US Equities
Today’s price sits at the 90.1th percentile of modeled fair value — 10% of modeled scenarios put fair value above the market.
- Median fair value
- 80.0
- Upside to median
- -20.0%
- Last close
- $771.10
- Confidence
- high
Return distributions, not point forecasts
Percentiles describe the spread of scenario outcomes under the stated method. The width of the range carries as much information as the midpoint.
One year
modeled- P90
- +20.0%
- P75
- +11.0%
- Median
- +3.4%
- P25
- -6.0%
- P10
- -16.0%
59% of modeled scenarios end positive.
Valuation-aware 1Y scenario model combining cash yield/carry, sustainable fundamental growth, a conservative fraction of valuation convergence and institutional long-run priors; recent returns excluded.
Three years, annualised
blended- P90
- +9.0%
- P75
- +6.8%
- Median
- +4.7%
- P25
- +2.5%
- P10
- 0.0%
Three-year annualized scenario blend of current cash yield/carry, sustainable growth, gradual valuation normalization and institutional long-run return priors.
Against the Treasury hurdle
- 1y Treasury
- 4.02%
- Expected excess
- -0.6%
- Basis
- direct
DGS1 is the preferred investment-basis one-year hurdle; the expected-return edge is modeled and is not a guaranteed excess return.
10 in this asset class
| Symbol | Valuation | Fair value | Last close | 1y modeled |
|---|---|---|---|---|
| SPY US Large-Cap Index | -2.4Exceptionally expensive | 80.0 | $771.10 | +3.4% |
| QQQ US Technology Index | -2.4Exceptionally expensive | 80.0 | $721.11 | +3.4% |
| DIA US Blue-Chip Index | -2.4Exceptionally expensive | 80.0 | $535.22 | +3.4% |
| IWM US Small-Cap Index | -2.4Exceptionally expensive | 80.0 | $299.81 | +3.4% |
| RSP US Equal-Weight Index | -2.4Exceptionally expensive | 80.0 | $221.45 | +3.4% |
| XLF US Financial Sector | -2.4Exceptionally expensive | 80.0 | $57.88 | +3.4% |
| XLI US Industrial Sector | -2.4Exceptionally expensive | 80.0 | $178.80 | +3.4% |
| XLV US Healthcare Sector | -2.4Exceptionally expensive | 80.0 | $171.58 | +3.4% |
| XLY US Consumer Discretionary Sector | -2.4Exceptionally expensive | 80.0 | $115.88 | +3.4% |
| SMH US Semiconductor Sector | -2.4Exceptionally expensive | 80.0 | $573.00 | +3.4% |