German DAX Index (GDAXI)

QUOTE AND NEWS
newratings.com  47 min ago  Comment 
VIENNA (dpa-AFX) - German shares nosedived on Friday as results from the U.K.'s referendum on its European Union membership surprised investors who were expecting a Remain vote. With 52 percent Britons voting to leave the EU, U.K. Prime...
newratings.com  Jun 23  Comment 
VIENNA (dpa-AFX) - German shares rose sharply on Thursday, with firmer copper and oil prices as well as expectations of a victory for the "Remain" camp in the historic European Union referendum, helping underpin investor sentiment. London copper...
newratings.com  Jun 22  Comment 
VIENNA (dpa-AFX) - German shares eked out modest gains on Wednesday as investors veered around to the view that Britons will vote on Thursday to stay in the European Union. Fed Chair Janet Yellen's optimistic update on the U.S. economy and...
newratings.com  Jun 20  Comment 
VIENNA (dpa-AFX) - German stocks rallied on Monday as the first opinion polls on the EU referendum since the killing of lawmaker Jo Cox showed support for Britain staying in the European Union. A retreat in safe-haven assets and currencies like...
newratings.com  Jun 16  Comment 
VIENNA (dpa-AFX) - German shares fell again on Thursday, as declining oil prices and policy inaction by central banks in the U.S.,Japan and Switzerland added to concerns over slowing growth. Britain's pound sterling fell against both the...
newratings.com  Jun 15  Comment 
VIENNA (dpa-AFX) - German shares rallied on Wednesday as expectations of a relatively dovish message from the Federal Reserve helped investors put worries about next week's British referendum on the back burner, at least for the time being....
newratings.com  Jun 14  Comment 
VIENNA (dpa-AFX) - German shares extended recent losses on Tuesday as risk-off sentiment continues to haunt investors. Two ICM polls, one online and one conducted by telephone, showed on Monday that Britain appears poised to leave the European...
newratings.com  Jun 14  Comment 
VIENNA (dpa-AFX) - German shares erased early losses to edge higher on Tuesday after industry data showed German economic sentiment unexpectedly jumped in June, bolstering investor confidence in the strength of Europe's largest economy. The...
newratings.com  Jun 13  Comment 
VIENNA (dpa-AFX) - German shares tumbled on Monday, tracking losses on Wall Street Friday and steep losses across Asia, after a slew of polls showed that a so-called Brexit is a real possibility. While risk assets took a hammering before...
newratings.com  Jun 10  Comment 
VIENNA (dpa-AFX) - German shares fell sharply once again on Friday, as a stronger dollar put pressure on commodities such as copper and crude oil, and financials succumbed to a bout of selling on worries about the uncertainties of a Brexit and...




 
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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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