The DAX (Deutscher Aktienindex (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the Xetra trading venue. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard’s 30 largest German companies in terms of order book volume and market capitalization. It is the equivalent of the FT 30 and the Dow Jones Industrial Average, and because of its small selection it does not necessarily represent the vitality of the economy as whole.
The L-DAX Index is an indicator of the German benchmark DAX index's performance after the Xetra trading venue closes based on the floor trading at the Börse Frankfurt trading venue. The L-DAX Index basis is the "floor" trade (Parketthandel) at the Frankfurt stock exchange; it is computed daily between 09:00 and 17:45 Hours CET. The L/E-DAX index (Late/Early DAX) is calculated from 17:45 to 20:00 CET and from 08:00 to 09:00 CET. The Eurex, a European electronic futures and options exchange based in Zürich, Switzerland with a subsidiary in Frankfurt, Germany, offers options (ODAX) and Futures (FDAX) on the DAX from 08:00 to 22:00 CET.
The Base date for the DAX is 30 December 1987 and it was started from a base value of 1,000. The Xetra technology calculates the index after every 1 second since 1 January 2006.
Versions
The DAX has two versions, called performance index and price index, depending on whether dividends are counted. The performance index, which measures total return, is the more commonly quoted, however the price index is more similar to commonly quoted indexes in other countries.
Price history
On March 16, 2015, the performance index first closed above 12,000. On April 10, 2015, the price index first closed above its closing high from 2000.
Record values
Components
A list of the current DAX companies, as of the quarterly review effective on 20 March 2017.
^Note 1Â : Weightings as at 20 March 2017. Source: de:DAX.
Former DAX components
This table lists former DAX components and the companies which replaced them.
See also
- CDAX, every listed German company
- HDAX, union of DAX, MDAX and TecDAX (successor to DAX 100, and equivalent of the FTSE 100 or the S&P 100)
- MDAX, the top 50 companies after the DAX
- SDAX, the next 50 companies
- TecDAX, top 30 companies trading in the "new economy"
- ÖkoDAX, top 10 companies in renewable energy
References
External links
- Reuters page for .GDAXI
- DAX homepage
- Bloomberg page for DAX:IND
- DAX 30 Profile at Wikinvest
- DAX MOBILE
- DAX on Investing.com Contains real time overview, components, historical data, live charts, technichal analysis and related news.
- Yahoo Finance page for ^GDAXI