German DAX Index (GDAXI)

QUOTE AND NEWS
The Economic Times  Jul 25  Comment 
London's benchmark FTSE 100 index slipped 0.44 percent to 6,791.55 points, while in Paris the CAC 40 dropped 1.82 per cent at 4,330.55.
The Economic Times  Jul 22  Comment 
London's benchmark FTSE 100 index closed 0.99 per cent higher at 6,795.34 points, while in Paris the CAC 40 ended the day up 1.50 per cent at 4,369.52.
The Economic Times  Jul 21  Comment 
European stocks fell on Monday, hit by a drop in German stocks as sensitivity to tension in Ukraine mounted.
MarketWatch  Jul 21  Comment 
Russia’s Micex slides 2.7%. Tesco gains as it names a new CEO, even as it warns of more challenging business conditions.
Mondo Visione  Jul 18  Comment 
The DAX index underlies the first exchange-traded fund (ETF) based on a European index that will be available in China. The HuaAn Germany DAX 30 ETF was introduced by HuaAn Asset Management Co. Ltd. on July 14, 2014 and will later be listed on the...
The Economic Times  Jul 15  Comment 
The DAX fell 0.5 per cent to 9,730.14 points, down from its record high of 10,050.98 points in late June.
The Economic Times  Jul 14  Comment 
Financial spreadbetters expected the FTSE 100 to open up 0.1 per cent, the DAX 0.3 per cent and the CAC 40 0.4 per cent.
The Economic Times  Jul 10  Comment 
European shares looked set to follow suit, with Germany's DAX seen rising up to 0.1 per cent, though U.S. stock futures were marginally weaker.
The Economic Times  Jul 9  Comment 
The picture was brighter however in Frankfurt, where the DAX 30 edged 0.36 per cent higher to 9,808.20.
FX Street  Jul 9  Comment 
A ForexTrading.TV Technical Analysis Video Alert for DAX INDEX For more information, read our latest forex news and reports.




 
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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