Stock Market Capitalization to GDP, US
Why Use This Data Source In Your Models?
Stock Market Capitalization to GDP describes the ratio of the value of the US stock market to the value of the total output of goods and services in the US. This is used to determine whether the overall market is undervalued or overvalued.
Stock Market Capitalization to GDP, US
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Automated Data Profiling
Suggested Treatment:
Grain Transformation:
Source:
World Bank
Release:
Global Financial Development
Units:
Percent, Not Seasonally Adjusted
Frequency:
Annual
Available Through:
12/31/2020
Suggested Treatment:
The data shows auto correlation and seasonality. The data should be differenced and seasonally adjusted.
Grain Transformation:
Data is unable to be distributed by time or geography. The roll up method used is Weighted Average.
Auto Correlation Analysis:
Data shows auto correlation indicating a need for differencing
The ACF indicates 1 order differencing is appropriate.
Following first order differencing, no further differencing is required based on the differenced ACF at lag one of -0.04
Trend Analysis:
The Kwiatkowski-Phillips-Schmidt-Shin (KPSS) test, KPSS Trend = 0.15 p-value = 0.04 indicates that the data is not stationary.
Distribution Analysis:
The Shapiro-Wilk test returned W = 0.89 with a p-value =0.23 indicating the data follows a normal distribution.
A skewness score of -1.10 indicates the data are substantially skewed.
Hartigan's dip test score of 0.08 with a p-value of 0.93 inidcates the data is unimodal
Statistics (Pearson P/ df, lower => more normal)
Auto Correlation Function
Auto Correlation Function After Differencing
Partial Auto Correlation Function
Data Notes:
2020 data is not currently available.
Citation:
World Bank, Stock Market Capitalization to GDP for United States [DDDM01USA156NWDB], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DDDM01USA156NWDB, December 15, 2019.
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