AEX, DAX, CAC correlation

Aex Cac Dax

AEX, DAX, CAC correlation

It is still a common belief that the AEX follows the DAX. As I have been saying for years now, this is not the case. The AEX follows the CAC much closer than the DAX.

The AEX might have followed the DAX better in the pre-Euro era, since the Guilder was pegged to the DeutchMark, (but I haven’t checked), but clearly since the Euro, the AEX follows the CAC. See chart.

Just sayin’ ;)

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