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RE: Investment recommendation with the help of the Austrian School of Economics | Anlageempfehlung mit der Hilfe der österreichischen Schule der Nationalökonomie
Interessant! Aus den gezeigten Tabellen gehen leider die aktuellen Werte der relevanten Parameter nicht hervor. Wie ist denn die aktuelle Lage?
Hi freiheit50,
die Gold to DowJones ratio kannst ja selber schnell ausrechnen indem du den Indexwert des Dowjones in dem Fall gerade 26719 mit dem Goldpreis 1403 Dollar teilst also ist die Ratio gerade bei 19,04 und der Equity Q Wert kannst du anhand dieser Formel berechnen. Zur herleitung hab ich den englischen Wikipediaartikel verlinkt : https://en.wikipedia.org/wiki/Tobin%27s_q
Tobin's q
Tobin's q (also known as q ratio and Kaldor's v) is the ratio between a physical asset's market value and its replacement value. It was first introduced by Nicholas Kaldor in 1966 in his article "Marginal Productivity and the Macro-Economic Theories of Distribution: Comment on Samuelson and Modigliani". It was popularised a decade later, however, by James Tobin, who describes its two quantities (1977):
One, the numerator, is the market valuation: the going price in the market for exchanging existing assets. The other, the denominator, is the replacement or reproduction cost: the price in the market for newly produced commodities.