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BENCHMARK INDICES

STOXX Balkan Total Market ex Greece & Turkey

Index Description

The STOXX Balkan Total Market Index (TMI) ex Greece & Turkey Index is a regional subset of the STOXX Eastern Europe TMI Index, which covers approximately 95 percent of the free float market capitalisation of the Eastern European region. With a variable number of components, the STOXX Balkan TMI ex Greece & Turkey Index covers Bulgaria, Croatia, Macedonia (FYROM), Romania, Serbia and Slovenia.

Key facts

  • Largest companies in the respective TMI in terms of Free-Float Market capitalization are selected.
  • Only the most liquid stock is considered.

Descriptive Statistics

Index Market Cap (EUR bn) Components (EUR bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX Balkan Total Market ex Greece & Turkey 69.7 27.9 0.5 0.2 4.2 0.0 14.9 0.0 14.6
STOXX Balkan Total Market 423.3 166.1 0.4 0.1 6.3 0.0 3.8 0.0 9.5

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
STOXX Balkan Total Market ex Greece & Turkey 5.5 12.9 40.9 70.4 132.0 N/A N/A 42.1 19.7 18.6
STOXX Balkan Total Market -2.9 12.2 25.4 85.3 114.0 N/A N/A 26.0 23.1 16.6
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Balkan Total Market ex Greece & Turkey N/A N/A 7.1 10.8 13.0 N/A N/A 4.4 1.5 1.3
STOXX Balkan Total Market N/A N/A 20.0 22.4 23.7 N/A N/A 0.9 0.9 0.6
Index to benchmark Correlation Tracking error (%)
STOXX Balkan Total Market ex Greece & Turkey 0.0 0.0 0.0 0.0 0.0 N/A N/A N/A N/A N/A
Index to benchmark Beta Annualized information ratio
STOXX Balkan Total Market ex Greece & Turkey 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(EUR, Net Return), all data as of March 29, 2024

BENCHMARK INDICES

STOXX Balkan Total Market ex Greece & Turkey

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
STOXX Balkan Total Market ex Greece & Turkey 8.8 9.1 8.5 8.5 1.5 6.6 1.0 13.1
STOXX Balkan Total Market 7.2 6.5 7.1 7.1 1.5 2.7 0.9 20.9

Performance and annual returns

Methodology

The STOXX Balkan Total Market Index (TMI) ex Greece & Turkey Index is a regional subset of the STOXX Eastern Europe TMI Index, which covers approximately 95 percent of the free float market capitalisation of the Eastern European region. With a variable number of components, the STOXX Balkan TMI ex Greece & Turkey Index covers Bulgaria, Croatia, Macedonia (FYROM), Romania, Serbia and Slovenia. The detailed methodology including the calculation formula can be found in our rulebook: www.stoxx.com/indices/rulebooks.html

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Net Return EUR CH0042344777 SXBAR SXBAR INDEX .SXBAR
Price EUR CH0042344769 SXBAP SXBAP INDEX .SXBAP
Net Return USD CH0042344785 SXBAV SXBAV INDEX .SXBAV
Price USD CH0042344751 SXBAL SXBAL INDEX .SXBAL

Quick Facts

Weighting Free-float market cap
Cap Factor 10% (EU Enlarged 15: 15%; Eastern Europe 50: the weight of each country is additionally capped at 50%)
No. of components Fixed, number of stocks indicated in index name
Review frequency Quarterly
Calculation/distribution End of day
Calculation hours 18:00:00 18:00:00
Base value/base date 100 as of December. 31, 2004
History Available from Dec. 31, 2004
Inception date October. 07, 2008
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://qontigo.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

BENCHMARK INDICES

STOXX Balkan Total Market ex Greece & Turkey

Top 10 Components4

Company Supersector Country Weight
BCA TRANSILVANIA Banks Romania 14.934%
KRKA Health Care Slovenia 11.761%
SCTEA.DE PRODUCERE A ENERGIEI HIDROCENTR Utilities Romania 8.500%
OMV PETROM Energy Romania 8.473%
NOVA LJUBLJANSKA BANK DD NPV Banks Slovenia 5.888%
ROMGAZ S A Energy Romania 4.652%
BRD-GRP SOCIETE GENERALE Banks Romania 4.304%
HRVATSKI TELEKOM Telecommunications Croatia 3.925%
PETROL D.D. Energy Slovenia 3.147%
PODRAVKA PREHRAMBENA IND. Food, Beverage and Tobacco Croatia 2.865%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of March 29, 2024

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.