Interesting facts about the FDAX (DAX40 index of the German stock exchange)
The Deutscher Aktienindex is the full name of the DAX stock index. Traders can find the DAX as GER30 in the index list. The DAX price calculation technique is based on the Laspeyres method. When calculating the European index, a free-float methodology is taken into account — the approximate number of shares in free circulation.
Deutscher Aktienindex (DAX) volatility is considered moderate. The change in its rate for a trading day is on average from 1% to 4%. At the same time, the liquidity of futures on the index is relatively high since it is one of the main European indicators, and fixed-term contracts for it are in the top-5 list of similar instruments. This allows you to conclude short-term deals with low spreads, but medium-term trading can also become more comfortable in conditions of low volatility.
The German DAX index is one of the most flexible indices in the world. Its calculation method and participation criteria change regularly, which does not prevent the indicator from seriously depending on the European, American, and Asian financial situation. Since its inception, it has shown moderate growth. One of the advantages of the DAX index is that its ups and downs are very easily predicted.
The total capitalization of the companies that make up the GER30 exceeds $1 trillion. The capitalization of these companies is about 80% of the total capitalization of all German companies whose shares are traded on the stock exchange. The DAX is also one of the most liquid indices in the world. According to Eurex internal statistics, the annual volume of options contracts reaches 20-30 million units, and the volume of futures reaches 30-40 million contracts annually.
The usual DAX value is calculated in the period from 11:00 to 19:30. The Late/Early-DAX index is calculated from 19:45 to 22:00 and from 10:00 to 11:00 (GMT+3, indicated in LiteFinance trading platform).
