Performance – Rolling 3-Month Total Return Spread: Zombie Companies – S&P 500
Performance – Rolling 3-Month Total Return Spread: Zombie Companies – S&P 500 Is zombie companies’ outperformance over? Image: Arbor Research & Trading LLC
Performance – Rolling 3-Month Total Return Spread: Zombie Companies – S&P 500 Is zombie companies’ outperformance over? Image: Arbor Research & Trading LLC
U.S. Zombie Companies and U.S. 10-Year Real Yields Chart showing that the percentage of zombie companies continues to rise as U.S. 10-year real yields fall. Image: Arbor Research & Trading LLC
U.S. Zombie Companies and Debt The cost of extended monetary easing: U.S. zombie companies have accumulated $1.4 trillion of debt. Image: Bloomberg
% of Zombie Companies in Russell 3000 Equivalent The number of zombie companies in the United States is growing, due to the government’s response to the coronavirus crisis. Image: Financial Times
Wave of Zombie Companies in Europe Zombie companies in Europe are back on the rise, thanks to an unprecedentedly easy monetary policy. Image: BofA Global Research
Share of U.S. Zombie Companies The cost of extended monetary easing: low interest rates have created zombie firms. Image: Deutsche Bank Global Research
Drawdowns Since 2011: S&P 500 and Zombie Companies Since the March lows, zombie companies have outperformed the S&P 500 by a wide margin in April and May. Image: Arbor Research & Trading LLC
S&P 500 vs. Zombie Companies Zombie companies have outperformed the S&P 500 by a wide margin in April and May. The process of creative destruction is not taking place, thanks to the Fed and the government. Image: Arbor Research & Trading LLC
Drawdowns Since 2011 – S&P 500 vs. Zombie Companies U.S. zombie companies have significantly underperformed the S&P 500 since 2011. Image: Arbor Research & Trading LLC
S&P 500 vs. U.S. Zombie Companies U.S. zombie companies have significantly underperformed the S&P 500. Image: Arbor Research & Trading LLC
U.S. Zombie Companies and Wilshire 5000 Since the Fed ended QE in 2014, U.S. zombie companies have underperformed the stock market. Image: Arbor Research & Trading LLC