2nd October 2019

investopedia
13

How is the DAX index calculated?

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.

Just so, what does the DAX stand for?

The DAX is a stock exchange in Frankfurt, Germany. In German DAX stands for Deutscher Aktien Index (in English: German stock index). It is very much like the Dow Jones Industrial Average in the US, in that 30 companies are in this exchange. They are: Adidas.
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