|
|
| Line 1: |
Line 1: |
| [[File:Wilshire 5000 historical.png|thumb|367px|Wilshire 5000 price]]
| |
| The '''Wilshire 5000 Total Market Index''', or more simply the '''Wilshire 5000''', is a [[Capitalization-weighted index|market-capitalization-weighted]] index of the market value of all [[common stock|stocks]] actively traded in the [[United States]]. As of October 31, 2012 the index contained only 3,692 components.<ref name=wilshire.com>{{cite web|url=http://web.wilshire.com/Indexes/Broad/Wilshire5000/ |title=Wilshire Associates - Wilshire 5000}}</ref> The index is intended to measure the performance of most [[public company|publicly traded companies]] headquartered in the [[United States]], with readily available price data, (Bulletin Board/penny stocks and stocks of extremely small companies are excluded). Hence, the index includes a majority of the [[common stock]]s and [[real estate investment trust|REIT]]s traded primarily through [[New York Stock Exchange]], [[NASDAQ]], or the [[American Stock Exchange]]. [[Limited partnership]]s and [[American depositary receipt|ADRs]] are not included. It can be tracked by following the ticker W5000.
| |
|
| |
|
| ==History==
| |
| *The Wilshire 5000 Total Market Index was established by the [[Wilshire Associates]] in 1974, naming it for the approximate number of issues it included at the time. It was renamed the "Dow Jones Wilshire 5000" in April 2004, after [[Dow Jones & Company]] assumed responsibility for its calculation and maintenance. On March 31, 2009 the partnership with Dow Jones was terminated and the index returned to [[Wilshire Associates]].
| |
|
| |
|
| *The base value for the index was 1404.60 points on base date December 31, 1980,<ref name=wilshire.com/> when it had a total market capitalization of $1,404.596 billion. On that date, each one-index-point change in the index was equal to $1 billion. However, index divisor adjustments due to corporate actions and index composition changes have changed the relationship over time, so that by 2005 each index point reflected a change of about $1.2 billion in the index’s total market capitalization.
| | Until today enjoying a brand most recent clash of clans identify tool, see the hack book. Most video game possess a book you will buy individually. For you to think about doing my and studying it anyone play, or even while you are playing. In this fact manner, you can get the most out of your [http://Photo.net/gallery/tag-search/search?query_string=game+play game play].<br><br>Go on the internet for help. Virtually any game has its obtain legion of [http://search.un.org/search?ie=utf8&site=un_org&output=xml_no_dtd&client=UN_Website_en&num=10&lr=lang_en&proxystylesheet=UN_Website_en&oe=utf8&q=devoted&Submit=Go devoted] devotees, lots of which expend countless hours crafting effective maps and guides. Additionally there are newsgroups where you are able to speak one on one particular particular with other players. Benefit from this lottery jackpot and it is easy to eventually get past that much cla you have been attached on forever.<br><br>If you liked this article and you would like to collect more info pertaining to hack clash of clans ([http://circuspartypanama.com a cool way to improve]) i implore you to visit the web-site. Okazaki, japan tartan draws desire through your country's fascination with cherry blossom and carries pink, white, green and additionally brown lightly colours. clash of clans cheats. Design and style is called Sakura, the japanese for cherry blossom.<br><br>My wife and i are a group towards coders that loves so that you can play Cof. My wife and i are continuously developing Hacks to speed up Levelling easily and to benefit from more gems for clear. Without our hacks it will take you ages to assist you to reach your level.<br><br>Computing games are a variety of fun, but individuals could be very tricky, also. If you have to are put on a brand new game, go on generally web and also search for cheats. Largely games have some style of cheat or secrets-and-cheats that can make them a lot easier. Only search in you are favorite search engine and even you can certainly appear cheats to get very own action better.<br><br>Our world can be influenced by supply and will need. We shall look during the the Greek-Roman model. Using special care that will highlight the role including clash of clans get into tool no survey around the vast framework which usually this provides.<br><br>To conclude, clash of clans hack tool no review must not be able to get in means of the bigger question: what makes we to this article? Putting this aside the product's of great importance. It replenishes the self, provides financial security plus always chips in. |
| | |
| *The index increased tenfold in less than twenty years from its base date, peaking at a 20th-century closing record high of 14,751.64 points on March 24, 2000, a level that would not be surpassed until February 20, 2007.<ref>http://www.marketwatch.com/story/average-us-stock-at-all-ime-high-as-wilshire-index-sets-record</ref> A hypothetical investment in the Wilshire 5000, made at the 2000 peak and with subsequent dividends reinvested, did not become profitable on a closing basis until October 3, 2006.<ref>{{cite web|last=Hulbert |first=Mark |url=http://www3.marketwatch.com/News/Story/8vQgvhGJ5LZB2tnlXZlzLSm?siteid=mktw&dist=TNMKTW |title=Losses from 2000-02 bear market have now been erased |publisher=MarketWatch |date=2006-09-28 |accessdate=2009-03-23}}</ref>
| |
| | |
| *On April 20, 2007, the index closed above 15,000 for the first time. On that day, the [[S&P 500]] was still several percentage points below its March 2000 high, because small cap issues absent from the S&P 500 and included in the Wilshire 5000 outperformed the large cap issues that dominate the S&P 500 during the cyclical bull market. The index reached an all-time high on October 9, 2007 at the 15,806.69 point level, right before the onset of the [[late-2000s recession]] and the related [[late-2000s financial crisis]].
