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Country Investment Guide

This guide uses the PEGY valuation ratio used by Peter Lynch but applied to a whole Country's market. This is a beta page and explanations of how the tables are formed and how the system works will follow.

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COUNTRy INVESTMENT Guide

Country Value and Growth Factors April 30, 2020


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%



Country Risk Factors - Economic April 2020
  Economic Risk Socio-Economic 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


Country Risk Factors - Sovereign, Political, Conflict and Extraordinary Events  April 2020
  Sovereign Risk Poilitical 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 Valuation by Price to Book Value April 2020
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 Valuation by PEGY April 2020
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 Valuation by PEGY and Altered for Country Risk Factors April 2020
Country PE/Total Return Country Risk Modifier Modifier Amount Adujusted 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 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%

 

Country Risk Factors - Economic January 2020
  Economic Risk Socio-Economic 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


Country Risk Factors - Sovereign, Political, Conflict and Extraordinary Events  January 2020
  Sovereign Risk Poilitical 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 Valuation by Price to Book Value January 2020
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 Valuation by PEGY January 2020
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 Valuation by PEGY and Altered for Country Risk Factors January 2020
Country PE/Total Return Country Risk Modifier Modifier Amount Adujusted 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 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 Risk Factors November 2019
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 Valuation by Price to Book Value November 2019
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 Valuation by PEGY November 2019
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 Valuation by PEGY and Altered for Country Risk Factors November 2019
Country PE/Total Return 2018 Country Risk Modifier Modifier Amount Adujusted 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 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 Risk Factors August 2019
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 Valuation by Price to Book Value August 2019
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 Valuation by PEGY August 2019
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 Valuation by PEGY and Altered for Country Risk Factors August 2019
Country PE/Total Return Country Risk Modifier Modifier Amount Adujusted 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 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 Risk Factors May 2019
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 Valuation by Price to Book Value May 2019
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 Valuation by PEGY May 2019
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 Valuation by PEGY and Altered for Country Risk Factors May 2019
Country PE/Total Return Country Risk Modifier Modifier Amount Adujusted 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 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 Risk Factors Mar 2019
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 Valuation by Price to Book Value Mar 2019
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 Valuation by PEGY Mar 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 Valuation by PEGY and Altered for Country Risk Factors Mar 2019
Country PE/Total Return Country Risk Modifier Modifier Amount Adujusted 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 Value and Growth Factors Nov 4, 2018
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 Risk Factors Nov 2018
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 Valuation by Price to Book Value Nov 2018
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 Valuation by PEGY Nov 2018
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 Valuation by PEGY and Altered for Country Risk Factors Nov 2018
Country PE/Total Return 2018 Country Risk Modifier Modifier Amount Adujusted 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 Value and Growth Factors July 16, 2018
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 Risk Factors July 2018
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 Valuation by Price to Book Value July 2018
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 Valuation by PEGY July 2018
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 Valuation by PEGY and Altered for Country Risk Factors July 2018
Country PE/Total Return 2018 Country Risk Modifier Modifier Amount Adujusted 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

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