Remove 2023 Remove Beta Remove Firm Value
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Data Update 1 for 2025: The Draw (and Danger) of Data

Musings on Markets

Not surprisingly, the company listings are across the world, and I look at the breakdown of companies, by number and market cap, by geography: As you can see, the market cap of US companies at the start of 2025 accounted for roughly 49% of the market cap of global stocks, up from 44% at the start of 2024 and 42% at the start of 2023.

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Data Update 1 for 2023: Setting the table!

Musings on Markets

In January 2023, I ended up with 47,913 publicly traded firms in my sample , with the pie chart below providing a geographic breakdown. Standard deviations in equity and firm value 4. I did my updates in the last week (January 1- January 5, 2023), and used the most updated data that I could find on each company.

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Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

Beta & Risk 1. Standard Deviation in Equity/Firm Value 2. Book Value Multiples 3. Thus, when computing my accounting return on equity in January 2024, I will be dividing the earnings from the four quarters ending in September 2023 (trailing twelve month) by the book value of equity at the end of September 2022.

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