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.

7 metrics· Cited 0× in the knowledge base ·Open source ↗

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