Country Ranking Model - August 2022
Source: MSCI
August Country Rankings
Chile (#1): Chile is ranked first overall in our universe of 33 countries. It also ranks first from a momentum perspective as demonstrated by its 22.40% return YTD, considerably outperforming all of the major equity indexes. Chile also demonstrates attractive value (ranked 3rd). For example, their P/E is at a significant discount relative to its history.
Norway (#2): Norway ranks highly across the board, with 12th ranked fundamentals, 6th ranked momentum, 6nd ranked risk and 9th ranked valuations. As an oil and gas producer, Norway is benefiting from high energy prices. Norway also enjoys very low political risk.
Brazil (#3): On the back of its excellent fundamentals (ranked 1st) and valuations (ranked 2nd), Brazil has moved up 5 spots this month to third place overall. Brazil has the both the highest return on equity and earnings yield in our universe.
Country Performance
Data as of 7.29.2022
Source: MSCI
Country Ranking Model
Disclosures: This information was produced by and the opinions expressed are those of Accuvest as of the date of writing and are subject to change. Any research is based on Accuvest proprietary research and analysis of global markets and investing. The information and/or analysis presented have been compiled or arrived at from sources believed to be reliable, however Accuvest does not make any representation as their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Some internally generated information may be considered theoretical in nature and is subject to inherent limitations associated therein. Any sectors or allocations referenced may or may not be represented in portfolios of clients of Accuvest, and do not represent all of the securities purchased, sold or recommended for client accounts.
The reader should not assume that any investments in sectors and markets identified or described were or will be profitable. Investing entails risks, including possible loss of principal. The use of tools cannot guarantee performance. The charts depicted within this presentation are for illustrative purposes only and are not indicative of future performance. Past performance is no guarantee of future results. Actual results may vary based on an investor’s investment objectives and portfolio holdings. Investors may need to seek guidance from their legal and/or tax advisor before investing. The information provided may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons.