German DAX Index (GDAXI)

Mondo Visione  Sep 30  Comment 
Eurex Exchange, the international derivatives market of Deutsche Börse Group, will launch a new equity index contract on 28 October 2015. The Mini DAX Futures will be offered in addition to the existing DAX Futures (FDAX). Its key distinguishing...
SeekingAlpha  Sep 30  Comment 
MarketWatch  Sep 23  Comment 
Pain for the automobile sector in the wake of Volkswagen’s emissions scandal doesn’t bode well for Germany’s blue-chips benchmark, with Société Générale warning investors to keep their distance from the DAX.  Sep 21  Comment 
BRUSSELS (dpa-AFX) - The European markets were mostly in positive territory on Monday, thanks partly to bargain-hunting, despite weak cues from Asia, even as investors continued to be concerned about global growth. In Greece, left-wing Syriza...
The Economic Times  Sep 11  Comment 
Britain's FTSE 100 was down 0.2 percent at 6,139 points, Germany's DAX was down 0.5 percent at 10,161 points and France's CAC 40 was off 0.3 percent at 4,582 points.
The Economic Times  Sep 8  Comment 
At 0711 GMT, the pan-European FTSEurofirst 300 index was up 1.0 per cent at 1,413.52 points, while the DAX was up 1.2 per cent.
The Hindu Business Line  Sep 8  Comment 
European equities climbed higher on Tuesday, with Germany's benchmark DAX share index outperforming the broader stock market after a strong set of German trade data. At 0711 GMT, the pan-...


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


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.


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


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