DAX Stock Index: Definition and Member Companies (2024)

FAQs

How many companies are in the DAX index? ›

DAX Futures Symbol

The DAX Index refers to the Deutsche Aktienindex, a stock market index comprising 40 major German blue-chip companies.

The calculation formula of DAX ® is based on the work of the mathematician Étienne Laspeyres and uses values for the prices of the companies at the current calculation date, the closing prices of the considered companies on the trading day before the first inclusion in an index of the stock exchange, the freely ...

Based on market capitalization, the five biggest German companies listed in the DAX 30 are Bayer (BAYN), Daimler (DAI), Siemens (SIE), Allianz (ALV) and BASF (BAS). The development in the DAX is often seen as an indicator for the development of the German economy.

The DAX is calculated using a free-float methodology, weighted by market cap. This means that it only takes readily available shares into account, disregarding any that can't be traded. And that companies with larger market capitalisations will have a greater impact on its price.

The CRSP U.S. Total Market index is a well-known indicator of the performance of the US stock market as a whole. It includes almost 4000 companies across mega, large, small and micro capitalizations and covers nearly 100% of the US investable equity market.

DAX is a formula language. You can use DAX to define custom calculations for Calculated Columns and for Measures (also known as calculated fields). DAX includes some of the functions used in Excel formulas, and additional functions designed to work with relational data and perform dynamic aggregation.

The DAX (Deutscher Aktien Index) is a stock index based out of Germany that represents the 30 biggest German companies that trade on the Frankfurt Exchange. The index value is calculated every second based on Xetra technology.

The DAX is calculated by weighing all its 40 listed stocks by market capitalisation. This means that bigger companies with a higher market capitalisation, such as Bayer or Adidas or Volkswagen, will be weighted more 'heavily' than smaller companies and will have a larger effect on the index's overall price.

With its two marketplaces, the Frankfurt Stock Exchange is the most important German trading centre for securities. 1.5 million securities of German and international providers are traded on the largest German stock exchange.

The best time to trade GER30 for South African traders often overlaps with the opening hours of the Frankfurt Stock Exchange and the London Stock Exchange. The overlap occurs between 9:00 AM and 11:00 AM SAST when both markets are active.

What is the yield of the DAX index? ›

DAX Dividend Information

DAX has a dividend yield of 2.42% and paid $0.76 per share in the past year.

The selection of index components is based on free float market capitalization. The index weighting of an individual share is capped at 15%.

The S&P 500 is an index that tracks the stock market's performance based on the share price fluctuations of 500 of the largest companies in the United States.

The Dow 30 is a stock index comprised of 30 large, publicly-traded U.S. companies that acts as a barometer of the U.S. stock market and economy. A constituent is a single stock or company that is part of a larger index such as the S&P 500 or Dow Jones Industrial Average.

The S&P 500—the Standard & Poor's 500 Index—is considered to be one of the best measures of U.S. stock market performance, tracking 500 of the largest and most stable publicly traded companies in the country.

The Russell 3000 Index measures the performance of 3,000 stocks and includes all large-cap, mid-cap and small-cap US equities, along with some microcap stocks. The index is designed to represent approximately 98% of investable US equities by market capitalization.