Wilshire 5000

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Wilshire 5000
base data
Country United States
Stock exchange New York Stock Exchange
ISIN not known
WKN not known
symbol W5000
RIC ^ W5000
Bloomberg code W5000 <INDEX>
category Stock index
Type Price index
family Wilshire Indices

The Wilshire 5000 (officially Wilshire 5000 Total Market Index ) is a stock index in which all listed companies with headquarters in the USA are listed.

calculation

The Wilshire 5000 is a price index in which all US stock corporations on the New York Stock Exchange , NASDAQ and NYSE Amex (formerly American Stock Exchange) are listed. The small caps (small caps) represent 72 percent of the listed more than 5,000 companies in the Wilshire 5000, but have only accounted for twelve percent of the total market capitalization of the index.

The index level is determined solely on the basis of share prices and only adjusted for income from subscription rights and special payments. The weighting is based on the market capitalization of the listed companies. Corporate actions such as stock splits have no (distorting) influence on the index. 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). The Wilshire 5000 reflects the performance of all US public companies.

history

Historical overview

Wilshire 5000 Index, Dec 31, 1970 - Jan 3, 2019

The Wilshire 5000 was first published in 1974 by Dennis Tito , the founder of the investment consultancy Wilshire Associates, and was calculated back to 1970. The base value is 1,404.60 points on December 31, 1980.

A milestone in the development of the Wilshire 5000 was the 5,000-point mark, which the index exceeded on April 24, 1995 with a closing level of 5,013.97 points. The 10,000 point mark first fell on February 27, 1998 when the index finished trading at 10,006.44 points. The Wilshire 5000 also set other records in the following years.

By March 24, 2000, it rose to a closing level of 14,751.64 points, which was its all-time high for seven years. After the speculative bubble burst in the technology sector ( dot-com bubble ), the index fell to a low of 7,342.90 points by October 9, 2002. That was a 50.2 percent decrease from March 24, 2000, and a loss of over $ 7,000 billion in market capitalization. October 9, 2002 marks the low point of the downward trend. From autumn 2002 the index was on the way up again. On September 8, 2004, the Wilshire 5000 passed the 10,000-point mark for the first time since 1998, when it finished trading with 10,010.54 points.

On April 1, 2004, Wilshire Associates and the publishing house Dow Jones & Company signed a five-year license agreement to jointly market the Wilshire 5000. The stock index was renamed the Dow Jones Wilshire 5000 Composite Index .

On February 20, 2007, the high of March 24, 2000 was exceeded with a closing level of 14,796.54 points. The index reached the 15,000 point mark for the first time on April 20, 2007, when it ended trading at 15,009.91 points. On October 9, 2007, the Dow Jones Wilshire 5000 marked an all-time high with a closing level of 15,806.69 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 8, 2008 it closed with 9,926.42 points for the first time since April 25, 2003 below the limit of 10,000 points. The Wilshire 5000 fell to its lowest level since November 1, 1996 on March 9, 2009 when it ended trading at 6,858.43 points. Since the all-time high of October 9, 2007, this represents a decrease of 56.6 percent.

On April 1, 2009, Wilshire Associates' license agreement with Dow Jones & Company was not renewed and the index was renamed the Wilshire 5000 Total Market Index . Since then, the publishing house Dow Jones has published the Dow Jones Total Stock Market Index , which is calculated using practically the same method as the Wilshire 5000.

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 111.4 percent to a closing level of 14,495.44 points. The weakening of the global economy and the worsening of the euro crisis led to a slump in the share index. On October 3, 2011, the NYSE Composite finished trading at 11,459.36 points. The loss since the peak on April 29, 2011 is 20.9 percent.

The announcement of new bond purchase programs by the European Central Bank and the US Federal Reserve , which are basically unlimited, led to a recovery in prices on the stock market. The monetary stimulus played a bigger role in the price formation than the global economic slowdown and the state of the companies. On January 11, 2013, the index closed at 15,522.88 points, 35.5 percent higher than on October 3, 2011.

