Home Economics The Average DM Stock Is Down -23% Over The Past Year

The Average DM Stock Is Down -23% Over The Past Year [CHARTS]

The average stock in the developed world is off 23% from its 1-year high and is down 8% over the past year. 52% of all developed world stocks are in a bear market over the past 200-days (i.e. down 20% from the 200-day high). During the worst of the 2011 drawdown, 65% of stocks were in a bear market.

Not a single sector has avoided falling into a correction over the past year. The classic defensive sectors have once again performed better on a relative basis. The average consumer staples company is 12% off its 1-year high, the average utility company is 13% off its 1-year high, and the average telcom company is 18% of its 1-year high. Energy stocks continue to be the dog in the market as the average energy company is down an astounding 40% of its 1-year high. Materials (down 28%), financials (down 24%) and tech (down 24%) are following energy lower.

From a regional perspective, the drawdown has been pretty uniform. The average stock in DM Americas is off 24% from its 1-year high, the average stock in DM Asia is off 21% and the average stock in DM Europe is off 23%. However, if one looks at the average performance over the past year, DM Asia is outshining the other region. The average stock in DM Asia is only down 1% while the average stock in DM Europe is down 9% and the average stock is down 14%. The average stock in DM Americas is down over the past year than it has been at any time since September 2009.

Sign up for reports from Gavekal Capital

NO COMMENTS

The Life and Career of Charlie Munger

You can learn from Charlie Munger firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing

Never Miss A Story!

Subscribe to ValueWalk Newsletter. We respect your privacy.

    Subscribe

    We won’t send you spam. Unsubscribe at any time.
    ×
    Exit mobile version