The EURO STOXX 50 is a stock index of Eurozone stocks designed by STOXX, an index provider owned by Deutsche Börse Group. The index is composed of 50 stocks from 11 countries in the Eurozone.[2]
EURO STOXX 50 represents Eurozone blue-chip companies considered as leaders in their respective sectors.[2] It is made up of fifty of the largest and most liquid stocks. The index futures and options on the EURO STOXX 50, traded on Eurex, are among the most liquid products in Europe and the world.
The EURO STOXX 50 was introduced on 26 February 1998.
The EURO STOXX 50 Index represents some of the largest companies in the Eurozone in terms of free-float market capitalization. The index captures about 60% of the free-float market capitalization of the EURO STOXX Total Market Index (TMI), which in turn covers about 95% of the free-float market capitalization of the represented countries.
The EURO STOXX 50 is one of the most liquid indices for the Eurozone.
EURO STOXX 50 was quoted only starting 1998 but its prices were calculated retroactively back to the year 1986. The base value is 1000 points, referenced on 31 December 1991.[5] The following table shows the end-of-year values of the EURO STOXX 50 index since 1986.[6][citation needed]
Year
Year end value
Change, in points
Change, in %
1986
900.82
1987
648.13
−252.69
−28.05
1988
861.36
213.23
32.90
1989
1098.49
237.13
27.53
1990
858.72
−239.77
−21.83
1991
1000.00
141.28
16.45
1992
1033.51
33.51
3.35
1993
1433.34
399.83
38.69
1994
1320.59
−112.75
−7.87
1995
1506.82
186.23
14.10
1996
1850.32
343.50
22.80
1997
2531.99
681.67
36.84
1998
3342.32
810.33
32.00
1999
4904.46
1562.14
46.74
2000
4772.39
−132.07
−2.69
2001
3806.13
−966.26
−20.25
2002
2386.41
−1419.72
−37.30
2003
2760.66
374.25
15.68
2004
2951.24
190.58
6.90
2005
3578.93
627.69
21.27
2006
4119.94
541.01
15.12
2007
4399.72
279.78
6.79
2008
2451.48
−1948.24
−44.28
2009
2966.24
514.76
21.00
2010
2792.82
−173.42
−5.85
2011
2316.55
−476.27
−17.05
2012
2635.93
319.38
13.79
2013
3109.00
473.07
17.95
2014
3146.43
37.43
1.20
2015
3267.52
121.09
3.85
2016
3290.52
23.00
0.7
2017
3503.96
213.44
6.47
2018
3001.42
−502.54
−14.34
2019
3745.16
743.73
24.78
2020
3552.64
−192.52
−5.14
2021
4298.41
745.77
20.99
Calculation
The calculation of the indices employ the Laspeyres formula, which measures price changes against a fixed base quantity weight:[7]
where: vcc:FdDF
t = Time the index is computed
n = Number of companies in the index
pit = Price of company (i) at time (t)
sit = Number of shares of company (i) at time (t)
ffit = Free-float factor of company (i) at time (t)
cfit = Weighting cap factor of company (i) at time (t)
xit = Exchange rate from local currency into index currency for company (i) at time (t)
Mt = Free-float market capitalization of the index at time (t)
Dt = Divisor of the index at time (t)
Changes in weights due to corporate actions are distributed proportionally across all index components. The index divisors, which is adjusted to maintain the continuity of the values of the index across changes due to corporate actions, are calculated as follows:
where ΔMCt+1 = The difference between the closing market capitalization of the index and the adjusted closing market capitalization of the index: for companies with corporate actions effective at time (t+1), the free-float market capitalization is calculated with adjusted closing prices, the new number of shares at time (t+1) and the free-float factor at time (t+1) minus the free-float market capitalization calculated with closing prices, number of shares at time (t) and free-float factor at time (t).
Buffers are used to achieve the fixed number of components and to maintain stability of the indices by reducing index composition changes. Selection methodology ensures a stable and up-to-date index composition. Fast-entry and fast-exit rules ensure the index accurately represents the performance of only the biggest and most liquid stocks.
