Wilshire 5000 Total Market Index - TMWX

What is the 'Wilshire 5000 Total Market Index - TMWX'

A market capitalization-weighted index composed of more than 6,700 publicly-traded companies that meet the following criteria:

1. The companies are headquartered in the United States.
2. The stocks are actively traded on an American stock exchange.
3. The stocks have pricing information that is widely available to the public.

BREAKING DOWN 'Wilshire 5000 Total Market Index - TMWX'

The Wilshire 5000 was originally comprised of 5,000 stocks, but today it is made up of more than 6,700. As with all market capitalization-weighted indices, the Wilshire overweights companies with a higher firm value and underweights those with a lower firm value. This is one of the broadest indexes and is designed to track the overall performance of the American stock markets. Its ticker symbol is TMWX.

RELATED TERMS
  1. Dow Jones Wilshire Large-Cap Index

    A market-capitalization weighted index that is the large-cap ...
  2. Dow Jones Wilshire Small-Cap Index

    Former name of the Wilshire US Small-Cap Index, a market-capitalization ...
  3. Dow Jones Wilshire Mid-Cap Index

    A market-capitalization weighted index maintained by Dow Jones ...
  4. Capitalization-Weighted Index

    A type of market index whose individual components are weighted ...
  5. Broad-Based Index

    An index designed to reflect the movement of the entire market. ...
  6. Dow Jones Global Titans 50 Index

    A market capitalization-weighted index of 50 of the largest multinational ...
Related Articles
  1. Mutual Funds & ETFs

    Index Investing: The Wilshire 5000 Total Market Index

    If you thought the S&P 500 and Nasdaq Composite Index included a lot of companies the Wilshire 5000 Total Market Index is an even larger one. Contrary to what its name suggests, the Wilshire ...
  2. Markets

    Understanding Capitalization-Weighted Indexes

    A capitalization-weighted index is a market index whose individual components are weighted according to their market capitalization.
  3. Investing Basics

    An Introduction To Stock Market Indexes

    Investopedia explains the five most talked about indexes and what makes them all different.
  4. Professionals

    Average Market Returns

    We look at the major indexes and their average yearly returns.
  5. Mutual Funds & ETFs

    Index Investing: Conclusion

    We hope this tutorial has given you insight into how you can track the market, use it as a benchmark and make investments. Some points to remember: An index is a statistical measure of the changes ...
  6. Stock Analysis

    The 4 Best Total Market Index Funds

    Learn about the top four mutual and exchange-traded funds that specialize in investing in broad total market indices of the U.S. equity market.
  7. Professionals

    Domestic vs. Global Indexes

    CFA Level 1 - Domestic vs. Global Indexes. Learn the differences between domestic and global indexes. Provides examples of each, including bond and composite indexes.
  8. Mutual Funds & ETFs

    Index Investing: The Standard & Poor's 500 Index

    The main drawback of the DJIA is that it only contains 30 companies. The S&P 500 improves on the DJIA in this respect by including 500 companies. It is increasingly seen as the benchmark ...
  9. Investing

    What are Index Funds?

    An index fund is a type of mutual fund that is tied to a broad stock index like the S&P 500 or the Dow Jones Industrial Average, instead of being handpicked and managed by an investment manager. ...
  10. Professionals

    Market Indexes and Averages

    Market Indexes and Averages
RELATED FAQS
  1. What is the best way to measure the total market?

    There is a variety of market indices which function as statistical gauges of the market's activities. Many investors look ... Read Answer >>
  2. The broadest measure of the activity and movement of the overall stock market can ...

    The correct answer is b). The Wilshire 5000 is a value weighted index that consists of more than 7,000 issues that trade ... Read Answer >>
  3. What is a capitalization-weighted index?

    Learn about a capitalization-weighted index and how to calculate the value of a capitalization-weighted index through a simple ... Read Answer >>
  4. Is there an index for tracking mid-cap stocks?

    Learn the specifics about indexes available for tracking companies with market capitalizations in the medium-sized, small ... Read Answer >>
  5. How do indexes determine which stocks are removed or added to them?

    Stock indexes are formed based on the kinds of stocks or financial securities they want to track. For example, the Standard ... Read Answer >>
  6. Why is the Toraku Index important for analysts of the Tokyo Stock Exchange?

    Learn how the Toraku Index is used to predict market trends on the Tokyo Stock Exchange, and understand how market breadth ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center