German DAX Index (GDAXI)

QUOTE AND NEWS
The Economic Times  Aug 23  Comment 
Continental fell a further 2.8 per cent, bottom of the DAX, taking its losses to 15 per cent since Wednesday's open.
MarketWatch  Aug 9  Comment 
European stocks end Thursday trading modestly higher after struggling during the session, as investors attempt to dispel trade-war angst between the U.S. and China and as shares of financials and the pharmaceutical companies weighed on the broader...
Financial Times  Jul 10  Comment 
Rising oil price and weaker pound provide a boost for London’s FTSE 100
The Economic Times  Jun 26  Comment 
Germany's exporter-heavy DAX, which has been the most sensitive to trade tensions, managed a 0.4 per cent gain.
Yahoo  Jun 8  Comment 
The DAX fell during the trading session on Thursday, losing about 0.7% during the day, but remains well within the consolidation area that we have been trading in over the last couple of days. I think that there is plenty of support underneath, so...
MarketWatch  Apr 25  Comment 
European stocks end lower Wednesday in the wake of a selloff on Wall Street where equities were spoked by rising bond yields.
Insurance Journal  Apr 20  Comment 
Denver, Colo.-based Valen Analytics has named Kirstin Marr president of the firm. Dax Craig, who was Valen’s president and CEO since co-founding the company in 2004, will remain with Valen in an advisory role. Marr lead growth and marketing...
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




 
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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