Berylls Automobility Index – BAX 701. August 2020
Mobilität ist ein Motivator18. August 2020
BERYLLS AUTOMOBILITY INDEX – BAX 70: THE FIRST REAL AUTOMOBILITY STOCK INDEX.
Munich, August 2020 | Topic: Capital Markets
COMBINING AUTOMOBILITY EXPERTISE WITH THE CAPITAL MARKET PERSPECTIVE.
True to our heritage, Berylls developed a stock index that provides an undiluted picture of the automobility industry – the “BAX 70”.
In recent years, many companies in the automobility industry have failed to translate sales volume growth into higher share prices. However, the task of trying to unpack this apparent disconnect is hampered by the fact that no existing index provides a like-for-like comparison of automotive stock companies with their industry peers.
Remember Dieselgate, trade wars etc.? These were some of the reasons behind a downward trend within automobility stocks since the beginning of 2018. First signs of an upswing during the first 2 months of 2020 were foiled by the global COVID 19 pandemic that led to a crash. After plummeting roughly 40%, the BAX 70 just recently reached pre-COVID 19 levels.
BAX 70 contains the 70 most important car manufacturers, suppliers, dealer groups, and mobility service providers worldwide. Closely mirroring relevant capital markets’ movements, the BAX 70 helps to find answers where existing indices fall short. See how the industry is holding up and follow us for more detailed insights.