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  "documentTitle": "A&M Valuation Insights November 2023",
  "authorId": "AlvarezMarsal",
  "authorName": "A&M",
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  "notes": "Includes two primary charts tracking MRP and VDAX-NEW, plus a secondary chart for CDAX market cap.",
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      "text": "The calculated German market risk premium (MRP) represents investors' current risk appetite based on German capital market data and analyst forecasts.",
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      "kind": "chart",
      "text": "The price for taking the risk of equity investments in Germany",
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      "kind": "disclaimer",
      "text": "1) Fachausschuss für Unternehmensbewertung und Betriebswirtschaft (FAUB) of the German Institute of Chartered Accountants (IDW). 2) The MRP is calculated by relating the market capitalization... 3) Results are subject to information deficiencies.",
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      "text": "Decreasing risk indicators: The implied MRP has steadily decreased since September 2022... Currently the MRP is on the rise again... Market volatility... has remained relatively stable",
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