1 | 39.4 | 0 | 1 | -1 | -1 | 0 | -9 | 30.00% | |||
| China | 78 | -1 | 83.4 | -2 | 2 | -1 | -4 | -1 | 0 | -15 | 50.00% | ||
| Colombia | 55 | -1 | 54.3 | -1 | 1 | -1 | -1 | -13 | 50.00% | ||||
| Czech Republic | 85 | 0 | 44 | 0 | 1 | -3 | 0 | 0 | -4 | 10.00% | |||
| Denmark | 100 | 2 | 29.3 | 0 | 1 | -3 | -1 | -1 | 0 | 0.00% | |||
| Egypt | 23 | -4 | 95.8 | -2 | 2 | -1 | -1 | -15 | 50.00% | ||||
| Finland | 96 | 1 | 75.8 | -1 | 1 | -3 | 0 | 0 | -2 | 0.00% | |||
| France | 88 | 0 | 111 | -3 | 1 | -3 | 0 | -1 | -8 | 30.00% | |||
| Germany | 100 | 2 | 62.9 | -1 | 1 | -3 | 0 | -1 | -6 | 20.00% | |||
| Greece | 55 | -1 | 162 | -4 | 2 | 1 | -3 | -1 | -1 | -13 | 50.00% | ||
| Hong Kong | 88 | 0 | 9 | 0 | 2 | -1 | -4 | 0 | -1 | -3 | 10.00% | ||
| Hungary | 58 | -1 | 73.4 | -1 | 2 | -3 | 0 | 0 | -10 | 40.00% | |||
| India | 56 | -1 | 81.59 | -2 | 2 | -2 | -1 | -1 | -1 | -14 | 50.00% | ||
| Indonesia | 60 | -1 | 39.3 | 0 | 2 | -1 | -1 | -1 | -8 | 30.00% | |||
| Ireland | 88 | 0 | 43.7 | 0 | 1 | -3 | 0 | -1 | 0 | 0.00% | |||
| Israel | 73 | -1 | 69 | -1 | 1 | -1 | -3 | -2 | -7 | 30.00% | |||
| Italy | 62 | -1 | 135 | -3 | 1 | -3 | 0 | -1 | -10 | 40.00% | |||
| Japan | 77 | -1 | 255 | -5 | 2 | -1 | -1 | -1 | -11 | 40.00% | |||
| Korea, South | 86 | 0 | 51.5 | -1 | 1 | -1 | -1 | -1 | 0 | -4 | 10.00% | ||
| Malaysia | 68 | -1 | 69.8 | -1 | 1 | -1 | -1 | -6 | 20.00% | ||||
| Mexico | 58 | -1 | 49.7 | 0 | 2 | -2 | -1 | 0 | 0 | -9 | 30.00% | ||
| Netherlands | 98 | 1 | 46.8 | 0 | 1 | -3 | 0 | 0 | -2 | 0.00% | |||
| New Zealand | 95 | 1 | 39.3 | 0 | 1 | -1 | 0 | 0 | 0 | 0.00% | |||
| Norway | 100 | 2 | 44.3 | 0 | 1 | 0 | 0 | 2 | -5.00% | ||||
| Pakistan | 16 | -4 | 91 | -2 | 2 | -1 | -1 | -12 | 40.00% | ||||
| Peru | 60 | -1 | 33 | 0 | 2 | -1 | 0 | -1 | -7 | 30.00% | |||
| Philippines | 61 | -1 | 60.9 | -1 | 2 | -1 | -1 | -8 | 30.00% | ||||
| Poland | 71 | -1 | 49.6 | 0 | 2 | -3 | 0 | 0 | -9 | 30.00% | |||
| Portugal | 71 | -1 | 99.1 | -2 | 1 | -3 | 0 | 0 | -5 | 20.00% | |||
| Qatar | 88 | 0 | 43.3 | 0 | 2 | 0 | 0 | -2 | 0.00% | ||||
| Singapore | 100 | 2 | 171 | -5 | 2 | 1 | -1 | -1 | 1 | -5.00% | |||
| South Africa | 41 | -2 | 72.2 | -1 | 2 | 0 | 0 | -11 | 40.00% | ||||
| Spain | 71 | -1 | 108 | -2 | 1 | -3 | -1 | -1 | -9 | 30.00% | |||
| Sweden | 100 | 2 | 31.5 | 0 | 1 | -3 | 0 | 0 | -1 | 0.00% | |||
| Switzerland | 100 | 2 | 37.9 | 0 | 2 | 0 | 0 | 9 | -20.00% | ||||
| Taiwan | 90 | 0 | 24 | 1 | 2 | -1 | 0 | -1 | 0.00% | ||||
| Thailand | 65 | -1 | 60.96 | -1 | 1 | -1 | -1 | -6 | 20.00% | ||||
| Turkey | 28 | -3 | 31.7 | 0 | 2 | -1 | -2 | -1 | -20 | 70.00% | |||
| United Arab Emirates | 90 | 0 | 32.4 | 0 | 2 | -2 | -1 | 1 | -5.00% | ||||
| United Kingdom | 87 | 0 | 95.3 | -2 | 2 | -1 | -1 | -4 | 10.00% | ||||
| United States | 97 | 1 | 122 | -3 | 2 | -4 | -1 | -1 | -8 | 30.00% | |||
| Vietnam | 46 | -2 | 33.5 | 0 | 2 | -1 | 0 | -5 | 20.00% | ||||
Notes
.
| Country | Price/ Book Value | Index YTD % February 28 2025 | Index YTD % Feb 28 2025 |
|---|---|---|---|
| Korea, South | 0.96 | 5.64% | MSCI Korea USD |
| Hong Kong SAR | 0.99 | 6.26% | MSCI Hong Kong |
| Hungary | 1.08 | 7.68% | MSCI Hungary |
| Colombia | 1.09 | 15.71% | MSCI Colombia |
| Greece | 1.1 | 10.50% | MSCI Greece |
| Turkey | 1.16 | -3.11% | MSCI Turkey |
| Pakistan | 1.2 | -4.45% | MSCI Pakistan Net USD |
| Austria | 1.26 | 9.14% | MSCI Austria |
| Poland | 1.33 | 21.91% | MSCI Poland USD |
| Chile | 1.37 | 14.61% | MSCI Chile Net USD |
| Japan | 1.43 | 0.34% | MSCI Japan USD |
| Malaysia | 1.45 | -3.63% | MSCI Malaysia USD |
| Brazil | 1.46 | 6.81% | MSCI Brazil Net USD |
| Qatar | 1.48 | -0.86% | MSCI Qatar |
| Vietnam | 1.5 | 2.83% | MSCI Vietnam |
| Argentina | 1.53 | -17.03% | MSCI Argentina |
| Philippines | 1.54 | -6.80% | MSCI Philippines USD |
| Thailand | 1.57 | -10.17% | MSCI Thailand USD |
| China | 1.58 | 15.25% | MSCI China Net USD |
| Spain | 1.58 | 17.01% | MSCI Spain |
| Italy | 1.59 | 12.79% | MSCI Italy |
| Portugal | 1.61 | -0.27% | MSCI Portugal |
| Ireland | 1.66 | 18.72% | MSCI Ireland |
| United Arab Emirates | 1.67 | 7.58% | MSCI UAE Gross USD |
| Finland | 1.8 | 8.88% | MSCI Finland |
| Indonesia | 1.8 | -17.53% | MSCI Indonesia USD |
| Norway | 1.81 | 4.69% | MSCI Norway |
| South Africa | 1.82 | 4.29% | MSCI South Africa USD |
| Mexico | 1.83 | 5.81% | MSCI Mexico USD |
| Singapore | 1.85 | 6.00% | MSCI Singapore |
| Belgium | 1.87 | 5.38% | MSCI Belgium |
| Germany | 1.87 | 12.49% | MSCI Germany |
| Peru | 2 | -0.82% | MSCI Peru |
| United Kingdom | 2 | 6.65% | MSCI UK |
| Czech Republic | 2.02 | 10.53% | MSCI Czech Republic Net USD |
| France | 2.04 | 9.60% | MSCI France |
| Canada | 2.21 | 2.81% | MSCI Canada Net USD |
| New Zealand | 2.23 | -6.85% | MSCI New Zealand |
| Israel | 2.35 | 2.29% | MSCI Israel |
| Australia | 2.44 | -0.16% | MSCI Australia USD |
| Sweden | 2.71 | 11.08% | MSCI Sweden |
| Taiwan | 3 | 0.04% | MSCI Taiwan USD |
| Netherlands | 3.03 | 3.46% | MSCI Netherlands |
| India | 3.48 | -11.66% | MSCI India Net USD |
| Switzerland | 3.85 | 11.14% | MSCI Switzerland |
| Denmark | 4.51 | 1.27% | MSCI Denmark |
| Egypt | 4.75 | -2.42% | MSCI Egypt |
| United States | 5.12 | 1.40% | MSCI USA USD |
| Country | PE/Total Return | Index YTD % February 28 2025 | Index YTD % Feb 28 2025 |
|---|---|---|---|
| Pakistan | 0.518 | 5.81% | Oct 1, 2023 |
| Colombia | 0.771 | 10.50% | Jan 19, 2025 |
| Brazil | 0.870 | -2.42% | Feb 23, 2025 |
| Hungary | 1.003 | 10.53% | Nov 26, 2023 |
| Egypt | 1.079 | -3.11% | Jun 23, 2024 |
| United Arab Emirates | 1.083 | 3.46% | Dec 15, 2024 |
| Indonesia | 1.166 | 8.88% | Dec 15, 2024 |
| Philippines | 1.251 | 4.29% | Feb 02, 2025 |
| Greece | 1.256 | -0.82% | Dec 01, 2024 |
| Poland | 1.388 | -0.16% | Dec 01, 2024 |
| Norway | 1.446 | 5.64% | Oct 8, 2023 |
| Turkey | 1.611 | 12.49% | Dec 15, 2024 |
| Spain | 1.710 | 11.08% | Jul 28, 2024 |
| Malaysia | 1.713 | 6.00% | Nov 6, 2022 |
| Qatar | 1.796 | 0.04% | Nov 23, 2022 |
| Peru | 1.897 | -11.66% | Nov 12, 2023 |
| Italy | 1.956 | 6.26% | Dec 01, 2024 |
| Czech Republic | 1.962 | 21.91% | July 23, 2023 |
| Argentina | 2.013 | -4.45% | Feb 2, 2025 |
| Finland | 2.057 | 17.01% | Oct 29, 2022 |
| Vietnam | 2.169 | -6.85% | Apr 21, 2024 |
| China | 2.169 | -6.80% | Feb 23, 2025 |
| Hong Kong SAR | 2.250 | 12.79% | Aug 13, 2022 |
| Portugal | 2.304 | 2.29% | Jan 19, 2025 |
| Ireland | 2.333 | 2.83% | Jan 19, 2025 |
| Singapore | 2.506 | 9.14% | Nov 03, 2024 |
| Chile | 2.529 | -17.53% | Jan 19, 2025 |
| Thailand | 2.563 | 1.40% | Dec 22, 2024 |
| United Kingdom | 2.631 | 1.27% | Mar 12, 2023 |
| Korea, South | 2.633 | 18.72% | Sep 01, 2024 |
| Mexico | 3.030 | 14.61% | Jan 19, 2025 |
| India | 3.040 | -17.03% | Dec 15, 2024 |
| South Africa | 3.187 | 0.34% | Dec 15, 2024 |
| Australia | 3.514 | 15.71% | Dec 15, 2025 |
| Israel | 3.553 | 15.25% | Nov 17, 2024 |
| Taiwan | 3.684 | 9.60% | Nov 12, 2023 |
| Austria | 3.886 | 6.81% | Dec 8, 2024 |
| Japan | 4.032 | -0.27% | Nov 03, 2024 |
| Sweden | 4.049 | 2.81% | Jan 12, 2025 |
| Canada | 4.204 | 7.58% | Mar 26, 2023 |
| Switzerland | 4.771 | 11.14% | Sep 01, 2024 |
| France | 4.852 | -3.63% | Jun 09, 2024 |
| United States | 6.002 | 5.38% | Sep 08, 2024 |
| Germany | 6.132 | -0.86% | Sep 22, 2024 |
| Netherlands | 6.341 | -10.17% | Feb 09, 2025 |
| Denmark | 6.521 | 4.69% | Feb 16, 2025 |
| Belgium | 7.516 | 7.68% | Mar 13, 2022 |
| New Zealand | 64.509 | 6.65% | Sep 15, 2024 |
| 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 2025 |
|---|---|---|---|---|---|---|---|
| Switzerland | 4.11 | -20.00% | -0.82 | 3.288 | Bearish | Sep 01, 2024 | 11.14% |
| Denmark | 3.30 | 0.00% | 0.00 | 3.300 | Bullish | Feb 16, 2025 | 1.27% |
| Germany | 2.81 | 20.00% | 0.56 | 3.372 | Bullish | Sep 22, 2024 | 12.49% |
| Netherlands | 3.61 | 0.00% | 0.00 | 3.610 | Bullish | Feb 09, 2025 | 3.46% |
| Belgium | 3.10 | 20.00% | 0.62 | 3.720 | Bullish | Mar 13, 2022 | 5.38% |
| New Zealand | 3.87 | 0.00% | 0.00 | 3.870 | Bearish | Sep 15, 2024 | -6.85% |
| Sweden | 4.70 | 0.00% | 0.00 | 4.700 | Bullish | Jan 12, 2025 | 11.08% |
| France | 3.65 | 30.00% | 1.10 | 4.745 | Bearish | Jun 09, 2024 | 9.60% |
| Korea, South | 4.33 | 10.00% | 0.43 | 4.763 | Bearish | Sep 01, 2024 | 5.64% |
| Japan | 3.43 | 40.00% | 1.37 | 4.802 | Bullish | Nov 03, 2024 | 0.34% |
| Canada | 4.81 | 0.00% | 0.00 | 4.810 | Bullish | Mar 26, 2023 | 2.81% |
| Ireland | 4.87 | 0.00% | 0.00 | 4.870 | Bullish | Jan 19, 2025 | 18.72% |
| Israel | 4.14 | 30.00% | 1.24 | 5.382 | Bullish | Nov 17, 2024 | 2.29% |
| Taiwan | 5.51 | 0.00% | 0.00 | 5.510 | Bullish | Nov 12, 2023 | 0.04% |
| United Kingdom | 5.12 | 10.00% | 0.51 | 5.632 | Bearish | Mar 12, 2023 | 6.65% |
| Australia | 5.76 | 0.00% | 0.00 | 5.760 | Bearish | Dec 15, 2025 | -0.16% |
| United States | 4.51 | 30.00% | 1.35 | 5.863 | Bullish | Sep 08, 2024 | 1.40% |
| Singapore | 6.25 | -5.00% | -0.31 | 5.938 | Bullish | Nov 03, 2024 | 6.00% |
| Qatar | 6.43 | 0.00% | 0.00 | 6.430 | Bullish | Nov 23, 2022 | -0.86% |
| Austria | 5.88 | 10.00% | 0.59 | 6.468 | Bullish | Dec 8, 2024 | 9.14% |
| Mexico | 5.03 | 30.00% | 1.51 | 6.539 | Bullish | Jan 19, 2025 | 5.81% |
| South Africa | 4.70 | 40.00% | 1.88 | 6.580 | Bearish | Dec 15, 2024 | 4.29% |
| Finland | 6.89 | 0.00% | 0.00 | 6.890 | Bullish | Oct 29, 2022 | 8.88% |
| Italy | 5.25 | 40.00% | 2.10 | 7.350 | Bullish | Dec 01, 2024 | 12.79% |
| Norway | 8.05 | -5.00% | -0.40 | 7.648 | Bullish | Oct 8, 2023 | 4.69% |
| Chile | 5.90 | 30.00% | 1.77 | 7.670 | Bullish | Jan 19, 2025 | 14.61% |
| Thailand | 6.41 | 20.00% | 1.28 | 7.692 | Bullish | Dec 22, 2024 | -10.17% |
| Hong Kong SAR | 7.04 | 10.00% | 0.70 | 7.744 | Bearish | Aug 13, 2022 | 6.26% |
| Portugal | 6.64 | 20.00% | 1.33 | 7.968 | Bearish | Jan 19, 2025 | -0.27% |
| Spain | 6.18 | 30.00% | 1.85 | 8.034 | Bearish | Jul 28, 2024 | 17.01% |
| Peru | 6.33 | 30.00% | 1.90 | 8.229 | Bullish | Nov 12, 2023 | -0.82% |
| Egypt | 5.56 | 50.00% | 2.78 | 8.340 | Bullish | Jun 23, 2024 | -2.42% |
| United Arab Emirates | 9.32 | -5.00% | -0.47 | 8.854 | Bullish | Dec 15, 2024 | 7.58% |
| Vietnam | 7.47 | 20.00% | 1.49 | 8.964 | Bullish | Apr 21, 2024 | 2.83% |
| Hungary | 6.44 | 40.00% | 2.58 | 9.016 | Bullish | Nov 26, 2023 | 7.68% |
| Greece | 6.14 | 50.00% | 3.07 | 9.210 | Bullish | Dec 01, 2024 | 10.50% |
| Czech Republic | 8.38 | 10.00% | 0.84 | 9.218 | Bullish | July 23, 2023 | 10.53% |
| China | 6.74 | 50.00% | 3.37 | 10.110 | Bearish | Feb 23, 2025 | 15.25% |
| Malaysia | 8.70 | 20.00% | 1.74 | 10.440 | Bullish | Nov 6, 2022 | -3.63% |
| Turkey | 6.28 | 70.00% | 4.40 | 10.676 | Bearish | Dec 15, 2024 | -3.11% |
| Argentina | 6.35 | 70.00% | 4.45 | 10.795 | Bearish | Feb 2, 2025 | -17.03% |
| Poland | 8.48 | 30.00% | 2.54 | 11.024 | Bullish | Dec 01, 2024 | 21.91% |
| India | 7.79 | 50.00% | 3.90 | 11.685 | Bearish | Dec 15, 2024 | -11.66% |
| Philippines | 9.20 | 30.00% | 2.76 | 11.960 | Bullish | Feb 02, 2025 | -6.80% |
| Indonesia | 10.86 | 30.00% | 3.26 | 14.118 | Bearish | Dec 15, 2024 | -17.53% |
| Pakistan | 10.39 | 40.00% | 4.16 | 14.546 | Bullish | Oct 1, 2023 | -4.45% |
| Colombia | 9.94 | 50.00% | 4.97 | 14.910 | Bullish | Jan 19, 2025 | 15.71% |
| Brazil | 10.20 | 50.00% | 5.10 | 15.300 | Bearish | Feb 23, 2025 | 6.81% |
Country Value and Growth Factors November 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 % Nov 29 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -2.10 | 1.26 | 13.57 | -0.84 | -16.155 | 1.65 | Bullish | Oct 06, 2024 | MSCI Argentina | 104.49% |
| Australia | 0.80 | 3.60 | 21.19 | 4.40 | 4.816 | 2.57 | Bullish | Jul 9, 2023 | MSCI Australia USD | 9.93% |
| Austria | -0.60 | 5.59 | 7.29 | 4.99 | 1.461 | 1.09 | Bearish | Feb 4 2024 | MSCI Austria | 12.16% |
| Belgium | 1.20 | 2.00 | 22.82 | 3.20 | 7.131 | 1.79 | Bullish | Mar 13, 2022 | MSCI Belgium | 13.45% |
| Brazil | 4.00 | 6.63 | 9.48 | 10.63 | 0.892 | 1.56 | Bearish | Nov 24, 2024 | MSCI Brazil Net USD | -23.49% |
| Canada | 1.50 | 2.70 | 18.96 | 4.20 | 4.514 | 2.25 | Bullish | Mar 26, 2023 | MSCI Canada Net USD | 18.69% |
| Chile | 2.30 | 3.41 | 12.73 | 5.71 | 2.229 | 1.24 | Bearish | Oct 27, 2024 | MSCI Chile Net USD | -7.47% |
| China | 4.60 | 2.47 | 12.86 | 7.07 | 1.819 | 1.36 | Bearish | Oct 06, 2024 | MSCI China Net USD | 16.29% |
| Colombia | 2.00 | 9.02 | 6.23 | 11.02 | 0.565 | 0.91 | Bullish | Aug 11, 2024 | MSCI Colombia | 2.18% |
| Czech Republic | 1.30 | 6.83 | 13.67 | 8.13 | 1.681 | 1.83 | Bullish | July 23, 2023 | MSCI Czech Republic Net USD | 27.56% |
| Denmark | 3.10 | 1.54 | 27.97 | 4.64 | 6.028 | 5.33 | Bearish | Sep 15, 2024 | MSCI Denmark | 4.46% |
| Egypt | 2.40 | 1.88 | 6.40 | 4.28 | 1.495 | 2.01 | Bullish | Jun 23, 2024 | MSCI Egypt | 9.24% |
| Finland | 0.50 | 5.32 | 12.98 | 5.82 | 2.230 | 1.7 | Bullish | Oct 29, 2022 | MSCI Finland | -5.06% |
| France | 1.20 | 3.20 | 16.36 | 4.40 | 3.718 | 1.86 | Bearish | Jun 9, 2023 | MSCI France | -3.01% |
| Germany | -0.30 | 2.83 | 15.20 | 2.53 | 6.008 | 1.67 | Bullish | Sep 22, 2024 | MSCI Germany | 13.87% |
| Greece | 2.40 | 5.03 | 6.33 | 7.43 | 0.852 | 0.91 | Bearish | Oct 20, 2024 | MSCI Greece | 0.99% |
| Hong Kong SAR | 1.80 | 4.14 | 15.27 | 5.94 | 2.571 | 0.96 | Bearish | Oct 06, 2024 | MSCI Hong Kong | -3.82% |
| Hungary | -0.80 | 3.89 | 5.88 | 3.09 | 1.903 | 0.98 | Bullish | Nov 26, 2023 | MSCI Hungary | 22.76% |
| India | 5.40 | 1.08 | 27.00 | 6.48 | 4.167 | 3.97 | Bearish | Sep 29, 2024 | MSCI India Net USD | 14.44% |
| Indonesia | 4.95 | 4.99 | 15.15 | 9.94 | 1.524 | 2.18 | Bullish | Oct 13, 2024 | MSCI Indonesia USD | -9.64% |
| Ireland | 2.90 | 3.17 | 9.64 | 6.07 | 1.588 | 1.36 | Bearish | Jun 09, 2024 | MSCI Ireland | 16.15% |
| Israel | -0.98 | 1.50 | 14.16 | 0.52 | 27.231 | 2.19 | Bullish | Aug 4, 2024 | MSCI Israel | 27.86% |
| Italy | 0.40 | 5.28 | 8.84 | 5.68 | 1.556 | 1.42 | Bearish | Jun 9, 2024 | MSCI Italy | 10.26% |
| Japan | 0.30 | 2.32 | 14.51 | 2.62 | 5.538 | 1.49 | Bullish | Nov 03, 2024 | MSCI Japan USD | 8.68% |
| Korea, South | 1.50 | 2.29 | 11.16 | 3.79 | 2.945 | 0.94 | Bearish | Sep 01, 2024 | MSCI Korea USD | -17.36% |
| Malaysia | 5.30 | 3.83 | 15.52 | 9.13 | 1.700 | 1.44 | Bullish | Nov 6, 2022 | MSCI Malaysia USD | 17.53% |
| Mexico | 1.60 | 3.89 | 14.64 | 5.49 | 2.667 | 1.68 | Bearish | Nov 10, 2024 | MSCI Mexico USD | -24.96% |
| Netherlands | 1.70 | 2.04 | 22.07 | 3.74 | 5.901 | 2.95 | Bearish | Oct 13, 2024 | MSCI Netherlands | 4.92% |
| New Zealand | -1.50 | 1.82 | 334.82 | 0.32 | 1046.313 | 2.47 | Bearish | Sep 15, 2024 | MSCI New Zealand | 7.95% |
| Norway | 3.50 | 6.60 | 13.19 | 10.10 | 1.306 | 1.8 | Bullish | Oct 8, 2023 | MSCI Norway | 3.81% |
| Pakistan | -0.17 | 8.24 | 5.09 | 8.07 | 0.631 | 1.07 | Bullish | Feb 18, 2024 | MSCI Pakistan Net USD | 55.45% |
| Peru | 3.90 | 3.56 | 13.22 | 7.46 | 1.772 | 2.16 | Bearish | Oct 27, 2024 | MSCI Peru | 18.15% |
| Philippines | 5.20 | 2.74 | 12.62 | 7.94 | 1.589 | 1.69 | Bearish | Nov 10, 2024 | MSCI Philippines USD | 2.30% |
| Poland | 2.70 | 5.95 | 9.71 | 8.65 | 1.123 | 1.13 | Bearish | Nov 10, 2024 | MSCI Poland USD | -5.67% |
| Portugal | 1.90 | 4.19 | 15.65 | 6.09 | 2.570 | 1.67 | Bearish | Nov 03, 2024 | MSCI Portugal | -18.57% |
| Qatar | 2.00 | 4.41 | 11.69 | 6.41 | 1.824 | 1.52 | Bullish | Dec 17, 2023 | MSCI Qatar | -3.28% |
| Singapore | 4.30 | 4.00 | 15.29 | 8.30 | 1.842 | 1.79 | Bullish | Apr 21, 2024 | MSCI Singapore | 29.60% |
| South Africa | 0.30 | 3.23 | 15.39 | 3.53 | 4.360 | 1.79 | Bearish | Nov 10, 2024 | MSCI South Africa USD | 13.04% |
| Spain | 3.30 | 4.47 | 9.57 | 7.77 | 1.232 | 1.38 | Bearish | Jul 26, 2024 | MSCI Spain | 12.80% |
| Sweden | 0.70 | 2.54 | 14.53 | 3.24 | 4.485 | 2.56 | Bearish | Jul 28, 2024 | MSCI Sweden | 5.69% |
| Switzerland | 2.00 | 3.05 | 17.55 | 5.05 | 3.475 | 3.62 | Bearish | Sep 01, 2024 | MSCI Switzerland | 4.10% |
| Taiwan | 4.17 | 2.40 | 21.88 | 6.57 | 3.330 | 2.97 | Bearish | Nov 10, 2024 | MSCI Taiwan USD | 28.84% |
| Thailand | 3.00 | 3.03 | 19.69 | 6.03 | 3.265 | 1.88 | Bullish | Aug 18, 2024 | MSCI Thailand USD | 3.37% |
| Turkey | 2.10 | 3.74 | 8.92 | 5.84 | 1.527 | 1.18 | Bearish | Jul 28, 2024 | MSCI Turkey | 32.45% |
| United Arab Emirates | 3.90 | 4.97 | 9.25 | 8.87 | 1.043 | 1.52 | Bearish | Sep 29, 2024 | MSCI UAE Gross USD | 3.49% |
| United Kingdom | 0.90 | 3.67 | 13.09 | 4.57 | 2.864 | 1.87 | Bearish | Mar 12, 2023 | MSCI UK | 6.87% |
| United States | 2.70 | 1.23 | 28.77 | 3.93 | 7.321 | 5.29 | Bullish | Oct 29, 2023 | MSCI USA USD | 27.62% |
| Vietnam | 7.55 | 1.37 | 18.57 | 8.92 | 2.082 | 1.53 | Bearish | Apr 14, 2024 | MSCI Vietnam | -7.18% |
| 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 | 32 | -4 | 166 | -5 | 6.9 | -2 | 1 | -1 | -2 | 35 | -2 |
| Australia | 4.35 | -1 | 2.8 | -1 | 3.9 | -1 | 1 | 30 | -1 | ||
| Austria | 3.15 | -1 | 1.9 | 0 | 7.1 | -2 | -1 | 23 | 0 | ||
| Belgium | 3.15 | -1 | 3.16 | -1 | 5.8 | -2 | 0 | 25 | 0 | ||
| Brazil | 12.25 | -3 | 4.87 | -2 | 6.1 | -2 | 0 | -1 | -3 | 34 | -2 |
| Canada | 3.25 | -1 | 1.9 | 0 | 6.8 | -2 | 0 | 1 | 26.5 | -1 | |
| Chile | 5 | -1 | 4.2 | -2 | 8.6 | -2 | 0 | -1 | 27 | -1 | |
| China | 3.1 | -1 | 0.2 | 0 | 5 | -1 | -1 | -2 | 25 | 0 | |
| Colombia | 9.5 | -3 | 5.2 | -2 | 8.2 | -2 | 0 | -1 | -2 | 35 | -2 |
| Czech Republic | 4 | -1 | 2.8 | -1 | 3.9 | -1 | -1 | -1 | 21 | 0 | |
| Denmark | 2.6 | 0 | 1.6 | 0 | 2.6 | -1 | 0 | 2 | 22 | 0 | |
| Egypt | 27.25 | -4 | 25.5 | -4 | 6.7 | -2 | 2 | -3 | 22.5 | 0 | |
| Finland | 3.15 | -1 | 1 | 0 | 8.1 | -2 | -1 | 2 | 20 | 0 | |
| France | 3.15 | -1 | 1.3 | 0 | 7.4 | -2 | -1 | 25 | 0 | ||
| Germany | 3.15 | -1 | 2.2 | -1 | 6.1 | -2 | -2 | 1 | 30 | -1 | |
| Greece | 3.15 | -1 | 2.4 | -1 | 9.8 | -2 | -2 | -1 | 22 | 0 | |
| Hong Kong | 4.75 | -1 | 1.4 | 0 | 3.1 | -1 | -1 | 1 | 16.5 | 0 | |
| Hungary | 6.5 | -2 | 3.7 | -1 | 4.6 | -1 | -2 | 9 | 2 | ||
| India | 6.5 | -2 | 5.48 | -2 | 8 | -2 | 0 | -2 | 34.94 | -2 | |
| Indonesia | 6 | -1 | 1.55 | 0 | 4.91 | -1 | 0 | -3 | 22 | 0 | |
| Ireland | 3.15 | -1 | 1 | 0 | 4.1 | -1 | 1 | 1 | 12.5 | 1 | |
| Israel | 4.5 | -1 | 3.4 | -1 | 2.7 | -1 | 2 | 23 | 0 | ||
| Italy | 3.15 | -1 | 1.3 | 0 | 5.8 | -2 | -2 | -1 | 24 | 0 | |
| Japan | 0.25 | 1 | 2.9 | -1 | 2.5 | 0 | -2 | 30.62 | -2 | ||
| Korea, South | 3 | -1 | 1.9 | 0 | 3.7 | -1 | -1 | 24 | 0 | ||
| Malaysia | 3 | -1 | 1.8 | 0 | 3.2 | -1 | 1 | -1 | -1 | 24 | 0 |
| Mexico | 10 | -3 | 4.21 | -2 | 2.6 | -1 | 0 | -1 | -3 | 30 | -1 |
| Netherlands | 3.15 | -1 | 4.1 | -2 | 3.7 | -1 | 0 | 1 | 25.8 | -1 | |
| New Zealand | 4.25 | -1 | 2.2 | -1 | 4.8 | -1 | 1 | 1 | 28 | -1 | |
| Norway | 4.5 | -1 | 2.2 | -1 | 3.7 | -1 | 0 | 1 | 22 | 0 | |
| Pakistan | 13 | -3 | 4.1 | -2 | 5.7 | -2 | 2 | -4 | 29 | -1 | |
| Peru | 4.75 | -1 | 1.97 | 0 | 6.4 | -2 | 0 | -1 | 29.5 | -1 | |
| Philippines | 5.75 | -1 | 2.9 | -1 | 3.2 | -1 | 2 | -1 | -3 | 25 | 0 |
| Poland | 5.75 | -1 | 4.7 | -2 | 5 | -1 | -2 | -1 | 19 | 0 | |
| Portugal | 3.15 | -1 | 3 | -1 | 6.7 | -2 | -2 | 21 | 0 | ||
| Qatar | 5.1 | -1 | 0.95 | 0 | 0.1 | -2 | 1 | 10 | 1 | ||
| Singapore | 2.46 | 0 | 1.6 | 0 | 1.9 | 0 | 1 | 1 | 17 | 0 | |
| South Africa | 7.75 | -2 | 2.9 | -1 | 32.1 | -5 | 1 | -1 | -2 | 27 | -1 |
| Spain | 3.15 | -1 | 2.8 | -1 | 11.21 | -3 | -1 | 25 | 0 | ||
| Sweden | 2.5 | 0 | 0.8 | 0 | 7.4 | -2 | 0 | 1 | 20.6 | 0 | |
| Switzerland | 0.5 | 1 | 0.6 | 0 | 2.8 | -1 | 0 | 1 | 14.6 | 1 | |
| Taiwan | 2 | 0 | 2.1 | -1 | 3.41 | -1 | -1 | 20 | 0 | ||
| Thailand | 2.25 | 0 | 1.23 | 0 | 1.02 | 0 | -1 | -3 | 20 | 0 | |
| Turkey | 47.5 | -5 | 44.38 | -5 | 8.6 | -2 | 0 | -1 | -3 | 25 | 0 |
| United Arab Emirates | 4.4 | -1 | 3.01 | -1 | 0 | -2 | 0 | 9 | 2 | ||
| United Kingdom | 4.75 | -1 | 2.5 | -1 | 4.3 | -1 | 0 | 25 | 0 | ||
| United States | 4.5 | -1 | 2.9 | -1 | 4.1 | -1 | 0 | 21 | 0 | ||
| Vietnam | 4.5 | -1 | 2.94 | -1 | 2.24 | 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 | 13 | -4 | 155 | -4 | 2 | -1 | -1 | -1 | -24 | 70.00% | |||
| Australia | 100 | 2 | 43.8 | 0 | 2 | -1 | -1 | 0 | 0 | -1 | 0.00% | ||
| Austria | 96 | 1 | 77.8 | -1 | 1 | -3 | 0 | 0 | -6 | 20.00% | |||
| Belgium | 87 | 0 | 103 | -2 | 1 | -3 | 0 | -1 | -9 | 30.00% | |||
| Brazil | 45 | -2 | 84.68 | -2 | 2 | -2 | -1 | 0 | -18 | 60.00% | |||
| Canada | 100 | 2 | 108 | -2 | 1 | 1 | -2 | -1 | 0 | 0 | -4 | 10.00% | |
| Chile | 73 | -1 | 39.4 | 0 | 1 | -1 | 0 | -8 | 30.00% | ||||
| China | 78 | -1 | 83.4 | -2 | 2 | -1 | -3 | -1 | -1 | 0 | -12 | 40.00% | |
| Colombia | 55 | -1 | 54.3 | -1 | 2 | -1 | -1 | -14 | 50.00% | ||||
| Czech Republic | 85 | 0 | 44 | 0 | 1 | -3 | 0 | 0 | -7 | 30.00% | |||
| Denmark | 100 | 2 | 29.3 | 0 | 1 | -3 | 0 | -1 | 0 | 0.00% | |||
| Egypt | 23 | -4 | 95.8 | -2 | 2 | -1 | -1 | -17 | 60.00% | ||||
| Finland | 96 | 1 | 75.8 | -1 | 1 | 0 | 0 | -1 | 0.00% | ||||
| France | 90 | 0 | 111 | -3 | 1 | -3 | 0 | -1 | -10 | 40.00% | |||
| Germany | 100 | 2 | 62.9 | -1 | 1 | -3 | 0 | -1 | -8 | 30.00% | |||
| Greece | 51 | -2 | 162 | -4 | 2 | 1 | -3 | -1 | -1 | -15 | 50.00% | ||
| Hong Kong | 88 | 0 | 0 | 2 | -1 | 0 | -1 | -2 | 0.00% | ||||
| Hungary | 58 | -1 | 73.4 | -1 | 2 | -3 | 0 | 0 | -7 | 30.00% | |||
| India | 56 | -1 | 81.59 | -2 | 1 | -1 | -1 | -1 | -15 | 50.00% | |||
| Indonesia | 60 | -1 | 39.3 | 0 | 1 | -1 | -1 | -1 | -1 | -9 | 30.00% | ||
| Ireland | 88 | 0 | 43.7 | 0 | 1 | -3 | -1 | 0 | -1 | -3 | 10.00% | ||
| Israel | 73 | -1 | 62 | -1 | 1 | -3 | -2 | -7 | 30.00% | ||||
| Italy | 62 | -1 | 135 | -3 | 1 | -3 | 0 | -1 | -13 | 50.00% | |||
| Japan | 77 | -1 | 255 | -5 | 2 | -1 | -1 | -1 | -11 | 40.00% | |||
| Korea, South | 86 | 0 | 51.5 | -1 | 2 | -1 | -1 | -1 | 0 | -5 | 20.00% | ||
| Malaysia | 68 | -1 | 61.1 | -1 | 1 | -1 | -1 | -6 | 20.00% | ||||
| Mexico | 58 | -1 | 49.7 | 0 | 2 | -1 | -1 | 0 | 0 | -12 | 40.00% | ||
| Netherlands | 98 | 1 | 46.8 | 0 | 1 | -3 | 0 | 0 | -5 | 20.00% | |||
| New Zealand | 95 | 1 | 39.3 | 0 | 1 | -1 | 0 | 0 | -1 | 0.00% | |||
| Norway | 100 | 2 | 44.3 | 0 | 1 | 0 | 0 | 1 | -5.00% | ||||
| Pakistan | 16 | -4 | 91 | -2 | 1 | -1 | -1 | -17 | 60.00% | ||||
| Peru | 60 | -1 | 33 | 0 | 1 | -1 | 0 | -1 | -7 | 30.00% | |||
| Philippines | 61 | -1 | 60.1 | -1 | 1 | -1 | -1 | -8 | 30.00% | ||||
| Poland | 71 | -1 | 49.6 | 0 | 2 | -3 | 0 | 0 | -9 | 30.00% | |||
| Portugal | 71 | -1 | 99.1 | -2 | 2 | -3 | 0 | 0 | -10 | 40.00% | |||
| Qatar | 88 | 0 | 43.3 | 0 | 2 | 0 | 0 | 1 | -5.00% | ||||
| Singapore | 100 | 2 | 168 | -4 | 2 | 1 | -1 | -1 | 1 | -5.00% | |||
| South Africa | 41 | -2 | 72.2 | -1 | 2 | 0 | 0 | -12 | 40.00% | ||||
| Spain | 70 | -1 | 108 | -2 | 1 | -3 | -1 | -1 | -13 | 50.00% | |||
| Sweden | 100 | 2 | 31.5 | 0 | 1 | -3 | 0 | 0 | -1 | 0.00% | |||
| Switzerland | 100 | 2 | 38.3 | 0 | 2 | 0 | 0 | 6 | -15.00% | ||||
| Taiwan | 90 | 0 | 29.1 | 0 | 1 | -1 | 0 | -3 | 10.00% | ||||
| Thailand | 65 | -1 | 61.9 | -1 | 1 | -1 | -1 | -1 | -8 | 30.00% | |||
| Turkey | 35 | -3 | 29.5 | 0 | 2 | -2 | -1 | -20 | 70.00% | ||||
| United Arab Emirates | 90 | 0 | 32.4 | 0 | 2 | -2 | -1 | -3 | 10.00% | ||||
| United Kingdom | 87 | 0 | 97.6 | -2 | 2 | -1 | -1 | -5 | 20.00% | ||||
| United States | 97 | 1 | 122 | -3 | 1 | -3 | 0 | -1 | -8 | 30.00% | |||
| Vietnam | 46 | -2 | 33.5 | 0 | 2 | -1 | 0 | -4 | 10.00% | ||||
Notes
.
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Nov 29 2024 |
|---|---|---|---|
| Colombia | 0.91 | Bullish | 2.18% |
| Greece | 0.91 | Bearish | 0.99% |
| Korea, South | 0.94 | Bearish | -17.36% |
| Hong Kong SAR | 0.96 | Bearish | -3.82% |
| Hungary | 0.98 | Bullish | 22.76% |
| Pakistan | 1.07 | Bullish | 55.45% |
| Austria | 1.09 | Bearish | 12.16% |
| Poland | 1.13 | Bearish | -5.67% |
| Turkey | 1.18 | Bearish | 32.45% |
| Chile | 1.24 | Bearish | -7.47% |
| China | 1.36 | Bearish | 16.29% |
| Ireland | 1.36 | Bearish | 16.15% |
| Spain | 1.38 | Bearish | 12.80% |
| Italy | 1.42 | Bearish | 10.26% |
| Malaysia | 1.44 | Bullish | 17.53% |
| Japan | 1.49 | Bullish | 8.68% |
| Qatar | 1.52 | Bullish | -3.28% |
| United Arab Emirates | 1.52 | Bearish | 3.49% |
| Vietnam | 1.53 | Bearish | -7.18% |
| Brazil | 1.56 | Bearish | -23.49% |
| Argentina | 1.65 | Bullish | 104.49% |
| Germany | 1.67 | Bullish | 13.87% |
| Portugal | 1.67 | Bearish | -18.57% |
| Mexico | 1.68 | Bearish | -24.96% |
| Philippines | 1.69 | Bearish | 2.30% |
| Finland | 1.7 | Bullish | -5.06% |
| Belgium | 1.79 | Bullish | 13.45% |
| Singapore | 1.79 | Bullish | 29.60% |
| South Africa | 1.79 | Bearish | 13.04% |
| Norway | 1.8 | Bullish | 3.81% |
| Czechia | 1.83 | Bullish | 27.56% |
| France | 1.86 | Bearish | -3.01% |
| United Kingdom | 1.87 | Bearish | 6.87% |
| Thailand | 1.88 | Bullish | 3.37% |
| Egypt | 2.01 | Bullish | 9.24% |
| Peru | 2.16 | Bearish | 18.15% |
| Indonesia | 2.18 | Bullish | -9.64% |
| Israel | 2.19 | Bullish | 27.86% |
| Canada | 2.25 | Bullish | 18.69% |
| New Zealand | 2.47 | Bearish | 7.95% |
| Sweden | 2.56 | Bearish | 5.69% |
| Australia | 2.57 | Bullish | 9.93% |
| Netherlands | 2.95 | Bearish | 4.92% |
| Taiwan | 2.97 | Bearish | 28.84% |
| Switzerland | 3.62 | Bearish | 4.10% |
| India | 3.97 | Bearish | 14.44% |
| United States | 5.29 | Bullish | 27.62% |
| Denmark | 5.33 | Bearish | 4.46% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Nov 29 2024 |
|---|---|---|---|
| Argentina | -16.155 | Bullish | 104.49% |
| Colombia | 0.565 | Bullish | 2.18% |
| Pakistan | 0.631 | Bullish | 55.45% |
| Greece | 0.852 | Bearish | 0.99% |
| Brazil | 0.892 | Bearish | -23.49% |
| United Arab Emirates | 1.043 | Bearish | 3.49% |
| Poland | 1.123 | Bearish | -5.67% |
| Spain | 1.232 | Bearish | 12.80% |
| Norway | 1.306 | Bullish | 3.81% |
| Austria | 1.461 | Bearish | 12.16% |
| Egypt | 1.495 | Bullish | 9.24% |
| Indonesia | 1.524 | Bullish | -9.64% |
| Turkey | 1.527 | Bearish | 32.45% |
| Italy | 1.556 | Bearish | 10.26% |
| Ireland | 1.588 | Bearish | 16.15% |
| Philippines | 1.589 | Bearish | 2.30% |
| Czechia | 1.681 | Bullish | 27.56% |
| Malaysia | 1.700 | Bullish | 17.53% |
| Peru | 1.772 | Bearish | 18.15% |
| China | 1.819 | Bearish | 16.29% |
| Qatar | 1.824 | Bullish | -3.28% |
| Singapore | 1.842 | Bullish | 29.60% |
| Hungary | 1.903 | Bullish | 22.76% |
| Vietnam | 2.082 | Bearish | -7.18% |
| Chile | 2.229 | Bearish | -7.47% |
| Finland | 2.230 | Bullish | -5.06% |
| Portugal | 2.570 | Bearish | -18.57% |
| Hong Kong SAR | 2.571 | Bearish | -3.82% |
| Mexico | 2.667 | Bearish | -24.96% |
| United Kingdom | 2.864 | Bearish | 6.87% |
| Korea, South | 2.945 | Bearish | -17.36% |
| Thailand | 3.265 | Bullish | 3.37% |
| Taiwan | 3.330 | Bearish | 28.84% |
| Switzerland | 3.475 | Bearish | 4.10% |
| France | 3.718 | Bearish | -3.01% |
| India | 4.167 | Bearish | 14.44% |
| South Africa | 4.360 | Bearish | 13.04% |
| Sweden | 4.485 | Bearish | 5.69% |
| Canada | 4.514 | Bullish | 18.69% |
| Australia | 4.816 | Bullish | 9.93% |
| Japan | 5.538 | Bullish | 8.68% |
| Netherlands | 5.901 | Bearish | 4.92% |
| Germany | 6.008 | Bullish | 13.87% |
| Denmark | 6.028 | Bearish | 4.46% |
| Belgium | 7.131 | Bullish | 13.45% |
| United States | 7.321 | Bullish | 27.62% |
| Israel | 27.231 | Bullish | 27.86% |
| New Zealand | 1046.313 | Bearish | 7.95% |
| Country | PE/Total Return | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | |||
|---|---|---|---|---|---|---|---|
| Argentina | -16.155 | 70.00% | -11.31 | -27.463 | Bullish | Oct 06, 2024 | 104.49% |
| Colombia | 0.565 | 50.00% | 0.28 | 0.848 | Bullish | Aug 11, 2024 | 2.18% |
| Pakistan | 0.631 | 60.00% | 0.38 | 1.009 | Bullish | Feb 18, 2024 | 55.45% |
| United Arab Emirates | 1.043 | 10.00% | 0.10 | 1.147 | Bearish | Sep 29, 2024 | 3.49% |
| Norway | 1.306 | -5.00% | -0.07 | 1.241 | Bullish | Oct 8, 2023 | 3.81% |
| Greece | 0.852 | 50.00% | 0.43 | 1.278 | Bearish | Oct 20, 2024 | 0.99% |
| Brazil | 0.892 | 60.00% | 0.54 | 1.427 | Bearish | Nov 24, 2024 | -23.49% |
| Poland | 1.123 | 30.00% | 0.34 | 1.459 | Bearish | Nov 10, 2024 | -5.67% |
| Qatar | 1.824 | -5.00% | -0.09 | 1.733 | Bullish | Dec 17, 2023 | -3.28% |
| Ireland | 1.588 | 10.00% | 0.16 | 1.747 | Bearish | Jun 09, 2024 | 16.15% |
| Singapore | 1.842 | -5.00% | -0.09 | 1.750 | Bullish | Apr 21, 2024 | 29.60% |
| Austria | 1.461 | 20.00% | 0.29 | 1.753 | Bearish | Feb 4 2024 | 12.16% |
| Spain | 1.232 | 50.00% | 0.62 | 1.847 | Bearish | Jul 26, 2024 | 12.80% |
| Indonesia | 1.524 | 30.00% | 0.46 | 1.981 | Bullish | Oct 13, 2024 | -9.64% |
| Malaysia | 1.700 | 20.00% | 0.34 | 2.040 | Bullish | Nov 6, 2022 | 17.53% |
| Philippines | 1.589 | 30.00% | 0.48 | 2.066 | Bearish | Nov 10, 2024 | 2.30% |
| Czechia | 1.681 | 30.00% | 0.50 | 2.186 | Bullish | July 23, 2023 | 27.56% |
| Finland | 2.230 | 0.00% | 0.00 | 2.230 | Bullish | Oct 29, 2022 | -5.06% |
| Vietnam | 2.082 | 10.00% | 0.21 | 2.290 | Bearish | Apr 14, 2024 | -7.18% |
| Peru | 1.772 | 30.00% | 0.53 | 2.304 | Bearish | Oct 27, 2024 | 18.15% |
| Italy | 1.556 | 50.00% | 0.78 | 2.335 | Bearish | Jun 9, 2024 | 10.26% |
| Egypt | 1.495 | 60.00% | 0.90 | 2.393 | Bullish | Jun 23, 2024 | 9.24% |
| Hungary | 1.903 | 30.00% | 0.57 | 2.474 | Bullish | Nov 26, 2023 | 22.76% |
| China | 1.819 | 40.00% | 0.73 | 2.547 | Bearish | Oct 06, 2024 | 16.29% |
| Hong Kong SAR | 2.571 | 0.00% | 0.00 | 2.571 | Bearish | Oct 06, 2024 | -3.82% |
| Turkey | 1.527 | 70.00% | 1.07 | 2.597 | Bearish | Jul 28, 2024 | 32.45% |
| Chile | 2.229 | 30.00% | 0.67 | 2.898 | Bearish | Oct 27, 2024 | -7.47% |
| Switzerland | 3.475 | -15.00% | -0.52 | 2.954 | Bearish | Sep 01, 2024 | 4.10% |
| United Kingdom | 2.864 | 20.00% | 0.57 | 3.437 | Bearish | Mar 12, 2023 | 6.87% |
| Korea, South | 2.945 | 20.00% | 0.59 | 3.534 | Bearish | Sep 01, 2024 | -17.36% |
| Portugal | 2.570 | 40.00% | 1.03 | 3.598 | Bearish | Nov 03, 2024 | -18.57% |
| Taiwan | 3.330 | 10.00% | 0.33 | 3.663 | Bearish | Nov 10, 2024 | 28.84% |
| Mexico | 2.667 | 40.00% | 1.07 | 3.733 | Bearish | Nov 10, 2024 | -24.96% |
| Thailand | 3.265 | 30.00% | 0.98 | 4.245 | Bullish | Aug 18, 2024 | 3.37% |
| Sweden | 4.485 | 0.00% | 0.00 | 4.485 | Bearish | Jul 28, 2024 | 5.69% |
| Australia | 4.816 | 0.00% | 0.00 | 4.816 | Bullish | Jul 9, 2023 | 9.93% |
| Canada | 4.514 | 10.00% | 0.45 | 4.966 | Bullish | Mar 26, 2023 | 18.69% |
| France | 3.718 | 40.00% | 1.49 | 5.205 | Bearish | Jun 9, 2023 | -3.01% |
| Denmark | 6.028 | 0.00% | 0.00 | 6.028 | Bearish | Sep 15, 2024 | 4.46% |
| South Africa | 4.360 | 40.00% | 1.74 | 6.104 | Bearish | Nov 10, 2024 | 13.04% |
| India | 4.167 | 50.00% | 2.08 | 6.250 | Bearish | Sep 29, 2024 | 14.44% |
| Netherlands | 5.901 | 20.00% | 1.18 | 7.081 | Bearish | Oct 13, 2024 | 4.92% |
| Japan | 5.538 | 40.00% | 2.22 | 7.753 | Bullish | Nov 03, 2024 | 8.68% |
| Germany | 6.008 | 30.00% | 1.80 | 7.810 | Bullish | Sep 22, 2024 | 13.87% |
| Belgium | 7.131 | 30.00% | 2.14 | 9.271 | Bullish | Mar 13, 2022 | 13.45% |
| United States | 7.321 | 30.00% | 2.20 | 9.517 | Bullish | Oct 29, 2023 | 27.62% |
| Israel | 27.231 | 30.00% | 8.17 | 35.400 | Bullish | Aug 4, 2024 | 27.86% |
| New Zealand | 1046.313 | 0.00% | 0.00 | 1046.313 | Bearish | Sep 15, 2024 | 7.95% |
Country Value and Growth Factors August 30, 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 % Aug 30 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -1.7 | 2.40 | 13.06 | 0.70 | 18.657 | 1.12 | Bullish | Aug 4, 2024 | MSCI Argentina | 36.91% |
| Australia | 1.0 | 3.74 | 19.93 | 4.74 | 4.205 | 2.46 | Bullish | Jul 9, 2023 | MSCI Australia USD | 8.61% |
| Austria | -0.6 | 5.48 | 7.48 | 4.88 | 1.533 | 1.03 | Bearish | Feb 4 2024 | MSCI Austria | 11.85% |
| Belgium | 1.1 | 2.17 | 23.44 | 3.27 | 7.168 | 1.74 | Bullish | Mar 13, 2022 | MSCI Belgium | 12.63% |
| Brazil | 3.3 | 7.04 | 9.61 | 10.34 | 0.929 | 1.56 | Bullish | Aug 4, 2024 | MSCI Brazil Net USD | -12.15% |
| Canada | 0.5 | 2.95 | 18.11 | 3.45 | 5.249 | 2.08 | Bullish | Mar 26, 2023 | MSCI Canada Net USD | 11.03% |
| Chile | 1.6 | 4.11 | 15.50 | 5.71 | 2.715 | 1.14 | Bearish | May 26, 2024 | MSCI Chile Net USD | -3.02% |
| China | 4.7 | 2.61 | 11.34 | 7.31 | 1.551 | 1.22 | Bearish | May 19, 2024 | MSCI China Net USD | 4.39% |
| Colombia | 2.1 | 9.04 | 6.18 | 11.14 | 0.555 | 0.96 | Bullish | Aug 11, 2024 | MSCI Colombia | 7.88% |
| Czech Republic | 0.6 | 7.52 | 12.43 | 8.12 | 1.531 | 1.7 | Bullish | July 23, 2023 | MSCI Czech Republic Net USD | -4.16% |
| Denmark | 2.5 | 1.34 | 34.32 | 3.84 | 8.938 | 7.07 | Bearish | Jul 14, 2024 | MSCI Denmark | 21.94% |
| Egypt | 2.2 | 1.85 | 7.88 | 4.07 | 1.936 | 2.46 | Bullish | Jun 23, 2024 | MSCI Egypt | 13.90% |
| Finland | -1.2 | 5.01 | 13.64 | 3.81 | 3.580 | 1.81 | Bullish | Oct 29, 2022 | MSCI Finland | 1.10% |
| France | 1.0 | 3.05 | 16.69 | 4.05 | 4.121 | 1.98 | Bearish | Jun 9, 2023 | MSCI France | 1.97% |
| Germany | 0.0 | 2.97 | 14.47 | 2.97 | 4.872 | 1.57 | Bearish | Jul 28, 2023 | MSCI Germany | 9.97% |
| Greece | 2.3 | 4.90 | 6.55 | 7.20 | 0.910 | 0.98 | Bullish | Aug 11, 2024 | MSCI Greece | 7.31% |
| Hong Kong SAR | 3.3 | 4.38 | 15.53 | 7.68 | 2.022 | 0.9 | Bullish | Jul 7, 2024 | MSCI Hong Kong | -8.06% |
| Hungary | 1.5 | 4.31 | 5.10 | 5.81 | 0.878 | 0.92 | Bullish | Nov 26, 2023 | MSCI Hungary | 12.88% |
| India | 6.7 | 1.00 | 27.81 | 7.70 | 3.612 | 4.34 | Bullish | July 23, 2023 | MSCI India Net USD | 22.68% |
| Indonesia | 5.1 | 4.49 | 17.44 | 9.54 | 1.828 | 2.48 | Bearish | May 26, 2024 | MSCI Indonesia USD | 2.06% |
| Ireland | -4.0 | 2.89 | 10.57 | -1.11 | -9.523 | 1.49 | Bullish | Jan 14, 2024 | MSCI Ireland | 26.22% |
| Israel | -1.4 | 1.45 | 13.87 | 0.10 | 138.700 | 2.08 | Bullish | Aug 4, 2024 | MSCI Israel | 18.34% |
| Italy | 0.9 | 5.01 | 9.52 | 5.91 | 1.611 | 1.49 | Bearish | Jun 9, 2024 | MSCI Italy | 14.44% |
| Japan | -1.0 | 2.18 | 15.47 | 1.18 | 13.110 | 1.47 | Bullish | Aug 11, 2024 | MSCI Japan USD | 13.00% |
| Korea, South | 2.3 | 2.02 | 17.34 | 4.32 | 4.014 | 1.08 | Bullish | Jun 2, 2024 | MSCI Korea USD | -2.26% |
| Malaysia | 5.9 | 3.60 | 17.06 | 9.50 | 1.796 | 1.51 | Bullish | Nov 6, 2022 | MSCI Malaysia USD | 24.20% |
| Mexico | 2.1 | 3.67 | 15.28 | 5.77 | 2.648 | 1.96 | Bearish | Jul 21, 2024 | MSCI Mexico USD | -19.49% |
| Netherlands | 0.8 | 1.83 | 24.53 | 2.63 | 9.327 | 3.34 | Bullish | Aug 11, 2024 | MSCI Netherlands | 15.54% |
| New Zealand | -0.5 | 2.53 | 56.60 | 2.03 | 27.882 | 3.05 | Bullish | Oct 29, 2023 | MSCI New Zealand | 6.37% |
| Norway | 4.2 | 6.31 | 12.80 | 10.51 | 1.218 | 1.8 | Bullish | Oct 8, 2023 | MSCI Norway | 1.07% |
| Pakistan | -0.2 | 9.83 | 4.13 | 9.66 | 0.428 | 0.93 | Bullish | Feb 18, 2024 | MSCI Pakistan Net USD | 22.21% |
| Peru | 3.6 | 3.71 | 15.30 | 7.31 | 2.093 | 2.2 | Bearish | Jun 2, 2024 | MSCI Peru | 16.29% |
| Philippines | 6.3 | 2.40 | 13.51 | 8.70 | 1.553 | 1.84 | Bullish | Jun 23, 2024 | MSCI Philippines USD | 7.28% |
| Poland | 3.2 | 5.83 | 9.97 | 9.03 | 1.104 | 1.24 | Bullish | Aug 11, 2024 | MSCI Poland USD | 7.75% |
| Portugal | 1.5 | 3.73 | 17.46 | 5.23 | 3.338 | 1.85 | Bullish | Apr 7, 2024 | MSCI Portugal | -8.14% |
| Qatar | 0.0 | 4.56 | 11.54 | 4.56 | 2.531 | 1.5 | Bullish | Dec 17, 2023 | MSCI Qatar | -6.57% |
| Singapore | 2.9 | 4.57 | 13.61 | 7.47 | 1.822 | 1.56 | Bullish | Apr 21, 2024 | MSCI Singapore | 12.21% |
| South Africa | 0.3 | 3.34 | 13.69 | 3.64 | 3.761 | 1.74 | Bullish | Jun 9, 2024 | MSCI South Africa USD | 13.93% |
| Spain | 2.9 | 4.25 | 9.77 | 7.15 | 1.366 | 1.4 | Bearish | Jul 26, 2024 | MSCI Spain | 11.56% |
| Sweden | 0.5 | 2.85 | 13.95 | 3.35 | 4.164 | 2.33 | Bearish | Jul 21, 2024 | MSCI Sweden | 8.87% |
| Switzerland | 1.8 | 2.88 | 18.88 | 4.68 | 4.034 | 3.85 | Bullish | May 5, 2024 | MSCI Switzerland | 10.20% |
| Taiwan | 5.1 | 2.38 | 23.07 | 7.44 | 3.101 | 2.98 | Bullish | Aug 11, 2024 | MSCI Taiwan USD | 28.08% |
| Thailand | 2.3 | 3.05 | 18.37 | 5.35 | 3.434 | 1.7 | Bullish | Aug 18, 2024 | MSCI Thailand USD | 1.01% |
| Turkey | 2.5 | 2.67 | 7.12 | 5.17 | 1.377 | 1.35 | Bearish | Jul 28, 2024 | MSCI Turkey | 37.00% |
| United Arab Emirates | 4.3 | 5.09 | 9.21 | 9.39 | 0.981 | 1.49 | Bullish | Oct 29, 2023 | MSCI UAE Gross USD | 1.61% |
| United Kingdom | 0.9 | 3.58 | 13.01 | 4.48 | 2.904 | 1.9 | Bearish | Mar 12, 2023 | MSCI UK | 8.29% |
| United States | 3.1 | 1.30 | 26.69 | 4.40 | 6.066 | 5.01 | Bullish | Oct 29, 2023 | MSCI USA USD | 18.82% |
| Vietnam | 6.9 | 1.11 | 16.65 | 8.04 | 2.071 | 1.64 | Bearish | Apr 14, 2024 | MSCI Vietnam | -1.34% |
| 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 | 40 | -4 | 237 | -5 | 7.6 | -2 | 1 | -1 | -2 | 35 | -2 |
| Australia | 4.35 | -1 | 3.8 | -1 | 4.2 | -1 | 1 | 30 | -1 | ||
| Austria | 3.65 | -1 | 2.3 | -1 | 6.4 | -1 | -1 | 23 | 0 | ||
| Belgium | 3.65 | -1 | 2.86 | -1 | 5.9 | -1 | 0 | 25 | 0 | ||
| Brazil | 10.5 | -3 | 4.25 | -2 | 6.8 | -1 | 0 | -1 | -3 | 34 | -2 |
| Canada | 4.25 | -1 | 2 | 0 | 6.6 | -1 | 0 | 1 | 26.5 | -1 | |
| Chile | 5.5 | -1 | 4.7 | -2 | 8.7 | -2 | 0 | -1 | 27 | -1 | |
| China | 3.35 | -1 | 0.6 | 0 | 5.3 | -1 | -1 | -2 | 25 | 0 | |
| Colombia | 10.75 | -3 | 6.12 | -2 | 9.9 | -2 | 0 | -1 | -2 | 35 | -2 |
| Czech Republic | 4.5 | -1 | 2.2 | -1 | 3.8 | -1 | -1 | -1 | 21 | 0 | |
| Denmark | 3.1 | -1 | 1.4 | 0 | 2.6 | 0 | 0 | 2 | 22 | 0 | |
| Egypt | 27.25 | -4 | 26.2 | -4 | 6.5 | -1 | 2 | -3 | 22.5 | 0 | |
| Finland | 3.65 | -1 | 1.2 | 0 | 7.9 | -2 | -1 | 2 | 20 | 0 | |
| France | 3.65 | -1 | 1.8 | 0 | 7.3 | -1 | -1 | 25 | 0 | ||
| Germany | 3.65 | -1 | 1.9 | 0 | 6 | -1 | -2 | 1 | 30 | -1 | |
| Greece | 3.65 | -1 | 3 | -1 | 9.9 | -2 | -2 | -1 | 22 | 0 | |
| Hong Kong | 5.25 | -1 | 2.5 | -1 | 3 | -1 | -1 | 1 | 16.5 | 0 | |
| Hungary | 6.75 | -2 | 6.75 | -2 | 4.2 | -1 | -2 | 9 | 2 | ||
| India | 6.5 | -2 | 3.65 | -1 | 8.5 | -2 | 0 | -2 | 34.94 | -2 | |
| Indonesia | 6 | -1 | 2.12 | -1 | 4.82 | -1 | 0 | -3 | 22 | 0 | |
| Ireland | 3.65 | -1 | 1.7 | 0 | 4.3 | -1 | 1 | 1 | 12.5 | 1 | |
| Israel | 4.5 | -1 | 3.6 | -1 | 2.6 | 0 | 2 | 23 | 0 | ||
| Italy | 3.65 | -1 | 1.1 | 0 | 6.5 | -1 | -2 | -1 | 24 | 0 | |
| Japan | 0.25 | 1 | 3 | -1 | 2.7 | 0 | -2 | 30.62 | -2 | ||
| Korea, South | 3.5 | -1 | 2 | 0 | 2.4 | 0 | -1 | 24 | 0 | ||
| Malaysia | 3 | -1 | 1.9 | 0 | 3.3 | -1 | 1 | -1 | -1 | 24 | 0 |
| Mexico | 10.75 | -3 | 4.99 | -2 | 2.9 | 0 | 0 | -1 | -3 | 30 | -1 |
| Netherlands | 3.65 | -1 | 3.6 | -1 | 3.7 | -1 | 0 | 1 | 25.8 | -1 | |
| New Zealand | 5.25 | -1 | 3.3 | -1 | 4.6 | -1 | 1 | 1 | 28 | -1 | |
| Norway | 4.5 | -1 | 2.6 | -1 | 3.9 | -1 | 0 | 1 | 22 | 0 | |
| Pakistan | 17.5 | -3 | 9.6 | -3 | 5.7 | -1 | 2 | -4 | 29 | -1 | |
| Peru | 5.25 | -1 | 2.03 | -1 | 6.1 | -1 | 0 | -1 | 29.5 | -1 | |
| Philippines | 6.25 | -2 | 3.3 | -1 | 4.7 | -1 | 2 | -1 | -3 | 25 | 0 |
| Poland | 5.75 | -1 | 4.3 | -2 | 5 | -1 | -2 | -1 | 19 | 0 | |
| Portugal | 3.65 | -1 | 1.86 | 0 | 6.2 | -1 | -2 | 21 | 0 | ||
| Qatar | 5.7 | -1 | 0.22 | 0 | 0.1 | -1 | 1 | 10 | 1 | ||
| Singapore | 3.57 | -1 | 2.2 | -1 | 2 | 0 | 1 | 1 | 17 | 0 | |
| South Africa | 8 | -2 | 4.4 | -2 | 33.5 | -5 | 1 | -1 | -2 | 27 | -1 |
| Spain | 3.65 | -1 | 2.3 | -1 | 11.27 | -2 | -1 | 25 | 0 | ||
| Sweden | 3.5 | -1 | 1.9 | 0 | 7.9 | -2 | 0 | 1 | 20.6 | 0 | |
| Switzerland | 1.25 | 0 | 1.1 | 0 | 2.4 | 0 | 0 | 1 | 14.6 | 1 | |
| Taiwan | 2 | 0 | 2.36 | -1 | 3.36 | -1 | -1 | 20 | 0 | ||
| Thailand | 2.5 | 0 | 0.35 | 0 | 1.07 | 0 | -1 | -3 | 20 | 0 | |
| Turkey | 50 | -5 | 51.97 | -5 | 8.8 | -2 | 0 | -1 | -3 | 25 | 0 |
| United Arab Emirates | 4.9 | -1 | 3.32 | -1 | 2.95 | 0 | 0 | 9 | 2 | ||
| United Kingdom | 5 | -1 | 2.2 | -1 | 4.1 | -1 | 0 | 25 | 0 | ||
| United States | 5 | -1 | 2.5 | -1 | 4.2 | -1 | 0 | 21 | 0 | ||
| Vietnam | 4.5 | -1 | 3.45 | -1 | 2.29 | 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 | 88.4 | -2 | 2 | -1 | -1 | -1 | -22 | 70.00% | |||
| Australia | 100 | 2 | 43.8 | 0 | 2 | -1 | -1 | 0 | 0 | -1 | 0.00% | ||
| Austria | 96 | 1 | 77.8 | -1 | 1 | -3 | 0 | 0 | -6 | 20.00% | |||
| Belgium | 87 | 0 | 105 | -2 | 1 | -3 | 0 | -1 | -8 | 30.00% | |||
| Brazil | 45 | -2 | 74.42 | -1 | 2 | -2 | -1 | 0 | -16 | 60.00% | |||
| Canada | 100 | 2 | 107 | -2 | 1 | 1 | -2 | -1 | 0 | 0 | -3 | 10.00% | |
| Chile | 73 | -1 | 46.1 | 0 | 1 | -1 | 0 | -8 | 30.00% | ||||
| China | 78 | -1 | 83.6 | -2 | 2 | -1 | -3 | -1 | -1 | 0 | -12 | 40.00% | |
| Colombia | 55 | -1 | 63.6 | -1 | 2 | -1 | -1 | -14 | 50.00% | ||||
| Czech Republic | 85 | 0 | 44 | 0 | 1 | -3 | 0 | 0 | -7 | 30.00% | |||
| Denmark | 100 | 2 | 29.3 | 0 | 1 | -3 | 0 | -1 | 0 | 0.00% | |||
| Egypt | 23 | -4 | 95.8 | -2 | 2 | -1 | -1 | -16 | 60.00% | ||||
| Finland | 76 | -1 | 75.8 | -1 | 1 | 0 | 0 | -3 | 10.00% | ||||
| France | 91 | 0 | 111 | -3 | 1 | -3 | 0 | -1 | -9 | 30.00% | |||
| Germany | 100 | 2 | 63.6 | -1 | 1 | -3 | 0 | -1 | -6 | 20.00% | |||
| Greece | 51 | -2 | 162 | -4 | 2 | 1 | -3 | -1 | -1 | -15 | 50.00% | ||
| Hong Kong | 88 | 0 | 0 | 2 | -1 | 0 | -1 | -3 | 10.00% | ||||
| Hungary | 60 | -1 | 73.5 | -1 | 2 | -3 | 0 | 0 | -8 | 30.00% | |||
| India | 56 | -1 | 81.59 | -2 | 1 | -1 | -1 | -1 | -14 | 50.00% | |||
| Indonesia | 60 | -1 | 39.3 | 0 | 1 | -1 | -1 | -1 | -1 | -10 | 40.00% | ||
| Ireland | 85 | 0 | 43.7 | 0 | 1 | -3 | -1 | 0 | -1 | -3 | 10.00% | ||
| Israel | 80 | -1 | 60.7 | -1 | 1 | -3 | -2 | -6 | 20.00% | ||||
| Italy | 62 | -1 | 135 | -3 | 1 | -3 | 0 | -1 | -12 | 40.00% | |||
| Japan | 77 | -1 | 264 | -5 | 2 | -1 | -1 | -1 | -11 | 40.00% | |||
| Korea, South | 86 | 0 | 49.6 | 0 | 2 | -1 | -1 | -1 | 0 | -3 | 10.00% | ||
| Malaysia | 68 | -1 | 61.1 | -1 | 1 | -1 | -1 | -6 | 20.00% | ||||
| Mexico | 60 | -1 | 49.7 | 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 | 39.3 | 0 | 1 | -1 | 0 | 0 | -1 | 0.00% | |||
| Norway | 100 | 2 | 44.3 | 0 | 1 | 0 | 0 | 1 | -5.00% | ||||
| Pakistan | 16 | -4 | 91 | -2 | 1 | -1 | -1 | -17 | 60.00% | ||||
| Peru | 61 | -1 | 33.8 | 0 | 1 | -1 | 0 | -1 | -7 | 30.00% | |||
| Philippines | 61 | -1 | 60.1 | -1 | 1 | -1 | -1 | -9 | 30.00% | ||||
| Poland | 71 | -1 | 49.6 | 0 | 2 | -3 | 0 | 0 | -9 | 30.00% | |||
| Portugal | 71 | -1 | 99.1 | -2 | 2 | -3 | 0 | 0 | -8 | 30.00% | |||
| Qatar | 88 | 0 | 45.3 | 0 | 2 | 0 | 0 | 2 | -5.00% | ||||
| 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 | -12 | 40.00% | |||
| Sweden | 100 | 2 | 31.2 | 0 | 1 | -3 | 0 | 0 | -2 | 0.00% | |||
| Switzerland | 100 | 2 | 38.3 | 0 | 2 | 0 | 0 | 6 | -15.00% | ||||
| Taiwan | 90 | 0 | 29.1 | 0 | 1 | -1 | 0 | -3 | 10.00% | ||||
| Thailand | 65 | -1 | 60.96 | -1 | 1 | -1 | -1 | -1 | -8 | 30.00% | |||
| Turkey | 35 | -3 | 29.5 | 0 | 2 | -2 | -1 | -20 | 70.00% | ||||
| United Arab Emirates | 90 | 0 | 29.9 | 0 | 2 | -2 | -1 | -1 | 0.00% | ||||
| United Kingdom | 87 | 0 | 97.6 | -2 | 2 | -1 | -1 | -5 | 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
.