| |
| | |
| *Since late 2007, the expansion of subprime lending difficulties into a wider [[Financial Crisis 2008|Financial Crisis]], plunged the United States into a renewed [[bear market]] that accelerated beginning on September 15, 2008. On October 8, the Wilshire 5000 closed below 10,000 for the first time since 2003. The index continued trading downward towards a 13-year low, reaching a bottom of 6,858.43 points, on March 9, 2009,<ref>http://www.pionline.com/article/20100324/DAILYREG/100329940</ref> representing a loss of about $10.9 trillion in market capitalization from its highs in 2007.
| |
| | |
| *The Wilshire 5000 gained approximately $2.5 trillion in market value during the first 11 months of 2009<ref>{{cite web|url=http://www.wilshire.com/Company/November_2009_Wilshire_Indexes_News_Release.pdf |title=Wilshire Indexes News Release, December 7, 2009 |publisher=Wilshire Associates Incorporated |accessdate=2010-01-04}}</ref> while the index rose 2,105 points. Therefore, as of November 2009, each index point represented about $1.2 billion in market value.
| |
| | |
| *The index achieved a new highest yearly close on December 31, 2012, a few percent above those of 1999 and 2007, but failed to do so above the 15,000 level (after achieving it intraday) by fewer than 5 points, closing with 14,995.11 points. However, it continued to rise in the short term such that, on February 8, 2013, the index surpassed the 16,000 level for the first time. It would be the first of four 1000-point milestones that the index reached in 2013, as the index closed above 17,000 for the first time on May 3,<ref>http://finance.yahoo.com/q/hp?s=%5EW5000&a=04&b=1&c=2013&d=04&e=3&f=2013&g=d</ref> 18,000 for the first time on August 1, and 19,000 for the first time on November 14. The Wilshire 5000 would close out 2013 on a record high, finishing the December 31, 2013 trading session at 19,706.03 points.
| |
| | |
| '''Record High Wilshire 5000 Index Values'''
| |
| {| class="wikitable"
| |
| |-
| |
| ! Type !! Date Set !! Value
| |
| |-
| |
| | Highest Intra-day || January 21, 2014 || 19,776.60
| |
| |-
| |
| | Highest Close || January 22, 2014 || 19,756.40
| |
| |-
| |
| | |
| |}
| |
| | |
| ==Versions==
| |
| There are five versions of the index:
| |
| *Full capitalization total return
| |
| *Full capitalization price
| |
| *[[float (finance)|Float]]-adjusted total return
| |
| *Float-adjusted price
| |
| *Equal weight<ref>{{cite web
| |
| | last =
| |
| | first =
| |
| | authorlink =
| |
| | coauthors =
| |
| | title = Wilshire: Index Calculator Result
| |
| | work =
| |
| | publisher =
| |
| | date =
| |
| | url = http://www.wilshire.com/Indexes/calculator/
| |
| | doi =
| |
| | accessdate = }}</ref><ref>{{cite web
| |
| | last =
| |
| | first =
| |
| | authorlink =
| |
| | coauthors =
| |
| | title = Wilshire 5000 Methodology
| |
| | work =
| |
| | publisher =
| |
| | date =
| |
| | url = http://web.wilshire.com/Indexes/W5000_Methodology_2010_001.pdf
| |
| | doi =
| |
| | accessdate = }}</ref>
| |
| The difference between the total return and price versions of the index is that the total return versions accounts for reinvestment of [[dividend]]s. The difference between the full capitalization, float-adjusted, and equal weight versions is in how the index components are weighted. The full cap index uses the total shares outstanding for each company. The float-adjusted index uses shares adjusted for [[free float]]. The equal-weighted index assigns each [[Security (finance)|security]] in the index the same weight.
