German DAX Index (GDAXI)

QUOTE AND NEWS
newratings.com  Sep 30  Comment 
VIENNA (dpa-AFX) - German shares fell sharply on Friday, as concerns about the financial health of Deutsche Bank and allegations that Wells Fargo had violated the Servicemembers Civil Relief Act, raised concerns over the systematic risk in the...
newratings.com  Sep 29  Comment 
VIENNA (dpa-AFX) - German shares joined a global rally on Thursday after OPEC members came together to support an output reduction deal despite internal conflicts. Investor sentiment remains upbeat despite oil prices declining in...
newratings.com  Sep 28  Comment 
VIENNA (dpa-AFX) - German shares rose sharply on Wednesday, as banks rebounded from recent losses and oil prices stabilized ahead of a closely-watched OPEC meeting in Algeria. Investors shrugged off a closely-watched survey, which showed that...
newratings.com  Sep 27  Comment 
VIENNA (dpa-AFX) - German shares fell in choppy trade on Tuesday, as banks continued their retreat and oil prices lost steam ahead of OPEC meeting on Wednesday in Algiers. The DAX was down 77 points or 0.75 percent at 10,315 in late opening deals...
newratings.com  Sep 26  Comment 
VIENNA (dpa-AFX) - German shares fell sharply on Monday, as caution crept in ahead of an OPEC producers meeting in Algeria and the first U.S. presidential debate for Election 2016. Upbeat German business sentiment data failed to lift investor...
newratings.com  Sep 23  Comment 
VIENNA (dpa-AFX) - German shares drifted lower in cautious trade Friday, as the Fed's decision on interest rates faded, oil prices slipped ahead of next week's Algiers OPEC meeting and Eurozone private sector activity data disappointed...
newratings.com  Sep 22  Comment 
VIENNA (dpa-AFX) - German shares extended Wednesday's gains, as the BOJ's new policy measures and the Federal Reserve's cautious tone about future rate hikes suggested that global central banks will press ahead with loose...
newratings.com  Sep 21  Comment 
VIENNA (dpa-AFX) - German shares rallied on Wednesday, as oil prices climbed ahead of the EIA crude inventory report and the Bank of Japan shifted its main policy target to the yield curve from the monetary base to stoke inflation. Investors...
newratings.com  Sep 19  Comment 
VIENNA (dpa-AFX) - German shares rose on Monday, as oil prices bounced back from multi-week lows and investors looked ahead to the FOMC and BOJ decisions. Meanwhile, investors shrugged off the outcome of local elections in Berlin, which saw the...
newratings.com  Sep 16  Comment 
VIENNA (dpa-AFX) - German shares fell on Friday, as oil prices retreated on concerns about a global supply glut and Deutsche Bank sought to downplay the chances of settling a number of investigations related to mortgage securities. Devoid of...




 
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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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