German DAX Index (GDAXI)

QUOTE AND NEWS
newratings.com  Jul 14  Comment 
VIENNA (dpa-AFX) - German shares rallied on Thursday as Theresa May's appointment as Britain's new prime minister eased fears about political uncertainty in the country and investors looked ahead to an interest rate cut from the Bank of...
Mondo Visione  Jul 13  Comment 
On Wednesday, Deutsche Börse announced an unscheduled change to DAX. As a result of the expected merger of Deutsche Börse AG and London Stock Exchange plc, the Deutsche Börse AG current share class (ISIN DE0005810055) in the index will be...
newratings.com  Jul 13  Comment 
VIENNA (dpa-AFX) - German shares traded flat in choppy trade on Wednesday after the Japanese government denied the possibility of using "helicopter money" as a policy option and data out of China showed June exports and imports fell more than...
newratings.com  Jul 12  Comment 
VIENNA (dpa-AFX) - German shares rose sharply on Tuesday, with gains across U.S. and Asian markets as well as Daimler's encouraging quarterly results helping underpin investor sentiment. The removal of political uncertainty in the U.K....
newratings.com  Jul 11  Comment 
VIENNA (dpa-AFX) - German stocks rose on Monday, as upbeat U.S. jobs data allayed worries about the labor market and a major election victory for Japan's ruling LDP-Komeito coalition over the weekend paved the way for more fiscal stimulus....
newratings.com  Jul 8  Comment 
VIENNA (dpa-AFX) - German shares rose notably after Thursday's ADP report showed employment in the U.S. private sector rose more than expected in June, allaying some fears over the weak May nonfarm-payroll report. June's crucial...
newratings.com  Jul 6  Comment 
VIENNA (dpa-AFX) - German stocks fell again on Wednesday as worries over Brexit and the global economy took toll on banking stocks. Sluggish factory orders and construction activity data also dampened investor sentiment. The benchmark DAX was...
newratings.com  Jul 5  Comment 
VIENNA (dpa-AFX) - German shares fell for a second day in a row on Tuesday, as Brexit worries continue to linger and copper eased from a two-month high on concerns over Chinese demand. Oil fell below $50 a barrel on news of increased production...
newratings.com  Jul 4  Comment 
VIENNA (dpa-AFX) - German shares inched lower in lackluster trade on Monday as caution crept in after last week's sharp rally. Eurozone investor confidence fell to its lowest level in more than one-and-a-half years in July, results of the...
newratings.com  Jul 1  Comment 
VIENNA (dpa-AFX) - German stocks extended recent gains on Friday as investors bet on more stimulus from central banks following the Brexit vote. Bank of England Governor Mark Carney said on Thursday the central bank would act in summer to deal...




 
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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki