CDAX Index (Germany) Price on November 21, 2024
| CDAXX Index | 1,699 4.11 0.24% |
Below is the normalized historical share price chart for CDAX Index extending back to March 22, 1991. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of CDAX Index stands at 1,699, as last reported on the 27th of December, with the highest price reaching 1,702 and the lowest price hitting 1,690 during the day.
If you're considering investing in CDAX Index, it is important to understand the factors that can impact its price. CDAX Index retains Efficiency (Sharpe Ratio) of 0.0348, which signifies that the index had a 0.0348% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for CDAX Index, which you can use to evaluate the volatility of the entity. CDAX Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = 0.0348
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CDAXX |
Estimated Market Risk
| 0.72 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average CDAX Index is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CDAX Index by adding it to a well-diversified portfolio.
CDAX Index Valuation on November 21, 2024
It is possible to determine the worth of CDAX Index on a given historical date. On November 21, 2024 CDAX was worth 1637.41 at the beginning of the trading date compared to the closed value of 1646.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CDAX Index index. Still, in general, we apply an absolute valuation method to find CDAX Index's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CDAX Index where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CDAX Index's related companies.
| Open | High | Low | Close | Volume | |
| 1,643 | 1,654 | 1,634 | 1,637 | 80,021,460 | |
11/21/2024 | 1,637 | 1,647 | 1,628 | 1,647 | 81,570,720 |
| 1,647 | 1,664 | 1,639 | 1,664 | 99,032,030 |
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CDAX Index Trading Date Momentum on November 21, 2024
| On November 22 2024 CDAX Index was traded for 1,664 at the closing time. The highest price during the trading period was 1,664 and the lowest recorded bid was listed for 1,639 . The volume for the day was 99 M. This history from November 22, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 1.02% . The overall trading delta to the current price is 2.17% . |
Price Boundaries
CDAX Index Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
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CDAX Index December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how CDAX Index index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CDAX Index shares will generate the highest return on investment. By undertsting and applying CDAX Index index market strength indicators, traders can identify CDAX Index entry and exit signals to maximize returns
CDAX Index Technical Drivers
CDAX Index December 27, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CDAX Index's price direction in advance. Along with the technical and fundamental analysis of CDAX Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of CDAX to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0579 | |||
| Mean Deviation | 0.6016 | |||
| Semi Deviation | 0.5969 | |||
| Downside Deviation | 0.6516 | |||
| Coefficient Of Variation | 1358.91 | |||
| Standard Deviation | 0.751 | |||
| Variance | 0.564 | |||
| Information Ratio | 0.0027 | |||
| Total Risk Alpha | 0.0043 | |||
| Sortino Ratio | 0.0031 | |||
| Maximum Drawdown | 3.78 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.35 | |||
| Downside Variance | 0.4245 | |||
| Semi Variance | 0.3563 | |||
| Expected Short fall | (0.76) | |||
| Skewness | 0.0452 | |||
| Kurtosis | 0.1236 |
| Cycle Indicators | ||
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| Volatility Indicators | ||
| Volume Indicators |