Start of month | S&P 500 | T.Bond Rate | Smoothed Cash Flow: Ten year average yield | Cash Flow (Trailing 12 month) | Cash Flow (Normalized) | Expected growth rate | ERP (T12 m with sustainable payout) | ERP (T12m) | ERP (Smoothed) | ERP (Normalized) | ERP (Net Cash Yield) |
---|---|---|---|---|---|---|---|---|---|---|---|
01-Sep-08 | 1252 | 3.72% | 4.22% | ||||||||
01-Oct-08 | 1166 | 3.83% | 4.51% | ||||||||
01-Nov-08 | 969 | 3.95% | 5.90% | ||||||||
01-Dec-08 | 896 | 2.92% | 6.60% | ||||||||
01-Jan-09 | 903 | 2.21% | 52.58 | 4.00% | 6.43% | ||||||
01-Feb-09 | 826 | 2.87% | 52.58 | 4.00% | 6.87% | ||||||
01-Mar-09 | 735 | 3.02% | 52.58 | 4.00% | 7.68% | ||||||
01-Apr-09 | 798 | 2.71% | 51.55 | 4.00% | 7.01% | ||||||
01-May-09 | 873 | 3.16% | 51.55 | 4.00% | 6.32% | ||||||
01-Jun-09 | 919 | 3.47% | 51.55 | 4.00% | 5.94% | ||||||
01-Jul-09 | 919 | 3.53% | 50.95 | 4.00% | 5.86% | ||||||
01-Aug-09 | 987 | 3.52% | 50.95 | 4.00% | 5.46% | ||||||
01-Sep-09 | 1021 | 3.40% | 50.95 | 4.00% | 5.30% | ||||||
01-Oct-09 | 1057 | 3.30% | 48.52 | 4.00% | 4.86% | ||||||
01-Nov-09 | 1036 | 3.39% | 48.52 | 4.00% | 4.97% | ||||||
01-Dec-09 | 1096 | 3.24% | 48.52 | 4.00% | 4.73% | ||||||
01-Jan-10 | 1115 | 3.84% | 40.38 | 7.21% | 4.36% | ||||||
01-Feb-10 | 1074 | 3.58% | 40.38 | 7.21% | 4.56% | ||||||
01-Mar-10 | 1104 | 3.61% | 40.38 | 7.21% | 4.44% | ||||||
01-Apr-10 | 1169 | 3.83% | 40.34 | 7.21% | 4.16% | ||||||
01-May-10 | 1187 | 3.65% | 40.34 | 7.21% | 4.54% | ||||||
01-Jun-10 | 1089 | 3.30% | 40.34 | 7.21% | 4.79% | ||||||
01-Jul-10 | 1031 | 2.96% | 42.44 | 7.21% | 5.10% | ||||||
01-Aug-10 | 1106 | 2.91% | 42.44 | 7.21% | 4.78% | ||||||
01-Sep-10 | 1049 | 2.47% | 42.44 | 7.21% | 5.10% | ||||||
01-Oct-10 | 1141 | 2.51% | 48.20 | 7.21% | 5.31% | ||||||
01-Nov-10 | 1183 | 2.60% | 48.20 | 7.21% | 5.11% | ||||||
01-Dec-10 | 1181 | 2.80% | 48.20 | 7.21% | 5.08% | ||||||
01-Jan-11 | 1258 | 3.29% | 53.96 | 6.95% | 5.20% | ||||||
01-Feb-11 | 1286 | 3.38% | 53.96 | 6.95% | 5.07% | ||||||
01-Mar-11 | 1327 | 3.42% | 53.96 | 6.95% | 4.90% | ||||||
01-Apr-11 | 1326 | 3.47% | 58.54 | 6.95% | 5.31% | ||||||
01-May-11 | 1364 | 3.29% | 58.15 | 6.95% | 5.16% | ||||||
01-Jun-11 | 1345 | 3.06% | 58.15 | 6.95% | 5.27% | ||||||
01-Jul-11 | 1321 | 3.17% | 62.24 | 6.95% | 5.72% | ||||||
