欧洲斯托克50指数公司的股东回报:2004 - 2020

Pablo Fernández, Eduardo de Apellániz
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引用次数: 0

摘要

我们计算了2004年至2020年4月期间欧洲斯托克50指数成份股公司的股东回报。我们分析了62家公司:47家在2020年4月进入欧洲斯托克50指数,自2004年12月以来的交易记录;15家在此期间进入欧洲斯托克50指数。在2004年12月至2020年4月30日期间,19家公司的回报率为负,平均年回报率为4.8%。2020年前4个月,6家公司实现了正回报,平均回报率为- 24.4%。在2018年12月至2020年4月30日期间,26家公司实现了正回报,平均回报率为- 3.2%。2004年12月至2020年4月30日的收益率与2004年市值的相关性为-38%。2018年12月至2020年4月30日的回报率与市值的相关性为43%。2004年至2020年4月30日期间,34家公司的股价下跌幅度(包括股息)超过60%,46家公司的股价下跌幅度超过50%,55家公司的股价下跌幅度超过40%。
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Shareholder Return of the Euro Stoxx 50 Companies: 2004 – 2020
We calculate the shareholder returns of the companies in the Euro Stoxx 50 in the period 2004 - April 2020. We analyze 62 companies: 47 that were in the Euro Stoxx 50 in April 2020 and had trading records since December 2004 and 15 companies that had been in the Euro Stoxx 50 in the period. In the period December 2004-April 30, 2020, 19 companies had negative return and the average annual return was 4,8%. In the first four months of 2020, 6 companies had positive return and the average return was -24,4%. In the period December 2018-April 30, 2020, 26 companies had positive return and the average return was -3,2%. The correlation of return (December 2004-April 30, 2020) and Market Cap. in 2004 was -38%. The correlation of return (December 2018-April 30, 2020) and Market Cap. in 2018 was 43%. 34 companies had a price decrease (including dividends received) in the period 2004 – April 30, 2020 higher than 60%, 46 companies higher than 50% and 55 companies higher than 40%.
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