German DAX Index (GDAXI)

The Economic Times  Oct 24  Comment 
Frankfurt's DAX 30 lost 0.43 per cent to 9,008.60 points and in Paris the CAC 40 dropped 0.47 per cent to 4,137.92.
Mondo Visione  Oct 23  Comment 
Deutsche Börse today announced the DAX Index has been licensed to Recon Capital Partners to underlie an exchange-traded fund (ETF) in the U.S. The Recon Capital DAX Germany ETF is available today on Nasdaq. “Germany continues to be among the...
Mondo Visione  Oct 22  Comment 
Nasdaq today announced that Recon Capital will list a new exchange traded fund, The Recon Capital DAX Germany ETF (Symbol: DAX), on The Nasdaq Stock Market. DAX will begin trading on Nasdaq Thursday, October 23, 2014. "We are giving U.S....
MarketWatch  Oct 20  Comment 
European stock markets move lower on Monday, as the late-week rally from Friday ran out of steam.
Times Online  Oct 13  Comment 
The bears are growling loudly. The sharp declines in European stock markets have been quick and brutal. The Dax, the...
Wall Street Journal  Oct 10  Comment 
Global equity markets are in turmoil, and Germany is feeling the strain. Frankfurt’s DAX index slid 2.4% Friday to a one-year low of 8788.81.  Oct 8  Comment 
BRUSSELS (dpa-AFX) - European stocks fell further Wednesday, extending steep recent losses amid mounting concerns about the global economy. Stocks ran higher earlier this year despite headwinds in Europe and elsewhere, but traders have grown...
MarketWatch  Oct 8  Comment 
German stocks continue to fall after lackluster economic data, with the DAX 30 index closing at its lowest level since late October last year.


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


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.


As of March 2009, the DAX lists the following companies[5]:


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