German DAX Index (GDAXI)

QUOTE AND NEWS
MarketWatch  Sep 9  Comment 
Germany’s DAX 30 index breaks seven-day winning streak on Tuesday, with shares of Deutsche Lufthansa and Munich Reinsurance Company pulling the benchmark lower.
The Economic Times  Aug 26  Comment 
European stock markets ended higher on Tuesday, with Frankfurt's main DAX index adding 0.82 per cent to 9,588.15 points.
The Economic Times  Aug 21  Comment 
The broader European stock market gained, with the FTSEurofirst 300 index of top European shares rising 0.4 per cent to 1,351.63 points.
The Economic Times  Aug 14  Comment 
In Frankfurt, the DAX added 0.29 per cent to 9,225.10, while in Paris the CAC 40 gained 0.25 per cent to 4,205.43 points.
Clusterstock  Aug 14  Comment 
There's a lot of ugly data out this morning, but markets just took off. Here's a chart of Germany's DAX index, whipping from red to green. Other markets are doing similar things, including US futures. There are some quotes out there from...
MarketWatch  Aug 7  Comment 
European stocks hold to losses Thursday after the European Central Bank leaves monetary policy unchanged.
The Economic Times  Aug 5  Comment 
Frankfurt's main DAX index rose 0.39 per cent to end the day at 9,189.74 points, compared with Monday's close.
The Economic Times  Jul 25  Comment 
London's benchmark FTSE 100 index slipped 0.44 percent to 6,791.55 points, while in Paris the CAC 40 dropped 1.82 per cent at 4,330.55.
The Economic Times  Jul 22  Comment 
London's benchmark FTSE 100 index closed 0.99 per cent higher at 6,795.34 points, while in Paris the CAC 40 ended the day up 1.50 per cent at 4,369.52.
MarketWatch  Jul 21  Comment 
Russia’s Micex slides 2.7%. Tesco gains as it names a new CEO, even as it warns of more challenging business conditions.




 
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