01-Aug-11 | 1292 | 2.80% | 62.24 | 6.95% | 5.92% | ||||||
01-Sep-11 | 1219 | 2.23% | 62.24 | 6.95% | 6.39% | ||||||
01-Oct-11 | 1131 | 1.92% | 68.65 | 6.95% | 7.64% | ||||||
01-Nov-11 | 1253 | 2.05% | 68.65 | 5.50% | 6.49% | ||||||
01-Dec-11 | 1247 | 2.07% | 68.65 | 5.50% | 6.51% | ||||||
01-Jan-12 | 1258 | 1.87% | 59.01 | 72.23 | 7.18% | 7.32% | 6.01% | ||||
01-Feb-12 | 1312 | 1.81% | 59.01 | 72.23 | 7.18% | 7.04% | 5.78% | ||||
01-Mar-12 | 1366 | 1.98% | 59.01 | 72.23 | 7.18% | 6.73% | 5.52% | ||||
01-Apr-12 | 1408 | 2.21% | 66.29 | 74.07 | 7.18% | 6.64% | 5.96% | ||||
01-May-12 | 1398 | 1.92% | 66.29 | 74.07 | 7.18% | 6.76% | 6.06% | ||||
01-Jun-12 | 1310 | 1.55% | 66.29 | 74.07 | 7.18% | 7.28% | 6.54% | ||||
01-Jul-12 | 1362 | 1.65% | 64.06 | 71.55 | 6.56% | 6.59% | 5.91% | ||||
01-Aug-12 | 1379 | 1.47% | 64.06 | 71.55 | 6.56% | 6.55% | 5.88% | ||||
01-Sep-12 | 1407 | 1.55% | 64.06 | 71.55 | 6.56% | 6.41% | 5.75% | ||||
01-Oct-12 | 1441 | 1.62% | 67.74 | 72.74 | 6.56% | 6.35% | 5.92% | ||||
01-Nov-12 | 1412 | 1.75% | 67.74 | 72.74 | 6.56% | 6.44% | 6.01% | ||||
01-Dec-12 | 1416 | 1.62% | 67.74 | 72.74 | 6.56% | 6.45% | 6.02% | ||||
01-Jan-13 | 1426 | 1.76% | 69.46 | 72.25 | 5.27% | 6.00% | 5.78% | ||||
01-Feb-13 | 1498 | 2.00% | 69.46 | 72.25 | 5.27% | 5.67% | 5.46% | ||||
01-Mar-13 | 1515 | 1.88% | 69.46 | 72.25 | 5.32% | 5.65% | 5.43% | ||||
01-Apr-13 | 1569 | 1.85% | 76.76 | 75.31 | 5.31% | 5.68% | 5.79% | ||||
01-May-13 | 1598 | 1.65% | 76.76 | 75.31 | 5.23% | 5.60% | 5.71% | ||||
01-Jun-13 | 1631 | 2.14% | 76.76 | 75.31 | 5.43% | 5.45% | 5.55% | ||||
01-Jul-13 | 1606 | 2.49% | 78.66 | 78.58 | 5.57% | 5.73% | 5.74% | ||||
01-Aug-13 | 1686 | 2.57% | 78.66 | 78.58 | 5.60% | 5.46% | 5.46% | ||||
01-Sep-13 | 1633 | 2.79% | 78.66 | 78.58 | 5.69% | 5.62% | 5.61% | ||||
01-Oct-13 | 1682 | 2.61% | 82.35 | 80.33 | 5.62% | 5.59% | 5.73% | ||||
01-Nov-13 | 1757 | 2.55% | 82.35 | 80.33 | 5.59% | 5.36% | 5.49% | ||||
01-Dec-13 | 1806 | 2.75% | 82.35 | 80.33 | 5.67% | 5.19% | 5.32% | ||||
01-Jan-14 | 1848 | 3.04% | 90.52 | 84.16 | 4.28% | 4.96% | 5.33% | ||||
01-Feb-14 | 1783 | 2.65% | 90.52 | 84.16 | 4.13% | 5.17% | 5.56% | ||||
01-Mar-14 | 1859 | 2.66% | 90.52 | 84.16 | 4.13% | 4.96% | 5.33% | ||||
01-Apr-14 | 1874 | 2.72% | 95.39 | 88.13 | 4.15% | 5.15% | 5.57% | ||||
