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Beginning today, Boerse Stuttgart, Europe’s leading exchange for investment and leverage products, will be offering investors an extended version of the Euwax Sentiment Index. The new intraday chart will now be updated every minute in response to many requests from retail investors, for whose investment behaviour an ongoing, intraday version of the index is of real value. Boerse Stuttgart’s retail investor index offers a scientifically based picture of the investment behaviour of retail investors and provides an important aid in decision-making.
“In just a short time, Euwax Sentiment has proven to be a popular information tool among retail investors for their market assessments,” notes Christoph Lammersdorf, CEO of Boerse Stuttgart Holding GmbH. “We took the decision to extend the scope of the index as a result of the very positive feedback we received from the market and from investors.”
The Euwax Sentiment Index reflects the market estimation of retail investors within a single day on a scale from minus 100 to plus 100. The more positive the figure, the more strongly investors believe markets are rising. Equally, a negative figure suggests investors expect prices to fall. “The intraday picture provided by the Euwax Sentiment Index is particularly helpful to investors with a very short-term horizon as it allows them to analyse market sentiment in real time and take it into account in their trading decisions,” says Matthias Burghardt, Head of the Euwax Sentiment project.
Index values are calculated by Boerse Stuttgart on the basis of all near-market orders executed within the last thirty minutes but including at least ten percent of all the orders executed on the day. This ensures that the index is not only able to react to short-term sentiment fluctuations but also reflects the behaviour of a representative number of retail investors. The Euwax Sentiment Index is updated every minute and published on the website of Boerse Stuttgart at www.boerse-stuttgart.de/euwax-sentiment.
In addition to the intraday chart, investors will still be able to view the 3-month and 12-month progress charts for the Euwax Sentiment retail investor index. At present, the index is mainly hovering between minus 30 and zero. Given the huge upward movements in the market over recent weeks, it appears that short-term investors on Euwax are becoming more sceptical. The index currently reflects a growing number of put buys. The trend therefore shows the majority of market participants behaving in the expectation of falling prices.
