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DAX 40 (GDAX)

The DAX is one of the most popular German stock indexes. It includes some of the well-known German companies such as giants like Bayer and Adidas, luxury brands like Porsche and Cartier. It consists of 40 shares in total.

More About DAX 40 (GDAX)


Continue reading to learn more about:
What is DAX 40 (GDAX) ?
Fact about DAX 40 (GDAX)
How does DAX 40 (GDAX) work
Pros & cons of DAX 40 (GDAX)
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What is DAX 40 (GDAX)?

The DAX 40 is a stock market index for the leading 40 companies on the Frankfurt Stock Exchange. The index tracks the performance of all the blue chip stocks listed on that market and is used as a benchmark to compare performances of investors everywhere. As it is the biggest blue chip index in Germany, it also influences stock markets in Europe and worldwide through various funding mechanisms such as funds based on DAX.

 
 

Fact about DAX 40 (GDAX)

You may have come here looking for information about the renowned "DAX 40" but maybe the term GDAX is unknown to you. DAX belongs to the group of large-cap indices and is tracked by Frankfurt Stock Exchange (FRA). It stands for Deutsche Aktiemarktes Index, which is a German stock market index based on a free-float adjusted market capitalization. It covers 30 large companies listed on the Frankfurt stock exchange. Its composition is reviewed quarterly and its base value is set at 1000 points.

 

How does DAX 40 (GDAX) work

  • The DAX 40 is a stock market index which lists the 40 biggest German companies. Unlike other indices, it is not a weighted average of all the stocks. Instead, all listed companies have the same weight in this index. The DAX was launched in 1985 and comprised the 35 biggest German companies at that time. The composition of the index is reviewed quarterly by a committee and adjusted as necessary to keep it up-to-date.
  • DAX 40 (GDAX) is the financial benchmark index for companies based in Deutschland. You can track the DAX 40 (GDAX) for a general idea of how the overall German economy is doing. The index doesn't directly reflect the country's GDP but instead shows how the largest German blue chip companies are performing. These companies produce 80% of Germany's gross domestic product, so the DAX 40 (GDAX) can be used to gauge the state of the German economy.

Pros

DAX is the Frankfurt Stock Exchange Index. It measures the performance of 30 major German companies that are listed on stock markets and meet various qualitative standards. GDAX is an exchange for professional traders, it's similar to NASDAQ but for digital assets.

Cons

DAX 40, or Deutsche Aktien Xrallet Index is a blue-chip in Germany. The biggest problem for investors is the high volatility and there are few good instruments for hedging DAX 40.