German DAX Index (GDAXI)

QUOTE AND NEWS
The Economic Times  Dec 19  Comment 
A positive start comes courtesy of a very strong finish for US stocks as the US Fed's latest 'patience' statement was digested well
Yahoo  Dec 17  Comment 
Global stocks were mostly lower Wednesday as oil prices tumbled again while investors waited for a U.S. Federal Reserve statement on monetary policy. KEEPING SCORE: In early trading, Germany's DAX shed ...
Clusterstock  Dec 2  Comment 
Germany's DAX just climbed above 10,000 for the first time in nearly six months, ahead of a major ECB decision on monetary policy this Thursday. Here's the scorecard: France's CAC 40: +0.75% Germany's DAX: +0.65% UK's FTSE 100:...
The Economic Times  Dec 1  Comment 
The Paris CAC 40 dropped 0.29 per cent to 4,377.33 points, while in Frankfurt the DAX 30 shed 0.17 per cent to 9,963.51 points.
The Economic Times  Nov 26  Comment 
Gains in stocks were capped by a renewed drop in shares of oil services companies, however, with Norwegian offshore driller Seadrill sinking 16 percent.
Mondo Visione  Nov 26  Comment 
Deutsche Börse today announced that DAX has been licensed to Shanghai-based fund company Fortune SG Fund Management Co. Ltd. to serve as the basis of the first index fund to be developed in China. “DAX is one of the most attractive...




 
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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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