German DAX Index (GDAXI)

The Economic Times  Oct 18  Comment 
London's benchmark FTSE 100 index climbed 0.6 per cent from Monday's close to 6,988.32 points, while in Frankfurt the DAX 30 added 0.5 per cent to 10,560.14.  Oct 17  Comment 
VIENNA (dpa-AFX) - German shares started the week on a downbeat note, as a cautious mood prevailed ahead of earnings, key Chinese data and the ECB's monetary policy decision later this week. Lower oil prices and mixed Eurozone inflation data...  Oct 11  Comment 
VIENNA (dpa-AFX) - German shares recovered some ground on Tuesday after opening lower earlier in the session on concerns over a rise in global bond yields and a pullback in oil prices in European trade. Investor sentiment improved somewhat after...  Oct 10  Comment 
VIENNA (dpa-AFX) - German shares fell on Monday, as oil prices retreated and Deutsche Bank resumed its slide on uncertainty over its financial health in the wake of a suggested $14-billion settlement with the U.S. Justice Department. The...  Oct 7  Comment 
VIENNA (dpa-AFX) - German shares inched lower on Friday, as concerns over Italian banks and the pound's mysterious flash crash today spurred caution among investors ahead of the all-important U.S. jobs report due out later in the day. It is...  Oct 6  Comment 
VIENNA (dpa-AFX) - German shares are rallying on Tuesday, as soft U.S. data dented hopes of a Fed rate hike in November and investors looked ahead to Thursday's ECB meeting for fresh clues on the time frame of its ¤80 billion monthly...  Oct 6  Comment 
VIENNA (dpa-AFX) - German shares fluctuated on Thursday, even as yields on U.S. and German benchmark bonds eased from two two-week highs and official data showed that German factory orders grew at a faster pace on robust domestic demand in...  Oct 5  Comment 
VIENNA (dpa-AFX) - German shares fell notably on Wednesday, with concerns over Brexit, the outlook for ECB's bond-buying program and hawkish comments from Federal Reserve officials weighing on sentiment. There were reports about the...  Oct 4  Comment 
VIENNA (dpa-AFX) - German shares rose on Tuesday as traders returned to their desks after Monday's public holiday. While easing concerns over Deutsche Bank AG's financial troubles lifted financials, fears over the economic fallout of...  Sep 30  Comment 
VIENNA (dpa-AFX) - German shares fell sharply on Friday, as concerns about the financial health of Deutsche Bank and allegations that Wells Fargo had violated the Servicemembers Civil Relief Act, raised concerns over the systematic risk in the...


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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