German DAX Index (GDAXI)

QUOTE AND NEWS
The Economic Times  Apr 3  Comment 
The pan-European STOXX 600 fell 0.7 per cent, while Germany's DAX declined 0.8 per cent.
Financial Times  Mar 27  Comment 
Global footprint leaves many companies on the Dax vulnerable to protectionism
MarketWatch  Mar 21  Comment 
A bearish chart pattern known as a “death cross” has appeared this week in the charts for two major equity benchmarks — Germany’s DAX and the Stoxx Europe 600.
Financial Times  Mar 19  Comment 
Rare technical indicator points to increased selling pressure on trade war concerns
MarketWatch  Mar 16  Comment 
Germany's DAX 30 index opened 0.4% higher at 12,395.55 in a delayed start on Friday, after failing to kick off trade at the usual time. Trading was delayed due to a connectivity issue, with prevented stable access for market participants to the...
MarketWatch  Mar 13  Comment 
European stocks snap a six-session win streak Tuesday, as the euro and the U.K. pound leapt against the U.S. dollar on easing concerns that the Federal Reserve will raise borrowing rates by more than anticipated this year.
MarketWatch  Mar 12  Comment 
European stocks notch a sixth consecutive win Monday, closing higher along with other global markets after the U.S. jobs report highlights the health of the world’s largest economy.




 
TOP CONTRIBUTORS

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]:

References

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