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Aug 30 2024 |
|---|---|---|---|
| Hong Kong SAR | 0.9 | Bullish | -8.06% |
| Hungary | 0.92 | Bullish | 12.88% |
| Pakistan | 0.93 | Bullish | 22.21% |
| Colombia | 0.96 | Bullish | 7.88% |
| Greece | 0.98 | Bullish | 7.31% |
| Austria | 1.03 | Bearish | 11.85% |
| Korea, South | 1.08 | Bullish | -2.26% |
| Argentina | 1.12 | Bullish | 36.91% |
| Chile | 1.14 | Bearish | -3.02% |
| China | 1.22 | Bearish | 4.39% |
| Poland | 1.24 | Bullish | 7.75% |
| Turkey | 1.35 | Bearish | 37.00% |
| Spain | 1.4 | Bearish | 11.56% |
| Japan | 1.47 | Bullish | 13.00% |
| Ireland | 1.49 | Bullish | 26.22% |
| Italy | 1.49 | Bearish | 14.44% |
| United Arab Emirates | 1.49 | Bullish | 1.61% |
| Qatar | 1.5 | Bullish | -6.57% |
| Malaysia | 1.51 | Bullish | 24.20% |
| Brazil | 1.56 | Bullish | -12.15% |
| Singapore | 1.56 | Bullish | 12.21% |
| Germany | 1.57 | Bearish | 9.97% |
| Vietnam | 1.64 | Bearish | -1.34% |
| Czechia | 1.7 | Bullish | -4.16% |
| Thailand | 1.7 | Bullish | 1.01% |
| Belgium | 1.74 | Bullish | 12.63% |
| South Africa | 1.74 | Bullish | 13.93% |
| Norway | 1.8 | Bullish | 1.07% |
| Finland | 1.81 | Bullish | 1.10% |
| Philippines | 1.84 | Bullish | 7.28% |
| Portugal | 1.85 | Bullish | -8.14% |
| United Kingdom | 1.9 | Bearish | 8.29% |
| Mexico | 1.96 | Bearish | -19.49% |
| France | 1.98 | Bearish | 1.97% |
| Canada | 2.08 | Bullish | 11.03% |
| Israel | 2.08 | Bullish | 18.34% |
| Peru | 2.2 | Bearish | 16.29% |
| Sweden | 2.33 | Bearish | 8.87% |
| Australia | 2.46 | Bullish | 8.61% |
| Egypt | 2.46 | Bullish | 13.90% |
| Indonesia | 2.48 | Bearish | 2.06% |
| Taiwan | 2.98 | Bullish | 28.08% |
| New Zealand | 3.05 | Bullish | 6.37% |
| Netherlands | 3.34 | Bullish | 15.54% |
| Switzerland | 3.85 | Bullish | 10.20% |
| India | 4.34 | Bullish | 22.68% |
| United States | 5.01 | Bullish | 18.82% |
| Denmark | 7.07 | Bearish | 21.94% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Aug 30 2024 |
|---|---|---|---|
| Ireland | -9.523 | Bullish | 26.22% |
| Pakistan | 0.428 | Bullish | 22.21% |
| Colombia | 0.555 | Bullish | 7.88% |
| Hungary | 0.878 | Bullish | 12.88% |
| Greece | 0.910 | Bullish | 7.31% |
| Brazil | 0.929 | Bullish | -12.15% |
| United Arab Emirates | 0.981 | Bullish | 1.61% |
| Poland | 1.104 | Bullish | 7.75% |
| Norway | 1.218 | Bullish | 1.07% |
| Spain | 1.366 | Bearish | 11.56% |
| Turkey | 1.377 | Bearish | 37.00% |
| Czechia | 1.531 | Bullish | -4.16% |
| Austria | 1.533 | Bearish | 11.85% |
| China | 1.551 | Bearish | 4.39% |
| Philippines | 1.553 | Bullish | 7.28% |
| Italy | 1.611 | Bearish | 14.44% |
| Malaysia | 1.796 | Bullish | 24.20% |
| Singapore | 1.822 | Bullish | 12.21% |
| Indonesia | 1.828 | Bearish | 2.06% |
| Egypt | 1.936 | Bullish | 13.90% |
| Hong Kong SAR | 2.022 | Bullish | -8.06% |
| Vietnam | 2.071 | Bearish | -1.34% |
| Peru | 2.093 | Bearish | 16.29% |
| Qatar | 2.531 | Bullish | -6.57% |
| Mexico | 2.648 | Bearish | -19.49% |
| Chile | 2.715 | Bearish | -3.02% |
| United Kingdom | 2.904 | Bearish | 8.29% |
| Taiwan | 3.101 | Bullish | 28.08% |
| Portugal | 3.338 | Bullish | -8.14% |
| Thailand | 3.434 | Bullish | 1.01% |
| Finland | 3.580 | Bullish | 1.10% |
| India | 3.612 | Bullish | 22.68% |
| South Africa | 3.761 | Bullish | 13.93% |
| Korea, South | 4.014 | Bullish | -2.26% |
| Switzerland | 4.034 | Bullish | 10.20% |
| France | 4.121 | Bearish | 1.97% |
| Sweden | 4.164 | Bearish | 8.87% |
| Australia | 4.205 | Bullish | 8.61% |
| Germany | 4.872 | Bearish | 9.97% |
| Canada | 5.249 | Bullish | 11.03% |
| United States | 6.066 | Bullish | 18.82% |
| Belgium | 7.168 | Bullish | 12.63% |
| Denmark | 8.938 | Bearish | 21.94% |
| Netherlands | 9.327 | Bullish | 15.54% |
| Japan | 13.110 | Bullish | 13.00% |
| Argentina | 18.657 | Bullish | 36.91% |
| New Zealand | 27.882 | Bullish | 6.37% |
| Israel | 138.700 | Bullish | 18.34% |
| 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 2024 |
|---|---|---|---|---|---|---|---|
| Ireland | -9.523 | 10.00% | -0.95 | -10.475 | Jan 14, 2024 | MSCI Ireland | 26.22% |
| Pakistan | 0.428 | 60.00% | 0.26 | 0.684 | Feb 18, 2024 | MSCI Pakistan Net USD | 22.21% |
| Colombia | 0.555 | 50.00% | 0.28 | 0.832 | Aug 11, 2024 | MSCI Colombia | 7.88% |
| United Arab Emirates | 0.981 | 0.00% | 0.00 | 0.981 | Oct 29, 2023 | MSCI UAE Gross USD | 1.61% |
| Hungary | 0.878 | 30.00% | 0.26 | 1.141 | Nov 26, 2023 | MSCI Hungary | 12.88% |
| Norway | 1.218 | -5.00% | -0.06 | 1.157 | Oct 8, 2023 | MSCI Norway | 1.07% |
| Greece | 0.910 | 50.00% | 0.45 | 1.365 | Aug 11, 2024 | MSCI Greece | 7.31% |
| Poland | 1.104 | 30.00% | 0.33 | 1.435 | Aug 11, 2024 | MSCI Poland USD | 7.75% |
| Brazil | 0.929 | 60.00% | 0.56 | 1.487 | Aug 4, 2024 | MSCI Brazil Net USD | -12.15% |
| Singapore | 1.822 | 0.00% | 0.00 | 1.822 | Apr 21, 2024 | MSCI Singapore | 12.21% |
| Austria | 1.533 | 20.00% | 0.31 | 1.839 | Feb 4 2024 | MSCI Austria | 11.85% |
| Spain | 1.366 | 40.00% | 0.55 | 1.913 | Jul 26, 2024 | MSCI Spain | 11.56% |
| Czechia | 1.531 | 30.00% | 0.46 | 1.990 | July 23, 2023 | MSCI Czech Republic Net USD | -4.16% |
| Philippines | 1.553 | 30.00% | 0.47 | 2.019 | Jun 23, 2024 | MSCI Philippines USD | 7.28% |
| Malaysia | 1.796 | 20.00% | 0.36 | 2.155 | Nov 6, 2022 | MSCI Malaysia USD | 24.20% |
| China | 1.551 | 40.00% | 0.62 | 2.172 | May 19, 2024 | MSCI China Net USD | 4.39% |
| Hong Kong SAR | 2.022 | 10.00% | 0.20 | 2.224 | Jul 7, 2024 | MSCI Hong Kong | -8.06% |
| Italy | 1.611 | 40.00% | 0.64 | 2.255 | Jun 9, 2024 | MSCI Italy | 14.44% |
| Vietnam | 2.071 | 10.00% | 0.21 | 2.278 | Apr 14, 2024 | MSCI Vietnam | -1.34% |
| Turkey | 1.377 | 70.00% | 0.96 | 2.341 | Jul 28, 2024 | MSCI Turkey | 37.00% |
| Qatar | 2.531 | -5.00% | -0.13 | 2.404 | Dec 17, 2023 | MSCI Qatar | -6.57% |
| Indonesia | 1.828 | 40.00% | 0.73 | 2.559 | May 26, 2024 | MSCI Indonesia USD | 2.06% |
| Peru | 2.093 | 30.00% | 0.63 | 2.721 | Jun 2, 2024 | MSCI Peru | 16.29% |
| Egypt | 1.936 | 60.00% | 1.16 | 3.098 | Jun 23, 2024 | MSCI Egypt | 13.90% |
| Taiwan | 3.101 | 10.00% | 0.31 | 3.411 | Aug 11, 2024 | MSCI Taiwan USD | 28.08% |
| Switzerland | 4.034 | -15.00% | -0.61 | 3.429 | May 5, 2024 | MSCI Switzerland | 10.20% |
| United Kingdom | 2.904 | 20.00% | 0.58 | 3.485 | Mar 12, 2023 | MSCI UK | 8.29% |
| Chile | 2.715 | 30.00% | 0.81 | 3.529 | May 26, 2024 | MSCI Chile Net USD | -3.02% |
| Mexico | 2.648 | 40.00% | 1.06 | 3.707 | Jul 21, 2024 | MSCI Mexico USD | -19.49% |
| Finland | 3.580 | 10.00% | 0.36 | 3.938 | Oct 29, 2022 | MSCI Finland | 1.10% |
| Sweden | 4.164 | 0.00% | 0.00 | 4.164 | Jul 21, 2024 | MSCI Sweden | 8.87% |
| Australia | 4.205 | 0.00% | 0.00 | 4.205 | Jul 9, 2023 | MSCI Australia USD | 8.61% |
| Portugal | 3.338 | 30.00% | 1.00 | 4.340 | Apr 7, 2024 | MSCI Portugal | -8.14% |
| Korea, South | 4.014 | 10.00% | 0.40 | 4.415 | Jun 2, 2024 | MSCI Korea USD | -2.26% |
| Thailand | 3.434 | 30.00% | 1.03 | 4.464 | Aug 18, 2024 | MSCI Thailand USD | 1.01% |
| France | 4.121 | 30.00% | 1.24 | 5.357 | Jun 9, 2023 | MSCI France | 1.97% |
| India | 3.612 | 50.00% | 1.81 | 5.418 | July 23, 2023 | MSCI India Net USD | 22.68% |
| South Africa | 3.761 | 50.00% | 1.88 | 5.641 | Jun 9, 2024 | MSCI South Africa USD | 13.93% |
| Canada | 5.249 | 10.00% | 0.52 | 5.774 | Mar 26, 2023 | MSCI Canada Net USD | 11.03% |
| Germany | 4.872 | 20.00% | 0.97 | 5.846 | Jul 28, 2023 | MSCI Germany | 9.97% |
| United States | 6.066 | 30.00% | 1.82 | 7.886 | Oct 29, 2023 | MSCI USA USD | 18.82% |
| Denmark | 8.938 | 0.00% | 0.00 | 8.938 | Jul 14, 2024 | MSCI Denmark | 21.94% |
| Belgium | 7.168 | 30.00% | 2.15 | 9.319 | Mar 13, 2022 | MSCI Belgium | 12.63% |
| Netherlands | 9.327 | 10.00% | 0.93 | 10.260 | Aug 11, 2024 | MSCI Netherlands | 15.54% |
| Japan | 13.110 | 40.00% | 5.24 | 18.354 | Aug 11, 2024 | MSCI Japan USD | 13.00% |
| New Zealand | 27.882 | 0.00% | 0.00 | 27.882 | Oct 29, 2023 | MSCI New Zealand | 6.37% |
| Argentina | 18.657 | 70.00% | 13.06 | 31.72 | Aug 4, 2024 | MSCI Argentina | 36.91% |
| Israel | 138.700 | 20.00% | 27.74 | 166.440 | Aug 4, 2024 | MSCI Israel | 18.34% |
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% |
| India | 8.40 | 1.05 | 25.42 | 9.45 | 2.690 | 3.65 | Bearish | Nov 21, 2021 | MSCI India Net USD | 21.20% |
| Indonesia | 3.51 | 2.41 | 19.22 | 5.92 | 3.247 | 2.37 | Bullish | Aug 29, 2021 | MSCI Indonesia USD | 0.99% |
| Ireland | 11.40 | 1.33 | 27.75 | 12.73 | 2.180 | 2.48 | Bearish | Sep 26, 2021 | MSCI Ireland | 3.29% |
| Israel | 5.90 | 1.45 | 14.23 | 7.35 | 1.936 | 1.82 | Bearish | May 09, 2021 | MSCI Israel | 9.23% |
| Italy | 3.18 | 14.55 | 3.18 | 4.575 | 1.3 | Bearish | Nov 21, 2021 | MSCI Italy | 12.84% | |
| Japan | 1.40 | 2.21 | 15.72 | 3.61 | 4.355 | 1.42 | Bearish | Sep 26, 2021 | MSCI Japan USD | -0.18% |
| Korea, South | 4.00 | 1.74 | 13.35 | 5.74 | 2.326 | 1.22 | Bearish | Feb 21, 2021 | MSCI Korea USD | -13.82% |
| Malaysia | -4.50 | 4.56 | 13.72 | 0.06 | 228.667 | 1.51 | Bullish | Mar 22, 2020 | MSCI Malaysia USD | -10.01% |
| Mexico | 4.50 | 2.74 | 13.19 | 7.24 | 1.822 | 2.02 | Bullish | Nov 28, 2021 | MSCI Mexico USD | 8.34% |
| Netherlands | 5.00 | 1.29 | 25.72 | 6.29 | 4.089 | 3.22 | Bearish | Nov 21, 2021 | MSCI Netherlands | 32.97% |
| New Zealand | 17.40 | 1.93 | 28.69 | 19.33 | 1.484 | 3.22 | Bearish | Feb 07, 2021 | MSCI New Zealand | -16.49% |
| Norway | 5.10 | 3.16 | 18.36 | 8.26 | 2.223 | 1.97 | Bearish | Oct 24, 2021 | MSCI Norway | 20.57% |
| Pakistan | 3.94 | 6.60 | 6.74 | 10.54 | 0.639 | 0.99 | Bearish | Nov 07, 2021 | MSCI Pakistan Net USD | -12.86% |
| Peru | 11.40 | 2.44 | 15.10 | 13.84 | 1.091 | 1.72 | Bearish | Nov 14, 2021 | MSCI Peru | -23.67% |
| Philippines | 7.10 | 1.31 | 24.13 | 8.41 | 2.869 | 1.91 | Bullish | Aug 15, 2021 | MSCI Philippines | -3.12% |
| Poland | 5.30 | 2.63 | 11.52 | 7.93 | 1.453 | 1.32 | Bullish | Nov 28, 2021 | MSCI Poland USD | 2.29% |
| Portugal | 4.20 | 2.74 | 62.00 | 6.94 | 8.934 | 2.55 | Bullish | Aug 15, 2021 | MSCI Portugal | 1.55% |
| Qatar | 4.00 | 2.57 | 15.82 | 6.57 | 2.408 | 1.97 | Bearish | Apr 12, 2020 | MSCI Qatar | 8.22% |
| Russia | 4.30 | 5.09 | 8.41 | 9.39 | 0.896 | 1.17 | Bullish | Nov 28, 2021 | MSCI Russia USD | 21.82% |
| Singapore | 7.10 | 3.15 | 22.34 | 10.25 | 2.180 | 1.33 | Bearish | May 09, 2021 | MSCI Singapore | 5.33% |
| South Africa | 2.90 | 3.54 | 10.22 | 6.44 | 1.587 | 1.89 | Bullish | Nov 28, 2021 | MSCI South Africa USD | 10.14% |
| Spain | 2.70 | 2.99 | 13.16 | 5.69 | 2.313 | 1.2 | Bearish | Nov 21, 2021 | MSCI Spain | 1.79% |
| Sweden | 4.70 | 2.36 | 12.30 | 7.06 | 1.742 | 2.52 | Bearish | Nov 21, 2021 | MSCI Sweden | 21.87% |
| Switzerland | 4.10 | 2.47 | 21.03 | 6.57 | 3.201 | 3.42 | Bullish | Nov 01, 2020 | MSCI Switzerland | 12.71% |
| Taiwan | 3.70 | 2.64 | 15.35 | 6.34 | 2.421 | 2.72 | Bearish | Sep 26, 2021 | MSCI Taiwan USD | 19.65% |
| Thailand | -0.30 | 2.79 | 22.37 | 2.49 | 8.984 | 2.06 | Bearish | Nov 21, 2021 | MSCI Thailand USD | -7.37% |
| Turkey | 7.40 | 3.04 | 6.77 | 10.44 | 0.648 | 1.24 | Bullish | Oct 17, 2021 | MSCI Turkey | 18.31% |
| United Arab Emirates | -6.10 | 3.28 | 16.44 | -2.82 | -5.830 | 1.65 | Bullish | May 31, 2020 | MSCI UAE Gross USD | 39.62% |
| United Kingdom | 6.60 | 3.80 | 15.30 | 10.40 | 1.471 | 1.78 | Bearish | Jun 07, 2020 | MSCI UK | 8.03% |
| United States | 4.90 | 1.31 | 25.07 | 6.21 | 4.037 | 4.88 | Bullish | Nov 01, 2020 | MSCI USA USD | 22.41% |
| Vietnam | -6.17 | 0.96 | 20.77 | -5.21 | -3.987 | 3.45 | Bearish | Jul 04, 2021 | MSCI Vietnam | 19.62% |
| 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 | Negative Pop Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score |
| Argentina | 38 | -4 | 52.1 | -5 | 9.6 | -1 | 1 | 0 | 57.2 | 0 | -1 | -2 | |
| Australia | 0.1 | 1 | 3 | -1 | 5.2 | -1 | 2.5 | -1 | 78.75 | 3 | 1 | ||
| Austria | 0 | 1 | 4.3 | -2 | 7 | -1 | 2.5 | -1 | 76.61 | 3 | |||
| Belgium | 0 | 1 | 5.64 | -2 | 6.3 | -1 | -0.2 | 0 | 76.38 | 3 | |||
| Brazil | 7.75 | -1 | 10.67 | -3 | 12.6 | -2 | -0.72 | 0 | 60.93 | 0 | -1 | -2 | |
| Canada | 0.25 | 1 | 4.7 | -2 | 6 | -1 | -1.9 | -1 | 79.59 | 3 | 1 | ||
| Chile | 2.75 | 0 | 6.7 | -2 | 8.1 | -1 | 1.4 | 0 | 70.54 | 2 | -1 | ||
| China | 3.85 | -1 | 1.5 | 0 | 4.9 | 0 | 1.9 | -1 | 73.9 | 2 | -1 | -1 | -2 |
| Colombia | 2.5 | 0 | 5.26 | -2 | 11.8 | -2 | -3.4 | -1 | 62.73 | 0 | -1 | ||
| Czech Republic | 2.75 | 0 | 5.8 | -2 | 3.4 | 0 | 3.6 | -1 | 70.85 | 2 | -1 | ||
| Denmark | -0.6 | -1 | 3 | -1 | 3.1 | 0 | 7.8 | -2 | 81.17 | 4 | 2 | ||
| Egypt | 8.25 | -2 | 6.3 | -2 | 7.5 | -1 | -4.6 | -1 | 54.54 | 0 | -3 | ||
| Finland | 0 | 1 | 3.2 | -1 | 6 | -1 | 0.3 | 0 | 80.25 | 4 | 1 | ||
| France | 0 | 1 | 2.8 | -1 | 8.1 | -1 | -1.9 | -1 | 78.81 | 3 | |||
| Germany | 0 | 1 | 5.2 | -2 | 5.3 | -1 | 7 | -2 | 81.8 | 4 | -1 | 1 | |
| Greece | 0 | 1 | 3.4 | -1 | 13 | -2 | -6.7 | -2 | 62.58 | 0 | -1 | -1 | |
| Hong Kong | 0.86 | 1 | 1.7 | 0 | 4.3 | 0 | 6.6 | -2 | 83.14 | 4 | 1 | ||
| Hungary | 2.1 | 0 | 6.5 | -2 | 3.8 | 0 | 0 | 0 | 65.08 | 1 | -1 | -1 | |
| India | 4 | -1 | 4.48 | -2 | 6.9 | -1 | 0.9 | 0 | 61.36 | 0 | -2 | ||
| Indonesia | 3.5 | 0 | 1.75 | 0 | 6.49 | -1 | -0.44 | 0 | 64.63 | 0 | -3 | ||
| Ireland | 0 | 1 | 5.1 | -2 | 5.2 | -1 | 4.6 | -1 | 75.12 | 3 | |||
| Israel | 0.1 | 1 | 2.3 | -1 | 5 | -1 | 4.9 | -1 | 76.74 | 3 | |||
| Italy | 0 | 1 | 2.1 | -1 | 9.3 | -1 | 3.6 | -1 | 71.53 | 2 | -1 | -1 | |
| Japan | -0.1 | -1 | 0.1 | 0 | 2.7 | 0 | 3.2 | -1 | 82.27 | 4 | -1 | ||
| Korea, South | 1 | 1 | 3.7 | -1 | 3.2 | 0 | 3.5 | -1 | 79.62 | 3 | -1 | ||
| Malaysia | 1.75 | 0 | 2.9 | -1 | 4.5 | 0 | 1 | 0 | 74.6 | 2 | -1 | -1 | |
| Mexico | 5 | -1 | 6.24 | -2 | 3.9 | 0 | 2.4 | -1 | 64.95 | 0 | -1 | -3 | |
| Netherlands | 0 | 1 | 5.2 | -2 | 2.9 | 0 | 7.8 | -2 | 82.39 | 4 | 1 | ||
| New Zealand | 0.75 | 1 | 4.9 | -2 | 3.4 | 0 | -2.7 | -1 | 76.75 | 3 | 2 | ||
| Norway | 0.25 | 1 | 3.5 | -1 | 4.2 | 0 | 2 | -1 | 78.05 | 3 | 1 | ||
| Pakistan | 8.75 | -2 | 11.5 | -3 | 4.4 | 0 | -0.6 | 0 | 51.36 | 0 | -3 | ||
| Peru | 2 | 0 | 5.66 | -2 | 9.6 | -1 | 0.7 | 0 | 61.66 | 0 | -1 | ||
| Philippines | 2 | 0 | 4.2 | -2 | 7.4 | -1 | 3.6 | -1 | 61.87 | 0 | -1 | -3 | |
| Poland | 1.25 | 0 | 7.7 | -2 | 5.5 | -1 | 3.6 | -1 | 68.89 | 1 | -1 | -1 | |
| Portugal | 0 | 1 | 2.6 | -1 | 6.1 | -1 | -1.2 | 0 | 70.45 | 2 | |||
| Qatar | 2.5 | 0 | 4.28 | -2 | 0.1 | -1 | -2.5 | -1 | 66.74 | 1 | |||
| Russia | 7.5 | -1 | 8.13 | -3 | 4.3 | 0 | 2.4 | -1 | 66.74 | 1 | -1 | -3 | |
| Singapore | 0.22 | 1 | 3.2 | -1 | 2.6 | 0 | 17.6 | -3 | 84.78 | 4 | 1 | ||
| South Africa | 3.75 | -1 | 5 | -2 | 34.9 | -5 | 2.2 | -1 | 62.44 | 0 | -1 | -1 | |
| Spain | 0 | 1 | 5.6 | -2 | 14.57 | -2 | 0.7 | 0 | 75.28 | 3 | |||
| Sweden | 0 | 1 | 2.8 | -1 | 7.6 | -1 | 5.2 | -2 | 81.25 | 4 | 1 | ||
| Switzerland | -0.75 | -1 | 1.5 | 0 | 2.5 | 0 | 3.8 | -1 | 82.33 | 4 | 1 | ||
| Taiwan | 1.13 | 0 | 2.36 | -1 | 4.36 | 0 | 9.5 | -2 | 80.24 | 4 | |||
| Thailand | 0.5 | 1 | 2.71 | -1 | 2.25 | 0 | 4.2 | -1 | 68.11 | 1 | -1 | -3 | |
| Turkey | 15 | -2 | 21.31 | -4 | 11.5 | -2 | -5.1 | -2 | 61 | 0 | -1 | -2 | |
| United Arab Emirates | 1.5 | 0 | 1.19 | 0 | 5 | -1 | 5.9 | -2 | 75.01 | 3 | |||
| United Kingdom | 0.1 | 1 | 4.2 | -2 | 4.3 | 0 | -3.5 | -1 | 81.2 | 4 | 1 | ||
| United States | 0.25 | 1 | 6.2 | -2 | 4.2 | 0 | -3.1 | -1 | 83.67 | 4 | -1 | ||
| Vietnam | 4 | -1 | 2.1 | -1 | 3.72 | 0 | 5 | -1 | 61.54 | 0 | -3 | ||
| 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 | -20 | 70.00% | ||
| Australia | 30 | -1 | 100 | 2 | 24.8 | 1 | 1 | -1 | -1 | 0 | 0 | -1 | 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 | -5 | 20.00% | ||
| Brazil | 34 | -2 | 42 | -2 | 88.83 | -1 | 2 | -1 | -1 | 0 | -1 | -15 | 50.00% | ||
| 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 | -1 | -5 | 20.00% | ||
| China | 25 | 0 | 80 | -1 | 66.8 | 0 | 2 | -1 | -2 | -1 | -1 | 0 | -8 | 30.00% | |
| Colombia | 31 | -2 | 55 | -1 | 62.8 | 0 | 2 | -1 | -1 | -1 | -10 | 40.00% | |||
| Czech Republic | 19 | 0 | 83 | 0 | 38.1 | 0 | 1 | 0 | 0 | -1 | -2 | 0.00% | |||
| Denmark | 22 | 0 | 100 | 2 | 42.2 | 0 | 1 | -2 | 0 | -2 | -1 | 0 | 0.00% | ||
| Egypt | 22.5 | 0 | 30 | -3 | 88 | -1 | 2 | -1 | -1 | -1 | -14 | 50.00% | |||
| Finland | 20 | 0 | 96 | 1 | 69.2 | 0 | 1 | -2 | 0 | 0 | -1 | 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 | -2 | -3 | 10.00% | ||
| Greece | 24 | 0 | 40 | -2 | 206 | -4 | 2 | 1 | -2 | -1 | -1 | -3 | -16 | 60.00% | |
| Hong Kong | 16.5 | 0 | 90 | 0 | 38.4 | 0 | 1 | -1 | 0 | -1 | 3 | -10.00% | |||
| Hungary | 9 | 2 | 58 | -1 | 80.4 | -1 | 2 | 0 | 0 | -4 | -5 | 20.00% | |||
| India | 25.17 | -1 | 56 | -1 | 73.95 | 0 | 2 | -2 | -1 | -1 | -1 | -1 | -12 | 40.00% | |
| Indonesia | 22 | 0 | 60 | -1 | 38.5 | 0 | 2 | -2 | -1 | -1 | -1 | -8 | 30.00% | ||
| Ireland | 12.5 | 1 | 78 | -1 | 59.5 | 0 | 1 | 0 | -1 | -2 | -2 | 0.00% | |||
| Israel | 23 | 0 | 81 | 0 | 71.1 | 0 | 1 | -1 | -1 | -1 | -1 | -2 | 0.00% | ||
| Italy | 24 | 0 | 61 | -1 | 156 | -3 | 1 | -2 | 0 | -1 | -1 | -9 | 30.00% | ||
| Japan | 30.62 | -2 | 77 | -1 | 266 | -4 | 2 | -1 | -1 | -1 | -7 | 30.00% | |||
| Korea, South | 25 | 0 | 86 | 0 | 42.6 | 0 | 2 | -1 | -1 | -1 | 0 | 0 | 0.00% | ||
| Malaysia | 24 | 0 | 70 | -1 | 60.7 | 0 | 1 | -1 | -1 | -1 | -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 | 1 | -5.00% | |
| New Zealand | 28 | -1 | 93 | 0 | 30.1 | 0 | 1 | -1 | 0 | 0 | -1 | 1 | -5.00% | ||
| Norway | 22 | 0 | 100 | 2 | 46 | 0 | 1 | 0 | 0 | -1 | 5 | -15.00% | |||
| Pakistan | 29 | -1 | 25 | -3 | 87 | -1 | 1 | -1 | -1 | -14 | 50.00% | ||||
| Peru | 29.5 | -1 | 65 | -1 | 35.4 | 0 | 1 | -1 | 0 | -1 | -1 | -8 | 30.00% | ||
| Philippines | 30 | -1 | 61 | -1 | 53.5 | 0 | 2 | -1 | -1 | -1 | -11 | 40.00% | |||
| Poland | 19 | 0 | 71 | -1 | 57.5 | 0 | 2 | 0 | 0 | -3 | -7 | 30.00% | |||
| Portugal | 21 | 0 | 71 | -1 | 134 | -2 | 1 | -2 | 0 | 0 | -1 | -4 | 10.00% | ||
| Qatar | 10 | 1 | 85 | 0 | 71.8 | 0 | 2 | 0 | 0 | -1 | -1 | 0.00% | |||
| Russia | 20 | 0 | 55 | -1 | 17.8 | 1 | 2 | -1 | -1 | -3 | -1 | -2 | -14 | 50.00% | |
| Singapore | 17 | 0 | 100 | 2 | 131 | -2 | 2 | 1 | -1 | -1 | -1 | 2 | -5.00% | ||
| South Africa | 28 | -1 | 45 | -2 | 80.3 | -1 | 2 | 0 | 0 | -1 | -14 | 50.00% | |||
| Spain | 25 | 0 | 71 | -1 | 120 | -2 | 1 | -2 | -1 | -1 | -1 | -7 | 30.00% | ||
| Sweden | 20.6 | 0 | 100 | 2 | 39.9 | 0 | 1 | 0 | 0 | -1 | 4 | -10.00% | |||
| Switzerland | 14.93 | 1 | 100 | 2 | 42.9 | 0 | 2 | 0 | 0 | -2 | 6 | -15.00% | |||
| Taiwan | 20 | 0 | 86 | 0 | 28.2 | 0 | 2 | -1 | 0 | 2 | -5.00% | ||||
| Thailand | 20 | 0 | 65 | -1 | 50.5 | 0 | 2 | -1 | -1 | -1 | -6 | 20.00% | |||
| Turkey | 25 | 0 | 35 | -3 | 39.5 | 0 | 2 | -1 | -1 | -2 | -1 | -1 | -20 | 70.00% | |
| United Arab Emirates | 0 | -1 | 90 | 0 | 36.9 | 0 | 2 | 0 | 0 | -3 | -2 | 0.00% | |||
| United Kingdom | 19 | 0 | 90 | 0 | 94.9 | -1 | 2 | -2 | -1 | -1 | -2 | -2 | 0.00% | ||
| United States | 21 | 0 | 98 | 1 | 128 | -2 | 1 | -2 | 0 | -1 | -2 | -4 | 10.00% | ||
| Vietnam | 20 | 0 | 43 | -2 | 46.7 | 0 | 2 | -1 | 0 | -1 | -8 | 30.00% | |||
Notes
(a) All factors are COVID-19 by combined infection rate and death rate
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % November 30 2021 |
|---|---|---|---|
| Greece | 0.93 | Bearish | 8.09% |
| Turkey | 0.99 | Bearish | -12.86% |
| Colombia | 1.12 | Bullish | -17.33% |
| Pakistan | 1.14 | Bearish | 38.74% |
| Austria | 1.17 | Bullish | 21.82% |
| Russia | 1.2 | Bearish | 1.79% |
| Singapore | 1.22 | Bearish | -13.82% |
| Spain | 1.24 | Bullish | 18.31% |
| Italy | 1.27 | Bearish | -6.34% |
| Hong Kong SAR | 1.3 | Bearish | 12.84% |
| Korea, South | 1.31 | Bearish | -9.25% |
| Hungary | 1.32 | Bullish | 2.29% |
| Poland | 1.33 | Bearish | 5.33% |
| Chile | 1.41 | Bearish | 24.05% |
| United Arab Emirates | 1.42 | Bearish | -0.18% |
| Czech Republic | 1.51 | Bullish | -10.01% |
| Malaysia | 1.58 | Bearish | 1.86% |
| Belgium | 1.65 | Bullish | 39.62% |
| Egypt | 1.66 | Bearish | 6.32% |
| Peru | 1.7 | Bearish | -19.17% |
| Philippines | 1.72 | Bearish | -20.85% |
| Germany | 1.72 | Bearish | -23.67% |
| United Kingdom | 1.78 | Bullish | 39.04% |
| Israel | 1.78 | Bullish | 3.96% |
| China | 1.78 | Bearish | 8.03% |
| South Africa | 1.82 | Bearish | 9.23% |
| Qatar | 1.89 | Bullish | 10.14% |
| Norway | 1.91 | Bullish | -3.12% |
| France | 1.97 | Bearish | 20.57% |
| Brazil | 1.97 | Bearish | 8.22% |
| Thailand | 2 | Bullish | 16.33% |
| Mexico | 2 | Bearish | 18.77% |
| Canada | 2.02 | Bullish | 8.34% |
| Indonesia | 2.06 | Bearish | -7.37% |
| Portugal | 2.17 | Bullish | 20.31% |
| Australia | 2.29 | Bearish | 4.10% |
| New Zealand | 2.37 | Bullish | 0.99% |
| Argentina | 2.48 | Bearish | 3.29% |
| Sweden | 2.5 | Bearish | 7.87% |
| Ireland | 2.52 | Bearish | 21.87% |
| Taiwan | 2.55 | Bullish | 1.55% |
| Finland | 2.72 | Bearish | 19.65% |
| Japan | 3.22 | Bearish | 32.97% |
| Netherlands | 3.22 | Bearish | -16.49% |
| Switzerland | 3.42 | Bullish | 12.71% |
| Vietnam | 3.45 | Bearish | 19.62% |
| India | 3.65 | Bearish | 21.20% |
| United States | 4.88 | Bullish | 22.41% |
| Denmark | 5.31 | Bearish | 19.49% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % November 30 2021 |
|---|---|---|---|
| United Arab Emirates | -5.830 | Bullish | 39.62% |
| Vietnam | -3.987 | Bearish | 19.62% |
| Greece | -0.685 | Bearish | 8.09% |
| Brazil | 0.442 | Bearish | -20.85% |
| Pakistan | 0.639 | Bearish | -12.86% |
| Turkey | 0.648 | Bullish | 18.31% |
| Chile | 0.659 | Bearish | -9.25% |
| Russia | 0.896 | Bullish | 21.82% |
| Austria | 0.975 | Bearish | 38.74% |
| Colombia | 0.987 | Bullish | -17.33% |
| Egypt | 1.033 | Bullish | 3.96% |
| Peru | 1.091 | Bearish | -23.67% |
| Hungary | 1.330 | Bearish | 24.05% |
| Poland | 1.453 | Bullish | 2.29% |
| United Kingdom | 1.471 | Bearish | 8.03% |
| New Zealand | 1.484 | Bearish | -16.49% |
| South Africa | 1.587 | Bullish | 10.14% |
| Sweden | 1.742 | Bearish | 21.87% |
| Mexico | 1.822 | Bullish | 8.34% |
| Israel | 1.936 | Bearish | 9.23% |
| Canada | 2.076 | Bullish | 20.31% |
| Belgium | 2.090 | Bearish | 1.86% |
| China | 2.131 | Bearish | -19.17% |
| Argentina | 2.143 | Bullish | 16.33% |
| Czech Republic | 2.166 | Bullish | 39.04% |
| Singapore | 2.180 | Bearish | 5.33% |
| Ireland | 2.180 | Bearish | 3.29% |
| Norway | 2.223 | Bearish | 20.57% |
| Australia | 2.290 | Bearish | 4.10% |
| Spain | 2.313 | Bearish | 1.79% |
| Korea, South | 2.326 | Bearish | -13.82% |
| Qatar | 2.408 | Bearish | 8.22% |
| Taiwan | 2.421 | Bearish | 19.65% |
| Hong Kong SAR | 2.671 | Bearish | -6.34% |
| India | 2.690 | Bearish | 21.20% |
| Germany | 2.797 | Bearish | 6.32% |
| Philippines | 2.869 | Bullish | -3.12% |
| Switzerland | 3.201 | Bullish | 12.71% |
| Indonesia | 3.247 | Bullish | 0.99% |
| Finland | 3.449 | Bearish | 7.87% |
| France | 3.677 | Bearish | 18.77% |
| United States | 4.037 | Bullish | 22.41% |
| Netherlands | 4.089 | Bearish | 32.97% |
| Japan | 4.355 | Bearish | -0.18% |
| Italy | 4.575 | Bearish | 12.84% |
| Denmark | 5.063 | Bearish | 19.49% |
| Portugal | 8.934 | Bullish | 1.55% |
| Thailand | 8.984 | Bearish | -7.37% |
| Malaysia | 228.667 | Bullish | -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 % November 30 2021 |
|---|---|---|---|---|---|---|---|
| United Arab Emirates | -5.830 | 0.00% | 0.00 | -5.830 | Bullish | May 31, 2020 | 39.62% |
| Vietnam | -3.987 | 30.00% | -1.20 | -5.183 | Bearish | Jul 04, 2021 | 19.62% |
| Greece | -0.685 | 60.00% | -0.41 | -1.096 | Bearish | Nov 21, 2021 | 8.09% |
| Brazil | 0.442 | 50.00% | 0.22 | 0.663 | Bearish | Oct 17, 2021 | -20.85% |
| Chile | 0.659 | 20.00% | 0.13 | 0.791 | Bearish | Nov 28, 2021 | -9.25% |
| Pakistan | 0.639 | 50.00% | 0.32 | 0.959 | Bearish | Nov 07, 2021 | -12.86% |
| Austria | 0.975 | 10.00% | 0.10 | 1.072 | Bearish | Nov 14, 2021 | 38.74% |
| Turkey | 0.648 | 70.00% | 0.45 | 1.102 | Bullish | Oct 17, 2021 | 18.31% |
| Russia | 0.896 | 50.00% | 0.45 | 1.343 | Bullish | Nov 28, 2021 | 21.82% |
| Colombia | 0.987 | 40.00% | 0.39 | 1.382 | Bullish | Aug 08, 2021 | -17.33% |
| New Zealand | 1.484 | -5.00% | -0.07 | 1.410 | Bearish | Feb 07, 2021 | -16.49% |
| Peru | 1.091 | 30.00% | 0.33 | 1.418 | Bearish | Nov 14, 2021 | -23.67% |
| United Kingdom | 1.471 | 0.00% | 0.00 | 1.471 | Bearish | Jun 07, 2020 | 8.03% |
| Egypt | 1.033 | 50.00% | 0.52 | 1.550 | Bullish | Jul 11, 2021 | 3.96% |
| Sweden | 1.742 | -10.00% | -0.17 | 1.568 | Bearish | Nov 21, 2021 | 21.87% |
| Hungary | 1.330 | 20.00% | 0.27 | 1.596 | Bearish | Nov 07, 2021 | 24.05% |
| Poland | 1.453 | 30.00% | 0.44 | 1.889 | Bullish | Nov 28, 2021 | 2.29% |
| Norway | 2.223 | -15.00% | -0.33 | 1.889 | Bearish | Oct 24, 2021 | 20.57% |
| Israel | 1.936 | 0.00% | 0.00 | 1.936 | Bearish | May 09, 2021 | 9.23% |
| Singapore | 2.180 | -5.00% | -0.11 | 2.071 | Bearish | May 09, 2021 | 5.33% |
| Canada | 2.076 | 0.00% | 0.00 | 2.076 | Bullish | Nov 01, 2020 | 20.31% |
| Czech Republic | 2.166 | 0.00% | 0.00 | 2.166 | Bullish | Oct 31, 2021 | 39.04% |
| Australia | 2.290 | -5.00% | -0.11 | 2.176 | Bearish | Aug 15, 2021 | 4.10% |
| Ireland | 2.180 | 0.00% | 0.00 | 2.180 | Bearish | Sep 26, 2021 | 3.29% |
| Taiwan | 2.421 | -5.00% | -0.12 | 2.300 | Bearish | Sep 26, 2021 | 19.65% |
| Korea, South | 2.326 | 0.00% | 0.00 | 2.326 | Bearish | Feb 21, 2021 | -13.82% |
| South Africa | 1.587 | 50.00% | 0.79 | 2.380 | Bullish | Nov 28, 2021 | 10.14% |
| Hong Kong SAR | 2.671 | -10.00% | -0.27 | 2.404 | Bearish | Sep 12, 2021 | -6.34% |
| Qatar | 2.408 | 0.00% | 0.00 | 2.408 | Bearish | Apr 12, 2020 | 8.22% |
| Belgium | 2.090 | 20.00% | 0.42 | 2.508 | Bearish | Feb 21, 2021 | 1.86% |
| Mexico | 1.822 | 40.00% | 0.73 | 2.551 | Bullish | Nov 28, 2021 | 8.34% |
| Switzerland | 3.201 | -15.00% | -0.48 | 2.721 | Bullish | Nov 01, 2020 | 12.71% |
| China | 2.131 | 30.00% | 0.64 | 2.770 | Bearish | Sep 12, 2021 | -19.17% |
| Spain | 2.313 | 30.00% | 0.69 | 3.007 | Bearish | Nov 21, 2021 | 1.79% |
| Germany | 2.797 | 10.00% | 0.28 | 3.077 | Bearish | Nov 21, 2021 | 6.32% |
| Finland | 3.449 | -10.00% | -0.34 | 3.105 | Bearish | Sep 12, 2021 | 7.87% |
| Argentina | 2.143 | 70.00% | 1.50 | 3.643 | Bullish | Nov 28, 2021 | 16.33% |
| India | 2.690 | 40.00% | 1.08 | 3.766 | Bearish | Nov 21, 2021 | 21.20% |
| Netherlands | 4.089 | -5.00% | -0.20 | 3.885 | Bearish | Nov 21, 2021 | 32.97% |
| Philippines | 2.869 | 40.00% | 1.15 | 4.017 | Bullish | Aug 15, 2021 | -3.12% |
| Indonesia | 3.247 | 30.00% | 0.97 | 4.221 | Bullish | Aug 29, 2021 | 0.99% |
| France | 3.677 | 20.00% | 0.74 | 4.413 | Bearish | Nov 21, 2021 | 18.77% |
| United States | 4.037 | 10.00% | 0.40 | 4.441 | Bullish | Nov 01, 2020 | 22.41% |
| Denmark | 5.063 | 0.00% | 0.00 | 5.063 | Bearish | Sep 26, 2021 | 19.49% |
| Japan | 4.355 | 30.00% | 1.31 | 5.661 | Bearish | Sep 26, 2021 | -0.18% |
| Italy | 4.575 | 30.00% | 1.37 | 5.948 | Bearish | Nov 21, 2021 | 12.84% |
| Portugal | 8.934 | 10.00% | 0.89 | 9.827 | Bullish | Aug 15, 2021 | 1.55% |
| Thailand | 8.984 | 20.00% | 1.80 | 10.781 | Bearish | Nov 21, 2021 | -7.37% |
| Malaysia | 228.667 | 10.00% | 22.87 | 251.533 | Bullish | Mar 22, 2020 | -10.01% |
Country Value and Growth Factors August 31, 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 % August 31 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 6.40 | 0.00 | 972.50 | 6.40 | 151.953 | 2.53 | Bullish | Jul 18, 2021 | MSCI Argentina | 42.97% |
| Australia | 5.30 | 3.61 | 26.54 | 8.91 | 2.979 | 2.42 | Bearish | Aug 15, 2021 | MSCI Australia USD | 10.63% |
| Austria | 3.50 | 1.96 | 10.27 | 5.46 | 1.881 | 1.14 | Bullish | May 02, 2021 | MSCI Austria | 33.52% |
| Belgium | 4.00 | 1.62 | 17.20 | 5.62 | 3.060 | 1.71 | Bearish | Feb 21, 2021 | MSCI Belgium | 6.66% |
| Brazil | 5.30 | 4.15 | 7.57 | 9.45 | 0.801 | 2.07 | Bullish | Aug 22, 2021 | MSCI Brazil Net USD | 1.52% |
| Canada | 6.30 | 2.60 | 17.89 | 8.90 | 2.010 | 2.23 | Bullish | Nov 01, 2020 | MSCI Canada Net USD | 20.69% |
| Chile | 6.20 | 2.29 | 18.12 | 8.49 | 2.134 | 1.49 | Bullish | Aug 08, 2021 | MSCI Chile Net USD | -1.14% |
| China | 8.10 | 1.61 | 15.47 | 9.71 | 1.593 | 1.91 | Bearish | Feb 21, 2021 | MSCI China Net USD | -12.26% |
| Colombia | 5.20 | 2.10 | 22.10 | 7.30 | 3.027 | 1.13 | Bullish | Aug 08, 2021 | MSCI Colombia | -15.02% |
| Czech Republic | 4.20 | 4.12 | 17.41 | 8.32 | 2.093 | 1.59 | Bullish | Aug 02, 2020 | MSCI Czech Republic Net USD | 29.66% |
| Denmark | 2.80 | 1.14 | 28.02 | 3.94 | 7.112 | 5.76 | Bullish | Mar 07, 2021 | MSCI Denmark | 20.32% |
| Egypt | 2.80 | 1.47 | 8.44 | 4.27 | 1.977 | 1.71 | Bullish | Jul 11, 2021 | MSCI Egypt | -1.46% |
| Finland | 2.30 | 2.41 | 39.12 | 4.71 | 8.306 | 2.91 | Bullish | Nov 01, 2020 | MSCI Finland | 8.00% |
| France | 5.80 | 2.21 | 24.75 | 8.01 | 3.090 | 2.05 | Bullish | Nov 01, 2020 | MSCI France | 18.22% |
| Germany | 3.60 | 2.24 | 14.77 | 5.84 | 2.529 | 1.86 | Bullish | Nov 01, 2020 | MSCI Germany | 12.47% |
| Greece | 3.80 | 2.66 | -57.50 | 6.46 | -8.901 | 0.88 | Bullish | Jan 31, 2021 | MSCI Greece | 15.86% |
| Hong Kong SAR | 4.30 | 2.60 | 28.71 | 6.90 | 4.161 | 1.4 | Bullish | May 31, 2020 | MSCI Hong Kong | 4.45% |
| Hungary | 4.30 | 1.13 | 9.99 | 5.43 | 1.840 | 1.44 | Bullish | Sep 27, 2020 | MSCI Hungary | 25.26% |
| India | 9.50 | 1.00 | 31.04 | 10.50 | 2.956 | 3.86 | Bullish | Jan 31, 2021 | MSCI India Net USD | 25.24% |
| Indonesia | 3.90 | 2.56 | 19.62 | 6.46 | 3.037 | 2.26 | Bullish | Aug 29, 2021 | MSCI Indonesia USD | -7.22% |
| Ireland | 4.20 | 1.15 | 34.08 | 5.35 | 6.370 | 2.81 | Bullish | Feb 28, 2021 | MSCI Ireland | 15.62% |
| Israel | 5.00 | 0.61 | 18.35 | 5.61 | 3.271 | 1.9 | Bearish | May 09, 2021 | MSCI Israel | 10.08% |
| Italy | 4.90 | 2.56 | 17.34 | 7.46 | 2.324 | 1.36 | Bullish | Nov 01, 2020 | MSCI Italy | 14.09% |
| Japan | 2.80 | 1.11 | 29.03 | 3.91 | 7.425 | 3.08 | Bullish | Aug 29, 2021 | MSCI Japan USD | 3.07% |
| Korea, South | 4.30 | 1.56 | 17.06 | 5.86 | 2.911 | 1.41 | Bearish | Feb 21, 2021 | MSCI Korea USD | -1.06% |
| Malaysia | 4.70 | 3.47 | 15.53 | 8.17 | 1.901 | 1.64 | Bullish | Mar 22, 2020 | MSCI Malaysia USD | -4.38% |
| Mexico | 6.30 | 2.22 | 14.87 | 8.52 | 1.745 | 2.22 | Bullish | Jun 20, 2021 | MSCI Mexico USD | 22.80% |
| Netherlands | 3.30 | 1.14 | 28.84 | 4.44 | 6.495 | 3.27 | Bullish | Mar 21, 2021 | MSCI Netherlands | 37.00% |
| New Zealand | 4.00 | 2.28 | 31.43 | 6.28 | 5.005 | 2.47 | Bearish | Feb 07, 2021 | MSCI New Zealand | -19.83% |
| Norway | 3.90 | 2.99 | 24.89 | 6.89 | 3.612 | 2.02 | Bullish | Nov 08, 2020 | MSCI Norway | 18.80% |
| Pakistan | 3.90 | 5.19 | 7.60 | 9.09 | 0.836 | 1.13 | Bullish | Jun 28, 2020 | MSCI Pakistan Net USD | -3.85% |
| Peru | 8.50 | 1.62 | 18.45 | 10.12 | 1.823 | 1.73 | Bearish | Jun 06, 2021 | MSCI Peru | -25.68% |
| Philippines | 5.40 | 1.28 | 26.95 | 6.68 | 4.034 | 1.85 | Bearish | Aug 01, 2021 | MSCI Philippines | -3.79% |
| Poland | 4.60 | 2.54 | 20.50 | 7.14 | 2.871 | 1.45 | Bullish | May 23, 2021 | MSCI Poland USD | 17.30% |
| Portugal | 3.90 | 2.82 | 89.55 | 6.72 | 13.326 | 2.33 | Bullish | Aug 15, 2021 | MSCI Portugal | -0.70% |
| Qatar | 2.40 | 2.83 | 15.83 | 5.23 | 3.027 | 2 | Bearish | Apr 12, 2020 | MSCI Qatar | 5.74% |
| Russia | 4.40 | 4.63 | 10.11 | 9.03 | 1.120 | 1.16 | Bullish | Mar 07, 2021 | MSCI Russia USD | 23.25% |
| Singapore | 5.20 | 3.26 | 20.62 | 8.46 | 2.437 | 1.24 | Bearish | May 09, 2021 | MSCI Singapore | 7.76% |
| South Africa | 4.00 | 2.89 | 12.70 | 6.89 | 1.843 | 1.96 | Bullish | Aug 22, 2021 | MSCI South Africa USD | 9.39% |
| Spain | 6.20 | 21.78 | 18.29 | 27.98 | 0.654 | 1.31 | Bullish | Nov 01, 2020 | MSCI Spain | 8.44% |
| Sweden | 3.10 | 1.72 | 12.16 | 4.82 | 2.523 | 2.68 | Bullish | Nov 01, 2020 | MSCI Sweden | 24.70% |
| Switzerland | 3.50 | 2.41 | 22.18 | 5.91 | 3.753 | 3.62 | Bullish | Nov 01, 2020 | MSCI Switzerland | 16.07% |
| Taiwan | 5.46 | 2.58 | 17.26 | 8.04 | 2.147 | 2.84 | Bullish | Aug 22, 2021 | MSCI Taiwan USD | 21.35% |
| Thailand | 2.10 | 2.43 | 23.53 | 4.53 | 5.194 | 2.12 | Bullish | Oct 04, 2020 | MSCI Thailand USD | 3.01% |
| Turkey | 5.80 | 3.64 | 6.85 | 9.44 | 0.726 | 1.12 | Bullish | Jul 25, 2021 | MSCI Turkey | -1.31% |
| United Arab Emirates | 3.10 | 3.67 | 15.57 | 6.77 | 2.300 | 1.53 | Bullish | May 31, 2020 | MSCI UAE Gross USD | 25.22% |
| United Kingdom | 7.00 | 3.68 | 23.02 | 10.68 | 2.155 | 1.86 | Bearish | Jun 07, 2020 | MSCI UK | 8.46% |
| United States | 7.00 | 1.29 | 26.38 | 8.29 | 3.182 | 4.92 | Bullish | Nov 01, 2020 | MSCI USA USD | 21.72% |
| Vietnam | 6.50 | 0.95 | 25.71 | 7.45 | 3.451 | 3.77 | Bearish | Jul 04, 2021 | MSCI Vietnam | 12.93% |
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 38 | -3 | 51.8 | -5 | 10.2 | -1 | 1 | 0 | -1 | -2 | 25 | 0 | |
| Australia | 0.1 | 1 | 3.8 | -1 | 4.6 | 0 | 2.5 | 0 | 1 | 30 | -1 | ||
| Austria | 0 | 1 | 2.9 | -1 | 6.9 | 0 | 2.5 | 0 | 25 | 0 | |||
| Belgium | 0 | 1 | 2.73 | -1 | 5.9 | 0 | -0.2 | 0 | 25 | 0 | |||
| Brazil | 5.25 | -1 | 9.68 | -3 | 14.1 | -2 | -0.72 | 0 | -1 | -2 | 34 | -2 | |
| Canada | 0.25 | 1 | 3.7 | -1 | 7.5 | 0 | -1.9 | 0 | 1 | 26.5 | -1 | ||
| Chile | 1.5 | 0 | 4.8 | -2 | 8.9 | -1 | 1.4 | 0 | -1 | 27 | -1 | ||
| China | 3.85 | 0 | 0.8 | 0 | 5.1 | 0 | 1.9 | 0 | -1 | -1 | -2 | 25 | 0 |
| Colombia | 1.75 | 0 | 4.44 | -2 | 14.3 | -2 | -3.4 | -1 | -1 | 31 | -2 | ||
| Czech Republic | 0.75 | 1 | 3.4 | -1 | 3.6 | 0 | 3.6 | 0 | -1 | 19 | 0 | ||
| Denmark | -0.5 | -1 | 1.6 | 0 | 3.8 | 0 | 7.8 | 1 | 2 | 22 | 0 | ||
| Egypt | 8.25 | -1 | 5.7 | -2 | 7.3 | 0 | -3.1 | -1 | -3 | 22.5 | 0 | ||
| Finland | 0 | 1 | 1.9 | 0 | 7.1 | 0 | 0.3 | 0 | 1 | 20 | 0 | ||
| France | 0 | 1 | 1.9 | 0 | 8 | -1 | -1.9 | 0 | 26.5 | -1 | |||
| Germany | 0 | 1 | 3.9 | -1 | 3.6 | 0 | 7 | 1 | -1 | 1 | 30 | -1 | |
| Greece | 0 | 1 | 1.4 | 0 | 15 | -2 | -6.7 | -1 | -1 | -1 | 24 | 0 | |
| Hong Kong | 0.86 | 1 | 3.7 | -1 | 5 | 0 | 6.6 | 1 | 1 | 16.5 | 0 | ||
| Hungary | 1.5 | 0 | 4.9 | -2 | 3.9 | 0 | 0 | 0 | -1 | -1 | 9 | 2 | |
| India | 4 | 0 | 5.59 | -2 | 7 | 0 | 0.9 | 0 | -2 | 25.17 | -1 | ||
| Indonesia | 3.5 | 0 | 1.59 | 0 | 6.26 | 0 | -0.44 | 0 | -3 | 22 | 0 | ||
| Ireland | 0 | 1 | 2.8 | -1 | 6.4 | 0 | 4.6 | 1 | 12.5 | 1 | |||
| Israel | 0.1 | 1 | 1.9 | 0 | 5 | 0 | 4.9 | 1 | 23 | 0 | |||
| Italy | 0 | 1 | 2.1 | -1 | 9.3 | -1 | 3.6 | 0 | -1 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | -0.3 | -2 | 2.8 | 0 | 3.2 | 0 | -1 | 30.62 | -2 | ||
| Korea, South | 0.75 | 1 | 2.6 | -1 | 3.3 | 0 | 3.5 | 0 | -1 | 25 | 0 | ||
| Malaysia | 1.75 | 0 | 2.2 | -1 | 4.8 | 0 | 1 | 0 | -1 | -1 | 24 | 0 | |
| Mexico | 4.5 | 0 | 5.59 | -2 | 4.4 | 0 | 2.4 | 0 | -1 | -3 | 30 | -1 | |
| Netherlands | 0 | 1 | 2.4 | -1 | 3.1 | 0 | 7.8 | 1 | 1 | 25 | 0 | ||
| New Zealand | 0.25 | 1 | 3.3 | -1 | 4 | 0 | -2.7 | -1 | 2 | 28 | -1 | ||
| Norway | 0 | 1 | 3.4 | -1 | 5.1 | 0 | 2 | 0 | 1 | 22 | 0 | ||
| Pakistan | 7 | -1 | 8.4 | -3 | 4.4 | 0 | -0.6 | 0 | -3 | 29 | -1 | ||
| Peru | 1 | 1 | 4.95 | -2 | 9.4 | -1 | 0.7 | 0 | -1 | 29.5 | -1 | ||
| Philippines | 2 | 0 | 4.9 | -2 | 6.9 | 0 | 3.6 | 0 | -1 | -3 | 30 | -1 | |
| Poland | 0.1 | 1 | 5.4 | -2 | 5.8 | 0 | 3.6 | 0 | -1 | -1 | 19 | 0 | |
| Portugal | 0 | 1 | 1.5 | 0 | 6.7 | 0 | -1.2 | 0 | 21 | 0 | |||
| Qatar | 2.5 | 0 | 3.13 | -1 | 0.1 | -1 | -2.5 | -1 | 10 | 1 | |||
| Russia | 6.75 | -1 | 6.68 | -2 | 4.5 | 0 | 2.4 | 0 | -1 | -3 | 20 | 0 | |
| Singapore | 0.27 | 1 | 2.5 | -1 | 2.7 | 0 | 17.6 | 2 | 1 | 17 | 0 | ||
| South Africa | 3.5 | 0 | 4.6 | -2 | 34.4 | -4 | 2.2 | 0 | -1 | -1 | 28 | -1 | |
| Spain | 0 | 1 | 3.3 | -1 | 15.26 | -2 | 0.7 | 0 | 25 | 0 | |||
| Sweden | 0 | 1 | 1.4 | 0 | 8 | -1 | 5.2 | 1 | 1 | 20.6 | 0 | ||
| Switzerland | -0.75 | -1 | 0.9 | 0 | 2.7 | 0 | 3.8 | 0 | 1 | 14.93 | 1 | ||
| Taiwan | 1.13 | 0 | 2.36 | -1 | 4.36 | 0 | 9.5 | 2 | 20 | 0 | |||
| Thailand | 0.5 | 1 | -0.02 | -2 | 1.9 | 0 | 4.2 | 1 | -1 | -3 | 20 | 0 | |
| Turkey | 19 | -2 | 19.25 | -4 | 12 | -2 | -5.1 | -1 | -1 | -2 | 25 | 0 | |
| United Arab Emirates | 1.5 | 0 | -0.4 | -2 | 5 | 0 | 5.9 | 1 | 0 | -1 | |||
| United Kingdom | 0.1 | 1 | 2 | 0 | 4.7 | 0 | -3.5 | -1 | 1 | 19 | 0 | ||
| United States | 0.25 | 1 | 5.4 | -2 | 5.8 | 0 | -3.1 | -1 | -1 | 21 | 0 | ||
| Vietnam | 4 | 0 | 2.82 | -1 | 2.62 | 0 | 5 | 1 | -3 | 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 | 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 | 102 | -2 | 2 | -1 | -1 | 0 | -1 | -19 | 70.00% | ||
| Australia | 100 | 2 | 24.8 | 1 | 1 | -1 | -1 | 0 | 0 | 0 | 2 | -5.00% | |
| Austria | 96 | 1 | 83.9 | -1 | 1 | -2 | 0 | 0 | -1 | -2 | 0.00% | ||
| Belgium | 86 | 0 | 114 | -2 | 1 | -2 | 0 | -1 | -1 | -5 | 20.00% | ||
| Brazil | 42 | -2 | 75.79 | 0 | 2 | -1 | -1 | 0 | -1 | -14 | 50.00% | ||
| Canada | 100 | 2 | 118 | -2 | 2 | 1 | -1 | -1 | 0 | 0 | -1 | 0 | 0.00% |
| Chile | 76 | -1 | 33 | 0 | 2 | -1 | -1 | 0 | 0 | -6 | 20.00% | ||
| China | 80 | -1 | 66.8 | 0 | 2 | -1 | -2 | -1 | -1 | 0 | -8 | 30.00% | |
| Colombia | 56 | -1 | 62.8 | 0 | 2 | -1 | -1 | 0 | -9 | 30.00% | |||
| Czech Republic | 83 | 0 | 38.1 | 0 | 1 | 0 | 0 | 0 | 0 | 0.00% | |||
| Denmark | 100 | 2 | 42.2 | 0 | 1 | -2 | 0 | -1 | 0 | 2 | -5.00% | ||
| Egypt | 30 | -3 | 90.2 | -1 | 2 | -1 | -1 | -11 | 40.00% | ||||
| Finland | 96 | 1 | 69.2 | 0 | 1 | -2 | 0 | 0 | 0 | 2 | -5.00% | ||
| France | 92 | 0 | 116 | -2 | 2 | -2 | 0 | -1 | -1 | -5 | 20.00% | ||
| Germany | 100 | 2 | 69.8 | 0 | 1 | -2 | 0 | -1 | -1 | -1 | 0.00% | ||
| Greece | 38 | -3 | 206 | -4 | 2 | 1 | -2 | -1 | -1 | -1 | -13 | 50.00% | |
| Hong Kong | 90 | 0 | 38.4 | 0 | 1 | -1 | 0 | -1 | 1 | -5.00% | |||
| Hungary | 58 | -1 | 80.4 | -1 | 2 | 0 | 0 | 0 | -2 | 0.00% | |||
| India | 56 | -1 | 69.62 | 0 | 2 | -2 | -1 | -1 | -1 | -1 | -10 | 40.00% | |
| Indonesia | 60 | -1 | 38.5 | 0 | 2 | -2 | -1 | -1 | -1 | -1 | -8 | 30.00% | |
| Ireland | 78 | -1 | 59.5 | 0 | 1 | 0 | -1 | -1 | 0 | 0.00% | |||
| Israel | 81 | 0 | 71.1 | 0 | 1 | -1 | -1 | -1 | -3 | -3 | 10.00% | ||
| Italy | 61 | -1 | 156 | -3 | 1 | -2 | 0 | -1 | 0 | -9 | 30.00% | ||
| Japan | 77 | -1 | 266 | -4 | 2 | -1 | -1 | -1 | -1 | -13 | 50.00% | ||
| Korea, South | 86 | 0 | 42.6 | 0 | 2 | -1 | -1 | -1 | 0 | 0 | -2 | 0.00% | |
| Malaysia | 70 | -1 | 60.7 | 0 | 1 | -1 | -1 | -3 | -8 | 30.00% | |||
| Mexico | 60 | -1 | 52.1 | 0 | 2 | -1 | -1 | 0 | 0 | -1 | -9 | 30.00% | |
| Netherlands | 98 | 1 | 54.5 | 0 | 1 | 1 | -2 | 0 | 0 | -1 | 2 | -5.00% | |
| New Zealand | 93 | 0 | 27 | 0 | 1 | -1 | 0 | 0 | 0 | 0.00% | |||
| Norway | 100 | 2 | 46 | 0 | 1 | 0 | 0 | -1 | 3 | -10.00% | |||
| Pakistan | 25 | -3 | 87 | -1 | 1 | -1 | -1 | 0 | -13 | 50.00% | |||
| Peru | 65 | -1 | 35.4 | 0 | 1 | -1 | 0 | -1 | 0 | -6 | 20.00% | ||
| Philippines | 61 | -1 | 53.5 | 0 | 2 | -1 | -1 | -1 | -9 | 30.00% | |||
| Poland | 71 | -1 | 57.5 | 0 | 2 | 0 | 0 | -2 | 0.00% | ||||
| Portugal | 71 | -1 | 134 | -2 | 1 | -2 | 0 | 0 | -1 | -4 | 10.00% | ||
| Qatar | 85 | 0 | 71.8 | 0 | 2 | 0 | 0 | 0 | 0 | 0.00% | |||
| Russia | 55 | -1 | 17.8 | 1 | 2 | -1 | -1 | -3 | -1 | -1 | -12 | 40.00% | |
| Singapore | 100 | 2 | 131 | -2 | 2 | 1 | -1 | -1 | -1 | 3 | -10.00% | ||
| South Africa | 45 | -2 | 83 | -1 | 2 | 0 | 0 | -1 | -11 | 40.00% | |||
| Spain | 71 | -1 | 120 | -2 | 1 | -2 | -1 | -1 | 0 | -8 | 30.00% | ||
| Sweden | 100 | 2 | 39.9 | 0 | 1 | 0 | 0 | -1 | 4 | -10.00% | |||
| Switzerland | 100 | 2 | 42.9 | 0 | 2 | 0 | 0 | -1 | 4 | -10.00% | |||
| Taiwan | 86 | 0 | 28.2 | 0 | 2 | -1 | 0 | 2 | -5.00% | ||||
| Thailand | 65 | -1 | 50.5 | 0 | 2 | -1 | -1 | -2 | -7 | 30.00% | |||
| Turkey | 35 | -3 | 39.5 | 0 | 2 | -1 | -1 | -2 | -1 | -2 | -20 | 70.00% | |
| United Arab Emirates | 90 | 0 | 36.9 | 0 | 2 | 0 | 0 | 0 | 0 | 0.00% | |||
| United Kingdom | 90 | 0 | 97.2 | -1 | 2 | -2 | -1 | -1 | -2 | -4 | 10.00% | ||
| United States | 98 | 1 | 108 | -2 | 1 | -2 | 0 | -1 | -2 | -8 | 30.00% | ||
| Vietnam | 43 | -2 | 46.7 | 0 | 2 | -1 | 0 | -2 | -6 | 20.00% | |||
Notes
(a) All factors are COVID-19 by combined infection rate and death rate
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % August 31 2021 |
|---|---|---|---|
| Greece | 0.88 | Bullish | 15.86% |
| Turkey | 1.12 | Bullish | -1.31% |
| Colombia | 1.13 | Bullish | -15.02% |
| Pakistan | 1.13 | Bullish | -3.85% |
| Austria | 1.14 | Bullish | 33.52% |
| Russia | 1.16 | Bullish | 23.25% |
| Singapore | 1.24 | Bearish | 7.76% |
| Spain | 1.31 | Bullish | 8.44% |
| Italy | 1.36 | Bullish | 14.09% |
| Hong Kong SAR | 1.4 | Bullish | 4.45% |
| Korea, South | 1.41 | Bearish | -1.06% |
| Hungary | 1.44 | Bullish | 25.26% |
| Poland | 1.45 | Bullish | 17.30% |
| Chile | 1.49 | Bullish | -1.14% |
| United Arab Emirates | 1.53 | Bullish | 25.22% |
| Czech Republic | 1.59 | Bullish | 29.66% |
| Malaysia | 1.64 | Bullish | -4.38% |
| Belgium | 1.71 | Bearish | 6.66% |
| Egypt | 1.71 | Bullish | -1.46% |
| Peru | 1.73 | Bearish | -25.68% |
| Philippines | 1.85 | Bearish | -3.79% |
