Deutsche Börse Sentiment Indices Sample Clauses

Deutsche Börse Sentiment Indices. DAX Trend Indicator Since 26 September, Deutsche Börse has been publishing a trend indicator for the German Stock Index (DAX). This DAX Sentiment Index is calculated on a weekly basis and published online at Deutsche Börse’s Investor Center every Thursday morning before the trading starts. This index is the second sentiment index provided by Deutsche Börse, the other one being the Neuer Markt Sentiment Index that has been published since January this year. Sentiment indices are trend indicators reflecting the expectations of active investors regarding the development of markets. The sentiment index for the DAX tracks the degree of optimism in relation to the pessimistic and neutral expectations for the DAX as well as the percentage change in these values when compared to the previous week’s values. Sentiment indices are often contrary indicators, which means that the lower the expectations the more sharply the index will rise in the future as a rule, one of the reasons for this being that those market participants who opt for pessimism have already sold and dispose of high liquidity, which can then be used for purchases when good news come in. However, indicators prove to be cyclical in times of a prolonged sideways movement. For the calculation of the DAX Sentiment Index, every Wednesday Deutsche Börse surveys some 150 institutional investors that are actively participating in the market, on whether they think the German Stock Index will go up, down or move sideways in the following 30 days. The data will then be made anonymous and forwarded to Cognitrend where the data will be evaluated and the Sentiment Index will be calculaated and interpreted on behalf of Deutsche Börse. Historical data for the index has been available since the beginning of August.
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