DAX 30 definition
The DAX is a stock index that represents 30 of the largest German companies traded on the Xetra Frankfurt Stock Exchange. The DAX was made in 1988 with a base index value of 1,000.
The 30 member companies listed in the DAX are responsible for approximately 75% of the value of the Frankfurt stock exchange. The DAX index, the best known German stock exchange barometer, measures the performance of the 30 largest and most liquid companies on the German stock market. It represents around 80 percent of the market capitalization of listed stock corporations in Germany.
What does DAX stand for?
The DAX is the largest stock exchange in Frankfurt, Germany. In German DAX stands for Deutscher Aktien Index (German stock index).
How DAX 30 is calculated?
The index is computed as a weighted average of the value of prices of stocks of the 30 major German stock companies. The DAX index is calculated every second on the basis of Xetra prices, from 9:00 (market opening) until 16.30 in the afternoon (market close).
The values used to calculate the DAX Index come through Xetra, an electronic trading system. A free-float methodology is used to estimate the index weightings along with a measure of average trading volume. All selection indices are calculated as price indices, performance indices, and net return indices. DAX 30 returns the total income of the shareholders.