I was thinking about my last post on large caps, broken out by quintiles. It was market-cap weighted since I summed all the companies together and I was wondering whether some of the largest ones like Apple etc were dominating the numbers. To look at it another way, I tried doing it with each company equally weighted and got similar results shown below for those interested... I did this by assuming the same amount invested into each company.
The results are not very different - the largest cap companies continue to be cheapest and have the best margins and ROE. The Market Cap column in this table represents the sum of $100 million invested in each of the 100 companies.
The results are not very different - the largest cap companies continue to be cheapest and have the best margins and ROE. The Market Cap column in this table represents the sum of $100 million invested in each of the 100 companies.
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