| Germany | 1.86 | Bullish | 12.47% |
| United Kingdom | 1.86 | Bearish | 8.46% |
| Israel | 1.9 | Bearish | 10.08% |
| China | 1.91 | Bearish | -12.26% |
| South Africa | 1.96 | Bullish | 9.39% |
| Qatar | 2 | Bearish | 5.74% |
| Norway | 2.02 | Bullish | 18.80% |
| France | 2.05 | Bullish | 18.22% |
| Brazil | 2.07 | Bullish | 1.52% |
| Thailand | 2.12 | Bullish | 3.01% |
| Mexico | 2.22 | Bullish | 22.80% |
| Canada | 2.23 | Bullish | 20.69% |
| Indonesia | 2.26 | Bullish | -7.22% |
| Portugal | 2.33 | Bullish | -0.70% |
| Australia | 2.42 | Bearish | 10.63% |
| New Zealand | 2.47 | Bearish | -19.83% |
| Argentina | 2.53 | Bullish | 42.97% |
| Sweden | 2.68 | Bullish | 24.70% |
| Ireland | 2.81 | Bullish | 15.62% |
| Taiwan | 2.84 | Bullish | 21.35% |
| Finland | 2.91 | Bullish | 8.00% |
| Japan | 3.08 | Bullish | 3.07% |
| Netherlands | 3.27 | Bullish | 37.00% |
| Switzerland | 3.62 | Bullish | 16.07% |
| Vietnam | 3.77 | Bearish | 12.93% |
| India | 3.86 | Bullish | 25.24% |
| United States | 4.92 | Bullish | 21.72% |
| Denmark | 5.76 | Bullish | 20.32% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % August 31 2021 |
|---|---|---|---|
| Greece | -8.901 | Bullish | 15.86% |
| Spain | 0.654 | Bullish | 8.44% |
| Turkey | 0.726 | Bullish | -1.31% |
| Brazil | 0.801 | Bullish | 1.52% |
| Pakistan | 0.836 | Bullish | -3.85% |
| Russia | 1.120 | Bullish | 23.25% |
| China | 1.593 | Bearish | -12.26% |
| Mexico | 1.745 | Bullish | 22.80% |
| Peru | 1.823 | Bearish | -25.68% |
| Hungary | 1.840 | Bullish | 25.26% |
| South Africa | 1.843 | Bullish | 9.39% |
| Austria | 1.881 | Bullish | 33.52% |
| Malaysia | 1.901 | Bullish | -4.38% |
| Egypt | 1.977 | Bullish | -1.46% |
| Canada | 2.010 | Bullish | 20.69% |
| Czech Republic | 2.093 | Bullish | 29.66% |
| Chile | 2.134 | Bullish | -1.14% |
| Taiwan | 2.147 | Bullish | 21.35% |
| United Kingdom | 2.155 | Bearish | 8.46% |
| United Arab Emirates | 2.300 | Bullish | 25.22% |
| Italy | 2.324 | Bullish | 14.09% |
| Singapore | 2.437 | Bearish | 7.76% |
| Sweden | 2.523 | Bullish | 24.70% |
| Germany | 2.529 | Bullish | 12.47% |
| Poland | 2.871 | Bullish | 17.30% |
| Korea, South | 2.911 | Bearish | -1.06% |
| India | 2.956 | Bullish | 25.24% |
| Australia | 2.979 | Bearish | 10.63% |
| Qatar | 3.027 | Bearish | 5.74% |
| Colombia | 3.027 | Bullish | -15.02% |
| Indonesia | 3.037 | Bullish | -7.22% |
| Belgium | 3.060 | Bearish | 6.66% |
| France | 3.090 | Bullish | 18.22% |
| United States | 3.182 | Bullish | 21.72% |
| Israel | 3.271 | Bearish | 10.08% |
| Vietnam | 3.451 | Bearish | 12.93% |
| Norway | 3.612 | Bullish | 18.80% |
| Switzerland | 3.753 | Bullish | 16.07% |
| Philippines | 4.034 | Bearish | -3.79% |
| Hong Kong SAR | 4.161 | Bullish | 4.45% |
| New Zealand | 5.005 | Bearish | -19.83% |
| Thailand | 5.194 | Bullish | 3.01% |
| Ireland | 6.370 | Bullish | 15.62% |
| Netherlands | 6.495 | Bullish | 37.00% |
| Denmark | 7.112 | Bullish | 20.32% |
| Japan | 7.425 | Bullish | 3.07% |
| Finland | 8.306 | Bullish | 8.00% |
| Portugal | 13.326 | Bullish | -0.70% |
| Argentina | 151.953 | Bullish | 42.97% |
| 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 % August 31 2021 |
|---|---|---|---|---|---|---|---|
| Greece | -8.901 | 50.00% | -4.45 | -13.351 | Bullish | Jan 31, 2021 | 15.86% |
| Spain | 0.654 | 30.00% | 0.20 | 0.850 | Bullish | Nov 01, 2020 | 8.44% |
| Brazil | 0.801 | 50.00% | 0.40 | 1.202 | Bullish | Aug 22, 2021 | 1.52% |
| Turkey | 0.726 | 70.00% | 0.51 | 1.234 | Bullish | Jul 25, 2021 | -1.31% |
| Pakistan | 0.836 | 50.00% | 0.42 | 1.254 | Bullish | Jun 28, 2020 | -3.85% |
| Russia | 1.120 | 40.00% | 0.45 | 1.567 | Bullish | Mar 07, 2021 | 23.25% |
| Hungary | 1.840 | 0.00% | 0.00 | 1.840 | Bullish | Sep 27, 2020 | 25.26% |
| Austria | 1.881 | 0.00% | 0.00 | 1.881 | Bullish | May 02, 2021 | 33.52% |
| Canada | 2.010 | 0.00% | 0.00 | 2.010 | Bullish | Nov 01, 2020 | 20.69% |
| Taiwan | 2.147 | -5.00% | -0.11 | 2.039 | Bullish | Aug 22, 2021 | 21.35% |
| China | 1.593 | 30.00% | 0.48 | 2.071 | Bearish | Feb 21, 2021 | -12.26% |
| Czech Republic | 2.093 | 0.00% | 0.00 | 2.093 | Bullish | Aug 02, 2020 | 29.66% |
| Peru | 1.823 | 20.00% | 0.36 | 2.188 | Bearish | Jun 06, 2021 | -25.68% |
| Singapore | 2.437 | -10.00% | -0.24 | 2.194 | Bearish | May 09, 2021 | 7.76% |
| Mexico | 1.745 | 30.00% | 0.52 | 2.269 | Bullish | Jun 20, 2021 | 22.80% |
| Sweden | 2.523 | -10.00% | -0.25 | 2.271 | Bullish | Nov 01, 2020 | 24.70% |
| United Arab Emirates | 2.300 | 0.00% | 0.00 | 2.300 | Bullish | May 31, 2020 | 25.22% |
| United Kingdom | 2.155 | 10.00% | 0.22 | 2.371 | Bearish | Jun 07, 2020 | 8.46% |
| Malaysia | 1.901 | 30.00% | 0.57 | 2.471 | Bullish | Mar 22, 2020 | -4.38% |
| Germany | 2.529 | 0.00% | 0.00 | 2.529 | Bullish | Nov 01, 2020 | 12.47% |
| Chile | 2.134 | 20.00% | 0.43 | 2.561 | Bullish | Aug 08, 2021 | -1.14% |
| South Africa | 1.843 | 40.00% | 0.74 | 2.581 | Bullish | Aug 22, 2021 | 9.39% |
| Egypt | 1.977 | 40.00% | 0.79 | 2.767 | Bullish | Jul 11, 2021 | -1.46% |
| Australia | 2.979 | -5.00% | -0.15 | 2.830 | Bearish | Aug 15, 2021 | 10.63% |
| Poland | 2.871 | 0.00% | 0.00 | 2.871 | Bullish | May 23, 2021 | 17.30% |
| Korea, South | 2.911 | 0.00% | 0.00 | 2.911 | Bearish | Feb 21, 2021 | -1.06% |
| Italy | 2.324 | 30.00% | 0.70 | 3.022 | Bullish | Nov 01, 2020 | 14.09% |
| Qatar | 3.027 | 0.00% | 0.00 | 3.027 | Bearish | Apr 12, 2020 | 5.74% |
| Norway | 3.612 | -10.00% | -0.36 | 3.251 | Bullish | Nov 08, 2020 | 18.80% |
| Switzerland | 3.753 | -10.00% | -0.38 | 3.378 | Bullish | Nov 01, 2020 | 16.07% |
| Israel | 3.271 | 10.00% | 0.33 | 3.598 | Bearish | May 09, 2021 | 10.08% |
| Belgium | 3.060 | 20.00% | 0.61 | 3.673 | Bearish | Feb 21, 2021 | 6.66% |
| France | 3.090 | 20.00% | 0.62 | 3.708 | Bullish | Nov 01, 2020 | 18.22% |
| Colombia | 3.027 | 30.00% | 0.91 | 3.936 | Bullish | Aug 08, 2021 | -15.02% |
| Indonesia | 3.037 | 30.00% | 0.91 | 3.948 | Bullish | Aug 29, 2021 | -7.22% |
| Hong Kong | 4.161 | -5.00% | -0.21 | 3.953 | Bullish | May 31, 2020 | 4.45% |
| United States | 3.182 | 30.00% | 0.95 | 4.137 | Bullish | Nov 01, 2020 | 21.72% |
| India | 2.956 | 40.00% | 1.18 | 4.139 | Bullish | Jan 31, 2021 | 25.24% |
| Vietnam | 3.451 | 20.00% | 0.69 | 4.141 | Bearish | Jul 04, 2021 | 12.93% |
| New Zealand | 5.005 | 0.00% | 0.00 | 5.005 | Bearish | Feb 07, 2021 | -19.83% |
| Philippines | 4.034 | 30.00% | 1.21 | 5.245 | Bearish | Aug 01, 2021 | -3.79% |
| Netherlands | 6.495 | -5.00% | -0.32 | 6.171 | Bullish | Mar 21, 2021 | 37.00% |
| Ireland | 6.370 | 0.00% | 0.00 | 6.370 | Bullish | Feb 28, 2021 | 15.62% |
| Thailand | 5.194 | 30.00% | 1.56 | 6.753 | Bullish | Oct 04, 2020 | 3.01% |
| Denmark | 7.112 | -5.00% | -0.36 | 6.756 | Bullish | Mar 07, 2021 | 20.32% |
| Finland | 8.306 | -5.00% | -0.42 | 7.890 | Bullish | Nov 01, 2020 | 8.00% |
| Japan | 7.425 | 50.00% | 3.71 | 11.137 | Bullish | Aug 29, 2021 | 3.07% |
| Portugal | 13.326 | 10.00% | 1.33 | 14.658 | Bullish | Aug 15, 2021 | -0.70% |
| Argentina | 151.953 | 70.00% | 106.37 | 258.320 | Bullish | Jul 18, 2021 | 42.97% |
Country Value and Growth Factors May 28, 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 % May 28 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 5.80 | 0.00 | -35.15 | 5.80 | -6.060 | 1.86 | Bullish | Mar 07, 202 | MSCI Argentina | 3.08% |
| Australia | 4.50 | 2.92 | 30.46 | 7.42 | 4.105 | 2.38 | Bullish | Nov 01, 2020 | MSCI Australia USD | 11.91% |
| Austria | 3.48 | 1.90 | 15.26 | 5.38 | 2.837 | 1.12 | Bullish | Jan 31, 2021 | MSCI Austria | 27.79% |
| Belgium | 4.04 | 1.62 | 28.72 | 5.66 | 5.072 | 1.77 | Bearish | Feb 21, 2021 | MSCI Belgium | 7.51% |
| Brazil | 3.70 | 3.03 | 11.95 | 6.73 | 1.776 | 2.33 | Bullish | May 02, 2021 | MSCI Brazil Net USD | 4.87% |
| Canada | 5.00 | 2.66 | 20.56 | 7.66 | 2.684 | 2.18 | Bullish | Nov 01, 2020 | MSCI Canada Net USD | 21.56% |
| Chile | 6.20 | 2.23 | 21.31 | 8.43 | 2.528 | 1.47 | Bearish | May 16, 2021 | MSCI Chile Net USD | -0.90% |
| China | 8.40 | 1.36 | 18.65 | 9.76 | 1.911 | 2.25 | Bearish | Feb 21, 2021 | MSCI China Net USD | 0.28% |
| Colombia | 5.10 | 2.71 | 28.64 | 7.81 | 3.667 | 1.03 | Bullish | May 28, 2021 | MSCI Colombia | -23.02% |
| Czech Republic | 4.20 | 6.63 | 13.83 | 10.83 | 1.277 | 1.52 | Bullish | Aug 02, 2020 | MSCI Czech Republic | 19.13% |
| Denmark | 2.80 | 1.30 | 27.81 | 4.10 | 6.783 | 5.23 | Bullish | Mar 07, 2021 | MSCI Denmark | 5.98% |
| Egypt | 2.50 | 1.60 | 8.20 | 4.10 | 2.000 | 1.67 | Bearish | May 16, 2021 | MSCI Egypt | -9.53% |
| Finland | 2.28 | 2.66 | 43.78 | 4.94 | 8.870 | 2.68 | Bullish | Nov 01, 2020 | MSCI Finland | 8.00% |
| France | 5.81 | 2.04 | 44.90 | 7.85 | 5.718 | 2 | Bullish | Nov 01, 2020 | MSCI France | 14.67% |
| Germany | 3.60 | 2.34 | 18.75 | 5.94 | 3.156 | 1.78 | Bullish | Nov 01, 2020 | MSCI Germany | 9.83% |
| Greece | 3.76 | 2.91 | -55.75 | 6.67 | -8.361 | 1.59 | Bullish | Jan 31, 2021 | MSCI Greece | 12.62% |
| Hong Kong SAR | 4.30 | 2.38 | 34.79 | 6.68 | 5.208 | 1.48 | Bullish | May 31, 2020 | MSCI Hong Kong | 12.77% |
| Hungary | 4.30 | 0.56 | 12.67 | 4.86 | 2.607 | 1.3 | Bullish | Sep 27, 2020 | MSCI Hungary | 11.98% |
| India | 12.50 | 1.00 | 34.43 | 13.50 | 2.550 | 3.56 | Bullish | Jan 31, 2021 | MSCI India Net USD | 11.80% |
| Indonesia | 4.30 | 2.36 | 21.39 | 6.66 | 3.212 | 2.36 | Bearish | Mar 28, 2021 | MSCI Indonesia USD | -8.89% |
| Ireland | 4.23 | 1.20 | 32.16 | 5.43 | 5.918 | 2.58 | Bullish | Feb 28, 2021 | MSCI Ireland | 5.38% |
| Israel | 5.00 | 0.23 | 25.26 | 5.23 | 4.830 | 1.88 | Bearish | May 09, 2021 | MSCI Israel | 4.53% |
| Italy | 4.15 | 2.23 | 17.90 | 6.38 | 2.806 | 1.38 | Bullish | Nov 01, 2020 | MSCI Italy | 12.10% |
| Japan | 3.30 | 1.99 | 22.00 | 5.29 | 4.159 | 1.49 | Bearish | Feb 21, 2021 | MSCI Japan USD | 2.27% |
| Korea, South | 3.60 | 1.47 | 19.64 | 5.07 | 3.874 | 1.45 | Bearish | Feb 21, 2021 | MSCI Korea USD | 4.16% |
| Malaysia | 6.50 | 3.36 | 17.85 | 9.86 | 1.810 | 1.63 | Bullish | Mar 22, 2020 | MSCI Malaysia USD | -3.96% |
| Mexico | 5.00 | 2.30 | 16.82 | 7.30 | 2.304 | 2.19 | Bullish | May 02, 2021 | MSCI Mexico USD | 13.51% |
| Netherlands | 3.50 | 1.12 | 30.36 | 4.62 | 6.571 | 2.87 | Bullish | Mar 21, 2021 | MSCI Netherlands | 19.68% |
| New Zealand | 4.00 | 1.91 | 32.05 | 5.91 | 5.423 | 3.5 | Bearish | Feb 07, 2021 | MSCI New Zealand | -19.83% |
| Norway | 3.90 | 3.00 | 36.49 | 6.90 | 5.288 | 2.16 | Bullish | Nov 08, 2020 | MSCI Norway | 15.35% |
| Pakistan | 1.50 | 4.04 | 8.05 | 5.54 | 1.453 | 1.24 | Bullish | Jun 28, 2020 | MSCI Pakistan Net USD | 6.51% |
| Peru | 8.50 | 1.06 | 45.07 | 9.56 | 4.714 | 2.09 | Bullish | May 09, 2021 | MSCI Peru | -6.98% |
| Philippines | 6.90 | 1.31 | 30.62 | 8.21 | 3.730 | 1.81 | Bullish | May 23, 2021 | MSCI Philippines | -7.21% |
| Poland | 3.50 | 1.08 | 23.58 | 4.58 | 5.148 | 1.4 | Bullish | May 23, 2021 | MSCI Poland USD | 14.49% |
| Portugal | 3.90 | 2.88 | 77.13 | 6.78 | 11.376 | 2.29 | Bullish | Nov 08, 2020 | MSCI Portugal | -1.53% |
| Qatar | 2.40 | 2.77 | 15.79 | 5.17 | 3.054 | 1.97 | Bearish | Apr 12, 2020 | MSCI Qatar | 0.65% |
| Russia | 3.80 | 5.12 | 13.07 | 8.92 | 1.465 | 1.13 | Bullish | Mar 07, 2021 | MSCI Russia USD | 14.97% |
| Singapore | 5.20 | 2.83 | 24.57 | 8.03 | 3.060 | 1.3 | Bearish | May 09, 2021 | MSCI Singapore | 10.40% |
| South Africa | 3.10 | 1.88 | 17.49 | 4.98 | 3.512 | 2.1 | Bullish | Mar 28, 2021 | MSCI South Africa USD | 18.21% |
| Spain | 6.40 | 2.73 | 34.72 | 9.13 | 3.803 | 1.41 | Bullish | Nov 01, 2020 | MSCI Spain | 12.53% |
| Sweden | 3.10 | 1.78 | 12.96 | 4.88 | 2.656 | 2.55 | Bullish | Nov 01, 2020 | MSCI Sweden | 18.97% |
| Switzerland | 3.50 | 2.62 | 20.79 | 6.12 | 3.397 | 3.39 | Bullish | Nov 01, 2020 | MSCI Switzerland | 7.27% |
| Taiwan | 6.10 | 2.31 | 20.09 | 8.41 | 2.389 | 2.84 | Bearish | May 09, 2021 | MSCI Taiwan USD | 15.82% |
| Thailand | 2.60 | 2.26 | 25.82 | 4.86 | 5.313 | 2.06 | Bullish | Oct 04, 2020 | MSCI Thailand USD | 2.06% |
| Turkey | 6.00 | 3.99 | 7.44 | 9.99 | 0.745 | 1.06 | Bearish | Mar 21, 2021 | MSCI Turkey | -9.94% |
| United Arab Emirates | 3.10 | 3.86 | 15.68 | 6.96 | 2.253 | 1.49 | Bullish | May 31, 2020 | MSCI UAE | 19.20% |
| United Kingdom | 5.30 | 3.16 | 23.37 | 8.46 | 2.762 | 1.81 | Bearish | Jun 07, 2020 | MSCI UK | 7.15% |
| United States | 6.40 | 1.36 | 29.53 | 7.76 | 3.805 | 4.72 | Bullish | Nov 01, 2020 | MSCI USA USD | 12.75% |
| Vietnam | 6.50 | 1.03 | 31.59 | 7.53 | 4.195 | 3.88 | Bullish | Aug 02, 2020 | MSCI Vietnam | 11.49% |
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 38 | -3 | 46.3 | -5 | 11 | -1 | 1 | 0 | -1 | -2 | 25 | 0 | |
| Australia | 0.1 | 1 | 1.1 | 0 | 5.5 | 0 | 2.5 | 0 | 1 | 30 | -1 | ||
| Austria | 0 | 1 | 0.8 | 1.9 | 7.7 | 0 | 2.5 | 0 | 25 | 0 | |||
| Belgium | 0 | 1 | 1.46 | 0 | 5.3 | 0 | -1.2 | 0 | 25 | 0 | |||
| Brazil | 3.5 | 0 | 6.76 | -2 | 14.7 | -2 | -0.72 | 0 | -1 | -2 | 34 | -2 | |
| Canada | 0.25 | 1 | 3.4 | -1 | 8.2 | -1 | -1.9 | 0 | 1 | 26.5 | -1 | ||
| Chile | 0.5 | 1 | 3.3 | -1 | 10.2 | -1 | 1.4 | 0 | -1 | 27 | -1 | ||
| China | 3.85 | 0 | 0.9 | 0 | 5.1 | 0 | 1.9 | 0 | -1 | -1 | -2 | 25 | 0 |
| Colombia | 1.75 | 0 | 3.3 | -1 | 15.1 | -2 | -3.4 | -1 | -1 | 31 | -2 | ||
| Czech Republic | 0.25 | 1 | 3.1 | -1 | 4.1 | 0 | -0.4 | 0 | -1 | 19 | 0 | ||
| Denmark | -0.5 | -1 | 1.5 | 0 | 4.6 | 0 | 7.8 | 1 | 2 | 22 | 0 | ||
| Egypt | 8.25 | -1 | 4.1 | -2 | 7.4 | 0 | -3.1 | -1 | -3 | 22.5 | 0 | ||
| Finland | 0 | 1 | 2.1 | -1 | 9 | -1 | 0.3 | 0 | 1 | 20 | 0 | ||
| France | 0 | 1 | 1.4 | 0 | 8 | -1 | -1.9 | 0 | 26.5 | -1 | |||
| Germany | 0 | 1 | 2.5 | -1 | 4.4 | 0 | 7 | 1 | -1 | 1 | 30 | -1 | |
| Greece | 0 | 1 | -0.3 | -2 | 15.9 | -2 | -6.7 | -1 | -1 | -1 | 24 | 0 | |
| Hong Kong | 0.86 | 1 | 0.7 | 0 | 6.4 | 0 | 6.6 | 1 | 1 | 16.5 | 0 | ||
| Hungary | 0.6 | 1 | 5.1 | -2 | 4.3 | 0 | -0.8 | 0 | -1 | -1 | 9 | 2 | |
| India | 4 | 0 | 4.29 | -2 | 6.5 | 0 | -0.9 | 0 | -2 | 25.17 | -1 | ||
| Indonesia | 3.5 | 0 | 1.68 | 0 | 6.26 | 0 | -0.44 | 0 | -3 | 22 | 0 | ||
| Ireland | 0 | 1 | -0.2 | -2 | 5.8 | 0 | 4.6 | 1 | 12.5 | 1 | |||
| Israel | 0.1 | 1 | 0.8 | 0 | 5.4 | 0 | 4.9 | 1 | 23 | 0 | |||
| Italy | 0 | 1 | 1.3 | 0 | 10.7 | -1 | 3.6 | 0 | -1 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | -0.4 | -2 | 2.8 | 0 | 3.2 | 0 | -1 | 30.62 | -2 | ||
| Korea, South | 0.5 | 1 | 2.6 | -1 | 3.7 | 0 | 3.5 | 0 | -1 | 25 | 0 | ||
| Malaysia | 1.75 | 0 | 4.7 | -2 | 4.7 | 0 | 1 | 0 | -1 | -1 | 24 | 0 | |
| Mexico | 4 | 0 | 6.08 | -2 | 4.7 | 0 | 2.4 | 0 | -1 | -3 | 30 | -1 | |
| Netherlands | 0 | 1 | 1 | 0 | 3.6 | 0 | 7.8 | 1 | 1 | 25 | 0 | ||
| New Zealand | 0.25 | 1 | 1.5 | 0 | 4.7 | 0 | -2.7 | -1 | 2 | 28 | -1 | ||
| Norway | 0 | 1 | 3 | -1 | 5 | 0 | 1.9 | 0 | 1 | 22 | 0 | ||
| Pakistan | 7 | -1 | 10.87 | -3 | 4.4 | 0 | -1.1 | 0 | -3 | 29 | -1 | ||
| Peru | 0.25 | 1 | 2.45 | -1 | 15.1 | -2 | 0.7 | 0 | -1 | 29.5 | -1 | ||
| Philippines | 2 | 0 | 4.5 | -2 | 8.7 | -1 | 3.6 | 0 | -1 | -3 | 30 | -1 | |
| Poland | 0.1 | 1 | 4.8 | -2 | 6.3 | 0 | 3.6 | 0 | -1 | -1 | 19 | 0 | |
| Portugal | 0 | 1 | 1.2 | 0 | 7.1 | 0 | -1.2 | 0 | 21 | 0 | |||
| Qatar | 2.5 | 0 | 1.02 | 0 | 0.1 | -1 | -2.5 | -1 | 10 | 1 | |||
| Russia | 5 | 0 | 5.53 | -2 | 5.2 | 0 | 3.9 | 0 | -1 | -3 | 20 | 0 | |
| Singapore | 0.25 | 1 | 2.1 | -1 | 2.9 | 0 | 17.6 | 2 | 1 | 17 | 0 | ||
| South Africa | 3.5 | 0 | 4.4 | -2 | 32.5 | -4 | 2.2 | 0 | -1 | -1 | 28 | -1 | |
| Spain | 0 | 1 | 2.7 | -1 | 15.98 | -2 | 0.7 | 0 | 25 | 0 | |||
| Sweden | 0 | 1 | 2.2 | -1 | 9.4 | -1 | 5.2 | 1 | 1 | 20.6 | 0 | ||
| Switzerland | -0.75 | -1 | 0.6 | 0 | 3.1 | 0 | 3.8 | 0 | 1 | 14.93 | 1 | ||
| Taiwan | 1.13 | 0 | 2.09 | -1 | 3.71 | 0 | 9.5 | 2 | 20 | 0 | |||
| Thailand | 0.5 | 1 | 2.44 | -1 | 1.5 | 0 | 4.2 | 1 | -1 | -3 | 20 | 0 | |
| Turkey | 19 | -2 | 16.59 | -4 | 13.1 | -2 | -5.1 | -1 | -1 | -2 | 25 | 0 | |
| United Arab Emirates | 1.5 | 0 | -2.01 | -4 | 5 | 0 | 5.9 | 1 | 0 | -1 | |||
| United Kingdom | 0.1 | 1 | 1.5 | 0 | 4.8 | 0 | -3.5 | -1 | 1 | 19 | 0 | ||
| United States | 0.25 | 1 | 4.2 | -2 | 5.8 | 0 | -3.1 | -1 | -1 | 21 | 0 | ||
| Vietnam | 4 | 0 | 2.9 | -1 | 2.37 | 0 | 5 | 1 | -3 | 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 | 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 | 102 | -2 | 2 | -1 | -1 | 0 | -3 | -21 | 70.00% | ||
| Australia | 100 | 2 | 24.8 | 1 | 1 | -1 | -1 | 0 | 0 | 0 | 3 | -10.00% | |
| Austria | 96 | 1 | 83.9 | -1 | 1 | -2 | 0 | 0 | -1 | 0.9 | 0.00% | ||
| Belgium | 86 | 0 | 114 | -2 | 1 | -2 | 0 | -1 | 0 | -3 | 10.00% | ||
| Brazil | 42 | -2 | 75.79 | 0 | 2 | -1 | -1 | 0 | -3 | -14 | 50.00% | ||
| Canada | 100 | 2 | 118 | -2 | 2 | 1 | -1 | -1 | 0 | 0 | -2 | -2 | 0.00% |
| Chile | 76 | -1 | 33 | 0 | 2 | -1 | -1 | 0 | -3 | -7 | 30.00% | ||
| China | 80 | -1 | 66.8 | 0 | 2 | -2 | -1 | -1 | 0 | -1 | -8 | 30.00% | |
| Colombia | 57 | -1 | 62.8 | 0 | 2 | -1 | -1 | -3 | -11 | 40.00% | |||
| Czech Republic | 83 | 0 | 38.1 | 0 | 1 | 0 | 0 | -1 | -1 | 0.00% | |||
| Denmark | 100 | 2 | 42.2 | 0 | 1 | -2 | 0 | -1 | -1 | 1 | -5.00% | ||
| Egypt | 30 | -3 | 90.2 | -1 | 2 | -1 | -1 | -1 | -12 | 40.00% | |||
| Finland | 96 | 1 | 69.2 | 0 | 1 | -2 | 0 | 0 | 0 | 0 | 0.00% | ||
| France | 92 | 0 | 116 | -2 | 2 | 1 | -2 | 0 | -1 | -2 | -5 | 20.00% | |
| Germany | 100 | 2 | 69.8 | 0 | 1 | -2 | 0 | -1 | -1 | -1 | 0.00% | ||
| Greece | 38 | -3 | 206 | -2 | 2 | 1 | -2 | -1 | -1 | -2 | -14 | 50.00% | |
| Hong Kong | 90 | 0 | 38.4 | 0 | 1 | 0 | -1 | 0 | 3 | -10.00% | |||
| Hungary | 58 | -1 | 80.4 | -1 | 2 | 0 | 0 | -1 | -2 | 0.00% | |||
| India | 56 | -1 | 69.62 | 0 | 2 | -2 | -1 | -1 | -1 | -4 | -13 | 50.00% | |
| Indonesia | 60 | -1 | 38.5 | 0 | 2 | -2 | -1 | -1 | -1 | -3 | -10 | 40.00% | |
| Ireland | 78 | -1 | 58.8 | 0 | 1 | 0 | -1 | 0 | 0 | 0.00% | |||
| Israel | 81 | 0 | 71.7 | 0 | 1 | -1 | -1 | -1 | 0 | 0 | 0.00% | ||
| Italy | 61 | -1 | 156 | -2 | 1 | -2 | 0 | -1 | -2 | -9 | 30.00% | ||
| Japan | 77 | -1 | 266 | -2 | 2 | -1 | -1 | -1 | -2 | -12 | 40.00% | ||
| Korea, South | 86 | 0 | 42.6 | 0 | 2 | -1 | -1 | -1 | 0 | -1 | -3 | 10.00% | |
| Malaysia | 70 | -1 | 52.7 | 0 | 1 | -1 | -1 | -3 | -9 | 30.00% | |||
| Mexico | 60 | -1 | 45.5 | 0 | 2 | -1 | -1 | 0 | 0 | -2 | -10 | 40.00% | |
| Netherlands | 100 | 2 | 54.5 | 0 | 1 | 1 | -2 | 0 | 0 | -1 | 4 | -10.00% | |
| New Zealand | 93 | 0 | 27 | 0 | 1 | -1 | 0 | 0 | 0 | 1 | -5.00% | ||
| Norway | 99 | 1 | 40.6 | 0 | 1 | 0 | 0 | 0 | 3 | -10.00% | |||
| Pakistan | 25 | -3 | 87 | -1 | 1 | -1 | -1 | -2 | -15 | 50.00% | |||
| Peru | 65 | -1 | 35.4 | 0 | 1 | 0 | -1 | -3 | -8 | 30.00% | |||
| Philippines | 61 | -1 | 41.5 | 0 | 2 | -1 | -1 | -3 | -12 | 40.00% | |||
| Poland | 71 | -1 | 57.5 | 0 | 2 | 0 | 0 | -1 | -3 | 10.00% | |||
| Portugal | 71 | -1 | 134 | -2 | 1 | -2 | 0 | 0 | -1 | -4 | 10.00% | ||
| Qatar | 85 | 0 | 71.8 | 0 | 2 | 0 | 0 | -1 | 0 | 0.00% | |||
| Russia | 55 | -1 | 14.6 | 1 | 2 | -1 | -1 | -2 | -1 | -2 | -11 | 40.00% | |
| Singapore | 98 | 1 | 131 | -2 | 2 | 1 | -1 | -1 | 0 | 3 | -10.00% | ||
| South Africa | 45 | -2 | 83 | -1 | 2 | 0 | 0 | -3 | -13 | 50.00% | |||
| Spain | 71 | -1 | 120 | -2 | 1 | -2 | -1 | -1 | -2 | -10 | 40.00% | ||
| Sweden | 99 | 1 | 39.9 | 0 | 1 | 0 | 0 | 0 | 3 | -10.00% | |||
| Switzerland | 100 | 2 | 42.9 | 0 | 2 | 0 | 0 | 0 | 5 | -15.00% | |||
| Taiwan | 85 | 0 | 28.2 | 0 | 2 | -1 | 0 | -1 | 1 | -5.00% | |||
| Thailand | 65 | -1 | 50.5 | 0 | 2 | -1 | -1 | -2 | -6 | 20.00% | |||
| Turkey | 35 | -3 | 39.5 | 0 | 2 | -1 | -1 | -2 | -1 | -2 | -20 | 70.00% | |
| United Arab Emirates | 90 | 0 | 36.9 | 0 | 2 | 0 | 0 | -2 | -4 | 10.00% | |||
| United Kingdom | 90 | 0 | 100 | -2 | 2 | -2 | -1 | -1 | -2 | -5 | 20.00% | ||
| United States | 98 | 1 | 108 | -2 | 1 | -2 | 0 | -1 | -2 | -8 | 30.00% | ||
| Vietnam | 43 | -2 | 46.7 | 0 | 2 | -1 | 0 | -1 | -5 | 20.00% | |||
Notes
(a) All factors are COVID-19 by infection rate
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % May 28 2021 |
|---|---|---|---|
| Colombia | 1.03 | Bullish | -23.02% |
| Turkey | 1.06 | Bearish | -9.94% |
| Austria | 1.12 | Bullish | 27.79% |
| Russia | 1.13 | Bullish | 14.97% |
| Pakistan | 1.24 | Bullish | 6.51% |
| Hungary | 1.3 | Bullish | 11.98% |
| Singapore | 1.3 | Bearish | 10.40% |
| Italy | 1.38 | Bullish | 12.10% |
| Poland | 1.4 | Bullish | 14.49% |
| Spain | 1.41 | Bullish | 12.53% |
| Korea, South | 1.45 | Bearish | 4.16% |
| Chile | 1.47 | Bearish | -0.90% |
| Hong Kong SAR | 1.48 | Bullish | 12.77% |
| Japan | 1.49 | Bearish | 2.27% |
| United Arab Emirates | 1.49 | Bullish | 19.20% |
| Czech Republic | 1.52 | Bullish | 19.13% |
| Greece | 1.59 | Bullish | 12.62% |
| Malaysia | 1.63 | Bullish | -3.96% |
| Egypt | 1.67 | Bearish | -9.53% |
| Belgium | 1.77 | Bearish | 7.51% |
| Germany | 1.78 | Bullish | 9.83% |
| Philippines | 1.81 | Bullish | -7.21% |
| United Kingdom | 1.81 | Bearish | 7.15% |
| Argentina | 1.86 | Bullish | 3.08% |
| Israel | 1.88 | Bearish | 4.53% |
| Qatar | 1.97 | Bearish | 0.65% |
| France | 2 | Bullish | 14.67% |
| Thailand | 2.06 | Bullish | 2.06% |
| Peru | 2.09 | Bullish | -6.98% |
| South Africa | 2.1 | Bullish | 18.21% |
| Norway | 2.16 | Bullish | 15.35% |
| Canada | 2.18 | Bullish | 21.56% |
| Mexico | 2.19 | Bullish | 13.51% |
| China | 2.25 | Bearish | 0.28% |
| Portugal | 2.29 | Bullish | -1.53% |
| Brazil | 2.33 | Bullish | 4.87% |
| Indonesia | 2.36 | Bearish | -8.89% |
| Australia | 2.38 | Bullish | 11.91% |
| Sweden | 2.55 | Bullish | 18.97% |
| Ireland | 2.58 | Bullish | 5.38% |
| Finland | 2.68 | Bullish | 8.00% |
| Taiwan | 2.84 | Bearish | 15.82% |
| Netherlands | 2.87 | Bullish | 19.68% |
| Switzerland | 3.39 | Bullish | 7.27% |
| New Zealand | 3.5 | Bearish | -19.83% |
| India | 3.56 | Bullish | 11.80% |
| Vietnam | 3.88 | Bullish | 11.49% |
| United States | 4.72 | Bullish | 12.75% |
| Denmark | 5.23 | Bullish | 5.98% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % May 28 2021 |
|---|---|---|---|
| Greece | -8.361 | Bullish | 12.62% |
| Argentina | -6.060 | Bullish | 3.08% |
| Turkey | 0.745 | Bearish | -9.94% |
| Czech Republic | 1.277 | Bullish | 19.13% |
| Pakistan | 1.453 | Bullish | 6.51% |
| Russia | 1.465 | Bullish | 14.97% |
| Brazil | 1.776 | Bullish | 4.87% |
| Malaysia | 1.810 | Bullish | -3.96% |
| China | 1.911 | Bearish | 0.28% |
| Egypt | 2.000 | Bearish | -9.53% |
| United Arab Emirates | 2.253 | Bullish | 19.20% |
| Mexico | 2.304 | Bullish | 13.51% |
| Taiwan | 2.389 | Bearish | 15.82% |
| Chile | 2.528 | Bearish | -0.90% |
| India | 2.550 | Bullish | 11.80% |
| Hungary | 2.607 | Bullish | 11.98% |
| Sweden | 2.656 | Bullish | 18.97% |
| Canada | 2.684 | Bullish | 21.56% |
| United Kingdom | 2.762 | Bearish | 7.15% |
| Italy | 2.806 | Bullish | 12.10% |
| Austria | 2.837 | Bullish | 27.79% |
| Qatar | 3.054 | Bearish | 0.65% |
| Singapore | 3.060 | Bearish | 10.40% |
| Germany | 3.156 | Bullish | 9.83% |
| Indonesia | 3.212 | Bearish | -8.89% |
| Switzerland | 3.397 | Bullish | 7.27% |
| South Africa | 3.512 | Bullish | 18.21% |
| Colombia | 3.667 | Bullish | -23.02% |
| Philippines | 3.730 | Bullish | -7.21% |
| Spain | 3.803 | Bullish | 12.53% |
| United States | 3.805 | Bullish | 12.75% |
| Korea, South | 3.874 | Bearish | 4.16% |
| Australia | 4.105 | Bullish | 11.91% |
| Japan | 4.159 | Bearish | 2.27% |
| Vietnam | 4.195 | Bullish | 11.49% |
| Peru | 4.714 | Bullish | -6.98% |
| Israel | 4.830 | Bearish | 4.53% |
| Belgium | 5.072 | Bearish | 7.51% |
| Poland | 5.148 | Bullish | 14.49% |
| Hong Kong SAR | 5.208 | Bullish | 12.77% |
| Norway | 5.288 | Bullish | 15.35% |
| Thailand | 5.313 | Bullish | 2.06% |
| New Zealand | 5.423 | Bearish | -19.83% |
| France | 5.718 | Bullish | 14.67% |
| Ireland | 5.918 | Bullish | 5.38% |
| Netherlands | 6.571 | Bullish | 19.68% |
| Denmark | 6.783 | Bullish | 5.98% |
| Finland | 8.870 | Bullish | 8.00% |
| Portugal | 11.376 | Bullish | -1.53% |
| 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 28 2021 |
|---|---|---|---|---|---|---|---|
| Greece | -8.361 | 50.00% | -4.18 | -12.541 | Bullish | Jan 31, 2021 | 12.62% |
| Argentina | -6.060 | 70.00% | -4.24 | -10.303 | Bullish | Mar 07, 202 | 3.08% |
| Turkey | 0.745 | 70.00% | 0.52 | 1.266 | Bearish | Mar 21, 2021 | -9.94% |
| Czech Republic | 1.277 | 0.00% | 0.00 | 1.277 | Bullish | Aug 02, 2020 | 19.13% |
| Russia | 1.465 | 40.00% | 0.59 | 2.051 | Bullish | Mar 07, 2021 | 14.97% |
| Pakistan | 1.453 | 50.00% | 0.73 | 2.180 | Bullish | Jun 28, 2020 | 6.51% |
| Taiwan | 2.389 | -5.00% | -0.12 | 2.269 | Bearish | May 09, 2021 | 15.82% |
| Malaysia | 1.810 | 30.00% | 0.54 | 2.353 | Bullish | Mar 22, 2020 | -3.96% |
| Sweden | 2.656 | -10.00% | -0.27 | 2.390 | Bullish | Nov 01, 2020 | 18.97% |
| United Arab Emirates | 2.253 | 10.00% | 0.23 | 2.478 | Bullish | May 31, 2020 | 19.20% |
| China | 1.911 | 30.00% | 0.57 | 2.484 | Bearish | Feb 21, 2021 | 0.28% |
| Hungary | 2.607 | 0.00% | 0.00 | 2.607 | Bullish | Sep 27, 2020 | 11.98% |
| Brazil | 1.776 | 50.00% | 0.89 | 2.663 | Bullish | May 02, 2021 | 4.87% |
| Canada | 2.684 | 0.00% | 0.00 | 2.684 | Bullish | Nov 01, 2020 | 21.56% |
| Singapore | 3.060 | -10.00% | -0.31 | 2.754 | Bearish | May 09, 2021 | 10.40% |
| Egypt | 2.000 | 40.00% | 0.80 | 2.800 | Bearish | May 16, 2021 | -9.53% |
| Austria | 2.837 | 0.00% | 0.00 | 2.837 | Bullish | Jan 31, 2021 | 27.79% |
| Switzerland | 3.397 | -15.00% | -0.51 | 2.888 | Bullish | Nov 01, 2020 | 7.27% |
| Qatar | 3.054 | 0.00% | 0.00 | 3.054 | Bearish | Apr 12, 2020 | 0.65% |
| Germany | 3.156 | 0.00% | 0.00 | 3.156 | Bullish | Nov 01, 2020 | 9.83% |
| Mexico | 2.304 | 40.00% | 0.92 | 3.226 | Bullish | May 02, 2021 | 13.51% |
| Chile | 2.528 | 30.00% | 0.76 | 3.286 | Bearish | May 16, 2021 | -0.90% |
| United Kingdom | 2.762 | 20.00% | 0.55 | 3.315 | Bearish | Jun 07, 2020 | 7.15% |
| Italy | 2.806 | 30.00% | 0.84 | 3.647 | Bullish | Nov 01, 2020 | 12.10% |
| Australia | 4.105 | -10.00% | -0.41 | 3.695 | Bullish | Nov 01, 2020 | 11.91% |
| India | 2.550 | 50.00% | 1.28 | 3.826 | Bullish | Jan 31, 2021 | 11.80% |
| Korea, South | 3.874 | 10.00% | 0.39 | 4.261 | Bearish | Feb 21, 2021 | 4.16% |
| Indonesia | 3.212 | 40.00% | 1.28 | 4.496 | Bearish | Mar 28, 2021 | -8.89% |
| Hong Kong SAR | 5.208 | -10.00% | -0.52 | 4.687 | Bullish | May 31, 2020 | 12.77% |
| Norway | 5.288 | -10.00% | -0.53 | 4.760 | Bullish | Nov 08, 2020 | 15.35% |
| Israel | 4.830 | 0.00% | 0.00 | 4.830 | Bearish | May 09, 2021 | 4.53% |
| United States | 3.805 | 30.00% | 1.14 | 4.947 | Bullish | Nov 01, 2020 | 12.75% |
| Vietnam | 4.195 | 20.00% | 0.84 | 5.034 | Bullish | Aug 02, 2020 | 11.49% |
| Colombia | 3.667 | 40.00% | 1.47 | 5.134 | Bullish | May 28, 2021 | -23.02% |
| New Zealand | 5.423 | -5.00% | -0.27 | 5.152 | Bearish | Feb 07, 2021 | -19.83% |
| Philippines | 3.730 | 40.00% | 1.49 | 5.221 | Bullish | May 23, 2021 | -7.21% |
| South Africa | 3.512 | 50.00% | 1.76 | 5.268 | Bullish | Mar 28, 2021 | 18.21% |
| Spain | 3.803 | 40.00% | 1.52 | 5.324 | Bullish | Nov 01, 2020 | 12.53% |
| Belgium | 5.072 | 10.00% | 0.51 | 5.579 | Bearish | Feb 21, 2021 | 7.51% |
| Poland | 5.148 | 10.00% | 0.51 | 5.663 | Bullish | May 23, 2021 | 14.49% |
| Japan | 4.159 | 40.00% | 1.66 | 5.822 | Bearish | Feb 21, 2021 | 2.27% |
| Netherlands | 6.571 | -10.00% | -0.66 | 5.914 | Bullish | Mar 21, 2021 | 19.68% |
| Ireland | 5.918 | 0.00% | 0.00 | 5.918 | Bullish | Feb 28, 2021 | 5.38% |
| Peru | 4.714 | 30.00% | 1.41 | 6.129 | Bullish | May 09, 2021 | -6.98% |
| Thailand | 5.313 | 20.00% | 1.06 | 6.375 | Bullish | Oct 04, 2020 | 2.06% |
| Denmark | 6.783 | -5.00% | -0.34 | 6.444 | Bullish | Mar 07, 2021 | 5.98% |
| France | 5.718 | 20.00% | 1.14 | 6.862 | Bullish | Nov 01, 2020 | 14.67% |
| Finland | 8.870 | 0.00% | 0.00 | 8.870 | Bullish | Nov 01, 2020 | 8.00% |
| Portugal | 11.376 | 10.00% | 1.14 | 12.514 | Bullish | Nov 08, 2020 | -1.53% |
Country Value and Growth Factors February 26, 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 % Feb 26 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 4.50 | 0.32 | -21.59 | 4.82 | -4.479 | 1.8 | Bearish | Feb 21, 2021 | MSCI Argentina | 1.06% |
| Australia | 3.50 | 2.82 | 26.25 | 6.32 | 4.153 | 2.21 | Bullish | Nov 01, 2020 | MSCI Australia USD | 2.68% |
| Austria | 4.60 | 1.36 | 11.49 | 5.96 | 1.928 | 0.98 | Bullish | Nov 01, 2020 | MSCI Austria | 6.71% |
| Belgium | 5.40 | 1.77 | 29.15 | 7.17 | 4.066 | 1.68 | Bearish | Feb 21, 2021 | MSCI Belgium | -3.81% |
| Brazil | 3.60 | 2.32 | 21.52 | 5.92 | 3.635 | 2.22 | Bearish | Feb 21, 2021 | MSCI Brazil Net USD | -13.65% |
| Canada | 3.60 | 2.95 | 24.84 | 6.55 | 3.792 | 1.99 | Bullish | Nov 01, 2020 | MSCI Canada Net USD | 4.43% |
| Chile | 4.50 | 3.10 | 23.46 | 7.60 | 3.087 | 1.52 | Bullish | Nov 01, 2020 | MSCI Chile Net USD | 7.96% |
| China | 8.10 | 1.27 | 21.02 | 9.37 | 2.243 | 2.45 | Bearish | Feb 21, 2021 | MSCI China Net USD | 6.25% |
| Colombia | 4.00 | 4.37 | 19.02 | 8.37 | 2.272 | 1.14 | Bullish | Jan 31, 2021 | MSCI Colombia | -12.45% |
| Czech Republic | 5.10 | 6.63 | 13.83 | 11.73 | 1.179 | 1.52 | Bullish | Aug 02, 2020 | MSCI Czech Republic | 5.36% |
| Denmark | 3.50 | 1.30 | 28.56 | 4.80 | 5.950 | 4.92 | Bearish | Jan 24, 2021 | MSCI Denmark | -4.84% |
| Egypt | 2.80 | 3.48 | 8.51 | 6.28 | 1.355 | 1.85 | Bearish | Jul 12, 2020 | MSCI Egypt | 6.43% |
| Finland | 3.60 | 2.81 | 46.26 | 6.41 | 7.217 | 2.52 | Bullish | Nov 01, 2020 | MSCI Finland | 0.92% |
| France | 6.00 | 1.79 | 36.01 | 7.79 | 4.623 | 1.79 | Bullish | Nov 01, 2020 | MSCI France | 1.76% |
| Germany | 3.50 | 2.39 | 24.51 | 5.89 | 4.161 | 1.76 | Bullish | Nov 01, 2020 | MSCI Germany | 0.55% |
| Greece | 4.10 | 3.83 | 13.36 | 7.93 | 1.685 | 2.89 | Bullish | Nov 01, 2020 | MSCI Greece | -2.27% |
| Hong Kong SAR | 3.70 | 3.05 | 12.11 | 6.75 | 1.794 | 1.21 | Bullish | May 31, 2020 | MSCI Hong Kong | 6.83% |
| Hungary | 0.00 | 0.17 | 15.50 | 0.17 | 91.176 | 1.26 | Bullish | Sep 27, 2020 | MSCI Hungary | 3.32% |
| India | 11.50 | 0.95 | 37.48 | 12.45 | 3.010 | 3.35 | Bullish | Jan 31, 2021 | MSCI India Net USD | 2.36% |
| Indonesia | 4.80 | 2.96 | 21.28 | 7.76 | 2.742 | 2.42 | Bullish | Jan 31, 2021 | MSCI Indonesia USD | -1.36% |
| Ireland | 4.90 | 1.19 | 29.74 | 6.09 | 4.883 | 2.12 | Bearish | Jan 24, 2021 | MSCI Ireland | -5.53% |
| Israel | 4.90 | 0.29 | 28.28 | 5.19 | 5.449 | 1.91 | Bullish | Nov 01, 2020 | MSCI Israel | 1.49% |
| Italy | 3.00 | 2.03 | 17.91 | 5.03 | 3.561 | 1.25 | Bullish | Nov 01, 2020 | MSCI Italy | 1.65% |
| Japan | 3.10 | 1.96 | 23.70 | 5.06 | 4.684 | 1.5 | Bearish | Feb 21, 2021 | MSCI Japan USD | 0.50% |
| Korea, South | 3.10 | 1.56 | 24.92 | 4.66 | 5.348 | 1.41 | Bearish | Feb 21, 2021 | MSCI Korea USD | 1.39% |
| Malaysia | 7.00 | 2.85 | 21.24 | 9.85 | 2.156 | 1.65 | Bullish | Mar 22, 2020 | MSCI Malaysia USD | -3.93% |
| Mexico | 4.30 | 2.08 | 23.98 | 6.38 | 3.759 | 2.06 | Bearish | Jan 24, 2021 | MSCI Mexico USD | -3.85% |
| Netherlands | 3.00 | 1.09 | 27.98 | 4.09 | 6.841 | 2.54 | Bearish | Feb 21, 2021 | MSCI Netherlands | 7.14% |
| New Zealand | 4.40 | 1.83 | 31.35 | 6.23 | 5.032 | 3.74 | Bearish | Feb 21, 2021 | MSCI New Zealand | -13.49% |
| Norway | 3.60 | 3.10 | 43.40 | 6.70 | 6.478 | 1.94 | Bullish | Nov 08, 2020 | MSCI Norway | 5.44% |
| Pakistan | 1.50 | 4.46 | 5.67 | 5.96 | 0.951 | 0.79 | Bullish | Jun 28, 2020 | MSCI Pakistan Net USD | 2.57% |
| Peru | 7.30 | 3.66 | 79.66 | 10.96 | 7.268 | 2.25 | Bearish | Feb 21, 2021 | MSCI Peru | 1.21% |
| Philippines | 6.60 | 2.13 | 21.66 | 8.73 | 2.481 | 0.98 | Bullish | Nov 29, 2020 | MSCI Philippines | -6.05% |
| Poland | 2.70 | 0.43 | 21.36 | 3.13 | 6.824 | 1.17 | Bearish | Feb 21, 2021 | MSCI Poland USD | -4.11% |
| Portugal | 6.50 | 4.42 | 51.71 | 10.92 | 4.735 | 2.28 | Bullish | Nov 08, 2020 | MSCI Portugal | -7.31% |
| Qatar | 2.50 | 3.26 | 15.97 | 5.76 | 2.773 | 1.86 | Bearish | Apr 12, 2020 | MSCI Qatar | -3.58% |
| Russia | 3.00 | 5.43 | 15.95 | 8.43 | 1.892 | 1.02 | Bearish | Feb 21, 2021 | MSCI Russia USD | -0.27% |
| Singapore | 5.00 | 3.63 | 18.23 | 8.63 | 2.112 | 1.18 | Bullish | Nov 01, 2020 | MSCI Singapore | 3.37% |
| South Africa | 2.80 | 1.82 | 20.57 | 4.62 | 4.452 | 2.11 | Bearish | Feb 21, 2021 | MSCI South Africa USD | 5.70% |
| Spain | 5.90 | 3.71 | 20.78 | 9.61 | 2.162 | 1.32 | Bullish | Nov 01, 2020 | MSCI Spain | 0.62% |
| Sweden | 3.50 | 1.24 | 17.56 | 4.74 | 3.705 | 2.37 | Bullish | Nov 01, 2020 | MSCI Sweden | 6.19% |
| Switzerland | 3.60 | 2.90 | 20.95 | 6.50 | 3.223 | 3.12 | Bullish | Jun 14, 2020 | MSCI Switzerland | -2.35% |
| Taiwan | 4.64 | 2.44 | 23.48 | 7.08 | 3.316 | 2.88 | Bullish | Oct 04, 2020 | MSCI Taiwan USD | 11.42% |
| Thailand | 2.70 | 2.47 | 24.75 | 5.17 | 4.787 | 1.86 | Bullish | Oct 04, 2020 | MSCI Thailand USD | 1.89% |
| Turkey | 6.00 | 1.06 | 9.75 | 7.06 | 1.381 | 0.97 | Bullish | Nov 01, 2020 | MSCI Turkey | -6.91% |
| United Arab Emirates | 1.30 | 4.05 | 13.37 | 5.35 | 2.499 | 1.19 | Bullish | May 31, 2020 | MSCI UAE | 6.81% |
| United Kingdom | 4.50 | 3.16 | 17.99 | 7.66 | 2.349 | 1.62 | Bearish | Jun 07, 2020 | MSCI UK | -1.08% |
| United States | 5.10 | 1.83 | 23.09 | 6.93 | 3.332 | 3.65 | Bullish | Nov 01, 2020 | MSCI USA USD | 2.93% |
| Vietnam | 6.70 | 1.12 | 20.91 | 7.82 | 2.674 | 3.62 | Bullish | Aug 02, 2020 | MSCI Vietnam | 0.69% |
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 38 | -3 | 38.5 | -5 | 11.7 | -1 | -0.8 | 0 | -1 | -2 | 30 | -1 | |
| Australia | 0.1 | 1 | 0.9 | 0 | 6.4 | 0 | 0.2 | 0 | 1 | 30 | -1 | ||
| Austria | 0 | 1 | 0.8 | 0 | 10.7 | -1 | 2.6 | 0 | 25 | 0 | |||
| Belgium | 0 | 1 | 0.46 | 0 | 5.8 | 0 | -1.2 | 0 | 29 | -1 | |||
| Brazil | 2 | 0 | 4.56 | -2 | 13.9 | -2 | -0.9 | 0 | -1 | -2 | 34 | -2 | |
| Canada | 0.25 | 1 | 1 | 0 | 9.4 | -1 | -2.1 | -1 | 1 | 26.5 | -1 | ||
| Chile | 0.5 | 1 | 3.1 | -1 | 10.2 | -1 | -3.9 | -1 | -1 | 27 | -1 | ||
| China | 3.85 | 0 | -0.3 | -2 | 5.2 | 0 | 1 | 0 | -1 | -1 | -2 | 25 | 0 |
| Colombia | 1.75 | 0 | 1.6 | 0 | 17.3 | -3 | -4.3 | -1 | -1 | 33 | -2 | ||
| Czech Republic | 0.25 | 1 | 2.2 | -1 | 4.3 | 0 | -0.4 | 0 | -1 | 19 | 0 | ||
| Denmark | -0.6 | -1 | 0.4 | 0 | 4.4 | 0 | 7.9 | 1 | 2 | 22 | 0 | ||
| Egypt | 8.25 | -1 | 4.3 | -2 | 7.2 | 0 | -3.1 | -1 | -3 | 22.5 | 0 | ||
| Finland | 0 | 1 | 0.9 | 0 | 8.7 | -1 | -0.8 | 0 | 1 | 20 | 0 | ||
| France | 0 | 1 | 0.4 | 0 | 8 | -1 | -0.7 | 0 | 28 | -1 | |||
| Germany | 0 | 1 | 1.3 | 0 | 4.6 | 0 | 7.1 | 1 | -1 | 1 | 30 | -1 | |
| Greece | 0 | 1 | -2 | -2 | 16.2 | -3 | -1.4 | 0 | -1 | -1 | 24 | 0 | |
| Hong Kong | 0.86 | 1 | 1.9 | 0 | 7 | 0 | 6.2 | 1 | 1 | 16.5 | 0 | ||
| Hungary | 0.6 | 1 | 2.7 | -1 | 4.3 | 0 | -0.8 | 0 | -1 | -1 | 9 | 2 | |
| India | 4 | 0 | 4.06 | -2 | 6.5 | 0 | -0.9 | 0 | -2 | 25.17 | -1 | ||
| Indonesia | 3.5 | 0 | 1.38 | 0 | 7.07 | 0 | -2.7 | -1 | -3 | 22 | 0 | ||
| Ireland | 0 | 1 | -0.2 | -2 | 5.8 | 0 | 4.6 | 1 | 12.5 | 1 | |||
| Israel | 0.1 | 1 | -0.4 | -2 | 4.5 | 0 | 2.4 | 0 | 23 | 0 | |||
| Italy | 0 | 1 | 0.6 | 0 | 9 | -1 | 3 | 0 | -1 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | -0.6 | -2 | 2.9 | 0 | 3.6 | 0 | -1 | 30.62 | -2 | ||
| Korea, South | 0.5 | 1 | 1.1 | 0 | 5.4 | 0 | 3.5 | 0 | -1 | 25 | 0 | ||
| Malaysia | 1.75 | 0 | -0.2 | -2 | 4.8 | 0 | 1.9 | 0 | -1 | -1 | 24 | 0 | |
| Mexico | 4 | 0 | 3.54 | -1 | 4.7 | 0 | 2.4 | 0 | -1 | -3 | 30 | -1 | |
| Netherlands | 0 | 1 | 1.8 | 0 | 3.6 | 0 | 10.2 | 2 | 1 | 25 | 0 | ||
| New Zealand | 0.25 | 1 | 1.4 | 0 | 4.9 | 0 | -3.6 | -1 | 2 | 28 | -1 | ||
| Norway | 0 | 1 | 2.5 | -1 | 5 | 0 | 4.1 | 1 | 1 | 22 | 0 | ||
| Pakistan | 7 | -1 | 8.7 | -3 | 4.1 | 0 | -1.1 | 0 | -3 | 29 | -1 | ||
| Peru | 0.25 | 1 | 2.4 | -1 | 13 | -2 | -1.5 | 0 | -1 | 29.5 | -1 | ||
| Philippines | 2 | 0 | 4.7 | -2 | 8.7 | -1 | 2.2 | 0 | -1 | -3 | 30 | -1 | |
| Poland | 0.1 | 1 | 2.7 | -1 | 6.5 | 0 | 0.5 | 0 | -1 | -1 | 19 | 0 | |
| Portugal | 0 | 1 | 0.5 | 0 | 7.1 | 0 | -0.1 | 0 | 21 | 0 | |||
| Qatar | 2.5 | 0 | -1.29 | -2 | 0.1 | -1 | 2.3 | 0 | 10 | 1 | |||
| Russia | 4.25 | 0 | 5.7 | -2 | 5.8 | 0 | 3.9 | 0 | -1 | -3 | 20 | 0 | |
| Singapore | 0.18 | 1 | 0.2 | 0 | 3.2 | 0 | 17.6 | 2 | 1 | 17 | 0 | ||
| South Africa | 3.5 | 0 | 3.2 | -1 | 32.5 | -4 | -3 | -1 | -1 | -1 | 28 | -1 | |
| Spain | 0 | 1 | 0 | 0 | 16.13 | -3 | 2 | 0 | 25 | 0 | |||
| Sweden | 0 | 1 | -0.4 | -2 | 9.3 | -1 | 3.9 | 0 | 1 | 21.4 | 0 | ||
| Switzerland | -0.75 | -1 | -0.5 | -2 | 3.7 | 0 | 10.9 | 2 | 1 | 18 | 0 | ||
| Taiwan | 1.13 | 0 | -0.16 | -2 | 3.75 | 0 | 9.5 | 2 | 20 | 0 | |||
| Thailand | 0.5 | 1 | -1.17 | -2 | 1.5 | 0 | 6.8 | 1 | -1 | -3 | 20 | 0 | |
| Turkey | 17 | -2 | 15.61 | -3 | 12.9 | -2 | 1.2 | 0 | -1 | -2 | 22 | 0 | |
| United Arab Emirates | 1.5 | 0 | -2.09 | -4 | 2.64 | 0 | 7.4 | 1 | 0 | -1 | |||
| United Kingdom | 0.1 | 1 | 0.7 | 0 | 5.1 | 0 | -3.8 | -1 | 1 | 19 | 0 | ||
| United States | 0.25 | 1 | 1.4 | 0 | 6.2 | 0 | -2.3 | -1 | -1 | 21 | 0 | ||
| Vietnam | 4 | 0 | 0.7 | 0 | 2.37 | 0 | 5 | 1 | -3 | 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 | 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 | 89.4 | -1 | 2 | -1 | -1 | 0 | -2 | -20 | 70.00% | ||
| Australia | 100 | 2 | 45.1 | 0 | 1 | -1 | -1 | 0 | 0 | 0 | 2 | -5.00% | |
| Austria | 96 | 1 | 70.4 | 0 | 1 | -2 | 0 | 0 | -2 | -2 | 0.00% | ||
| Belgium | 86 | 0 | 98.6 | -1 | 1 | -2 | 0 | -1 | -2 | -5 | 20.00% | ||
| Brazil | 42 | -2 | 75.79 | 0 | 2 | -1 | -1 | 0 | -2 | -13 | 50.00% | ||
| Canada | 100 | 2 | 88.6 | -1 | 2 | 1 | -1 | -1 | 0 | 0 | -1 | 0 | 0.00% |
| Chile | 78 | -1 | 27.9 | 0 | 2 | -1 | -1 | 0 | -2 | -7 | 30.00% | ||
| China | 80 | -1 | 52.6 | 0 | 2 | -2 | -1 | -1 | 0 | 0 | -9 | 30.00% | |
| Colombia | 57 | -1 | 48.4 | 0 | 2 | -1 | -1 | -2 | -10 | 40.00% | |||
| Czech Republic | 83 | 0 | 30.8 | 0 | 1 | 0 | 0 | -4 | -4 | 10.00% | |||
| Denmark | 100 | 2 | 33.2 | 0 | 1 | -2 | 0 | -1 | -1 | 1 | -5.00% | ||
| Egypt | 30 | -3 | 90.2 | -1 | 2 | -1 | -1 | 0 | -11 | 40.00% | |||
| Finland | 96 | 1 | 59.4 | 0 | 1 | -2 | 0 | 0 | -1 | 0 | 0.00% | ||
| France | 92 | 0 | 98.1 | -1 | 1 | 1 | -2 | 0 | -1 | -2 | -5 | 20.00% | |
| Germany | 100 | 2 | 59.8 | 0 | 1 | -2 | 0 | -1 | -1 | 0 | 0.00% | ||
| Greece | 37 | -3 | 177 | -2 | 2 | 1 | -2 | -1 | -1 | -1 | -13 | 50.00% | |
| Hong Kong | 90 | 0 | 38.4 | 0 | 1 | 0 | -1 | 0 | 3 | -10.00% | |||
| Hungary | 58 | -1 | 66.3 | 0 | 2 | 0 | 0 | -2 | -1 | 0.00% | |||
| India | 56 | -1 | 69.62 | 0 | 2 | -2 | -1 | -1 | -1 | -1 | -10 | 40.00% | |
| Indonesia | 60 | -1 | 30.5 | 0 | 2 | -2 | -1 | -1 | -1 | -1 | -9 | 30.00% | |
| Ireland | 78 | -1 | 58.8 | 0 | 1 | 0 | -1 | -2 | -2 | 0.00% | |||
| Israel | 81 | 0 | 59.9 | 0 | 1 | -1 | -1 | -1 | -3 | -6 | 20.00% | ||
| Italy | 61 | -1 | 156 | -2 | 1 | -2 | 0 | -1 | -2 | -9 | 30.00% | ||
| Japan | 77 | -1 | 237 | -2 | 2 | -1 | -1 | -1 | 0 | -10 | 40.00% | ||
| Korea, South | 86 | 0 | 37.7 | 0 | 2 | -1 | -1 | -1 | 0 | 0 | -1 | 0.00% | |
| Malaysia | 70 | -1 | 52.7 | 0 | 1 | -1 | -1 | -1 | -7 | 30.00% | |||
| Mexico | 60 | -1 | 45.5 | 0 | 2 | -1 | -1 | 0 | 0 | -1 | -8 | 30.00% | |
| Netherlands | 98 | 1 | 48.6 | 0 | 1 | 1 | -2 | 0 | 0 | -2 | 3 | -10.00% | |
| New Zealand | 93 | 0 | 19 | 1 | 1 | -1 | 0 | 0 | 0 | 2 | -5.00% | ||
| Norway | 100 | 2 | 40.6 | 0 | 1 | 0 | 0 | -1 | 4 | -10.00% | |||
| Pakistan | 25 | -3 | 87 | -1 | 1 | -1 | -1 | 0 | -13 | 50.00% | |||
| Peru | 65 | -1 | 27.5 | 0 | 2 | 0 | -1 | -2 | -6 | 20.00% | |||
| Philippines | 61 | -1 | 41.5 | 0 | 2 | -1 | -1 | -1 | -10 | 40.00% | |||
| Poland | 71 | -1 | 46 | 0 | 2 | 0 | 0 | -2 | -3 | 10.00% | |||
| Portugal | 71 | -1 | 117 | -2 | 1 | -2 | 0 | 0 | -2 | -5 | 20.00% | ||
| Qatar | 85 | 0 | 65.8 | 0 | 2 | 0 | 0 | -2 | -2 | 0.00% | |||
| Russia | 55 | -1 | 12.2 | 1 | 2 | -1 | -1 | -2 | -1 | -1 | -10 | 40.00% | |
| Singapore | 100 | 2 | 131 | -2 | 2 | 1 | -1 | -1 | -1 | 4 | -10.00% | ||
| South Africa | 45 | -2 | 62.2 | 0 | 2 | 0 | 0 | -1 | -10 | 40.00% | |||
| Spain | 71 | -1 | 95.5 | -1 | 1 | -2 | -1 | -1 | -2 | -9 | 30.00% | ||
| Sweden | 100 | 2 | 35.1 | 0 | 1 | 0 | 0 | -2 | 0 | 0.00% | |||
| Switzerland | 100 | 2 | 41 | 0 | 2 | 0 | 0 | -2 | 2 | -5.00% | |||
| Taiwan | 85 | 0 | 28.2 | 0 | 2 | -1 | 0 | 0 | 1 | -5.00% | |||
| Thailand | 65 | -1 | 41.1 | 0 | 2 | -1 | -1 | 0 | -5 | 20.00% | |||
| Turkey | 35 | -3 | 33.1 | 0 | 2 | -1 | -1 | -2 | -1 | -1 | -17 | 60.00% | |
| United Arab Emirates | 90 | 0 | 18.6 | 1 | 2 | 0 | 0 | -2 | -3 | 10.00% | |||
| United Kingdom | 90 | 0 | 100 | -2 | 2 | -2 | -1 | -1 | -2 | -5 | 20.00% | ||
| United States | 98 | 1 | 108 | -2 | 1 | -2 | 0 | -1 | -3 | -7 | 30.00% | ||
| Vietnam | 43 | -2 | 46.7 | 0 | 2 | -1 | 0 | 0 | -3 | 10.00% | |||
Notes
(a) All factors are COVID-19 by infection rate
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Feb 26 2021 |
|---|---|---|---|
| Pakistan | 0.79 | Bullish | 2.57% |
| Turkey | 0.97 | Bullish | -6.91% |
| Austria | 0.98 | Bullish | 6.71% |
| Philippines | 0.98 | Bullish | -6.05% |
