The numbers are averages of P/E, P/BV and Dividend Yield in each month. The maps don’t show the maximum and minimum values of each month.
Caution – Please remember that relying solely on averages can be risky. Its like a 6-feet person drowning in a river which had an average depth of 4-feet. 🙂
So do not make any investment decision based solely on just one or two ‘average’ indicators. At most, treat these heat maps as broad indicators of market sentiments.
So here are the Heat Maps…
- Nifty P/E Ratio Vs Returns Analysis
- Nifty P/BV Ratio Vs Returns Analysis
- Nifty Dividend Yield Vs Returns Analysis