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.
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.
What does DAX stand for?
Which companies are in DAX?
What is the DAX doing today?
What is DAX index stands for?
How do I invest in DAX Index?
What time does the DAX market close?
How many companies are listed in Germany?
- 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]