The German DAX (Deutscher Aktien Index)

The German stock market index (GER30) was introduced under "DAX" in 1988. DAX includes the 30 largest companies listed on the Frankfurt Stock Exchange. The DAX (Deutscher Aktien Index) is a blue chip stock market index. In order for a company to be included in the DAX, it has to have a free float of 10%, to be highly liquid, it has to be traded continuously in Xetra, and it has to maintain a registered office in Germany.

The DAX30 works as a performance index, meaning that the dividends of the listed companies are accounted as reinvested capital. The performance of the DAX can be seen as a key indicator for the development of the German and the European economy.

DAX30 Key Points

  1. The trading hours for the DAX take place from 9:00 a.m. to 5:30 p.m. CET
  2. The base value for the DAX is 1,000, and the base date is 30 December 1987
  3. The German Xetra technology calculates the index after every 1 second since the start of 2006
  4. The Weighting method for the DAX is the Capitalization Weighted
  5. The 30 companies of the DAX30 account for approximately 75% of the total value on the Frankfurt stock exchange

As a CFD asset, DAX30 is characterized by large and dynamic swings on both directions. The performance of the DAX30 is generally aligned with the American Markets.


DAX Options & Futures

» Dax Put and Call Options (Eurex)

» Put / Call Options Ratio

 

DAX MACROECONOMIC UPCOMING NEWS

» News Calendar

 

DAX Volatility

» Dax Volatility Overview

 

Correlations with the Money Markets

» Germany Generic Govt 10Y Yield

» European CDS

» Euribor Live Rates

 

Correlations with the Forex Markets

Two important correlations with the Forex Markets. The first is with the US Dollar Index (USDX) and the second with USDJPY.

» The USDX Index (US Dollar Index)

USDJPY


 

Composition of DAX

Rank Company Symbol Weight (%) Rank Company Symbol Weight (%)
1 Adidas ADS 2.04 16 Fresenius FRE 1.63
2 Allianz » ALV 6.66 17 Fresenius Medical Care FME 2.16
3 BASF » BAS 9.62 18 HeidelbergCement HEI 0.86
4 Bayer » BAYN 7.55 19 Henkel HEN3 1.53
5 Beiersdorf BEI 0.86 20 Infineon Technologies IFX 1.27
6 BMW BMW 3.26 21 K+S SDF 1.18
7 Commerzbank CBK 1.01 22 Lanxess LXS 0.73
8 Continental CON 0.79 23 Linde LIN 3.81
9 Daimler » DAI 5.77 24 Merck MRK 0.97
10 Deutsche Bank » DBK 5.05 25 Munich Re MUV2 2.92
11 Deutsche Börse DB1 1.47 26 RWE RWE 2.19
12 Deutsche Lufthansa LHA 0.83 27 SAP » SAP 7.7
13 Deutsche Post DPW 1.9 28 Siemens » SIE 9.96
14 Deutsche Telekom » DTE 5.38 29 ThyssenKrupp TKA 1.33
15 E.ON » EOAN 6.24 30 Volkswagen Group VOW3 3.36


DAX 

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