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A Bellwether on the Florida Economy

The University of Miami’s Florida 50 Index was established by the Miami Herbert Business School 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.

Index Componentss

A Cross-Section of the Florida Economy

The Florida 50 Index is the first custom S&P Dow Jones index to be owned by a university and the only index that focuses only on public companies headquartered in an individual U.S. state. Hear more from Seth Levine, the accounting lecturer who created it.

complete list of index components

Weighting Methodology

The University of Miami’s Florida 50 Index is based on the capitalizations of about 50 Florida-based large-, mid- and small-cap companies included in the S&P 1500 index having common stock listed on the NYSE or NASDAQ.

The Index differs from other U.S. stock market indices because of its diverse constituency and weighting methodology. Like most mutual funds and exchange-traded funds (ETFs), the Florida 50 Index is weighted by price, rather than by each company.

The National Bureau of Economic Research has classified common stocks as a leading indicator of business cycles. For this reason, the Florida 50 Index can be an effective representation of the stock market and a bellwether for the Florida economy.

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