All Ords Index - 7-years & No Capital Growth has always been Bullish 3-years Forward
All Ords Index - 7-years & No Capital Growth has always been Bullish 3-years Forward. The All Ordinaries Index (XAO) ended the 2014 financial year at 5,382. We note this level is lower than 7-years ago with the index finishing financial year 2007 at 6,310. So over the past 7-years the compound annual growth rate (CAGR) of the All Ordinaries Index is -2.2% (excluding dividends). Not surprisingly, like the cool before the warm & the calm after the storm - below average returns are more often than not followed by above average returns. The data speaks for itself. The 3-year returns following a negative stretch of 7-years (financial year end) were always positive recording average gains of 39% (CAGR 11%) with a 15 from 15 win rate. Full data analysis & tables can be viewed at (VIEW LINK)
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