The All Ordinaries Index, also referred to as the All Ords, is one of the most widely used benchmarks for monitoring the performance of the Australian stock market. Historical data on the All Ords offers priceless insights into long-term market trends, investment behavior, and economic cycles to analysts, economists, and investors alike.
What is the All Ordinaries Index?
The All Ordinaries Index, established in 1980, is Australia’s oldest stock market index. It tracks the performance of the largest 500 companies listed on the Australian Securities Exchange (ASX) based on market capitalization.
While it is not a “total market index” (it excludes smaller and newer firms), it still captures a substantial portion of the ASX and serves as a solid indicator of the overall health and trends of the Australian equity market.
Why Historical Data Matters
Historical data serves multiple purposes:
- Trend Analysis: By studying past performance, investors can identify bull and bear markets, sector rotations, and long-term investment cycles.
- Risk Assessment: Looking at how the All Ords has responded to major economic events—like the Global Financial Crisis or COVID-19—helps investors understand market volatility and resilience.
- Backtesting Strategies: Traders and fund managers use historical data to test the performance of investment strategies under various market conditions.
Milestones in All Ords History
Here are a few key points in the history of the All Ords:
- 1980: Index launched with a base of 500 points.
- 1987: Black Monday crash—major drop in Australian equities, mirroring global markets.
- 2007: Reached a high of over 6,800 before the Global Financial Crisis.
- 2009: Dropped sharply during the GFC, hitting lows around 3,100.
- 2020: COVID-19 caused a rapid selloff; index dropped over 30% in weeks.
- 2021–2023: Recovery and volatility as markets responded to interest rates, inflation, and global economic uncertainty.
How to Access All Ords Historical Data
There are several reputable sources for accessing historical All Ordinaries data:
- ASX Website: Provides index performance and historical charts.
- Yahoo Finance: Offers downloadable data (daily, weekly, monthly) going back several decades.
- TradingView or MarketIndex.com.au: Great for visual charting and analysis.
- Financial News Sites: Outlets like AFR (Australian Financial Review) provide analysis on movements and trends.
You can typically download data in CSV format, which can then be analyzed in Excel, Python, or any other data tool.
Key Metrics to Analyze
When reviewing historical All Ords data, look at:
- Closing Prices: Daily or monthly closes to gauge market direction.
- Volume: Helps understand investor interest and conviction.
- Moving Averages: Identify trends and turning points.
- Dividend Yields: Particularly relevant for long-term investors.
- Volatility: Indicates market stability or turbulence.