German DAX Index (GDAXI)

Wall Street Journal  Sep 26  Comment 
Hit by a slump in the shares of Allianz—of which Pimco is a unit—on news of Bill Gross's departure, the DAX was the only major European index to end the week down.
The Economic Times  Sep 19  Comment 
In Paris, the CAC 40 slipped 0.08% to 4,461.22 points, while Frankfurt's DAX index ended unchanged, edging up 0.01% to 9,799.26 points.
MarketWatch  Sep 9  Comment 
Germany’s DAX 30 index breaks seven-day winning streak on Tuesday, with shares of Deutsche Lufthansa and Munich Reinsurance Company pulling the benchmark lower.
The Economic Times  Aug 26  Comment 
European stock markets ended higher on Tuesday, with Frankfurt's main DAX index adding 0.82 per cent to 9,588.15 points.
The Economic Times  Aug 21  Comment 
The broader European stock market gained, with the FTSEurofirst 300 index of top European shares rising 0.4 per cent to 1,351.63 points.
The Economic Times  Aug 14  Comment 
In Frankfurt, the DAX added 0.29 per cent to 9,225.10, while in Paris the CAC 40 gained 0.25 per cent to 4,205.43 points.
Clusterstock  Aug 14  Comment 
There's a lot of ugly data out this morning, but markets just took off. Here's a chart of Germany's DAX index, whipping from red to green. Other markets are doing similar things, including US futures. There are some quotes out there from...
MarketWatch  Aug 7  Comment 
European stocks hold to losses Thursday after the European Central Bank leaves monetary policy unchanged.
The Economic Times  Aug 5  Comment 
Frankfurt's main DAX index rose 0.39 per cent to end the day at 9,189.74 points, compared with Monday's close.
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 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


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.


As of March 2009, the DAX lists the following companies[5]:


  1. DAX Calculations
  2. Paasche and Laspeyres price indices
  3. DAX description
  4. DAX Description
  5. DAX Constituents
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