| Russia | 1.02 | Bearish | -0.27% |
| Colombia | 1.14 | Bullish | -12.45% |
| Poland | 1.17 | Bearish | -4.11% |
| Singapore | 1.18 | Bullish | 3.37% |
| United Arab Emirates | 1.19 | Bullish | 6.81% |
| Hong Kong SAR | 1.21 | Bullish | 6.83% |
| Italy | 1.25 | Bullish | 1.65% |
| Hungary | 1.26 | Bullish | 3.32% |
| Spain | 1.32 | Bullish | 0.62% |
| Korea, South | 1.41 | Bearish | 1.39% |
| Japan | 1.5 | Bearish | 0.50% |
| Chile | 1.52 | Bullish | 7.96% |
| Czech Republic | 1.52 | Bullish | 5.36% |
| United Kingdom | 1.62 | Bearish | -1.08% |
| Malaysia | 1.65 | Bullish | -3.93% |
| Belgium | 1.68 | Bearish | -3.81% |
| Germany | 1.76 | Bullish | 0.55% |
| France | 1.79 | Bullish | 1.76% |
| Argentina | 1.8 | Bearish | 1.06% |
| Egypt | 1.85 | Bearish | 6.43% |
| Qatar | 1.86 | Bearish | -3.58% |
| Thailand | 1.86 | Bullish | 1.89% |
| Israel | 1.91 | Bullish | 1.49% |
| Norway | 1.94 | Bullish | 5.44% |
| Canada | 1.99 | Bullish | 4.43% |
| Mexico | 2.06 | Bearish | -3.85% |
| South Africa | 2.11 | Bearish | 5.70% |
| Ireland | 2.12 | Bearish | -5.53% |
| Australia | 2.21 | Bullish | 2.68% |
| Brazil | 2.22 | Bearish | -13.65% |
| Peru | 2.25 | Bearish | 1.21% |
| Portugal | 2.28 | Bullish | -7.31% |
| Sweden | 2.37 | Bullish | 6.19% |
| Indonesia | 2.42 | Bullish | -1.36% |
| China | 2.45 | Bearish | 6.25% |
| Finland | 2.52 | Bullish | 0.92% |
| Netherlands | 2.54 | Bearish | 7.14% |
| Taiwan | 2.88 | Bullish | 11.42% |
| Greece | 2.89 | Bullish | -2.27% |
| Switzerland | 3.12 | Bullish | -2.35% |
| India | 3.35 | Bullish | 2.36% |
| Vietnam | 3.62 | Bullish | 0.69% |
| United States | 3.65 | Bullish | 2.93% |
| New Zealand | 3.74 | Bearish | -13.49% |
| Denmark | 4.92 | Bearish | -4.84% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Feb 26 2021 |
|---|---|---|---|
| Argentina | -4.479 | Bearish | 1.06% |
| Pakistan | 0.951 | Bullish | 2.57% |
| Czech Republic | 1.179 | Bullish | 5.36% |
| Egypt | 1.355 | Bearish | 6.43% |
| Turkey | 1.381 | Bullish | -6.91% |
| Greece | 1.685 | Bullish | -2.27% |
| Hong Kong SAR | 1.794 | Bullish | 6.83% |
| Russia | 1.892 | Bearish | -0.27% |
| Austria | 1.928 | Bullish | 6.71% |
| Singapore | 2.112 | Bullish | 3.37% |
| Malaysia | 2.156 | Bullish | -3.93% |
| Spain | 2.162 | Bullish | 0.62% |
| China | 2.243 | Bearish | 6.25% |
| Colombia | 2.272 | Bullish | -12.45% |
| United Kingdom | 2.349 | Bearish | -1.08% |
| Philippines | 2.481 | Bullish | -6.05% |
| United Arab Emirates | 2.499 | Bullish | 6.81% |
| Vietnam | 2.674 | Bullish | 0.69% |
| Indonesia | 2.742 | Bullish | -1.36% |
| Qatar | 2.773 | Bearish | -3.58% |
| India | 3.010 | Bullish | 2.36% |
| Chile | 3.087 | Bullish | 7.96% |
| Switzerland | 3.223 | Bullish | -2.35% |
| Taiwan | 3.316 | Bullish | 11.42% |
| United States | 3.332 | Bullish | 2.93% |
| Italy | 3.561 | Bullish | 1.65% |
| Brazil | 3.635 | Bearish | -13.65% |
| Sweden | 3.705 | Bullish | 6.19% |
| Mexico | 3.759 | Bearish | -3.85% |
| Canada | 3.792 | Bullish | 4.43% |
| Belgium | 4.066 | Bearish | -3.81% |
| Australia | 4.153 | Bullish | 2.68% |
| Germany | 4.161 | Bullish | 0.55% |
| South Africa | 4.452 | Bearish | 5.70% |
| France | 4.623 | Bullish | 1.76% |
| Japan | 4.684 | Bearish | 0.50% |
| Portugal | 4.735 | Bullish | -7.31% |
| Thailand | 4.787 | Bullish | 1.89% |
| Ireland | 4.883 | Bearish | -5.53% |
| New Zealand | 5.032 | Bearish | -13.49% |
| Korea, South | 5.348 | Bearish | 1.39% |
| Israel | 5.449 | Bullish | 1.49% |
| Denmark | 5.950 | Bearish | -4.84% |
| Norway | 6.478 | Bullish | 5.44% |
| Poland | 6.824 | Bearish | -4.11% |
| Netherlands | 6.841 | Bearish | 7.14% |
| Finland | 7.217 | Bullish | 0.92% |
| Peru | 7.268 | Bearish | 1.21% |
| Hungary | 91.176 | Bullish | 3.32% |
| 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 26 2021 |
|---|---|---|---|---|---|---|---|
| Argentina | -4.479 | 70.00% | -3.14 | -7.615 | Bearish | Feb 21, 2021 | 1.06% |
| Czech Republic | 1.179 | 10.00% | 0.12 | 1.297 | Bullish | Aug 02, 2020 | 5.36% |
| Pakistan | 0.951 | 50.00% | 0.48 | 1.427 | Bullish | Jun 28, 2020 | 2.57% |
| Hong Kong SAR | 1.794 | -10.00% | -0.18 | 1.615 | Bullish | May 31, 2020 | 6.83% |
| Egypt | 1.355 | 40.00% | 0.54 | 1.897 | Bearish | Jul 12, 2020 | 6.43% |
| Singapore | 2.112 | -10.00% | -0.21 | 1.901 | Bullish | Nov 01, 2020 | 3.37% |
| Austria | 1.928 | 0.00% | 0.00 | 1.928 | Bullish | Nov 01, 2020 | 6.71% |
| Turkey | 1.381 | 60.00% | 0.83 | 2.210 | Bullish | Nov 01, 2020 | -6.91% |
| Greece | 1.685 | 50.00% | 0.84 | 2.527 | Bullish | Nov 01, 2020 | -2.27% |
| Russia | 1.892 | 40.00% | 0.76 | 2.649 | Bearish | Feb 21, 2021 | -0.27% |
| United Arab Emirates | 2.499 | 10.00% | 0.25 | 2.749 | Bullish | May 31, 2020 | 6.81% |
| Qatar | 2.773 | 0.00% | 0.00 | 2.773 | Bearish | Apr 12, 2020 | -3.58% |
| Malaysia | 2.156 | 30.00% | 0.65 | 2.803 | Bullish | Mar 22, 2020 | -3.93% |
| Spain | 2.162 | 30.00% | 0.65 | 2.811 | Bullish | Nov 01, 2020 | 0.62% |
| United Kingdom | 2.349 | 20.00% | 0.47 | 2.818 | Bearish | Jun 07, 2020 | -1.08% |
| China | 2.243 | 30.00% | 0.67 | 2.916 | Bearish | Feb 21, 2021 | 6.25% |
| Vietnam | 2.674 | 10.00% | 0.27 | 2.941 | Bullish | Aug 02, 2020 | 0.69% |
| Switzerland | 3.223 | -5.00% | -0.16 | 3.062 | Bullish | Jun 14, 2020 | -2.35% |
| Taiwan | 3.316 | -5.00% | -0.17 | 3.151 | Bullish | Oct 04, 2020 | 11.42% |
| Colombia | 2.272 | 40.00% | 0.91 | 3.181 | Bullish | Jan 31, 2021 | -12.45% |
| Philippines | 2.481 | 40.00% | 0.99 | 3.474 | Bullish | Nov 29, 2020 | -6.05% |
| Indonesia | 2.742 | 30.00% | 0.82 | 3.565 | Bullish | Jan 31, 2021 | -1.36% |
| Sweden | 3.705 | 0.00% | 0.00 | 3.705 | Bullish | Nov 01, 2020 | 6.19% |
| Canada | 3.792 | 0.00% | 0.00 | 3.792 | Bullish | Nov 01, 2020 | 4.43% |
| Australia | 4.153 | -5.00% | -0.21 | 3.946 | Bullish | Nov 01, 2020 | 2.68% |
| Chile | 3.087 | 30.00% | 0.93 | 4.013 | Bullish | Nov 01, 2020 | 7.96% |
| Germany | 4.161 | 0.00% | 0.00 | 4.161 | Bullish | Nov 01, 2020 | 0.55% |
| India | 3.010 | 40.00% | 1.20 | 4.215 | Bullish | Jan 31, 2021 | 2.36% |
| United States | 3.332 | 30.00% | 1.00 | 4.331 | Bullish | Nov 01, 2020 | 2.93% |
| Italy | 3.561 | 30.00% | 1.07 | 4.629 | Bullish | Nov 01, 2020 | 1.65% |
| New Zealand | 5.032 | -5.00% | -0.25 | 4.780 | Bearish | Feb 21, 2021 | -13.49% |
| Belgium | 4.066 | 20.00% | 0.81 | 4.879 | Bearish | Feb 21, 2021 | -3.81% |
| Ireland | 4.883 | 0.00% | 0.00 | 4.883 | Bearish | Jan 24, 2021 | -5.53% |
| Mexico | 3.759 | 30.00% | 1.13 | 4.886 | Bearish | Jan 24, 2021 | -3.85% |
| Korea, South | 5.348 | 0.00% | 0.00 | 5.348 | Bearish | Feb 21, 2021 | 1.39% |
| Brazil | 3.635 | 50.00% | 1.82 | 5.453 | Bearish | Feb 21, 2021 | -13.65% |
| France | 4.623 | 20.00% | 0.92 | 5.547 | Bullish | Nov 01, 2020 | 1.76% |
| Denmark | 5.950 | -5.00% | -0.30 | 5.653 | Bearish | Jan 24, 2021 | -4.84% |
| Portugal | 4.735 | 20.00% | 0.95 | 5.682 | Bullish | Nov 08, 2020 | -7.31% |
| Thailand | 4.787 | 20.00% | 0.96 | 5.745 | Bullish | Oct 04, 2020 | 1.89% |
| Norway | 6.478 | -10.00% | -0.65 | 5.830 | Bullish | Nov 08, 2020 | 5.44% |
| Netherlands | 6.841 | -10.00% | -0.68 | 6.157 | Bearish | Feb 21, 2021 | 7.14% |
| South Africa | 4.452 | 40.00% | 1.78 | 6.233 | Bearish | Feb 21, 2021 | 5.70% |
| Israel | 5.449 | 20.00% | 1.09 | 6.539 | Bullish | Nov 01, 2020 | 1.49% |
| Japan | 4.684 | 40.00% | 1.87 | 6.557 | Bearish | Feb 21, 2021 | 0.50% |
| Finland | 7.217 | 0.00% | 0.00 | 7.217 | Bullish | Nov 01, 2020 | 0.92% |
| Poland | 6.824 | 10.00% | 0.68 | 7.507 | Bearish | Feb 21, 2021 | -4.11% |
| Peru | 7.268 | 20.00% | 1.45 | 8.722 | Bearish | Feb 21, 2021 | 1.21% |
| Hungary | 91.176 | 0.00% | 0.00 | 91.176 | Bullish | Sep 27, 2020 | 3.32% |
Country Value and Growth Factors November 30, 2020
| Country | 2020 GDP Annual Growth Rate Change | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Nov 30 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -19.10 | 0.35 | 17.79 | -18.75 | -0.949 | 1.66 | Bearish | Nov 08, 2020 | MSCI Argentina | 2.25% |
| Australia | -3.80 | 2.89 | 24.28 | -0.91 | -26.681 | 2.12 | Bullish | Nov 01, 2020 | MSCI Australia USD | 2.56% |
| Austria | -4.00 | 1.58 | 13.51 | -2.42 | -5.583 | 0.93 | Bullish | Nov 01, 2020 | MSCI Austria | -21.58% |
| Belgium | -4.50 | 2.16 | 28.96 | -2.34 | -12.376 | 1.77 | Bullish | Nov 01, 2020 | MSCI Belgium | -18.25% |
| Brazil | -3.90 | 2.76 | 22.74 | -1.14 | -19.947 | 2.18 | Bullish | Nov 01, 2020 | MSCI Brazil Net USD | -30.39% |
| Canada | -5.20 | 3.11 | 23.18 | -2.09 | -11.091 | 1.89 | Bullish | Nov 01, 2020 | MSCI Canada Net USD | 1.48% |
| Chile | -9.10 | 3.63 | 19.72 | -5.47 | -3.605 | 1.32 | Bullish | Nov 01, 2020 | MSCI Chile Net USD | -18.41% |
| China | 4.90 | 1.57 | 19.26 | 6.47 | 2.977 | 2.15 | Bullish | Aug 23, 2020 | MSCI China Net USD | 23.05% |
| Colombia | -9.00 | 4.68 | 17.40 | -4.32 | -4.028 | 1.04 | Bullish | Nov 01, 2020 | MSCI Colombia | -38.31% |
| Czech Republic | -5.00 | 4.67 | 9.87 | -0.33 | -29.909 | 1.08 | Bullish | Aug 02, 2020 | MSCI Czech Republic | -19.08% |
| Denmark | -4.00 | 1.25 | 29.69 | -2.75 | -10.796 | 5.1 | Bullish | Mar 22, 2020 | MSCI Denmark | 24.12% |
| Egypt | 5.00 | 3.63 | 7.65 | 8.63 | 0.886 | 1.78 | Bearish | Jul 12, 2020 | MSCI Egypt | -25.33% |
| Finland | -2.70 | 2.77 | 18.73 | 0.07 | 267.571 | 2.4 | Bullish | Nov 01, 2020 | MSCI Finland | 6.03% |
| France | -3.90 | 1.89 | 31.30 | -2.01 | -15.572 | 1.73 | Bullish | Nov 01, 2020 | MSCI France | -7.41% |
| Germany | -4.00 | 2.63 | 24.57 | -1.37 | -17.934 | 1.67 | Bullish | Nov 01, 2020 | MSCI Germany | -4.55% |
| Greece | -11.70 | 4.44 | 16.13 | -7.26 | -2.222 | 2.65 | Bullish | Nov 01, 2020 | MSCI Greece | -36.51% |
| Hong Kong SAR | -3.50 | 3.05 | 12.11 | -0.45 | -26.911 | 1.21 | Bullish | May 31, 2020 | MSCI Hong Kong | -4.48% |
| Hungary | -4.60 | 0.20 | 13.04 | -4.40 | -2.964 | 1.14 | Bullish | Sep 27, 2020 | MSCI Hungary | -19.31% |
| India | -7.50 | 1.11 | 31.45 | -6.39 | -4.922 | 2.91 | Bearish | Sep 20, 2020 | MSCI India Net USD | 4.73% |
| Indonesia | -3.49 | 3.21 | 19.55 | -0.28 | -69.821 | 2.29 | Bullish | Oct 04, 2020 | MSCI Indonesia USD | -13.00% |
| Ireland | 8.10 | 1.29 | 30.93 | 9.39 | 3.294 | 2.2 | Bullish | Oct 04, 2020 | MSCI Ireland | 1.12% |
| Israel | -1.50 | 0.76 | 30.35 | -0.74 | -41.014 | 1.72 | Bullish | Nov 01, 2020 | MSCI Israel | 5.41% |
| Italy | -5.00 | 2.29 | 28.55 | -2.71 | -10.535 | 1.19 | Bullish | Nov 01, 2020 | MSCI Italy | -10.67% |
| Japan | -5.80 | 2.05 | 25.55 | -3.75 | -6.813 | 1.41 | Bullish | Aug 09, 2020 | MSCI Japan USD | 9.95% |
| Korea, South | -1.10 | 1.80 | 20.46 | 0.70 | 29.229 | 1.18 | Bullish | Nov 01, 2020 | MSCI Korea USD | 24.10% |
| Malaysia | -2.70 | 2.79 | 23.04 | 0.09 | 256.000 | 1.68 | Bullish | Mar 22, 2020 | MSCI Malaysia USD | -0.42% |
| Mexico | -8.60 | 2.25 | 23.84 | -6.35 | -3.754 | 1.91 | Bullish | Nov 01, 2020 | MSCI Mexico USD | -9.83% |
| Netherlands | -2.50 | 1.09 | 25.87 | -1.41 | -18.348 | 2.28 | Bullish | Mar 22, 2020 | MSCI Netherlands | 8.07% |
| New Zealand | -12.40 | 1.59 | 38.52 | -10.81 | -3.563 | 4.39 | Bearish | Aug 30, 2020 | MSCI New Zealand | 12.24% |
| Norway | -0.20 | 2.81 | 34.15 | 2.61 | 13.084 | 1.73 | Bullish | Nov 08, 2020 | MSCI Norway | -9.64% |
| Pakistan | 1.91 | 6.12 | 5.62 | 8.03 | 0.700 | 0.78 | Bullish | Jun 28, 2020 | MSCI Pakistan Net USD | -10.15% |
| Peru | -9.40 | 3.90 | 86.04 | -5.50 | -15.644 | 2.07 | Bullish | Nov 01, 2020 | MSCI Peru | -17.78% |
| Philippines | -11.50 | 1.70 | 19.78 | -9.80 | -2.018 | 1.82 | Bullish | Nov 29, 2020 | MSCI Philippines | -13.17% |
| Poland | -1.50 | 0.49 | 20.46 | -1.01 | -20.257 | 1.1 | Bullish | Nov 01, 2020 | MSCI Poland USD | -18.17% |
| Portugal | -5.70 | 4.50 | 50.70 | -1.20 | -42.250 | 2.24 | Bullish | Nov 08, 2020 | MSCI Portugal | -5.84% |
| Qatar | -6.10 | 3.83 | 15.71 | -2.27 | -6.921 | 1.92 | Bearish | Apr 12, 2020 | MSCI Qatar | -7.79% |
| Russia | -3.60 | 6.20 | 11.89 | 2.60 | 4.573 | 0.97 | Bullish | Nov 01, 2020 | MSCI Russia USD | -21.15% |
| Singapore | -5.80 | 4.18 | 14.75 | -1.62 | -9.105 | 1.1 | Bullish | Nov 01, 2020 | MSCI Singapore | -14.68% |
| South Africa | -17.10 | 2.14 | 19.34 | -14.96 | -1.293 | 1.9 | Bullish | Nov 01, 2020 | MSCI South Africa USD | -12.53% |
| Spain | -8.70 | 3.49 | 16.12 | -5.21 | -3.094 | 1.29 | Bullish | Nov 01, 2020 | MSCI Spain | -15.30% |
| Sweden | -2.50 | 1.12 | 15.47 | -1.38 | -11.210 | 2.3 | Bullish | Nov 01, 2020 | MSCI Sweden | 6.33% |
| Switzerland | -1.60 | 2.89 | 21.33 | 1.29 | 16.535 | 3.14 | Bullish | Jun 14, 2020 | MSCI Switzerland | -3.38% |
| Taiwan | 3.92 | 2.95 | 20.17 | 6.87 | 2.936 | 2.42 | Bullish | Oct 04, 2020 | MSCI Taiwan USD | 27.61% |
| Thailand | -6.40 | 2.91 | 23.95 | -3.49 | -6.862 | 1.75 | Bullish | Oct 04, 2020 | MSCI Thailand USD | -14.61% |
| Turkey | 6.70 | 1.22 | 10.07 | 7.92 | 1.271 | 0.93 | Bullish | Nov 01, 2020 | MSCI Turkey | -2.64% |
| United Arab Emirates | 1.60 | 4.60 | 11.75 | 6.20 | 1.895 | 1.1 | Bullish | May 31, 2020 | MSCI UAE | -6.59% |
| United Kingdom | -9.60 | 3.40 | 17.26 | -6.20 | -2.784 | 1.56 | Bearish | Jun 07, 2020 | MSCI UK | -19.02% |
| United States | -2.90 | 1.51 | 31.00 | -1.39 | -22.302 | 4.18 | Bullish | Nov 01, 2020 | MSCI USA USD | 13.70% |
| Vietnam | 2.62 | 1.24 | 20.43 | 3.86 | 5.293 | 3.28 | Bullish | Aug 02, 2020 | MSCI Vietnam | 3.76% |
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 36 | -3 | 37.2 | -5 | 13.1 | -2 | -0.8 | 0 | -1 | -1 | 30 | -1 | |
| Australia | 0.1 | 1 | 0.7 | 0 | 7 | 0 | 0.2 | 0 | 1 | 30 | -1 | ||
| Austria | 0 | 1 | 1.3 | 0 | 9.5 | -1 | 2.6 | 0 | 1 | 25 | 0 | ||
| Belgium | 0 | 1 | 0.51 | 0 | 5.1 | 0 | -1.2 | 0 | 29 | -1 | |||
| Brazil | 2 | 0 | 3.92 | -1 | 14.6 | -2 | -2.7 | -1 | -1 | -3 | 34 | -2 | |
| Canada | 0.25 | 1 | 0.7 | 0 | 8.5 | -1 | -2.1 | -1 | 1 | 26.5 | -1 | ||
| Chile | 0.5 | 1 | 3 | -1 | 12.3 | -2 | -3.9 | -1 | -1 | 27 | -1 | ||
| China | 3.85 | 0 | 0.5 | 0 | 5.3 | 0 | 1 | 0 | -1 | -1 | -2 | 25 | 0 |
| Colombia | 2 | 0 | 1.97 | 0 | 20.2 | -3 | -4.3 | -1 | -1 | -2 | 33 | -2 | |
| Czech Republic | 0.25 | 1 | 2.9 | -1 | 3.8 | 0 | -0.4 | 0 | -1 | -1 | 19 | 0 | |
| Denmark | -0.6 | -1 | 0.4 | 0 | 4.6 | 0 | 7.9 | 1 | 2 | 22 | 0 | ||
| Egypt | 8.25 | -1 | 4.5 | -2 | 7.3 | 0 | -3.6 | -1 | -3 | 22.5 | 0 | ||
| Finland | 0 | 1 | 0.6 | 0 | 7.7 | 0 | -0.8 | 0 | 1 | 20 | 0 | ||
| France | 0 | 1 | 0.2 | 0 | 9 | -1 | -0.7 | 0 | 28 | -1 | |||
| Germany | 0 | 1 | -0.3 | -2 | 4.5 | 0 | 7.1 | 1 | -1 | 1 | 30 | -1 | |
| Greece | 0 | 1 | -1.8 | -2 | 16.8 | -3 | -1.4 | 0 | -1 | -1 | 24 | 0 | |
| Hong Kong | 0.86 | 1 | -0.2 | -2 | 6.4 | 0 | 6.2 | 1 | 16.5 | 0 | |||
| Hungary | 0.6 | 1 | 3 | -1 | 4.3 | 0 | -0.8 | 0 | -1 | -1 | 9 | 2 | |
| India | 4 | 0 | 7.61 | -2 | 7 | 0 | -0.9 | 0 | -2 | 25.17 | -1 | ||
| Indonesia | 3.75 | 0 | 1.59 | 0 | 7.07 | 0 | -2.7 | -1 | -2 | 22 | 0 | ||
| Ireland | 0 | 1 | -1.5 | -2 | 7.5 | 0 | -9.4 | -2 | 12.5 | 1 | |||
| Israel | 0.1 | 1 | -0.8 | -2 | 4.7 | 0 | 2.4 | 0 | 23 | 0 | |||
| Italy | 0 | 1 | -0.2 | -2 | 9.8 | -1 | 3 | 0 | -1 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | -0.4 | -2 | 3.1 | 0 | 3.6 | 0 | -1 | 30.62 | -2 | ||
| Korea, South | 0.5 | 1 | 0.6 | 0 | 4.2 | 0 | 3.7 | 0 | -1 | 25 | 0 | ||
| Malaysia | 1.75 | 0 | -1.5 | -2 | 4.6 | 0 | 3.3 | 0 | -1 | -1 | 24 | 0 | |
| Mexico | 4.25 | 0 | 4.09 | -2 | 4.7 | 0 | -0.2 | 0 | -1 | 30 | -1 | ||
| Netherlands | 0 | 1 | 1.2 | 0 | 4.3 | 0 | 10.2 | 2 | 1 | 25 | 0 | ||
| New Zealand | 0.25 | 1 | 1.4 | 0 | 5.3 | 0 | -3.6 | -1 | 2 | 28 | -1 | ||
| Norway | 0 | 1 | 1.3 | 0 | 3.5 | 0 | 7.1 | 1 | 1 | 22 | 0 | ||
| Pakistan | 7 | -1 | 8.35 | -3 | 4.1 | 0 | -1.1 | 0 | -3 | 29 | -1 | ||
| Peru | 0.25 | 1 | 2.14 | -1 | 16.4 | -3 | -1.5 | 0 | -1 | -3 | 29.5 | -1 | |
| Philippines | 2 | 0 | 3.3 | -1 | 8.7 | -1 | 2.2 | 0 | -1 | -3 | 30 | -1 | |
| Poland | 0.1 | 1 | 3 | -1 | 6.1 | 0 | 0.5 | 0 | -1 | 19 | 0 | ||
| Portugal | 0 | 1 | -0.2 | -2 | 7.8 | 0 | -0.1 | 0 | 21 | 0 | |||
| Qatar | 2.5 | 0 | -2.39 | -4 | 0.1 | -1 | 2.3 | 0 | 10 | 1 | |||
| Russia | 4.25 | 0 | 4.4 | -2 | 6.3 | 0 | 3.9 | 0 | -1 | -4 | 20 | 0 | |
| Singapore | 0.08 | 1 | -0.2 | -2 | 3.6 | 0 | 16.9 | 2 | 1 | 17 | 0 | ||
| South Africa | 3.5 | 0 | 3.3 | -1 | 30.8 | -3 | -3 | -1 | -1 | -1 | 28 | -1 | |
| Spain | 0 | 1 | -0.8 | -2 | 16.25 | -3 | 2 | 0 | 25 | 0 | |||
| Sweden | 0 | 1 | 0.3 | 0 | 7.8 | 0 | 3.9 | 0 | 1 | 21.4 | 0 | ||
| Switzerland | -0.75 | -1 | -0.7 | -2 | 3.2 | 0 | 10.9 | 2 | 1 | 18 | 0 | ||
| Taiwan | 1.13 | 0 | -0.24 | -2 | 3.77 | 0 | 10.5 | 2 | 20 | 0 | |||
| Thailand | 0.5 | 1 | -0.41 | -2 | 2.09 | 0 | 6.8 | 1 | -1 | -3 | 20 | 0 | |
| Turkey | 15 | -2 | 14.03 | -3 | 13.2 | -2 | 1.2 | 0 | -1 | -2 | 22 | 0 | |
| United Arab Emirates | 1.5 | 0 | -2.18 | -4 | 2.64 | 0 | 7.4 | 1 | 0 | -1 | |||
| United Kingdom | 0.1 | 1 | 0.7 | 0 | 4.8 | 0 | -3.8 | -1 | 1 | 19 | 0 | ||
| United States | 0.25 | 1 | 1.2 | 0 | 6.7 | 0 | -2.3 | -1 | -1 | 21 | 0 | ||
| Vietnam | 4 | 0 | 1.48 | 0 | 2.73 | 0 | 5 | 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 | 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 | 89.4 | -1 | 2 | -1 | -1 | 0 | -3 | -21 | 70.00% | ||
| Australia | 100 | 2 | 45.1 | 0 | 1 | -1 | -1 | 0 | 0 | 0 | 2 | -5.00% | |
| Austria | 96 | 1 | 70.4 | 0 | 1 | -1 | 0 | 0 | -3 | -1 | 0.00% | ||
| Belgium | 86 | 0 | 98.6 | -1 | 1 | 0 | -1 | -4 | -5 | 20.00% | |||
| Brazil | 42 | -2 | 75.79 | 0 | 2 | -1 | -1 | 0 | -3 | -15 | 50.00% | ||
| Canada | 100 | 2 | 88.6 | -1 | 2 | 1 | -1 | -1 | 0 | 0 | -1 | 0 | 0.00% |
| Chile | 78 | -1 | 27.9 | 0 | 2 | -1 | -1 | 0 | -3 | -9 | 30.00% | ||
| China | 80 | -1 | 52.6 | 0 | 2 | -3 | -1 | -1 | 0 | 0 | -8 | 30.00% | |
| Colombia | 57 | -1 | 48.4 | 0 | 2 | -1 | -1 | -2 | -12 | 40.00% | |||
| Czech Republic | 83 | 0 | 30.8 | 0 | 1 | 0 | 0 | -4 | -5 | 20.00% | |||
| Denmark | 100 | 2 | 33.2 | 0 | 1 | 0 | -1 | -2 | 2 | -5.00% | |||
| Egypt | 30 | -3 | 90.2 | -1 | 2 | -1 | -1 | 0 | -11 | 40.00% | |||
| Finland | 96 | 1 | 59.4 | 0 | 1 | 0 | 0 | -1 | 3 | -10.00% | |||
| France | 92 | 0 | 98.1 | -1 | 1 | 1 | 0 | -1 | -3 | -4 | 10.00% | ||
| Germany | 100 | 2 | 59.8 | 0 | 1 | 0 | -1 | -2 | -1 | 0.00% | |||
| Greece | 37 | -3 | 177 | -2 | 2 | 1 | -1 | -1 | -1 | -11 | 40.00% | ||
| Hong Kong | 90 | 0 | 38.4 | 0 | 1 | 0 | -1 | 0 | 0 | 0.00% | |||
| Hungary | 58 | -1 | 66.3 | 0 | 2 | 0 | 0 | -2 | -1 | 0.00% | |||
| India | 56 | -1 | 69.62 | 0 | 2 | -2 | -1 | -1 | -1 | -1 | -10 | 40.00% | |
| Indonesia | 60 | -1 | 30.5 | 0 | 2 | -1 | -1 | -1 | -1 | 0 | -6 | 20.00% | |
| Ireland | 78 | -1 | 58.8 | 0 | 1 | 0 | -1 | -2 | -5 | 20.00% | |||
| Israel | 81 | 0 | 59.9 | 0 | 1 | -1 | -1 | -3 | -5 | 20.00% | |||
| Italy | 61 | -1 | 135 | -2 | 1 | -1 | 0 | -1 | -2 | -10 | 40.00% | ||
| Japan | 77 | -1 | 237 | -2 | 2 | -1 | -1 | -1 | 0 | -10 | 40.00% | ||
| Korea, South | 86 | 0 | 37.7 | 0 | 2 | -1 | -1 | -1 | 0 | 0 | -1 | 0.00% | |
| Malaysia | 70 | -1 | 52.5 | 0 | 1 | -1 | -1 | -1 | 0 | -7 | 30.00% | ||
| Mexico | 60 | -1 | 45.5 | 0 | 2 | -1 | -1 | 0 | 0 | -1 | -6 | 20.00% | |
| Netherlands | 98 | 1 | 48.6 | 0 | 1 | 1 | 0 | 0 | -3 | 4 | -10.00% | ||
| New Zealand | 93 | 0 | 19 | 1 | 1 | -1 | 0 | 0 | 0 | 2 | -5.00% | ||
| Norway | 99 | 1 | 41.5 | 0 | 1 | 0 | 0 | -1 | 4 | -10.00% | |||
| Pakistan | 25 | -3 | 84.8 | -1 | 1 | -1 | -1 | 0 | -13 | 50.00% | |||
| Peru | 65 | -1 | 27.5 | 0 | 2 | 1 | 0 | -1 | -3 | -10 | 40.00% | ||
| Philippines | 61 | -1 | 41.5 | 0 | 2 | -1 | -1 | -1 | -1 | -10 | 40.00% | ||
| Poland | 71 | -1 | 46 | 0 | 2 | 0 | 0 | -2 | -2 | 0.00% | |||
| Portugal | 71 | -1 | 117 | -2 | 1 | 0 | 0 | -3 | -6 | 20.00% | |||
| Qatar | 85 | 0 | 65.8 | 0 | 2 | 0 | 0 | -4 | -6 | 20.00% | |||
| Russia | 55 | -1 | 12.2 | 1 | 2 | -1 | -1 | -2 | -1 | -2 | -12 | 40.00% | |
| Singapore | 98 | 1 | 126 | -2 | 2 | 1 | -1 | -1 | -1 | 1 | -5.00% | ||
| South Africa | 45 | -2 | 62.2 | 0 | 2 | 0 | 0 | -1 | -9 | 30.00% | |||
| Spain | 71 | -1 | 95.5 | -1 | 1 | -1 | -1 | -3 | -10 | 40.00% | |||
| Sweden | 99 | 1 | 35.1 | 0 | 1 | 0 | 0 | -2 | 2 | -5.00% | |||
| Switzerland | 100 | 2 | 41 | 0 | 2 | 0 | 0 | -3 | 1 | -5.00% | |||
| Taiwan | 83 | 0 | 28.2 | 0 | 2 | -1 | 0 | 0 | 1 | -5.00% | |||
| Thailand | 65 | -1 | 41.8 | 0 | 2 | -1 | -1 | 0 | -5 | 20.00% | |||
| Turkey | 36 | -3 | 33.1 | 0 | 2 | -1 | -1 | -2 | -1 | -1 | -17 | 60.00% | |
| United Arab Emirates | 90 | 0 | 18.6 | 1 | 2 | 0 | 0 | -2 | -3 | 10.00% | |||
| United Kingdom | 90 | 0 | 80.7 | -1 | 2 | -1 | -1 | -1 | -2 | -3 | 10.00% | ||
| United States | 98 | 1 | 107 | -2 | 1 | -3 | 0 | -1 | -3 | -8 | 30.00% | ||
| Vietnam | 43 | -2 | 57.5 | 0 | 2 | -1 | 0 | 0 | -2 | 0.00% | |||
Notes
(a) All factors are COVID-19 by infection rate
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Nov 30 2018 |
|---|---|---|---|
| Pakistan | 0.78 | Bullish | -10.15% |
| Austria | 0.93 | Bullish | -21.58% |
| Turkey | 0.93 | Bullish | -2.64% |
| Russia | 0.97 | Bullish | -21.15% |
| Colombia | 1.04 | Bullish | -38.31% |
| Czech Republic | 1.08 | Bullish | -19.08% |
| Poland | 1.1 | Bullish | -18.17% |
| Singapore | 1.1 | Bullish | -14.68% |
| United Arab Emirates | 1.1 | Bullish | -6.59% |
| Hungary | 1.14 | Bullish | -19.31% |
| Korea, South | 1.18 | Bullish | 24.10% |
| Italy | 1.19 | Bullish | -10.67% |
| Hong Kong SAR | 1.21 | Bullish | -4.48% |
| Spain | 1.29 | Bullish | -15.30% |
| Chile | 1.32 | Bullish | -18.41% |
| Japan | 1.41 | Bullish | 9.95% |
| United Kingdom | 1.56 | Bearish | -19.02% |
| Argentina | 1.66 | Bearish | 2.25% |
| Germany | 1.67 | Bullish | -4.55% |
| Malaysia | 1.68 | Bullish | -0.42% |
| Israel | 1.72 | Bullish | 5.41% |
| France | 1.73 | Bullish | -7.41% |
| Norway | 1.73 | Bullish | -9.64% |
| Thailand | 1.75 | Bullish | -14.61% |
| Belgium | 1.77 | Bullish | -18.25% |
| Egypt | 1.78 | Bearish | -25.33% |
| Philippines | 1.82 | Bullish | -13.17% |
| Canada | 1.89 | Bullish | 1.48% |
| South Africa | 1.9 | Bullish | -12.53% |
| Mexico | 1.91 | Bullish | -9.83% |
| Qatar | 1.92 | Bearish | -7.79% |
| Peru | 2.07 | Bullish | -17.78% |
| Australia | 2.12 | Bullish | 2.56% |
| China | 2.15 | Bullish | 23.05% |
| Brazil | 2.18 | Bullish | -30.39% |
| Ireland | 2.2 | Bullish | 1.12% |
| Portugal | 2.24 | Bullish | -5.84% |
| Netherlands | 2.28 | Bullish | 8.07% |
| Indonesia | 2.29 | Bullish | -13.00% |
| Sweden | 2.3 | Bullish | 6.33% |
| Finland | 2.4 | Bullish | 6.03% |
| Taiwan | 2.42 | Bullish | 27.61% |
| Greece | 2.65 | Bullish | -36.51% |
| India | 2.91 | Bearish | 4.73% |
| Switzerland | 3.14 | Bullish | -3.38% |
| Vietnam | 3.28 | Bullish | 3.76% |
| United States | 4.18 | Bullish | 13.70% |
| New Zealand | 4.39 | Bearish | 12.24% |
| Denmark | 5.1 | Bullish | 24.12% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Nov 30 2020 |
|---|---|---|---|
| Indonesia | -69.821 | Bullish | -13.00% |
| Portugal | -42.250 | Bullish | -5.84% |
| Israel | -41.014 | Bullish | 5.41% |
| Czech Republic | -29.909 | Bullish | -19.08% |
| Hong Kong SAR | -26.911 | Bullish | -4.48% |
| Australia | -26.681 | Bullish | 2.56% |
| United States | -22.302 | Bullish | 13.70% |
| Poland | -20.257 | Bullish | -18.17% |
| Brazil | -19.947 | Bullish | -30.39% |
| Netherlands | -18.348 | Bullish | 8.07% |
| Germany | -17.934 | Bullish | -4.55% |
| Peru | -15.644 | Bullish | -17.78% |
| France | -15.572 | Bullish | -7.41% |
| Belgium | -12.376 | Bullish | -18.25% |
| Sweden | -11.210 | Bullish | 6.33% |
| Canada | -11.091 | Bullish | 1.48% |
| Denmark | -10.796 | Bullish | 24.12% |
| Italy | -10.535 | Bullish | -10.67% |
| Singapore | -9.105 | Bullish | -14.68% |
| Qatar | -6.921 | Bearish | -7.79% |
| Thailand | -6.862 | Bullish | -14.61% |
| Japan | -6.813 | Bullish | 9.95% |
| Austria | -5.583 | Bullish | -21.58% |
| India | -4.922 | Bearish | 4.73% |
| Colombia | -4.028 | Bullish | -38.31% |
| Mexico | -3.754 | Bullish | -9.83% |
| Chile | -3.605 | Bullish | -18.41% |
| New Zealand | -3.563 | Bearish | 12.24% |
| Spain | -3.094 | Bullish | -15.30% |
| Hungary | -2.964 | Bullish | -19.31% |
| United Kingdom | -2.784 | Bearish | -19.02% |
| Greece | -2.222 | Bullish | -36.51% |
| Philippines | -2.018 | Bullish | -13.17% |
| South Africa | -1.293 | Bullish | -12.53% |
| Argentina | -0.949 | Bearish | 2.25% |
| Pakistan | 0.700 | Bullish | -10.15% |
| Egypt | 0.886 | Bearish | -25.33% |
| Turkey | 1.271 | Bullish | -2.64% |
| United Arab Emirates | 1.895 | Bullish | -6.59% |
| Taiwan | 2.936 | Bullish | 27.61% |
| China | 2.977 | Bullish | 23.05% |
| Ireland | 3.294 | Bullish | 1.12% |
| Russia | 4.573 | Bullish | -21.15% |
| Vietnam | 5.293 | Bullish | 3.76% |
| Norway | 13.084 | Bullish | -9.64% |
| Switzerland | 16.535 | Bullish | -3.38% |
| Korea, South | 29.229 | Bullish | 24.10% |
| Malaysia | 256.000 | Bullish | -0.42% |
| Finland | 267.571 | Bullish | 6.03% |
| 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 2020 |
|---|---|---|---|---|---|---|---|
| Indonesia | -69.821 | 20.00% | -13.96 | -83.786 | Bullish | Oct 04, 2020 | -13.00% |
| Portugal | -42.250 | 20.00% | -8.45 | -50.700 | Bullish | Nov 08, 2020 | -5.84% |
| Israel | -41.014 | 20.00% | -8.20 | -49.216 | Bullish | Nov 01, 2020 | 5.41% |
| Czech Republic | -29.909 | 20.00% | -5.98 | -35.891 | Bullish | Aug 02, 2020 | -19.08% |
| Brazil | -19.947 | 50.00% | -9.97 | -29.921 | Bullish | Nov 01, 2020 | -30.39% |
| United States | -22.302 | 30.00% | -6.69 | -28.993 | Bullish | Nov 01, 2020 | 13.70% |
| Hong Kong SAR | -26.911 | 0.00% | 0.00 | -26.911 | Bullish | May 31, 2020 | -4.48% |
| Australia | -26.681 | -5.00% | 1.33 | -25.347 | Bullish | Nov 01, 2020 | 2.56% |
| Peru | -15.644 | 40.00% | -6.26 | -21.901 | Bullish | Nov 01, 2020 | -17.78% |
| Poland | -20.257 | 0.00% | 0.00 | -20.257 | Bullish | Nov 01, 2020 | -18.17% |
| Germany | -17.934 | 0.00% | 0.00 | -17.934 | Bullish | Nov 01, 2020 | -4.55% |
| France | -15.572 | 10.00% | -1.56 | -17.129 | Bullish | Nov 01, 2020 | -7.41% |
| Netherlands | -18.348 | -10.00% | 1.83 | -16.513 | Bullish | Mar 22, 2020 | 8.07% |
| Belgium | -12.376 | 20.00% | -2.48 | -14.851 | Bullish | Nov 01, 2020 | -18.25% |
| Italy | -10.535 | 40.00% | -4.21 | -14.749 | Bullish | Nov 01, 2020 | -10.67% |
| Canada | -11.091 | 0.00% | 0.00 | -11.091 | Bullish | Nov 01, 2020 | 1.48% |
| Sweden | -11.210 | -5.00% | 0.56 | -10.650 | Bullish | Nov 01, 2020 | 6.33% |
| Denmark | -10.796 | -5.00% | 0.54 | -10.257 | Bullish | Mar 22, 2020 | 24.12% |
| Japan | -6.813 | 40.00% | -2.73 | -9.539 | Bullish | Aug 09, 2020 | 9.95% |
| Singapore | -9.105 | -5.00% | 0.46 | -8.650 | Bullish | Nov 01, 2020 | -14.68% |
| Qatar | -6.921 | 20.00% | -1.38 | -8.305 | Bearish | Apr 12, 2020 | -7.79% |
| Thailand | -6.862 | 20.00% | -1.37 | -8.235 | Bullish | Oct 04, 2020 | -14.61% |
| India | -4.922 | 40.00% | -1.97 | -6.890 | Bearish | Sep 20, 2020 | 4.73% |
| Colombia | -4.028 | 40.00% | -1.61 | -5.639 | Bullish | Nov 01, 2020 | -38.31% |
| Austria | -5.583 | 0.00% | 0.00 | -5.583 | Bullish | Nov 01, 2020 | -21.58% |
| Chile | -3.605 | 30.00% | -1.08 | -4.687 | Bullish | Nov 01, 2020 | -18.41% |
| Mexico | -3.754 | 20.00% | -0.75 | -4.505 | Bullish | Nov 01, 2020 | -9.83% |
| Spain | -3.094 | 40.00% | -1.24 | -4.332 | Bullish | Nov 01, 2020 | -15.30% |
| New Zealand | -3.563 | -5.00% | 0.18 | -3.385 | Bearish | Aug 30, 2020 | 12.24% |
| Greece | -2.222 | 40.00% | -0.89 | -3.110 | Bullish | Nov 01, 2020 | -36.51% |
| United Kingdom | -2.784 | 10.00% | -0.28 | -3.062 | Bearish | Jun 07, 2020 | -19.02% |
| Hungary | -2.964 | 0.00% | 0.00 | -2.964 | Bullish | Sep 27, 2020 | -19.31% |
| Philippines | -2.018 | 40.00% | -0.81 | -2.826 | Bullish | Nov 29, 2020 | -13.17% |
| South Africa | -1.293 | 30.00% | -0.39 | -1.681 | Bullish | Nov 01, 2020 | -12.53% |
| Argentina | -0.949 | 70.00% | -0.66 | -1.613 | Bearish | Nov 08, 2020 | 2.25% |
| Pakistan | 0.700 | 50.00% | 0.35 | 1.050 | Bullish | Jun 28, 2020 | -10.15% |
| Egypt | 0.886 | 40.00% | 0.35 | 1.241 | Bearish | Jul 12, 2020 | -25.33% |
| Turkey | 1.271 | 60.00% | 0.76 | 2.034 | Bullish | Nov 01, 2020 | -2.64% |
| United Arab Emirates | 1.895 | 10.00% | 0.19 | 2.085 | Bullish | May 31, 2020 | -6.59% |
| Taiwan | 2.936 | -5.00% | -0.15 | 2.789 | Bullish | Oct 04, 2020 | 27.61% |
| China | 2.977 | 30.00% | 0.89 | 3.870 | Bullish | Aug 23, 2020 | 23.05% |
| Ireland | 3.294 | 20.00% | 0.66 | 3.953 | Bullish | Oct 04, 2020 | 1.12% |
| Vietnam | 5.293 | 0.00% | 0.00 | 5.293 | Bullish | Aug 02, 2020 | 3.76% |
| Russia | 4.573 | 40.00% | 1.83 | 6.402 | Bullish | Nov 01, 2020 | -21.15% |
| Norway | 13.084 | -10.00% | -1.31 | 11.776 | Bullish | Nov 08, 2020 | -9.64% |
| Switzerland | 16.535 | -5.00% | -0.83 | 15.708 | Bullish | Jun 14, 2020 | -3.38% |
| Korea, South | 29.229 | 0.00% | 0.00 | 29.229 | Bullish | Nov 01, 2020 | 24.10% |
| Finland | 267.571 | -10.00% | -26.76 | 240.814 | Bullish | Nov 01, 2020 | 6.03% |
| Malaysia | 256.000 | 30.00% | 76.80 | 332.800 | Bullish | Mar 22, 2020 | -0.42% |
Country Value and Growth August 31, 2020
| Country | 2020 GDP Annual Growth Rate Change | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Aug 31 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -5.40 | 1.06 | 110.45 | -4.34 | -25.449 | 1.37 | Bullish | Apr 26, 2020 | MSCI Argentina | -3.21% |
| Australia | -6.30 | 3.44 | 18.34 | -2.86 | -6.413 | 1.91 | Bearish | Jun 07, 2020 | MSCI Australia USD | -5.06% |
| Austria | -12.50 | 0.55 | 9.81 | -11.95 | -0.821 | 0.76 | Bullish | Aug 02, 2020 | MSCI Austria | -33.65% |
| Belgium | -14.40 | 2.18 | 21.56 | -12.22 | -1.764 | 1.53 | Bearish | Jun 07, 2020 | MSCI Belgium | -25.77% |
| Brazil | -11.40 | 2.86 | 20.08 | -8.54 | -2.351 | 2 | Bearish | Aug 02, 2020 | MSCI Brazil Net USD | -37.87% |
| Canada | -13.00 | 3.19 | 21.79 | -9.81 | -2.221 | 1.81 | Bearish | Jun 07, 2020 | MSCI Canada Net USD | -2.99% |
| Chile | -14.10 | 3.94 | 15.45 | -10.16 | -1.521 | 1.17 | Bearish | Aug 02, 2020 | MSCI Chile Net USD | -25.58% |
| China | 3.20 | 1.60 | 18.17 | 4.80 | 3.785 | 2.11 | Bullish | Aug 23, 2020 | MSCI China Net USD | 16.91% |
| Colombia | -15.70 | 4.78 | 12.86 | -10.92 | -1.178 | 1.06 | Bullish | Jun 28, 2020 | MSCI Colombia | -42.70% |
| Czech Republic | -11.00 | 5.06 | 8.68 | -5.94 | -1.461 | 1 | Bullish | Aug 02, 2020 | MSCI Czech Republic | -25.29% |
| Denmark | -8.20 | 1.42 | 27.38 | -6.78 | -4.038 | 4.83 | Bullish | Mar 22, 2020 | MSCI Denmark | -12.25% |
| Egypt | 5.00 | 2.98 | 8.14 | 7.98 | 1.020 | 1.93 | Bearish | Jul 12, 2020 | MSCI Egypt | -19.47% |
| Finland | -6.40 | 2.74 | 18.94 | -3.66 | -5.175 | 2.34 | Bearish | Jun 07, 2020 | MSCI Finland | 2.74% |
| France | -18.90 | 2.10 | 18.26 | -16.80 | -1.087 | 1.51 | Bearish | Jun 07, 2020 | MSCI France | -16.99% |
| Germany | -11.30 | 2.54 | 22.25 | -8.76 | -2.540 | 1.64 | Bearish | Jun 07, 2020 | MSCI Germany | -6.23% |
| Greece | -15.20 | 4.54 | 15.01 | -10.66 | -1.408 | 2.42 | Bearish | Jul 05, 2020 | MSCI Greece | -39.83% |
| Hong Kong SAR | -9.00 | 3.10 | 16.65 | -5.90 | -2.822 | 1.23 | Bullish | Apr 05, 2020 | MSCI Hong Kong | -13.82% |
| Hungary | -13.60 | 0.22 | 11.47 | -13.38 | -0.857 | 1.01 | Bullish | Mar 22, 2020 | MSCI Hungary | -29.03% |
| India | -23.90 | 1.13 | 26.05 | -22.77 | -1.144 | 2.89 | Bullish | May 24, 2020 | MSCI India Net USD | -5.25% |
| Indonesia | -5.32 | 3.45 | 15.04 | -1.87 | -8.043 | 2.23 | Bearish | Jun 07, 2020 | MSCI Indonesia USD | -19.84% |
| Ireland | -5.10 | 0.76 | 27.25 | -4.34 | -6.279 | 2.12 | Bearish | Aug 30, 2020 | MSCI Ireland | -6.18% |
| Israel | -7.80 | 0.78 | 23.39 | -7.02 | -3.332 | 1.61 | Bearish | Aug 30, 2020 | MSCI Israel | 5.49% |
| Italy | -17.70 | 2.96 | 20.56 | -14.74 | -1.395 | 1.08 | Bearish | Jun 07, 2020 | MSCI Italy | -19.68% |
| Japan | -9.90 | 2.27 | 21.46 | -7.63 | -2.813 | 1.31 | Bearish | Jul 26, 2020 | MSCI Japan USD | -1.64% |
| Korea, South | -2.70 | 2.07 | 19.33 | -0.63 | -30.683 | 1.03 | Bearish | Aug 16, 2020 | MSCI Korea USD | 1.48% |
| Malaysia | -17.10 | 3.48 | 19.71 | -13.62 | -1.447 | 1.56 | Bullish | Mar 22, 2020 | MSCI Malaysia USD | -4.25% |
| Mexico | -18.70 | 2.74 | 21.37 | -15.96 | -1.339 | 1.66 | Bullish | Aug 09, 2020 | MSCI Mexico USD | -27.50% |
| Netherlands | -9.30 | 1.50 | 21.19 | -7.80 | -2.717 | 2.33 | Bullish | Mar 22, 2020 | MSCI Netherlands | -1.47% |
| New Zealand | -0.20 | 1.63 | 31.60 | 1.43 | 22.098 | 4.24 | Bearish | Aug 30, 2020 | MSCI New Zealand | 19.37% |
| Norway | -4.70 | 2.79 | 40.42 | -1.91 | -21.162 | 1.62 | Bearish | Aug 30, 2020 | MSCI Norway | -13.39% |
| Pakistan | 1.91 | 5.85 | 6.13 | 7.76 | 0.790 | 0.84 | Bullish | Jun 28, 2020 | MSCI Pakistan Net USD | -12.94% |
| Peru | -30.20 | 4.37 | 39.04 | -25.83 | -1.511 | 1.85 | Bearish | Jun 07, 2020 | MSCI Peru | -26.54% |
| Philippines | -16.50 | 1.96 | 15.29 | -14.54 | -1.052 | 1.61 | Bullish | Apr 26, 2020 | MSCI Philippines | -23.97% |
| Poland | -8.20 | 0.61 | 14.80 | -7.59 | -1.950 | 1 | Bearish | Jun 07, 2020 | MSCI Poland USD | -19.23% |
| Portugal | -16.30 | 4.71 | 29.83 | -11.59 | -2.574 | 2.01 | Bearish | Jun 07, 2020 | MSCI Portugal | -9.57% |
| Qatar | 0.90 | 3.89 | 14.66 | 4.79 | 3.061 | 1.94 | Bearish | Apr 12, 2020 | MSCI Qatar | -9.16% |
| Russia | -8.50 | 6.44 | 8.88 | -2.06 | -4.311 | 0.83 | Bearish | Aug 16, 2020 | MSCI Russia USD | -22.89% |
| Singapore | -13.20 | 4.66 | 12.63 | -8.54 | -1.479 | 1 | Bullish | Apr 05, 2020 | MSCI Singapore | -22.31% |
| South Africa | -0.10 | 2.24 | 17.10 | 2.14 | 7.991 | 1.93 | Bearish | Aug 30, 2020 | MSCI South Africa USD | -20.62% |
| Spain | -22.10 | 4.79 | 13.77 | -17.31 | -0.795 | 1.07 | Bearish | Jun 07, 2020 | MSCI Spain | -27.70% |
| Sweden | -7.70 | 0.78 | 15.41 | -6.92 | -2.227 | 2.2 | Bearish | Jun 07, 2020 | MSCI Sweden | -2.22% |
| Switzerland | -9.30 | 2.85 | 19.37 | -6.45 | -3.003 | 2.97 | Bullish | Jun 14, 2020 | MSCI Switzerland | -5.33% |
| Taiwan | -0.58 | 3.25 | 19.05 | 2.67 | 7.135 | 2.26 | Bullish | Mar 22, 2020 | MSCI Taiwan USD | 12.20% |
| Thailand | -12.20 | 3.35 | 20.66 | -8.85 | -2.334 | 1.66 | Bullish | Apr 05, 2020 | MSCI Thailand USD | -22.66% |
| Turkey | -9.90 | 1.52 | 8.78 | -8.38 | -1.048 | 0.84 | Bearish | Jul 26, 2020 | MSCI Turkey | -15.59% |
| United Arab Emirates | 1.60 | 5.22 | 10.40 | 6.82 | 1.525 | 1.03 | Bullish | May 31, 2020 | MSCI UAE | -15.06% |
| United Kingdom | -21.70 | 3.77 | 12.08 | -17.93 | -0.674 | 1.41 | Bearish | Jun 07, 2020 | MSCI UK | -22.90% |
| United States | -9.10 | 1.56 | 29.62 | -7.54 | -3.928 | 4.11 | Bullish | Jun 28, 2020 | MSCI USA USD | 9.11% |
| Vietnam | 0.36 | 1.31 | 17.21 | 1.67 | 10.305 | 2.93 | Bullish | Aug 02, 2020 | MSCI Vietnam | -10.16% |
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 38 | -3 | 40.6 | -5 | 10.4 | -1 | -0.8 | 0 | -1 | -1 | 30 | -1 | |
| Australia | 0.25 | 1 | -0.3 | -2 | 7.5 | 0 | 0.2 | 0 | 1 | 30 | -1 | ||
| Austria | 0 | 1 | 1.7 | 0 | 9 | -1 | 2.6 | 0 | 1 | 25 | 0 | ||
| Belgium | 0 | 1 | 0.82 | 0 | 5.5 | 0 | -1.2 | 0 | 29 | -1 | |||
| Brazil | 2 | 0 | 2.31 | -1 | 13.3 | -2 | -2.7 | -1 | -1 | -3 | 34 | -2 | |
| Canada | 0.25 | 1 | 0.1 | 0 | 10.2 | -1 | -2.1 | -1 | 1 | 26.5 | -1 | ||
| Chile | 0.5 | 1 | 2.5 | -1 | 13.1 | -2 | -3.9 | -1 | -1 | 27 | -1 | ||
| China | 3.85 | 0 | 2.7 | -1 | 5.7 | 0 | 1 | 0 | -1 | -1 | -2 | 25 | 0 |
| Colombia | 2 | 0 | 1.97 | 0 | 20.2 | -3 | -4.3 | -1 | -1 | -2 | 33 | -2 | |
| Czech Republic | 0.25 | 1 | 3.4 | -1 | 3.8 | 0 | -0.4 | 0 | -1 | -1 | 19 | 0 | |
| Denmark | -0.6 | -1 | 0.5 | 0 | 5.2 | 0 | 7.9 | 1 | 2 | 22 | 0 | ||
| Egypt | 9.25 | -1 | 4.2 | -2 | 9.6 | -1 | -3.6 | -1 | -3 | 22.5 | 0 | ||
| Finland | 0 | 1 | 0.6 | 0 | 7.7 | 0 | -0.8 | 0 | 1 | 20 | 0 | ||
| France | 0 | 1 | 0.2 | 0 | 7.1 | 0 | -0.7 | 0 | 33.3 | -2 | |||
| Germany | 0 | 1 | 0 | 0 | 4.4 | 0 | 7.1 | 1 | -1 | 1 | 30 | -1 | |
| Greece | 0 | 1 | -1.8 | -2 | 17 | -3 | -1.4 | 0 | -1 | -1 | 24 | 0 | |
| Hong Kong | 0.86 | 1 | -2.3 | -4 | 6.1 | 0 | 6.2 | 1 | 16.5 | 0 | |||
| Hungary | 0.6 | 1 | 3.8 | -1 | 4.8 | 0 | -0.8 | 0 | -1 | -1 | 9 | 2 | |
| India | 4 | 0 | 6.93 | -2 | 11 | -1 | -0.9 | 0 | -2 | 25.17 | -1 | ||
| Indonesia | 4 | 0 | 1.32 | 0 | 4.99 | 0 | -2.7 | -1 | -2 | 22 | 0 | ||
| Ireland | 0 | 1 | -0.4 | -2 | 5 | 0 | -9.4 | -2 | 12.5 | 1 | |||
| Israel | 0.1 | 1 | -0.6 | -2 | 4.6 | 0 | 2.4 | 0 | 23 | 0 | |||
| Italy | 0 | 1 | -0.5 | -2 | 9.7 | -1 | 3 | 0 | -1 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | 0.3 | 0 | 2.9 | 0 | 3.6 | 0 | -1 | 30.62 | -2 | ||
| Korea, South | 0.5 | 1 | 0.7 | 0 | 4.2 | 0 | 3.7 | 0 | -1 | 25 | 0 | ||
| Malaysia | 1.75 | 0 | -1.3 | -2 | 4.9 | 0 | 3.3 | 0 | -1 | -1 | 24 | 0 | |
| Mexico | 4.5 | 0 | 3.62 | -1 | 2.9 | 0 | -0.2 | 0 | -1 | 30 | -1 | ||
| Netherlands | 0 | 1 | 1.7 | 0 | 4.5 | 0 | 10.2 | 2 | 1 | 25 | 0 | ||
| New Zealand | 0.25 | 1 | 1.5 | 0 | 4 | 0 | -3.6 | -1 | 2 | 28 | -1 | ||
| Norway | 0 | 1 | 1.3 | 0 | 3.5 | 0 | 7.1 | 1 | 1 | 22 | 0 | ||
| Pakistan | 7 | -1 | 8.21 | -3 | 4.1 | 0 | -4.8 | -1 | -3 | 29 | -1 | ||
| Peru | 0.25 | 1 | 1.69 | 0 | 16.4 | -3 | -1.5 | 0 | -1 | -3 | 29.5 | -1 | |
| Philippines | 2.25 | 0 | 2.4 | -1 | 10 | -1 | 2.2 | 0 | -1 | -3 | 30 | -1 | |
| Poland | 0.1 | 1 | 2.9 | -1 | 6.1 | 0 | 0.5 | 0 | -1 | 19 | 0 | ||
| Portugal | 0 | 1 | 0 | 0 | 5.6 | 0 | -0.1 | 0 | 21 | 0 | |||
| Qatar | 2.5 | 0 | -3.41 | -4 | 0.1 | -1 | 2.3 | 0 | 10 | 1 | |||
| Russia | 4.25 | 0 | 3.6 | -1 | 6.3 | 0 | 3.9 | 0 | -1 | -4 | 20 | 0 | |
| Singapore | 1.26 | 0 | 0 | 0 | 2.4 | 0 | 16.9 | 2 | 1 | 17 | 0 | ||
| South Africa | 3.5 | 0 | 3.2 | -1 | 30.1 | -3 | -3 | -1 | -1 | -1 | 28 | -1 | |
| Spain | 0 | 1 | -0.5 | -2 | 15.33 | -2 | 2 | 0 | 25 | 0 | |||
| Sweden | 0 | 1 | 0.6 | 0 | 7.1 | 0 | 3.9 | 0 | 1 | 21.4 | 0 | ||
| Switzerland | -0.75 | -1 | -0.9 | -2 | 3.2 | 0 | 10.2 | 2 | 1 | 18 | 0 | ||
| Taiwan | 1.13 | 0 | -0.52 | -2 | 3.9 | 0 | 10.5 | 2 | 20 | 0 | |||
| Thailand | 0.5 | 1 | -0.5 | -2 | 1 | 0 | 6.8 | 1 | -1 | -3 | 20 | 0 | |
| Turkey | 8.25 | -1 | 11.77 | -3 | 12.9 | -2 | 1.2 | 0 | -1 | -2 | 22 | 0 | |
| United Arab Emirates | 1.5 | 0 | -2.4 | -4 | 2.64 | 0 | 7.4 | 1 | 0 | -1 | |||
| United Kingdom | 0.1 | 1 | 1 | 0 | 3.9 | 0 | -3.8 | -1 | 1 | 19 | 0 | ||
| United States | 0.25 | 1 | 1 | 0 | 8.4 | -1 | -2.3 | -1 | -1 | 21 | 0 | ||
| Vietnam | 4.5 | 0 | 3.18 | -1 | 2.73 | 0 | 5 | 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 | 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 | 10 | -4 | 89.4 | -1 | 1 | -1 | -1 | 0 | -2 | -20 | 70.00% | ||
| Australia | 100 | 2 | 45.1 | 0 | 1 | -1 | -1 | 0 | 0 | -1 | -1 | 0.00% | |
| Austria | 96 | 1 | 70.4 | 0 | 1 | -1 | 0 | 0 | -1 | 1 | -5.00% | ||
| Belgium | 86 | 0 | 98.6 | -1 | 1 | 0 | -1 | -1 | -2 | 0.00% | |||
| Brazil | 42 | -2 | 75.79 | 0 | 2 | -1 | -1 | 0 | -2 | -14 | 50.00% | ||
| Canada | 100 | 2 | 89.7 | -1 | 2 | 1 | -1 | -1 | 0 | 0 | -1 | 0 | 0.00% |
| Chile | 78 | -1 | 27.9 | 0 | 2 | 1 | -1 | -1 | 0 | -1 | -6 | 20.00% | |
| China | 80 | -1 | 50.5 | 0 | 2 | -3 | -1 | -1 | 0 | -9 | 30.00% | ||
| Colombia | 57 | -1 | 48.4 | 0 | 2 | -1 | -1 | -2 | -12 | 40.00% | |||
| Czech Republic | 83 | 0 | 30.8 | 0 | 1 | 0 | 0 | -1 | -2 | 0.00% | |||
| Denmark | 100 | 2 | 33.2 | 0 | 1 | 0 | -1 | -1 | 3 | -10.00% | |||
| Egypt | 30 | -3 | 90 | -1 | 2 | -1 | -1 | -1 | -13 | 50.00% | |||
| Finland | 96 | 1 | 59.4 | 0 | 1 | 0 | 0 | 4 | -10.00% | ||||
| France | 96 | 1 | 98.1 | -1 | 1 | 1 | 0 | -1 | -1 | -1 | 0.00% | ||
| Germany | 100 | 2 | 59.8 | 0 | 1 | 0 | -1 | -1 | 2 | -5.00% | |||
| Greece | 37 | -3 | 177 | -2 | 2 | 1 | -1 | -1 | -1 | -11 | 40.00% | ||
| Hong Kong | 90 | 0 | 38.4 | 0 | 1 | 0 | -1 | -2 | 0.00% | ||||
| Hungary | 58 | -1 | 66.3 | 0 | 2 | 0 | 0 | -1 | 0 | 0.00% | |||
| India | 56 | -1 | 69.62 | 0 | 2 | -2 | -1 | -1 | -1 | -3 | -13 | 50.00% | |
| Indonesia | 60 | -1 | 29.8 | 0 | 2 | -1 | -1 | -1 | -1 | -1 | -7 | 30.00% | |
| Ireland | 78 | -1 | 58.8 | 0 | 1 | 0 | -1 | -1 | -4 | 10.00% | |||
| Israel | 81 | 0 | 59.9 | 0 | 1 | -1 | -1 | -1 | -3 | 10.00% | |||
| Italy | 61 | -1 | 135 | -2 | 1 | -1 | 0 | -1 | -1 | -9 | 30.00% | ||
| Japan | 77 | -1 | 237 | -2 | 2 | -1 | -1 | -1 | -1 | -9 | 30.00% | ||
| Korea, South | 86 | 0 | 36.6 | 0 | 2 | -1 | -1 | -1 | 0 | -1 | -2 | 0.00% | |
| Malaysia | 70 | -1 | 51.8 | 0 | 1 | -1 | -1 | -1 | -7 | 30.00% | |||
| Mexico | 60 | -1 | 45.5 | 0 | 2 | -1 | -1 | 0 | 0 | -1 | -5 | 20.00% | |
| Netherlands | 100 | 2 | 48.6 | 0 | 1 | 1 | 0 | 0 | -1 | 7 | -20.00% | ||
| New Zealand | 93 | 0 | 19 | 1 | 1 | -1 | 0 | 0 | 2 | -5.00% | |||
| Norway | 99 | 1 | 41.5 | 0 | 1 | 0 | 0 | 5 | -15.00% | ||||
| Pakistan | 25 | -3 | 84.8 | -1 | 2 | -1 | -1 | -1 | -14 | 50.00% | |||
| Peru | 65 | -1 | 27.5 | 0 | 2 | 1 | 0 | -1 | -1 | -7 | 30.00% | ||
| Philippines | 61 | -1 | 41.5 | 0 | 2 | -1 | -1 | -1 | -1 | -10 | 40.00% | ||
| Poland | 71 | -1 | 46 | 0 | 2 | 0 | 0 | -1 | -1 | 0.00% | |||
| Portugal | 71 | -1 | 118 | -2 | 1 | 0 | 0 | -1 | -2 | 0.00% | |||
| Qatar | 85 | 0 | 65.8 | 0 | 2 | 0 | 0 | -1 | -3 | 10.00% | |||
