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German DAX Index (GDAXI)

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Stocks in Europe edge up in early trading, with retail sector in focus
MarketWatch  Oct 15  Comment 
Stocks in Europe edge up in early trading, with retail sector in focus
Retail sector in focus as European markets edge up
MarketWatch  Oct 15  Comment 
European shares extend gains in early trading
MarketWatch  Oct 14  Comment 
European stock markets eked out further gains in early trading Thursday, with mining stocks again among the strongest performers as commodity prices rallied. Among stocks in focus, shares in drug company Roche Holdings dropped around 2% after...
US stocks rose as better-than-estimated results at CSX
FX Street  Oct 14  Comment 
Market Commentary Key Notes: DAX advanced yesterday as we have correctly anticipated. For the day... For more information, read our latest forex news and reports.
Strong gains
Business Times - Malaysia  Oct 13  Comment 
LONDON: European shares hit a three-week closing high yesterday, driven by strong US company results and growing expectations of fresh economic stimulus, with miners topping the risers on hopes of improving raw materials demand. The...




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 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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Advait Pandey

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 is 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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