You must come across this article looking for a detailed piece of information about DAX Share price. Luckily, you have landed in the right place. The DAX (Deutscher Aktienindex (German stock index)) is a stock market Index. It consists of 30 chip companies (major blue) and the companies which are trading on the Frankfurt Stock Exchange.
For instance, the DAX is a total return index. According to Deutsche Börse, DAX measures the performance of the Prime’s Standard 30 largest companies in Germany. If we talk about the comparison, then it is well equal to the DAX Industrial Average Index in the US.
However, this article is created for providing enough information that one needs to know about DAX Share price and its index. Let’s have a look at this article.
DAX Share Price Live Chart
The DAX (Deutscher Aktienindex (German stock index)) is a stock market Index. You cannot just predict the share amount price of this stock index. It is not one of the normal shares that could get predicted quickly. Thus, getting to know the current and Live Share Price of the DAX is more often essential. It is often needed if one wants to trade and improvise their trading skills.
For instance, the current live share price of the DAX index is about 15133 RS. The share price is according to the Indian market. The price might be different compared to the German market. You can refer to the chart screenshot below. (the one we have added below)
The screenshot of the chart that we have added above portrays the current live price of this index. You can just refer to the image and get to know the future or current present prediction about this share.
DAX 30 German Stock Index
Deutsche Börse announced an expansion of 30-40 companies tightening rules in response to the Wirecard scandal. This is how this share is formed. For instance, the DAX has two versions, one of the versions being called performance index and the other one is a price index.
What is the DAX Index?
The primary question is ‘What is the DAX Index.’? You even want to ask about its popularity, why this share index is so popular in the Indian and German Market. For instance, the German Stock Market is one of the major stock markets of the European Stock Exchange. Moreover, the DAX Share Price and the Index value is depending on the companies which are listed in this stock index.
It is because 30 top companies are part of this liquidity. Thus, in terms of value, companies that trade on the Frankfurt Stock Market. For instance, it is a barometer for the health of the overall stock market in Europe.
If we took all the indices, either it is FTSE, Dow Jones, or S&P, the DAX. But, trading in the case of the DAX is the quick way of gaining broad exposure of German Stock Exchange shares. This is the simple reason why the DAX is popular among traders.
We can take a look at the second, but the DAX is one of the most versatile stock market indexes. Therefore, this share moves quickly and the traders need the share that changes its position quickly.
To explain better, let’s have a look at the Volatility of this share. For instance, to get a feel for particular Volatility, I am arranging an hourly chart that indicates its movement. If we go through the earlier charts of this share, then on October 5th the DAX share price was around 12800 Rs and then again on October 9th, the price dropped to Rs 11800.
This indicates the movement of this share and how quick it does move in the market. This was only a five-minute explanation about this share index. But, in actual fact, if you go through the latest updates then you will get to know about the movement.
The DAX is versatile in the market, and the demand is pretty high. It gets traded on the daily basis. Just like other stock market indices, the DAX is made up of different shares in the bucket that deals in the foreign market.
How does the DAX get calculated?
The DAX index price is taken from an Electronic Trading System, and Xetra trading venue to calculate the DAX Index. For instance, a Free-Float procedure is utilized for evaluating DAX Index weightings. It gets calculated along with a measure of the average trading volume.
How to Trade the DAX Index?
The DAX Index gets traded using CFDs (Contract for Difference), and the market in which the DAX gets traded is German 30. This is where you trade the index. While you are trading in CFD, you trade using leverage. Thus, you do not have to put the whole value of the position you are having the current market.
This is also more popular with short-term investors than with long term investors. Thus, it helps in making their trading capital go further. However, one needs to understand the quick loss and profit formula as well before investing in this index.
It is because everything has a risk. Meanwhile, if the DAX can give you profit in a short time then also get ready to face the loss when the market is not in the position.
Risk Management Technique?
Yes, the risk management technique comes in a place that helps in getting rid of loss. You can apply a stop limit to the stocks you are having. Therefore, the stocks will automatically get traded when it comes to the losing point.
You can set a particular stock value to sell your stocks in the profit. It can happen whenever the market touches the profit point.
Thus, it is only memorizing the CFDs that provides a way of trading and capitalize on the DAX. However, do not forget to apply the Risk Management Technique to prevent your stock from getting in the loss.
What time does DAX get open and close?
The DAX get traded every day in the German Stock Exchange Market. The Trading hours are 10 AM to 6:30 PM (CET). For instance, the index value gets updated in real-time every second.
Dax Market Holidays List
We know that the DAX get traded every day in the German Stock Exchange Market. But, public holidays are taken into the consideration. Let’s have a look at the list of all public holidays.
- New Year – January 1.
- Good Friday – April 19.
- Easter Monday – April 21.
- Labor Day – May 1.
- Whit Monday – June 10.
- Day of German Unity – October 3.
- Christmas Eve – December 24.
- Christmas Day – December 25.
- Boxing Day – December 26.
- New Year’s Eve – December 31.
DAX 30 Companies Index List
We have mentioned this earlier. There are 30 companies in the DAX, which are trading in Frankfurt Stock Exchange. For instance, here is the list of the thirty best companies that make up the 30 indexes. Here the list goes;
- Coventry Daimler
- Deutsche Bank
- Deutsche Börse
- Deutsche Lufthansa
- Deutsche Post
- Deutsche Telekom
- Fresenius Medical Care
- Infineon Technologies
- Munich Re
- Volkswagen Group
Frequently Asked Questions
Some questions have been frequently asked of us. Thus, we have added every question and its answer. Let’s have a look.
What is the DAX Share Index?
The German Stock Market is one of the major stock markets of the European Stock Exchange. Moreover, the DAX Share Price and the Index value is depending on the companies which are listed in this stock index.
It consists of thirty companies. You can read the rest of the information about the DAX above in this article.
What is the DAX share price?
The current live share price of the DAX index is about 15133 RS. The share price is according to the Indian market.
We have added a live chart above in this article. You can check the live chart to check the updated price.
Is it possible to trade the DAX in India?
Yes, it is possible to trade the DAX in India. You only have to visit the Indian Stock Exchange for trading this stock according to the Indian Standard Time.
Likewise, one can also prefer signing up on the platforms that allow people to trade in their platform.
Here we come at the end. The DAX is a german stock market share. This share is generally traded in the Frankfurt Stock Exchange. It is also one of the popular shares in the index. You must be curious to know more about this index.
Thus, we have decided to add up this article to provide complete information about this index. Here, we have added everything that one needs to know about the Dax Share price and its popularity. We hope it does help. If there is anything else to ask? You can always ask us in the comments section.
Krishna Murthy is the senior publisher at Finance XOD. He is not only the senior publisher but also the owner of Tricky Finance. Krishna Murthy was one of the brilliant students during his college days. He completed his education in MBA (Master of Business Administration), and he is currently managing the all workload for sharing the best banking information over the internet. The main purpose of starting Tricky Finance is to provide all the precious information related to businesses and the banks to his readers.