Composition
The composition of EURO STOXX 50 is reviewed annually in September. The index is available in several currency (EUR, USD, CAD, GBP, JPY) and return (Price, Net Return, Gross Return) variant combinations. Calculation takes place every 15 seconds between 09:00 CET and 18:00 CET for the EUR and USD variants of any return type, while the CAD, GBP and JPY variants are available as end-of-day calculation only (18:00 CET). The EURO STOXX 50 Index is derived from the 19 EURO STOXX regional Supersector indices. As of January 2023[update], the most countries with most companies represented are France (representing 39.9% of all total assets) and Germany (30.2%).[1]
As of 8 March 2022[update], Euro Stoxx 50 consists of the following companies:[8]
The EURO STOXX 50 serves as the basis for single sub-indices such as the EURO STOXX 50 ex Financials, which excludes all companies assigned to the ICB code 8000. EURO STOXX 50 is used for as underlying index for other financial products or for performance benchmarking purposes. Additionally, the index serves as an underlying for many strategy indices, such as the EURO STOXX 50 Risk Control Indices. The index is used as an underlying for ETFs and derivative financial instruments such as futures and options.[2]
See also
STOXX Europe 50 (a similar index not limited to the Eurozone)
^ ab"STOXX Digital | EURO STOXX 50®". www.stoxx.com.
External links
EURO STOXX 50 page
EURO STOXX 50 Fact sheet
STOXX Index Methodology Guide
Bloomberg page for SX5E:IND
Yahoo! Finance page for ^STOXX50E
March 27, 2023
euro, stoxx, stock, index, eurozone, stocks, designed, stoxx, index, provider, owned, deutsche, börse, group, index, composed, stocks, from, countries, eurozone, indexfoundation26, february, 1998operatorstoxxconstituents50typemega, capmarket, trillion, april, . The EURO STOXX 50 is a stock index of Eurozone stocks designed by STOXX an index provider owned by Deutsche Borse Group The index is composed of 50 stocks from 11 countries in the Eurozone 2 EURO STOXX 50 IndexFoundation26 February 1998OperatorSTOXXConstituents50TypeMega capMarket cap 3 698 trillion April 2021 1 Weighting methodFree float market capitalizationRelated indicesSTOXX Europe 50Websitestoxx com EURO STOXX 50 represents Eurozone blue chip companies considered as leaders in their respective sectors 2 It is made up of fifty of the largest and most liquid stocks The index futures and options on the EURO STOXX 50 traded on Eurex are among the most liquid products in Europe and the world Contract Specifications 3 Euro Stoxx 50 DSX Exchange EUREXSector IndexTick Size 1Tick Value 10 EURBPV 10Denomination EURDecimal Place 1The EURO STOXX 50 was introduced on 26 February 1998 The EURO STOXX 50 Index represents some of the largest companies in the Eurozone in terms of free float market capitalization The index captures about 60 of the free float market capitalization of the EURO STOXX Total Market Index TMI which in turn covers about 95 of the free float market capitalization of the represented countries The EURO STOXX 50 is one of the most liquid indices for the Eurozone Contents 1 Historical performance 2 Calculation 3 Composition 4 Stocks per country 5 Use in the financial industry 6 See also 7 References 8 External linksHistorical performance EditPerformance of the Euro Stoxx 50 stock market index since 1998 end of year points 4 vte EURO STOXX 50 was quoted only starting 1998 but its prices were calculated retroactively back to the year 1986 The base value is 1000 points referenced on 31 December 1991 5 The following table shows the end of year values of the EURO STOXX 50 index since 1986 6 citation needed Year Year endvalue Change in points Change in 1986 900 821987 648 13 252 69 28 051988 861 36 213 23 32 901989 1098 49 237 13 27 531990 858 72 239 77 21 831991 1000 00 141 28 16 451992 1033 51 33 51 3 351993 1433 34 399 83 38 691994 1320 59 112 75 7 871995 1506 82 186 23 14 101996 1850 32 343 50 22 801997 2531 99 681 67 36 841998 3342 32 810 33 32 001999 4904 46 1562 14 46 742000 4772 39 132 07 2 692001 3806 13 966 26 20 252002 2386 41 1419 72 37 302003 2760 66 374 25 15 682004 2951 24 190 58 6 902005 3578 93 627 69 21 272006 4119 94 541 01 15 122007 4399 72 279 78 6 792008 2451 48 1948 24 44 282009 2966 24 514 76 21 002010 2792 82 173 42 5 852011 2316 55 476 27 