ÖkoDAX
The ÖkoDAX is an established on 4 June 2007 stock index. It includes up to ten companies in the Prime Standard, which is sourced from the renewable energy sector, to each value terms equal proportions ( ie 10 %) are to be represented and have their registered office in Germany. It is calculated as a performance index and a price index. About his composition will be decided quarterly ( March, June, September and December). In certain cases, there are exceptions to the rule.
As the DAX, the MDAX, the Nasdaq and the SDAX part of ÖkoDAX to Prime Standard and is a product and registered trademark of the German Stock Exchange.
The performance index is under ISIN DE000A0MEU42, WKN: A0MEU5 out in the electronic trading system Xetra: A0MEU4, the price index under DE000A0MEU59, WKN. However, these courses are trading prices and deviate from the calculated values.
Composition
The index is calculated based on the share prices of ten selected companies in XETRA. The following table shows how the composition of the ÖkoDAX has changed over time.
Performance
The highest level ever reached the ÖkoDAX on 16 July 2007 with 837 points in the price index. The return statement on 25 March 2003 prove 101,01 points. On March 10, 2011, the date before the Fukushima nuclear disaster, the ÖkoDAX stood at just 200 points. By 15 March, it rose to 251 points, reached after some profit taking on March 28, a renewed high (257 ) - at the time was concretized the nuclear phase-out in Germany - and fell in the months that continuously below 110 on October 4. So the ÖkoDAX fell within about seven months by about 57%.
The price development of unrepresented ÖkoDAX companies from the renewable energy industry, partly very different. Thus, the shares of Vestas Wind the system of März to November 2011 fell by more than 70%. The company Solar Millennium lost from April to October 2011 even more than 90 % of its market value and had on 21 December 2011 Insolvency Register. In contrast, the price of Aleo Solar rose from 18 euros to 26 euros and remained until early November 2011 at this level.
In the summer of 2012 and 2013, a company was incorporated, headquartered in the Netherlands in the ÖkoDAX with 3W Power for the first time. In the second half of 2012, PNE Wind became the winner of the year, while the ÖkoDAX reached on November 21, 2012 by then its lowest level with 42.39 points in the price index. From December Nordex also increased to the same extent as PNE. On 5 July 2013, the ÖkoDAX landed on a historic low of 40.90 in the price index, three days later was even calculated Cortal Consors only 38,06 based on the values in the XETRA.
Financial instruments
Over time, various financial institutions certificates and other financial derivatives have offered for ÖkoDAX. The German bank was time for the start out a performance certificate. 2011, laid on the base of the ÖkoDAX with a term of 5 years, the Bayerische Landesbank debt.