01-May-14 | 1884 | 2.65% | 95.39 | 88.13 | 4.13% | 5.12% | 5.54% | ||||
01-Jun-14 | 1924 | 2.48% | 95.39 | 88.13 | 4.06% | 5.03% | 5.45% | ||||
01-Jul-14 | 1960 | 2.52% | 99.78 | 96.01 | 4.07% | 5.38% | 5.59% | ||||
01-Aug-14 | 1931 | 2.56% | 99.78 | 96.01 | 4.09% | 5.45% | 5.67% | ||||
01-Sep-14 | 2003 | 2.35% | 99.78 | 96.01 | 4.00% | 5.28% | 5.48% | ||||
01-Oct-14 | 1973 | 2.49% | 97.52 | 96.92 | 4.04% | 5.43% | 5.59% | 4.87% | |||
01-Nov-14 | 2018 | 2.34% | 100.41 | 97.52 | 4.00% | 5.32% | 5.48% | 4.78% | |||
01-Dec-14 | 2068 | 2.17% | 100.41 | 97.52 | 3.93% | 5.21% | 5.36% | 4.68% | |||
01-Jan-15 | 2059 | 2.17% | 107.97 | 100.50 | 5.58% | 5.78% | 6.21% | 5.21% | |||
01-Feb-15 | 1995 | 1.70% | 107.97 | 100.50 | 5.38% | 6.01% | 6.45% | 5.42% | |||
01-Mar-15 | 2105 | 2.00% | 107.97 | 100.50 | 5.51% | 5.67% | 6.09% | 5.11% | |||
01-Apr-15 | 2068 | 1.93% | 108.59 | 101.98 | 5.48% | 5.86% | 6.24% | 5.32% | |||
01-May-15 | 2086 | 2.05% | 108.59 | 101.98 | 5.53% | 5.80% | 6.17% | 5.27% | |||
01-Jun-15 | 2107 | 2.13% | 108.59 | 101.98 | 5.56% | 5.74% | 6.10% | 5.21% | |||
01-Jul-15 | 2063 | 2.36% | 108.34 | 101.58 | 5.65% | 5.81% | 6.19% | 5.23% | |||
01-Aug-15 | 2104 | 2.18% | 108.34 | 101.58 | 5.58% | 5.90% | 6.27% | 5.14% | |||
01-Sep-15 | 1972 | 2.22% | 108.34 | 101.58 | 6.32% | 6.28% | 6.69% | 5.65% | |||
01-Oct-15 | 1920 | 2.06% | 100.83 | 104.20 | 73.27 | 6.25% | 6.63% | 6.42% | 4.69% | 5.96% | |
01-Nov-15 | 2079 | 2.15% | 100.83 | 104.20 | 74.24 | 6.29% | 6.12% | 5.92% | 4.38% | 5.50% | |
01-Dec-15 | 2080 | 2.21% | 100.83 | 104.20 | 74.24 | 6.32% | 6.11% | 5.92% | 4.38% | 5.43% | |
01-Jan-16 | 2044 | 2.27% | 107.33 | 106.10 | 74.24 | 5.55% | 5.16% | 6.12% | 6.19% | 4.30% | 5.46% |
01-Feb-16 | 1940 | 1.92% | 107.33 | 106.10 | 74.24 | 5.61% | 5.61% | 6.47% | 6.54% | 4.55% | 5.92% |
01-Mar-16 | 1932 | 1.74% | 107.33 | 106.10 | 74.24 | 5.29% | 5.72% | 6.51% | 6.58% | 4.58% | 5.96% |
01-Apr-16 | 2060 | 1.77% | 108.35 | 108.16 | 74.24 | 5.32% | 5.15% | 6.24% | 6.23% | 4.30% | 5.62% |
01-May-16 | 2065 | 1.83% | 108.35 | 108.99 | 82.17 | 5.33% | 5.11% | 6.22% | 6.25% | 4.73% | 5.69% |
01-Jun-16 | 2097 | 1.83% | 108.35 | 108.88 | 82.17 | 5.33% | 5.03% | 6.12% | 6.16% | 4.66% | 5.54% |
01-Jul-16 | 2099 | 1.47% | 111.06 | 110.61 | 82.17 | 5.15% | 5.08% | 6.27% | 6.30% | 4.68% | 5.68% |
01-Aug-16 | 2174 | 1.45% | 111.06 | 110.61 | 82.17 | 5.14% | 4.92% | 6.06% | 6.08% | 4.52% | 5.49% |
01-Sep-16 | 2171 | 1.59% | 111.06 | 110.61 | 82.17 | 5.21% | 4.86% | 6.06% | 6.08% | 4.52% | 5.56% |
01-Oct-16 | 2168 | 1.60% | 112.42 | 114.73 | 82.17 | 5.21% | 4.91% | 6.16% | 6.29% | 4.52% | 5.64% |
01-Nov-16 | 2126 | 1.84% | 112.42 | 114.73 | 82.17 | 5.32% | 4.89% | 6.26% | 6.39% | 4.60% | 5.79% |
01-Dec-16 | 2199 | 2.39% | 112.42 | 114.73 | 82.17 | 5.62% | 4.50% | 6.02% | 6.14% | 4.42% | 5.52% |
01-Jan-17 | 2239 | 2.45% | 117.78 | 108.67 | 85.67 | 5.54% | 4.50% | 5.69% | 6.16% | 4.50% | 5.10% |
01-Feb-17 | 2279 | 2.47% | 117.78 | 108.67 | 85.67 | 5.55% | 4.41% | 5.59% | 6.05% | 4.42% | 5.10% |
01-Mar-17 | 2364 | 2.40% | 117.78 | 108.67 | 85.67 | 5.51% | 4.29% | 5.39% | 5.84% | 4.26% | 4.93% |
01-Apr-17 | 2363 | 2.39% | 124.27 | 108.43 | 86.97 | 5.51% | 4.51% | 5.38% | 6.16% | 4.33% | 4.90% |
01-May-17 | 2384 | 2.30% | 124.27 | 108.43 | 86.97 | 5.46% | 4.51% | 5.34% | 6.11% | 4.30% | 4.87% |
01-Jun-17 | 2412 | 2.21% | 124.27 | 108.43 | 86.97 | 5.42% | 4.49% | 5.29% | 6.05% | 4.25% | 4.84% |
01-Jul-17 | 2423 | 2.30% | 127.46 | 105.68 | 86.97 | 5.46% | 4.62% | 5.13% | 6.17% | 4.23% | 4.68% |
01-Aug-17 | 2470 | 2.30% | 127.46 | 105.68 | 86.97 | 5.46% | 4.54% | 5.03% | 6.05% | 4.15% | 4.69% |
01-Sep-17 | 2418 | 2.12% | 127.46 | 105.68 | 86.97 | 5.37% | 4.60% | 5.04% | 6.06% | 4.16% | 4.62% |
01-Oct-17 | 2519 | 2.33% | 132.51 | 105.49 | 86.97 | 5.48% | 4.63% | 4.92% | 6.16% | 4.07% | 4.50% |
01-Nov-17 | 2575 | 2.37% | 132.51 | 105.49 | 86.97 | 5.50% | 4.52% | 4.81% | 6.03% | 3.98% | 4.43% |
01-Dec-17 | 2648 | 2.42% | 132.51 | 105.49 | 86.97 | 5.52% | 4.38% | 4.68% | 5.86% | 3.87% | 4.26% |
01-Jan-18 | 2674 | 2.41% | 134.09 | 108.28 | 84.7 | 7.05% | 4.75% | 5.08% | 6.27% | 3.99% | 4.63% |
01-Feb-18 | 2824 | 2.74% | 134.09 | 108.28 | 84.7 | 7.17% | 4.37% | 4.78% | 5.90% | 3.76% | 4.44% |
01-Mar-18 | 2714 | 2.87% | 134.09 | 108.28 | 84.88 | 7.22% | 4.49% | 4.96% | 6.12% | 3.90% | 4.56% |
01-Apr-18 | 2641 | 2.74% | 132.62 | 110.03 | 88.8 | 7.17% | 4.95% | 5.19% | 6.23% | 4.20% | 4.75% |
01-May-18 | 2648 | 2.95% | 132.62 | 110.03 | 88.8 | 7.24% | 4.85% | 5.16% | 6.19% | 4.17% | 4.78% |