instance_of tecdax
___MASK67___ capitalization ( ___MASK67___ cap ) is the ___MASK67___ ___MASK31___ at a ___MASK85___ of the shares outstanding of a publicly traded company , being equal to the share price at that point of time times the number of shares outstanding . As outstanding stock is bought and sold in public markets , capitalization could be used as an indicator of public opinion of a company ' s net worth and is a determining factor in some forms of stock valuation . Deutsche Börse AG or the Deutsche Börse ___MASK49___ , is a ___MASK86___ organizer for the trading of shares and other securities . It is also a transaction services provider . It gives companies and investors access to global ___MASK76___ markets . It is a joint stock company and was founded in 1993 . The headquarters are in Frankfurt . As of ___MASK77___ 2010 , the over 765 companies listed had a combined market capitalization of EUR 1 . 4 trillion . On 1 October 2014 , Deutsche Börse AG became the 14th announced member of the United Nations Sustainable Stock Exchanges initiative . The Dow Jones Industrial Average , also called DJIA , the Industrial Average , the Dow Jones , the Dow Jones Industrial , ^ DJI , the Dow 30 or simply the Dow , is a ___MASK64___ , and one of several indices created by " Wall Street Journal " editor and Dow Jones & Company co - founder Charles Dow . The industrial average was first calculated on May 26 , 1896 . Currently owned by S & P Dow Jones Indices , which is majority owned by S & P Global , it is the most notable of the Dow Averages , of which the first ( non - industrial ) was first published on February 16 , 1885 . The averages are named after Dow and one of his business associates , statistician Edward Jones . It is an index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market . It is the second - oldest U . S . market index after the Dow Jones Transportation Average , which was also created by Dow . The " Industrial " portion of the name is largely historical , as many of the modern 30 components have little or nothing to do with traditional heavy industry . The average is price - weighted , and to compensate for the effects of stock splits and other adjustments , it is currently a scaled average . The value of the Dow is not the actual average of the prices of its component stocks , but rather the sum of the component prices divided by a divisor , which changes whenever one of the component stocks has a stock split or stock dividend , so as to generate a consistent value for the index . Since the divisor is currently less than one , the value of the index is larger than the sum of the component prices . Although the Dow is compiled to gauge the performance of the industrial sector within the American economy , the index ' s performance continues to be influenced by not only corporate and economic reports , but also by domestic and foreign political events such as war and terrorism , as well as by natural disasters that could potentially lead to economic harm . Net worth ( sometimes called net or wealth ) is the total assets minus total outside liabilities of an individual or a ___MASK59___ . Net worth is used when talking about the value of a ___MASK59___ or in personal finance for an individual ' s net economic position . In financial markets , stock valuation is the ___MASK26___ of calculating theoretical values of companies and their stocks . The main use of these methods is to predict future ___MASK67___ prices , or more generally , potential ___MASK67___ prices , and thus to ___MASK44___ from price movement  stocks that are judged " undervalued " ( with respect to their theoretical value ) are bought , while stocks that are judged " overvalued " are sold , in the expectation that undervalued stocks will overall rise in value , while overvalued stocks will generally decrease in value . A stock ___MASK84___ or ___MASK64___ is a measurement of the value of a section of the stock market . It is computed from the prices of selected stocks ( typically a weighted average ). It is a tool used by investors and financial managers to describe the market , and to compare the return on specific investments . A ___MASK59___ is a legal entity made up of an association of persons , be they natural , legal , or a mixture of both , for carrying on a commercial or industrial enterprise . ___MASK59___ members share a common purpose and unite in ___MASK60___ to focus their various talents and organize their collectively available skills or resources to achieve specific , declared goals . Companies take various forms such as : Frankfurt am Main is a ___MASK78___ and the largest city in the German state of Hesse and the fifth - largest city in Germany , with a 2015 population of 731 , 095 within its administrative boundaries , and 2 . 3 million in its urban area . The city is at the centre of the larger Frankfurt Rhine - Main Metropolitan Region , which has a population of 5 . 8 million and is Germany ' s second - largest metropolitan region after Rhine - Ruhr . Since the ___MASK42___ in 2013 , the geographic centre of the EU is about to the east of Frankfurt ' s CBD , the Bankenviertel . Frankfurt is culturally and ethnically diverse , with around half of the population , and a majority of young people , having a migration background . A quarter of the population are foreign nationals , including many expatriates . The TecDAX stock ___MASK84___ tracks the ___MASK48___ of the 30 largest German companies from the technology ___MASK36___ . In terms of order book turnover and market capitalization the companies rank below those included in the DAX . The TecDax was introduced on 24 March 2003 . It succeeded the NEMAX50 ( Neuer Markt -- new market ) stock ___MASK84___ of German new ___MASK15___ companies that existed from 1997 to 2003 and was discontinued after extreme value loss due to the burst of the dot - com bubble . TecDAX is based on prices generated in Xetra . The ___MASK84___ is calculated on every trading day , between 9am and 5 . 30pm CET . The DAX (" Deutscher Aktienindex " ( German stock ___MASK84___ )) is a blue chip ___MASK64___ consisting of the 30 major German companies trading on the Frankfurt Stock Exchange . Prices are taken from the Xetra trading venue . According to Deutsche Börse , the operator of Xetra , DAX measures the performance of the Prime Standard  s 30 largest German companies in terms of order book volume and market capitalization . It is the equivalent of the FT 30 and the Dow Jones Industrial Average , and because of its small selection it does not necessarily represent the vitality of the economy as whole . The Frankfurt ___MASK13___ ( Frankfurter Wertpapierbörse , FWB ) is the world ' s 10th largest ___MASK13___ by market capitalization . Prime ___MASK16___ is a ___MASK67___ segment of the Frankfurt ___MASK13___ that lists German companies which comply with international transparency standards . The requirements are higher than in General ___MASK16___ which is regulated by law . This higher standard includes quarterly reporting in German and English , ___MASK32___ of international accounting standards ( IFRS / IAS or US - GAAP ), publication of a financial calendar , staging of at least one analyst conference a year and " ad hoc " disclosure also in English . The FT 30 (" FT ___MASK74___ Index " or " FTOI ", not " FTSE 30 ") is a now rarely used index that is similar to the Dow Jones Industrial Average . As an index of stocks to represent the real trends on the market , the FT 30 has been superseded by the FTSE 100 , which was introduced in 1984 . Shares outstanding are all the shares of a ___MASK100___ or financial asset that have been authorized , issued and purchased by investors and are held by them . They have ___MASK72___ and represent ___MASK91___ in the ___MASK100___ by the person who holds the shares . They are distinguished from treasury shares , which are shares held by the ___MASK100___ itself and have no exercisable ___MASK72___ . Shares outstanding plus treasury shares together amount to the number of issued shares .