17 052012 2635 93 319 38 13 792013 3109 00 473 07 17 952014 3146 43 37 43 1 202015 3267 52 121 09 3 852016 3290 52 23 00 0 72017 3503 96 213 44 6 472018 3001 42 502 54 14 342019 3745 16 743 73 24 782020 3552 64 192 52 5 142021 4298 41 745 77 20 99Calculation EditThe calculation of the indices employ the Laspeyres formula which measures price changes against a fixed base quantity weight 7 I n d e x t i 1 n p i t s i t f f i t c f i t x i t D t M t D t displaystyle Index t frac displaystyle sum i 1 n p it cdot s it cdot ff it cdot cf it cdot x it D t frac M t D t where vcc FdDF t Time the index is computed n Number of companies in the index pit Price of company i at time t sit Number of shares of company i at time t ffit Free float factor of company i at time t cfit Weighting cap factor of company i at time t xit Exchange rate from local currency into index currency for company i at time t Mt Free float market capitalization of the index at time t Dt Divisor of the index at time t Changes in weights due to corporate actions are distributed proportionally across all index components The index divisors which is adjusted to maintain the continuity of the values of the index across changes due to corporate actions are calculated as follows D t 1 D t i 1 n p i t s i t f f i t c f i t x i t D M C t 1 i 1 n p i t s i t f f i t c f i t x i t displaystyle D t 1 D t cdot frac displaystyle sum i 1 n p it cdot s it cdot ff it cdot cf it cdot x it pm Delta MC t 1 displaystyle sum i 1 n p it cdot s it cdot ff it cdot cf it cdot x it where DMCt 1 The difference between the closing market capitalization of the index and the adjusted closing market capitalization of the index for companies with corporate actions effective at time t 1 the free float market capitalization is calculated with adjusted closing prices the new number of shares at time t 1 and the free float factor at time t 1 minus the free float market capitalization calculated with closing prices number of shares at time t and free float factor at time t Buffers are used to achieve the fixed number of components and to maintain stability of the indices by reducing index composition changes Selection methodology ensures a stable and up to date index composition Fast entry and fast exit rules ensure the index accurately represents the performance of only the biggest and most liquid stocks Composition EditThe composition of EURO STOXX 50 is reviewed annually in September The index is available in several currency EUR USD CAD GBP JPY and return Price Net Return Gross Return variant combinations Calculation takes place every 15 seconds between 09 00 CET and 18 00 CET for the EUR and USD variants of any return type while the CAD GBP and JPY variants are available as end of day calculation only 18 00 CET The EURO STOXX 50 Index is derived from the 19 EURO STOXX regional Supersector indices As of January 2023 update the most countries with most companies represented are France representing 39 9 of all total assets and Germany 30 2 1 As of 8 March 2022 update Euro Stoxx 50 consists of the following companies 8 Ticker Main listing Name Corporate form Registeredoffice Industry FoundedADS DE FWB ADS Adidas Aktiengesellschaft Germany Sportwear 1924ADYEN AS Euronext ADYEN Adyen Naamloze vennootschap Netherlands Software Infrastructure 2006AD AS Euronext AD Ahold Delhaize Naamloze vennootschap Netherlands Retail 2016 1867 AI PA Euronext Paris AI Air Liquide Societe Anonyme France Chemistry 1902AIR PA Euronext AIR Airbus Societas Europaea France Aerospace 1970ALV DE FWB ALV Allianz Societas Europaea Germany Insurance 1890ABI BR Euronext ABI Anheuser Busch InBev Societe Anonyme Naamloze vennootschap Belgium Food and beverage 2008 1366 1888 1852 1895 ASML AS Euronext ASML ASML Holding Naamloze vennootschap Netherlands Technology 1984CS PA Euronext CS AXA Societe Anonyme France Insurance 1816BAS DE FWB BAS BASF Societas Europaea Germany Chemistry 1865BAYN DE FWB BAYN Bayer Aktiengesellschaft Germany Chemistry 1863BBVA MC BMAD BBVA BBVA Sociedad Anonima Spain Banking 1857SAN MC BMAD SAN Banco Santander Sociedad Anonima Spain Banking 1857BMW DE FWB BMW BMW Aktiengesellschaft Germany Automotive industry 1916BNP PA Euronext Paris BNP BNP Paribas Societe Anonyme France Banking 2002 1848 1872 CRG IR Euronext Dublin CRG CRH Public Limited