Search Results for: ratio

Bull Market – U.S. Stocks-to-Bonds Ratio Chart showing the bull market in the U.S. stocks-to-bonds ratio. So far, the long-term support has held well. Image: BCA Research

Local Currency Returns and Return to Vol Ratios in YTD 2019 Chart showing what investors should have bought this year. Image: Goldman Sachs Global Investment Research

Equity Market Concentration – Market Capitalization of 10 Largest Companies as Share of S&P 500 Total The market capitalization of the 10 largest companies as share of S&P 500 total is significantly above average. Image: Goldman Sachs Global Investment Research

U.S. Stock-to-Bond Ratio Leads U.S. Real GDP Chart suggesting that the U.S. stock-to-bond ratio leads U.S. real GDP by 6 months, which could indicate higher GDP growth. Image: Alpine Macro

Asset Class and Sharpe Ratio Since 1990 The sharpe ratio is a measure of risk-adjusted return. YTD, major asset classes have a positive and high sharpe ratio. Image: Arbor Research & Trading LLC

Valuation – Forward P/E Ratio From the valuation peak of January 2018, most P/E ratios have seen drawdowns of 20%-30%, making this feel like a bear market. Image: Fidelity Investments

U.S. Total Debt to GDP Ratio and Economic Growth by Cycle This nice chart clearly shows that U.S. GDP is weaker today than in the past, despite higher debt levels. Image: Real Investment Advice

Copper to Gold Ratio The copper to gold ratio provides useful information on the evolution of the U.S. 10-year Treasury, the ISM Non-Manufacturing Index and the average weekly hours worked. Image: Paolo Cardena

China – Required Reserve Ratio vs. M1 Money Supply Growth The People’s Bank of China slashed the reserve requirement ratio for most financial institutions, but M1 money supply growth is currently near the lowest. This is not good news for GDP growth. Image: Jeroen Blokland

S&P 500 Trailing Price-to-Earnings Ratio vs. Real Fed Funds Rate Great chart showing the S&P 500 12-month trailing P/E ratio vs. the real Fed funds rate (R² = 0.79). Image: Stifel