DAX

By
rjonesx
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What is ‘DAX’

A stock index that represents 30 of the largest and most liquid German companies that trade on the Frankfurt Exchange. The prices used to calculate the DAX Index come through Xetra, an electronic trading system. A free-float methodology is used to calculate the index weightings along with a measure of average trading volume.

The DAX was created in 1988 with a base index value of 1,000. DAX member companies represent roughly 75% of the aggregate market cap that trades on the Frankfurt Exchange.

Explaining ‘DAX’

In a different twist from most indexes, the DAX is updated with futures prices for the next day, even after the main stock exchange has closed. Changes are made on regular review dates, but index members can be removed if they no longer rank in the top 45 largest companies, or added if they break the top 25.

The vast majority of all shares on the Frankfurt Exchange now trade on the all-electronic Xetra system, with a near-95% adoption rate for the stocks of the 30 DAX members.

Dax FAQ

What does DAX stand for?

Data Analysis Expressions

Which companies are in DAX?

15 organizations have been consistently remembered for DAX since its dispatch on 1 July 1988: Allianz, BASF, Bayer, BMW, Commerzbank, Daimler (beforehand Daimler-Benz), Deutsche Bank, E. ON (beforehand Veba and Viag), Henkel, Linde, Lufthansa, RWE, Siemens, ThyssenKrupp (already Thyssen) and Volkswagen.

What is the DAX doing today?

The FTSE 100 is presently up 0.88%, having added 67.15 to arrive at 7,479.96. The German Dax is up 0.68%, subsequent to climbing 90.25 while the French Cac 40 is up 0.83%, or 48.46 focuses.

What is DAX index stands for?

Deutscher Aktienindex

How do I invest in DAX Index?

Similar to usual index stocks, you can’t put legitimately in the DAX. You can, in any case, put resources into trade exchanged supports that are intended to follow the DAX’s cost. Or then again you can purchase partakes in the organizations that make up the file.

What time does the DAX market close?

The usual exchanging hours for the DAX 30 list are somewhere in the range of 09:00 and 17:30 CET, however Deutsche Börse likewise figures the early DAX (08:00 – 09:00 CET) and late DAX (17:30 – 22:00 CET) for exchanging out-of-hours.

How many companies are listed in Germany?

Recorded homegrown organizations, absolute in Germany was accounted for at 470 out of 2019, as per the World Bank assortment of advancement markers, incorporated from formally perceived sources.

Further Reading

  • Uncovering nonlinear structure in real-time stock-market indexes: the S&P 500, the DAX, the Nikkei 225, and the FTSE-100 – www.tandfonline.com [PDF]
  • The hedging effectiveness of DAX futures – www.tandfonline.com [PDF]
  • Hybrid fuzzy neural network to predict price direction in the German DAX-30 index – journals.vgtu.lt [PDF]
  • The profitability of daily stock market indices trades based on neural network predictions: Case study for the S&P 500, the DAX, the TOPIX and the FTSE in the period … – www.tandfonline.com [PDF]
  • Implications of dividend announcements for the stock prices and trading volumes of DAX companies – ideas.repec.org [PDF]
  • A bat-neural network multi-agent system (BNNMAS) for stock price prediction: Case study of DAX stock price – www.sciencedirect.com [PDF]
  • Put-call parity and the informational efficiency of the German DAX-index options market – www.sciencedirect.com [PDF]
  • DAX index futures: Mispricing and arbitrage in German markets – search.proquest.com [PDF]
  • Option-based forecasts of volatility: an empirical study in the DAX-index options market – www.tandfonline.com [PDF]

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