| Russia | 55 | -1 | 12.2 | 1 | 2 | -1 | -1 | -2 | -1 | -1 | -10 | 40.00% | |
| Singapore | 98 | 1 | 126 | -2 | 2 | 1 | -1 | -1 | 3 | -10.00% | |||
| South Africa | 46 | -2 | 62.2 | 0 | 2 | 0 | 0 | -1 | -9 | 30.00% | |||
| Spain | 71 | -1 | 95.5 | -1 | 1 | -1 | -1 | -2 | -8 | 30.00% | |||
| Sweden | 99 | 1 | 35.1 | 0 | 1 | 0 | 0 | -1 | 3 | -10.00% | |||
| Switzerland | 100 | 2 | 41 | 0 | 2 | 0 | 0 | -1 | 3 | -10.00% | |||
| Taiwan | 83 | 0 | 30.9 | 0 | 2 | -1 | 0 | 1 | -5.00% | ||||
| Thailand | 65 | -1 | 41.8 | 0 | 2 | -1 | -1 | -5 | 20.00% | ||||
| Turkey | 36 | -3 | 33.1 | 0 | 2 | -1 | -1 | -2 | -1 | -1 | -16 | 60.00% | |
| United Arab Emirates | 90 | 0 | 18.6 | 1 | 2 | 0 | 0 | -1 | -2 | 0.00% | |||
| United Kingdom | 91 | 0 | 80.7 | -1 | 2 | -1 | -1 | -1 | -1 | -2 | 0.00% | ||
| United States | 98 | 1 | 107 | -2 | 1 | -3 | 0 | -1 | -2 | -8 | 30.00% | ||
| Vietnam | 43 | -2 | 57.5 | 0 | 2 | -1 | 0 | -3 | 10.00% | ||||
Notes
(a) All factors are COVID-19 by infection rate
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Aug 30 2018 |
|---|---|---|---|
| Austria | 0.76 | Bullish | -33.65% |
| Russia | 0.83 | Bearish | -22.89% |
| Pakistan | 0.84 | Bullish | -12.94% |
| Turkey | 0.84 | Bearish | -15.59% |
| Czech Republic | 1 | Bullish | -25.29% |
| Poland | 1 | Bearish | -19.23% |
| Singapore | 1 | Bullish | -22.31% |
| Hungary | 1.01 | Bullish | -29.03% |
| Korea, South | 1.03 | Bearish | 1.48% |
| United Arab Emirates | 1.03 | Bullish | -15.06% |
| Colombia | 1.06 | Bullish | -42.70% |
| Spain | 1.07 | Bearish | -27.70% |
| Italy | 1.08 | Bearish | -19.68% |
| Chile | 1.17 | Bearish | -25.58% |
| Hong Kong SAR | 1.23 | Bullish | -13.82% |
| Japan | 1.31 | Bearish | -1.64% |
| Argentina | 1.37 | Bullish | -3.21% |
| United Kingdom | 1.41 | Bearish | -22.90% |
| France | 1.51 | Bearish | -16.99% |
| Belgium | 1.53 | Bearish | -25.77% |
| Malaysia | 1.56 | Bullish | -4.25% |
| Israel | 1.61 | Bearish | 5.49% |
| Philippines | 1.61 | Bullish | -23.97% |
| Norway | 1.62 | Bearish | -13.39% |
| Germany | 1.64 | Bearish | -6.23% |
| Mexico | 1.66 | Bullish | -27.50% |
| Thailand | 1.66 | Bullish | -22.66% |
| Canada | 1.81 | Bearish | -2.99% |
| Peru | 1.85 | Bearish | -26.54% |
| Australia | 1.91 | Bearish | -5.06% |
| Egypt | 1.93 | Bearish | -19.47% |
| South Africa | 1.93 | Bearish | -20.62% |
| Qatar | 1.94 | Bearish | -9.16% |
| Brazil | 2 | Bearish | -37.87% |
| Portugal | 2.01 | Bearish | -9.57% |
| China | 2.11 | Bullish | 16.91% |
| Ireland | 2.12 | Bearish | -6.18% |
| Sweden | 2.2 | Bearish | -2.22% |
| Indonesia | 2.23 | Bearish | -19.84% |
| Taiwan | 2.26 | Bullish | 12.20% |
| Netherlands | 2.33 | Bullish | -1.47% |
| Finland | 2.34 | Bearish | 2.74% |
| Greece | 2.42 | Bearish | -39.83% |
| India | 2.89 | Bullish | -5.25% |
| Vietnam | 2.93 | Bullish | -10.16% |
| Switzerland | 2.97 | Bullish | -5.33% |
| United States | 4.11 | Bullish | 9.11% |
| New Zealand | 4.24 | Bearish | 19.37% |
| Denmark | 4.83 | Bullish | -12.25% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Aug 31 2020 |
|---|---|---|---|
| Korea, South | -30.683 | Bearish | 1.48% |
| Argentina | -25.449 | Bullish | -3.21% |
| Norway | -21.162 | Bearish | -13.39% |
| Indonesia | -8.043 | Bearish | -19.84% |
| Australia | -6.413 | Bearish | -5.06% |
| Ireland | -6.279 | Bearish | -6.18% |
| Finland | -5.175 | Bearish | 2.74% |
| Russia | -4.311 | Bearish | -22.89% |
| Denmark | -4.038 | Bullish | -12.25% |
| United States | -3.928 | Bullish | 9.11% |
| Israel | -3.332 | Bearish | 5.49% |
| Switzerland | -3.003 | Bullish | -5.33% |
| Hong Kong SAR | -2.822 | Bullish | -13.82% |
| Japan | -2.813 | Bearish | -1.64% |
| Netherlands | -2.717 | Bullish | -1.47% |
| Portugal | -2.574 | Bearish | -9.57% |
| Germany | -2.540 | Bearish | -6.23% |
| Brazil | -2.351 | Bearish | -37.87% |
| Thailand | -2.334 | Bullish | -22.66% |
| Sweden | -2.227 | Bearish | -2.22% |
| Canada | -2.221 | Bearish | -2.99% |
| Poland | -1.950 | Bearish | -19.23% |
| Belgium | -1.764 | Bearish | -25.77% |
| Chile | -1.521 | Bearish | -25.58% |
| Peru | -1.511 | Bearish | -26.54% |
| Singapore | -1.479 | Bullish | -22.31% |
| Czech Republic | -1.461 | Bullish | -25.29% |
| Malaysia | -1.447 | Bullish | -4.25% |
| Greece | -1.408 | Bearish | -39.83% |
| Italy | -1.395 | Bearish | -19.68% |
| Mexico | -1.339 | Bullish | -27.50% |
| Colombia | -1.178 | Bullish | -42.70% |
| India | -1.144 | Bullish | -5.25% |
| France | -1.087 | Bearish | -16.99% |
| Philippines | -1.052 | Bullish | -23.97% |
| Turkey | -1.048 | Bearish | -15.59% |
| Hungary | -0.857 | Bullish | -29.03% |
| Austria | -0.821 | Bullish | -33.65% |
| Spain | -0.795 | Bearish | -27.70% |
| United Kingdom | -0.674 | Bearish | -22.90% |
| Pakistan | 0.790 | Bullish | -12.94% |
| Egypt | 1.020 | Bearish | -19.47% |
| United Arab Emirates | 1.525 | Bullish | -15.06% |
| Qatar | 3.061 | Bearish | -9.16% |
| China | 3.785 | Bullish | 16.91% |
| Taiwan | 7.135 | Bullish | 12.20% |
| South Africa | 7.991 | Bearish | -20.62% |
| Vietnam | 10.305 | Bullish | -10.16% |
| New Zealand | 22.098 | Bearish | 19.37% |
| 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 31 2020 |
|---|---|---|---|---|---|---|---|
| Argentina | -25.449 | 70.00% | -17.81 | -43.264 | Bullish | Apr 26, 2020 | -3.21% |
| Korea, South | -30.683 | 0.00% | 0.00 | -30.683 | Bearish | Aug 16, 2020 | 1.48% |
| Norway | -21.162 | -15.00% | 3.17 | -17.988 | Bearish | Aug 30, 2020 | -13.39% |
| Indonesia | -8.043 | 30.00% | -2.41 | -10.456 | Bearish | Jun 07, 2020 | -19.84% |
| Ireland | -6.279 | 10.00% | -0.63 | -6.907 | Bearish | Aug 30, 2020 | -6.18% |
| Australia | -6.413 | 0.00% | 0.00 | -6.413 | Bearish | Jun 07, 2020 | -5.06% |
| Russia | -4.311 | 40.00% | -1.72 | -6.035 | Bearish | Aug 16, 2020 | -22.89% |
| United States | -3.928 | 30.00% | -1.18 | -5.107 | Bullish | Jun 28, 2020 | 9.11% |
| Finland | -5.175 | -10.00% | 0.52 | -4.657 | Bearish | Jun 07, 2020 | 2.74% |
| Israel | -3.332 | 10.00% | -0.33 | -3.665 | Bearish | Aug 30, 2020 | 5.49% |
| Japan | -2.813 | 30.00% | -0.84 | -3.656 | Bearish | Jul 26, 2020 | -1.64% |
| Denmark | -4.038 | -10.00% | 0.40 | -3.635 | Bullish | Mar 22, 2020 | -12.25% |
| Brazil | -2.351 | 50.00% | -1.18 | -3.527 | Bearish | Aug 02, 2020 | -37.87% |
| Hong Kong SAR | -2.822 | 0.00% | 0.00 | -2.822 | Bullish | Apr 05, 2020 | -13.82% |
| Thailand | -2.334 | 20.00% | -0.47 | -2.801 | Bullish | Apr 05, 2020 | -22.66% |
| Switzerland | -3.003 | -10.00% | 0.30 | -2.703 | Bullish | Jun 14, 2020 | -5.33% |
| Portugal | -2.574 | 0.00% | 0.00 | -2.574 | Bearish | Jun 07, 2020 | -9.57% |
| Germany | -2.540 | -5.00% | 0.13 | -2.413 | Bearish | Jun 07, 2020 | -6.23% |
| Canada | -2.221 | 0.00% | 0.00 | -2.221 | Bearish | Jun 07, 2020 | -2.99% |
| Netherlands | -2.717 | -20.00% | 0.54 | -2.173 | Bullish | Mar 22, 2020 | -1.47% |
| Sweden | -2.227 | -10.00% | 0.22 | -2.004 | Bearish | Jun 07, 2020 | -2.22% |
| Greece | -1.408 | 40.00% | -0.56 | -1.971 | Bearish | Jul 05, 2020 | -39.83% |
| Peru | -1.511 | 30.00% | -0.45 | -1.965 | Bearish | Jun 07, 2020 | -26.54% |
| Poland | -1.950 | 0.00% | 0.00 | -1.950 | Bearish | Jun 07, 2020 | -19.23% |
| Malaysia | -1.447 | 30.00% | -0.43 | -1.881 | Bullish | Mar 22, 2020 | -4.25% |
| Chile | -1.521 | 20.00% | -0.30 | -1.825 | Bearish | Aug 02, 2020 | -25.58% |
| Italy | -1.395 | 30.00% | -0.42 | -1.813 | Bearish | Jun 07, 2020 | -19.68% |
| Belgium | -1.764 | 0.00% | 0.00 | -1.764 | Bearish | Jun 07, 2020 | -25.77% |
| India | -1.144 | 50.00% | -0.57 | -1.716 | Bullish | May 24, 2020 | -5.25% |
| Turkey | -1.048 | 60.00% | -0.63 | -1.676 | Bearish | Jul 26, 2020 | -15.59% |
| Colombia | -1.178 | 40.00% | -0.47 | -1.649 | Bullish | Jun 28, 2020 | -42.70% |
| Mexico | -1.339 | 20.00% | -0.27 | -1.607 | Bullish | Aug 09, 2020 | -27.50% |
| Philippines | -1.052 | 40.00% | -0.42 | -1.472 | Bullish | Apr 26, 2020 | -23.97% |
| Czech Republic | -1.461 | 0.00% | 0.00 | -1.461 | Bullish | Aug 02, 2020 | -25.29% |
| Singapore | -1.479 | -10.00% | 0.15 | -1.331 | Bullish | Apr 05, 2020 | -22.31% |
| France | -1.087 | 0.00% | 0.00 | -1.087 | Bearish | Jun 07, 2020 | -16.99% |
| Spain | -0.795 | 30.00% | -0.24 | -1.034 | Bearish | Jun 07, 2020 | -27.70% |
| Hungary | -0.857 | 0.00% | 0.00 | -0.857 | Bullish | Mar 22, 2020 | -29.03% |
| Austria | -0.821 | -5.00% | 0.04 | -0.780 | Bullish | Aug 02, 2020 | -33.65% |
| United Kingdom | -0.674 | 0.00% | 0.00 | -0.674 | Bearish | Jun 07, 2020 | -22.90% |
| Pakistan | 0.790 | 50.00% | 0.39 | 1.185 | Bullish | Jun 28, 2020 | -12.94% |
| United Arab Emirates | 1.525 | 0.00% | 0.00 | 1.525 | Bullish | May 31, 2020 | -15.06% |
| Egypt | 1.020 | 50.00% | 0.51 | 1.530 | Bearish | Jul 12, 2020 | -19.47% |
| Qatar | 3.061 | 10.00% | 0.31 | 3.367 | Bearish | Apr 12, 2020 | -9.16% |
| China | 3.785 | 30.00% | 1.14 | 4.921 | Bullish | Aug 23, 2020 | 16.91% |
| Taiwan | 7.135 | -5.00% | -0.36 | 6.778 | Bullish | Mar 22, 2020 | 12.20% |
| South Africa | 7.991 | 30.00% | 2.40 | 10.388 | Bearish | Aug 30, 2020 | -20.62% |
| Vietnam | 10.305 | 10.00% | 1.03 | 11.336 | Bullish | Aug 02, 2020 | -10.16% |
| New Zealand | 22.098 | -5.00% | -1.10 | 20.993 | Bearish | Aug 30, 2020 | 19.37% |
Country Value and Growth Factors April 30, 2020
| Country | 2020 GDP Annual Growth Rate Change | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % April 30 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -1.10 | 4.05 | 6.07 | 2.95 | 2.058 | 0.88 | Bullish | Nov 17, 2019 | MSCI Argentina | -32.53% |
| Australia | 2.20 | 5.05 | 14.38 | 7.25 | 1.983 | 1.71 | Bearish | Apr 19, 2020 | MSCI Australia USD | -23.04% |
| Austria | -2.70 | 0.64 | 7.58 | -2.06 | -3.680 | 0.76 | Bullish | Apr 26, 2020 | MSCI Austria | -33.59% |
| Belgium | -2.8 | 2.07 | 12.70 | -0.73 | -17.397 | 1.36 | Bullish | Apr 05, 2020 | MSCI Belgium | -27.76% |
| Brazil | 1.70 | 4.00 | 10.83 | 5.70 | 1.900 | 1.61 | Bullish | Apr 26, 2020 | MSCI Brazil Net USD | -48.77% |
| Canada | 1.50 | 3.71 | 13.68 | 5.21 | 2.626 | 1.62 | Bullish | Apr 05, 2020 | MSCI Canada Net USD | -18.76% |
| Chile | -2.10 | 4.06 | 13.23 | 1.96 | 6.750 | 1.21 | Bullish | Apr 26, 2020 | MSCI Chile Net USD | -25.23% |
| China | -6.8 | 1.99 | 13.89 | -4.81 | -2.888 | 1.7 | Bullish | Mar 22, 2020 | MSCI China Net USD | -6.78% |
| Colombia | 3.40 | 5.04 | 7.73 | 8.44 | 0.916 | 0.93 | Bullish | Apr 26, 2020 | MSCI Colombia | -47.87% |
| Czech Republic | 1.80 | 3.95 | 9.05 | 5.75 | 1.574 | 0.99 | Bullish | Apr 05, 2020 | MSCI Czech Republic | -25.92% |
| Denmark | 2.20 | 1.64 | 23.44 | 3.84 | 6.104 | 4.06 | Bullish | Mar 22, 2020 | MSCI Denmark | 0.99% |
| Egypt | 4.80 | 3.04 | 7.54 | 7.84 | 0.962 | 1.86 | Bearish | Apr 12, 2020 | MSCI Egypt | -22.70% |
| Finland | 0.40 | 2.09 | 17.57 | 2.49 | 7.056 | 1.95 | Bullish | Mar 22, 2020 | MSCI Finland | -3.33% |
| France | -5.40 | 1.90 | 13.71 | -3.50 | -3.917 | 1.36 | Bullish | Apr 05, 2020 | MSCI France | -23.58% |
| Germany | 0.40 | 1.84 | 15.14 | 2.24 | 6.759 | 1.34 | Bullish | Mar 22, 2020 | MSCI Germany | -19.32% |
| Greece | 1.00 | 3.69 | 9.33 | 4.69 | 1.989 | 0.52 | Bullish | Apr 05, 2020 | MSCI Greece | -39.21% |
| Hong Kong SAR | -8.90 | 3.37 | 12.75 | -5.53 | -2.306 | 1.1 | Bullish | Apr 05, 2020 | MSCI Hong Kong | -13.82% |
| Hungary | 4.50 | 0.36 | 7.21 | 4.86 | 1.484 | 1.05 | Bullish | Mar 22, 2020 | MSCI Hungary | -29.31% |
| India | 4.70 | 1.42 | 19.15 | 6.12 | 3.129 | 2.5 | Bullish | Apr 05, 2020 | MSCI India Net USD | -20.11% |
| Indonesia | 2.97 | 4.24 | 12.81 | 7.21 | 1.777 | 1.82 | Bullish | Apr 26, 2020 | MSCI Indonesia USD | -32.25% |
| Ireland | 6.20 | 1.45 | 17.63 | 7.65 | 2.305 | 1.47 | Bullish | Mar 22, 2020 | MSCI Ireland | -19.52% |
| Israel | 3.70 | 1.39 | 18.27 | 5.09 | 3.589 | 1.44 | Bullish | Mar 22, 2020 | MSCI Israel | -9.72% |
| Italy | -4.80 | 3.10 | 9.57 | -1.70 | -5.629 | 0.91 | Bullish | Mar 22, 2020 | MSCI Italy | -27.47% |
| Japan | -7.10 | 2.69 | 13.10 | -4.41 | -2.971 | 1.13 | Bullish | Apr 05, 2020 | MSCI Japan USD | -12.30% |
| Korea, South | 1.30 | 2.52 | 14.05 | 3.82 | 3.678 | 0.88 | Bullish | Mar 22, 2020 | MSCI Korea USD | -16.11% |
| Malaysia | 3.60 | 3.86 | 16.03 | 7.46 | 2.149 | 1.42 | Bullish | Mar 22, 2020 | MSCI Malaysia USD | -14.75% |
| Mexico | -1.60 | 3.97 | 13.16 | 2.37 | 5.553 | 1.7 | Bullish | Apr 05, 2020 | MSCI Mexico USD | -34.12% |
| Netherlands | 1.60 | 2.15 | 17.44 | 3.75 | 4.651 | 2.14 | Bullish | Mar 22, 2020 | MSCI Netherlands | -12.18% |
| New Zealand | 1.80 | 2.14 | 26.82 | 3.94 | 6.807 | 3.23 | Bullish | Mar 22, 2020 | MSCI New Zealand | -0.86% |
| Norway | 1.80 | 3.66 | 15.50 | 5.46 | 2.839 | 1.55 | Bullish | Mar 29, 2020 | MSCI Norway | -15.50% |
| Pakistan | 3.29 | 8.27 | 6.15 | 11.56 | 0.532 | 0.79 | Bullish | Mar 29, 2020 | MSCI Pakistan Net USD | -21.79% |
| Peru | 1.80 | 5.23 | 11.70 | 7.03 | 1.664 | 1.5 | Bullish | Apr 26, 2020 | MSCI Peru | -33.42% |
| Philippines | -0.20 | 2.19 | 12.80 | 1.99 | 6.432 | 1.52 | Bullish | Apr 26, 2020 | MSCI Philippines | -26.26% |
| Poland | 3.20 | 1.88 | 10.09 | 5.08 | 1.986 | 0.95 | Bullish | Apr 05, 2020 | MSCI Poland USD | -30.63% |
| Portugal | 2.20 | 4.77 | 19.96 | 6.97 | 2.864 | 1.96 | Bullish | Mar 22, 2020 | MSCI Portugal | -9.96% |
| Qatar | -0.60 | 4.32 | 12.27 | 3.72 | 3.298 | 1.74 | Bearish | Apr 12, 2020 | MSCI Qatar | -16.95% |
| Russia | 2.10 | 7.01 | 5.11 | 9.11 | 0.561 | 0.81 | Bearish | Apr 12, 2020 | MSCI Russia USD | -29.59% |
| Singapore | -2.20 | 4.41 | 10.38 | 2.21 | 4.697 | 1.03 | Bullish | Apr 05, 2020 | MSCI Singapore | -19.39% |
| South Africa | -0.50 | 3.29 | 14.46 | 2.79 | 5.183 | 1.76 | Bullish | Mar 22, 2020 | MSCI South Africa USD | -32.63% |
| Spain | -4.10 | 4.96 | 8.49 | 0.86 | 9.872 | 0.9 | Bullish | Mar 22, 2020 | MSCI Spain | -28.54% |
| Sweden | 0.50 | 0.83 | 11.12 | 1.33 | 8.361 | 1.9 | Bullish | Mar 22, 2020 | MSCI Sweden | -13.56% |
| Switzerland | 1.50 | 3.15 | 18.37 | 4.65 | 3.951 | 2.74 | Bearish | Feb 23, 2020 | MSCI Switzerland | -10.01% |
| Taiwan | 1.54 | 4.00 | 16.19 | 5.54 | 2.922 | 1.84 | Bullish | Mar 22, 2020 | MSCI Taiwan USD | -7.65% |
| Thailand | 1.60 | 3.48 | 15.24 | 5.08 | 3.000 | 1.65 | Bullish | Apr 26, 2020 | MSCI Thailand USD | -23.57% |
| Turkey | 6.00 | 1.31 | 7.95 | 7.31 | 1.088 | 0.93 | Bullish | Apr 05, 2020 | MSCI Turkey | -15.55% |
| United Arab Emirates | 1.60 | 5.24 | 8.12 | 6.84 | 1.187 | 0.96 | Bullish | Apr 05, 2020 | MSCI UAE | -21.60% |
| United Kingdom | 1.10 | 4.43 | 11.81 | 5.53 | 2.136 | 1.41 | Bullish | Mar 22, 2020 | MSCI UK | -22.89% |
| United States | 0.30 | 2.01 | 20.66 | 2.31 | 8.944 | 3.27 | Bullish | Mar 22, 2020 | MSCI USA USD | -10.39% |
| Vietnam | 3.82 | 2.26 | 13.78 | 6.08 | 2.266 | 2.05 | Bullish | Apr 05, 2020 | MSCI Vietnam | -20.66% |
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Rank Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 38 | -3 | 46.9 | -5 | 8.9 | -1 | -5.4 | -1 | -1 | -2 | 30 | -1 | |
| Australia | 0.25 | 1 | 2.2 | -1 | 5.2 | 0 | 0.2 | 0 | 30 | -1 | |||
| Austria | 0 | 1 | 1.6 | 0 | 12.8 | -2 | 2.6 | 0 | 25 | 0 | |||
| Belgium | 0 | 1 | 0.57 | 0 | 5.3 | 0 | -1.2 | 0 | 29 | -1 | |||
| Brazil | 3 | 0 | 2.4 | -1 | 12.2 | -2 | -2.7 | -1 | -1 | -3 | 34 | -2 | |
| Canada | 0.25 | 1 | 0.9 | 0 | 7.8 | 0 | -2.6 | -1 | 26.5 | -1 | |||
| Chile | 0.5 | 1 | 3.4 | -1 | 8.2 | -1 | -3.9 | -1 | -1 | 27 | -1 | ||
| China | 3.85 | 0 | 4.3 | -2 | 5.9 | 0 | 1 | 0 | -1 | -1 | -2 | 25 | 0 |
| Colombia | 3.25 | 0 | 3.51 | -1 | 12.6 | -2 | -4.3 | -1 | -1 | -2 | 34 | -2 | |
| Czech Republic | 0.25 | 1 | 3.4 | -1 | 3.4 | 0 | -0.4 | 0 | -1 | -1 | 19 | 0 | |
| Denmark | -0.6 | -1 | 0.4 | 0 | 4.1 | 0 | 7.9 | 1 | 2 | 22 | 0 | ||
| Egypt | 9.25 | -1 | 5.1 | -2 | 8 | -1 | -3.6 | -1 | -3 | 22.5 | 0 | ||
| Finland | 0 | 1 | 0.6 | 0 | 7.3 | -0.8 | 0 | 1 | 20 | 0 | |||
| France | 0 | 1 | 0.4 | 0 | 8.1 | -1 | -0.7 | 0 | 33.3 | -2 | |||
| Germany | 0 | 1 | 0.8 | 0 | 3.5 | 0 | 7.1 | 1 | -1 | 30 | -1 | ||
| Greece | 0 | 1 | -1.4 | -2 | 16.1 | -3 | -1.4 | 0 | -1 | 24 | 0 | ||
| Hong Kong | 0.86 | 1 | 2.3 | -1 | 4.2 | 0 | 6.2 | 1 | 16.5 | 0 | |||
| Hungary | 0.9 | 1 | 2.4 | -1 | 3.7 | 0 | -0.8 | 0 | -1 | -2 | 9 | 2 | |
| India | 4.4 | 0 | 5.91 | -2 | 7.8 | 0 | -2.1 | -1 | -2 | 25.17 | -1 | ||
| Indonesia | 4.5 | 0 | 2.67 | -1 | 4.99 | 0 | -3 | -1 | -2 | 25 | 0 | ||
| Ireland | 0 | 1 | 0.7 | 0 | 5.4 | 0 | -9.4 | -2 | 12.5 | 1 | |||
| Israel | 0.1 | 1 | 0 | 0 | 3.4 | 0 | 1.9 | 0 | 24 | 0 | |||
| Italy | 0 | 1 | 0 | 0 | 8.4 | -1 | 3 | 0 | -1 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | 0.4 | 0 | 2.5 | 0 | 3.5 | 0 | -1 | 30.62 | -2 | ||
| Korea, South | 0.75 | 1 | 0.1 | 0 | 3.8 | 0 | 3.7 | 0 | -1 | 25 | 0 | ||
| Malaysia | 2 | 0 | -0.2 | -2 | 3.9 | 0 | 2.3 | 0 | -1 | -1 | 24 | 0 | |
| Mexico | 6 | -1 | 2.15 | -1 | 2.9 | 0 | -0.2 | 0 | -1 | -4 | 30 | -1 | |
| Netherlands | 0 | 1 | 1.4 | 0 | 2.9 | 0 | 10.2 | 2 | 25 | 0 | |||
| New Zealand | 0.25 | 1 | 2.5 | -1 | 4.2 | 0 | -3.6 | -1 | 2 | 28 | -1 | ||
| Norway | 0 | 1 | 0.7 | 0 | 3.5 | 0 | 7.1 | 1 | 1 | 22 | 0 | ||
| Pakistan | 9 | -1 | 9.46 | -3 | 5.7 | 0 | -4.8 | -1 | 31 | -2 | |||
| Peru | 0.25 | 1 | 1.72 | 0 | 7.8 | 0 | -1.5 | 0 | -1 | -3 | 29.5 | -1 | |
| Philippines | 2.75 | 0 | 2.2 | -1 | 5.3 | 0 | 2.2 | 0 | -1 | -3 | 30 | -1 | |
| Poland | 0.5 | 1 | 3.4 | -1 | 5.4 | 0 | 0.5 | 0 | -1 | -1 | 19 | 0 | |
| Portugal | 0 | 1 | 0 | 0 | 6.7 | 0 | 0.1 | 0 | 21 | 0 | |||
| Qatar | 2.5 | 0 | -1.4 | -2 | 0.1 | -1 | 8.7 | 2 | 10 | 1 | |||
| Russia | 5.5 | -1 | 3.1 | -1 | 4.7 | 0 | 7 | 1 | -1 | -4 | 20 | 0 | |
| Singapore | 1.26 | 0 | 0 | 0 | 2.4 | 0 | 16.9 | 2 | 1 | 17 | 0 | ||
| South Africa | 4.25 | 0 | 4.1 | -2 | 29.1 | -3 | -3.5 | -1 | -1 | -2 | 28 | -1 | |
| Spain | 0 | 1 | -0.7 | -2 | 14.41 | -2 | 2 | 0 | 25 | 0 | |||
| Sweden | 0 | 1 | 0.6 | 0 | 7.1 | 0 | 3.9 | 0 | 1 | 21.4 | 0 | ||
| Switzerland | -0.75 | -1 | -1.1 | -2 | 3.3 | 0 | 10.2 | 2 | 1 | 18 | 0 | ||
| Taiwan | 1.13 | 0 | -0.97 | -2 | 3.76 | 0 | 11.6 | 2 | 20 | 0 | |||
| Thailand | 0.75 | 1 | -2.99 | -4 | 1 | 0 | 6.8 | 1 | -1 | -3 | 20 | 0 | |
| Turkey | 8.75 | -1 | 10.94 | -3 | 13.8 | -2 | 1.2 | 0 | -1 | -2 | 22 | 0 | |
| United Arab Emirates | 1.5 | 0 | -1.6 | -2 | 2.64 | 0 | 9.1 | 2 | 0 | -1 | |||
| United Kingdom | 0.1 | 1 | 1.5 | 0 | 4 | 0 | -3.8 | -1 | 19 | 0 | |||
| United States | 0.25 | 1 | 1.5 | 0 | 14.7 | -2 | -2.3 | -1 | -1 | 21 | 0 | ||
| Vietnam | 5 | 0 | 2.93 | -1 | 2.15 | 0 | 3 | 0 | -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 | 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 | 10 | -4 | 89.4 | -1 | 1 | -1 | -1 | 0 | -20 | 70.00% | |||
| Australia | 100 | 2 | 45.1 | 0 | 1 | -1 | -1 | 0 | 0 | 0 | 0.00% | ||
| Austria | 96 | 1 | 70.4 | 0 | 1 | -1 | 0 | 0 | 0 | 0.00% | |||
| Belgium | 86 | 0 | 98.6 | -1 | 1 | 0 | -1 | -1(a) | -2 | 0.00% | |||
| Brazil | 42 | -2 | 75.79 | 0 | 1 | -1 | -1 | 0 | -1(a) | -14 | 50.00% | ||
| Canada | 99 | 1 | 89.7 | -1 | 2 | 1 | -1 | -1 | 0 | 0 | -1(a) | -1 | 0.00% |
| Chile | 78 | -1 | 27.9 | 0 | 2 | 1 | -1 | -1 | 0 | -1(a) | -5 | 20.00% | |
| China | 80 | -1 | 50.5 | 0 | 2 | -3 | -1 | -1 | 0 | -10 | 40.00% | ||
| Colombia | 57 | -1 | 50.5 | 0 | 2 | -1 | -1 | -10 | 40.00% | ||||
| Czech Republic | 83 | 0 | 30.8 | 0 | 1 | 0 | 0 | -1 | 0.00% | ||||
| Denmark | 100 | 2 | 33.2 | 0 | 1 | 0 | -1 | 4 | -10.00% | ||||
| Egypt | 30 | -3 | 90 | -1 | 2 | -1 | -1 | -12 | 40.00% | ||||
| Finland | 96 | 1 | 59.4 | 0 | 1 | 0 | 0 | 4 | -10.00% | ||||
| France | 92 | 0 | 98.1 | -1 | 1 | 1 | 0 | -1 | -2(a) | -4 | 10.00% | ||
| Germany | 100 | 2 | 59.8 | 0 | 1 | 0 | -1 | -1(a) | 1 | -5.00% | |||
| Greece | 37 | -3 | 177 | -2 | 2 | 1 | -1 | -1 | -9 | 30.00% | |||
| Hong Kong | 90 | 0 | 38.4 | 0 | 2 | 1 | 0 | -1 | 3 | -10.00% | |||
| Hungary | 58 | -1 | 66.3 | 0 | 2 | 0 | 0 | 0 | 0.00% | ||||
| India | 57 | -1 | 69.62 | 0 | 2 | -2 | -1 | -1 | -1 | -1(a) | -11 | 40.00% | |
| Indonesia | 60 | -1 | 29.8 | 0 | 2 | -1 | -1 | -1 | -1 | -7 | 30.00% | ||
| Ireland | 78 | -1 | 58.8 | 0 | 1 | 0 | -1 | -1(a) | -2 | 0.00% | |||
| Israel | 81 | 0 | 60 | 0 | 1 | -1 | -1 | 0 | 0.00% | ||||
| Italy | 62 | -1 | 135 | -2 | 1 | -1 | 0 | -1 | -2(a) | -8 | 30.00% | ||
| Japan | 77 | -1 | 238 | -2 | 2 | -1 | -1 | -1 | -8 | 30.00% | |||
| Korea, South | 86 | 0 | 36.6 | 0 | 2 | -1 | -1 | -1 | 0 | -1 | 0.00% | ||
| Malaysia | 70 | -1 | 51.8 | 0 | 1 | -1 | -1 | -1 | -7 | 30.00% | |||
| Mexico | 61 | -1 | 46 | 0 | 2 | -1 | -1 | 0 | 0 | -1(a) | -10 | 40.00% | |
| Netherlands | 100 | 2 | 48.6 | 0 | 1 | 1 | 0 | 0 | -1(a) | 6 | -15.00% | ||
| New Zealand | 93 | 0 | 19.2 | 1 | 1 | -1 | 0 | 0 | 1 | -5.00% | |||
| Norway | 99 | 1 | 40.6 | 0 | 1 | 0 | 0 | 5 | -15.00% | ||||
| Pakistan | 25 | -3 | 84.8 | -1 | 2 | -1 | -1 | -1(a) | -12 | 40.00% | |||
| Peru | 61 | -1 | 26.8 | 0 | 2 | 1 | 0 | -1 | -1(a) | -4 | 10.00% | ||
| Philippines | 61 | -1 | 41.5 | 0 | 2 | -1 | -1 | -1 | -8 | 30.00% | |||
| Poland | 71 | -1 | 46 | 0 | 2 | 0 | 0 | -1 | 0.00% | ||||
| Portugal | 71 | -1 | 118 | -2 | 1 | 0 | 0 | -1(a) | -2 | 0.00% | |||
| Qatar | 85 | 0 | 48.4 | 0 | 2 | 0 | 0 | -1(a) | 1 | -5.00% | |||
| Russia | 55 | -1 | 14.6 | 1 | 2 | -1 | -1 | -2 | -1 | -2(a) | -11 | 40.00% | |
| Singapore | 98 | 1 | 126 | -2 | 2 | 1 | -1 | -1 | 3 | -10.00% | |||
| South Africa | 46 | -2 | 62.6 | 0 | 2 | 0 | 0 | -10 | 40.00% | ||||
| Spain | 70 | -1 | 95.5 | -1 | 1 | -1 | -1 | -2(a) | -8 | 30.00% | |||
| Sweden | 99 | 1 | 35.1 | 0 | 1 | 0 | 0 | -1(a) | 3 | -10.00% | |||
| Switzerland | 100 | 2 | 41 | 0 | 2 | 0 | 0 | -1(a) | 3 | -10.00% | |||
| Taiwan | 83 | 0 | 30.9 | 0 | 2 | -1 | 0 | 1 | -5.00% | ||||
| Thailand | 65 | -1 | 41.8 | 0 | 2 | -1 | -1 | -7 | 30.00% | ||||
| Turkey | 36 | -3 | 18.6 | 1 | 2 | -1 | -1 | -2 | -1 | -1(a) | -15 | 50.00% | |
| United Arab Emirates | 90 | 0 | -1.4 | 2 | 2 | 0 | 0 | 3 | -10.00% | ||||
| United Kingdom | 92 | 0 | 82.6 | -1 | 2 | -1 | -1 | -1 | -2(a) | -4 | 10.00% | ||
| United States | 98 | 1 | 107 | -2 | 1 | -3 | 0 | -1 | -2(a) | -9 | 30.00% | ||
| Vietnam | 43 | -2 | 57.5 | 0 | 2 | -1 | 0 | -4 | 10.00% | ||||
Notes
(a) COVID-19
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Apr 30 2020 |
|---|---|---|---|
| Greece | 0.52 | Bullish | -39.21% |
| Austria | 0.76 | Bullish | -33.59% |
| Pakistan | 0.79 | Bullish | -21.79% |
| Russia | 0.81 | Bearish | -29.59% |
| Argentina | 0.88 | Bullish | -32.53% |
| Korea, South | 0.88 | Bullish | -16.11% |
| Spain | 0.9 | Bullish | -28.54% |
| Italy | 0.91 | Bullish | -27.47% |
| Colombia | 0.93 | Bullish | -47.87% |
| Turkey | 0.93 | Bullish | -15.55% |
| Poland | 0.95 | Bullish | -30.63% |
| United Arab Emirates | 0.96 | Bullish | -21.60% |
| Czech Republic | 0.99 | Bullish | -25.92% |
| Singapore | 1.03 | Bullish | -19.39% |
| Hungary | 1.05 | Bullish | -29.31% |
| Hong Kong SAR | 1.1 | Bullish | -13.82% |
| Japan | 1.13 | Bullish | -12.30% |
| Chile | 1.21 | Bullish | -25.23% |
| Germany | 1.34 | Bullish | -19.32% |
| Belgium | 1.36 | Bullish | -27.76% |
| France | 1.36 | Bullish | -23.58% |
| United Kingdom | 1.41 | Bullish | -22.89% |
| Malaysia | 1.42 | Bullish | -14.75% |
| Israel | 1.44 | Bullish | -9.72% |
| Ireland | 1.47 | Bullish | -19.52% |
| Peru | 1.5 | Bullish | -33.42% |
| Philippines | 1.52 | Bullish | -26.26% |
| Norway | 1.55 | Bullish | -15.50% |
| Brazil | 1.61 | Bullish | -48.77% |
| Canada | 1.62 | Bullish | -18.76% |
| Thailand | 1.65 | Bullish | -23.57% |
| China | 1.7 | Bullish | -6.78% |
| Mexico | 1.7 | Bullish | -34.12% |
| Australia | 1.71 | Bearish | -23.04% |
| Qatar | 1.74 | Bearish | -16.95% |
| South Africa | 1.76 | Bullish | -32.63% |
| Indonesia | 1.82 | Bullish | -32.25% |
| Taiwan | 1.84 | Bullish | -7.65% |
| Egypt | 1.86 | Bearish | -22.70% |
| Sweden | 1.9 | Bullish | -13.56% |
| Finland | 1.95 | Bullish | -3.33% |
| Portugal | 1.96 | Bullish | -9.96% |
| Vietnam | 2.05 | Bullish | -20.66% |
| Netherlands | 2.14 | Bullish | -12.18% |
| India | 2.5 | Bullish | -20.11% |
| Switzerland | 2.74 | Bearish | -10.01% |
| New Zealand | 3.23 | Bullish | -0.86% |
| United States | 3.27 | Bullish | -10.39% |
| Denmark | 4.06 | Bullish | 0.99% |
| Country | PE/Total Return 2018 | 4% Model Market Indicator | Index YTD % April 30 2020 |
|---|---|---|---|
| Belgium | -17.397 | Bullish | -27.76% |
| Italy | -5.629 | Bullish | -27.47% |
| France | -3.917 | Bullish | -23.58% |
| Austria | -3.680 | Bullish | -33.59% |
| Japan | -2.971 | Bullish | -12.30% |
| China | -2.888 | Bullish | -6.78% |
| Hong Kong SAR | -2.306 | Bullish | -13.82% |
| Pakistan | 0.532 | Bullish | -21.79% |
| Russia | 0.561 | Bearish | -29.59% |
| Colombia | 0.916 | Bullish | -47.87% |
| Egypt | 0.962 | Bearish | -22.70% |
| Turkey | 1.088 | Bullish | -15.55% |
| United Arab Emirates | 1.187 | Bullish | -21.60% |
| Hungary | 1.484 | Bullish | -29.31% |
| Czech Republic | 1.574 | Bullish | -25.92% |
| Peru | 1.664 | Bullish | -33.42% |
| Indonesia | 1.777 | Bullish | -32.25% |
| Brazil | 1.900 | Bullish | -48.77% |
| Australia | 1.983 | Bearish | -23.04% |
| Poland | 1.986 | Bullish | -30.63% |
| Greece | 1.989 | Bullish | -39.21% |
| Argentina | 2.058 | Bullish | -32.53% |
| United Kingdom | 2.136 | Bullish | -22.89% |
| Malaysia | 2.149 | Bullish | -14.75% |
| Vietnam | 2.266 | Bullish | -20.66% |
| Ireland | 2.305 | Bullish | -19.52% |
| Canada | 2.626 | Bullish | -18.76% |
| Norway | 2.839 | Bullish | -15.50% |
| Portugal | 2.864 | Bullish | -9.96% |
| Taiwan | 2.922 | Bullish | -7.65% |
| Thailand | 3.000 | Bullish | -23.57% |
| India | 3.129 | Bullish | -20.11% |
| Qatar | 3.298 | Bearish | -16.95% |
| Israel | 3.589 | Bullish | -9.72% |
| Korea, South | 3.678 | Bullish | -16.11% |
| Switzerland | 3.951 | Bearish | -10.01% |
| Netherlands | 4.651 | Bullish | -12.18% |
| Singapore | 4.697 | Bullish | -19.39% |
| South Africa | 5.183 | Bullish | -32.63% |
| Mexico | 5.553 | Bullish | -34.12% |
| Denmark | 6.104 | Bullish | 0.99% |
| Philippines | 6.432 | Bullish | -26.26% |
| Chile | 6.750 | Bullish | -25.23% |
| Germany | 6.759 | Bullish | -19.32% |
| New Zealand | 6.807 | Bullish | -0.86% |
| Finland | 7.056 | Bullish | -3.33% |
| Sweden | 8.361 | Bullish | -13.56% |
| United States | 8.944 | Bullish | -10.39% |
| Spain | 9.872 | Bullish | -28.54% |
| 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 % Apr 30 2020 |
|---|---|---|---|---|---|---|---|
| Belgium | -17.397 | 0.00% | 0.00 | -17.397 | Bullish | Apr 05, 2020 | -27.76% |
| Italy | -5.629 | 30.00% | -1.69 | -7.318 | Bullish | Mar 22, 2020 | -27.47% |
| France | -3.917 | 10.00% | -0.39 | -4.309 | Bullish | Apr 05, 2020 | -23.58% |
| China | -2.888 | 40.00% | -1.16 | -4.043 | Bullish | Mar 22, 2020 | -6.78% |
| Japan | -2.971 | 30.00% | -0.89 | -3.862 | Bullish | Apr 05, 2020 | -12.30% |
| Austria | -3.680 | 0.00% | 0.00 | -3.680 | Bullish | Apr 26, 2020 | -33.59% |
| Hong Kong | -2.306 | -10.00% | 0.23 | -2.075 | Bullish | Apr 05, 2020 | -13.82% |
| Pakistan | 0.532 | 40.00% | 0.21 | 0.745 | Bullish | Mar 29, 2020 | -21.79% |
| Russia | 0.561 | 40.00% | 0.22 | 0.785 | Bearish | Apr 12, 2020 | -29.59% |
| United Arab Emirates | 1.187 | -10.00% | -0.12 | 1.068 | Bullish | Apr 05, 2020 | -21.60% |
| Colombia | 0.916 | 40.00% | 0.37 | 1.282 | Bullish | Apr 26, 2020 | -47.87% |
| Egypt | 0.962 | 40.00% | 0.38 | 1.346 | Bearish | Apr 12, 2020 | -22.70% |
| Hungary | 1.484 | 0.00% | 0.00 | 1.484 | Bullish | Mar 22, 2020 | -29.31% |
| Czech Republic | 1.574 | 0.00% | 0.00 | 1.574 | Bullish | Apr 05, 2020 | -25.92% |
| Turkey | 1.088 | 50.00% | 0.54 | 1.631 | Bullish | Apr 05, 2020 | -15.55% |
| Peru | 1.664 | 10.00% | 0.17 | 1.831 | Bullish | Apr 26, 2020 | -33.42% |
| Australia | 1.983 | 0.00% | 0.00 | 1.983 | Bearish | Apr 19, 2020 | -23.04% |
| Poland | 1.986 | 0.00% | 0.00 | 1.986 | Bullish | Apr 05, 2020 | -30.63% |
| Ireland | 2.305 | 0.00% | 0.00 | 2.305 | Bullish | Mar 22, 2020 | -19.52% |
| Indonesia | 1.777 | 30.00% | 0.53 | 2.310 | Bullish | Apr 26, 2020 | -32.25% |
| United Kingdom | 2.136 | 10.00% | 0.21 | 2.349 | Bullish | Mar 22, 2020 | -22.89% |
| Norway | 2.839 | -15.00% | -0.43 | 2.413 | Bullish | Mar 29, 2020 | -15.50% |
| Vietnam | 2.266 | 10.00% | 0.23 | 2.493 | Bullish | Apr 05, 2020 | -20.66% |
| Greece | 1.989 | 30.00% | 0.60 | 2.586 | Bullish | Apr 05, 2020 | -39.21% |
| Canada | 2.626 | 0.00% | 0.00 | 2.626 | Bullish | Apr 05, 2020 | -18.76% |
| Taiwan | 2.922 | -5.00% | -0.15 | 2.776 | Bullish | Mar 22, 2020 | -7.65% |
| Malaysia | 2.149 | 30.00% | 0.64 | 2.793 | Bullish | Mar 22, 2020 | -14.75% |
| Brazil | 1.900 | 50.00% | 0.95 | 2.850 | Bullish | Apr 26, 2020 | -48.77% |
| Portugal | 2.864 | 0.00% | 0.00 | 2.864 | Bullish | Mar 22, 2020 | -9.96% |
| Qatar | 3.298 | -5.00% | -0.16 | 3.133 | Bearish | Apr 12, 2020 | -16.95% |
| Argentina | 2.058 | 70.00% | 1.44 | 3.498 | Bullish | Nov 17, 2019 | -32.53% |
| Switzerland | 3.951 | -10.00% | -0.40 | 3.555 | Bearish | Feb 23, 2020 | -10.01% |
| Israel | 3.589 | 0.00% | 0.00 | 3.589 | Bullish | Mar 22, 2020 | -9.72% |
| Korea, South | 3.678 | 0.00% | 0.00 | 3.678 | Bullish | Mar 22, 2020 | -16.11% |
| Thailand | 3.000 | 30.00% | 0.90 | 3.900 | Bullish | Apr 26, 2020 | -23.57% |
| Netherlands | 4.651 | -15.00% | -0.70 | 3.953 | Bullish | Mar 22, 2020 | -12.18% |
| Singapore | 4.697 | -10.00% | -0.47 | 4.227 | Bullish | Apr 05, 2020 | -19.39% |
| India | 3.129 | 40.00% | 1.25 | 4.381 | Bullish | Apr 05, 2020 | -20.11% |
| Denmark | 6.104 | -10.00% | -0.61 | 5.494 | Bullish | Mar 22, 2020 | 0.99% |
| Finland | 7.056 | -10.00% | -0.71 | 6.351 | Bullish | Mar 22, 2020 | -3.33% |
| Germany | 6.759 | -5.00% | -0.34 | 6.421 | Bullish | Mar 22, 2020 | -19.32% |
| New Zealand | 6.807 | -5.00% | -0.34 | 6.467 | Bullish | Mar 22, 2020 | -0.86% |
| South Africa | 5.183 | 40.00% | 2.07 | 7.256 | Bullish | Mar 22, 2020 | -32.63% |
| Sweden | 8.361 | -10.00% | -0.84 | 7.525 | Bullish | Mar 22, 2020 | -13.56% |
| Mexico | 5.553 | 40.00% | 2.22 | 7.774 | Bullish | Apr 05, 2020 | -34.12% |
| Chile | 6.750 | 20.00% | 1.35 | 8.100 | Bullish | Apr 26, 2020 | -25.23% |
| Philippines | 6.432 | 30.00% | 1.93 | 8.362 | Bullish | Apr 26, 2020 | -26.26% |
| United States | 8.944 | 30.00% | 2.68 | 11.627 | Bullish | Mar 22, 2020 | -10.39% |
| Spain | 9.872 | 30.00% | 2.96 | 12.834 | Bullish | Mar 22, 2020 | -28.54% |
Country Value and Growth Factors January 31, 2020
| Country | 2020 GDP Annual Growth Rate Change | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Jan 31 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -1.70 | 2.81 | 6.19 | 1.11 | 5.577 | 1.32 | Bullish | Nov 17, 2019 | MSCI Argentina | -2.59% |
| Australia | 1.70 | 4.01 | 18.26 | 5.71 | 3.198 | 2.21 | Bullish | Jan 06, 2019 | MSCI Australia USD | 0.09% |
| Austria | 1.10 | 3.87 | 9.67 | 4.97 | 1.946 | 1.08 | Bullish | Oct 20, 2019 | MSCI Austria | -6.39% |
| Belgium | 1.20 | 2.98 | 18.10 | 4.18 | 4.330 | 1.85 | Bearish | Oct 20, 2019 | MSCI Belgium | -4.07% |
| Brazil | 1.20 | 3.16 | 15.24 | 4.36 | 3.495 | 2.25 | Bearish | Jan 26, 2020 | MSCI Brazil USD | -9.71% |
| Canada | 1.70 | 3.08 | 16.23 | 4.78 | 3.395 | 1.9 | Bullish | Jan 06, 2019 | MSCI Canada Net USD | -0.64% |
| Chile | 3.30 | 3.85 | 14.94 | 7.15 | 2.090 | 1.45 | Bearish | Jan 19, 2020 | MSCI Chile Net USD | -10.36% |
| China | 5.50 | 1.98 | 14.22 | 7.48 | 1.901 | 1.74 | Bullish | Feb 02, 2020 | MSCI China Net USD | -7.04% |
| Colombia | 3.30 | 3.16 | 11.54 | 6.46 | 1.786 | 1.41 | Bearish | Jan 26, 2020 | MSCI Colombia | -8.17% |
| Czech Republic | 2.50 | 6.63 | 13.83 | 9.13 | 1.515 | 1.52 | Bearish | Oct 21, 2018 | MSCI Czech Republic | -3.90% |
| Denmark | 2.30 | 1.90 | 24.04 | 4.20 | 5.724 | 4.26 | Bullish | Feb 02, 2020 | MSCI Denmark | 3.02% |
| Egypt | 5.60 | 2.07 | 10.34 | 7.67 | 1.348 | 2.66 | Bullish | Dec 15, 2019 | MSCI Egypt | 1.82% |
| Finland | 2.20 | 3.94 | 22.71 | 6.14 | 3.699 | 2.34 | Bullish | Mar 31, 2019 | MSCI Finland | 1.00% |
| France | 0.80 | 3.07 | 17.57 | 3.87 | 4.540 | 1.76 | Bearish | Feb 05, 2018 | MSCI France | -3.28% |
| Germany | 0.50 | 3.03 | 19.18 | 3.53 | 5.433 | 1.57 | Bearish | Oct 07, 2018 | MSCI Germany | -2.91% |
| Greece | 2.30 | 2.48 | 17.10 | 4.78 | 3.577 | 0.8 | Bearish | Dec 01, 2019 | MSCI Greece | -4.36% |
| Hong Kong SAR | -3.10 | 3.18 | 13.69 | 0.08 | 171.125 | 1.22 | Bearish | Jul 28, 2019 | MSCI Hong Kong | -6.35% |
| Hungary | 5.00 | 1.99 | 9.16 | 6.99 | 1.310 | 1.39 | Bullish | Sep 23, 2018 | MSCI Hungary | -7.80% |
| India | 4.50 | 1.26 | 22.79 | 5.76 | 3.957 | 2.92 | Bullish | May 19, 2019 | MSCI India Net USD | -0.92% |
| Indonesia | 4.97 | 2.80 | 17.29 | 7.77 | 2.225 | 2.49 | Bearish | Jan 26, 2020 | MSCI Indonesia USD | -2.73% |
| Ireland | 5.00 | 1.99 | 19.00 | 6.99 | 2.718 | 1.81 | Bearish | May 05, 2019 | MSCI Ireland | -4.99% |
| Israel | 3.33 | 1.22 | 18.70 | 4.55 | 4.110 | 1.65 | Bearish | Dec 16, 2018 | MSCI Israel | 4.59% |
| Italy | 0.00 | 4.19 | 11.65 | 4.19 | 2.780 | 1.18 | Bullish | Feb 10, 2019 | MSCI Italy | -2.54% |
| Japan | 1.70 | 2.33 | 14.41 | 4.03 | 3.576 | 1.32 | Bullish | Jan 06, 2019 | MSCI Japan USD | -1.36% |
| Korea, South | 2.20 | 2.31 | 14.11 | 4.51 | 3.129 | 0.97 | Bearish | Jan 26, 2020 | MSCI Korea USD | -5.31% |
| Malaysia | 4.40 | 3.57 | 17.47 | 7.97 | 2.192 | 1.55 | Bearish | Feb 05, 2018 | MSCI Malaysia USD | -3.92% |
| Mexico | -0.30 | 3.13 | 13.92 | 2.83 | 4.919 | 2.03 | Bullish | Jan 06, 2019 | MSCI Mexico USD | -0.80% |
| Netherlands | 1.90 | 2.57 | 20.55 | 4.47 | 4.597 | 2.38 | Bullish | Mar 10, 2019 | MSCI Netherlands | -1.72% |
| New Zealand | 2.30 | 2.36 | 28.40 | 4.66 | 6.094 | 3.42 | Bullish | Oct 28, 2018 | MSCI New Zealand | 2.32% |
| Norway | 1.30 | 4.60 | 21.23 | 5.90 | 3.598 | 1.81 | Bullish | Dec 30, 2018 | MSCI Norway | -2.73% |
| Pakistan | 5.30 | 6.06 | 8.98 | 11.36 | 0.790 | 1.15 | Bearish | Jan 26, 2020 | MSCI Pakistan | -0.83% |
| Peru | 3.00 | 2.78 | 16.24 | 5.78 | 2.810 | 2.06 | Bearish | May 05, 2019 | MSCI Peru | -8.02% |
| Philippines | 6.40 | 1.73 | 17.10 | 8.13 | 2.103 | 1.95 | Bearish | Aug 04, 2019 | MSCI Philippines | -6.78% |
| Poland | 3.90 | 3.35 | 13.04 | 7.25 | 1.799 | 1.2 | Bearish | Jan 26, 2020 | MSCI Poland USD | -5.86% |
| Portugal | 1.90 | 4.06 | 28.79 | 5.96 | 4.831 | 2.31 | Bullish | Jun 02, 2019 | MSCI Portugal | 5.78% |
| Qatar | -1.40 | 3.80 | 14.51 | 2.40 | 6.046 | 2.02 | Bearish | Aug 04, 2019 | MSCI Qatar | -0.92% |
| Russia | 1.70 | 6.95 | 6.11 | 8.65 | 0.706 | 0.96 | Bearish | Jan 26, 2020 | MSCI Russia USD | -3.77% |
| Singapore | 0.80 | 4.26 | 12.63 | 5.06 | 2.496 | 1.24 | Bullish | Oct 28, 2018 | MSCI Singapore | -2.99% |
| South Africa | 0.10 | 3.17 | 17.02 | 3.27 | 5.205 | 1.99 | Bearish | Jan 26, 2020 | MSCI South Africa USD | -8.82% |
| Spain | 1.80 | 4.51 | 13.62 | 6.31 | 2.158 | 1.2 | Bearish | Feb 05, 2018 | MSCI Spain | -3.05% |
| Sweden | 1.60 | 3.62 | 17.31 | 5.22 | 3.316 | 2.23 | Bullish | Sep 08, 2019 | MSCI Sweden | -1.88% |
| Switzerland | 1.10 | 2.82 | 22.46 | 3.92 | 5.730 | 3.05 | Bearish | Feb 05, 2018 | MSCI Switzerland | -0.45% |
| Taiwan | 3.38 | 3.64 | 17.83 | 7.02 | 2.540 | 1.97 | Bearish | Jan 26, 2020 | MSCI Taiwan USD | -4.70% |
| Thailand | 2.40 | 3.18 | 18.07 | 5.58 | 3.238 | 1.94 | Bearish | Jan 26, 2020 | MSCI Thailand USD | -9.07% |
| Turkey | 0.90 | 3.36 | 9.16 | 4.26 | 2.150 | 1.2 | Bullish | Nov 03, 2019 | MSCI Turkey | 0.93% |
| United Arab Emirates | 2.20 | 4.99 | 10.02 | 7.19 | 1.394 | 1.27 | Bearish | Jun 17, 2018 | MSCI UAE | 0.86% |
| United Kingdom | 1.10 | 4.60 | 13.70 | 5.70 | 2.404 | 1.68 | Bearish | Feb 05, 2018 | MSCI UK | -4.13% |
| United States | 2.30 | 1.85 | 23.09 | 4.15 | 5.564 | 3.66 | Bullish | Jun 02, 2019 | MSCI USA USD | -0.77% |
| Vietnam | 6.97 | 1.47 | 19.07 | 8.44 | 2.259 | 3.31 | Bearish | Jan 26, 2020 | FTSE Vietnam | -4.38% |
| Economic Risk | Socioeconomic Risk | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | Unemployment | Unemployment Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Income Distribution GINI Index over 40 | Corruption Transparency Perception Index Score | Corporate Tax Rate | Corporate Tax Rate Score |
| Argentina | 50 | -4 | 52.9 | -4 | 9.7 | -1 | -5.4 | -1 | -1 | -2 | 30 | -1 | |
| Australia | 0.75 | 1 | 1.8 | 0 | 5.1 | 0 | -1.5 | 0 | 30 | -1 | |||
| Austria | 0 | 1 | 1.5 | 0 | 8.7 | -1 | 2.3 | 0 | 25 | 0 | |||
| Belgium | 0 | 1 | 1.41 | 0 | 5.2 | 0 | -1.3 | 0 | 29 | -1 | |||
| Brazil | 4.5 | 0 | 4.31 | -1 | 11 | -1 | -0.77 | 0 | -1 | -3 | 34 | -2 | |
| Canada | 1.75 | 0 | 2.2 | 0 | 5.6 | 0 | -2.6 | -1 | 26.5 | -1 | |||
| Chile | 1.75 | 0 | 3 | 0 | 7 | 0 | -3.1 | -1 | -1 | 27 | -1 | ||
| China | 4.15 | 0 | 4.5 | -1 | 3.62 | 0 | 0.4 | 0 | -1 | -1 | -2 | 25 | 0 |
| Colombia | 4.25 | 0 | 3.8 | 0 | 9.5 | -1 | -3.8 | -1 | -1 | -2 | 34 | -2 | |
| Czech Republic | 2 | 0 | 3.2 | 0 | 2.9 | 0 | 0.3 | 0 | -1 | -1 | 19 | 0 | |
| Denmark | -0.75 | -1 | 0.8 | 0 | 3.7 | 0 | 6.1 | 1 | 2 | 22 | 0 | ||
| Egypt | 12.25 | -2 | 7.1 | -1 | 7.8 | 0 | -2.4 | -1 | -3 | 22.5 | 0 | ||
| Finland | 0 | 1 | 0.9 | 0 | 6 | 0 | -1.9 | 0 | 1 | 20 | 0 | ||
| France | 0 | 1 | 1.5 | 0 | 8.6 | -1 | -0.6 | 0 | 33.3 | -2 | |||
| Germany | 0 | 1 | 1.7 | 0 | 3.2 | 0 | 7.6 | 1 | -1 | 30 | -1 | ||
| Greece | 0 | 1 | 0.8 | 0 | 16.6 | -3 | -1.1 | 0 | -1 | 24 | 0 | ||
| Hong Kong | 2 | 0 | 2.9 | 0 | 3.3 | 0 | 4.3 | 1 | 16.5 | 0 | |||
| Hungary | 0.9 | 1 | 4 | 0 | 3.3 | 0 | 0.4 | 0 | -1 | -2 | 9 | 2 | |
| India | 5.15 | 1 | 7.35 | -1 | 7.6 | 0 | -2.1 | -1 | -2 | 25.17 | -1 | ||
| Indonesia | 5 | 0 | 2.68 | 0 | 5.28 | 0 | -3 | -1 | -2 | 25 | 0 | ||
| Ireland | 0 | 1 | 1.3 | 0 | 4.8 | 0 | 10.6 | 2 | 12.5 | 1 | |||
| Israel | 0.25 | 1 | 0.6 | 0 | 3.4 | 0 | 1.9 | 0 | 24 | 0 | |||
| Italy | 0 | 1 | 0.6 | 0 | 9.8 | -1 | 2.6 | 0 | -1 | -1 | 24 | 0 | |
| Japan | -0.1 | -1 | 0.8 | 0 | 2.2 | 0 | 3.5 | 0 | -1 | 30.62 | -2 | ||
| Korea, South | 1.25 | 0 | 1.5 | 0 | 3.8 | 0 | 4.7 | 1 | -1 | 25 | 0 | ||
| Malaysia | 3.25 | 0 | 1 | 0 | 3.2 | 0 | 2.3 | 0 | -1 | -1 | 24 | 0 | |
| Mexico | 7.75 | 1 | 2.83 | 0 | 2.9 | 0 | -1.8 | 0 | -1 | -4 | 30 | -1 | |
| Netherlands | 0 | 1 | 2.7 | 0 | 3.2 | 0 | 11.2 | 2 | 25 | 0 | |||
| New Zealand | 1 | 1 | 1.9 | 0 | 4 | 0 | -3.6 | -1 | 2 | 28 | -1 | ||
| Norway | 1.5 | 0 | 1.4 | 0 | 4 | 0 | 7.1 | 1 | 1 | 22 | 0 | ||
| Pakistan | 13.25 | -2 | 13.07 | -2 | 5.7 | 0 | -4.8 | -1 | 31 | -2 | |||
| Peru | 2.25 | 0 | 1.89 | 0 | 6.1 | 0 | -1.5 | 0 | -1 | -3 | 29.5 | -1 | |
| Philippines | 3.75 | 0 | 2.9 | 0 | 4.5 | 0 | -2.4 | -1 | -1 | -3 | 30 | -1 | |
| Poland | 1.5 | 0 | 3.4 | 0 | 5.2 | 0 | -1 | 0 | -1 | -1 | 19 | 0 | |
| Portugal | 0 | 1 | 0.8 | 0 | 6.7 | 0 | 0.1 | 0 | 21 | 0 | |||
| Qatar | 4.25 | 0 | -0.33 | -2 | 0.1 | -1 | 8.7 | 2 | 10 | 1 | |||
| Russia | 6.25 | 1 | 3 | 0 | 4.6 | 0 | 7 | 1 | -1 | -4 | 20 | 0 | |
| Singapore | 1.36 | 0 | 0.8 | 0 | 2.3 | 0 | 17.7 | 2 | 1 | 17 | 0 | ||
| South Africa | 6.25 | 1 | 4 | 0 | 29.1 | -3 | -3.5 | -1 | -1 | -2 | 28 | -1 | |
| Spain | 0 | 1 | 1.1 | 0 | 13.8 | -2 | 1.9 | 0 | 25 | 0 | |||
| Sweden | 0 | 1 | 1.8 | 0 | 6 | 0 | 1.7 | 0 | 1 | 21.4 | 0 | ||
| Switzerland | -0.75 | -1 | 0.2 | 0 | 2.5 | 0 | 10.2 | 2 | 1 | 18 | 0 | ||
| Taiwan | 1.38 | 0 | 1.85 | 0 | 3.72 | 0 | 11.6 | 2 | 20 | 0 | |||
| Thailand | 1 | 1 | 1.05 | 0 | 1 | 0 | 7.5 | 1 | -1 | -3 | 20 | 0 | |
| Turkey | 11.25 | -2 | 12.5 | -2 | 13.4 | -2 | -3.5 | -1 | -1 | -2 | 22 | 0 | |
| United Arab Emirates | 2 | 0 | -1.4 | -2 | 2.57 | 0 | 9.1 | 2 | 0 | -1 | |||
| United Kingdom | 0.75 | 1 | 1.3 | 0 | 3.8 | 0 | -4.3 | -1 | 19 | 0 | |||
| United States | 1.75 | 0 | 2.3 | 0 | 3.5 | 0 | -2.4 | -1 | -1 | 21 | 0 | ||
| Vietnam | 6 | 1 | 6.43 | -1 | 2.15 | 0 | 3 | 0 | -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 | 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 | 86.2 | -1 | 1 | -1 | -1 | 0 | -20 | 70.00% | |||
| Australia | 100 | 2 | 40.7 | 0 | 1 | -1 | -1 | 0 | 0 | -1 (a) | 0 | 0.00% | |
| Austria | 96 | 1 | 73.8 | 0 | 1 | -1 | 0 | 0 | 1 | -5.00% | |||
| Belgium | 88 | 0 | 102 | -2 | 1 | 0 | -1 | -2 | 0.00% | ||||
| Brazil | 42 | -2 | 77.22 | 0 | 1 | -1 | -1 | 0 | -11 | 40.00% | |||
| Canada | 99 | 1 | 89.7 | -1 | 2 | 1 | -1 | -1 | 0 | 0 | -1 | 0.00% | |
| Chile | 80 | -1 | 25.6 | 0 | 2 | 1 | -1 | -1 | 0 | -3 | 10.00% | ||
| China | 80 | -1 | 50.5 | 0 | 2 | -3 | -1 | -1 | 0 | -2 (b) | -11 | 40.00% | |
| Colombia | 58 | -1 | 50.5 | 0 | 2 | -1 | -1 | -8 | 30.00% | ||||
| Czech Republic | 83 | 0 | 32.7 | 0 | 1 | 0 | 0 | -1 | 0.00% | ||||
| Denmark | 100 | 2 | 34.1 | 0 | 1 | 0 | -1 | 4 | -10.00% | ||||
| Egypt | 30 | -3 | 90.5 | -1 | 2 | -1 | -1 | -11 | 40.00% | ||||
| Finland | 96 | 1 | 58.9 | 0 | 1 | 0 | 0 | 4 | -10.00% | ||||
| France | 92 | 0 | 98.4 | -1 | 1 | 1 | 0 | -1 | -2 | 0.00% | |||
| Germany | 100 | 2 | 61.9 | 0 | 1 | 0 | -1 | 2 | -5.00% | ||||
| Greece | 36 | -3 | 181 | -2 | 2 | 1 | -1 | -1 | -7 | 30.00% | |||
| Hong Kong | 91 | 0 | 38.4 | 0 | 2 | 1 | 0 | 0 | -1 (b) | 3 | -10.00% | ||
