German DAX Index (GDAXI)

QUOTE AND NEWS
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.
The Hindu Business Line  Mar 16  Comment 
European stocks rose on Monday and Germany's DAX hit record highs, extending their recent sharp rally, as investors bet that the weakened euro would boost the region's economy and lift exporter ea...
Clusterstock  Mar 16  Comment 
German stocks just smashed through to a new record level, up 0.81% in early trading Monday, continuing the rapid climb that began just a few months ago. Here it is: The DAX first peeped above 10,000 in June last year, and rose solidly above...
MarketWatch  Mar 16  Comment 
Germany's DAX 30 index jumped to an all-time intra-day high on Monday, climbing above the 12,000 mark for the first time ever. The index briefly touched 12,001.98, but fell back to trade up 0.8% at 11,991.92 at the latest. The German benchmark...
The Hindu Business Line  Mar 13  Comment 
European shares edged up at the open on Friday, setting up Germany’s DAX index for its longest streak of weekly gains since 1998, as traders added to their bets on an economic recovery in Europe.
MarketWatch  Mar 11  Comment 
Weakening euro pushes German DAX to record close
The Economic Times  Feb 23  Comment 
European shares rose on Monday, with Germany's share index hitting a new all-time high and Britain's FTSE trading just below a record peak.
The Economic Times  Feb 16  Comment 
Frankfurt's DAX 30 index slid 0.19 per cent to 10,942.38 and the CAC 40 index in Paris nudged 0.04 per cent lower to 4,757.52 points.




 
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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