Highs

The overview shows the all-time highs of the Wilshire 5000.

  Points date
in the course of trading 22,853.86 Thursday 17th November 2016
on a closing price basis 22,840.27 Thursday 17th November 2016

Milestones

The table shows the milestones of the Wilshire 5000.

First
close
over 		Final
score in points 		date
1,000 1,005.79 February 29, 1972
2,000 2,015.69 July 16, 1985
3,000 3,012.12 March 23, 1987
4,000 4,014.87 December 30, 1991
5,000 5,013.97 April 24, 1995
6,000 6,043.57 4th December 1995
7,000 7,013.90 November 6, 1996
8,000 8,000.32 May 23, 1997
First
close
over 		Final
score in points 		date
9,000 9,007.36 July 30, 1997
10,000 10,006.44 February 27, 1998
11,000 11,024.40 July 14, 1998
12,000 12,005.29 April 7, 1999
13,000 13,077.98 November 16, 1999
14,000 14,006.37 9th of March 2000
15,000 15,009.91 April 20, 2007

Annual development

The table shows the annual development of the Wilshire 5000.

year Final
score in points 		Change
in points 		Change
in%
1970 830.27
1971 949.26 118.99 14.33
1972 1,090.31 141.05 14.86
1973 861.73 −228.58 −20.96
1974 590.34 −271.39 −31.49
1975 784.15 193.81 32.83
1976 954.18 170.03 21.68
1977 887.59 −66.59 −6.98
1978 922.77 35.18 3.96
1979 1,100.71 177.94 19.28
1980 1,404.60 303.89 27.61
1981 1,286.24 −118.36 −8.43
1982 1,451.59 165.35 12.86
1983 1,723.62 272.03 18.74
1984 1,702.00 −21.62 −1.25
1985 2,164.69 462.69 27.19
1986 2,434.95 270.26 12.48
1987 2,417.12 −17.83 −0.73
1988 2,738.42 321.30 13.29
1989 3,419.88 681.46 24.89
1990 3,101.35 −318.53 −9.31
1991 4,041.10 939.75 30.30
1992 4,289.73 248.63 6.15
1993 4,657.83 368.10 8.58
1994 4,540.62 −117.21 −2.52
1995 6,057.21 1,516.59 33.40
1996 7,198.29 1,141.08 18.84
1997 9,298.19 2,099.90 29.17
1998 11,317.59 2,019.40 21.72
1999 13,812.67 2,495.08 22.05
2000 12,175.88 −1,636.79 −11.85
2001 10,707.68 −1,468.20 −12.06
2002 8,343.19 −2,364.49 −22.08
2003 10,799.62 2,456.43 29.44
2004 11,971.14 1,171.52 10.85
2005 12,517.69 546.55 4.57
2006 14,257.55 1,739.86 13.90
2007 14,819.58 562.03 3.94
2008 9,087.17 −5,732.41 −38.68
2009 11,561.72 2,474.55 27.23
2010 13,360.13 1,798.41 15.55
2011 13,189.93 −170.20 −1.27
2012 14,995.11 1,805.18 13.69
2013 19,706.03 4,710.92 31.42
2014 21,669.86 1,963.83 9.97
2015 21,167.86 −502.00 −2.32
2016 23,425.86 2,258.00 10.67
2017 27,794.17 4,368.31 18.65
2018 25,749.72 −2,044.45 −7.36

Web links

Individual evidence

  1. ^ Dow Jones Indexes: Dow Jones Indexes Introduces Total Stock Market Index Family , dated April 1, 2009.
  2. ↑ a b c d Dow Jones Indexes: Historical prices 1970–2009 ( MS Excel ; 1.1 MB).
  3. ↑ a b c Yahoo: Historical prices from 2009.
  4. ↑ 1Stock1: Wilshire 5000 Index Yearly Returns