The German stock market index (Deutscher Aktienindex) representing the 30 largest German companies. Also used as a masculine given name or place name.
Acronym from German 'Deutscher Aktienindex' (German Stock Index), created in 1988. As a name, it may derive from various sources including the town of Dax in France or be a modern invention.
The DAX index is unique among major stock indices because it includes dividend payments in its calculation, making it a 'total return' index rather than just tracking stock prices. This makes it particularly valuable for long-term investment analysis and explains why German investors have a different perspective on market performance.
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