German DAX Index (GDAXI)

QUOTE AND NEWS
newratings.com  11 hrs ago  Comment 
VIENNA (dpa-AFX) - German shares rose sharply on Tuesday, with gains across U.S. and Asian markets as well as Daimler's encouraging quarterly results helping underpin investor sentiment. The removal of political uncertainty in the U.K....
newratings.com  Jul 11  Comment 
VIENNA (dpa-AFX) - German stocks rose on Monday, as upbeat U.S. jobs data allayed worries about the labor market and a major election victory for Japan's ruling LDP-Komeito coalition over the weekend paved the way for more fiscal stimulus....
newratings.com  Jul 8  Comment 
VIENNA (dpa-AFX) - German shares rose notably after Thursday's ADP report showed employment in the U.S. private sector rose more than expected in June, allaying some fears over the weak May nonfarm-payroll report. June's crucial...
newratings.com  Jul 6  Comment 
VIENNA (dpa-AFX) - German stocks fell again on Wednesday as worries over Brexit and the global economy took toll on banking stocks. Sluggish factory orders and construction activity data also dampened investor sentiment. The benchmark DAX was...
newratings.com  Jul 5  Comment 
VIENNA (dpa-AFX) - German shares fell for a second day in a row on Tuesday, as Brexit worries continue to linger and copper eased from a two-month high on concerns over Chinese demand. Oil fell below $50 a barrel on news of increased production...
newratings.com  Jul 4  Comment 
VIENNA (dpa-AFX) - German shares inched lower in lackluster trade on Monday as caution crept in after last week's sharp rally. Eurozone investor confidence fell to its lowest level in more than one-and-a-half years in July, results of the...
newratings.com  Jul 1  Comment 
VIENNA (dpa-AFX) - German stocks extended recent gains on Friday as investors bet on more stimulus from central banks following the Brexit vote. Bank of England Governor Mark Carney said on Thursday the central bank would act in summer to deal...
newratings.com  Jun 30  Comment 
VIENNA (dpa-AFX) - German shares fell in choppy trade Thursday after two days of strong gains. That said, stocks recouped some of their initial losses in response to upbeat retail sales, unemployment and Eurozone consumer inflation data. German...
newratings.com  Jun 29  Comment 
VIENNA (dpa-AFX) - German shares traded sharply higher for the second day running Wednesday, with gains in commodity prices and a drop in sovereign bond yields on expectations of fresh stimulus from global central banks helping underpin investor...
newratings.com  Jun 28  Comment 
VIENNA (dpa-AFX) - German shares rallied on Tuesday as oil prices rebounded and central bank chiefs and policymakers around the world tried to calm the jitters over the economic fallout of Britain's vote to leave the European Union. Oil...




 
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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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