Price vs. Performance Index – Comparison of the Czech PX withthe DAX 30 and the EuroStoxx 50

The Czech PX is – as most of the indices – a price index. Nevertheless, a performance index of the PX is developed as well. This articles analyses risk/return of the PX in comparison to the German DAX 30 and the EuroStoxx 50. Diversification effects as well as the tests onto normal distribution are analyzed. The aim is to give investors concrete hints for the investment in the Czech market.