German DAX Index (GDAXI)

QUOTE AND NEWS
DailyFinance  Jan 19  Comment 
Filed under: Entertainment, Award Season Kristen Bell is such a pro! While introducing Tyler Perry as the Favorite Humanitarian honoree at the 2017 People's Choice Awards, the Frozen star suffered a teleprompter outage -- and rather than...
DailyFinance  Jan 19  Comment 
Filed under: Entertainment, Award Season Kristen Bell can acknowledge how she and Dax Shepard have grown together as a couple. The Good Place star spoke to ET's Carly Steele on the People's Choice Awards red carpet about her husband of three...
newratings.com  Jan 13  Comment 
VIENNA (dpa-AFX) - German stocks rebounded on Friday as a weaker euro lifted shares of automakers and financials also rallied ahead of a slew of U.S. bank earnings due out later in the day. Fed Chair Janet Yellen's comments on Thursday that...
newratings.com  Jan 11  Comment 
VIENNA (dpa-AFX) - German shares fell in cautious trade Wednesday as investors remained wary of making big bets ahead of U.S. President-elect Donald Trump's press conference later in the day. Trump's proposed tax cuts and spending plans...
newratings.com  Jan 10  Comment 
VIENNA (dpa-AFX) - German shares held mostly steady on Tuesday as oil recovered from overnight losses and data out of China showed the country's producer price index rose at its swiftest pace in more than five years in December, helped by the...
newratings.com  Jan 6  Comment 
VIENNA (dpa-AFX) - German shares inched lower on Friday after economic reports on factory orders and retail sales disappointed investors. German factory orders dropped 2.5 percent in November from October, when orders grew by revised 5 percent,...
newratings.com  Jan 5  Comment 
VIENNA (dpa-AFX) - German shares fell slightly in cautious trade Thursday as investors mulled over the latest minutes from the Federal Reserve meeting. Banking stocks were in focus after Deutsche Bank agreed to pay $95 million to resolve a tax...
newratings.com  Jan 4  Comment 
VIENNA (dpa-AFX) - German shares were slightly lower in choppy trade Wednesday, with automakers declining as the euro recovered from a 14-year low against the dollar. The benchmark DAX was down 3 points or 0.02 percent at 11,581 in opening...
newratings.com  Jan 3  Comment 
VIENNA (dpa-AFX) - German shares opened slightly higher on Tuesday after Chinese factory activity data pointed to continued stabilization and provisional data from Destatis showed German unemployment rate remained stable at adjusted 4.1 percent in...
newratings.com  Jan 2  Comment 
VIENNA (dpa-AFX) - German shares fell slightly in thin trade on the first trading day of the year after U.S. stocks ended 2016 with a whimper on Friday and data out of China showed the pace of growth in China's manufacturing and services...




 
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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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