NJCU School of Business Launches Stock Index for Top 50 NJ Companies

BAROMETER OF THE NEW JERSEY ECONOMY
Index Is a First for New Jersey and the Larger Tri-state Area That Is the Country’s Financial Hub

New Jersey City University’s School of Business has launched the NJCU New Jersey 50 Index — an index of publicly traded equity securities designed to be a barometer of the New Jersey economy. Developed by the NJCU School of Business and calculated by S&P Dow Jones Indices, the NJCU New Jersey 50 Index is a first for New Jersey and the larger tri-state area that is the country’s financial hub, and puts the New Jersey City University School of Business at the forefront of the exchange trade product industry.

While the S&P 500 reflects the broader domestic stock market, the NJCU New Jersey 50 Index will offer a focused perspective on the Garden State’s wide array of industries ranging from pharmaceuticals and healthcare to manufacturing, technology and transportation logistics as well as the companies behind them. Reflecting the health of the eighth largest GDP (gross domestic product) contributor in the U.S, the NJCU New Jersey 50 Index will serve as a report card for economic growth and job creation thereby making its movements of interest to investors, business leaders, economists, politicians and the general citizenry of New Jersey.

Much like the New Jersey economy, the index is a living reflection of the New Jersey economy and the companies that are powering it. From a list of more than 226 companies, the 50 companies comprising the index were selected based on the industry rank, average trading volume, revenue and profit prospects and employment in the state. The NJCU New Jersey 50 Index will be rebalanced on a quarterly basis, and the University will note any additions or deletions from organizations comprising the Index.

Link to the NJCU New Jersey 50 Index at S&P.

Link to the NJCU New Jersey 50 Index Page.

The NJCU New Jersey 50 Index may be used as a yard stick for the State’s overall health and speed of its economic growth as well as those of the businesses that populate it, according to Dr. Bernard McSherry, founding dean of the NJCU School of Business.

“This index is an invaluable resource that has the potential to inform investors of the tone of the State’s economy and give a clear indication of what’s happening in the areas of business growth and employment,“ Dean McSherry said.

He added, “Dissecting the index into its company holdings will reveal which industries are growing and thriving as well as those that are lagging. This information should be useful to businesses, news organizations and politicians among others inside the State.”

Dean McSherry announced that NJCU Adjunct Professor Christopher Versace, a chief investment officer of Tematica Research and journalist, will oversee the NJCU New Jersey 50 Index.

Students from the NJCU School of Business’ Student Investment Management (SIM) Group were given the unique opportunity to work on the creation of the index. Members of the SIM Group will continue to participate in the ongoing NJCU New Jersey 50 Index, working with Mr. Versace, the SIM advisor.

The NJCU New Jersey 50 Index will list companies, including: