Russell 3000
| Russell 3000 | |
|---|---|
|
|
| base data | |
| Country | United States |
| Stock exchange | New York Stock Exchange |
| ISIN | not known |
| WKN | not known |
| symbol | THY |
| RIC | ^ THY |
| Bloomberg code | RAY <INDEX> |
| category | Stock index |
| Type | Price index |
| family | Russell |
The Russell 3000 is one of the world's largest stock indices . It lists the 3,000 companies with the highest market capitalization in the USA . The Russell 3000 competes with the Dow Jones publishing house's Wilshire 5000 index .
calculation
The Russell 3000 is a price index and represents 98 percent of the market capitalization of the US stock markets. It is made up of all of the Russell 1000 and Russell 2000 public companies . The index is calculated using the value index formula, which indicates the total change in value as a measured number. The Russell 3000 is not adjusted for dividend payments . Corporate actions such as stock splits have no (distorting) influence on the index.
The investment universe includes all US-based companies that are listed on the New York Stock Exchange (NYSE), NYSE Amex (formerly American Stock Exchange) and NASDAQ . The weighting is based on market capitalization. The investment and advisory firm Russell Investment Group decides whether to be included in the index . The composition of the index is reviewed annually. The calculation is updated every second during NYSE trading hours from 9:30 am to 4:00 pm local time (3:30 pm to 10:00 pm CET).
history
The Russell 3000 was developed in 1984 by the investment and advisory firm Russell Investment Group and calculated back to 1978 on a monthly basis. It is defined in such a way that the index would have assumed the value 140 on December 31, 1986.
A milestone in the development of the Russell 3000 was July 3, 1997, when it ended the trade with 504.97 points for the first time above the 500 point mark. The index also set further record highs in the following years. On March 17, 1998 it closed with 600.50 points for the first time above the 600 point mark.
The index passed the 700 point mark for the first time on April 5, 1999 with a closing level of 701.55 points. On March 16, 2000 it closed with 810.46 points for the first time above the 800 point mark. By March 24, 2000 the index rose to 844.78 points, which was its all-time high for seven years. When the speculative bubble burst in the technology sector ( dotcom bubble ), the Russell 3000 fell to a closing level of 430.16 points by October 9, 2002. That was a decrease from March 2000 by 49.1 percent.
October 9, 2002 marked the end of the downward trend. From autumn 2002 the index began to rise again. On February 7, 2007 it closed with 845.78 points above its high of March 2000. On July 13, 2007 the Russell 3000 closed with a closing level of 901.98 points for the first time above the 900 point mark. The index reached an all-time high on October 9, 2007, when it closed at 907.58 points.
In the course of the international financial crisis , which had its origin in the US real estate crisis in the summer of 2007, the index began to decline again. On October 27, 2008 it closed with 485.25 points for the first time since April 25, 2003 below the limit of 500 points. The Russell 3000 fell to its lowest level since September 24, 1996 on March 9, 2009 when it ended trading at 389.61 points. Since the all-time high of October 9, 2007, this corresponds to a decline of 57.1 percent.
March 9, 2009 marked the end of the downward trend. From spring 2009 the stock market index was on the way up again. By April 29, 2011, it rose by 109.5 percent to a closing level of 816.66 points.
See also
Web links
Individual evidence
- ↑ Yahoo: Historical Prices