Musings on Markets · 2025-01-10
· 510d
Annual Data Update 2025: Navigating Data Bias and Limitations in Market Analysis
An annual review of global publicly traded company data (47,810 firms) with emphasis on data interpretation challenges. The author argues that while data is valuable for fact-checking claims and quantifying prediction uncertainty, it carries inherent biases and should not be treated as infallible, particularly when extrapolating historical patterns to future performance.
Metrics in this report
Effective Corporate Tax Rate - High Estimate
26.43%
maximum
US public companies, varied calculation methodology
Effective Corporate Tax Rate - Low Estimate
6.75%
minimum
US public companies, varied calculation methodology
Global Public Companies Sample Size
47,810count
total
All publicly traded companies listed at start of 2025 with available market price
Technology Sector Market Cap Share
21%
current
Global listed stocks by sector
US Market Capitalization Share
49%
current
Start of 2025, global stock market
US Market Capitalization Share
44%
prior year
Start of 2024, global stock market
US Market Capitalization Share
42%
two years prior
Start of 2023, global stock market