Wilshire 5000 - wikipedia Wilshire 5000 Wilshire 5000 price The Wilshire 5000 Total Market Index, or more simply the Wilshire 5000, is a market - capitalization - weighted index of the market value of all stocks actively traded in the United States. As of December 31, 2016 the index contained only 3,618 components. The index is intended to measure the performance of most 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 stocks and REITs traded primarily through New York Stock Exchange, NASDAQ, or the American Stock Exchange. Limited partnerships and ADRs are not included. It can be tracked by following the ticker ^ W5000. Contents 1 History 2 Record high values 3 Versions 4 Calculation 5 Alternatives 6 See also 7 References 8 External links 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, 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. 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. 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. 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 Great Recession and the related financial crisis of 2007 -- 08. Since late 2007, the expansion of subprime lending difficulties into a wider 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, 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 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, 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. On February 28, 2014, the Wilshire 5000 had its first intraday high over 20,000 points. On March 4, the index closed above this milestone for the first time. On July 1, 2014, the index closed above the 21,000 level for the first time. Record high values Type Date Set Value Highest Closing Friday, October 27, 2017 26,817.34 Highest Intraday Friday, October 27, 2017 26,828.10 Versions There are five versions of the index : Full capitalization total return Full capitalization price Float - adjusted total return Float - adjusted price Equal weight The difference between the total return and price versions of the index is that the total return versions accounts for reinvestment of dividends. 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 in the index the same weight. Calculation Let : M = Number of issues included in the index ; P = Price of one share of issue i included in the index ; N = Number of shares of issue i for the full capitalization version, or the float of issue i for the float - adjusted version ; α ( displaystyle alpha ) = a fixed scaling factor. The value of the index is then : α ∑ i = 1 M N i P i ( displaystyle alpha sum _ ( i = 1 ) ^ ( M ) N_ ( i ) P_ ( i ) ) At present, one index point corresponds to a little more than US $1 billion of market capitalization. The list of issues included in the index is updated monthly to add new listings resulting from corporate spin - offs and initial public offerings, and to remove issues which move to the pink sheets or that have ceased trading for at least 10 consecutive days. Alternatives The CRSP U.S. Total Market Index ( ticker CRSPTM1 ) is a very similar comprehensive index of U.S. stocks supplied by the Center for Research in Security Prices. It was especially designed for use by Index funds. After Dow Jones and Wilshire split up, Dow Jones made their own total stock market index, called the Dow Jones U.S. Total Stock Market Index, similar to the Wilshire 5000. See also Wilshire Associates Wilshire 4500 Russell 3000 Dow Jones & Company News Corporation NASDAQ OMX NYSE Euronext S&P 1500 References ^ Jump up to : `` Wilshire Associates - Wilshire 5000 Fact Sheet '' ( PDF ). Jump up ^ http://www.marketwatch.com/story/average-us-stock-at-all-ime-high-as-wilshire-index-sets-record Jump up ^ Hulbert, Mark ( 2006 - 09 - 28 ). `` Losses from 2000 - 02 bear market have now been erased ''. MarketWatch. Retrieved 2009 - 03 - 23. Jump up ^ http://www.pionline.com/article/20100324/DAILYREG/100329940 Jump up ^ `` Wilshire Indexes News Release, December 7, 2009 '' ( PDF ). Wilshire Associates Incorporated. Retrieved 2010 - 01 - 04. Jump up ^ https://finance.yahoo.com/q/hp?s=%5EW5000&a=04&b=1&c=2013&d=04&e=3&f=2013&g=d Jump up ^ `` Wilshire : Index Calculator Result ''. Jump up ^ `` Wilshire 5000 Methodology '' ( PDF ). External links Official website Wilshire 5000 Family Yahoo ! Finance page for W5000 Major United States stock market indices Dow Jones Industrial Average ( 30 large stocks ; popular indicator ) NYSE Composite Index ( all companies on the NYSE ) Nasdaq Composite Index ( all companies on the NASDAQ ; technology - heavy ) NASDAQ - 100 Index ( 100 large NASDAQ non-financial stocks ) S&P 500 Index ( 500 large companies ; general market analysis ) Russell 2000 Index ( small - cap stocks ) Wilshire 5000 Index ( total U.S. market ) News Corp Dow Jones & Company National consumer products Barron 's Financial News Heat Street MarketWatch.com BigCharts VSE Vedomosti The Wall Street Journal The Wall Street Journal Asia The Wall Street Journal Europe Wall Street Journal Radio Network WSJ. Enterprise products Factiva S&P Dow Jones Indices ( 2.6 % ) HarperCollins United States Avon Caedmon Ecco Harper Harper Perennial I Can Read ! William Morrow and Company United Kingdom William Collins, Sons Collins Bartholomew The Friday Project Leckie & Leckie Australia Angus & Robertson Christian BibleGateway.com Thomas Nelson Women of Faith Zondervan Canada Harlequin Enterprises News Corp Australia Metropolitan newspapers The Australian The Daily Telegraph Herald Sun / Sunday Herald Sun The Courier Mail The Sunday Mail ( Brisbane ) The Advertiser The Sunday Times ( Western Australia ) The Mercury Northern Territory News mX Community newspapers Leader Community Newspapers ( Victoria ) NewsLocal ( NSW ) Quest Community Newspapers ( Queensland ) Messenger Newspapers ( South Australia ) Community Newspaper Group ( Western Australia ) Regional newspapers Geelong Advertiser Gold Coast Bulletin The Cairns Post Townsville Bulletin Magazines Big League GQ Australia Vogue Australia Television channels Fox Sports Pty Limited Fox Sports Fox Footy Fox League Fox Sports News Australian News Channel Sky News Live Sky News Business Channel Sky News Weather Channel A-PAC Professional sports Brisbane Broncos ( 68.87 % ) Other properties Australian Associated Press ( 45 % ) Newspoll ( polling brand ) Papua New Guinea Post-Courier ( 63 % ) REA Group ( 61.6 % ) Foxtel ( 50 % ) News UK The Times The Sunday Times The Sun The Times Literary Supplement Wireless Group Other assets Move New York Post News America Marketing News Outdoor Group See also List of assets owned by News Corp, 21st Century Fox, News Corporation Retrieved from `` https://en.wikipedia.org/w/index.php?title=Wilshire_5000&oldid=807904354 '' Categories : American stock market indices Talk Contents About Wikipedia Deutsch ไทย Українська Edit links This page was last edited on 30 October 2017, at 19 : 17. 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Question: what is the wilshire 5000 total market index
Answer: a market-capitalization-weighted index of the market value of all stocks actively traded in the United States