Market Cap/GNP reports the market value of all publicly traded securities as a percentage of the country’s business (GNP). With Quantmod’s FRED connector, we can import the two necessary series and evaluate the past predictive power of this indicator, along with Tobin’s q and Shiller PE.
- Q1 TTM/GNP: 158%
- Average from 1949 Q3 to 2012 Q3: 69%
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require(quantmod) getSymbols('MVEONWMVBSNNCB',src='FRED') getSymbols('GNP',src='FRED') chart_Series(GNP,MVEONWMVBSNNCB)