World in Review – 2016

 

Total Trades

Total Volume

Entity

Active Entity

Shareholders

Volume/Trade

Trades/Active Entity

Trades/Shareholder

34

500

245

21

139

14.71

1.62

0.24

 

Throughout 2016, there were a total of 34 trades in 21 of the 245 registered entities, showing an 82% decrease in total trades from the previous year (189). This summed to a total volume of 500, which also shows a decrease from 2015 of 91%. The number of traders who participated in the Countries Market stood at 139, an increase of 3 from 2105 (136). The average volume for each trade was 14.71, each entity performing on average 1.62 trades. The market overview provides a general consensus of how active the Countries Market was during 2016.

Activity

Rank

Country

Volume

Price

Change

% Change

Min Trade Price

Max Trade Price

1

Aruba

43

1.65

-0.95

-57.58%

1.65

2.06

2

Jamaica

199

2.91

1.58

54.30%

2.54

2.91

3

France

37

6.95

0

0.00%

6.95

6.95

4

Ireland

30

8.34

-1.53

-18.35%

7.9

8.34

5

United States

12

10.67

0

0.00%

10.67

10.67

6

Chile

8

2.8

-0.1

-3.57%

2.8

2.8

7

Bouvet Island

2

7.04

-3.96

-56.25%

7.04

8.8

8

Madagascar

100

2.56

2.1

82.03%

2.56

2.56

9

Portugal

20

2.81

0.29

10.32%

2.81

2.81

10

Germany

10

4.34

3.89

89.63%

4.34

4.34

 

An entity’s activity is based on the volumes of trade and frequencies of transactions throughout the year. The top 10 entities for 2016 can be seen above, with Aruba proving to be the most active. The total volume of trades is stated, with the closing price per share for the end of 2016. The closing price is compared to that of the previous year (2015), while the minimum and maximum trading prices are stated.

Volatility

Rank

Entity

Interval Standard Deviation

Annualized Standard Deviation

52 Week Low

52 Week High

1

India

2.185

15.758

3.10

7.50

2

China

1.117

8.058

9.16

11.41

3

Bouvet Island

0.821

5.920

7.04

11.00

4

Turkey

0.745

5.372

6.00

7.50

5

Aland Islands

0.730

5.265

5.88

7.35

6

Madagascar

0.671

4.838

0.46

2.56

7

Australia

0.646

4.656

5.20

6.50

8

Ireland

0.579

4.174

8.34

9.87

9

Jamaica

0.536

3.863

1.58

2.91

10

Central African Republic

0.343

2.471

1.69

2.38

 

The volatility of an entity is determined by the variation in interest in such a location. When a significant event (elections, sporting events, terrorist incidents, controversies) occurs, a fluctuation in price is likely to occur as internet hits increase rapidly. Given 2016 proved to be a dramatic year politically for the US, such events are likely to create an influx of web searches. Other countries such as Turkey who experienced a military coup in July 2016, and several terrorist attacks from IS would also expect a large fluctuations in the volume of internet traffic at such times. The moderately high volatility of Turkey and the US are shown below, along with the comparison between the Google trends and the price of the US entity. It can be noted that with an anticipated increase in internet searches for the US due to the elections in November, the increase in price can be seen.

Entity

Annualized Standard Deviation

52 Week Low

52 Week High

Turkey

5.372

6

7.5

United States

2.409

10

10.67

         


Dividend Yield

The dividends for each entity are calculated on a weekly basis. The net dividends for 2016 are shown above for the entities with the highest dividend yield, which is the dividend per share as a percentage of the share price. The Faroe Islands recorded the highest dividend yield, at 235.93%. Despite the low dividend per share the closing price was just 0.01 resulting in a larger yield.

Rank

Country

Dividend per Share

Closing Price

Dividend Yield

1

Faroe Islands

0.023593

0.01

235.93%

2

Comoros

0.084109

0.05

168.22%

3

Gabon

0.155874

0.11

141.70%

4

Niue

0.093743

0.12

78.12%

5

Gibraltar

0.156083

0.25

62.43%

6

Norfolk Island

0.061463

0.1

61.46%

7

Falkland Islands (Malvinas)

0.093986

0.17

55.29%

8

Christmas Island

0.155184

0.33

47.03%

9

Heard Island and McDonald Islands

0.148070

0.32

46.27%

10

Bermuda

0.158296

0.37

42.78%

 

2015 to 2016 Transition

Apart from the Faroe Islands and Gabon showing a strong dividend yield in 2016, the high annualized standard deviation in 2015 had little effect of the dividend yield during 2016. It can be noted the high volatility for Afghanistan in 2015 led to a negative dividend yield in 2016, while the majority of the remaining ten most volatile countries experienced a very low dividend yield.

2015

     

2016

 

 

 

 

 

Rank

Country 

Annualized Standard Deviation

53 Week Low

53 Week High

 

Dividend yield

 

 

1

Faroe Islands

4.497

0.01

0.86

 

235.93%

 

 

2

Ireland

3.962

0.98

15.42

 

2.47%

 

 

3

Belize

3.392

0.22

6.12

 

6.29%

 

 

4

Gabon

3.034

0.11

2.22

 

141.70%

 

 

5

Norway

2.787

0.21

2

 

0.46%

 

 

6

Jordan

2.614

1.15

8.99

 

2.24%

 

 

7

French Southern Territories

2.213

0.67

6

 

2.30%

 

 

8

Afghanistan

2.15

0.5

3.02

 

-41.40%

 

 

9

South Africa

2.034

2

14.99

 

1.19%

 

 

10

Gibraltar

1.717

0.25

1.37

 

62.43%