About the Market
If Texas were a nation, its economy would rank as the 15th-largest in the world by Gross Domestic Product (GDP) just behind Brazil and Russia and ahead of Canada(World Bank) . Considered a top state for business, Texas is home to 57 of the Fortune 500 and 12% of the fastest growing companies (Forbes). Chief Executive magazine in a survey called Texas the "#1 state for business" and "where 70% of all new U.S. jobs have been created since 2008." Although an abundance of oil and gas has traditionally made energy the state’s major industry, the economy of Texas has evolved into a major high-technology center with interests in air transportation and mining.
About the Index
The SPADE Texas Index is a modified market cap weighted index designed to benchmark the performance of the largest, publicly-traded companies in the State of Texas and represents the top 90% of firms by market capitalization.
About the Constituents
The SPADE Total Texas is the universe of 400+ public companies whose corporate headquarters are located within the State of Texas and which meet a set of minimum requirements including a $5 minimum share price, a $100 million market cap, sufficient liquidity, and which list on the NYSE or NASDAQ. The companies are then ranked by market cap and the top 90% are selected for the SPADE Texas Index.
For additional data on the constituents, methodology, rules, and performance, please click on the appropriate section of this website.
Number of Constituents (1 January 2013): 94
Market Capitalization Range: $2.93 billion to $406 billion
Median Market Capitalization: $7.41 billion
Ten Largest Constituents (1 January 2013)
Enterprise Products: 3.69%
Anadarko Petroleum: 3.12%
Kinder Morgan: 3.05%
Texas Instruments: 2.97%
Kimberly Clark: 2.77%
EOG Resources: 2.71%
Breakdown by Industry Category (October 2012)
Energy / Oil and Gas: 65.96%
Consumer Discretionary: 4.12%
Consumer Staples: 4.07%
Real Estate and Construction: 1.63%
Banking and Finance: 1.47%
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