| Hungary | 56 | -1 | 70.8 | 0 | 2 | 0 | 0 | 1 | -5.00% | ||||
| India | 57 | -1 | 69.62 | 0 | 2 | -2 | -1 | -1 | -1 | -8 | 30.00% | ||
| Indonesia | 58 | -1 | 29.8 | 0 | 2 | -1 | -1 | -1 | -1 | -6 | 20.00% | ||
| Ireland | 78 | -1 | 63.6 | 0 | 1 | 0 | -1 | 3 | -10.00% | ||||
| Israel | 80 | -1 | 60 | 0 | 1 | -1 | -1 | -1 | 0.00% | ||||
| Italy | 62 | -1 | 135 | -2 | 1 | -1 | 0 | -1 | -6 | 20.00% | |||
| Japan | 77 | -1 | 238 | -2 | 2 | -1 | -1 | -1 | -8 | 30.00% | |||
| Korea, South | 86 | 0 | 36.6 | 0 | 2 | -1 | -1 | -1 | 0 | -1 | 0.00% | ||
| Malaysia | 66 | -1 | 51.8 | 0 | 2 | -1 | -1 | -1 | -4 | 10.00% | |||
| Mexico | 63 | -1 | 46 | 0 | 2 | -1 | -1 | 0 | 0 | -6 | 20.00% | ||
| Netherlands | 100 | 2 | 52.4 | 0 | 1 | 1 | 0 | 0 | 7 | -20.00% | |||
| New Zealand | 93 | 0 | 19.9 | 1 | 1 | -1 | 0 | 0 | 2 | -5.00% | |||
| Norway | 99 | 1 | 36.3 | 0 | 1 | 0 | 0 | 4 | -10.00% | ||||
| Pakistan | 25 | -3 | 72.5 | 0 | 2 | -1 | -1 | -10 | 40.00% | ||||
| Peru | 65 | -1 | 26.8 | 0 | 2 | 1 | 0 | -1 | -4 | 10.00% | |||
| Philippines | 60 | -1 | 41.9 | 0 | 2 | -1 | -1 | -1 | -8 | 30.00% | |||
| Poland | 71 | -1 | 48.9 | 0 | 2 | 0 | 0 | -1 | 0.00% | ||||
| Portugal | 71 | -1 | 122 | -2 | 1 | 0 | 0 | -1 | 0.00% | ||||
| Qatar | 85 | 0 | 48.4 | 0 | 2 | 0 | 0 | 2 | -5.00% | ||||
| Russia | 56 | -1 | 14.6 | 1 | 2 | -1 | -1 | -2 | -1 | -6 | 20.00% | ||
| Singapore | 98 | 1 | 112 | -2 | 2 | 1 | -1 | -1 | -1 (b) | 2 | -5.00% | ||
| South Africa | 50 | -2 | 55.8 | 0 | 2 | 0 | 0 | -7 | 30.00% | ||||
| Spain | 70 | -1 | 97.6 | -1 | 1 | -1 | -1 | -4 | 10.00% | ||||
| Sweden | 99 | 1 | 38.8 | 0 | 1 | 0 | 0 | 4 | -10.00% | ||||
| Switzerland | 100 | 2 | 40.9 | 0 | 2 | 0 | 0 | 6 | -15.00% | ||||
| Taiwan | 83 | 0 | 30.9 | 0 | 2 | -1 | 0 | 3 | -10.00% | ||||
| Thailand | 65 | -1 | 41.8 | 0 | 2 | -1 | -1 | -3 | 10.00% | ||||
| Turkey | 36 | -3 | 30.4 | 0 | 2 | -1 | -1 | -2 | -1 | -16 | 60.00% | ||
| United Arab Emirates | 90 | 0 | -1.4 | 2 | 2 | 0 | 0 | 3 | -10.00% | ||||
| United Kingdom | 92 | 0 | 80.8 | -1 | 2 | -1 | -1 | -1 | -2 | 0.00% | |||
| United States | 98 | 1 | 106 | -2 | 1 | -3 | 0 | -1 | -1 (c) | -7 | 30.00% | ||
| Vietnam | 43 | -2 | 57.5 | 0 | 2 | -1 | 0 | -3 | 10.00% | ||||
Notes
(a) Forest Fires
(b) COVID-19
(c) Impeachment of President Trump
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Jan 31 2020 |
|---|---|---|---|
| Greece | 0.8 | Bearish | -4.36% |
| Russia | 0.96 | Bearish | -3.77% |
| Korea, South | 0.97 | Bearish | -5.31% |
| Austria | 1.08 | Bullish | -6.39% |
| Pakistan | 1.15 | Bearish | -0.83% |
| Italy | 1.18 | Bullish | -2.54% |
| Poland | 1.2 | Bearish | -5.86% |
| Spain | 1.2 | Bearish | -3.05% |
| Turkey | 1.2 | Bullish | 0.93% |
| Hong Kong SAR | 1.22 | Bearish | -6.35% |
| Singapore | 1.24 | Bullish | -2.99% |
| United Arab Emirates | 1.27 | Bearish | 0.86% |
| Argentina | 1.32 | Bullish | -2.59% |
| Japan | 1.32 | Bullish | -1.36% |
| Hungary | 1.39 | Bullish | -7.80% |
| Colombia | 1.41 | Bearish | -8.17% |
| Chile | 1.45 | Bearish | -10.36% |
| Czech Republic | 1.52 | Bearish | -3.90% |
| Malaysia | 1.55 | Bearish | -3.92% |
| Germany | 1.57 | Bearish | -2.91% |
| Israel | 1.65 | Bearish | 4.59% |
| United Kingdom | 1.68 | Bearish | -4.13% |
| China | 1.74 | Bullish | -7.04% |
| France | 1.76 | Bearish | -3.28% |
| Ireland | 1.81 | Bearish | -4.99% |
| Norway | 1.81 | Bullish | -2.73% |
| Belgium | 1.85 | Bearish | -4.07% |
| Canada | 1.9 | Bullish | -0.64% |
| Thailand | 1.94 | Bearish | -9.07% |
| Philippines | 1.95 | Bearish | -6.78% |
| Taiwan | 1.97 | Bearish | -4.70% |
| South Africa | 1.99 | Bearish | -8.82% |
| Qatar | 2.02 | Bearish | -0.92% |
| Mexico | 2.03 | Bullish | -0.80% |
| Peru | 2.06 | Bearish | -8.02% |
| Australia | 2.21 | Bullish | 0.09% |
| Sweden | 2.23 | Bullish | -1.88% |
| Brazil | 2.25 | Bearish | -9.71% |
| Portugal | 2.31 | Bullish | 5.78% |
| Finland | 2.34 | Bullish | 1.00% |
| Netherlands | 2.38 | Bullish | -1.72% |
| Indonesia | 2.49 | Bearish | -2.73% |
| Egypt | 2.66 | Bullish | 1.82% |
| India | 2.92 | Bullish | -0.92% |
| Switzerland | 3.05 | Bearish | -0.45% |
| Vietnam | 3.31 | Bearish | -4.38% |
| New Zealand | 3.42 | Bullish | 2.32% |
| United States | 3.66 | Bullish | -0.77% |
| Denmark | 4.26 | Bullish | 3.02% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Jan 31 2020 |
|---|---|---|---|
| Russia | 0.706 | Bearish | -3.77% |
| Pakistan | 0.790 | Bearish | -0.83% |
| Hungary | 1.310 | Bullish | -7.80% |
| Egypt | 1.348 | Bullish | 1.82% |
| United Arab Emirates | 1.394 | Bearish | 0.86% |
| Czech Republic | 1.515 | Bearish | -3.90% |
| Colombia | 1.786 | Bearish | -8.17% |
| Poland | 1.799 | Bearish | -5.86% |
| China | 1.901 | Bullish | -7.04% |
| Austria | 1.946 | Bullish | -6.39% |
| Chile | 2.090 | Bearish | -10.36% |
| Philippines | 2.103 | Bearish | -6.78% |
| Turkey | 2.150 | Bullish | 0.93% |
| Spain | 2.158 | Bearish | -3.05% |
| Malaysia | 2.192 | Bearish | -3.92% |
| Indonesia | 2.225 | Bearish | -2.73% |
| Vietnam | 2.259 | Bearish | -4.38% |
| United Kingdom | 2.404 | Bearish | -4.13% |
| Singapore | 2.496 | Bullish | -2.99% |
| Taiwan | 2.540 | Bearish | -4.70% |
| Ireland | 2.718 | Bearish | -4.99% |
| Italy | 2.780 | Bullish | -2.54% |
| Peru | 2.810 | Bearish | -8.02% |
| Korea, South | 3.129 | Bearish | -5.31% |
| Australia | 3.198 | Bullish | 0.09% |
| Thailand | 3.238 | Bearish | -9.07% |
| Sweden | 3.316 | Bullish | -1.88% |
| Canada | 3.395 | Bullish | -0.64% |
| Brazil | 3.495 | Bearish | -9.71% |
| Japan | 3.576 | Bullish | -1.36% |
| Greece | 3.577 | Bearish | -4.36% |
| Norway | 3.598 | Bullish | -2.73% |
| Finland | 3.699 | Bullish | 1.00% |
| India | 3.957 | Bullish | -0.92% |
| Israel | 4.110 | Bearish | 4.59% |
| Belgium | 4.330 | Bearish | -4.07% |
| France | 4.540 | Bearish | -3.28% |
| Netherlands | 4.597 | Bullish | -1.72% |
| Portugal | 4.831 | Bullish | 5.78% |
| Mexico | 4.919 | Bullish | -0.80% |
| South Africa | 5.205 | Bearish | -8.82% |
| Germany | 5.433 | Bearish | -2.91% |
| United States | 5.564 | Bullish | -0.77% |
| Argentina | 5.577 | Bullish | -2.59% |
| Denmark | 5.724 | Bullish | 3.02% |
| Switzerland | 5.730 | Bearish | -0.45% |
| Qatar | 6.046 | Bearish | -0.92% |
| New Zealand | 6.094 | Bullish | 2.32% |
| Hong Kong SAR | 171.125 | Bearish | -6.35% |
| 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 % Jan 31 2020 |
|---|---|---|---|---|---|---|---|
| Russia | 0.706 | 20.00% | 0.14 | 0.848 | Bearish | Jan 26, 2020 | -3.77% |
| Pakistan | 0.790 | 40.00% | 0.32 | 1.107 | Bearish | Jan 26, 2020 | -0.83% |
| Hungary | 1.310 | -5.00% | -0.07 | 1.245 | Bullish | Sep 23, 2018 | -7.80% |
| United Arab Emirates | 1.394 | -10.00% | -0.14 | 1.254 | Bearish | Jun 17, 2018 | 0.86% |
| Czech Republic | 1.515 | 0.00% | 0.00 | 1.515 | Bearish | Oct 21, 2018 | -3.90% |
| Poland | 1.799 | 0.00% | 0.00 | 1.799 | Bearish | Jan 26, 2020 | -5.86% |
| Austria | 1.946 | -5.00% | -0.10 | 1.848 | Bullish | Oct 20, 2019 | -6.39% |
| Egypt | 1.348 | 40.00% | 0.54 | 1.887 | Bullish | Dec 15, 2019 | 1.82% |
| Taiwan | 2.540 | -10.00% | -0.25 | 2.286 | Bearish | Jan 26, 2020 | -4.70% |
| Chile | 2.090 | 10.00% | 0.21 | 2.298 | Bearish | Jan 19, 2020 | -10.36% |
| Colombia | 1.786 | 30.00% | 0.54 | 2.322 | Bearish | Jan 26, 2020 | -8.17% |
| Singapore | 2.496 | -5.00% | -0.12 | 2.371 | Bullish | Oct 28, 2018 | -2.99% |
| Spain | 2.158 | 10.00% | 0.22 | 2.374 | Bearish | Feb 05, 2018 | -3.05% |
| United Kingdom | 2.404 | 0.00% | 0.00 | 2.404 | Bearish | Feb 05, 2018 | -4.13% |
| Malaysia | 2.192 | 10.00% | 0.22 | 2.411 | Bearish | Feb 05, 2018 | -3.92% |
| Ireland | 2.718 | -10.00% | -0.27 | 2.446 | Bearish | May 05, 2019 | -4.99% |
| Vietnam | 2.259 | 10.00% | 0.23 | 2.485 | Bearish | Jan 26, 2020 | -4.38% |
| China | 1.901 | 40.00% | 0.76 | 2.661 | Bullish | Feb 02, 2020 | -7.04% |
| Indonesia | 2.225 | 20.00% | 0.45 | 2.670 | Bearish | Jan 26, 2020 | -2.73% |
| Philippines | 2.103 | 30.00% | 0.63 | 2.734 | Bearish | Aug 04, 2019 | -6.78% |
| Sweden | 3.316 | -10.00% | -0.33 | 2.984 | Bullish | Sep 08, 2019 | -1.88% |
| Peru | 2.810 | 10.00% | 0.28 | 3.091 | Bearish | May 05, 2019 | -8.02% |
| Korea, South | 3.129 | 0.00% | 0.00 | 3.129 | Bearish | Jan 26, 2020 | -5.31% |
| Australia | 3.198 | 0.00% | 0.00 | 3.198 | Bullish | Jan 06, 2019 | 0.09% |
| Norway | 3.598 | -10.00% | -0.36 | 3.238 | Bullish | Dec 30, 2018 | -2.73% |
| Finland | 3.699 | -10.00% | -0.37 | 3.329 | Bullish | Mar 31, 2019 | 1.00% |
| Italy | 2.780 | 20.00% | 0.56 | 3.337 | Bullish | Feb 10, 2019 | -2.54% |
| Canada | 3.395 | 0.00% | 0.00 | 3.395 | Bullish | Jan 06, 2019 | -0.64% |
| Turkey | 2.150 | 60.00% | 1.29 | 3.440 | Bullish | Nov 03, 2019 | 0.93% |
| Thailand | 3.238 | 10.00% | 0.32 | 3.562 | Bearish | Jan 26, 2020 | -9.07% |
| Netherlands | 4.597 | -20.00% | -0.92 | 3.678 | Bullish | Mar 10, 2019 | -1.72% |
| Israel | 4.110 | 0.00% | 0.00 | 4.110 | Bearish | Dec 16, 2018 | 4.59% |
| Belgium | 4.330 | 0.00% | 0.00 | 4.330 | Bearish | Oct 20, 2019 | -4.07% |
| France | 4.540 | 0.00% | 0.00 | 4.540 | Bearish | Feb 05, 2018 | -3.28% |
| Japan | 3.576 | 30.00% | 1.07 | 4.648 | Bullish | Jan 06, 2019 | -1.36% |
| Greece | 3.577 | 30.00% | 1.07 | 4.651 | Bearish | Dec 01, 2019 | -4.36% |
| Portugal | 4.831 | 0.00% | 0.00 | 4.831 | Bullish | Jun 02, 2019 | 5.78% |
| Switzerland | 5.730 | -15.00% | -0.86 | 4.870 | Bearish | Feb 05, 2018 | -0.45% |
| Brazil | 3.495 | 40.00% | 1.40 | 4.894 | Bearish | Jan 26, 2020 | -9.71% |
| India | 3.957 | 30.00% | 1.19 | 5.144 | Bullish | May 19, 2019 | -0.92% |
| Denmark | 5.724 | -10.00% | -0.57 | 5.151 | Bullish | Feb 02, 2020 | 3.02% |
| Germany | 5.433 | -5.00% | -0.27 | 5.162 | Bearish | Oct 07, 2018 | -2.91% |
| Qatar | 6.046 | -5.00% | -0.30 | 5.744 | Bearish | Aug 04, 2019 | -0.92% |
| New Zealand | 6.094 | -5.00% | -0.30 | 5.790 | Bullish | Oct 28, 2018 | 2.32% |
| Mexico | 4.919 | 20.00% | 0.98 | 5.902 | Bullish | Jan 06, 2019 | -0.80% |
| South Africa | 5.205 | 30.00% | 1.56 | 6.766 | Bearish | Jan 26, 2020 | -8.82% |
| United States | 5.564 | 30.00% | 1.67 | 7.233 | Bullish | Jun 02, 2019 | -0.77% |
| Argentina | 5.577 | 70.00% | 3.90 | 9.480 | Bullish | Nov 17, 2019 | -2.59% |
| Hong Kong SAR | 171.125 | -10.00% | -17.11 | 154.013 | Bearish | Jul 28, 2019 | -6.35% |
Country Value and Growth Factors November 29, 2019
| Country | 2019 GDP Annual Growth Rate Change | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Nov 29 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 0.6 | 3.10 | 6.97 | 3.70 | 1.884 | 1.1 | Bullish | Nov 17, 2019 | MSCI Argentina | -32.06% |
| Australia | 1.70 | 4.10 | 17.76 | 5.80 | 3.062 | 2.16 | Bullish | Jan 06, 2019 | MSCI Australia USD | 21.13% |
| Austria | 1.5 | 3.73 | 10.05 | 5.23 | 1.922 | 1.12 | Bullish | Oct 20, 2019 | MSCI Austria | 10.68% |
| Belgium | 1.60 | 2.93 | 18.35 | 4.53 | 4.051 | 1.88 | Bearish | Oct 27, 2019 | MSCI Belgium | 19.64% |
| Brazil | 1.20 | 3.46 | 14.38 | 4.66 | 3.086 | 2.16 | Bearish | Nov 03, 2019 | MSCI Brazil USD | 12.43% |
| Canada | 1.60 | 3.07 | 16.16 | 4.67 | 3.460 | 1.89 | Bullish | Jan 06, 2019 | MSCI Canada USD | 24.27% |
| Chile | 3.30 | 3.84 | 15.36 | 7.14 | 2.151 | 1.47 | Bearish | Oct 20, 2019 | MSCI Chile USD | -25.03% |
| China | 6.00 | 2.00 | 13.13 | 8.00 | 1.641 | 1.7 | Bearish | Jul 28, 2019 | MSCI China USD | 8.99% |
| Colombia | 0.60 | 3.14 | 11.41 | 3.74 | 3.051 | 1.38 | Bearish | Nov 24, 2019 | MSCI Colombia | 13.08% |
| Czech Republic | 2.50 | 5.97 | 12.04 | 8.47 | 1.421 | 1.32 | Bearish | Oct 21, 2018 | MSCI Czech Republic | -3.82% |
| Denmark | 2.20 | 2.00 | 22.56 | 4.20 | 5.371 | 4.33 | Bearish | Dec 16, 2018 | MSCI Denmark | 9.34% |
| Egypt | 5.60 | 2.20 | 9.76 | 7.80 | 1.251 | 2.47 | Bearish | Sep 22, 2019 | MSCI Egypt | 16.66% |
| Finland | 2.20 | 4.14 | 21.48 | 6.34 | 3.388 | 2.21 | Bullish | Mar 31, 2019 | MSCI Finland | 4.72% |
| France | 1.40 | 3.03 | 17.80 | 4.43 | 4.018 | 1.78 | Bearish | Feb 05, 2018 | MSCI France | 25.01% |
| Germany | 0.50 | 2.98 | 19.97 | 3.48 | 5.739 | 1.64 | Bearish | Oct 07, 2018 | MSCI Germany | 17.34% |
| Greece | 2.30 | 2.35 | 19.03 | 4.65 | 4.092 | 0.85 | Bullish | Oct 06, 2019 | MSCI Greece | 41.79% |
| Hong Kong SAR | -2.90 | 3.14 | 13.91 | 0.24 | 57.958 | 1.24 | Bearish | Jul 28, 2019 | MSCI Hong Kong | 2.94% |
| Hungary | 5.00 | 1.96 | 9.30 | 6.96 | 1.336 | 1.41 | Bullish | Sep 23, 2018 | MSCI Hungary | 12.55% |
| India | 4.50 | 1.26 | 22.33 | 5.76 | 3.877 | 2.91 | Bullish | May 19, 2019 | MSCI India USD | 5.67% |
| Indonesia | 5.02 | 2.79 | 17.10 | 7.81 | 2.190 | 2.48 | Bullish | May 19, 2019 | MSCI Indonesia USD | 1.87% |
| Ireland | 5.80 | 1.92 | 19.46 | 7.72 | 2.521 | 1.91 | Bearish | May 05, 2019 | MSCI Ireland | 17.18% |
| Israel | 3.33 | 1.25 | 18.06 | 4.58 | 3.943 | 1.62 | Bearish | Dec 16, 2018 | MSCI Israel | 9.90% |
| Italy | 0.30 | 4.17 | 12.25 | 4.47 | 2.740 | 1.22 | Bullish | Feb 10, 2019 | MSCI Italy | 7.93% |
| Japan | 1.30 | 2.32 | 14.60 | 3.62 | 4.033 | 1.33 | Bullish | Jan 06, 2019 | MSCI Japan USD | 17.17% |
| Korea, South | 2.00 | 2.45 | 13.42 | 4.45 | 3.016 | 0.93 | Bearish | Mar 03, 2019 | MSCI Korea USD | 2.20% |
| Malaysia | 4.40 | 3.48 | 17.80 | 7.88 | 2.259 | 1.58 | Bearish | Feb 05, 2018 | MSCI Malaysia USD | -5.78% |
| Mexico | -0.30 | 3.22 | 16.08 | 2.92 | 5.507 | 2 | Bullish | Jan 06, 2019 | MSCI Mexico USD | 6.31% |
| Netherlands | 1.90 | 2.56 | 20.12 | 4.46 | 4.511 | 2.44 | Bullish | Mar 10, 2019 | MSCI Netherlands | 28.78% |
| New Zealand | 2.10 | 2.44 | 27.96 | 4.54 | 6.159 | 3.33 | Bullish | Oct 28, 2018 | MSCI New Zealand | 23.45% |
| Norway | 1.30 | 4.57 | 21.28 | 5.87 | 3.625 | 1.81 | Bullish | Dec 30, 2018 | MSCI Norway | 5.92% |
| Pakistan | 5.20 | 6.49 | 8.39 | 11.69 | 0.718 | 1.08 | Bullish | Sep 08, 2019 | MSCI Pakistan USD | -3.31% |
| Peru | 3.00 | 2.65 | 17.30 | 5.65 | 3.062 | 2.21 | Bearish | May 05, 2019 | MSCI Peru | 8.49% |
| Philippines | 6.20 | 1.61 | 18.60 | 7.81 | 2.382 | 2.12 | Bearish | Aug 04, 2019 | MSCI Philippines USD | 20.05% |
| Poland | 3.90 | 3.21 | 13.60 | 7.11 | 1.913 | 1.25 | Bullish | Sep 08, 2019 | MSCI Poland USD | 18.08% |
| Portugal | 1.90 | 4.43 | 25.83 | 6.33 | 4.081 | 2.13 | Bullish | Jun 02, 2019 | MSCI Portugal | 10.43% |
| Qatar | -1.40 | 3.89 | 14.05 | 2.49 | 5.643 | 1.97 | Bearish | Aug 04, 2019 | MSCI Qatar | -7.83% |
| Russia | 1.70 | 6.91 | 5.67 | 8.61 | 0.659 | 0.94 | Bullish | Oct 20, 2019 | MSCI Russia | 39.84% |
| Singapore | 0.50 | 4.25 | 12.75 | 4.75 | 2.684 | 1.25 | Bullish | Oct 28, 2018 | MSCI Singapore USD | 8.18% |
| South Africa | 0.10 | 3.24 | 16.81 | 3.34 | 5.033 | 1.95 | Bearish | Nov 24, 2019 | MSCI South Africa USD | 0.34% |
| Spain | 2.00 | 4.53 | 13.26 | 6.53 | 2.031 | 1.21 | Bearish | Feb 05, 2018 | MSCI Spain | 8.62% |
| Sweden | 1.60 | 3.64 | 17.08 | 5.24 | 3.260 | 2.17 | Bullish | Sep 08, 2019 | MSCI Sweden | 9.83% |
| Switzerland | 1.10 | 2.83 | 22.10 | 3.93 | 5.623 | 3.01 | Bearish | Feb 05, 2018 | MSCI Switzerland | 25.65% |
| Taiwan | 2.99 | 3.68 | 17.87 | 6.67 | 2.679 | 1.97 | Bearish | May 12, 2019 | MSCI Taiwan USD | 26.95% |
| Thailand | 2.40 | 2.96 | 19.00 | 5.36 | 3.545 | 2.03 | Bullish | Oct 28, 2018 | MSCI Thailand USD | 8.50% |
| Turkey | 0.90 | 3.62 | 8.37 | 4.52 | 1.852 | 1.14 | Bullish | Nov 03, 2019 | MSCI Turkey | 17.21% |
| United Arab Emirates | 2.20 | 5.08 | 9.84 | 7.28 | 1.352 | 1.25 | Bearish | Jun 17, 2018 | MSCI UAE | -1.56% |
| United Kingdom | 1.00 | 4.60 | 13.72 | 5.60 | 2.450 | 1.7 | Bearish | Feb 05, 2018 | MSCI UK | 7.93% |
| United States | 2.10 | 1.86 | 22.49 | 3.96 | 5.679 | 3.56 | Bullish | Jun 02, 2019 | MSCI USA USD | 25.45% |
| Vietnam | 7.31 | 1.38 | 20.31 | 8.69 | 2.337 | 3.54 | Bullish | Feb 10, 2019 | FTSE Vietnam | 7.58% |
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | General Government Gross Debt as % of GDP | Debt Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Unemployment | Unemployment Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Index under 40 | Trade Dispute More than 10 cases on WTO | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.2 | Government Friendly to Business | Political Stability | Territorial Disputes/wars | Internal Conflict/ Terrorism | Total Score | % Modifier |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 63 | -4 | 50.5 | -4 | 86.2 | -1 | -5.4 | -1 | 10.6 | -1 | -1 | -1 | 1 | -1 | 0 | -13 | 50% | ||||
| Australia | 0.75 | 1 | 1.7 | 40.7 | -1.5 | 5.3 | -1 | 2 | 0 | 0 | 2 | -5% | |||||||||
| Austria | 0 | 1 | 1.1 | 73.8 | 2.3 | 7.3 | -1 | -1 | 1 | 0 | 0 | 0 | 0% | ||||||||
| Belgium | 0 | 1 | 0.39 | 102 | -2 | -1.3 | 5.6 | 1 | 0 | -1 | -1 | 0% | |||||||||
| Brazil | 5 | 2.54 | 77.22 | -0.77 | 11.6 | -1 | -2 | -2 | 2 | -1 | 0 | -4 | 10% | ||||||||
| Canada | 1.9 | 1.9 | 89.7 | -1 | -2.6 | -1 | 5.5 | -2 | -1 | 1 | 2 | 0 | 0 | -2 | 0% | ||||||
| Chile | 1.75 | 2.7 | 25.6 | -3.1 | -1 | 7 | -1 | -1 | -1 | 1 | 2 | -1 | 0 | -2 | 0% | ||||||
| China | 4.15 | 3.8 | 50.5 | 0.4 | -1 | 3.61 | -1 | -3 | -1 | 2 | -1 | 0 | -5 | 20% | |||||||
| Colombia | 4.25 | 3.84 | 50.5 | -3.8 | -1 | 9.8 | -1 | -1 | 2 | -1 | -1 | -3 | 10% | ||||||||
| Czech Republic | 2 | 2.7 | 32.7 | 0.3 | -1 | 2.6 | 1 | 0 | 0 | 0 | 0% | ||||||||||
| Denmark | -0.75 | -1 | 0.6 | 34.1 | 6.1 | 1 | 3.7 | 1 | 0 | -1 | 0 | 0% | |||||||||
| Egypt | 12.25 | -2 | 3.1 | 90.5 | -1 | -2.4 | -1 | 7.8 | -1 | -2 | 2 | -1 | -1 | -7 | 30% | ||||||
| Finland | 0 | 1 | 0.7 | 58.9 | -1.9 | 6.2 | -1 | 1 | 0 | 0 | 1 | -5% | |||||||||
| France | 0 | 1 | 1 | 98.4 | -1 | -0.6 | 8.6 | -1 | 1 | 1 | 0 | -1 | 0 | 0% | |||||||
| Germany | 0 | 1 | 1.1 | 61.9 | 7.6 | 1 | -1 | 3.1 | 1 | 0 | -1 | 1 | -5% | ||||||||
| Greece | 0 | 1 | -0.7 | -2 | 181 | -2 | -1.1 | 16.7 | -2 | 2 | -1 | -1 | -5 | 20% | |||||||
| Hong Kong | 2 | 3.1 | 38.4 | 4.3 | 1 | 3.1 | 1 | 0 | -1 | 1 | -5% | ||||||||||
| Hungary | 0.9 | 1 | 2.9 | 70.8 | 0.4 | -1 | 3.5 | 2 | 0 | 0 | 2 | -5% | |||||||||
| India | 5.15 | -1 | 4.62 | -1 | 68.3 | -2.3 | -1 | 8.5 | -1 | -1 | -1 | -1 | 1 | 2 | -1 | -1 | -6 | 20% | |||
| Indonesia | 5 | 3 | 29.8 | -3 | -1 | 5.28 | -1 | -1 | -1 | 2 | -1 | -1 | -4 | 10% | |||||||
| Ireland | 0 | 1 | 0.7 | 63.6 | 10.6 | 2 | 4.8 | 1 | 0 | -1 | 3 | -10% | |||||||||
| Israel | 0.25 | 1 | 0.4 | 61 | 1.9 | 3.4 | 1 | -1 | -1 | 0 | 0% | ||||||||||
| Italy | 0 | 1 | 0.4 | 135 | -2 | 2.6 | -1 | 9.7 | -1 | 1 | 0 | -1 | -3 | 10% | |||||||
| Japan | -0.1 | -1 | 0.2 | 238 | -3 | 3.5 | -1 | 2.4 | -1 | -1 | 1 | 2 | -1 | -1 | -6 | 20% | |||||
| Korea, South | 1.25 | 0.2 | 36.6 | 4.7 | 1 | -1 | 3.5 | -1 | 1 | -1 | 0 | -1 | 0% | ||||||||
| Malaysia | 3 | 1.1 | -1 | 51.8 | 2.3 | 3.3 | 2 | -1 | -1 | -1 | 0% | ||||||||||
| Mexico | 7.5 | -1 | 3.02 | 46 | -1.8 | 3.6 | -1 | -3 | -1 | -1 | -1 | 2 | 0 | 0 | -6 | 20% | |||||
| Netherlands | 0 | 1 | 2.6 | 52.4 | 11.2 | 2 | 3.5 | 1 | 1 | 0 | 0 | 5 | -15% | ||||||||
| New Zealand | 1 | 1.5 | 19.9 | 1 | -3.6 | -1 | 4.2 | 1 | 0 | 0 | 1 | -5% | |||||||||
| Norway | 1.5 | 1.8 | 36.3 | 8.1 | 2 | 3.9 | 1 | 0 | 0 | 3 | -10% | ||||||||||
| Pakistan | 13.25 | -2 | 12.3 | -2 | 72.5 | -4.8 | -1 | 5.7 | -2 | 2 | -1 | -1 | -7 | 30% | |||||||
| Peru | 2.25 | 1.87 | 26.8 | -1.5 | 6.4 | -1 | -2 | 1 | 2 | 0 | -1 | -1 | 0% | ||||||||
| Philippines | 4 | 1.3 | 41.9 | -2.4 | -1 | 4.5 | -1 | 2 | -1 | -1 | -2 | 0% | |||||||||
| Poland | 1.5 | 2.6 | 48.9 | -1 | -1 | 5 | 2 | 0 | 0 | 1 | -5% | ||||||||||
| Portugal | 0 | 1 | 0.3 | 122 | -2 | 0.1 | 6.1 | -1 | 1 | 0 | 0 | -1 | 0% | ||||||||
| Qatar | 4.25 | -0.8 | -2 | 48.4 | 8.7 | 2 | 0.1 | 1 | 2 | 0 | 0 | 3 | -10% | ||||||||
| Russia | 6.5 | -1 | 3.5 | 13.5 | 1 | 7 | 1 | -1 | 4.6 | -3 | -1 | -1 | 2 | -2 | -1 | -6 | 20% | ||||
| Singapore | 1.63 | 0.4 | 112 | -2 | 17.7 | 2 | 2.3 | 1 | 2 | -1 | -1 | 1 | -5% | ||||||||
| South Africa | 6.5 | -1 | 3.7 | 55.8 | -3.6 | -1 | 29.1 | -4 | -1 | -1 | 2 | 0 | 0 | -6 | 20% | ||||||
| Spain | 0 | 1 | 0.4 | 97.6 | -1 | 1.9 | 13.92 | -2 | 1 | -1 | -1 | -3 | 10% | ||||||||
| Sweden | -0.25 | -1 | 1.6 | 38.8 | 1.7 | 6 | -1 | 1 | 0 | 0 | -1 | 0% | |||||||||
| Switzerland | -0.75 | -1 | -0.1 | -2 | 27.7 | 10.2 | 2 | 2.2 | 2 | 0 | 0 | 1 | -5% | ||||||||
| Taiwan | 1.38 | 0.59 | 30.9 | 11.6 | 2 | 3.72 | 2 | -1 | 0 | 3 | -10% | ||||||||||
| Thailand | 1.25 | 0.21 | 41.8 | 7.5 | 1 | -1 | 0.9 | 1 | -1 | -1 | 2 | -1 | -1 | -1 | 0% | ||||||
| Turkey | 14 | -2 | 10.56 | -2 | 30.4 | -3.5 | -1 | 14 | -2 | -1 | -1 | -1 | 2 | -1 | -1 | -10 | 40% | ||||
| United Arab Emirates | 2 | -2.2 | -2 | 18.6 | 1 | 9.1 | 2 | 2.57 | 2 | 0 | 0 | 3 | -10% | ||||||||
| United Kingdom | 0.75 | 1 | 1.5 | 81.7 | -1 | -4.3 | -1 | 3.8 | 1 | -1 | -1 | -2 | 0% | ||||||||
| United States | 1.75 | 1.8 | 106 | -2 | -2.4 | -1 | 3.5 | -3 | 1 | 0 | -1 | -6 | 20% | ||||||||
| Vietnam | 6 | -1 | 3.52 | 57.5 | 3 | 2.17 | -2 | 2 | -1 | 0 | -2 | 0% |
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Nov 29 2019 |
|---|---|---|---|
| Greece | 0.85 | Bullish | 41.79% |
| Korea, South | 0.93 | Bearish | 2.20% |
| Russia | 0.94 | Bullish | 39.84% |
| Pakistan | 1.08 | Bullish | -3.31% |
| Argentina | 1.1 | Bullish | -32.06% |
| Austria | 1.12 | Bullish | 10.68% |
| Turkey | 1.14 | Bullish | 17.21% |
| Spain | 1.21 | Bearish | 8.62% |
| Italy | 1.22 | Bullish | 7.93% |
| Hong Kong SAR | 1.24 | Bearish | 2.94% |
| Poland | 1.25 | Bullish | 18.08% |
| Singapore | 1.25 | Bullish | 8.18% |
| United Arab Emirates | 1.25 | Bearish | -1.56% |
| Czech Republic | 1.32 | Bearish | -3.82% |
| Japan | 1.33 | Bullish | 17.17% |
| Colombia | 1.38 | Bearish | 13.08% |
| Hungary | 1.41 | Bullish | 12.55% |
| Chile | 1.47 | Bearish | -25.03% |
| Malaysia | 1.58 | Bearish | -5.78% |
| Israel | 1.62 | Bearish | 9.90% |
| Germany | 1.64 | Bearish | 17.34% |
| China | 1.7 | Bearish | 8.99% |
| United Kingdom | 1.7 | Bearish | 7.93% |
| France | 1.78 | Bearish | 25.01% |
| Norway | 1.81 | Bullish | 5.92% |
| Belgium | 1.88 | Bearish | 19.64% |
| Canada | 1.89 | Bullish | 24.27% |
| Ireland | 1.91 | Bearish | 17.18% |
| South Africa | 1.95 | Bearish | 0.34% |
| Qatar | 1.97 | Bearish | -7.83% |
| Taiwan | 1.97 | Bearish | 26.95% |
| Mexico | 2 | Bullish | 6.31% |
| Thailand | 2.03 | Bullish | 8.50% |
| Philippines | 2.12 | Bearish | 20.05% |
| Portugal | 2.13 | Bullish | 10.43% |
| Australia | 2.16 | Bullish | 21.13% |
| Brazil | 2.16 | Bearish | 12.43% |
| Sweden | 2.17 | Bullish | 9.83% |
| Finland | 2.21 | Bullish | 4.72% |
| Peru | 2.21 | Bearish | 8.49% |
| Netherlands | 2.44 | Bullish | 28.78% |
| Egypt | 2.47 | Bearish | 16.66% |
| Indonesia | 2.48 | Bullish | 1.87% |
| India | 2.91 | Bullish | 5.67% |
| Switzerland | 3.01 | Bearish | 25.65% |
| New Zealand | 3.33 | Bullish | 23.45% |
| Vietnam | 3.54 | Bullish | 7.58% |
| United States | 3.56 | Bullish | 25.45% |
| Denmark | 4.33 | Bearish | 9.34% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Nov 29 2018 |
|---|---|---|---|
| Russia | 0.659 | Bullish | 39.84% |
| Pakistan | 0.718 | Bullish | -3.31% |
| Egypt | 1.251 | Bearish | 16.66% |
| Hungary | 1.336 | Bullish | 12.55% |
| United Arab Emirates | 1.352 | Bearish | -1.56% |
| Czech Republic | 1.421 | Bearish | -3.82% |
| China | 1.641 | Bearish | 8.99% |
| Turkey | 1.852 | Bullish | 17.21% |
| Argentina | 1.884 | Bullish | -32.06% |
| Poland | 1.913 | Bullish | 18.08% |
| Austria | 1.922 | Bullish | 10.68% |
| Spain | 2.031 | Bearish | 8.62% |
| Chile | 2.151 | Bearish | -25.03% |
| Indonesia | 2.190 | Bullish | 1.87% |
| Malaysia | 2.259 | Bearish | -5.78% |
| Vietnam | 2.337 | Bullish | 7.58% |
| Philippines | 2.382 | Bearish | 20.05% |
| United Kingdom | 2.450 | Bearish | 7.93% |
| Ireland | 2.521 | Bearish | 17.18% |
| Taiwan | 2.679 | Bearish | 26.95% |
| Singapore | 2.684 | Bullish | 8.18% |
| Italy | 2.740 | Bullish | 7.93% |
| Korea, South | 3.016 | Bearish | 2.20% |
| Colombia | 3.051 | Bearish | 13.08% |
| Peru | 3.062 | Bearish | 8.49% |
| Australia | 3.062 | Bullish | 21.13% |
| Brazil | 3.086 | Bearish | 12.43% |
| Sweden | 3.260 | Bullish | 9.83% |
| Finland | 3.388 | Bullish | 4.72% |
| Canada | 3.460 | Bullish | 24.27% |
| Thailand | 3.545 | Bullish | 8.50% |
| Norway | 3.625 | Bullish | 5.92% |
| India | 3.877 | Bullish | 5.67% |
| Israel | 3.943 | Bearish | 9.90% |
| France | 4.018 | Bearish | 25.01% |
| Japan | 4.033 | Bullish | 17.17% |
| Belgium | 4.051 | Bearish | 19.64% |
| Portugal | 4.081 | Bullish | 10.43% |
| Greece | 4.092 | Bullish | 41.79% |
| Netherlands | 4.511 | Bullish | 28.78% |
| South Africa | 5.033 | Bearish | 0.34% |
| Denmark | 5.371 | Bearish | 9.34% |
| Mexico | 5.507 | Bullish | 6.31% |
| Switzerland | 5.623 | Bearish | 25.65% |
| Qatar | 5.643 | Bearish | -7.83% |
| United States | 5.679 | Bullish | 25.45% |
| Germany | 5.739 | Bearish | 17.34% |
| New Zealand | 6.159 | Bullish | 23.45% |
| Hong Kong SAR | 57.958 | Bearish | 2.94% |
| Country | PE/Total Return 2018 | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % Nov 29 2019 |
|---|---|---|---|---|---|---|---|
| Russia | 0.659 | 20% | 0.13 | 0.790 | Bullish | Oct 20, 2019 | 39.84% |
| Pakistan | 0.718 | 30% | 0.22 | 0.933 | Bullish | Sep 08, 2019 | -3.31% |
| United Arab Emirates | 1.352 | -10% | -0.14 | 1.216 | Bearish | Jun 17, 2018 | -1.56% |
| Hungary | 1.336 | -5% | -0.07 | 1.269 | Bullish | Sep 23, 2018 | 12.55% |
| Czech Republic | 1.421 | 0% | 0.00 | 1.421 | Bearish | Oct 21, 2018 | -3.82% |
| Egypt | 1.251 | 30% | 0.38 | 1.627 | Bearish | Sep 22, 2019 | 16.66% |
| Poland | 1.913 | -5% | -0.10 | 1.817 | Bullish | Sep 08, 2019 | 18.08% |
| Austria | 1.922 | 0% | 0.00 | 1.922 | Bullish | Oct 20, 2019 | 10.68% |
| China | 1.641 | 20% | 0.33 | 1.970 | Bearish | Jul 28, 2019 | 8.99% |
| Chile | 2.151 | 0% | 0.00 | 2.151 | Bearish | Oct 20, 2019 | -25.03% |
| Spain | 2.031 | 10% | 0.20 | 2.234 | Bearish | Feb 05, 2018 | 8.62% |
| Malaysia | 2.259 | 0% | 0.00 | 2.259 | Bearish | Feb 05, 2018 | -5.78% |
| Ireland | 2.521 | -10% | -0.25 | 2.269 | Bearish | May 05, 2019 | 17.18% |
| Vietnam | 2.337 | 0% | 0.00 | 2.337 | Bullish | Feb 10, 2019 | 7.58% |
| Philippines | 2.382 | 0% | 0.00 | 2.382 | Bearish | Aug 04, 2019 | 20.05% |
| Indonesia | 2.190 | 10% | 0.22 | 2.408 | Bullish | May 19, 2019 | 1.87% |
| Taiwan | 2.679 | -10% | -0.27 | 2.411 | Bearish | May 12, 2019 | 26.95% |
| United Kingdom | 2.450 | 0% | 0.00 | 2.450 | Bearish | Feb 05, 2018 | 7.93% |
| Singapore | 2.684 | -5% | -0.13 | 2.550 | Bullish | Oct 28, 2018 | 8.18% |
| Turkey | 1.852 | 40% | 0.74 | 2.592 | Bullish | Nov 03, 2019 | 17.21% |
| Argentina | 1.884 | 50% | 0.94 | 2.826 | Bullish | Nov 17, 2019 | -32.06% |
| Australia | 3.062 | -5% | -0.15 | 2.909 | Bullish | Jan 06, 2019 | 21.13% |
| Italy | 2.740 | 10% | 0.27 | 3.015 | Bullish | Feb 10, 2019 | 7.93% |
| Korea, South | 3.016 | 0% | 0.00 | 3.016 | Bearish | Mar 03, 2019 | 2.20% |
| Peru | 3.062 | 0% | 0.00 | 3.062 | Bearish | May 05, 2019 | 8.49% |
| Finland | 3.388 | -5% | -0.17 | 3.219 | Bullish | Mar 31, 2019 | 4.72% |
| Sweden | 3.260 | 0% | 0.00 | 3.260 | Bullish | Sep 08, 2019 | 9.83% |
| Norway | 3.625 | -10% | -0.36 | 3.263 | Bullish | Dec 30, 2018 | 5.92% |
| Colombia | 3.051 | 10% | 0.31 | 3.356 | Bearish | Nov 24, 2019 | 13.08% |
| Brazil | 3.086 | 10% | 0.31 | 3.394 | Bearish | Nov 03, 2019 | 12.43% |
| Canada | 3.460 | 0% | 0.00 | 3.460 | Bullish | Jan 06, 2019 | 24.27% |
| Thailand | 3.545 | 0% | 0.00 | 3.545 | Bullish | Oct 28, 2018 | 8.50% |
| Netherlands | 4.511 | -15% | -0.68 | 3.835 | Bullish | Mar 10, 2019 | 28.78% |
| Israel | 3.943 | 0% | 0.00 | 3.943 | Bearish | Dec 16, 2018 | 9.90% |
| France | 4.018 | 0% | 0.00 | 4.018 | Bearish | Feb 05, 2018 | 25.01% |
| Belgium | 4.051 | 0% | 0.00 | 4.051 | Bearish | Oct 27, 2019 | 19.64% |
| Portugal | 4.081 | 0% | 0.00 | 4.081 | Bullish | Jun 02, 2019 | 10.43% |
| India | 3.877 | 20% | 0.78 | 4.652 | Bullish | May 19, 2019 | 5.67% |
| Japan | 4.033 | 20% | 0.81 | 4.840 | Bullish | Jan 06, 2019 | 17.17% |
| Greece | 4.092 | 20% | 0.82 | 4.911 | Bullish | Oct 06, 2019 | 41.79% |
| Qatar | 5.643 | -10% | -0.56 | 5.078 | Bearish | Aug 04, 2019 | -7.83% |
| Switzerland | 5.623 | -5% | -0.28 | 5.342 | Bearish | Feb 05, 2018 | 25.65% |
| Denmark | 5.371 | 0% | 0.00 | 5.371 | Bearish | Dec 16, 2018 | 9.34% |
| Germany | 5.739 | -5% | -0.29 | 5.452 | Bearish | Oct 07, 2018 | 17.34% |
| New Zealand | 6.159 | -5% | -0.31 | 5.851 | Bullish | Oct 28, 2018 | 23.45% |
| South Africa | 5.033 | 20% | 1.01 | 6.040 | Bearish | Nov 24, 2019 | 0.34% |
| Mexico | 5.507 | 20% | 1.10 | 6.608 | Bullish | Jan 06, 2019 | 6.31% |
| United States | 5.679 | 20% | 1.14 | 6.815 | Bullish | Jun 02, 2019 | 25.45% |
| Hong Kong SAR | 57.958 | -5% | -2.90 | 55.060 | Bearish | Jul 28, 2019 | 2.94% |
Country Value and Growth Factors August 30, 2019
| Country | 2019 GDP Annual Growth Rate Change | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Aug 30 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -5.8 | 3.43 | 21.77 | -2.37 | -9.186 | 7 | Bearish | Aug 11, 2019 | MSCI Argentina | -38.25% |
| Australia | 1.40 | 4.33 | 17.34 | 5.73 | 3.026 | 2.08 | Bearish | Oct 28, 2018 | MSCI Australia USD | 15.06% |
| Austria | 1.7 | 4.02 | 9.37 | 5.72 | 1.638 | 1.06 | Bearish | May 05, 2019 | MSCI Austria | 2.71% |
| Belgium | 1.20 | 3.03 | 18.04 | 4.23 | 4.265 | 1.85 | Bullish | Jul 21, 2019 | MSCI Belgium | 21.80% |
| Brazil | 0.40 | 3.66 | 13.27 | 4.06 | 3.268 | 2.09 | Bearish | Aug 11, 2019 | MSCI Brazil USD | 7.89% |
| Canada | 1.60 | 3.18 | 15.67 | 4.78 | 3.278 | 1.83 | Bullish | Jan 06, 2019 | MSCI Canada USD | 18.89% |
| Chile | 1.90 | 3.68 | 14.51 | 5.58 | 2.600 | 1.57 | Bearish | Feb 24, 2019 | MSCI Chile USD | -12.61% |
| China | 6.20 | 2.12 | 14.19 | 8.32 | 1.706 | 1.78 | Bearish | Jul 28, 2019 | MSCI China USD | 2.95% |
| Colombia | 3.00 | 3.19 | 12.04 | 6.19 | 1.945 | 1.36 | Bearish | Jul 28, 2019 | MSCI Colombia USD | 12.20% |
| Czech Republic | 2.70 | 5.84 | 12.30 | 8.54 | 1.440 | 1.36 | Bearish | Oct 21, 2018 | MSCI Czech Republic USD | -1.68% |
| Denmark | 2.30 | 2.13 | 21.83 | 4.43 | 4.928 | 4.05 | Bearish | Dec 16, 2018 | MSCI Denmark | 1.95% |
| Egypt | 5.70 | 3.02 | 10.39 | 8.72 | 1.192 | 2.84 | Bullish | Aug 25, 2019 | MSCI Egypt USD | 20.08% |
| Finland | 1.20 | 4.92 | 21.28 | 6.12 | 3.477 | 2.27 | Bullish | Mar 31, 2019 | MSCI Finland USD | 4.46% |
| France | 1.40 | 3.25 | 16.13 | 4.65 | 3.469 | 1.66 | Bearish | Feb 05, 2018 | MSCI France | 16.09% |
| Germany | 0.40 | 3.29 | 17.38 | 3.69 | 4.710 | 1.55 | Bearish | Oct 07, 2018 | MSCI Germany USD | 8.36% |
| Greece | 1.90 | 2.68 | 17.66 | 4.58 | 3.856 | 0.74 | Bullish | Aug 18, 2019 | MSCI Greece USD | 27.16% |
| Hong Kong SAR | 0.50 | 3.18 | 14.19 | 3.68 | 3.856 | 1.21 | Bearish | Jul 28, 2019 | MSCI Hong Kong USD | 1.33% |
| Hungary | 4.90 | 2.23 | 8.59 | 7.13 | 1.205 | 1.34 | Bullish | Sep 23, 2018 | MSCI Hungary USD | -0.73% |
| India | 5.00 | 1.45 | 22.71 | 6.45 | 3.521 | 2.58 | Bullish | May 19, 2019 | MSCI India | -1.18% |
| Indonesia | 5.05 | 2.54 | 17.28 | 7.59 | 2.277 | 2.65 | Bullish | May 19, 2019 | MSCI Indonesia USD | 4.99% |
| Ireland | 5.80 | 2.23 | 16.73 | 8.03 | 2.083 | 1.61 | Bearish | May 05, 2019 | MSCI Ireland USD | 14.76% |
| Israel | 3.20 | 1.02 | 16.31 | 4.22 | 3.865 | 1.45 | Bearish | Dec 16, 2018 | MSCI Israel USD | 0.13% |
| Italy | -0.10 | 4.41 | 12.03 | 4.31 | 2.791 | 1.16 | Bullish | Feb 10, 2019 | MSCI Italy | 15.38% |
| Japan | 1.00 | 2.60 | 12.65 | 3.60 | 3.514 | 1.19 | Bullish | Jan 06, 2019 | MSCI Japan USD | 6.81% |
| Korea, South | 2.00 | 2.63 | 10.47 | 4.63 | 2.261 | 0.89 | Bearish | Mar 03, 2019 | MSCI Korea USD | -7.42% |
| Malaysia | 4.90 | 3.36 | 18.23 | 8.26 | 2.207 | 1.6 | Bearish | Feb 05, 2018 | MSCI Malaysia USD | -4.37% |
| Mexico | -0.80 | 3.31 | 15.00 | 2.51 | 5.976 | 1.99 | Bullish | Jan 06, 2019 | MSCI Mexico USD | 2.18% |
| Netherlands | 2.00 | 2.71 | 18.70 | 4.71 | 3.970 | 2.26 | Bullish | Mar 10, 2019 | MSCI Netherlands | 21.70% |
| New Zealand | 2.50 | 2.53 | 27.68 | 5.03 | 5.503 | 3.34 | Bullish | Oct 28, 2018 | MSCI New Zealand USD | 23.45% |
| Norway | -0.70 | 4.57 | 14.01 | 3.87 | 3.620 | 1.78 | Bullish | Dec 30, 2018 | MSCI Norway USD | 4.25% |
| Pakistan | 5.20 | 8.19 | 7.33 | 13.39 | 0.547 | 0.9 | Bearish | Aug 25, 2019 | MSCI Pakistan USD | -27.14% |
| Peru | 1.20 | 2.80 | 16.57 | 4.00 | 4.143 | 2.13 | Bearish | May 05, 2019 | MSCI Peru USD | -6.34% |
| Philippines | 5.50 | 1.65 | 18.89 | 7.15 | 2.642 | 2.15 | Bearish | Feb 24, 2019 | MSCI Philippines USD | -27.34% |
| Poland | 4.50 | 3.20 | 12.64 | 7.70 | 1.642 | 1.21 | Bearish | May 05, 2019 | MSCI Poland USD | -10.44% |
| Portugal | 1.80 | 4.74 | 16.83 | 6.54 | 2.573 | 1.97 | Bullish | Jun 02, 2019 | MSCI Portugal USD | 10.43% |
| Qatar | 0.90 | 3.83 | 13.81 | 4.73 | 2.920 | 2.09 | Bearish | Aug 04, 2019 | MSCI Qatar USD | -6.61% |
| Russia | 0.90 | 7.09 | 5.16 | 7.99 | 0.646 | 0.9 | Bearish | Jul 28, 2019 | MSCI Russia USD | 29.75% |
| Singapore | 0.10 | 4.38 | 12.25 | 4.48 | 2.734 | 1.2 | Bullish | Oct 28, 2018 | MSCI Singapore USD | 4.66% |
| South Africa | 0.90 | 3.02 | 17.00 | 3.92 | 4.337 | 2.06 | Bearish | Jul 28, 2019 | MSCI South Africa USD | -1.41% |
| Spain | 2.30 | 4.77 | 12.08 | 7.07 | 1.709 | 1.16 | Bearish | Feb 05, 2018 | MSCI Spain | 3.36% |
| Sweden | 1.00 | 3.97 | 15.18 | 4.97 | 3.054 | 2.03 | Bearish | May 05, 2019 | MSCI Sweden USD | 0.56% |
| Switzerland | 0.20 | 2.97 | 20.88 | 3.17 | 6.587 | 2.96 | Bearish | Feb 05, 2018 | MSCI Switzerland USD | 19.54% |
| Taiwan | 2.40 | 4.09 | 15.88 | 6.49 | 2.447 | 1.79 | Bearish | May 12, 2019 | MSCI Taiwan USD | 10.94% |
| Thailand | 2.30 | 2.87 | 17.95 | 5.17 | 3.472 | 2.07 | Bullish | Oct 28, 2018 | MSCI Thailand USD | 11.52% |
| Turkey | -1.50 | 4.18 | 7.48 | 2.68 | 2.791 | 1.08 | Bearish | Aug 11, 2019 | MSCI Turkey USD | 8.36% |
| United Arab Emirates | 2.20 | 4.96 | 10.19 | 7.16 | 1.423 | 1.38 | Bearish | Jun 17, 2018 | MSCI UAE USD | 4.54% |
| United Kingdom | 1.20 | 4.82 | 13.34 | 6.02 | 2.216 | 1.67 | Bearish | Feb 05, 2018 | MSCI UK USD | 6.23% |
| United States | 2.30 | 1.96 | 20.71 | 4.26 | 4.862 | 3.37 | Bullish | Jun 02, 2019 | MSCI USA USD | 16.83% |
| Vietnam | 6.71 | 1.35 | 20.52 | 8.06 | 2.546 | 3.65 | Bullish | Feb 10, 2019 | FTSE Vietnam | 8.53% |
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | General Government Gross Debt as % of GDP | Debt Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Unemployment | Unemployment Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Index under 40 | Trade Dispute More than 10 cases on WTO | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.2 | Government Friendly to Business | Political Stability | Territorial Disputes/wars | Internal Conflict/ Terrorism | Total Score | % Modifier |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 85.99 | -4 | 53.6 | -4 | 86.2 | -5.4 | -1 | 10.1 | -1 | -1 | -1 | 1 | -1 | 0 | -12 | 40% | |||||
| Australia | 1 | 1.6 | 40.7 | -1.5 | 5.2 | -1 | 2 | 0 | 0 | 1 | -5% | ||||||||||
| Austria | 0 | 1 | 1.7 | 73.8 | 2.3 | 8.4 | -1 | -1 | 1 | 0 | 0 | 0 | 0% | ||||||||
| Belgium | 0 | 1 | 1.26 | 102 | -2 | -1.3 | 5.7 | 1 | 0 | -1 | -1 | 0% | |||||||||
| Brazil | 6 | -1 | 3.43 | 77.22 | -0.77 | 11.8 | -1 | -2 | -2 | 2 | -1 | 0 | -5 | 20% | |||||||
| Canada | 1.75 | 2 | 90.6 | -1 | -2.6 | -1 | 5.7 | -2 | -1 | 1 | 2 | 0 | 0 | -2 | 0% | ||||||
| Chile | 2 | 2.3 | 25.6 | -3.1 | -1 | 7.2 | -1 | -1 | -1 | 1 | 2 | -1 | 0 | -2 | 0% | ||||||
| China | 4.25 | 2.8 | 50.5 | 0.4 | -1 | 3.61 | -1 | -3 | -1 | 2 | -1 | 0 | -5 | 20% | |||||||
| Colombia | 4.25 | 3.75 | 50.5 | -3.8 | -1 | 10.7 | -1 | -1 | 2 | -1 | -1 | -3 | 10% | ||||||||
| Czech Republic | 2 | 2.9 | 32.7 | 0.3 | -1 | 2.7 | 1 | 0 | 0 | 0 | 0% | ||||||||||
| Denmark | -0.65 | -1 | 0.4 | 34.1 | 6.1 | 1 | 3.8 | 1 | 0 | -1 | 0 | 0% | |||||||||
| Egypt | 14.25 | -2 | 7.5 | -1 | 90.5 | -1 | -2.4 | -1 | 7.5 | -1 | -2 | 2 | -1 | -1 | -8 | 30% | |||||
| Finland | 0 | 1 | 1.2 | 58.9 | -1.9 | 8.7 | -1 | 1 | 0 | 0 | 1 | -5% | |||||||||
| France | 0 | 1 | 0.9 | 98.4 | -1 | -0.3 | -1 | 8.7 | -1 | 1 | 1 | 0 | -1 | -1 | 0% | ||||||
| Germany | 0 | 1 | 1.4 | 60.9 | 7.3 | 1 | -1 | 3 | 1 | 0 | -1 | 1 | -5% | ||||||||
| Greece | 0 | 1 | -0.2 | -2 | 181 | -2 | -2.9 | -1 | 17 | -2 | 2 | -1 | -1 | -6 | 20% | ||||||
| Hong Kong | 2.5 | 3.3 | 38.4 | 4.3 | 1 | 2.9 | 2 | 0 | 0 | 3 | -10% | ||||||||||
| Hungary | 0.9 | 1 | 3.1 | 70.8 | 0.4 | -1 | 3.4 | 2 | 0 | 0 | 2 | -5% | |||||||||
| India | 5.4 | -1 | 3.21 | 68.3 | -2.3 | -1 | 6 | -1 | -1 | -1 | 1 | 2 | -1 | -1 | -4 | 10% | |||||
| Indonesia | 5.5 | -1 | 3.49 | 29.8 | -3 | -1 | 5.01 | -1 | -1 | -1 | 2 | -1 | -1 | -5 | 20% | ||||||
| Ireland | 0 | 1 | 0.7 | 64.8 | 9.1 | 2 | 5.2 | 1 | 0 | -1 | 3 | -10% | |||||||||
| Israel | 0.25 | 1 | 0.6 | 61 | 1.9 | 3.7 | 1 | -1 | -1 | 0 | 0% | ||||||||||
| Italy | 0 | 1 | 0.4 | 132 | -2 | 2.5 | -1 | 9.9 | -1 | 1 | 0 | -1 | -3 | 10% | |||||||
| Japan | -0.1 | -1 | 0.5 | 238 | -3 | 3.5 | -1 | 2.2 | -1 | -1 | 1 | 2 | -1 | -1 | -6 | 20% | |||||
| Korea, South | 1.5 | 0 | 36.6 | 4.7 | 1 | -1 | 3.1 | -1 | 1 | -1 | 0 | -1 | 0% | ||||||||
| Malaysia | 3 | 0.2 | -1 | 51.8 | 2.3 | 1 | 3.4 | 2 | -1 | -1 | 0 | 0% | |||||||||
| Mexico | 8 | -1 | 3.16 | 46 | -1.8 | 3.7 | -1 | -3 | -1 | -1 | -1 | 2 | 0 | 0 | -6 | 20% | |||||
| Netherlands | 0 | 1 | 2.8 | 52.4 | 10.8 | 3.4 | 1 | 1 | 0 | 0 | 3 | -10% | |||||||||
| New Zealand | 1 | 1.7 | 19.9 | 1 | -3.6 | -1 | 3.9 | 1 | 0 | 0 | 1 | -5% | |||||||||
| Norway | 1.25 | 1.6 | 36.3 | 1 | 8.1 | 2 | 3.6 | 1 | 0 | 0 | 4 | -10% | |||||||||
| Pakistan | 13.25 | -2 | 11.63 | -2 | 72.5 | -4.8 | -1 | 5.7 | -2 | 2 | -1 | -1 | -7 | 30% | |||||||
| Peru | 2.5 | 2.04 | 26.8 | -1.5 | 5.8 | -2 | 1 | 2 | 0 | -1 | 0 | 0% | |||||||||
| Philippines | 4.25 | 1.7 | 41.9 | -2.4 | -1 | 5.4 | -1 | 2 | -1 | -1 | -2 | 0% | |||||||||
| Poland | 1.5 | 2.9 | 48.9 | -0.7 | -1 | 5.2 | 2 | 0 | 0 | 1 | -5% | ||||||||||
| Portugal | 0 | 1 | -0.1 | -2 | 122 | -2 | -0.6 | 6.3 | 1 | 0 | 0 | -2 | 0% | ||||||||
| Qatar | 4.75 | -0.6 | -2 | 48.4 | 8.7 | 2 | 0.1 | 1 | 2 | 0 | 0 | 3 | -10% | ||||||||
| Russia | 7 | -1 | 4.3 | -1 | 13.5 | 1 | 7 | 1 | -1 | 4.5 | -3 | -1 | -1 | 2 | -2 | -1 | -7 | 30% | |||
| Singapore | 1.74 | 0.4 | 112 | -2 | 17.7 | 2 | 2.2 | 1 | 2 | -1 | -1 | 1 | -5% | ||||||||
| South Africa | 6.5 | -1 | 4 | 55.8 | -3.5 | -1 | 29 | -4 | -1 | -1 | 2 | 0 | 0 | -6 | 20% | ||||||
| Spain | 0 | 1 | 0.3 | 97.1 | -1 | 0.9 | 14.02 | -2 | 1 | -1 | -1 | -3 | 10% | ||||||||
| Sweden | -0.25 | -1 | 1.4 | 38.8 | 2 | 7.1 | -1 | 1 | 0 | 0 | -1 | 0% | |||||||||
| Switzerland | -0.75 | -1 | 0.3 | 27.7 | 10.2 | 2 | 2.1 | 2 | 0 | 0 | 3 | -10% | |||||||||
| Taiwan | 1.38 | 0.43 | 30.9 | 11.6 | 3.72 | 2 | -1 | 0 | 1 | -5% | |||||||||||
| Thailand | 1.5 | 0.52 | 41.8 | 7.5 | 1 | -1 | 1 | 1 | -1 | -1 | 2 | -1 | -1 | -1 | 0% | ||||||
| Turkey | 15.01 | -2 | 15 | -2 | 30.4 | -3.5 | -1 | 13 | -2 | -1 | -1 | -1 | 2 | -1 | -1 | -10 | 40% | ||||
| United Arab Emirates | 2.5 | -2.2 | -2 | 18.6 | 1 | 6.6 | 1 | 2.57 | 2 | 0 | 0 | 2 | -5% | ||||||||
| United Kingdom | 0.75 | 1 | 2.1 | 84.7 | -1 | -3.9 | -1 | 3.8 | 1 | -1 | -1 | -2 | 0% | ||||||||
| United States | 2.25 | 1.7 | 106 | -2 | -2.4 | -1 | 3.7 | -3 | 1 | 0 | -1 | -6 | 20% | ||||||||
| Vietnam | 6.25 | -1 | 2.26 | 57.5 | 3 | 2.16 | -2 | 2 | -1 | 0 | -2 | 0% |
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Aug 30 2018 |
|---|---|---|---|
| Greece | 0.74 | Bullish | 27.16% |
| Korea, South | 0.89 | Bearish | -7.42% |
| Pakistan | 0.9 | Bearish | -27.14% |
| Russia | 0.9 | Bearish | 29.75% |
| Austria | 1.06 | Bearish | 2.71% |
| Turkey | 1.08 | Bearish | 8.36% |
| Italy | 1.16 | Bullish | 15.38% |
| Spain | 1.16 | Bearish | 3.36% |
| Japan | 1.19 | Bullish | 6.81% |
| Singapore | 1.2 | Bullish | 4.66% |
| Hong Kong SAR | 1.21 | Bearish | 1.33% |
| Poland | 1.21 | Bearish | -10.44% |
| Hungary | 1.34 | Bullish | -0.73% |
| Colombia | 1.36 | Bearish | 12.20% |
| Czech Republic | 1.36 | Bearish | -1.68% |
| United Arab Emirates | 1.38 | Bearish | 4.54% |
| Israel | 1.45 | Bearish | 0.13% |
| Germany | 1.55 | Bearish | 8.36% |
| Chile | 1.57 | Bearish | -12.61% |
| Malaysia | 1.6 | Bearish | -4.37% |
| Ireland | 1.61 | Bearish | 14.76% |
| France | 1.66 | Bearish | 16.09% |
| United Kingdom | 1.67 | Bearish | 6.23% |
| China | 1.78 | Bearish | 2.95% |
| Norway | 1.78 | Bullish | 4.25% |
| Taiwan | 1.79 | Bearish | 10.94% |
| Canada | 1.83 | Bullish | 18.89% |
| Belgium | 1.85 | Bullish | 21.80% |
| Portugal | 1.97 | Bullish | 10.43% |
| Mexico | 1.99 | Bullish | 2.18% |
| Sweden | 2.03 | Bearish | 0.56% |
| South Africa | 2.06 | Bearish | -1.41% |
| Thailand | 2.07 | Bullish | 11.52% |
| Australia | 2.08 | Bearish | 15.06% |
| Brazil | 2.09 | Bearish | 7.89% |
| Qatar | 2.09 | Bearish | -6.61% |
| Peru | 2.13 | Bearish | -6.34% |
| Philippines | 2.15 | Bearish | -27.34% |
