German DAX Index (GDAXI)

QUOTE AND NEWS
Mondo Visione  Nov 30  Comment 
Deutsche Börse is launching five net return indices thus adding a new calculation version to its DAX family. Deutsche Börse's selection indices were previously calculated as performance and price indices, now, the DAX Net Return (ISIN...
newratings.com  Nov 24  Comment 
VIENNA (dpa-AFX) - German shares held steady in early trade Friday after the Dow Jones industrial average and S&P 500 closed at record highs for a third straight day on Wednesday on the back of upbeat U.S. data and minutes of the Federal...
newratings.com  Nov 23  Comment 
VIENNA (dpa-AFX) - German shares fluctuated in early trade Wednesday as financials drifted lower ahead of Italy's crucial referendum next weekend. Investors also digested flash survey data from IHS Markit, which showed that German private...
newratings.com  Nov 22  Comment 
VIENNA (dpa-AFX) - German shares rose in early trade Tuesday, with rising oil and metals prices as well as continued optimism about Donald Trump's presidency supporting underlying sentiment on a light day on the economic front. Marketmen...
newratings.com  Nov 18  Comment 
VIENNA (dpa-AFX) - German shares inched higher in early trading Friday as upbeat U.S. data buoyed the dollar and Volkswagen said it would cut 30,000 jobs by 2021 as part of a sweeping restructuring of its embattled VW passenger car brand. The...
newratings.com  Nov 17  Comment 
VIENNA (dpa-AFX) - German shares inched lower in cautious trade Thursday, as the Donald Trump rally faded, oil extended overnight losses and investors started discounting a December Fed interest rate hike. Investors eagerly await the minutes from...
newratings.com  Nov 16  Comment 
VIENNA (dpa-AFX) - German stocks traded marginally lower in early trade Wednesday as the dollar rally paused and Bayer unveiled fundraising plans to help finance the $66 billion Monsanto deal. The benchmark DAX was up 11 points or 0.11 percent at...
newratings.com  Nov 15  Comment 
VIENNA (dpa-AFX) - German shares gave up early gains to slip into the red on Tuesday as the dollar rally paused and German GDP data disappointed investors. Rallying oil prices in European trade helped to limit the downside to some extent. The...
newratings.com  Nov 14  Comment 
VIENNA (dpa-AFX) - German shares are rallying on Monday, as bond yields continued to rise and the dollar strengthened on expectations of increased fiscal spending and higher U.S. interest rates under Donald Trump's presidency. The benchmark...
newratings.com  Nov 11  Comment 
VIENNA (dpa-AFX) - German stocks inched higher on Friday, although stocks are now off their day's highs on uncertainty over President-elect Donald Trump's positions on a range of domestic and foreign policy issues. Financials are on...




 
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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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