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German DAX Index (GDAXI)

QUOTE AND NEWS
European stocks wobble ahead of U.S. jobs data
MarketWatch  Jun 7  Comment 
European stock markets struggled for direction in early action on Friday, as investors cautiously stayed on the sidelines ahead of the much anticipated nonfarm payrolls report from the U.S. to gauge if the labor market is improving. The Stoxx...
German Stocks Little Changed Before U.S. Payrolls Data
Bloomberg  Jun 7  Comment 
Dax June contract
FX Street  Jun 7  Comment 
SUPPORT: 8122 8100 8089 8027.5 7980.5 7922 7874 7835 7815/12 7753 RESISTANCE: 8164 8198.5 8222.5pp... For more information, read our latest forex news and reports.
E-Mini S&P, Dax, Eurostoxx, FTSE 100
FX Street  Jun 7  Comment 
Daily Forecast - 07 June 2013 E-Mini S&P June contract S&P broke 1605/04 to hit the next... For more information, read our latest forex news and reports.
European stocks stay in deep red after ADP report
MarketWatch  Jun 5  Comment 
European stock markets held on to sharp losses in afternoon action on Wednesday, after the ADP jobs report from the U.S. showed the economy added 135,000 private-sector jobs in May. Investors are currently paying close attention to U.S. data,...
Markets Are Weakening
Clusterstock  Jun 4  Comment 
Things started out stronger, but as the morning has gone on, markets are weakening. Japan had a big rally night, and by and large in Europe, things are still green, but markets are off their highs of the day. In the US, futures have turned...
European stocks recover as banks rally
MarketWatch  Jun 4  Comment 
European stock markets recovered from sharp losses in early action on Tuesday, with investors taking inspiration from a rally in the U.S. and overnight gains in Asia. The Stoxx Europe 600 index jumped 0.7% to 300.76, after closing down 0.8% on...
European stocks slump after China PMI data
MarketWatch  Jun 3  Comment 
European stock markets opened with broad-based losses on Monday, after a data release on Chinese manufacturing showed the sector contracted more than initially estimated in May. The final version of HSBC's Purchasing Managers' Index fell to 49.2...




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 This article describes an index that measures the performance of an exchange, industry or a geographic region. View articles referencing this index.
 
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The Deutscher Aktien Index, or DAX 30 for short, is the blue chip market index for the Frankfurt Stock Exchange. It follows the top 30 german stocks on the electronic Xetra system that is used on the exchange.

Weighting and Calculation

The DAX indices are all calculated using capitalization weighted index using the total return Laspeyres index for calculations[1].

DAX Indices are weighted by shares.

  • The formula is:

Current index = Current total market cap of constituents × Previous Value / Previous Period

In comparison, the Shanghai SSE indices use the Paasche weighted composite price index formula[2]. This means that the index bases its calculations on its previous period for its calculations as compared to the Shanghai Composite Index, which bases it on the base period.

The Base date for the index is 30 December, 1987 and it was started from a base value of 1,000. The Xetra system calculates the index after every 1 minute.[3]

For more information, go to how stock indices work

Selection

The index sample of the DAX is selected according to the following six criteria[4]:

  • generally a company needs to be listed for at least three years prior to the inclusion of its stock in the DAX;
  • the free-floating capital must at least reach 15%;
  • turnover;
  • market capitalization;
  • availability of early opening prices, and
  • branch representativeness for the German economy.

Composition

As of March 2009, the DAX lists the following companies[5]:

Contents

References

  1. ↑ DAX Calculations
  2. ↑ Paasche and Laspeyres price indices
  3. ↑ DAX description
  4. ↑ DAX Description
  5. ↑ DAX Constituents
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