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Outside America, the value of shares relative to housing is generally smaller.
Excluding South Africa, the annual value of traded shares relative to GDP in Africa is below 5% (see chart).
The successes of Indian companies helped, but the main reason was investors' readiness to pay more for their shares relative to their profits.
This is, however, only true when the tests are applied to the pricing of individual shares relative to one another, not the pricing of the stock market in aggregate.
Morgan Stanley overhauled its system for rating stocks in February; under the new system, Ms. Kent now has an equal-weight rating on LVMH shares and an overweight on Gucci shares, meaning that when an investor is selecting luxury-goods stocks, she suggests buying more Gucci shares, relative to the company's size, than LVMH shares.
Proponents of this view point to the spread between the borrowing costs of sovereign governments and firms, as well as the unusual level of earnings yields on shares relative to yields on bonds.I have a different view: the entities capable of issuing safe assets (governments with their own currencies) have been failing to do so in sufficient size to meet investor demand.
Similar(50)
We found that concepts with relatively more distinctive and more highly correlated distinctive relative to shared features facilitated basic-level naming latencies, while concepts with relatively more shared and more highly correlated shared relative to distinctive features speeded domain decisions.
This did not prevent him from losing Hispanic vote share relative to Bush.
The other one, from the Pittsburgh Tribune Review/Susquehanna, showed the race level, but it has a history of overstating Romney's vote share relative to other polls.
But an airport where Southwest has a high market share relative to other discount airlines will, surprisingly, also see an increase in prices.
Fig. 5 Shared relative risk.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com