German DAX Index (GDAXI)

QUOTE AND NEWS
MarketWatch  May 9  Comment 
European stocks marched higher Tuesday, with German trade data exceeding expectations and as investors appeared back in the mood to take on more risk in the wake of France’s presidential election.
Automotive World  Apr 12  Comment 
Technology company Continental is expanding the worldwide network of its research and development centers. On Wednesday, the DAX company opened a new location in San José in Silicon Valley, California, U.S.A., where up to 300 experts from all...
SeekingAlpha  Apr 6  Comment 
Mondo Visione  Apr 3  Comment 
Turnover on Deutsche Börse's cash markets totalled €135.7 billion in March, a significant increase on the €120.9 billion seen in the same month of 2016. This increase was largely driven by the daily auctions in Xetra trading, which...
Mondo Visione  Mar 31  Comment 
On Friday, Deutsche Börse announced unscheduled changes to the DAX index. Deutsche Börse AG’s tendered share class (ISIN DE000A2AA253) will be replaced with the prior share class of Deutsche Börse AG (ISIN DE0005810055). The changes are a...
MarketWatch  Mar 30  Comment 
European stocks rise for a third straight day on Thursday, with the German benchmark logging its highest close since April 2015 on the back of a sliding euro.




 
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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