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German DAX Index (GDAXI)

QUOTE AND NEWS
Europe stocks mover lower after U.S. data
MarketWatch  8 hrs ago  Comment 
European stock markets traded lower in afternoon action on Thursday, after U.S. data showed jobless claims climbed more than expected last week and housing starts dropped to a lower level than forecast. Initial jobless claims jumped by 32,000 to...
FTSE, Dax and Eurostoxx
FX Street  May 16  Comment 
Dax June contract SUPPORT: 8346.5pp 8315 8257 8225/17.5 8162.5 8138.5 8106 8089 8029 7980.5... For more information, read our latest forex news and reports.
Germany's DAX notches latest record as European markets put in multiyear highs
MarketWatch  May 14  Comment 
Germany's DAX notches latest record as European markets put in multiyear highs
John Taylor says the Aussie is a bubble, Time to buy?
FX Street  May 13  Comment 
Stocks went nowhere overnight with the DAX unable to push on from its new all time high last week... For more information, read our latest forex news and reports.
Europe stocks trim losses after U.S. retail data
MarketWatch  May 13  Comment 
European stock markets trimmed losses in afternoon action on Monday, after data showed a surprise rise in U.S. retail sales in April. Retail sales rose 0.1%, beating analysts' expectations of a 0.6% decline. The Stoxx Europe 600 index was off...
FTSE, Dax and Eurostoxx
FX Street  May 13  Comment 
Dax June contract SUPPORT: 8257 8225 8162.5 8138.5 8106 8089 8024 7980.5 7922 7874 RESISTANCE:... For more information, read our latest forex news and reports.
Germany's DAX Hits Fresh High
Wall Street Journal  May 10  Comment 
Most European stock markets hit 2013 records, extending gains into a fourth straight day, as German stocks climbed to an all-time high after upbeat trade data raised hopes Europe's largest economy is picking up.
FTSE, Dax and Eurostoxx
FX Street  May 10  Comment 
Dax June contract SUPPORT: 8227 8190 8162.5 8124 8106 8089 8024 7980.5 7922 7874 RESISTANCE: 8270... For more information, read our latest forex news and reports.
DAX Keeps Record Alive
Wall Street Journal  May 9  Comment 
Stocks in Germany barely extended their record climb into a third session, while the overall European market was tepid as investors assessed the recent rally against clashing signals.




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more ▼WIKI ANALYSIS
 This article describes an index that measures the performance of an exchange, industry or a geographic region. View articles referencing this index.
 
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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]:

Contents

References

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