What is the DAX stock index? What components does it cover?

What is Forexthe DAX Stock Index (Deutscher Aktien Index)?

The DAX stock index is a German stock index that represents 40 major companies listed on the Frankfurt Stock Exchange with significant market value and liquidity. It is one of the most important stock indices in Germany and serves as a crucial reference for international investors to gauge the overall performance of the German stock market.

How is the DAX Stock Index Calculated?

The price data for the DAX index is sourced from the electronic trading system Xetra, an electronic trading platform of the German Stock Exchange. The index is calculated using a free-float market capitalization-weighted method, combined with an average trading volume indicator. Free-float market capitalization refers to the company's market value minus its own shares, providing a more accurate reflection of the company's actual market value and influence.

What are the Constituent Stocks of the DAX Stock Index?

The DAX index was created in 1988 with an initial index level of 1,163 points. The total market value of DAX member companies accounts for approximately 80% of the total market value of the Frankfurt Stock Exchange. Initially, the DAX index had 30 constituent companies, but as of September 3, 2021, it has expanded to 40. These constituents represent different industries and sectors of the German economy, including automotive, financial, chemical, and electricity.

Below are the constituent stocks of the DAX index as of September 3, 2021 (in alphabetical order):

1. Adidas AG
2. Allianz SE
3. BASF SE
4. Bayer AG
5. Beiersdorf AG
6. BMW AG
7. Continental AG
8. Covestro AG
9. Daimler AG
10. Deutsche Bank AG
11. Deutsche Börse AG
12. Deutsche Post AG
13. Deutsche Telekom AG
14. E.ON SE
15. Fresenius Medical Care AG & Co. KGaA
16. Fresenius SE & Co. KGaA
17. HeidelbergCement AG
18. Henkel AG & Co. KGaA
19. Infineon Technologies AG
20. Linde plc
21. Merck KGaA
22. MTU Aero Engines AG
23. Munich Reinsurance Company
24. Porsche Automobil Holding SE
25. RWE AG
26. SAP SE
27. Siemens AG
28. Siemens Energy AG
29. Volkswagen AG (VW AG)
30. Vonovia SE
31. Delivery Hero SE
32. Deutsche Wohnen SE
33. Deutsche Wohnen SE
34. Deutsche EuroShop AG
35. K+S AG
36. Sartorius AG
37. Symrise AG
38. Zalando SE
39. Puma SE
40. Siemens Healthineers AG

Please note, the composition of the stocks may change over time. The latest DAX index constituents can be obtained from the official website of the Frankfurt Stock Exchange or financial data providers.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.