The University of Miami’s Florida 50 Index was established by the School of Business Administration in 2016 to act as a bellwether for the Florida economy.
The index, which tracks all Florida firms in the S&P Composite 1500® Index, can be found under the ticker symbol UMIAMIFL on such financial news websites at Yahoo Finance.
The Index is the first custom S&P Dow Jones index to be owned by a university and it is the only index that focuses only on public companies headquartered in an individual U.S. state.
The objectives of the index are:
- To assess daily investor confidence of the Florida business climate;
- To promote a better understanding, analysis and forecast of changes in the Florida economy;
- To provide a means of incorporating empirical measures of investor buying and selling behavior into trading models;
- To gauge the overall levels of bullishness/bearishness in Florida’s economy vs. nationwide.