Market Commentary 26914
November, 2017 Data:
12 MONTH FORECAST
The 12 month forecast for the DAX Stock Index is in the table at the top of this
page. Forecast-Chart.com is forecasting a DAX Index of 14591. The table
shows a HDTFA of 2436 which suggests that the December, 2018 DAX could
easily close anywhere between 17027 and 12155. Links to Forecasts for
twenty-two other stock indexes may be found by clicking Stock Market Forecast
at the top of any page.
BULL MARKET or BEAR MARKET?
An updated primary trend forecast for the U.S. Stock Market is provided to
subscribers only. A time delayed primary trend forecast is provided to non
subscribers. Artificial Intelligence is used to forecast major turning points in the
broad U.S. Stock Market. The forecast is either a Bull Market Signal (up) or a
Bear Market Signal (down). This mathematical system performed very well in a
one hundred year backtest and also in real time since going live in 2005. To get
the forecast signal for the broad U.S Stock Market, click Stock Market Forecast
at the top of any page. Then select the Bull Market & Bear Market Forecast.
10 YEAR FORECAST
Forecast-Chart.com publishes a 10 Year Forecast for the following stock
market indexes: Dow Jones Industrial Average, FTSE 100 (United Kingdom),
Hang Seng (Hong Kong), S&P 500, S&P SmallCap 600, S&P MidCap 400,
NASDAQ 100, TSX Composite (Canada), Russell 3000, Russell 2000, Russell
1000 and the Wilshire 5000. For example, the probability that the S&P 500
equity index will be down at least 20% in 10 years is estimated (November, 2027
close compared to November, 2017 close). Over 100 YEARS of historical data
was used to calculate the probabilities. The index with the highest probability of
gaining over 200% in the next 10 years is the S&P TSX Index. The indexes with
the lowest probability of gaining over 200% in the next 10 years are the S&P
SmallCap 600, S&P MidCap 400, Russell 2000, NASDAQ 100 and the Dow
Industrial Average. To see these forecasts, click the Stock Market Forecast link
at the top of any page, then select the index you are interested in.
All Time High 13230 (October, 2017)
November, 2017 close 13024
Decline From All Time High 2%
10 Year Return 69%
5 Year Low 7612 (December, 2012)
Gain From 5 Year Low 71%
The highest all time monthly close in the DAX Stock Index was 13230 in
October, of 2017. The November, 2017 close was 13024. That's a decline of
206 points or 2% below the DAX Index all time high. The DAX Stock Index is up
69% over the last 10 years. It has gained 22% over the last 12 months.
The November close was 205.59 points lower than the October, 2017 close of
13230, resulting in a 1.55% decline for November.
The 5 year market low for the DAX Index was 7612 in December of 2012. The
November, 2017 close at 13023.98 represents a 71% gain since December,
Forecast-Chart.com's historical research covers the DAX back to December,
1990. All calculations are based on the monthly market close in the DAX Stock
Index, excluding dividends.
This page provides a five year chart and a forecast for the DAX Index. For links
to longer term charts, look at the links under the five year chart (above). One
link opens a ten year chart. Another opens our longest term graph on the DAX
Stock Index. Just one glance at our long term charts can provide tremendous
insight into the historical trends of the financial markets. The table above
presents historical data on the DAX Index categorized by the months of the
ROLLING RETURNS, 1990 - 2017: DAX Stock Index
Rolling Period Last / Percentile Best / Average / Worst
1 Year 22% / 67th 79% / 11% / -49%
2 Year 14% / 39th 132% / 23% / -60%
4 Year 38% / 42nd 229% / 50% / -50%
8 Year 131% / 78th 384% / 90% / -34%
16 Year 159% / 48th 401% / 173% / 23%
How do you read the table?
For example: Rolling 2 year period returns are shown on the second row. In the
latest rolling 2 year period, (12/2015 - 11/2017), the DAX Stock Index returned
14%. That period scored in the 39th percentile, meaning that it scored better
than 39% of all rolling 2 year periods since 1990. The Best rolling 2 Year period
since 1990 returned 132%. The worst returned -60%. The average rolling 2
year period returned 23%.
What is a rolling period?
It's an overlapping period in a data base. For example: In the 2 year period
included in 2000 - 2001, there are 13 complete rolling 12 Month Periods. The
first is January, 2000 - December, 2000. The second is February, 2000 -
January, 2001. The third is March, 2000 - February, 2001 and so on. The last
complete rolling 12 Month Period in the 2000 - 2001 period is January, 2001 -
How is this information useful?
Best and worst case scenarios may be estimated based on historical facts.
Also, the relationship of the periods is sometimes very helpful. Suppose that the
worst rolling 8 year period in the last 50 years returned -30%. Suppose also
that the latest 4 year period has returned -50%. Market psychology at this point
may be one of great fear or possibly even panic. If the market stays flat for 4
more years, it will break the 8 year decline record by a whopping 20%! (-50%
minus -30% equals -20%.) 50 plus year records are not often broken. That
provides reason to hope that the market will recover that 20% over the next 4
years. If it does, then the 8 year loss will be 30%. The longest index histories
are found in the DJIA, FTSE 100 with FT 30, DJTA, DJUA, S&P 500, & NASDAQ
The number of periods in each category for the DAX Stock Index are as follows:
1 Year: 313
2 Year: 301
4 Year: 277
8 Year: 229
16 Year: 133
Dividends are not included.
Updated Wednesday, December 6, 2017.
SignalTrend Inc. 2008 - 2017; All rights reserved.
Monthly close for the DAX Stock Index is plotted in gray. The forecast for the target month is shown in
green. See other links related to this stock index below.
|DAX Stock Index - 5 Year History
DAX Stock Index Forecast
Stock Market Forecast: DAX Stock Index
|DAX Stock Index: Historical Monthly Change|
|Over the last 20 years, certain months have typically performed better than others. The |
average monthly return for each calender month over the last 20 years is shown above.
Dividends are not included.
|DAX Stock Market Index Forecast (Germany)|
|Forecast for the monthly close of the DAX Stock Index for the target|
month indicated. See commentary and 10 year forecast below.