The ÖkoDAX is an established on 4 June 2007 stock index . An amount of up to ten companies from the Prime Standard , exclusively from the sector of renewable energies originate (ie 10%) to be represented respectively by value equal proportions and its headquarters are to have in Germany. It is calculated every minute as a performance index and also as a price index on the basis of share prices from the Xetra system . Its composition is decided every quarter (March, June, September and December). There are exceptions to the rule in certain cases.
Like the DAX , the MDAX , the TecDAX and the SDAX , the ÖkoDAX belongs to the Prime Standard and is a product and registered trademark of Deutsche Börse AG .
In addition, the performance index is managed under ISIN DE000A0MEU42, WKN: A0MEU4, the price index under DE000A0MEU59, WKN: A0MEU5 in the Xetra electronic trading system. However, these rates are trading rates, e.g. B. for certificates and options , and deviate from the calculated values.
The index is calculated using the share prices of the selected companies in XETRA. The following table shows the companies with the longest membership in the ÖkoDAX (as of May 2013):
|logo||Surname||Share on January 6, 2010
in ÖkoDAX on May 7 , 2013
|CropEnergies AG||11.41%||since June 4th, 2007|
|Nordex SE||7.87%||12.63%||since June 4th, 2007|
|Phoenix Solar AG||11.20%|
|Global PVQ||June 4th, 2007 included as Q-Cells|
|PNE Wind AG||8.93%||11.58%||09/24/2007 accepted as Plambeck|
|SFC Energy AG||8.21%||since June 18, 2012|
|SMA Solar Technology AG||14.09%||10.33%||09/22/2008 added|
|SolarWorld AG||9.03%||8.20%||since June 4th, 2007|
|Verbio Ver. Bioenergy AG||9.67%||until 09/24/2007, then again and again with interruptions|
The companies formerly represented in the ÖkoDAX have left for various reasons and some will not be re-included. At times the number of companies fell to seven. The changes arise z. Partly through bankruptcy, takeover or the end of the listing.
The following list shows a selection of these changes:
|logo||Surname||admission||End of membership|
|Schmack biogas||06/04/2007||24.09.2007, continued as Viessmann GmbH|
|Ersol Solar Energy||06/04/2007||09/22/2008|
|REpower Systems||06/04/2007||February 8, 2009, takeover by Suzlon Energy|
|Conergy AG||06/04/2007||after bankruptcy|
|Centrotherm photovoltaics||09/21/2012 Continuation as Sol Futura|
|Solon SE||06/04/2007||after bankruptcy|
|Q-Cells SE||06/04/2007||October 22, 2012 after withdrawal from Prime Standard|
|Centrosolar||December 27, 2012||after bankruptcy|
|SAG Solarstrom AG||October 23, 2012||after bankruptcy|
|Envitec biogas||September 24, 2007||August 28, 2013 after a segment change in Entry Standard|
|3 W Power SA||June 18, 2012||May 14, 2014 after a segment change in General Standard|
|Roth & Rau|
|PETROTEC AG||May 14, 2014||October 6, 2015 with the end of the listing on the stock exchange|
The ÖkoDAX reached its highest level to date on July 16, 2007 with 837 points in the price index. The calculation back to March 25, 2003 results in 101.01 points. On March 10, 2011, the day before the Fukushima nuclear disaster , the Ökodax stood at almost 200 points. By March 15, it rose to 251 points, reached a new high (257) on March 28, after some profit-taking - at the time the nuclear phase-out was being concretized in Germany - and in the following months fell continuously to below 110 on October 4 . The ÖkoDAX fell by around 57% within a good seven months.
The price development of companies from the renewable energies sector that are not represented in the ÖkoDAX varies greatly in some cases. Vestas Wind Systems shares fell by more than 70% from March to November 2011. The company Solar Millennium even lost more than 90% of its market value from April to October 2011 and had to file for bankruptcy on December 21, 2011. In contrast, the price of Aleo Solar rose from 18 euros to over 26 euros and remained at this level until the beginning of November 2011.
In summer 2012 and 2013, 3W Power, a company based in the Netherlands, was included in the ÖkoDAX for the first time . In the second half of 2012, PNE Wind became the climber of the year, while the ÖkoDAX reached its lowest level in the price index on November 21, 2012 at 42.39 points. From December onwards, Nordex also rose at the same rate as PNE. Due to the mix, individual stocks may develop differently, so that the ÖkoDAX does not allow any conclusions to be drawn about the renewable energies sector. On February 2, 2015, the ÖkoDAX landed at an all-time low of 27.50 in the price index, and in December 2016 it fell to below 21.00 euros in the price index. This corresponds to a price loss of over 97% starting from the high in 2007.
In connection with the decline of the ÖkoDax, it was criticized in 2012 that “many business models are not sustainable.” Furthermore, the name has nothing to do with the term ecologically , as there is no corresponding evaluation of the individual companies, such as the Natur-Aktien-Index . The composition, as published on the Deutsche Börse AG website, has not been up to date for several years.
Over time, various credit institutions have offered certificates and other financial derivatives for the Ökodax. The German bank was just in time for a performance certificate out. In 2011, Bayerische Landesbank issued bonds based on the ÖkoDAX with a term of 5 years.
- Boerse Frankfurt OekoDAX Performance Index on the Deutsche Börse AG website
- ^ Report in the daily newspaper DIE WELT from June 5, 2007
- ↑ Message from Deutsche Börse ( memento of September 23, 2015 in the Internet Archive ): Due to the change in the Global PVQ SE share from Prime to General Standard, the company no longer met the selection criteria for remaining in the index and was canceled on October 23, 2012 deleted from the index
- ↑ Current composition on March 7, 2018
- ↑ Extraordinary adjustment of the index composition of the OekoDax Index ( memento of August 18, 2013 in the web archive archive.today ), for this EnviTec Biogas AG was deleted from the ÖkoDax Index.
- ↑ a b Frank M. Rauch (graduate environmental scientist): Öko-Strom-Index, a stock market barometer for renewable energies, version of January 5, 2013, published on the website of the WeserStrom interest group , offline
- ↑ https://www.cortalconsors.de/Wertpapierhandel/Aktien/Index-Snapshot/Kurs-Snapshot/DE000A0MEU59-OEKODAX-KURSINDEX
- ↑ ÖkoDax falls to a historic low , Die Welt online April 3, 2012
- ↑ Boerse Frankfurt OekoDAX Prices of individual stocks on the Deutsche Börse AG website
- ↑ Performance certificate ( Memento from March 11, 2014 in the Internet Archive )
- ↑ http://www.bayernlb.de/internet/media/internet_4/de_1/downloads_5/0100_corporatecenter_8/1051_emissionsgeschaeft_2/050_prod_mit_kapschutz_1/oekodaxgarant_anl_1/EB_BLB1AF.pdf