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^Texas (Index): $1106.408 Today's Change: -3.701
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The SPADE Texas Index began publication on 23 July 2009. Data prior to this date was calculated via a "blind back test" © methodology performed by the American Stock Exchange (NYSE AMEX) using data provided by ISBC/SPADE Indexes. A "blind back test" is designed to ensure that no bias or manipulation exists.
"Blind Back Test" Methodology"
Neither the universe of companies nor the methodology may be changed once submitted. For the SPADE Texas Index and beginning in 2000, the universe of nearly 600 public companies headquartered in the state of Texas was identified from government, regulators, and
private sources as well as all mergers, acquisitions, IPOs and bankruptcies that took place during that time. From
this master list each company, on a quarter-by-quarter basis, was evaluated to determine if they met the rules of
the index (price, market cap, liquidity, and major exchange listed). All companies that met the Index rules, regardless of performance, were then selected without bias.
In addition, to ensure that the historical data for the index was as accurate as possible, the New York Stock Exchange's AMEX group served as the
calculation agent guaranteeing that the Index met the exchange's rules; and all constituent firms are public companies regulated by the SEC.
In addition, to ensure that the data was as accurate as possible, the data was generated by the New York Stock Exchange's AMEX group so that it met all exchange rules;
and all constituent firms are public firms regulated by the SEC.
Historical Returns
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TEXAS
Price Index |
S&P 500 |
TEXAS-
Total Return |
S&P 500
Total Return |
| 2003 |
25.08% |
26.38% |
27.25% |
28.68% |
| 2004 |
20.23% |
8.99% |
22.12% |
10.88% |
| 2005 |
25.94% |
3.00% |
27.87% |
4.91% |
| 2006 |
10.74% |
13.62% |
12.36% |
15.79% |
| 2007 |
19.85% |
3.53% |
21.95% |
5.49% |
| 2008 |
[45.36%] |
[38.49%] |
[44.35%] |
[37.00%] |
| 2009 |
35.02% |
23.45% |
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| 2010 |
19.10% |
13.87% |
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| 2011 |
2.59% |
0.00% |
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| 2012/font> |
6.52% |
13.41% |
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Left image credit: Dallas Convention Bureau
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