Russell 3000 Index

The Russell 3000 is one of the world's largest stock indices. The 3,000 companies are listed with the highest market capitalization in the United States in it. The Russell 3000 is in competition with the Wilshire 5000 index of the publisher Dow Jones.

Calculation

The Russell 3000 is a price index and represents 98 percent of the market capitalization of the U.S. equity markets. It is composed of all public companies in the Russell 1000 and Russell 2000. The index is calculated by the value index formula that specifies that the measurement number, the total change in value. 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 consists of all companies based in the U.S. that are listed on the New York Stock Exchange ( NYSE), NYSE Amex (formerly the American Stock Exchange) and NASDAQ. They are weighted by market capitalization. About inclusion in the index determines the investment and advisory firm Russell Investment Group. The index composition is reviewed annually. The calculation is during NYSE trading hours 9:30 to 16:00 local time ( 15:30 to 22:00 CET) updated every second.

History

The Russell 3000 was developed in 1984 by the investment and advisory firm Russell Investment Group and back-calculated on a monthly basis until 1978. It is defined such that the index would have accepted the value of 140 on December 31, 1986.

A milestone in the development of the Russell 3000 was 3 July 1997, when it was first finished trading with 504.97 points over the 500 -point mark. The index also marked in the following years further record highs. On March 17, 1998 he finished with 600.50 points for the first time surpassed the mark of 600 points.

The mark of 700 points overcame the index for the first time on April 5, 1999, closing at 701.55 points. On 16 March 2000 he graduated with 810.46 points for the first time on the 800 -point mark. By 24 March 2000, the index rose to 844.78 points, which was an all-time high for seven years. With the bursting of the speculative bubble in the technology sector ( dot com bubble ) the Russell 3000 fell on a final score of 430.16 points to 9 October 2002. This was a decline from March 2000 to 49.1 per cent.

The October 9, 2002 marked the end of the descent. From the autumn of 2002, the index began to rise again. On 7 February 2007, he graduated with 845.78 points above its high of March 2000. On 13 July 2007, the Russell 3000 closed with a final score of 901.98 points for the first time on the 900 -point mark. An all-time high, the index marked on October 9, 2007, when he finished with 907.58 points.

In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the index began to fall again. On 27 October 2008 since 25 April 2003, he graduated with 485.25 points for the first time under the limit of 500 points. At its lowest level since 24 September 1996, the Russell 3000 fell on March 9, 2009, when he finished trading with 389.61 points. Since the all-time high on 9 October 2007, this represents a decrease of 57.1 percent.

The March 9, 2009 marked the end of the descent. From the spring of 2009, the market index was back on the way up. Until 29 April 2011, he rose by 109.5 percent to a closing level of 816.66 points.