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The DAX 40 stands for the Deutscher Aktien Index. It’s also known as the GER40. It’s one of the most influential stock indices in the European markets. It represents the 40 most valuable companies listed on the Frankfurt Stock Exchange.
The DAX 40 history dates back to July 1988, when the index was launched. It has since been a rock-solid barometer for the health of the German economy. It used to be known as the DAX 30, as the index used to consist of 30 publicly listed companies with the greatest free-float market capitalisation. As of September 2021, this became 40 constituents as part of wide-ranging tweaks to the index’s listing criteria. The DAX 40 is comprised of companies across a host of sectors, namely chemicals, industrials, automotives and pharmaceuticals.
When the DAX 30 first launched in July 1988 it was trading at a price of 1,163 points. During the ‘Dotcom Boom’ around the time of the new millennium, the price of the DAX 40 (DE40) peaked at just over 7,500 points. It retracted to around 2,366 points in March 2003, before recovering quickly in the mid-2000s, reaching new highs of a touch under 8,000 points by the end of 2007.
The dawn of the global financial crash in 2008 saw the DAX 40 share price plummet once again, falling to lows of around 3,800 points by March 2009. The following decade was almost one-way traffic upwards, with the DAX 40 even recovering swiftly after the immediate aftermath of the Covid-19 pandemic, scaling all-time highs of around 15,800 points in mid-to-late 2021.
There are several other stock market indices that can also act as a benchmark for the wider economy of the European Union (EU). The CAC 40 is another influential stock index. It is a market cap-weighted measure of the 40 most valuable equities listed on the Euronext Paris exchange. Some of the biggest names within the CAC 40 include L’Oreal, Renault and Pernod Ricard.
The FTSE 100 is equally influential, with this stock index showcasing the leading 100 listed companies on the London Stock Exchange. The FTSE 100 may not be such a good barometer for the EU economy since the UK’s departure from the EU, but it’s still an essential index for major European conglomerates.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
How is the Germany 40 index calculated?
The Germany 40 (DAX) is a blue-chip stock market index composed of the top 40 companies traded on the Frankfurt Stock Exchange. It's calculated using a free-float market capitalisation-weighted index, meaning that it is based on the total market value of each company's outstanding shares or liquidity.
To find out which stocks are included in the Germany 40, take a look at the list of DAX 40 stocks. This includes well-known companies such as Allianz, BASF & Siemens AG, to name just a few. The top ten performers from this index are Bayer AG, Deutsche Bank AG, Daimler AG, SAP SE, Volkswagen AG, Covestro AG, HeidelbergCement AG, Henkel AG & Co. KGaA, Infineon Technologies AG and Linde AG.
Being a DAX 40 stock means that you are part of one of the highest-performing indices in Germany. Therefore it could be a great way to diversify your portfolio and gain exposure to some of Germany's top companies. However, as with any investment, it's important to do your own research before investing and make sure that you understand the risks involved.
Is Germany 30 the same as Germany 40?
The DAX 30 was replaced with the DAX 40 as of September 20 2021. Notable additions to the index were Airbus, Zalando, Siemens Healthineers, HelloFresh, Symrise, Sartorius, Porsche Automobile Holding, Brenntag, Puma and Qiagen. This gives traders more options for diversifying their exposure to the German market. Whether you're looking for long-term investments or short-term trades, the DAX 40 provides an interesting mix of companies from a variety of industries.
For those new to trading, the DAX 30 and DAX 40 may sound similar but they are actually two distinct indices. The former was based on the performance of 30 German companies whilst the latter is comprised of 40 different companies.
What is the German equivalent of the DJ 30?
The German equivalent of the Dow Jones 30 is the Germany 40, which stands for Deutscher Aktienindex. It consists of the 40 major German companies listed on the Frankfurt Stock Exchange. The components are also weight-adjusted so that larger and more liquid stocks have higher shares in their performance. In comparison to the DJ30, the Germany 40 also provides more sector diversification, due to its larger number of components.
The index is very popular among German traders and investors for tracking the performance of the German stock market. It is an important indicator for understanding how well the economy of Germany is doing at any given time. In addition to these benefits, many international investors use this index to gain insight into the performance of Europe’s largest economy. All in all, the German 40 offers investors an excellent way to diversify their portfolios with exposure to one of the world’s most important markets.
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