German DAX Index (GDAXI)

QUOTE AND NEWS
newratings.com  Sep 15  Comment 
VIENNA (dpa-AFX) - German shares swung between gains and losses on Thursday, as investors fret over the oil price volatility and central banks' willingness to add more monetary stimulus. The Bank of England meets later today, with many...
newratings.com  Sep 14  Comment 
VIENNA (dpa-AFX) - German shares traded slightly higher in choppy trade Wednesday, as crude oil prices rebounded ahead of EIA inventory data and investors looked ahead to Thursday's BOE policy meeting for clues on possible further action....
newratings.com  Sep 13  Comment 
VIENNA (dpa-AFX) - German shares traded slightly higher in choppy trade Tuesday, as worries over an imminent rate hike by the Federal Reserve eased and investors shrugged off disappointing German economic sentiment data. Industry data showed...
newratings.com  Sep 12  Comment 
VIENNA (dpa-AFX) - German stocks tumbled on Monday as fears of a possible U.S. interest-rate increase gripped markets. With recent comments from some Fed officials keeping hopes alive for a September rate hike, the ECB standing pat on monetary...
Financial Times  Sep 11  Comment 
What is the ecommerce chief reading, watching and listening to on the way to work?
newratings.com  Sep 9  Comment 
VIENNA (dpa-AFX) - German stocks fell on Friday, with the ECB's policy inaction, disappointing German trade figures and concerns over geopolitical risks linked to North Korean actions weighing on markets. While the European Central Bank...
newratings.com  Sep 8  Comment 
VIENNA (dpa-AFX) - German shares traded marginally lower in choppy trade Thursday as investors waited to see whether ECB President Mario Draghi will announce an extension of the bond-purchase program at the latest monetary policy meeting later in...
Mondo Visione  Sep 7  Comment 
On Wednesday, Deutsche Börse announced an unscheduled change to the DAX index. Following, the spin-off of Uniper SE from E.ON SE, an adjustment of the DAX index is required. On 12 September, Uniper SE will therefore be included in the DAX...
newratings.com  Sep 7  Comment 
VIENNA (dpa-AFX) - German shares recouped early losses on Wednesday, as investors took weak German industrial output data in their stride and looked ahead to Thursday's ECB meeting for direction. Germany's industrial production fell by...
The Economic Times  Sep 7  Comment 
Frankfurt's DAX 30 rose 0.2 per cent to 10,706.86 points and the Paris CAC 40 also won about 0.2 per cent compared with the close on Tuesday, to open at 4,536.95.




 
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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