Below we highlight the distance below the 52-week highs of 22 major equity market indices. As shown, China is trading the furthest below its 52-week high at -46.2%. China is followed by Japan (-29.4%), Sweden (-28.4%), Hong Kong, India and Switzerland. The US actually ranks in the better half of the group at 15.4% below its 52-week high.

Canada, Brazil, Mexico and Canada are trading the closest to their 52-week highs. (We also provide a table of the indices we used for the countries, along with their year to date changes and trailing 12-month P/E ratios.)

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This article has 3 comments:

  •  
    Apr 14 06:19 PM
    so how do we decide which of these goes up the most or down the least?
  •  
    Apr 14 08:00 PM
    And current P/E's may not accurately reflect country P/E's six months or a year from now. At best, reasonable people might conclude that Shanghai and the U.S. look expensive at the moment, despite differences on the other measures.
  •  
    May 22 01:23 PM
    Singapore. Great place with great future. Extraordinarily diverse. Very high tech, including bio. A Western-friendly center of Asian business. Inflation is 1%. The current no-brainer in foreign markets. See EWS

    Malaysia. High Tech. Labor going to be less than China. Politically and socially very secure for foreign investment. Oil and food independent. 3% inflation. Similar future to Brazil, but better value right now. See EWM

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