| Netherlands | 2.26 | Bullish | 21.70% |
| Finland | 2.27 | Bullish | 4.46% |
| India | 2.58 | Bullish | -1.18% |
| Indonesia | 2.65 | Bullish | 4.99% |
| Egypt | 2.84 | Bullish | 20.08% |
| Switzerland | 2.96 | Bearish | 19.54% |
| New Zealand | 3.34 | Bullish | 23.45% |
| United States | 3.37 | Bullish | 16.83% |
| Vietnam | 3.65 | Bullish | 8.53% |
| Denmark | 4.05 | Bearish | 1.95% |
| Argentina | 7 | Bearish | -38.25% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Aug 30 2018 |
|---|---|---|---|
| Argentina | -9.19 | Bearish | -38.25% |
| Pakistan | 0.55 | Bearish | -27.14% |
| Russia | 0.65 | Bearish | 29.75% |
| Egypt | 1.19 | Bullish | 20.08% |
| Hungary | 1.20 | Bullish | -0.73% |
| United Arab Emirates | 1.42 | Bearish | 4.54% |
| Czech Republic | 1.44 | Bearish | -1.68% |
| Austria | 1.64 | Bearish | 2.71% |
| Poland | 1.64 | Bearish | -10.44% |
| China | 1.71 | Bearish | 2.95% |
| Spain | 1.71 | Bearish | 3.36% |
| Colombia | 1.95 | Bearish | 12.20% |
| Ireland | 2.08 | Bearish | 14.76% |
| Malaysia | 2.21 | Bearish | -4.37% |
| United Kingdom | 2.22 | Bearish | 6.23% |
| Korea, South | 2.26 | Bearish | -7.42% |
| Indonesia | 2.28 | Bullish | 4.99% |
| Taiwan | 2.45 | Bearish | 10.94% |
| Vietnam | 2.55 | Bullish | 8.53% |
| Portugal | 2.57 | Bullish | 10.43% |
| Chile | 2.60 | Bearish | -12.61% |
| Philippines | 2.64 | Bearish | -27.34% |
| Singapore | 2.73 | Bullish | 4.66% |
| Turkey | 2.79 | Bearish | 8.36% |
| Italy | 2.79 | Bullish | 15.38% |
| Qatar | 2.92 | Bearish | -6.61% |
| Australia | 3.03 | Bearish | 15.06% |
| Sweden | 3.05 | Bearish | 0.56% |
| Brazil | 3.27 | Bearish | 7.89% |
| Canada | 3.28 | Bullish | 18.89% |
| France | 3.47 | Bearish | 16.09% |
| Thailand | 3.47 | Bullish | 11.52% |
| Finland | 3.48 | Bullish | 4.46% |
| Japan | 3.51 | Bullish | 6.81% |
| India | 3.52 | Bullish | -1.18% |
| Norway | 3.62 | Bullish | 4.25% |
| Greece | 3.86 | Bullish | 27.16% |
| Hong Kong SAR | 3.86 | Bearish | 1.33% |
| Israel | 3.86 | Bearish | 0.13% |
| Netherlands | 3.97 | Bullish | 21.70% |
| Peru | 4.14 | Bearish | -6.34% |
| Belgium | 4.26 | Bullish | 21.80% |
| South Africa | 4.34 | Bearish | -1.41% |
| Germany | 4.71 | Bearish | 8.36% |
| United States | 4.86 | Bullish | 16.83% |
| Denmark | 4.93 | Bearish | 1.95% |
| New Zealand | 5.50 | Bullish | 23.45% |
| Mexico | 5.98 | Bullish | 2.18% |
| Switzerland | 6.59 | Bearish | 19.54% |
| 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 2018 |
|---|---|---|---|---|---|---|---|
| Argentina | -9.19 | 40% | -3.67 | -12.860 | Bearish | Aug 11, 2019 | -38.25% |
| Pakistan | 0.55 | 30% | 0.16 | 0.712 | Bearish | Aug 25, 2019 | -27.14% |
| Russia | 0.65 | 30% | 0.19 | 0.840 | Bearish | Jul 28, 2019 | 29.75% |
| Hungary | 1.20 | -5% | -0.06 | 1.145 | Bullish | Sep 23, 2018 | -0.73% |
| United Arab Emirates | 1.42 | -5% | -0.07 | 1.352 | Bearish | Jun 17, 2018 | 4.54% |
| Czech Republic | 1.44 | 0% | 0.00 | 1.440 | Bearish | Oct 21, 2018 | -1.68% |
| Egypt | 1.19 | 30% | 0.36 | 1.549 | Bullish | Aug 25, 2019 | 20.08% |
| Poland | 1.64 | -5% | -0.08 | 1.559 | Bearish | May 05, 2019 | -10.44% |
| Austria | 1.64 | 0% | 0.00 | 1.638 | Bearish | May 05, 2019 | 2.71% |
| Ireland | 2.08 | -10% | -0.21 | 1.875 | Bearish | May 05, 2019 | 14.76% |
| Spain | 1.71 | 10% | 0.17 | 1.879 | Bearish | Feb 05, 2018 | 3.36% |
| China | 1.71 | 20% | 0.34 | 2.047 | Bearish | Jul 28, 2019 | 2.95% |
| Colombia | 1.95 | 10% | 0.19 | 2.140 | Bearish | Jul 28, 2019 | 12.20% |
| Malaysia | 2.21 | 0% | 0.00 | 2.207 | Bearish | Feb 05, 2018 | -4.37% |
| United Kingdom | 2.22 | 0% | 0.00 | 2.216 | Bearish | Feb 05, 2018 | 6.23% |
| Korea, South | 2.26 | 0% | 0.00 | 2.261 | Bearish | Mar 03, 2019 | -7.42% |
| Taiwan | 2.45 | -5% | -0.12 | 2.324 | Bearish | May 12, 2019 | 10.94% |
| Vietnam | 2.55 | 0% | 0.00 | 2.546 | Bullish | Feb 10, 2019 | 8.53% |
| Portugal | 2.57 | 0% | 0.00 | 2.573 | Bullish | Jun 02, 2019 | 10.43% |
| Singapore | 2.73 | -5% | -0.14 | 2.598 | Bullish | Oct 28, 2018 | 4.66% |
| Chile | 2.60 | 0% | 0.00 | 2.600 | Bearish | Feb 24, 2019 | -12.61% |
| Qatar | 2.92 | -10% | -0.29 | 2.628 | Bearish | Aug 04, 2019 | -6.61% |
| Philippines | 2.64 | 0% | 0.00 | 2.642 | Bearish | Feb 24, 2019 | -27.34% |
| Indonesia | 2.28 | 20% | 0.46 | 2.732 | Bullish | May 19, 2019 | 4.99% |
| Australia | 3.03 | -5% | -0.15 | 2.875 | Bearish | Oct 28, 2018 | 15.06% |
| Sweden | 3.05 | 0% | 0.00 | 3.054 | Bearish | May 05, 2019 | 0.56% |
| Italy | 2.79 | 10% | 0.28 | 3.070 | Bullish | Feb 10, 2019 | 15.38% |
| Norway | 3.62 | -10% | -0.36 | 3.258 | Bullish | Dec 30, 2018 | 4.25% |
| Canada | 3.28 | 0% | 0.00 | 3.278 | Bullish | Jan 06, 2019 | 18.89% |
| Finland | 3.48 | -5% | -0.17 | 3.303 | Bullish | Mar 31, 2019 | 4.46% |
| France | 3.47 | 0% | 0.00 | 3.469 | Bearish | Feb 05, 2018 | 16.09% |
| Hong Kong SAR | 3.86 | -10% | -0.39 | 3.470 | Bearish | Jul 28, 2019 | 1.33% |
| Thailand | 3.47 | 0% | 0.00 | 3.472 | Bullish | Oct 28, 2018 | 11.52% |
| Netherlands | 3.97 | -10% | -0.40 | 3.573 | Bullish | Mar 10, 2019 | 21.70% |
| Israel | 3.86 | 0% | 0.00 | 3.865 | Bearish | Dec 16, 2018 | 0.13% |
| India | 3.52 | 10% | 0.35 | 3.873 | Bullish | May 19, 2019 | -1.18% |
| Turkey | 2.79 | 40% | 1.12 | 3.907 | Bearish | Aug 11, 2019 | 8.36% |
| Brazil | 3.27 | 20% | 0.65 | 3.922 | Bearish | Aug 11, 2019 | 7.89% |
| Peru | 4.14 | 0% | 0.00 | 4.143 | Bearish | May 05, 2019 | -6.34% |
| Japan | 3.51 | 20% | 0.70 | 4.217 | Bullish | Jan 06, 2019 | 6.81% |
| Belgium | 4.26 | 0% | 0.00 | 4.265 | Bullish | Jul 21, 2019 | 21.80% |
| Germany | 4.71 | -5% | -0.24 | 4.475 | Bearish | Oct 07, 2018 | 8.36% |
| Greece | 3.86 | 20% | 0.77 | 4.627 | Bullish | Aug 18, 2019 | 27.16% |
| Denmark | 4.93 | 0% | 0.00 | 4.928 | Bearish | Dec 16, 2018 | 1.95% |
| South Africa | 4.34 | 20% | 0.87 | 5.204 | Bearish | Jul 28, 2019 | -1.41% |
| New Zealand | 5.50 | -5% | -0.28 | 5.228 | Bullish | Oct 28, 2018 | 23.45% |
| United States | 4.86 | 20% | 0.97 | 5.834 | Bullish | Jun 02, 2019 | 16.83% |
| Switzerland | 6.59 | -10% | -0.66 | 5.928 | Bearish | Feb 05, 2018 | 19.54% |
| Mexico | 5.98 | 20% | 1.20 | 7.171 | Bullish | Jan 06, 2019 | 2.18% |
Country Value and Growth Factors MAY 31, 2019
| Country | 2019 GDP Annual Growth Rate Change | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % May 31 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -1.20 | 2.67 | 26.71 | 1.47 | 18.182 | 2.19 | Bullish | Apr 28, 2019 | MSCI Argentina | 0.12% |
| Australia | 2.07 | 4.43 | 16.34 | 6.50 | 2.513 | 2.02 | Bullish | Oct 28, 2018 | MSCI Australia USD | 13.55% |
| Austria | 1.976 | 3.99 | 9.08 | 5.97 | 1.522 | 1.06 | Bearish | May 05, 2019 | MSCI Austria | 2.35% |
| Belgium | 1.29 | 3.28 | 18.55 | 4.57 | 4.058 | 1.89 | Bearish | May 12, 2019 | MSCI Belgium | 12.36% |
| Brazil | 2.06 | 3.57 | 14.64 | 5.63 | 2.603 | 2.07 | Bullish | May 19, 2019 | MSCI Brazil USD | 9.16% |
| Canada | 1.46 | 3.23 | 16.66 | 4.69 | 3.554 | 1.82 | Bullish | Jan 06, 2019 | MSCI Canada USD | 14.11% |
| Chile | 3.40 | 3.49 | 15.92 | 6.89 | 2.312 | 1.62 | Bearish | Feb 24, 2019 | MSCI Chile USD | -7.07% |
| China | 6.27 | 2.22 | 12.85 | 8.49 | 1.514 | 1.58 | Bearish | May 05, 2019 | MSCI China USD | -4.37% |
| Colombia | 3.54 | 3.31 | 12.99 | 6.85 | 1.897 | 1.31 | Bearish | Apr 28, 2019 | MSCI Colombia | 8.47% |
| Czech Republic | 2.90 | 6.43 | 13.53 | 9.33 | 1.451 | 1.34 | Bearish | Oct 21, 2018 | MSCI Czech Republic | 1.07% |
| Denmark | 1.73 | 2.26 | 20.11 | 3.99 | 5.046 | 3.84 | Bearish | Dec 16, 2018 | MSCI Denmark | -4.81% |
| Egypt | 5.49 | 3.31 | 9.52 | 8.80 | 1.082 | 2.81 | Bearish | May 05, 2019 | MSCI Egypt | 9.66% |
| Finland | 1.94 | 5.02 | 21.19 | 6.96 | 3.043 | 2.11 | Bearish | Oct 07, 2018 | MSCI Finland | 2.21% |
| France | 1.30 | 3.41 | 15.13 | 4.71 | 3.214 | 1.57 | Bearish | Feb 05, 2018 | MSCI France | 10.65% |
| Germany | 0.75 | 3.35 | 15.04 | 4.10 | 3.665 | 1.46 | Bearish | Oct 07, 2018 | MSCI Germany | 6.61% |
| Greece | 2.40 | 2.05 | 19.91 | 4.45 | 4.470 | 0.81 | Bullish | Dec 30, 2018 | MSCI Greece | 26.57% |
| Hong Kong SAR | 2.93 | 2.97 | 15.27 | 5.90 | 2.589 | 1.29 | Bearish | May 05, 2019 | MSCI Hong Kong | 7.40% |
| Hungary | 3.60 | 1.96 | 10.03 | 5.56 | 1.804 | 1.57 | Bullish | Sep 23, 2018 | MSCI Hungary | 3.47% |
| India | 7.26 | 1.34 | 24.95 | 8.60 | 2.902 | 2.78 | Bullish | May 19, 2019 | MSCI India USD | 7.69% |
| Indonesia | 5.24 | 2.61 | 16.96 | 7.85 | 2.161 | 2.58 | Bullish | May 19, 2019 | MSCI Indonesia USD | 2.05% |
| Ireland | 4.15 | 2.25 | 16.12 | 6.40 | 2.520 | 1.59 | Bearish | May 05, 2019 | MSCI Ireland | 12.99% |
| Israel | 3.30 | 0.91 | 17.91 | 4.21 | 4.254 | 1.54 | Bearish | Dec 16, 2018 | MSCI Israel | 1.04% |
| Italy | 0.09 | 4.48 | 11.18 | 4.57 | 2.448 | 1.06 | Bullish | Feb 10, 2019 | MSCI Italy | 7.41% |
| Japan | 0.98 | 2.58 | 12.42 | 3.56 | 3.492 | 1.19 | Bullish | Jan 06, 2019 | MSCI Japan USD | 3.86% |
| Korea, South | 2.55 | 2.58 | 9.36 | 5.13 | 1.824 | 0.91 | Bearish | Mar 03, 2019 | MSCI Korea USD | -4.48% |
| Malaysia | 4.66 | 3.23 | 18.39 | 7.89 | 2.331 | 1.69 | Bearish | Feb 05, 2018 | MSCI Malaysia USD | -1.36% |
| Mexico | 1.63 | 2.95 | 15.34 | 4.58 | 3.352 | 1.97 | Bullish | Jan 06, 2019 | MSCI Mexico USD | 3.13% |
| Netherlands | 1.81 | 2.89 | 17.57 | 4.70 | 3.739 | 2.09 | Bullish | Mar 10, 2019 | MSCI Netherlands | 13.86% |
| New Zealand | 2.52 | 2.41 | 26.09 | 4.93 | 5.293 | 3.23 | Bullish | Oct 28, 2018 | MSCI New Zealand | -2.15% |
| Norway | 2.01 | 4.52 | 13.69 | 6.53 | 2.097 | 1.71 | Bullish | Dec 30, 2018 | MSCI Norway | 2.76% |
| Pakistan | 2.91 | 6.93 | 8.51 | 9.84 | 0.865 | 1.05 | Bullish | May 19, 2019 | MSCI Pakistan USD | -8.69% |
| Peru | 3.93 | 2.65 | 17.93 | 6.58 | 2.724 | 2.34 | Bearish | May 05, 2019 | MSCI Peru | -0.27% |
| Philippines | 6.48 | 1.61 | 19.66 | 8.09 | 2.431 | 2.2 | Bullish | Jul 22, 2018 | MSCI Philippines USD | 10.13% |
| Poland | 3.77 | 2.46 | 13.05 | 6.23 | 2.095 | 1.3 | Bearish | May 05, 2019 | MSCI Poland USD | -3.51% |
| Portugal | 1.68 | 4.78 | 20.49 | 6.46 | 3.173 | 1.86 | Bearish | May 05, 2019 | MSCI Portugal | 6.99% |
| Qatar | 2.64 | 3.83 | 13.78 | 6.47 | 2.129 | 2.1 | Bearish | Feb 10, 2019 | MSCI Qatar | -6.63% |
| Russia | 1.62 | 5.91 | 5.30 | 7.53 | 0.704 | 0.88 | Bullish | Sep 09, 2018 | MSCI Russia | 20.08% |
| Singapore | 2.31 | 4.18 | 11.93 | 6.49 | 1.838 | 1.17 | Bullish | Oct 28, 2018 | MSCI Singapore USD | 3.85% |
| South Africa | 1.20 | 2.90 | 18.14 | 4.10 | 4.424 | 2.16 | Bearish | May 19, 2019 | MSCI South Africa USD | 4.70% |
| Spain | 2.13 | 4.55 | 12.30 | 6.68 | 1.841 | 1.16 | Bearish | Feb 05, 2018 | MSCI Spain | 5.94% |
| Sweden | 1.17 | 4.03 | 17.25 | 5.20 | 3.317 | 2 | Bearish | May 05, 2019 | MSCI Sweden | -2.46% |
| Switzerland | 1.06 | 3.18 | 20.16 | 4.24 | 4.757 | 2.82 | Bearish | Feb 05, 2018 | MSCI Switzerland | 14.02% |
| Taiwan | 2.51 | 4.13 | 14.61 | 6.64 | 2.202 | 1.7 | Bearish | May 12, 2019 | MSCI Taiwan USD | 4.49% |
| Thailand | 3.47 | 2.93 | 17.12 | 6.40 | 2.675 | 2.06 | Bullish | Oct 28, 2018 | MSCI Thailand USD | 7.18% |
| Turkey | -2.54 | 4.40 | 6.71 | 1.86 | 3.602 | 1.02 | Bearish | May 05, 2019 | MSCI Turkey | 1.62% |
| United Arab Emirates | 2.85 | 5.07 | 9.93 | 7.92 | 1.254 | 1.35 | Bearish | Jun 17, 2018 | MSCI UAE | 2.39% |
| United Kingdom | 1.18 | 4.71 | 13.21 | 5.89 | 2.244 | 1.66 | Bearish | Feb 05, 2018 | MSCI UK | 5.86% |
| United States | 2.33 | 2.05 | 19.72 | 4.38 | 4.501 | 3.27 | Bearish | Dec 02, 2018 | MSCI USA USD | 9.93% |
| Vietnam | 6.50 | 1.28 | 22.24 | 7.78 | 2.859 | 3.83 | Bullish | Feb 10, 2019 | FTSE Vietnam | 9.10% |
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | General Government Gross Debt as % of GDP | Debt Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Unemployment | Unemployment Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Index under 40 | Trade Dispute More than 10 cases on WTO | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.2 | Government Friendly to Business | Political Stability | Territorial Disputes/wars | Internal Conflict/ Terrorism | Total Score | % Modifier |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 67.31 | 57.3 | -3 | 86.2 | -5.4 | 9.1 | -1 | -1 | -1 | 1 | 1 | -1 | 0 | -5 | 20% | ||||||
| Australia | 1.25 | 1.3 | 40.7 | -1.5 | 5.2 | -1 | 1 | 0 | 0 | 0 | 0% | ||||||||||
| Austria | 0 | 1 | 1.7 | 73.8 | 2.3 | 8.4 | -1 | -1 | 1 | 0 | 0 | 0 | 0% | ||||||||
| Belgium | 0 | 1 | 1.89 | 102 | -1.3 | 5.7 | 1 | 0 | -1 | 1 | -5% | ||||||||||
| Brazil | 6.5 | -1 | 4.66 | 77.22 | -1.693 | 12.5 | -2 | -2 | 2 | -1 | 0 | -4 | 10% | ||||||||
| Canada | 1.75 | 2 | 90.6 | -3.087 | -1 | 5.4 | -2 | -1 | 1 | 2 | 0 | 0 | -1 | 0% | |||||||
| Chile | 2.5 | 2.3 | 25.6 | 1 | -3.1 | 6.9 | -1 | -1 | 1 | 2 | -1 | 0 | 1 | -5% | |||||||
| China | 4.35 | 2.7 | 47.6 | 0.4 | -1 | 3.67 | -1 | -3 | -1 | 2 | -1 | 0 | -5 | 20% | |||||||
| Colombia | 4.25 | 3.31 | 50.5 | -3.8 | 10.3 | -1 | -1 | 1 | -1 | -1 | -3 | 10% | |||||||||
| Czech Republic | 2 | 2.9 | 32.7 | 0.3 | -1 | 2.6 | 1 | 0 | 0 | 0 | 0% | ||||||||||
| Denmark | -0.65 | -1 | 0.7 | 34.1 | 6.1 | 3.7 | 1 | 0 | -1 | -1 | 0% | ||||||||||
| Egypt | 15.75 | -2 | 14.1 | -2 | 101 | -2 | -2.4 | 8.1 | -2 | 2 | -1 | -1 | -8 | 30% | |||||||
| Finland | 0 | 1 | 1.2 | 58.9 | -1.9 | 8.7 | 1 | 2 | 0 | 0 | 4 | -10% | |||||||||
| France | 0 | 1 | 0.9 | 98.4 | -1 | -0.3 | -1 | 8.7 | 1 | 1 | 0 | -1 | 0 | 0% | |||||||
| Germany | 0 | 1 | 1.4 | 56.934 | 7.3 | -1 | 3.2 | 1 | 0 | -1 | 0 | 0% | |||||||||
| Greece | 0 | 1 | 0.2 | 181 | -2 | -2.9 | 18.1 | 1 | -1 | -1 | -2 | 0% | |||||||||
| Hong Kong | 2.75 | 2.9 | 38.4 | 4.3 | 2.8 | 2 | 0 | 0 | 2 | -5% | |||||||||||
| Hungary | 0.9 | 1 | 3.9 | 70.8 | 0.4 | -1 | 3.5 | 2 | 0 | 0 | 2 | -5% | |||||||||
| India | 5.75 | 3.05 | 68.7 | -2.3 | 3.53 | -1 | -1 | -1 | 2 | -1 | -1 | -3 | 10% | ||||||||
| Indonesia | 6 | -1 | 3.32 | 29.8 | -1.76 | 5.01 | -1 | -1 | -1 | 2 | -1 | -1 | -4 | 10% | |||||||
| Ireland | 0 | 1 | 1 | 64.8 | 9.1 | 4.4 | 1 | 0 | -1 | 1 | -5% | ||||||||||
| Israel | 0.25 | 1 | 1.5 | 61 | 1.9 | 3.8 | 1 | -1 | -1 | 0 | 0% | ||||||||||
| Italy | 0 | 1 | 0.8 | 132 | 2.5 | -1 | 10.2 | -1 | 1 | 0 | -1 | -1 | 0% | ||||||||
| Japan | -0.1 | -1 | 0.9 | 253 | -2 | 3.5 | -1 | 2.4 | -1 | -1 | 1 | 2 | -1 | -1 | -5 | 20% | |||||
| Korea, South | 1.75 | 0.7 | 36.6 | 4.7 | -1 | 4 | -1 | 2 | -1 | 0 | -1 | 0% | |||||||||
| Malaysia | 3 | 0.2 | -1 | 51.8 | 2.3 | 1 | 3.4 | 2 | -1 | -1 | 0 | 0% | |||||||||
| Mexico | 8.25 | -1 | 4.28 | 46 | -1.8 | 3.5 | -1 | -3 | -1 | -1 | -1 | 2 | 0 | 0 | -6 | 20% | |||||
| Netherlands | 0 | 1 | 2.4 | 52.4 | 10.8 | 3.3 | 1 | 1 | 0 | 0 | 3 | -10% | |||||||||
| New Zealand | 1.5 | 1.5 | 19.9 | -2.8 | -1 | 4.2 | 1 | 0 | 0 | 0 | 0% | ||||||||||
| Norway | 1 | 1 | 2.5 | 36.2 | 8.1 | 1 | 3.5 | 1 | 0 | 0 | 3 | -10% | |||||||||
| Pakistan | 12.25 | 9.11 | -2 | 72.5 | -5.8 | 5.9 | -2 | 2 | -1 | -1 | -4 | 10% | |||||||||
| Peru | 2.75 | 2.73 | 26.8 | -1.5 | 7.3 | -2 | 1 | 2 | 0 | -1 | 0 | 0% | |||||||||
| Philippines | 4.75 | 3.8 | 39.104 | -2.2 | 5.2 | -1 | 2 | -1 | -1 | -1 | 0% | ||||||||||
| Poland | 4.5 | 3.2 | 41.9 | -2.4 | -1 | 5.1 | 2 | 0 | 0 | 1 | -5% | ||||||||||
| Portugal | 0 | 1 | 0.4 | 122 | -0.6 | 6.8 | 1 | 0 | 0 | 2 | -5% | ||||||||||
| Qatar | 5 | -1 | -0.4 | -1 | 48.4 | 8.7 | 0.1 | 2 | 0 | 0 | 0 | 0% | |||||||||
| Russia | 7.5 | 5.1 | 13.5 | 7 | -1 | 4.7 | -3 | -1 | -1 | 2 | -2 | -1 | -7 | 30% | |||||||
| Singapore | 1.88 | 0.8 | 112 | 17.7 | 2.2 | 1 | 2 | -1 | -1 | 1 | -5% | ||||||||||
| South Africa | 6.75 | -1 | 4.4 | 0.8 | 55.8 | -3.5 | 27.6 | -1 | -1 | 2 | 0 | 0 | -0.2 | 0% | |||||||
| Spain | 0 | 1 | 0.8 | 97.1 | -1 | 0.9 | 14.7 | -2 | 1 | -1 | -1 | -3 | 10% | ||||||||
| Sweden | -0.25 | -1 | 2.2 | 38.8 | 2 | 6.2 | 1 | 0 | 0 | 0 | 0% | ||||||||||
| Switzerland | -0.75 | -1 | 0.6 | 29.7 | 10.2 | 2 | 2.3 | 2 | 0 | 0 | 3 | -10% | |||||||||
| Taiwan | 1.38 | 0.94 | 30.9 | 11.6 | 3.73 | 2 | -1 | 0 | 1 | -5% | |||||||||||
| Thailand | 0 | 1.15 | 41.8 | 7.5 | -1 | 1 | 1 | -1 | -1 | 2 | -1 | -1 | -2 | 0% | |||||||
| Turkey | 24 | -3 | 18.71 | 28.3 | -3.5 | 14.1 | -1 | -1 | -1 | 2 | -1 | -1 | -6 | 20% | |||||||
| United Arab Emirates | 2.75 | -2.1 | 18.6 | 6.6 | 1 | 2.57 | 2 | 0 | 0 | 3 | -10% | ||||||||||
| United Kingdom | 0.75 | 1 | 2.1 | 84.7 | -1 | -3.9 | 3.8 | 1 | -1 | -1 | -1 | 0% | |||||||||
| United States | 2.5 | 1.8 | 105 | -2.4 | 3.6 | -3 | 1 | 0 | -1 | -3 | 10% | ||||||||||
| Vietnam | 6.25 | -1 | 2.88 | 57.5 | 3 | 2.17 | -2 | 2 | -1 | 0 | -2 | 0% |
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % May 31 2019 |
|---|---|---|---|
| Greece | 0.81 | Bullish | 26.57% |
| Russia | 0.88 | Bullish | 20.08% |
| Korea, South | 0.91 | Bearish | -4.48% |
| Turkey | 1.02 | Bearish | 1.62% |
| Pakistan | 1.05 | Bullish | -8.69% |
| Austria | 1.06 | Bearish | 2.35% |
| Italy | 1.06 | Bullish | 7.41% |
| Spain | 1.16 | Bearish | 5.94% |
| Singapore | 1.17 | Bullish | 3.85% |
| Japan | 1.19 | Bullish | 3.86% |
| Hong Kong SAR | 1.29 | Bearish | 7.40% |
| Poland | 1.3 | Bearish | -3.51% |
| Colombia | 1.31 | Bearish | 8.47% |
| Czech Republic | 1.34 | Bearish | 1.07% |
| United Arab Emirates | 1.35 | Bearish | 2.39% |
| Germany | 1.46 | Bearish | 6.61% |
| Israel | 1.54 | Bearish | 1.04% |
| France | 1.57 | Bearish | 10.65% |
| Hungary | 1.57 | Bullish | 3.47% |
| China | 1.58 | Bearish | -4.37% |
| Ireland | 1.59 | Bearish | 12.99% |
| Chile | 1.62 | Bearish | -7.07% |
| United Kingdom | 1.66 | Bearish | 5.86% |
| Malaysia | 1.69 | Bearish | -1.36% |
| Taiwan | 1.7 | Bearish | 4.49% |
| Norway | 1.71 | Bullish | 2.76% |
| Canada | 1.82 | Bullish | 14.11% |
| Portugal | 1.86 | Bearish | 6.99% |
| Belgium | 1.89 | Bearish | 12.36% |
| Mexico | 1.97 | Bullish | 3.13% |
| Sweden | 2 | Bearish | -2.46% |
| Australia | 2.02 | Bullish | 13.55% |
| Thailand | 2.06 | Bullish | 7.18% |
| Brazil | 2.07 | Bullish | 9.16% |
| Netherlands | 2.09 | Bullish | 13.86% |
| Qatar | 2.1 | Bearish | -6.63% |
| Finland | 2.11 | Bearish | 2.21% |
| South Africa | 2.16 | Bearish | 4.70% |
| Argentina | 2.19 | Bullish | 0.12% |
| Philippines | 2.2 | Bullish | 10.13% |
| Peru | 2.34 | Bearish | -0.27% |
| Indonesia | 2.58 | Bullish | 2.05% |
| India | 2.78 | Bullish | 7.69% |
| Egypt | 2.81 | Bearish | 9.66% |
| Switzerland | 2.82 | Bearish | 14.02% |
| New Zealand | 3.23 | Bullish | -2.15% |
| United States | 3.27 | Bearish | 9.93% |
| Vietnam | 3.83 | Bullish | 9.10% |
| Denmark | 3.84 | Bearish | -4.81% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % May 31 2019 |
|---|---|---|---|
| Russia | 0.704 | Bullish | 20.08% |
| Pakistan | 0.865 | Bullish | -8.69% |
| Egypt | 1.082 | Bearish | 9.66% |
| United Arab Emirates | 1.254 | Bearish | 2.39% |
| Czech Republic | 1.451 | Bearish | 1.07% |
| China | 1.514 | Bearish | -4.37% |
| Austria | 1.522 | Bearish | 2.35% |
| Hungary | 1.804 | Bullish | 3.47% |
| Korea, South | 1.824 | Bearish | -4.48% |
| Singapore | 1.838 | Bullish | 3.85% |
| Spain | 1.841 | Bearish | 5.94% |
| Colombia | 1.897 | Bearish | 8.47% |
| Poland | 2.095 | Bearish | -3.51% |
| Norway | 2.097 | Bullish | 2.76% |
| Qatar | 2.129 | Bearish | -6.63% |
| Indonesia | 2.161 | Bullish | 2.05% |
| Taiwan | 2.202 | Bearish | 4.49% |
| United Kingdom | 2.244 | Bearish | 5.86% |
| Chile | 2.312 | Bearish | -7.07% |
| Malaysia | 2.331 | Bearish | -1.36% |
| Philippines | 2.431 | Bullish | 10.13% |
| Italy | 2.448 | Bullish | 7.41% |
| Australia | 2.513 | Bullish | 13.55% |
| Ireland | 2.520 | Bearish | 12.99% |
| Hong Kong SAR | 2.589 | Bearish | 7.40% |
| Brazil | 2.603 | Bullish | 9.16% |
| Thailand | 2.675 | Bullish | 7.18% |
| Peru | 2.724 | Bearish | -0.27% |
| Vietnam | 2.859 | Bullish | 9.10% |
| India | 2.902 | Bullish | 7.69% |
| Finland | 3.043 | Bearish | 2.21% |
| Portugal | 3.173 | Bearish | 6.99% |
| France | 3.214 | Bearish | 10.65% |
| Sweden | 3.317 | Bearish | -2.46% |
| Mexico | 3.352 | Bullish | 3.13% |
| Japan | 3.492 | Bullish | 3.86% |
| Canada | 3.554 | Bullish | 14.11% |
| Turkey | 3.602 | Bearish | 1.62% |
| Germany | 3.665 | Bearish | 6.61% |
| Netherlands | 3.739 | Bullish | 13.86% |
| Belgium | 4.058 | Bearish | 12.36% |
| Israel | 4.254 | Bearish | 1.04% |
| South Africa | 4.424 | Bearish | 4.70% |
| Greece | 4.470 | Bullish | 26.57% |
| United States | 4.501 | Bearish | 9.93% |
| Switzerland | 4.757 | Bearish | 14.02% |
| Denmark | 5.046 | Bearish | -4.81% |
| New Zealand | 5.293 | Bullish | -2.15% |
| Argentina | 18.182 | Bullish | 0.12% |
| 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 2019 |
|---|---|---|---|---|---|---|---|
| Russia | 0.704 | 30.00% | 0.21 | 0.915 | Bullish | Sep 09, 2018 | 20.08% |
| Pakistan | 0.865 | 10.00% | 0.09 | 0.952 | Bullish | May 19, 2019 | -8.69% |
| United Arab Emirates | 1.254 | -10.00% | -0.13 | 1.129 | Bearish | Jun 17, 2018 | 2.39% |
| Egypt | 1.082 | 30.00% | 0.32 | 1.407 | Bearish | May 05, 2019 | 9.66% |
| Czech Republic | 1.451 | 0.00% | 0.00 | 1.451 | Bearish | Oct 21, 2018 | 1.07% |
| Austria | 1.522 | 0.00% | 0.00 | 1.522 | Bearish | May 05, 2019 | 2.35% |
| Hungary | 1.804 | -5.00% | -0.09 | 1.714 | Bullish | Sep 23, 2018 | 3.47% |
| Singapore | 1.838 | -5.00% | -0.09 | 1.746 | Bullish | Oct 28, 2018 | 3.85% |
| China | 1.514 | 20.00% | 0.30 | 1.817 | Bearish | May 05, 2019 | -4.37% |
| Korea, South | 1.824 | 0.00% | 0.00 | 1.824 | Bearish | Mar 03, 2019 | -4.48% |
| Norway | 2.097 | -10.00% | -0.21 | 1.887 | Bullish | Dec 30, 2018 | 2.76% |
| Poland | 2.095 | -5.00% | -0.10 | 1.990 | Bearish | May 05, 2019 | -3.51% |
| Spain | 1.841 | 10.00% | 0.18 | 2.025 | Bearish | Feb 05, 2018 | 5.94% |
| Colombia | 1.897 | 10.00% | 0.19 | 2.087 | Bearish | Apr 28, 2019 | 8.47% |
| Taiwan | 2.202 | -5.00% | -0.11 | 2.092 | Bearish | May 12, 2019 | 4.49% |
| Qatar | 2.129 | 0.00% | 0.00 | 2.129 | Bearish | Feb 10, 2019 | -6.63% |
| Chile | 2.312 | -5.00% | -0.12 | 2.196 | Bearish | Feb 24, 2019 | -7.07% |
| United Kingdom | 2.244 | 0.00% | 0.00 | 2.244 | Bearish | Feb 05, 2018 | 5.86% |
| Malaysia | 2.331 | 0.00% | 0.00 | 2.331 | Bearish | Feb 05, 2018 | -1.36% |
| Indonesia | 2.161 | 10.00% | 0.22 | 2.377 | Bullish | May 19, 2019 | 2.05% |
| Ireland | 2.520 | -5.00% | -0.13 | 2.394 | Bearish | May 05, 2019 | 12.99% |
| Philippines | 2.431 | 0.00% | 0.00 | 2.431 | Bullish | Jul 22, 2018 | 10.13% |
| Italy | 2.448 | 0.00% | 0.00 | 2.448 | Bullish | Feb 10, 2019 | 7.41% |
| Hong Kong SAR | 2.589 | -5.00% | -0.13 | 2.460 | Bearish | May 05, 2019 | 7.40% |
| Australia | 2.513 | 0.00% | 0.00 | 2.513 | Bullish | Oct 28, 2018 | 13.55% |
| Thailand | 2.675 | 0.00% | 0.00 | 2.675 | Bullish | Oct 28, 2018 | 7.18% |
| Peru | 2.724 | 0.00% | 0.00 | 2.724 | Bearish | May 05, 2019 | -0.27% |
| Finland | 3.043 | -10.00% | -0.30 | 2.739 | Bearish | Oct 07, 2018 | 2.21% |
| Vietnam | 2.859 | 0.00% | 0.00 | 2.859 | Bullish | Feb 10, 2019 | 9.10% |
| Brazil | 2.603 | 10.00% | 0.26 | 2.863 | Bullish | May 19, 2019 | 9.16% |
| Portugal | 3.173 | -5.00% | -0.16 | 3.015 | Bearish | May 05, 2019 | 6.99% |
| India | 2.902 | 10.00% | 0.29 | 3.192 | Bullish | May 19, 2019 | 7.69% |
| France | 3.214 | 0.00% | 0.00 | 3.214 | Bearish | Feb 05, 2018 | 10.65% |
| Sweden | 3.317 | 0.00% | 0.00 | 3.317 | Bearish | May 05, 2019 | -2.46% |
| Netherlands | 3.739 | -10.00% | -0.37 | 3.365 | Bullish | Mar 10, 2019 | 13.86% |
| Canada | 3.554 | 0.00% | 0.00 | 3.554 | Bullish | Jan 06, 2019 | 14.11% |
| Germany | 3.665 | 0.00% | 0.00 | 3.665 | Bearish | Oct 07, 2018 | 6.61% |
| Belgium | 4.058 | -5.00% | -0.20 | 3.855 | Bearish | May 12, 2019 | 12.36% |
| Mexico | 3.352 | 20.00% | 0.67 | 4.022 | Bullish | Jan 06, 2019 | 3.13% |
| Japan | 3.492 | 20.00% | 0.70 | 4.190 | Bullish | Jan 06, 2019 | 3.86% |
| Israel | 4.254 | 0.00% | 0.00 | 4.254 | Bearish | Dec 16, 2018 | 1.04% |
| Switzerland | 4.757 | -10.00% | -0.48 | 4.281 | Bearish | Feb 05, 2018 | 14.02% |
| Turkey | 3.602 | 20.00% | 0.72 | 4.322 | Bearish | May 05, 2019 | 1.62% |
| South Africa | 4.424 | 0.00% | 0.00 | 4.424 | Bearish | May 19, 2019 | 4.70% |
| Greece | 4.470 | 0.00% | 0.00 | 4.470 | Bullish | Dec 30, 2018 | 26.57% |
| United States | 4.501 | 10.00% | 0.45 | 4.951 | Bearish | Dec 02, 2018 | 9.93% |
| Denmark | 5.046 | 0.00% | 0.00 | 5.046 | Bearish | Dec 16, 2018 | -4.81% |
| New Zealand | 5.293 | 0.00% | 0.00 | 5.293 | Bullish | Oct 28, 2018 | -2.15% |
| Argentina | 18.182 | 20.00% | 3.64 | 21.819 | Bullish | Apr 28, 2019 | 0.12% |
Country Value and Growth Factors March 4, 2019
| Country | 2019 GDP Annual Growth Rate Change | Yield | P/E | Total Return | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Mar 4 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | -1.62 | 2.59 | 26.98 | 0.97 | 27.786 | 2.36 | Bearish | Feb 24, 2019 | MSCI Argentina | 2.57% |
| Australia | 2.77 | 4.56 | 15.26 | 7.325 | 2.083 | 1.97 | Bullish | Oct 28, 2018 | MSCI Australia USD | 11.29% |
| Austria | 2.15 | 3.45 | 9.83 | 5.6 | 1.755 | 1.2 | Bearish | Mar 03, 2019 | MSCI Austria | 11.99% |
| Belgium | 1.54 | 3.86 | 16.48 | 5.399 | 3.052 | 1.81 | Bullish | Feb 24, 2019 | MSCI Belgium | 8.36% |
| Brazil | 2.37 | 3.51 | 17.49 | 5.882 | 2.973 | 2.04 | Bearish | Feb 03, 2019 | MSCI Brazil USD | 10.37% |
| Canada | 2.05 | 3.18 | 17.21 | 5.226 | 3.293 | 1.81 | Bullish | Jan 06, 2019 | MSCI Canada USD | 13.84% |
| Chile | 3.41 | 2.90 | 18.66 | 6.306 | 2.959 | 1.85 | Bearish | Feb 24, 2019 | MSCI Chile USD | 7.03% |
| China | 6.18 | 2.11 | 13.15 | 8.286 | 1.587 | 1.72 | Bullish | Jan 06, 2019 | MSCI China USD | 17.48% |
| Colombia | 3.59 | 2.69 | 14.00 | 6.284 | 2.228 | 1.38 | Bullish | Dec 30, 2018 | MSCI Colombia | 19.89% |
| Czech Republic | 3.05 | 6.63 | 13.83 | 9.677 | 1.429 | 1.52 | Bullish | Jan 27, 2019 | MSCI Czech Republic | 5.49% |
| Denmark | 1.94 | 2.26 | 19.72 | 4.203 | 4.692 | 3.7 | Bearish | Dec 16, 2018 | MSCI Denmark | 9.74% |
| Egypt | 5.46 | 3.85 | 9.89 | 9.314 | 1.062 | 3.2 | Bearish | Feb 24, 2019 | MSCI Egypt | 11.82% |
| Finland | 1.76 | 4.44 | 23.01 | 6.203 | 3.709 | 2.29 | Bearish | Oct 07, 2018 | MSCI Finland | 11.92% |
| France | 1.62 | 3.30 | 15.15 | 4.924 | 3.077 | 1.59 | Bearish | Feb 05, 2018 | MSCI France | 12.62% |
| Germany | 1.86 | 3.28 | 13.48 | 5.14 | 2.624 | 1.53 | Bearish | Jan 28, 2018 | MSCI Germany | 9.50% |
| Greece | 2.35 | 2.97 | 19.81 | 5.321 | 3.723 | 0.91 | Bullish | Dec 30, 2018 | MSCI Greece | 11.94% |
| Hong Kong SAR | 2.93 | 2.69 | 13.88 | 5.618 | 2.471 | 1.38 | Bullish | Oct 28, 2018 | MSCI Hong Kong | 14.92% |
| Hungary | 3.30 | 1.98 | 10.87 | 5.28 | 2.059 | 1.63 | Bullish | Sep 23, 2018 | MSCI Hungary | 2.68% |
| India | 7.44 | 1.33 | 22.66 | 8.77 | 2.585 | 2.95 | Bullish | Oct 28, 2018 | MSCI India USD | -1.24% |
| Indonesia | 5.12 | 2.33 | 17.24 | 7.45 | 2.314 | 2.72 | Bearish | Feb 10, 2019 | MSCI Indonesia USD | 4.00% |
| Ireland | 4.01 | 2.07 | 16.04 | 6.077 | 2.639 | 1.62 | Bearish | Dec 02, 2018 | MSCI Ireland | 13.46% |
| Israel | 3.45 | 1.19 | 14.94 | 4.643 | 3.218 | 1.71 | Bearish | Dec 02, 2018 | MSCI Israel | 10.17% |
| Italy | 1.03 | 4.15 | 12.08 | 5.176 | 2.334 | 1.16 | Bullish | Feb 10, 2019 | MSCI Italy | 12.37% |
| Japan | 0.94 | 2.41 | 13.12 | 3.353 | 3.913 | 1.28 | Bullish | Jan 06, 2019 | MSCI Japan USD | 6.86% |
| Korea, South | 2.58 | 2.47 | 8.45 | 5.046 | 1.675 | 1 | Bearish | Mar 03, 2019 | MSCI Korea USD | 7.70% |
| Malaysia | 4.60 | 2.95 | 16.99 | 7.55 | 2.250 | 1.7 | Bearish | Feb 05, 2018 | MSCI Malaysia USD | 3.83% |
| Mexico | 2.52 | 2.82 | 16.16 | 5.344 | 3.024 | 2.04 | Bullish | Jan 06, 2019 | MSCI Mexico USD | -3.85% |
| Netherlands | 2.60 | 2.83 | 16.33 | 5.428 | 3.008 | 2.16 | Bearish | Dec 16, 2018 | MSCI Netherlands | 13.19% |
| New Zealand | 3.04 | 2.42 | 31.44 | 5.456 | 5.762 | 2.98 | Bullish | Oct 28, 2018 | MSCI New Zealand | 9.78% |
| Norway | 2.06 | 4.23 | 15.14 | 6.288 | 2.408 | 1.83 | Bullish | Dec 30, 2018 | MSCI Norway | 7.03% |
| Pakistan | 4.01 | 6.28 | 10.35 | 10.285 | 1.006 | 1.2 | Bullish | Jan 06, 2019 | MSCI Pakistan | 9.93% |
| Peru | 4.12 | 1.93 | 17.38 | 6.045 | 2.875 | 2.52 | Bearish | Nov 18, 2018 | MSCI Peru | 7.43% |
| Philippines | 6.63 | 1.52 | 19.49 | 8.15 | 2.391 | 2.15 | Bearish | Feb 24, 2019 | MSCI Philippines USD | 2.92% |
| Poland | 3.51 | 2.01 | 12.94 | 5.521 | 2.344 | 1.39 | Bullish | Oct 28, 2018 | MSCI Poland | 1.00% |
| Portugal | 1.80 | 4.93 | 20.38 | 6.73 | 3.028 | 1.97 | Bullish | Dec 30, 2018 | MSCI Portugal | 9.80% |
| Qatar | 2.82 | 3.58 | 13.91 | 6.396 | 2.175 | 1.92 | Bearish | Feb 10, 2019 | MSCI Qatar | -3.18% |
| Russia | 1.80 | 5.63 | 6.01 | 7.427 | 0.809 | 0.9 | Bullish | Sep 09, 2018 | MSCI Russia | 10.71% |
| Singapore | 2.55 | 4.26 | 12.58 | 6.809 | 1.848 | 1.24 | Bullish | Oct 28, 2018 | MSCI Singapore | 6.82% |
| South Africa | 1.40 | 2.98 | 18.77 | 4.38 | 4.285 | 2.13 | Bullish | Oct 28, 2018 | MSCI South Africa USD | 4.85% |
| Spain | 2.20 | 4.43 | 12.69 | 6.632 | 1.913 | 1.26 | Bearish | Feb 05, 2018 | MSCI Spain | 7.92% |
| Sweden | 2.23 | 3.87 | 17.78 | 6.101 | 2.914 | 2.1 | Bullish | Oct 28, 2018 | MSCI Sweden | 13.22% |
| Switzerland | 1.82 | 3.09 | 16.11 | 4.912 | 3.280 | 2.69 | Bearish | Feb 05, 2018 | MSCI Switzerland | 11.55% |
| Taiwan | 2.36 | 4.16 | 13.27 | 6.518 | 2.036 | 1.76 | Bullish | Oct 28, 2018 | MSCI Taiwan USD | 5.53% |
| Thailand | 3.86 | 2.85 | 15.30 | 6.709 | 2.281 | 2.05 | Bullish | Jan 06, 2019 | MSCI Thailand USD | 6.90% |
| Turkey | 0.37 | 4.74 | 7.18 | 5.114 | 1.404 | 1.12 | Bullish | Oct 28, 2018 | MSCI Turkey | 16.88% |
| United Arab Emirates | 3.66 | 5.20 | 10.13 | 8.862 | 1.143 | 1.39 | Bearish | Jun 17, 2018 | MSCI UAE | 5.92% |
| United Kingdom | 1.49 | 4.68 | 14.17 | 6.17 | 2.295 | 1.39 | Bearish | Feb 05, 2018 | MSCI UK | 5.78% |
| United States | 2.54 | 2.02 | 19.95 | 4.561 | 4.374 | 3.29 | Bearish | Dec 02, 2018 | MSCI USA USD | 11.61% |
| Vietnam | 6.50 | 1.01 | 23.90 | 7.51 | 3.182 | 4.31 | Bullish | Feb 10, 2019 | FTSE Vietnam | 15.01% |
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | General Government Gross Debt as % of GDP | Debt Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Unemployment | Unemployment Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Index under 40 | Trade Dispute More than 10 cases on WTO | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.2 | Government Friendly to Business | Political Stability | Territorial Disputes/wars | Internal Conflict/ Terrorism | Total Score | % Modifier |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 50.22 | -3 | 48.9 | -3 | 57.1 | -6.3 | -2 | 9 | -1 | -1 | -2 | -1 | 1 | 1 | -1 | 0 | -12 | 40% | |||
| Australia | 1.5 | 1.8 | 41.9 | -2.3 | -1 | 5 | -1 | 1 | 0 | 0 | -1 | 0% | |||||||||
| Austria | 0 | 1 | 1.7 | 78.4 | 1 | 8.4 | -1 | -1 | 1 | 0 | 0 | 0 | 0% | ||||||||
| Belgium | 0 | 1 | 2.17 | 103 | -2 | -2.1 | -1 | 5.6 | 1 | 0 | -1 | -2 | 0% | ||||||||
| Brazil | 6.5 | -1 | 3.78 | 74.04 | 0.4 | 12 | -2 | -1 | -2 | -2 | 2 | -1 | 0 | -7 | 30% | ||||||
| Canada | 1.75 | 1.4 | 89.6 | -1 | -3.6 | -1 | 5.8 | -2 | -1 | 1 | 2 | 0 | 0 | -2 | 0% | ||||||
| Chile | 3 | 1.8 | 23.6 | 1 | -0.3 | 6.8 | -1 | -1 | 1 | 2 | -1 | 0 | 1 | -5% | |||||||
| China | 4.35 | 1.7 | 47.6 | 0.2 | -1 | 3.8 | -1 | -2 | -3 | -1 | 2 | -1 | 0 | -7 | 30% | ||||||
| Colombia | 4.25 | 3.01 | 48.5 | -3.5 | -1 | 12.8 | -1 | -1 | -2 | 1 | -1 | -1 | -6 | 20% | |||||||
| Czech Republic | 1.75 | 2.5 | 34.6 | -1.8 | -1 | 3.3 | 1 | 0 | 0 | 0 | 0% | ||||||||||
| Denmark | -0.65 | -1 | 1.3 | 36.4 | 5.2 | 1 | 3.7 | 1 | 1 | 0 | -1 | 1 | -5% | ||||||||
| Egypt | 15.75 | -2 | 12.7 | -2 | 101 | -2 | -6.5 | -2 | 8.9 | -1 | -2 | 2 | -1 | -1 | -11 | 40% | |||||
| Finland | 0 | 1 | 1.1 | 61.4 | 1 | 6.8 | 1 | 2 | 0 | 0 | 4 | -10% | |||||||||
| France | 0 | 1 | 1.3 | 97 | -1 | -2.2 | -1 | 8.8 | -1 | 1 | 1 | 0 | -1 | -1 | 0% | ||||||
| Germany | 0 | 1 | 1.6 | 63.9 | 8.1 | 2 | -1 | 3.2 | 1 | 0 | -1 | 2 | -5% | ||||||||
| Greece | 0 | 1 | 0.4 | 179 | -2 | -6.8 | -2 | 18 | -3 | -1 | 1 | -1 | -1 | -8 | 30% | ||||||
| Hong Kong | 2.75 | 2.4 | 38.4 | 2.4 | 2.8 | -1 | 2 | 0 | 0 | 1 | -5% | ||||||||||
| Hungary | 0.9 | 1 | 3.7 | 73.6 | 3.7 | -1 | 3.7 | -1 | 2 | 0 | 0 | 1 | -5% | ||||||||
| India | 6.25 | -1 | 2.05 | 68.7 | -1.9 | 6.1 | -1 | -2 | -1 | -1 | 2 | -1 | -1 | -6 | 20% | ||||||
| Indonesia | 6 | -1 | 2.57 | 28.7 | -3 | -1 | 5.34 | -2 | -1 | -1 | 2 | -1 | -1 | -6 | 20% | ||||||
| Ireland | 0 | 1 | 0.7 | 68 | 12.4 | 2 | 5.6 | 1 | 0 | -1 | 3 | -10% | |||||||||
| Israel | 0.25 | 1 | 1.1 | 60.9 | 2.3 | 4.3 | 1 | -1 | -1 | 0 | 0% | ||||||||||
| Italy | 0 | 1 | 1.1 | 132 | -2 | 1.1 | -1 | 10.5 | -2 | -1 | -1 | 1 | 0 | -1 | -6 | 20% | |||||
| Japan | -0.1 | -1 | 0.2 | 253 | -2 | 4.02 | 1 | -1 | 2.5 | -1 | -1 | 1 | 2 | -1 | -1 | -4 | 10% | ||||
| Korea, South | 1.75 | 0.5 | 38 | 3.9 | -1 | 4.4 | -1 | -1 | 2 | -1 | 0 | -2 | 0% | ||||||||
| Malaysia | 3.25 | -0.7 | -1 | 50.9 | 4.4 | 1 | 3.3 | -1 | -1 | 2 | -1 | -1 | -2 | 0% | |||||||
| Mexico | 8.25 | -1 | 5 | -1 | 46.4 | -2.3 | 3.6 | -2 | -1 | -1 | -1 | 2 | 0 | 0 | -5 | 20% | |||||
| Netherlands | 0 | 1 | 2.6 | 56.7 | 8.5 | 2 | 3.6 | 1 | 1 | 0 | 0 | 5 | -15% | ||||||||
| New Zealand | 1.75 | 1.9 | 22.2 | 1 | -2.8 | -1 | 4.3 | 1 | 1 | 0 | 0 | 2 | -5% | ||||||||
| Norway | 0.75 | 1 | 3.1 | 36.2 | 7.2 | 1 | 3.7 | 1 | 0 | 0 | 3 | -10% | |||||||||
| Pakistan | 10.25 | -2 | 8.21 | -2 | 67.2 | -4.7 | -1 | 5.9 | -2 | 2 | -1 | -1 | -7 | 30% | |||||||
| Peru | 2.75 | 1.95 | 25.5 | -2.5 | -1 | 6.5 | -1 | -2 | 1 | 2 | 0 | -1 | -2 | 0% | |||||||
| Philippines | 4.75 | 3.8 | 41.9 | -0.8 | 5.2 | -1 | -2 | 2 | -1 | -1 | -3 | 10% | |||||||||
| Poland | 1.5 | 0.9 | 50.6 | 0.3 | -1 | 5.7 | 2 | 0 | 0 | 1 | -5% | ||||||||||
| Portugal | 0 | 1 | 0.9 | 126 | -2 | -0.9 | 6.7 | 1 | 0 | 0 | 0 | 0% | |||||||||
| Qatar | 5 | -1 | -0.4 | -1 | 54.4 | 3.8 | 0.1 | -1 | 2 | 0 | 0 | -1 | 0% | ||||||||
| Russia | 7.75 | -1 | 5.2 | -1 | 13.5 | 1 | 2.2 | -1 | 4.9 | -1 | -3 | -1 | -1 | 2 | -2 | -1 | -9 | 30% | |||
| Singapore | 1.9 | 0.4 | 111 | -2 | 14.436 | 2 | 2.2 | -1 | 1 | 2 | -1 | -1 | 0 | 0% | |||||||
| South Africa | 6.75 | -1 | 4 | -1 | 53.1 | 3.9 | 27.1 | -3 | -1 | -1 | 2 | 0 | 0 | -5 | 20% | ||||||
| Spain | 0 | 1 | 1.1 | 98.3 | -1 | -0.5 | 14.45 | -2 | 1 | -1 | -1 | -3 | 10% | ||||||||
| Sweden | -0.25 | -1 | 1.9 | 40.6 | 0.8 | 6.5 | 1 | 0 | 0 | 0 | 0% | ||||||||||
| Switzerland | -0.75 | -1 | 0.6 | 29.7 | 10.8 | 2 | 2.7 | 2 | 0 | 0 | 3 | -10% | |||||||||
| Taiwan | 1.38 | 0.2 | 31.2 | -3.6 | -1 | 3.72 | 2 | -1 | 0 | 0 | 0% | ||||||||||
| Thailand | 1.75 | 0.73 | 41.8 | -0.067 | -1 | 1 | 1 | -2 | -1 | 2 | -1 | -1 | -3 | 10% | |||||||
| Turkey | 24 | -3 | 19.67 | -3 | 28.3 | -5.5 | -1 | 12.3 | -1 | -1 | -1 | -1 | 2 | -1 | -1 | -11 | 40% | ||||
| United Arab Emirates | 2.75 | -2.4 | 20.7 | 1 | 7.298 | 1 | 1.72 | 2 | 0 | 0 | 4 | -10% | |||||||||
| United Kingdom | 0.75 | 1 | 1.8 | 85.3 | -1 | -3.4 | 4 | 1 | -1 | -1 | -1 | 0% | |||||||||
| United States | 2.5 | 1.6 | 105 | -2 | -2.5 | 4 | -1 | -3 | 1 | 0 | -1 | -6 | 20% | ||||||||
| Vietnam | 6.25 | -1 | 2.64 | 61.5 | 2.9 | 2.19 | -2 | 2 | -1 | 0 | -2 | 0% |
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Mar 4 2019 |
|---|---|---|---|
| Russia | 0.9 | Bullish | Sep 09, 2018 |
| Greece | 0.91 | Bullish | Dec 30, 2018 |
| Korea, South | 1 | Bearish | Mar 03, 2019 |
| Turkey | 1.12 | Bullish | Oct 28, 2018 |
| Italy | 1.16 | Bullish | Feb 10, 2019 |
| Austria | 1.2 | Bearish | Mar 03, 2019 |
| Pakistan | 1.2 | Bullish | Jan 06, 2019 |
| Singapore | 1.24 | Bullish | Oct 28, 2018 |
| Spain | 1.26 | Bearish | Feb 05, 2018 |
| Japan | 1.28 | Bullish | Jan 06, 2019 |
| Colombia | 1.38 | Bullish | Dec 30, 2018 |
| Hong Kong SAR | 1.38 | Bullish | Oct 28, 2018 |
| Poland | 1.39 | Bullish | Oct 28, 2018 |
| United Arab Emirates | 1.39 | Bearish | Jun 17, 2018 |
| United Kingdom | 1.39 | Bearish | Feb 05, 2018 |
| Czech Republic | 1.52 | Bullish | Jan 27, 2019 |
| Germany | 1.53 | Bearish | Jan 28, 2018 |
| France | 1.59 | Bearish | Feb 05, 2018 |
| Ireland | 1.62 | Bearish | Dec 02, 2018 |
| Hungary | 1.63 | Bullish | Sep 23, 2018 |
| Malaysia | 1.7 | Bearish | Feb 05, 2018 |
| Israel | 1.71 | Bearish | Dec 02, 2018 |
| China | 1.72 | Bullish | Jan 06, 2019 |
| Taiwan | 1.76 | Bullish | Oct 28, 2018 |
| Belgium | 1.81 | Bullish | Feb 24, 2019 |
| Canada | 1.81 | Bullish | Jan 06, 2019 |
| Norway | 1.83 | Bullish | Dec 30, 2018 |
| Chile | 1.85 | Bearish | Feb 24, 2019 |
| Qatar | 1.92 | Bearish | Feb 10, 2019 |
| Australia | 1.97 | Bullish | Oct 28, 2018 |
| Portugal | 1.97 | Bullish | Dec 30, 2018 |
| Brazil | 2.04 | Bearish | Feb 03, 2019 |
| Mexico | 2.04 | Bullish | Jan 06, 2019 |
| Thailand | 2.05 | Bullish | Jan 06, 2019 |
| Sweden | 2.1 | Bullish | Oct 28, 2018 |
| South Africa | 2.13 | Bullish | Oct 28, 2018 |
| Philippines | 2.15 | Bearish | Feb 24, 2019 |
| Netherlands | 2.16 | Bearish | Dec 16, 2018 |
| Finland | 2.29 | Bearish | Oct 07, 2018 |
| Argentina | 2.36 | Bearish | Feb 24, 2019 |
| Peru | 2.52 | Bearish | Nov 18, 2018 |
| Switzerland | 2.69 | Bearish | Feb 05, 2018 |
| Indonesia | 2.72 | Bearish | Feb 10, 2019 |
| India | 2.95 | Bullish | Oct 28, 2018 |
| New Zealand | 2.98 | Bullish | Oct 28, 2018 |
| Egypt | 3.2 | Bearish | Feb 24, 2019 |
| United States | 3.29 | Bearish | Dec 02, 2018 |
| Denmark | 3.7 | Bearish | Dec 16, 2018 |
| Vietnam | 4.31 | Bullish | Feb 10, 2019 |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Mar 4 2019 |
|---|---|---|---|
| Russia | 0.809 | Bullish | Sep 09, 2018 |
| Pakistan | 1.006 | Bullish | Jan 06, 2019 |
| Egypt | 1.062 | Bearish | Feb 24, 2019 |
| United Arab Emirates | 1.143 | Bearish | Jun 17, 2018 |
| Turkey | 1.404 | Bullish | Oct 28, 2018 |
| Czech Republic | 1.429 | Bullish | Jan 27, 2019 |
| China | 1.587 | Bullish | Jan 06, 2019 |
| Korea, South | 1.675 | Bearish | Mar 03, 2019 |
| Austria | 1.755 | Bearish | Mar 03, 2019 |
| Singapore | 1.848 | Bullish | Oct 28, 2018 |
| Spain | 1.913 | Bearish | Feb 05, 2018 |
| Taiwan | 2.036 | Bullish | Oct 28, 2018 |
| Hungary | 2.059 | Bullish | Sep 23, 2018 |
| Australia | 2.083 | Bullish | Oct 28, 2018 |
| Qatar | 2.175 | Bearish | Feb 10, 2019 |
| Colombia | 2.228 | Bullish | Dec 30, 2018 |
| Malaysia | 2.250 | Bearish | Feb 05, 2018 |
| Thailand | 2.281 | Bullish | Jan 06, 2019 |
| United Kingdom | 2.295 | Bearish | Feb 05, 2018 |
| Indonesia | 2.314 | Bearish | Feb 10, 2019 |
| Italy | 2.334 | Bullish | Feb 10, 2019 |
| Poland | 2.344 | Bullish | Oct 28, 2018 |
| Philippines | 2.391 | Bearish | Feb 24, 2019 |
| Norway | 2.408 | Bullish | Dec 30, 2018 |
| Hong Kong SAR | 2.471 | Bullish | Oct 28, 2018 |
| India | 2.585 | Bullish | Oct 28, 2018 |
| Germany | 2.624 | Bearish | Jan 28, 2018 |
| Ireland | 2.639 | Bearish | Dec 02, 2018 |
| Peru | 2.875 | Bearish | Nov 18, 2018 |
| Sweden | 2.914 | Bullish | Oct 28, 2018 |
| Chile | 2.959 | Bearish | Feb 24, 2019 |
| Brazil | 2.973 | Bearish | Feb 03, 2019 |
| Netherlands | 3.008 | Bearish | Dec 16, 2018 |
| Mexico | 3.024 | Bullish | Jan 06, 2019 |
| Portugal | 3.028 | Bullish | Dec 30, 2018 |
| Belgium | 3.052 | Bullish | Feb 24, 2019 |
| France | 3.077 | Bearish | Feb 05, 2018 |
| Vietnam | 3.182 | Bullish | Feb 10, 2019 |
| Israel | 3.218 | Bearish | Dec 02, 2018 |
| Switzerland | 3.280 | Bearish | Feb 05, 2018 |
| Canada | 3.293 | Bullish | Jan 06, 2019 |
| Finland | 3.709 | Bearish | Oct 07, 2018 |
| Greece | 3.723 | Bullish | Dec 30, 2018 |
| Japan | 3.913 | Bullish | Jan 06, 2019 |
| South Africa | 4.285 | Bullish | Oct 28, 2018 |
| United States | 4.374 | Bearish | Dec 02, 2018 |
| Denmark | 4.692 | Bearish | Dec 16, 2018 |
| New Zealand | 5.762 | Bullish | Oct 28, 2018 |
| Argentina | 27.786 | Bearish | Feb 24, 2019 |
| 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 % Mar 4 2019 |
|---|---|---|---|---|---|---|---|
| United Arab Emirates | 1.143 | -10.00% | -0.11 | 1.029 | Bearish | Jun 17, 2018 | 5.92% |
| Russia | 0.809 | 30.00% | 0.24 | 1.052 | Bullish | Sep 09, 2018 | 10.71% |
| Pakistan | 1.006 | 30.00% | 0.30 | 1.308 | Bullish | Jan 06, 2019 | 9.93% |
| Czech Republic | 1.429 | 0.00% | 0.00 | 1.429 | Bullish | Jan 27, 2019 | 5.49% |
| Egypt | 1.062 | 40.00% | 0.42 | 1.487 | Bearish | Feb 24, 2019 | 11.82% |
| Korea, South | 1.675 | 0.00% | 0.00 | 1.675 | Bearish | Mar 03, 2019 | 7.70% |
| Austria | 1.755 | 0.00% | 0.00 | 1.755 | Bearish | Mar 03, 2019 | 11.99% |
| Singapore | 1.848 | 0.00% | 0.00 | 1.848 | Bullish | Oct 28, 2018 | 6.82% |
| Hungary | 2.059 | -5.00% | -0.10 | 1.956 | Bullish | Sep 23, 2018 | 2.68% |
| Turkey | 1.404 | 40.00% | 0.56 | 1.966 | Bullish | Oct 28, 2018 | 16.88% |
| Taiwan | 2.036 | 0.00% | 0.00 | 2.036 | Bullish | Oct 28, 2018 | 5.53% |
| China | 1.587 | 30.00% | 0.48 | 2.063 | Bullish | Jan 06, 2019 | 17.48% |
| Australia | 2.083 | 0.00% | 0.00 | 2.083 | Bullish | Oct 28, 2018 | 11.29% |