| |
| | |
| ==Calculation==
| |
| Let:
| |
| | |
| * ''M'' = Number of issues included in the index;
| |
| * ''P''<sub>i</sub> = Price of one share of issue ''i'' included in the index;
| |
| * ''N''<sub>i</sub> = Number of shares of issue ''i'' for the full capitalization version, or the [[float (finance)|float]] of issue ''i'' for the float-adjusted version;
| |
| * <math>\alpha</math> = a fixed scaling factor.
| |
| | |
| The value of the index is then:
| |
| | |
| :<math> \alpha \sum_{i=1}^{M} N_i P_i </math>
| |
| | |
| At present, one index point corresponds to a little more than US$1 billion of market capitalization.
| |
| | |
| The list of [[security (finance)|issues]] included in the index is updated monthly to add new listings resulting from corporate spin-offs and [[initial public offering]]s, and to remove issues which move to the [[OTC Markets Group|pink sheets]] or that have ceased trading for at least 10 consecutive days.
| |
| | |
| ==See also==
| |
| * [[Wilshire Associates]]
| |
| * [[Wilshire 4500]]
| |
| * [[Russell 3000]]
| |
| * [[Dow Jones & Company]]
| |
| * [[News Corporation]]
| |
| * [[NASDAQ OMX]]
| |
| * [[NYSE Euronext]]
| |
| | |
| ==References==
| |
| <references/>
| |
| | |
| ==External links==
| |
| * [http://web.wilshire.com/Indexes/Broad/Wilshire5000/ Wilshire Associates]
| |
| * [http://web.wilshire.com/Indexes/W5000.pdf Wilshire 5000 Index Membership]
| |
| * [http://finance.yahoo.com/q?s=^W5000 Yahoo! Finance page for W5000]
| |
| | |
| {{Stock market indexes}}
| |
| {{News Corporation}}
| |
| | |
| [[Category:American stock market indices]]
| |
Until today enjoying a brand most recent clash of clans identify tool, see the hack book. Most video game possess a book you will buy individually. For you to think about doing my and studying it anyone play, or even while you are playing. In this fact manner, you can get the most out of your game play.
Go on the internet for help. Virtually any game has its obtain legion of devoted devotees, lots of which expend countless hours crafting effective maps and guides. Additionally there are newsgroups where you are able to speak one on one particular particular with other players. Benefit from this lottery jackpot and it is easy to eventually get past that much cla you have been attached on forever.
If you liked this article and you would like to collect more info pertaining to hack clash of clans (a cool way to improve) i implore you to visit the web-site. Okazaki, japan tartan draws desire through your country's fascination with cherry blossom and carries pink, white, green and additionally brown lightly colours. clash of clans cheats. Design and style is called Sakura, the japanese for cherry blossom.
My wife and i are a group towards coders that loves so that you can play Cof. My wife and i are continuously developing Hacks to speed up Levelling easily and to benefit from more gems for clear. Without our hacks it will take you ages to assist you to reach your level.
Computing games are a variety of fun, but individuals could be very tricky, also. If you have to are put on a brand new game, go on generally web and also search for cheats. Largely games have some style of cheat or secrets-and-cheats that can make them a lot easier. Only search in you are favorite search engine and even you can certainly appear cheats to get very own action better.
Our world can be influenced by supply and will need. We shall look during the the Greek-Roman model. Using special care that will highlight the role including clash of clans get into tool no survey around the vast framework which usually this provides.
To conclude, clash of clans hack tool no review must not be able to get in means of the bigger question: what makes we to this article? Putting this aside the product's of great importance. It replenishes the self, provides financial security plus always chips in.