Below is the Dogs of the TSX 60 for 2021 with the breakdown of the other categories that we track.
Low P/E
High P/E
Low Yield
High Yield
Low P/B
High P/B
Summary
As stated in the review of the 2020 TSX 60 stock performance:
“Upon further review, the category that seems to show the most consistency is the High P/B. Although not posting the best gains for 2020, the returns over the years have suggested that High P/B can retain their edge.”
We’re looking to the High P/B stocks to lead the TSX on the way up and down. This means, if the market structure breaks down, the High P/B will lose more. Conversely, if the compressed value component is recognized in the TSX 60 for 2021, then the High P/B stock will be worth your while. Finally, our personal bias is still with the Low Yield stocks however their performance isn’t as proven as the High P/B stocks.
We will continue to track and update the data going forward.
See Also: