German DAX Index (GDAXI)

QUOTE AND NEWS
MarketWatch  Apr 17  Comment 
European stocks drop sharply Friday, pulling lower along with other global markets, with traders attributing the moves to a change in Chinese trading rules.
Mondo Visione  Apr 9  Comment 
Deutsche Börse today expanded its DAXplus strategy index offering with the launch of four new ShortDAX and LevDAX indices. The ShortDAX x9 and x10 indices and LevDAX x9 and x10 indices meet the needs of sophisticated market participants, based on...
MarketWatch  Mar 31  Comment 
German stocks soared 22% in the first quarter, not only exceeding the performance of almost any other index in Europe and the U.S., but also marking the strongest quarter since the three months to June 2003.
MarketWatch  Mar 30  Comment 
European stock markets move sharply higher on Monday, boosted by easing hints from China, a slide in the euro and a round of solid economic data.
MarketWatch  Mar 27  Comment 
European stocks log first weekly loss in eight weeks.
Financial Times  Mar 20  Comment 
Aversion to equities raises fears of growing gap between rich and poor
SeekingAlpha  Mar 20  Comment 
Financial Times  Mar 17  Comment 
Nikkei scales 15-year peaks as Shanghai Composite hits seven-year high
Financial Times  Mar 16  Comment 
German equities main beneficiaries of QE
MarketWatch  Mar 16  Comment 
Optimism over the German stock market just won’t stop — the benchmark DAX 30 index on Monday broke above the key 12,000 mark for the first time ever and is on track to log its 26th record close in 2015 so far.




 
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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