Market Commentary 19218
April, 2015 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 13275. The table
shows a HDTFA of 2331 which suggests that the May, 2016 DAX could easily
close anywhere between 15606 and 10944. 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?
A primary trend forecast for the U.S. Stock Market is provided free of charge in
this site with a time delay (archived pages). The current (up to date) primary
trend forecast is provided to subscribers only. 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 (April, 2025
close compared to April, 2015 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 and the NASDAQ 100. 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 11966 (March, 2015)
April, 2015 close 11454
Decline From All Time High 4%
10 Year Return 168%
5 Year Low 5502 (September, 2011)
Gain From 5 Year Low 108%
The highest all time monthly close in the DAX Stock Index was 11966 in March,
of 2015. The April, 2015 close was 11454. That's a decline of 512 points or 4%
below the DAX Index all time high. The DAX Stock Index is up 168% over the
last 10 years. It has gained 19% over the last 12 months.
The April close was 511.79 points lower than the March, 2015 close of 11966,
resulting in a 4.28% decline for April.
The 5 year market low for the DAX Index was 5502 in September of 2011. The
April, 2015 close at 11454.38 represents a 108% gain since September, 2011.
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 - 2015: DAX Stock Index
Rolling Period Last / Percentile Best / Average / Worst
1 Year 19% / 58th 79% / 11% / -49%
2 Year 45% / 71st 132% / 24% / -60%
4 Year 52% / 56th 229% / 49% / -50%
8 Year 55% / 43rd 384% / 90% / -34%
16 Year 120% / 17th 401% / 199% / 68%
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, (5/2013 - 4/2015), the DAX Stock Index returned
45%. That period scored in the 71st percentile, meaning that it scored better
than 71% 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 24%.
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: 282
2 Year: 270
4 Year: 246
8 Year: 198
16 Year: 102
Dividends are not included.
SignalTrend Inc. 2008 - 2015; 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 (Germany)|
|Forecast for the monthly close of the DAX |
Stock Index for the target month indicated.
|Updated Wednesday, May 27, 2015.|
|DAX Stock Market Index Forecast
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.