Empirical Analysis of the CECE Index: Comparison with theEuroStoxx 50 and DAX 30

The CECE is an index that represents the East European market, consisting of blue chips of Hungary, Poland and the Czech Republic. The index is calculated as a Total Return (TR) and Price Index since 2008. We focus on an analysis after the financial crisis and compare the CECE to the DAX 30 and EuroStoxx 50 in tis price- and performance/total return form.