Company Ireland Construction and materials 1970 1936 BN PA Euronext BN Danone Societe Anonyme France Food and beverage 1919DB1 DE FWB DB1 Deutsche Borse Aktiengesellschaft Germany Finance 1992DPW DE FWB DPW Deutsche Post Aktiengesellschaft Germany Logistics 1995DTE DE FWB DTE Deutsche Telekom Aktiengesellschaft Germany Telecommunication 1995ENEL MI BIT ENEL Enel Societa per azioni Italy Electric utility 1962ENI MI BIT ENI Eni Societa per azioni Italy Petroleum 1953EL PA Euronext EI EssilorLuxottica Societe anonyme France Optical industry 1849FLTR IR Euronext FLTR Flutter Entertainment Public Limited Company Ireland Bookmaking 2016RMS PA Euronext RMS Hermes Societe Anonyme France Luxury 1837IBE MC BMAD IBE Iberdrola Sociedad Anonima Spain Electric utility 1992 1907 1944 ITX MC BMAD ITX Inditex Sociedad Anonima Spain Clothing 1985IFX DE FWB IFX Infineon Technologies Aktiengesellschaft Germany Semiconductors 1999INGA AS Euronext INGA ING Group Naamloze vennootschap Netherlands Banking 1991ISP MI BIT ISP Intesa Sanpaolo Societa per azioni Italy Banking 2007 1563 KER PA Euronext KER Kering Societe Anonyme France Luxury 1963KNEBV HE Nasdaq Helsinki KNEBV Kone Julkinen osakeyhtio Finland Engineering and service 1910OR PA Euronext OR L Oreal Societe Anonyme France Personal and household goods 1909LIN DE FWB LIN Linde plc Public limited company Ireland Chemistry 1879MC PA Euronext MC LVMH Moet Hennessy Louis Vuitton Societas Europaea France Personal and household goods 1987 1743 1765 1854 MBG DE FWB MBG Mercedes Benz Group Aktiengesellschaft Germany Automotive industry 2007 1926 MUV2 DE FWB MUV2 Munich Re Aktiengesellschaft Germany Insurance 1880RI PA Euronext RI Pernod Ricard Societe Anonyme France Alcohol 1975PHIA AS Euronext PHIA Philips Naamloze vennootschap Netherlands Health care equipment 1891PRX AS Euronext PRX Prosus Naamloze vennootschap Netherlands Consumer Internet 2019SAF PA Euronext SAF Safran Societe Anonyme France Aerospace 2005SAN PA Euronext SAN Sanofi Societe Anonyme France Pharmaceutical industry 2004 1834 1899 1973 SAP DE FWB SAP SAP Societas Europaea Germany Technology 1972SU PA Euronext SU Schneider Electric Societas Europaea France Goods and Services 1836SIE DE FWB SIE Siemens Aktiengesellschaft Germany Goods and Services 1847STLA MI BIT STLA Stellantis Naamloze vennootschap Netherlands Automotive industry 2021TTE PA Euronext TTE TotalEnergies Societas Europaea France Petroleum 1924DG PA Euronext DG Vinci SA Societe Anonyme France Construction and materials 1899VOW DE FWB VOW Volkswagen Group Aktiengesellschaft Germany Automotive industry 1937VNA DE FWB VNA Vonovia Societas Europaea Germany Real estate 2001Stocks per country EditThe following table shows the number of stocks companies per country as of May 2021 8 Rank Country Stocks1 France 15 Germany 153 Netherlands 84 Spain 45 Italy 3 Ireland 37 Belgium 1 Finland 1Total 50Use in the financial industry EditThe EURO STOXX 50 serves as the basis for single sub indices such as the EURO STOXX 50 ex Financials which excludes all companies assigned to the ICB code 8000 EURO STOXX 50 is used for as underlying index for other financial products or for performance benchmarking purposes Additionally the index serves as an underlying for many strategy indices such as the EURO STOXX 50 Risk Control Indices The index is used as an underlying for ETFs and derivative financial instruments such as futures and options 2 See also EditSTOXX Europe 50 a similar index not limited to the Eurozone S amp P Europe 350References Edit a b EURO STOXX 50 29 May 2021 a b c About EURO STOXX 50 Price EUR Bloomberg Retrieved 5 July 2022 Historical Euro Stoxx 50 Intraday Data DSX PortaraCQG Retrieved 31 August 2022 http www boerse de historische kurse Euro Stoxx 50 EU0009658145 EuroStoxx 50 Markets Insider Retrieved 5 July 2022 Euro Stoxx 50 Historie Kurshistorie Schlusskurse boerse de STOXX Calculation Guide December 2022 a b STOXX Digital EURO STOXX 50 www stoxx com External links EditEURO STOXX 50 page EURO STOXX 50 Fact sheet STOXX Index Methodology Guide Bloomberg page for SX5E IND Yahoo Finance page for STOXX50E Euro Stoxx 50 Index 965814 EU0009658145 Borse Frankfurt Frankfurt Stock Exchange Retrieved from https en wikipedia org w index php title EURO STOXX 50 amp oldid 1140527916, wikipedia, wiki, book, books, library,
