German DAX Index (GDAXI)

QUOTE AND NEWS
The Economic Times  Jul 30  Comment 
In the eurozone, the CAC 40 in Paris rose 0.58 % to end the day at 5,046.42 points, while Frankfurt's DAX 30 gained 0.40 % to close at 11,257.15 points.
Wall Street Journal  Jul 27  Comment 
Frankfurt’s DAX is expected to open lower following Wall Street’s lower close.
The Economic Times  Jul 13  Comment 
In the eurozone, the CAC 40 in Paris jumped 1.94 percent higher to 4,998.10 points and Frankfurt's DAX 30 climbed 1.49 percent to 11,484.38 points.
MarketWatch  Jun 29  Comment 
German benchmark DAX index suffers worst day since 2011
Yahoo  Jun 29  Comment 
A deepening Greek crisis hit global markets on Monday, with the DAX and CAC falling 3.5 percent and U.S. futures indicating a sharply lower open.
Clusterstock  Jun 28  Comment 
The euro is selling off.  US stock futures are getting crushed.  But perhaps the most serious damage is being done to stock futures in Europe, where markets in Germany, France, the Netherlands, and the UK are all down more than 3%.  Near...
Mondo Visione  Jun 10  Comment 
Since the beginning of the year, the Austrian equity market has registered an increase of almost 20% and thus recorded slightly better performance than the DAX or the Eurostoxx 50. Despite this, the valuation of the ATX is still low from a...
Financial Times  Jun 9  Comment 
Tight link with euro led to pain for investors when currency began tightening
Financial Times  Jun 8  Comment 
Xetra Dax enters correction territory




 
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
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