| Spain | 1.913 | 10.00% | 0.19 | 2.105 | Bearish | Feb 05, 2018 | 7.92% |
| Norway | 2.408 | -10.00% | -0.24 | 2.167 | Bullish | Dec 30, 2018 | 7.03% |
| Qatar | 2.175 | 0.00% | 0.00 | 2.175 | Bearish | Feb 10, 2019 | -3.18% |
| Poland | 2.344 | -5.00% | -0.12 | 2.227 | Bullish | Oct 28, 2018 | 1.00% |
| Malaysia | 2.250 | 0.00% | 0.00 | 2.250 | Bearish | Feb 05, 2018 | 3.83% |
| United Kingdom | 2.295 | 0.00% | 0.00 | 2.295 | Bearish | Feb 05, 2018 | 5.78% |
| Hong Kong SAR | 2.471 | -5.00% | -0.12 | 2.347 | Bullish | Oct 28, 2018 | 14.92% |
| Ireland | 2.639 | -10.00% | -0.26 | 2.376 | Bearish | Dec 02, 2018 | 13.46% |
| Germany | 2.624 | -5.00% | -0.13 | 2.492 | Bearish | Jan 28, 2018 | 9.50% |
| Thailand | 2.281 | 10.00% | 0.23 | 2.509 | Bullish | Jan 06, 2019 | 6.90% |
| Netherlands | 3.008 | -15.00% | -0.45 | 2.557 | Bearish | Dec 16, 2018 | 13.19% |
| Philippines | 2.391 | 10.00% | 0.24 | 2.631 | Bearish | Feb 24, 2019 | 2.92% |
| Colombia | 2.228 | 20.00% | 0.45 | 2.673 | Bullish | Dec 30, 2018 | 19.89% |
| Indonesia | 2.314 | 20.00% | 0.46 | 2.777 | Bearish | Feb 10, 2019 | 4.00% |
| Italy | 2.334 | 20.00% | 0.47 | 2.801 | Bullish | Feb 10, 2019 | 12.37% |
| Chile | 2.959 | -5.00% | -0.15 | 2.811 | Bearish | Feb 24, 2019 | 7.03% |
| Peru | 2.875 | 0.00% | 0.00 | 2.875 | Bearish | Nov 18, 2018 | 7.43% |
| Sweden | 2.914 | 0.00% | 0.00 | 2.914 | Bullish | Oct 28, 2018 | 13.22% |
| Switzerland | 3.280 | -10.00% | -0.33 | 2.952 | Bearish | Feb 05, 2018 | 11.55% |
| Portugal | 3.028 | 0.00% | 0.00 | 3.028 | Bullish | Dec 30, 2018 | 9.80% |
| Belgium | 3.052 | 0.00% | 0.00 | 3.052 | Bullish | Feb 24, 2019 | 8.36% |
| France | 3.077 | 0.00% | 0.00 | 3.077 | Bearish | Feb 05, 2018 | 12.62% |
| India | 2.585 | 20.00% | 0.52 | 3.102 | Bullish | Oct 28, 2018 | -1.24% |
| Vietnam | 3.182 | 0.00% | 0.00 | 3.182 | Bullish | Feb 10, 2019 | 15.01% |
| Israel | 3.218 | 0.00% | 0.00 | 3.218 | Bearish | Dec 02, 2018 | 10.17% |
| Canada | 3.293 | 0.00% | 0.00 | 3.293 | Bullish | Jan 06, 2019 | 13.84% |
| Finland | 3.709 | -10.00% | -0.37 | 3.339 | Bearish | Oct 07, 2018 | 11.92% |
| Mexico | 3.024 | 20.00% | 0.60 | 3.629 | Bullish | Jan 06, 2019 | -3.85% |
| Brazil | 2.973 | 30.00% | 0.89 | 3.866 | Bearish | Feb 03, 2019 | 10.37% |
| Japan | 3.913 | 10.00% | 0.39 | 4.304 | Bullish | Jan 06, 2019 | 6.86% |
| Denmark | 4.692 | -5.00% | -0.23 | 4.457 | Bearish | Dec 16, 2018 | 9.74% |
| Greece | 3.723 | 30.00% | 1.12 | 4.840 | Bullish | Dec 30, 2018 | 11.94% |
| South Africa | 4.285 | 20.00% | 0.86 | 5.142 | Bullish | Oct 28, 2018 | 4.85% |
| United States | 4.374 | 20.00% | 0.87 | 5.249 | Bearish | Dec 02, 2018 | 11.61% |
| New Zealand | 5.762 | -5.00% | -0.29 | 5.474 | Bullish | Oct 28, 2018 | 9.78% |
| Argentina | 27.786 | 40.00% | 11.11 | 38.900 | Bearish | Feb 24, 2019 | 2.57% |
| Country | 2018 GDP Constant Growth % Change | Yield | P/E | Total Return 2018 | PE/Total Return 2018 | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % Nov 4 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 3.00 | 2.89 | 24.32 | 5.89 | 4.128 | 2.36 | Bullish | Oct 28, 2018 | MSCI Argentina | -50.82% |
| Australia | 3.24 | 4.71 | 14.08 | 7.952 | 1.771 | 1.87 | Bullish | Oct 28, 2018 | MSCI Australia USD | -8.26% |
| Austria | 1.35 | 3.32 | 9.57 | 4.665 | 2.051 | 1.26 | Bullish | Jul 22, 2018 | MSCI Austria | 13.61% |
| Belgium | 1.56 | 3.84 | 16.45 | 5.396 | 3.049 | 1.76 | Bearish | Feb 05, 2018 | MSCI Belgium | -16.89% |
| Brazil | 4.16 | 3.41 | 18.16 | 7.569 | 2.399 | 1.96 | Bearish | Nov 04, 2018 | MSCI Brazil USD | 6.52% |
| Canada | 2.19 | 3.26 | 16.56 | 5.448 | 3.040 | 1.71 | Bearish | Jan 28, 2018 | MSCI Canada USD | -8.52% |
| Chile | 4.60 | 2.85 | 16.99 | 7.45 | 2.281 | 1.83 | Bullish | Sep 16, 2018 | MSCI Chile USD | -14.84% |
| China | 8.46 | 2.43 | 11.88 | 10.894 | 1.091 | 1.54 | Bearish | Nov 04, 2018 | MSCI China USD | -15.87% |
| Colombia | 4.49 | 2.79 | 13.52 | 7.285 | 1.856 | 1.31 | Bearish | Oct 07, 2018 | MSCI Colombia | -9.85% |
| Czech Republic | 2.99 | 6.63 | 13.83 | 9.618 | 1.438 | 1.52 | Bearish | Oct 21, 2018 | MSCI Czech Republic | -1.03% |
| Denmark | 1.53 | 2.48 | 18.79 | 4.005 | 4.692 | 3.52 | Bullish | Oct 28, 2018 | MSCI Denmark | -11.23% |
| Egypt | 6.51 | 3.97 | 9.93 | 10.479 | 0.948 | 3.16 | Bearish | Sep 30, 2018 | MSCI Egypt | -11.75% |
| Finland | 2.02 | 4.27 | 22.82 | 6.286 | 3.630 | 2.32 | Bearish | Oct 07, 2018 | MSCI Finland | 6.07% |
| France | 1.90 | 3.33 | 15.30 | 5.232 | 2.924 | 1.6 | Bearish | Feb 05, 2018 | MSCI France | 6.57% |
| Germany | 1.24 | 3.19 | 14.12 | 4.43 | 3.190 | 1.57 | Bearish | Jan 28, 2018 | MSCI Germany | -11.81% |
| Greece | 3.30 | 2.50 | 21.75 | 5.799 | 3.751 | 0.55 | Bearish | Aug 05, 2018 | MSCI Greece | -22.20% |
| Hong Kong SAR | 4.51 | 3.29 | 11.18 | 7.796 | 1.434 | 1.12 | Bullish | Oct 28, 2018 | MSCI Hong Kong | -13.30% |
| Hungary | 1.61 | 2.17 | 10.24 | 3.783 | 2.707 | 1.52 | Bullish | Sep 23, 2018 | MSCI Hungary | 15.54% |
| India | 6.92 | 1.40 | 22.29 | 8.37 | 2.665 | 2.83 | Bullish | Oct 28, 2018 | MSCI India USD | -13.02% |
| Indonesia | 6.50 | 2.65 | 16.06 | 9.15 | 1.755 | 2.65 | Bullish | Oct 28, 2018 | MSCI Indonesia | -16.90% |
| Ireland | 2.74 | 2.11 | 16.14 | 4.854 | 3.325 | 1.57 | Bullish | Oct 28, 2018 | MSCI Ireland | -13.42% |
| Israel | 3.47 | 1.99 | 12.72 | 5.456 | 2.331 | 1.65 | Bullish | Oct 28, 2018 | MSCI Israel | 7.23% |
| Italy | 1.20 | 4.42 | 10.95 | 5.62 | 1.948 | 1.08 | Bearish | Feb 05, 2018 | MSCI Italy | -11.63% |
| Japan | 1.13 | 2.31 | 12.83 | 3.44 | 3.730 | 1.29 | Bearish | Feb 05, 2018 | MSCI Japan USD | -8.15% |
| Korea, South | 3.97 | 2.57 | 8.02 | 6.539 | 1.226 | 0.94 | Bullish | Oct 28, 2018 | MSCI Korea USD | -20.19% |
| Malaysia | 5.20 | 2.97 | 16.10 | 8.17 | 1.971 | 1.7 | Bearish | Feb 05, 2018 | MSCI Malaysia USD | -5.96% |
| Mexico | 3.30 | 2.59 | 18.43 | 5.893 | 3.127 | 2.12 | Bearish | Oct 21, 2018 | MSCI Mexico USD | -7.27% |
| Netherlands | 2.06 | 3.00 | 16.53 | 5.057 | 3.269 | 1.98 | Bullish | Oct 28, 2018 | MSCI Netherlands | -5.06% |
| New Zealand | 2.46 | 2.58 | 29.10 | 5.043 | 5.770 | 2.8 | Bullish | Oct 28, 2018 | MSCI New Zealand | 0.11% |
| Norway | 2.12 | 3.99 | 17.61 | 6.109 | 2.883 | 2.02 | Bearish | Oct 21, 2018 | MSCI Norway | 2.54% |
| Pakistan | 2.99 | 5.65 | 10.64 | 8.642 | 1.231 | 1.29 | Bullish | Oct 21, 2018 | MSCI Pakistan | -11.58% |
| Peru | 6.01 | 1.91 | 15.53 | 7.936 | 1.957 | 2.53 | Bullish | Sep 16, 2018 | MSCI Peru | 1.22% |
| Philippines | 5.50 | 1.63 | 18.51 | 7.13 | 2.596 | 2.09 | Bullish | Jul 22, 2018 | MSCI Philippines USD | -20.80% |
| Poland | 3.53 | 2.35 | 11.01 | 6.029 | 1.826 | 1.32 | Bullish | Oct 28, 2018 | MSCI Poland | -9.58% |
| Portugal | 1.82 | 5.05 | 17.69 | 6.87 | 2.575 | 1.92 | Bearish | Sep 02, 2018 | MSCI Portugal | -6.16% |
| Qatar | 6.47 | 3.55 | 14.59 | 10.023 | 1.456 | 2.01 | Bullish | Aug 26, 2018 | MSCI Qatar | 24.53% |
| Russia | 3.60 | 5.84 | 6.68 | 9.44 | 0.708 | 0.9 | Bullish | Sep 09, 2018 | MSCI Russia USD | 4.81% |
| Singapore | 3.93 | 4.40 | 12.13 | 8.331 | 1.456 | 1.18 | Bullish | Oct 28, 2018 | MSCI Singapore | -11.33% |
| South Africa | 3.08 | 3.24 | 18.96 | 6.322 | 2.999 | 1.96 | Bullish | Oct 28, 2018 | MSCI South Africa USD | -21.98% |
| Spain | 1.57 | 4.45 | 12.73 | 6.023 | 2.114 | 1.23 | Bearish | Feb 05, 2018 | MSCI Spain | -10.03% |
| Sweden | 2.40 | 3.92 | 15.72 | 6.32 | 2.487 | 2.07 | Bullish | Oct 28, 2018 | MSCI Sweden | -1.85% |
| Switzerland | 1.94 | 3.16 | 20.76 | 5.1 | 4.071 | 2.6 | Bearish | Feb 05, 2018 | MSCI Switzerland | -4.35% |
| Taiwan | 5.00 | 4.33 | 13.21 | 9.329 | 1.416 | 1.77 | Bullish | Oct 28, 2018 | MSCI Taiwan | -6.22% |
| Thailand | 4.70 | 2.97 | 15.27 | 7.67 | 1.991 | 2.06 | Bullish | Oct 28, 2018 | MSCI Thailand USD | -1.99% |
| Turkey | 4.47 | 5.15 | 6.40 | 9.623 | 0.665 | 1 | Bullish | Oct 28, 2018 | MSCI Turkey | -18.64% |
| United Arab Emirates | 3.66 | 5.34 | 9.92 | 9.003 | 1.102 | 1.35 | Bearish | Jun 17, 2018 | MSCI UAE | -7.59% |
| United Kingdom | 2.47 | 4.50 | 14.22 | 6.97 | 2.040 | 1.62 | Bearish | Feb 05, 2018 | MSCI UK | -2.51% |
| United States | 2.92 | 2.02 | 20.93 | 4.936 | 4.240 | 3.24 | Bearish | Mar 18, 2018 | MSCI USA USD | 1.52% |
| Vietnam | 5.50 | 1.22 | 22.97 | 6.72 | 3.418 | 4.36 | Bullish | Jul 15, 2018 | FTSE Vietnam | -5.56% |
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | General Government Gross Debt as % of GDP | Debt Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Unemployment | Unemployment Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Index under 40 | Trade Dispute More than 10 cases on WTO | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.2 | Government Friendly to Business | Political Stability | Territorial Disputes/wars | Internal Conflict/ Terrorism | Total Score | % Modifier |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 68.2 | -3 | 40.3 | -3 | 57.1 | -1.611 | 7.045 | -1 | -2 | -1 | 1 | 1 | -1 | 0 | -9 | 30% | |||||
| Australia | 1.5 | 1.9 | 41.9 | -5.559 | -1 | 5 | -1 | 1 | 0 | 0 | -1 | 0% | |||||||||
| Austria | 0 | 1 | 2 | 78.4 | 2.312 | 7.3 | -1 | 1 | 0 | 0 | 1 | -5% | |||||||||
| Belgium | 0 | 1 | 2.75 | 103 | -2 | 1.139 | 6.3 | 1 | 0 | -1 | -1 | 0% | |||||||||
| Brazil | 6.5 | -1 | 4.5 | -1 | 74.04 | -3.437 | -1 | 11.9 | -1 | -1 | -2 | -2 | 1 | -1 | 0 | -9 | 30% | ||||
| Canada | 1.75 | 2.2 | 89.6 | -1 | -2.48 | -1 | 5.6 | -2 | -1 | 1 | 2 | 0 | 0 | -2 | 0% | ||||||
| Chile | 2.75 | 3.1 | 23.6 | 1 | -2.785 | -1 | 7.1 | -1 | -1 | 1 | 2 | -1 | 0 | 0 | 0% | ||||||
| China | 4.35 | 2.5 | 47.6 | 4.287 | 1 | -1 | 3.82 | -1 | -2 | -3 | -1 | 2 | -1 | 0 | -6 | 20% | |||||
| Colombia | 4.25 | 3.33 | 48.5 | -2.364 | -1 | 9.5 | -1 | -1 | -2 | 2 | -1 | -1 | -5 | 20% | |||||||
| Czech Republic | 1.75 | 2.3 | 34.6 | -1.835 | -1 | 3 | 1 | 0 | 0 | 0 | 0% | ||||||||||
| Denmark | 0.05 | 1 | 0.6 | 36.4 | 4.827 | 1 | 3.9 | 1 | 1 | 0 | -1 | 3 | -10% | ||||||||
| Egypt | 16.75 | -2 | 16 | -3 | 101 | -2 | -0.803 | 9.9 | -1 | -2 | 2 | -1 | -1 | -10 | 40% | ||||||
| Finland | 0 | 1 | 1.3 | 61.4 | -1.806 | 6.3 | 2 | 0 | 0 | 3 | -10% | ||||||||||
| France | 0 | 1 | 2.2 | 97 | -1 | 0.045 | 9.1 | -1 | 1 | 1 | 0 | -1 | 0 | 0% | |||||||
| Germany | 0 | 1 | 2.5 | 64.1 | 4.728 | 1 | -1 | 3.4 | 1 | 0 | -1 | 1 | -5% | ||||||||
| Greece | 0 | 1 | 1.1 | 179 | -2 | 1.431 | 19 | -3 | -1 | 1 | 1 | -1 | -1 | -5 | 20% | ||||||
| Hong Kong | 2.5 | 2.7 | 38.4 | 4.956 | 1 | 2.8 | -1 | 1 | 2 | 0 | 0 | 3 | -10% | ||||||||
| Hungary | 0.9 | 1 | 3.6 | 73.6 | -1.789 | -1 | 3.8 | -1 | 2 | 0 | 0 | 1 | -5% | ||||||||
| India | 6.5 | -1 | 3.77 | 68.7 | -3.389 | -1 | 3.52 | -1 | -2 | -1 | -1 | 2 | -1 | -1 | -7 | 30% | |||||
| Indonesia | 6.5 | -1 | 3.16 | 28.7 | -3.282 | -1 | 5.34 | -2 | -1 | -1 | 2 | -1 | -1 | -6 | 20% | ||||||
| Ireland | 0 | 1 | 0.9 | 68 | 3.991 | 5.3 | 1 | 0 | -1 | 1 | -5% | ||||||||||
| Israel | 0.1 | 1 | 1.2 | 60.9 | 2.308 | 4 | 1 | -1 | -1 | 0 | 0% | ||||||||||
| Italy | 0 | 1 | 1.2 | 132 | -2 | 0.087 | -1 | 10.1 | -1 | -1 | -1 | 1 | 0 | -1 | -5 | 20% | |||||
| Japan | -0.1 | -1 | 2.015 | 253 | -2 | 1.736 | -1 | 2.3 | -1 | -1 | 1 | 2 | -1 | -1 | -5 | 20% | |||||
| Korea, South | 1.5 | 2 | 38 | 1.072 | -1 | 4 | -1 | -1 | 2 | -1 | 0 | -2 | 0% | ||||||||
| Malaysia | 3.25 | 0.3 | 50.9 | 4.508 | 1 | 3.4 | -1 | -1 | 2 | -1 | -1 | -1 | 0% | ||||||||
| Mexico | 7.75 | -1 | 5.02 | -1 | 46.4 | -1.21 | 3.6 | -2 | -1 | -1 | 2 | 0 | 0 | -4 | 10% | ||||||
| Netherlands | 0 | 1 | 2.1 | 56.7 | 8.551 | 2 | 5.51 | 1 | 1 | 0 | 0 | 5 | -15% | ||||||||
| New Zealand | 1.75 | 1.9 | 22.2 | 1 | -7.15 | -1 | 3.9 | 1 | 1 | 0 | 0 | 2 | -5% | ||||||||
| Norway | 0.75 | 1 | 3.4 | 36.2 | 8.175 | 2 | 4 | 1 | 0 | 0 | 4 | -10% | |||||||||
| Pakistan | 8.5 | -1 | 7 | -1 | 67.2 | -0.543 | 5.9 | -2 | 2 | -1 | -1 | -4 | 10% | ||||||||
| Peru | 2.75 | 1.84 | 25.5 | -2.822 | -1 | 6.2 | -1 | -2 | 1 | 2 | 0 | -1 | -2 | 0% | |||||||
| Philippines | 4.5 | 6.7 | -1 | 42.1 | 1.21 | 7.025 | -1 | -2 | 2 | -1 | -1 | -4 | 10% | ||||||||
| Poland | 1.5 | 1.7 | 50.6 | -3.562 | -1 | -1 | 5.7 | 2 | 0 | 0 | 0 | 0% | |||||||||
| Portugal | 0 | 1 | 1 | 126 | -2 | 1.063 | 6.7 | 1 | 0 | 0 | 0 | 0% | |||||||||
| Qatar | 5 | -0.4 | -1 | 54.4 | 6.194 | 1 | 0.1 | -1 | 2 | 0 | 0 | 1 | -5% | ||||||||
| Russia | 7.5 | -1 | 3.5 | 12.7 | 1 | 0.095 | -1 | 4.5 | -1 | -3 | -1 | -1 | 2 | -2 | -1 | -8 | 30% | ||||
| Singapore | 1.45 | 0.7 | 111 | -2 | 14.436 | 2 | 2.1 | -1 | 1 | 2 | -1 | -1 | 0 | 0% | |||||||
| South Africa | 6.5 | -1 | 4.9 | -1 | 53.1 | -5.969 | -1 | 27.5 | -3 | -1 | -1 | 2 | 0 | 0 | -6 | 20% | |||||
| Spain | 0 | 1 | 2.3 | 98.3 | -1 | 3.594 | 14.55 | -2 | 2 | -1 | -1 | -2 | 0% | ||||||||
| Sweden | -0.5 | -1 | 2.3 | 40.6 | 7.829 | 1 | 6 | 1 | 0 | 0 | 1 | -5% | |||||||||
| Switzerland | -0.75 | -1 | 1.1 | 29.7 | 11.559 | 2 | 2.4 | 2 | 0 | 0 | 3 | -10% | |||||||||
| Taiwan | 1.38 | 1.17 | 31.2 | 8.69 | 2 | 3.7 | 2 | -1 | 0 | 3 | -10% | ||||||||||
| Thailand | 1.5 | 1.23 | 41.8 | -0.067 | -1 | 1 | 1 | -2 | -1 | 2 | -1 | -1 | -3 | 10% | |||||||
| Turkey | 24 | -3 | 25.24 | -3 | 28.3 | -8.443 | -2 | 10.8 | -1 | -1 | -1 | -1 | 2 | -1 | -1 | -12 | 40% | ||||
| United Arab Emirates | 2.5 | 3.1 | 20.7 | 1 | 7.298 | 1 | 1.72 | 2 | 0 | 0 | 4 | -10% | |||||||||
| United Kingdom | 0.75 | 1 | 2.4 | 85.3 | -1 | -2.568 | 4 | 1 | -1 | -1 | -1 | 0% | |||||||||
| United States | 2.25 | 2.3 | 105 | -2 | -3.503 | -1 | 3.7 | -1 | -3 | 1 | 0 | -1 | -7 | 30% | |||||||
| Vietnam | 6.25 | -1 | 3.89 | 61.5 | -1.349 | 2.2 | -2 | 2 | -1 | 0 | -2 | 0% |
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Nov 4 2018 |
|---|---|---|---|
| Greece | 0.55 | Bearish | -22.20% |
| Russia | 0.9 | Bullish | 4.81% |
| Korea, South | 0.94 | Bullish | -20.19% |
| Turkey | 1 | Bullish | -18.64% |
| Italy | 1.08 | Bearish | -11.63% |
| Hong Kong SAR | 1.12 | Bullish | -13.30% |
| Singapore | 1.18 | Bullish | -11.33% |
| Spain | 1.23 | Bearish | -10.03% |
| Austria | 1.26 | Bullish | 13.61% |
| Japan | 1.29 | Bearish | -8.15% |
| Pakistan | 1.29 | Bullish | -11.58% |
| Colombia | 1.31 | Bearish | -9.85% |
| Poland | 1.32 | Bullish | -9.58% |
| United Arab Emirates | 1.35 | Bearish | -7.59% |
| Czech Republic | 1.52 | Bearish | -1.03% |
| Hungary | 1.52 | Bullish | 15.54% |
| China | 1.54 | Bearish | -15.87% |
| Germany | 1.57 | Bearish | -11.81% |
| Ireland | 1.57 | Bullish | -13.42% |
| France | 1.6 | Bearish | 6.57% |
| United Kingdom | 1.62 | Bearish | -2.51% |
| Israel | 1.65 | Bullish | 7.23% |
| Malaysia | 1.7 | Bearish | -5.96% |
| Canada | 1.71 | Bearish | -8.52% |
| Belgium | 1.76 | Bearish | -16.89% |
| Taiwan | 1.77 | Bullish | -6.22% |
| Chile | 1.83 | Bullish | -14.84% |
| Australia | 1.87 | Bullish | -8.26% |
| Portugal | 1.92 | Bearish | -6.16% |
| Brazil | 1.96 | Bearish | 6.52% |
| South Africa | 1.96 | Bullish | -21.98% |
| Netherlands | 1.98 | Bullish | -5.06% |
| Qatar | 2.01 | Bullish | 24.53% |
| Norway | 2.02 | Bearish | 2.54% |
| Thailand | 2.06 | Bullish | -1.99% |
| Sweden | 2.07 | Bullish | -1.85% |
| Philippines | 2.09 | Bullish | -20.80% |
| Mexico | 2.12 | Bearish | -7.27% |
| Finland | 2.32 | Bearish | 6.07% |
| Argentina | 2.36 | Bullish | -50.82% |
| Peru | 2.53 | Bullish | 1.22% |
| Switzerland | 2.6 | Bearish | -4.35% |
| Indonesia | 2.65 | Bullish | -16.90% |
| New Zealand | 2.8 | Bullish | 0.11% |
| India | 2.83 | Bullish | -13.02% |
| Egypt | 3.16 | Bearish | -11.75% |
| United States | 3.24 | Bearish | 1.52% |
| Denmark | 3.52 | Bullish | -11.23% |
| Vietnam | 4.36 | Bullish | -5.56% |
| Country | PE/Total Return 2018 | 4% Model Market Indicator | Index YTD % Nov 4 2018 |
|---|---|---|---|
| Turkey | 0.665 | Bullish | -18.64% |
| Russia | 0.708 | Bullish | 4.81% |
| Egypt | 0.948 | Bearish | -11.75% |
| China | 1.091 | Bearish | -15.87% |
| UAE | 1.102 | Bearish | -7.59% |
| Korea, South | 1.226 | Bullish | -20.19% |
| Pakistan | 1.231 | Bullish | -11.58% |
| Taiwan | 1.416 | Bullish | -6.22% |
| Hong Kong SAR | 1.434 | Bullish | -13.30% |
| Czech Republic | 1.438 | Bearish | -1.03% |
| Qatar | 1.456 | Bullish | 24.53% |
| Singapore | 1.456 | Bullish | -11.33% |
| Indonesia | 1.755 | Bullish | -16.90% |
| Australia | 1.771 | Bullish | -8.26% |
| Poland | 1.826 | Bullish | -9.58% |
| Colombia | 1.856 | Bearish | -9.85% |
| Italy | 1.948 | Bearish | -11.63% |
| Peru | 1.957 | Bullish | 1.22% |
| Malaysia | 1.971 | Bearish | -5.96% |
| Thailand | 1.991 | Bullish | -1.99% |
| United Kingdom | 2.040 | Bearish | -2.51% |
| Austria | 2.051 | Bullish | 13.61% |
| Spain | 2.114 | Bearish | -10.03% |
| Chile | 2.281 | Bullish | -14.84% |
| Israel | 2.331 | Bullish | 7.23% |
| Brazil | 2.399 | Bearish | 6.52% |
| Sweden | 2.487 | Bullish | -1.85% |
| Portugal | 2.575 | Bearish | -6.16% |
| Philippines | 2.596 | Bullish | -20.80% |
| India | 2.665 | Bullish | -13.02% |
| Hungary | 2.707 | Bullish | 15.54% |
| Norway | 2.883 | Bearish | 2.54% |
| France | 2.924 | Bearish | 6.57% |
| South Africa | 2.999 | Bullish | -21.98% |
| Canada | 3.040 | Bearish | -8.52% |
| Belgium | 3.049 | Bearish | -16.89% |
| Mexico | 3.127 | Bearish | -7.27% |
| Germany | 3.190 | Bearish | -11.81% |
| Netherlands | 3.269 | Bullish | -5.06% |
| Ireland | 3.325 | Bullish | -13.42% |
| Vietnam | 3.418 | Bullish | -5.56% |
| Finland | 3.630 | Bearish | 6.07% |
| Japan | 3.730 | Bearish | -8.15% |
| Greece | 3.751 | Bearish | -22.20% |
| Switzerland | 4.071 | Bearish | -4.35% |
| Argentina | 4.128 | Bullish | -50.82% |
| United States | 4.240 | Bearish | 1.52% |
| Denmark | 4.692 | Bullish | -11.23% |
| New Zealand | 5.770 | Bullish | 0.11% |
| Country | PE/Total Return 2018 | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % Nov 4 2018 |
|---|---|---|---|---|---|---|---|
| Russia | 0.708 | 30.00% | 0.21 | 0.920 | Bullish | Sep 09, 2018 | 4.81% |
| Turkey | 0.665 | 40.00% | 0.27 | 0.931 | Bullish | Oct 28, 2018 | -18.64% |
| UAE | 1.102 | -10.00% | -0.11 | 0.992 | Bearish | Jun 17, 2018 | -7.59% |
| Korea, South | 1.226 | 0.00% | 0.00 | 1.226 | Bullish | Oct 28, 2018 | -20.19% |
| Taiwan | 1.416 | -10.00% | -0.14 | 1.274 | Bullish | Oct 28, 2018 | -6.22% |
| Hong Kong SAR | 1.434 | -10.00% | -0.14 | 1.291 | Bullish | Oct 28, 2018 | -13.30% |
| China | 1.091 | 20.00% | 0.22 | 1.309 | Bearish | Nov 04, 2018 | -15.87% |
| Egypt | 0.948 | 40.00% | 0.38 | 1.327 | Bearish | Sep 30, 2018 | -11.75% |
| Pakistan | 1.231 | 10.00% | 0.12 | 1.354 | Bullish | Oct 21, 2018 | -11.58% |
| Qatar | 1.456 | -5.00% | -0.07 | 1.383 | Bullish | Aug 26, 2018 | 24.53% |
| Czech Republic | 1.438 | 0.00% | 0.00 | 1.438 | Bearish | Oct 21, 2018 | -1.03% |
| Singapore | 1.456 | 0.00% | 0.00 | 1.456 | Bullish | Oct 28, 2018 | -11.33% |
| Australia | 1.771 | 0.00% | 0.00 | 1.771 | Bullish | Oct 28, 2018 | -8.26% |
| Poland | 1.826 | 0.00% | 0.00 | 1.826 | Bullish | Oct 28, 2018 | -9.58% |
| Austria | 2.051 | -5.00% | -0.10 | 1.949 | Bullish | Jul 22, 2018 | 13.61% |
| Peru | 1.957 | 0.00% | 0.00 | 1.957 | Bullish | Sep 16, 2018 | 1.22% |
| Malaysia | 1.971 | 0.00% | 0.00 | 1.971 | Bearish | Feb 05, 2018 | -5.96% |
| United Kingdom | 2.040 | 0.00% | 0.00 | 2.040 | Bearish | Feb 05, 2018 | -2.51% |
| Indonesia | 1.755 | 20.00% | 0.35 | 2.106 | Bullish | Oct 28, 2018 | -16.90% |
| Spain | 2.114 | 0.00% | 0.00 | 2.114 | Bearish | Feb 05, 2018 | -10.03% |
| Thailand | 1.991 | 10.00% | 0.20 | 2.190 | Bullish | Oct 28, 2018 | -1.99% |
| Colombia | 1.856 | 20.00% | 0.37 | 2.227 | Bearish | Oct 07, 2018 | -9.85% |
| Chile | 2.281 | 0.00% | 0.00 | 2.281 | Bullish | Sep 16, 2018 | -14.84% |
| Israel | 2.331 | 0.00% | 0.00 | 2.331 | Bullish | Oct 28, 2018 | 7.23% |
| Italy | 1.948 | 20.00% | 0.39 | 2.338 | Bearish | Feb 05, 2018 | -11.63% |
| Sweden | 2.487 | -5.00% | -0.12 | 2.363 | Bullish | Oct 28, 2018 | -1.85% |
| Hungary | 2.707 | -5.00% | -0.14 | 2.572 | Bullish | Sep 23, 2018 | 15.54% |
| Portugal | 2.575 | 0.00% | 0.00 | 2.575 | Bearish | Sep 02, 2018 | -6.16% |
| Norway | 2.883 | -10.00% | -0.29 | 2.594 | Bearish | Oct 21, 2018 | 2.54% |
| Netherlands | 3.269 | -15.00% | -0.49 | 2.778 | Bullish | Oct 28, 2018 | -5.06% |
| Philippines | 2.596 | 10.00% | 0.26 | 2.856 | Bullish | Jul 22, 2018 | -20.80% |
| France | 2.924 | 0.00% | 0.00 | 2.924 | Bearish | Feb 05, 2018 | 6.57% |
| Germany | 3.190 | -5.00% | -0.16 | 3.030 | Bearish | Jan 28, 2018 | -11.81% |
| Canada | 3.040 | 0.00% | 0.00 | 3.040 | Bearish | Jan 28, 2018 | -8.52% |
| Belgium | 3.049 | 0.00% | 0.00 | 3.049 | Bearish | Feb 05, 2018 | -16.89% |
| Brazil | 2.399 | 30.00% | 0.72 | 3.119 | Bearish | Nov 04, 2018 | 6.52% |
| Ireland | 3.325 | -5.00% | -0.17 | 3.159 | Bullish | Oct 28, 2018 | -13.42% |
| Finland | 3.630 | -10.00% | -0.36 | 3.267 | Bearish | Oct 07, 2018 | 6.07% |
| Vietnam | 3.418 | 0.00% | 0.00 | 3.418 | Bullish | Jul 15, 2018 | -5.56% |
| Mexico | 3.127 | 10.00% | 0.31 | 3.440 | Bearish | Oct 21, 2018 | -7.27% |
| India | 2.665 | 30.00% | 0.80 | 3.464 | Bullish | Oct 28, 2018 | -13.02% |
| South Africa | 2.999 | 20.00% | 0.60 | 3.599 | Bullish | Oct 28, 2018 | -21.98% |
| Switzerland | 4.071 | -10.00% | -0.41 | 3.664 | Bearish | Feb 05, 2018 | -4.35% |
| Denmark | 4.692 | -10.00% | -0.47 | 4.222 | Bullish | Oct 28, 2018 | -11.23% |
| Japan | 3.730 | 20.00% | 0.75 | 4.476 | Bearish | Feb 05, 2018 | -8.15% |
| Greece | 3.751 | 20.00% | 0.75 | 4.501 | Bearish | Aug 05, 2018 | -22.20% |
| Argentina | 4.128 | 30.00% | 1.24 | 5.367 | Bullish | Oct 28, 2018 | -50.82% |
| New Zealand | 5.770 | -5.00% | -0.29 | 5.482 | Bullish | Oct 28, 2018 | 0.11% |
| United States | 4.240 | 30.00% | 1.27 | 5.512 | Bearish | Mar 18, 2018 | 1.52% |
| Country | 2018 GDP Constant Growth % Change | Yield | P/E | Total Return 2 | PE/Total Return | Price/ Book Value | 4% Model Market Indicator | Date 4% Trend Started | Index | Index YTD % July 16 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 3.00 | 2.43 | 14.74 | 5.431 | 2.714 | 2.34 | Bullish | Jul 02, 2018 | MSCI Argentina | -42.77% |
| Australia | 3.24 | 4.28 | 15.57 | 7.522 | 2.070 | 2.04 | Bearish | Feb 05, 2018 | MSCI Australia USD | 0.04% |
| Austria | 1.35 | 3.20 | 10.42 | 4.545 | 2.293 | 1.3 | Bearish | Feb 05, 2018 | MSCI Austria | -7.91% |
| Belgium | 1.56 | 3.76 | 19.87 | 5.316 | 3.738 | 2.02 | Bearish | Feb 05, 2018 | MSCI Belgium | -2.83% |
| Brazil | 4.16 | 3.48 | 16.35 | 7.639 | 2.140 | 1.7 | Bullish | Jul 08, 2018 | MSCI Brazil USD | -9.18% |
| Canada | 2.19 | 2.97 | 17.77 | 5.158 | 3.445 | 1.88 | Bearish | Jan 28, 2018 | MSCI Canada USD | -4.38% |
| Chile | 4.60 | 2.68 | 18.56 | 7.28 | 2.549 | 1.88 | Bearish | Feb 25, 2018 | MSCI Chile USD | -9.96% |
| China | 8.46 | 1.95 | 14.81 | 10.414 | 1.422 | 1.87 | Bearish | Feb 05, 2018 | MSCI China USD | -2.52% |
| Colombia | 4.49 | 2.50 | 15.78 | 6.99 | 2.258 | 1.48 | Bearish | May 13, 2018 | MSCI Colombia | 5.45% |
| Czech Republic | 2.99 | 6.63 | 13.83 | 9.618 | 1.438 | 1.52 | Bullish | Oct 02, 2016 | MSCI Czech Republic | 4.54% |
| Denmark | 1.53 | 2.36 | 19.25 | 3.885 | 4.955 | 3.7 | Bullish | Feb 11, 2018 | MSCI Denmark | -3.80% |
| Egypt | 6.51 | 2.75 | 11.85 | 9.259 | 1.280 | 3.65 | Bearish | May 06, 2018 | MSCI Egypt | -3.34% |
| Finland | 2.02 | 4.06 | 25.78 | 6.076 | 4.243 | 2.32 | Bullish | Feb 11, 2018 | MSCI Finland | 10.16% |
| France | 1.90 | 3.16 | 15.97 | 5.062 | 3.155 | 1.64 | Bearish | Feb 05, 2018 | MSCI France | 2.67% |
| Germany | 1.24 | 2.93 | 15.38 | 4.17 | 3.691 | 1.7 | Bearish | Jan 28, 2018 | MSCI Germany | -4.80% |
| Greece | 3.30 | 1.54 | 26.05 | 4.839 | 5.383 | 0.59 | Bullish | May 27, 2018 | MSCI Greece | -6.99% |
| Hong Kong SAR | 4.51 | 2.79 | 12.26 | 7.296 | 1.680 | 1.31 | Bearish | Feb 05, 2018 | MSCI Hong Kong | -3.28% |
| Hungary | 1.61 | 2.25 | 10.16 | 3.863 | 2.630 | 1.54 | Bearish | Nov 26, 2017 | MSCI Hungary | -11.75% |
| India | 6.92 | 1.37 | 22.77 | 8.29 | 2.746 | 3.19 | Bearish | Jan 28, 2018 | MSCI India USD | -5.94% |
| Indonesia | 6.50 | 2.75 | 15.81 | 9.25 | 1.709 | 2.53 | Bullish | Jul 08, 2018 | MSCI Indonesia | -17.17% |
| Ireland | 2.74 | 1.86 | 17.53 | 4.602 | 3.809 | 1.82 | Bearish | Feb 05, 2018 | MSCI Ireland | 0.25% |
| Israel | 3.47 | 2.01 | 13.25 | 5.476 | 2.420 | 1.73 | Bullish | Apr 08, 2018 | MSCI Israel | 6.43% |
| Italy | 1.20 | 3.75 | 13.33 | 4.95 | 2.693 | 1.17 | Bearish | Feb 05, 2018 | MSCI Italy | -1.10% |
| Japan | 1.13 | 2.11 | 13.87 | 3.24 | 4.281 | 1.36 | Bearish | Feb 05, 2018 | MSCI Japan USD | -3.43% |
| Korea, South | 3.97 | 2.13 | 9.29 | 6.099 | 1.523 | 1.09 | Bearish | Mar 18, 2018 | MSCI Korea USD | -12.14% |
| Malaysia | 5.20 | 3.10 | 15.82 | 8.3 | 1.906 | 1.73 | Bearish | Feb 05, 2018 | MSCI Malaysia USD | -1.80% |
| Mexico | 3.30 | 2.23 | 21.06 | 5.533 | 3.806 | 2.42 | Bullish | Jun 24, 2018 | MSCI Mexico USD | 2.57% |
| Netherlands | 2.06 | 2.66 | 18.05 | 4.717 | 3.827 | 2.19 | Bearish | Feb 05, 2018 | MSCI Netherlands | 4.00% |
| New Zealand | 2.46 | 2.70 | 36.91 | 5.163 | 7.149 | 3.19 | Bullish | Jun 03, 2018 | MSCI New Zealand | 3.46% |
| Norway | 2.12 | 3.99 | 17.38 | 6.109 | 2.845 | 1.93 | Bullish | Jun 26, 2016 | MSCI Norway | -0.35% |
| Pakistan | 2.99 | 5.58 | 10.41 | 8.572 | 1.214 | 1.35 | Bearish | May 13, 2018 | MSCI Pakistan | -17.75% |
| Peru | 6.01 | 1.79 | 16.26 | 7.802 | 2.084 | 2.62 | Bullish | Feb 11, 2018 | MSCI Peru | 4.39% |
| Philippines | 5.50 | 1.70 | 18.26 | 7.2 | 2.536 | 2.1 | Bearish | Mar 18, 2018 | MSCI Philippines USD | -19.84% |
| Poland | 3.53 | 2.04 | 11.38 | 5.567 | 2.044 | 1.31 | Bullish | Jun 03, 2018 | MSCI Poland | -17.64% |
| Portugal | 1.82 | 4.58 | 20.85 | 6.4 | 3.258 | 1.98 | Bullish | May 13, 2018 | MSCI Portugal | 6.73% |
| Qatar | 6.47 | 4.30 | 12.41 | 10.773 | 1.152 | 1.72 | Bullish | Mar 11, 2018 | MSCI Qatar | 7.07% |
| Russia | 3.60 | 5.44 | 7.57 | 9.04 | 0.837 | 0.88 | Bearish | Jul 15, 2018 | MSCI Russia USD | 6.30% |
| Singapore | 3.93 | 3.73 | 13.62 | 7.661 | 1.778 | 1.28 | Bearish | Feb 05, 2018 | MSCI Singapore | -6.62% |
| South Africa | 3.08 | 2.80 | 20.44 | 5.882 | 3.475 | 2.43 | Bearish | May 13, 2018 | MSCI South Africa USD | -15.81% |
| Spain | 1.57 | 4.18 | 14.09 | 5.753 | 2.449 | 1.31 | Bearish | Feb 05, 2018 | MSCI Spain | -3.67% |
| Sweden | 2.40 | 3.86 | 16.74 | 6.26 | 2.674 | 2.08 | Bearish | Jun 17, 2018 | MSCI Sweden | -9.07% |
| Switzerland | 1.94 | 3.29 | 22.14 | 5.23 | 4.233 | 2.43 | Bearish | Feb 05, 2018 | MSCI Switzerland | -5.09% |
| Taiwan | 5.00 | 3.91 | 14.25 | 8.909 | 1.600 | 1.79 | Bearish | Feb 05, 2018 | MSCI Taiwan | -0.76% |
| Thailand | 4.70 | 3.09 | 14.76 | 7.79 | 1.895 | 1.99 | Bearish | Jun 24, 2018 | MSCI Thailand USD | -5.91% |
| Turkey | 4.47 | 4.88 | 7.01 | 9.353 | 0.749 | 1.13 | Bullish | Jul 15, 2018 | MSCI Turkey | -24.58% |
| United Arab Emirates | 3.66 | 5.45 | 9.69 | 9.113 | 1.063 | 1.35 | Bearish | Jun 17, 2018 | MSCI UAE | -5.23% |
| United Kingdom | 2.47 | 4.02 | 17.09 | 6.49 | 2.632 | 1.76 | Bearish | Feb 05, 2018 | MSCI UK | -1.49% |
| United States | 2.92 | 1.93 | 22.55 | 4.846 | 4.653 | 3.29 | Bearish | Mar 18, 2018 | MSCI USA USD | 4.56% |
| Vietnam | 5.50 | 1.32 | 26.69 | 6.82 | 3.913 | 5.01 | Bullish | Jul 15, 2018 | FTSE Vietnam | -7.19% |
| Country | Interest Rate | Interest Rate Score | Inflation | Inflation Score | General Government Gross Debt as % of GDP | Debt Score | Current Account Balance as a % of GDP | Competitiveness Score | Negative Pop Growth | Unemployment | Unemployment Score | Income Distribution GINI Index over 40 | Corruption Transparency Perception Index under 40 | Trade Dispute More than 10 cases on WTO | Equity Restrictions FDI Regulatory Restrictiveness Index Above 0.2 | Government Friendly to Business | Political Stability | Territorial Disputes/wars | Internal Conflict/ Terrorism | Total Score | % Modifier |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Argentina | 40% | -3 | 10.053 | -2 | 35.383 | -1.611 | -1 | 9.1 | -1 | -1 | -2 | -1 | 1 | 1 | -1 | 0 | -10 | 40% | |||
| Australia | 1.5 | 2.422 | 17.094 | 1 | -5.559 | -1 | 5.4 | -1 | 1 | 0 | 0 | 0 | 0% | ||||||||
| Austria | 0 | 1 | 1.9 | 69.407 | 2.312 | 1 | 6.8 | -1 | 1 | 0 | 0 | 2 | -5% | ||||||||
| Belgium | 0 | 1 | 1.181 | 92.683 | -1 | 1.139 | 6 | 1 | 0 | -1 | 0 | 0% | |||||||||
| Brazil | 6.5 | -1 | 4.5 | 60.377 | -3.437 | -1 | 12.7 | -2 | -1 | -2 | -2 | -1 | 1 | -1 | 0 | -10 | 40% | ||||
| Canada | 1.5 | 2.022 | 78.179 | -2.48 | -1 | 6 | -1 | -1 | 1 | 2 | 0 | 0 | 0 | 0% | |||||||
| Chile | 2.5 | 3 | 12.264 | 1 | -2.785 | -1 | 7 | -1 | -1 | 1 | 2 | -1 | 0 | 0 | 0% | ||||||
| China | 4.35 | 3 | 11.564 | 1 | 4.287 | 2 | -1 | 3.89 | -1 | -2 | -2 | -1 | 2 | -1 | 0 | -3 | 10% | ||||
| Colombia | 4.25 | 2.989 | 25.923 | -2.364 | -1 | 9.7 | -1 | -1 | -2 | 2 | -1 | -1 | -5 | 20% | |||||||
| Czech Republic | 1 | 2 | 48.075 | -1.835 | -1 | -1 | 2.9 | 1 | 0 | 0 | -1 | 0% | |||||||||
| Denmark | -0.65 | -1 | 2 | 49.287 | 4.827 | 2 | 4 | 1 | 1 | 0 | -1 | 2 | -5% | ||||||||
| Egypt | 16.75 | -2 | 6.206 | -1 | 65.482 | -0.803 | -1 | 10.6 | -1 | -2 | 2 | -1 | -1 | -7 | 30% | ||||||
| Finland | 0 | 1 | 2 | 57.253 | -4.587 | -1 | 9.3 | -1 | 1 | 0 | 0 | 0 | 0% | ||||||||
| France | 0 | 1 | 1.832 | 88.051 | -1 | 0.045 | 9.2 | -1 | 1 | 1 | 0 | -1 | 0 | 0% | |||||||
| Germany | 0 | 1 | 1.9 | 68.744 | 4.728 | 2 | -1 | 3.4 | 1 | 0 | -1 | 2 | -5% | ||||||||
| Greece | 0 | 1 | 1.5 | 144.344 | -2 | 1.431 | 20.2 | -3 | -1 | 1 | 1 | -1 | -1 | -5 | 20% | ||||||
| Hong Kong | 2.25 | 3.5 | 25.836 | 4.956 | 2 | 2.8 | -1 | 1 | 2 | 0 | 0 | 4 | -10% | ||||||||
| Hungary | 0.9 | 1 | 3 | 79.155 | -1.789 | -1 | -1 | 3.7 | -1 | 2 | 0 | 0 | 0 | 0% | |||||||
| India | 6.25 | -1 | 6.585 | -1 | 66.343 | -3.389 | -1 | 3.52 | -1 | -2 | -1 | -1 | 2 | -1 | -1 | -8 | 30% | ||||
| Indonesia | 5.25 | -1 | 4.161 | 18.195 | 1 | -3.282 | -1 | 5.13 | -2 | -1 | -1 | 2 | -1 | -1 | -5 | 20% | |||||
| Ireland | 0 | 1 | 1.778 | 105.808 | -2 | 3.991 | 1 | 5.1 | 1 | 0 | -1 | 0 | 0% | ||||||||
| Israel | 0.1 | 1 | 2.047 | 68.646 | 2.308 | 1 | 3.9 | 1 | -1 | -1 | 1 | -5% | |||||||||
| Italy | 0 | 1 | 1.51 | 123.448 | -2 | 0.087 | -1 | 10.7 | -1 | -1 | 1 | 0 | -1 | -4 | 10% | ||||||
| Japan | -0.1 | -1 | 2.015 | 242.774 | -3 | 1.736 | -1 | 2.2 | -1 | -1 | 1 | 2 | -1 | -1 | -6 | 20% | |||||
| Korea, South | 1.5 | 3 | 22.947 | 1.072 | -1 | 3.7 | -1 | -1 | 2 | -1 | 0 | -2 | 0% | ||||||||
| Malaysia | 3.25 | 2.2 | 54.486 | 4.508 | 2 | 3.3 | -1 | -1 | -1 | 2 | -1 | -1 | -1 | 0% | |||||||
| Mexico | 7.75 | -1 | 3 | 44.334 | -1.21 | -1 | 3.2 | -2 | -1 | 2 | 0 | 0 | -3 | 10% | |||||||
| Netherlands | 0 | 1 | 1.447 | 74.808 | 8.551 | 2 | 3.9 | 1 | 1 | 0 | 0 | 5 | -15% | ||||||||
| New Zealand | 1.75 | 2.015 | 34.28 | -7.15 | -2 | 4.4 | 1 | 1 | 0 | 0 | 0 | 0% | |||||||||
| Norway | 0.5 | 1 | 2.5 | 34.118 | 8.175 | 2 | 3.7 | 1 | 0 | 0 | 4 | -10% | |||||||||
| Pakistan | 6.5 | -1 | 11.75 | -2 | 72.393 | -0.543 | -1 | 5.9 | -2 | 2 | -1 | -1 | -6 | 20% | |||||||
| Peru | 2.75 | 2 | 14.909 | 1 | -2.822 | -1 | 6.2 | -1 | -2 | 1 | 2 | 0 | -1 | -1 | 0% | ||||||
| Philippines | 3.5 | 3 | 32.145 | 1.21 | 5.5 | -1 | -2 | 2 | -1 | -1 | -3 | 10% | |||||||||
| Poland | 1.5 | 2.5 | 52.071 | -3.562 | -1 | -1 | 6.1 | 2 | 0 | 0 | 0 | 0% | |||||||||
| Portugal | 0 | 1 | 1.533 | 114.246 | -2 | 1.063 | 7.9 | 2 | 0 | 0 | 1 | -5% | |||||||||
| Qatar | 5 | 5 | -1 | 26.246 | 6.194 | 2 | 0.1 | 1 | 2 | 0 | 0 | 4 | -10% | ||||||||
| Russia | 7.25 | -1 | 6 | -1 | 13.07 | 1 | 0.095 | -1 | 4.7 | -1 | -3 | -1 | 2 | -2 | -1 | -8 | 30% | ||||
| Singapore | 1.34 | 2.344 | 92.499 | -1 | 14.436 | 2 | 2 | -1 | 1 | 2 | -1 | -1 | 1 | -5% | |||||||
| South Africa | 6.5 | -1 | 5 | 44.772 | -5.969 | -2 | 26.7 | -3 | -1 | -1 | 2 | 0 | 0 | -6 | 20% | ||||||
| Spain | 0 | 1 | 1.525 | 110.617 | -2 | 3.594 | 1 | 16.7 | -3 | 2 | -1 | -1 | -3 | 10% | |||||||
| Sweden | -0.5 | -1 | 2 | 23.932 | 7.829 | 2 | 6.5 | 1 | 0 | 0 | 2 | -5% | |||||||||
| Switzerland | -0.75 | -1 | 1 | 44.593 | 11.559 | 2 | 2.4 | 2 | 0 | 0 | 3 | -10% | |||||||||
| Taiwan | 1.38 | 2 | 33.177 | 8.69 | 2 | 3.68 | 2 | -1 | 0 | 3 | -10% | ||||||||||
| Thailand | 1.5 | 1.935 | 52.334 | -0.067 | -1 | -1 | 1 | -2 | 2 | -1 | -1 | -4 | 10% | ||||||||
| Turkey | 17.75 | -2 | 5 | 33.371 | -8.443 | -2 | 9.6 | -1 | -1 | -1 | 2 | -1 | -1 | -7 | 30% | ||||||
| United Arab Emirates | 2.25 | 2 | 17.937 | 1 | 7.298 | 2 | 1.72 | 2 | 0 | 0 | 5 | -15% | |||||||||
| United Kingdom | 0.5 | 1 | 2 | 98.216 | -1 | -2.568 | -1 | 4.2 | 1 | -1 | -1 | -2 | 0% | ||||||||
| United States | 2 | 2.272 | 106.73 | -2 | -3.503 | -1 | 4 | -1 | -2 | 2 | 0 | -1 | -5 | 20% | |||||||
| Vietnam | 6.25 | -1 | 6.5 | -1 | 45.919 | -1.349 | -1 | 2.01 | -2 | 2 | -1 | 0 | -4 | 10% |
| Country | Price/ Book Value | 4% Model Market Indicator | Index YTD % Jul 16 2018 |
|---|---|---|---|
| Greece | 0.59 | Bullish | -6.99% |
| Russia | 0.88 | Bearish | 6.30% |
| Korea, South | 1.09 | Bearish | -12.14% |
| Turkey | 1.13 | Bullish | -24.58% |
| Italy | 1.17 | Bearish | -1.10% |
| Singapore | 1.28 | Bearish | -6.62% |
| Austria | 1.3 | Bearish | -7.91% |
| Hong Kong SAR | 1.31 | Bearish | -3.28% |
| Poland | 1.31 | Bullish | -17.64% |
| Spain | 1.31 | Bearish | -3.67% |
| Pakistan | 1.35 | Bearish | -17.75% |
| United Arab Emirates | 1.35 | Bearish | -5.23% |
| Japan | 1.36 | Bearish | -3.43% |
| Colombia | 1.48 | Bearish | 5.45% |
| Czech Republic | 1.52 | Bullish | 4.54% |
| Hungary | 1.54 | Bearish | -11.75% |
| France | 1.64 | Bearish | 2.67% |
| Brazil | 1.7 | Bullish | -9.18% |
| Germany | 1.7 | Bearish | -4.80% |
| Qatar | 1.72 | Bullish | 7.07% |
| Israel | 1.73 | Bullish | 6.43% |
| Malaysia | 1.73 | Bearish | -1.80% |
| United Kingdom | 1.76 | Bearish | -1.49% |
| Taiwan | 1.79 | Bearish | -0.76% |
| Ireland | 1.82 | Bearish | 0.25% |
| China | 1.87 | Bearish | -2.52% |
| Canada | 1.88 | Bearish | -4.38% |
| Chile | 1.88 | Bearish | -9.96% |
| Norway | 1.93 | Bullish | -0.35% |
| Portugal | 1.98 | Bullish | 6.73% |
| Thailand | 1.99 | Bearish | -5.91% |
| Belgium | 2.02 | Bearish | -2.83% |
| Australia | 2.04 | Bearish | 0.04% |
| Sweden | 2.08 | Bearish | -9.07% |
| Philippines | 2.1 | Bearish | -19.84% |
| Netherlands | 2.19 | Bearish | 4.00% |
| Finland | 2.32 | Bullish | 10.16% |
| Argentina | 2.34 | Bullish | -42.77% |
| Mexico | 2.42 | Bullish | 2.57% |
| South Africa | 2.43 | Bearish | -15.81% |
| Switzerland | 2.43 | Bearish | -5.09% |
| Indonesia | 2.53 | Bullish | -17.17% |
| Peru | 2.62 | Bullish | 4.39% |
| India | 3.19 | Bearish | -5.94% |
| New Zealand | 3.19 | Bullish | 3.46% |
| United States | 3.29 | Bearish | 4.56% |
| Egypt | 3.65 | Bearish | -3.34% |
| Denmark | 3.7 | Bullish | -3.80% |
| Vietnam | 5.01 | Bullish | -7.19% |
| Country | PE/Total Return | 4% Model Market Indicator | Index YTD % Jul 16 2018 |
|---|---|---|---|
| Turkey | 0.749 | Bullish | -24.58% |
| Russia | 0.837 | Bearish | 6.30% |
| United Arab Emirates | 1.063 | Bearish | -5.23% |
| Qatar | 1.152 | Bullish | 7.07% |
| Pakistan | 1.214 | Bearish | -17.75% |
| Egypt | 1.280 | Bearish | -3.34% |
| China | 1.422 | Bearish | -2.52% |
| Czech Republic | 1.438 | Bullish | 4.54% |
| Korea, South | 1.523 | Bearish | -12.14% |
| Taiwan | 1.600 | Bearish | -0.76% |
| Hong Kong SAR | 1.680 | Bearish | -3.28% |
| Indonesia | 1.709 | Bullish | -17.17% |
| Singapore | 1.778 | Bearish | -6.62% |
| Thailand | 1.895 | Bearish | -5.91% |
| Malaysia | 1.906 | Bearish | -1.80% |
| Poland | 2.044 | Bullish | -17.64% |
| Australia | 2.070 | Bearish | 0.04% |
| Peru | 2.084 | Bullish | 4.39% |
| Brazil | 2.140 | Bullish | -9.18% |
| Colombia | 2.258 | Bearish | 5.45% |
| Austria | 2.293 | Bearish | -7.91% |
| Israel | 2.420 | Bullish | 6.43% |
| Spain | 2.449 | Bearish | -3.67% |
| Philippines | 2.536 | Bearish | -19.84% |
| Chile | 2.549 | Bearish | -9.96% |
| Hungary | 2.630 | Bearish | -11.75% |
| United Kingdom | 2.632 | Bearish | -1.49% |
| Sweden | 2.674 | Bearish | -9.07% |
| Italy | 2.693 | Bearish | -1.10% |
| Argentina | 2.714 | Bullish | -42.77% |
| India | 2.746 | Bearish | -5.94% |
| Norway | 2.845 | Bullish | -0.35% |
| France | 3.155 | Bearish | 2.67% |
| Portugal | 3.258 | Bullish | 6.73% |
| Canada | 3.445 | Bearish | -4.38% |
| South Africa | 3.475 | Bearish | -15.81% |
| Germany | 3.691 | Bearish | -4.80% |
| Belgium | 3.738 | Bearish | -2.83% |
| Mexico | 3.806 | Bullish | 2.57% |
| Ireland | 3.809 | Bearish | 0.25% |
| Netherlands | 3.827 | Bearish | 4.00% |
| Vietnam | 3.913 | Bullish | -7.19% |
| Switzerland | 4.233 | Bearish | -5.09% |
| Finland | 4.243 | Bullish | 10.16% |
| Japan | 4.281 | Bearish | -3.43% |
| United States | 4.653 | Bearish | 4.56% |
| Denmark | 4.955 | Bullish | -3.80% |
| Greece | 5.383 | Bullish | -6.99% |
| New Zealand | 7.149 | Bullish | 3.46% |
| Country | PE/Total Return 2018 | Country Risk Modifier | Modifier Amount | Adjusted PE/Total Return for Country Risk Factors | 4% Model Market Indicator | Date 4% Trend Started | Index YTD % Jul 16 2018 |
|---|---|---|---|---|---|---|---|
| United Arab Emirates | 1.063 | -15.00% | -0.16 | 0.904 | Bearish | Jun 17, 2018 | -5.23% |
| Turkey | 0.749 | 30.00% | 0.22 | 0.974 | Bullish | Jul 15, 2018 | -24.58% |
| Qatar | 1.152 | -10.00% | -0.12 | 1.037 | Bullish | Mar 11, 2018 | 7.07% |
| Russia | 0.837 | 30.00% | 0.25 | 1.089 | Bearish | Jul 15, 2018 | 6.30% |
| Czech Republic | 1.438 | 0.00% | 0.00 | 1.438 | Bullish | Oct 02, 2016 | 4.54% |
| Taiwan | 1.600 | -10.00% | -0.16 | 1.440 | Bearish | Feb 05, 2018 | -0.76% |
| Pakistan | 1.214 | 20.00% | 0.24 | 1.457 | Bearish | May 13, 2018 | -17.75% |
| Hong Kong SAR | 1.680 | -10.00% | -0.17 | 1.512 | Bearish | Feb 05, 2018 | -3.28% |
| Korea, South | 1.523 | 0.00% | 0.00 | 1.523 | Bearish | Mar 18, 2018 | -12.14% |
| China | 1.422 | 10.00% | 0.14 | 1.564 | Bearish | Feb 05, 2018 | -2.52% |
| Egypt | 1.280 | 30.00% | 0.38 | 1.664 | Bearish | May 06, 2018 | -3.34% |
| Singapore | 1.778 | -5.00% | -0.09 | 1.689 | Bearish | Feb 05, 2018 | -6.62% |
| Malaysia | 1.906 | 0.00% | 0.00 | 1.906 | Bearish | Feb 05, 2018 | -1.80% |
| Poland | 2.044 | 0.00% | 0.00 | 2.044 | Bullish | Jun 03, 2018 | -17.64% |
| Indonesia | 1.709 | 20.00% | 0.34 | 2.051 | Bullish | Jul 08, 2018 | -17.17% |
| Australia | 2.070 | 0.00% | 0.00 | 2.070 | Bearish | Feb 05, 2018 | 0.04% |
| Peru | 2.084 | 0.00% | 0.00 | 2.084 | Bullish | Feb 11, 2018 | 4.39% |
| Thailand | 1.895 | 10.00% | 0.19 | 2.084 | Bearish | Jun 24, 2018 | -5.91% |
| Austria | 2.293 | -5.00% | -0.11 | 2.178 | Bearish | Feb 05, 2018 | -7.91% |
| Israel | 2.420 | -5.00% | -0.12 | 2.299 | Bullish | Apr 08, 2018 | 6.43% |
| Sweden | 2.674 | -5.00% | -0.13 | 2.540 | Bearish | Jun 17, 2018 | -9.07% |
| Chile | 2.549 | 0.00% | 0.00 | 2.549 | Bearish | Feb 25, 2018 | -9.96% |
| Norway | 2.845 | -10.00% | -0.28 | 2.560 | Bullish | Jun 26, 2016 | -0.35% |
| Hungary | 2.630 | 0.00% | 0.00 | 2.630 | Bearish | Nov 26, 2017 | -11.75% |
| United Kingdom | 2.632 | 0.00% | 0.00 | 2.632 | Bearish | Feb 05, 2018 | -1.49% |
| Spain | 2.449 | 10.00% | 0.24 | 2.694 | Bearish | Feb 05, 2018 | -3.67% |
| Colombia | 2.258 | 20.00% | 0.45 | 2.709 | Bearish | May 13, 2018 | 5.45% |
| Philippines | 2.536 | 10.00% | 0.25 | 2.790 | Bearish | Mar 18, 2018 | -19.84% |
| Italy | 2.693 | 10.00% | 0.27 | 2.962 | Bearish | Feb 05, 2018 | -1.10% |
| Brazil | 2.140 | 40.00% | 0.86 | 2.996 | Bullish | Jul 08, 2018 | -9.18% |
| Portugal | 3.258 | -5.00% | -0.16 | 3.095 | Bullish | May 13, 2018 | 6.73% |
| France | 3.155 | 0.00% | 0.00 | 3.155 | Bearish | Feb 05, 2018 | 2.67% |
| Netherlands | 3.827 | -15.00% | -0.57 | 3.253 | Bearish | Feb 05, 2018 | 4.00% |
| Canada | 3.445 | 0.00% | 0.00 | 3.445 | Bearish | Jan 28, 2018 | -4.38% |
| Germany | 3.691 | -5.00% | -0.18 | 3.506 | Bearish | Jan 28, 2018 | -4.80% |
| India | 2.746 | 30.00% | 0.82 | 3.570 | Bearish | Jan 28, 2018 | -5.94% |
| Belgium | 3.738 | 0.00% | 0.00 | 3.738 | Bearish | Feb 05, 2018 | -2.83% |
| Argentina | 2.714 | 40.00% | 1.09 | 3.800 | Bullish | Jul 02, 2018 | -42.77% |
| Ireland | 3.809 | 0.00% | 0.00 | 3.809 | Bearish | Feb 05, 2018 | 0.25% |
| Switzerland | 4.233 | -10.00% | -0.42 | 3.810 | Bearish | Feb 05, 2018 | -5.09% |
| South Africa | 3.475 | 20.00% | 0.70 | 4.170 | Bearish | May 13, 2018 | -15.81% |
| Mexico | 3.806 | 10.00% | 0.38 | 4.187 | Bullish | Jun 24, 2018 | 2.57% |
| Finland | 4.243 | 0.00% | 0.00 | 4.243 | Bullish | Feb 11, 2018 | 10.16% |
| Vietnam | 3.913 | 10.00% | 0.39 | 4.305 | Bullish | Jul 15, 2018 | -7.19% |
| Denmark | 4.955 | -5.00% | -0.25 | 4.707 | Bullish | Feb 11, 2018 | -3.80% |
| Japan | 4.281 | 20.00% | 0.86 | 5.137 | Bearish | Feb 05, 2018 | -3.43% |
| United States | 4.653 | 20.00% | 0.93 | 5.584 | Bearish | Mar 18, 2018 | 4.56% |
| Greece | 5.383 | 20.00% | 1.08 | 6.460 | Bullish | May 27, 2018 | -6.99% |
| New Zealand | 7.149 | 0.00% | 0.00 | 7.149 | Bullish | Jun 03, 2018 | 3.46% |
Review of Free Stock Screeners Part 1