Global Market Data: 2013 to 2023
(This
is for information purposes only. This should not be construed as a
recommendation or investment advice even though the author is a CFA Charterholder. Please consult your financial
adviser before taking any investment decision. Safe to assume the author has a vested
interest in stocks / investments discussed if any.)
(Images, with past calendar-year data from 2012 to 2023 are included at the end of the blog)
Global market data pertaining to stocks, bonds,
commodities and currencies are presented here. The data points are yearly changes and compounded returns from 2013
to 2023, indicating how the values have moved over the years. This is an update of an earlier blog published on 16Jan2023.
(write-up continues below)
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Related blogs:
Global Market Data 2012 to 2022 (11-year data)
Global Market Data 31Dec2023
Global Market Data 30Sep2023
Global Market Data 31Mar2023
Global Market Data 31Dec2022
Global Market Data 30Sep2022
Global Market Data 30Jun2022
Global Market Data 31Mar2022
Global Market Data 31Dec2021
Global Market Data 30Sep2021
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This is just raw data. You can draw your insights from the data.
Table 1: Yearly Changes from 2013 to 2023:
(please click on the image to view better) >
The stock market data presented in the table are price returns (not including dividends) and they are in local currency terms. For example, Sensex returns are price returns (not including dividends) shown in local currency (Indian rupee) terms.
You can find out how the assets classes and currencies have moved over the years. The above table reveals the cyclical nature of the returns in global financial markets.
As revealed in table 1, equity investors have been enjoying a decade of good returns; with the US, European and some emerging market stocks doing well overall. Only the Chinese and Hong Kong stock markets, of the major economies, have been very disappointing for investors.
Of course, equities did not perform well during the calendar years of 2015, 2018 and 2022. Despite the setbacks in those years, equities have done relatively well overall in the past decade.
The performance of gold in US dollar terms has been patchy in the past decade -- though it had a few good years.
You can observe from the data how currencies, commodities and bond yields have moved over the past decade.
Table 2: Compounded Annual Returns:
One
year of large fall will wipe out four to five years of spectacular
returns -- this has happened often in the past with extremely smart
investors and it's going to happen in future also.
The table 2 reveals compounded annual growth rate (CAGR) returns for 3-year, 5-year, 7-year and 10-year as at the end of 31Dec2023 >
You can also compare the CAGR returns in table 2 with yearly returns presented in table 1 above.
For
example, Bitcoin generated a 3-year CAGR of just 13.4 percent even though it had generated spectacular returns of 154 and 62 percent respectively in 2023 and 2021. The reason for the poor return is it had lost almost two-thirds of its value in calendar year 2022.
However, its 5-year CAGR is an amazing 62 percent, because it has four years of spectacular returns in the past five years. The crypto currency's volatility is too high for many investors / speculators to stomach.
Nikkei 225, the Japanese equity benchmark index, has delivered a 5-year CAGR of 10.8 percent as at the end of 31Dec2023. Two or three years ago, nobody would have predicted Japanese stocks would provide such decent returns.
To get a better sense of this: consider the 5-year CAGR of just 2.8 percent for the Nikkei at the end of 31Dec2022.
The US dollar has appreciated, versus the Indian rupee, by at a yearly compounded average rate of 3 percent in the past decade ending 31Dec2023.
As mentioned previously, market players need to ask questions about the constant chatter in the electronic and print media about the movement of asset class returns.
We should not be over-interpreting the data and spoil our medium and long term outlook for the asset class returns. If we react to every move or news item, we tend to lose our focus and may earn only sub-optimal returns on our investments.
We should not be over-interpreting the data and spoil our medium and long term outlook for the asset class returns. If we react to every move or news item, we tend to lose our focus and may earn only sub-optimal returns on our investments.
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P.S.: 30Jan2024
Past data: Calendar-year wise data from 2012 to 2023 are included from earlier blog dated 01Jan2022:
Calendar-year wise returns >
Calendar year 2015
Calendar year 2014
Calendar year 2013
Calendar year 2012
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Disclosure: I've vested interested in Indian stocks and other investments. It's safe to assume I've interest in the financial instruments / products discussed, if any.
Disclaimer: The analysis and opinion provided here are only for information purposes and should not be construed as investment advice. Investors should consult their own financial advisers before making any investments. The author is a CFA Charterholder with a vested interest in financial markets.
CFA Charter credentials - CFA Member Profile
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He blogs at:
https://ramakrishnavadlamudi.blogspot.com/
X (Twitter) @vrk100
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