Summary
DAX® tracks the performance of the 40 largest companies listed on the Regulated Market of Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange) that fulfil certain minimum quality and profitability requirements. Constituent selection is based on free-float market capitalization. Until September 20, 2021, the number of DAX components was 30.
The basic criteria for including companies in DAX are: an existing listing on the Regulated Market of the FWB (Frankfurt Stock Exchange), continuous trading on Xetra®, minimum free float of 10%, legal headquarters or operating headquarters in Germany, timely publication of audited Annual Financial Report, half-yearly Financial Reports and Quarterly Statements.
Deutsche Börse Group has been calculating DAX since July 1, 1988. In September 2019, STOXX Ltd. started administering DAX. DAX JPY TTM had a history dating back to 29. December 2011.
DAX JPY TTM (Telegraphic Transfer Middle rate) represents a currency conversion of the DAX originally calculated in EUR using the TTM exchange rate for conversion into JPY. The TTM JPY rate is published end of day Japan time, hence it is available in the morning CET time. For this reason previous day´s DAX index value is used in the calculation and disseminated at close of calculation day.
Index Guides, Benchmark statement, and other reports are available under the "Data & Methodology" tab.