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Source: Lehigh University, PA 100 Index
The Lehigh University PA 100 Index is an equity index that tracks the performance of the top 100 publicly traded companies in the state of Pennsylvania. The index is designed to provide investors and financial professionals with a comprehensive view of the state's economic trends and the overall health of its publicly traded companies.
The index is calculated using a Free-Float Market-Capitalization Method, taking into account the total value of each company's outstanding shares that are available for trading, multiplied by the current market price per share. This method is widely used in the financial industry and is considered a reliable and accurate way to calculate market indexes and represent the true value of the underlying equities.
By tracking the performance of the Lehigh University PA 100 Index, investors and financial professionals can gain valuable insights into the state's economic health, sector representation, and the performance of its top companies.