Readers interested in equity and bond "Delta Factor" projections will find the following international "Delta Factor" data table of interest. For this set of ETFs, the reference or standard upon which the results are tested is the international iShares, EFA.
I used three years of data to reduce the number of "short records." Only the two Indonesia ETFs (EIDO & IDX) have fewer than three years of data. By the way, I hold shares in both EIDO and IDX.
Based on three years of data, the following QPP analysis is not all that hot on the international market going forward. For those readers who have the QPP software available, try a four-year analysis and the results don't look so grim. The reason is the major bear market of 2008. In 2012 and 2013, we will begin to work out of the price trough created during 2008 and early 2009.
Click on table to enlarge. Post your questions in the Comments box.
Always keep in mind that these "Delta Factor" data tables are projections and at best are only probability arguments. They are to help us tilt the portfolio in the right direction. Any time one sees numbers, the mind is conditioned to latch on to them and pay far more importance than they merit. I too need this reminder.