Estimating The Downside
Estimating The Downside - April 2014
The S&P 500 gained 0.7% (price only) in March. Based on the 1957-to-date valuation metrics presented below, the S&P 500 has 12% downside to its historical average. The S&P Industrials (which excludes Utilities and Financials) now has 25% downside to reach mean valuation.
Estimating The Downside - February 2014
The S&P 500 lost 3.6% (price only) in January. Based on the valuation metrics presented below, the S&P 500 has 10% downside to its historical average. The S&P Industrials (which excludes Utilities and Financials) now has 23% downside to reach mean valuation.
Estimating The Downside - January 2014
The S&P 500 gained 2.4% (price only) in December. Based on the valuation metrics presented below, the S&P 500 has 15% downside to its historical average. The S&P Industrials (excludes Utilities and Financials) now has 26% downside to reach mean valuation.
Estimating The Downside - December 2013
The S&P 500 gained 2.8% (price only) in November. Based on the valuation metrics presented below, the S&P 500 has 14% downside to its historical average.
Estimating The Downside - November 2013
The S&P 500 gained 4.5% (price only) in October. Based on the valuation metrics presented below, the S&P 500 has 12% downside to reach its historical average.
Estimating Downside - October 2013
The S&P 500 gained 3.0% (price only) in September. Based on the valuation metrics presented in the table below, the S&P 500 has 9% downside to reach its historical average. The S&P Industrials (excludes Utilities and Financials) now has 22% downside to reach mean valuation.
Estimating The Downside - September 2013
The S&P 500 lost 3.1% (price only) in August. Based on the valuation metrics presented in the table below, the S&P 500 is 8% above its historical average. The S&P Industrials (excludes Utilities and Financials) now has 20% downside to reach mean valuation.
Estimating The Downside - August 2013
The S&P 500 gained 4.9% (price only) in July. Based on the valuation metrics presented in the table below, the S&P 500 is 12% above its historical average. S&P Industrials (excludes Utilities and Financials) now have 21% downside to reach mean valuation.
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