Published 2014-01-17
Investtech has analysed the German market since year 2000. Since May 2003, our computers have selected Today's Case from among the Dax30 companies and also the broader CDax, and presented the selected stocks to our subscribers.
We have now calculated statistics for this past decade, looking at how the recommendations have performed.
Overall Investtech presented 1,969 positive candidates as the Daily Case on the Dax30 and 2,620 on the CDax in the time period May 2003 to December 2013. The Dax30 Cases are big companies, where 99 percent had an average daily turnover of ten million euros or more. The CDax Cases are more evenly distributed among liquidity classes, with 52 percent above ten million euros, 25 percent between two and ten million euros and 23 percent below two million euros.
Today's Case in Germany is selected entirely automatically by Investtech’s mathematical algorithms. The criteria used are highest possible technical score, based on trend, price formation, volume development and other technical indicators, in addition to satisfactory liquidity. Time horizon for the recommendations is medium term, i.e. one to three months.
The Dax30 Cases increased by an average of 1.8 percent the first month, which equals 0.7 percent excess return compared to reference index. The Daily Case stocks increased by 4.9 percent the first quarter, which is 1.9 percentage points better than index.
Number | Day | Week | Month | Quarter | |
Absolute return | 1,969 | 0.1 | 0.6 | 1.8 | 4.9 |
Relative to index | 1,969 | 0.1 | 0.3 | 0.7 | 1.9 |
The table shows absolute and relative return from stocks published as the Daily Case to Investtech’s subscribers in Germany from May 5, 2003, to December 30, 2013. For the newer Cases where prices up to a quarter after publication date are not available, we have estimated the missing prices to equal the last known closing price.
The system also selects negative case candidates, which are the most negative stocks. However, these have not been made available to our subscribers. The negative cases followed the stock exchange relative to index for the first month, but quarterly they fell 0.2 percentage points compared to index.
The CDax Cases increased on average by 1.6 percent the first month, which is 0.5 percentage points more than the reference index. The CDax Case stocks increased by 4.3 percent in the first quarter, which is 1.2 percentage points better than index.
Number | Day | Week | Month | Quarter | |
Absolute return | 2,620 | 0.1 | 0.5 | 1.6 | 4.3 |
Relative to index | 2,620 | 0.1 | 0.3 | 0.5 | 1.2 |
The table shows absolute and relative return from stocks published as the Daily Case to Investtech’s subscribers in Germany from May 5, 2003, to December 30, 2013. For the newer Cases where prices up to a quarter after publication date are not available, we have estimated the missing prices to equal the last known closing price.
The system also selected negative case candidates for the CDax. The negative cases fell by 0.4 percentage points relative to index the first month and by 0.4 percentage points quarterly.
Keywords: CDax,daily case,Germany,return,statistics.
Investtech garanterar inte fullständigheten eller korrektheten av analyserna. Eventuell exponering utifrån de råd / signaler som framkommer i analyserna görs helt och fullt på den enskilda investerarens räkning och risk. Investtech är inte ansvarig för någon form för förlust, varken direkt eller indirekt, som uppstår som en följd av att ha använt Investtechs analyser. Upplysningar om eventuella intressekonflikter kommer alltid att framgå av investeringsrekommendationen. Ytterligare information om Investtechs analyser finns på infosidan.
Investtech garanterar inte fullständigheten eller korrektheten av analyserna. Eventuell exponering utifrån de råd / signaler som framkommer i analyserna görs helt och fullt på den enskilda investerarens räkning och risk. Investtech är inte ansvarig för någon form för förlust, varken direkt eller indirekt, som uppstår som en följd av att ha använt Investtechs analyser. Upplysningar om eventuella intressekonflikter kommer alltid att framgå av investeringsrekommendationen. Ytterligare information om Investtechs analyser finns på infosidan.