What is the DAX Index?
How Does the DAX Index Work?
Started in 1984, the DAX index is comprised of the 30 largest and most liquid issues traded on the exchange. It is a performance-based index, which means that any dividends and other events are rolled into the index's final calculation.
Why Does the DAX Index Matter?
The DAX is the Frankfurt Stock Exchange equivalent of the DJIA for the New York Stock Exchange. The Frankfurt Stock Exchange is one of the largest in Europe and, accordingly, worldwide.
DAX stands for "Deutscher Aktien Index," in English, the "German Stock Index."