Inland Empire Equity Index
Index powered by www.gleninvest.com.
© 2008, Glencrest Investment Advisors Inc. All rights reserved.
How the Inland Empire Equity Index is compiled
The Inland Empire Equity Index consists of 21 publicly traded companies with headquarters in the Inland Empire.
The IEEI is an equal-weighted index which means that all companies have an equal representation in the index. Many of the well-known market indexes such as the S&P 500 and the Nasdaq are capitalization-weighted. Those indexes have the highest percentage weight in the company which has the largest market capitalization. This results in a smaller representation for those companies with a smaller market cap.
Composition
The Inland Empire Equity Index has almost half its weighting in the financial sector, mainly regional and local banks. The consumer cyclical sector is the second largest contributor (18%) as it includes the home builders. The last large sector is communications (14%) and includes the media and telecommunication companies.
The market capitalization of the index ranges from $16 million to $3.1 billion. The majority of the companies have a market cap of less than $1 billion (82%), meaning that most of these companies are considered to be in the micro- and small-cap markets by most investment professionals.
The index is provided exclusively to The Business Press by Glencrest Investment Advisors in Claremont. The investment management firm will provide further analysis of certain aspects of the index and how the region’s companies are affected by economic trends and market cycles.
Inland Empire Equity Index consists of 21 publicly traded companies headquartered in the Inland Empire (Riverside and San Bernardino counties and the neighboring cites of Pomona, Claremont, and Diamond Bar). This index represents a unique set of stocks with a wide range of style and capitalization variances. The index is equally weighted so no one company dominates the index. Glencrest does not subjectively pick any of the stocks in the index. To be eligible for inclusion in the Inland Empire Equity Index, a stock must:
- Trade on one of the following exchanges: NYSE, AMEX, NASDAQ or OTC
- Be that of a company headquartered in the Inland Empire.
| SYMBOL |
DESCRIPTION |
SECTOR GROUP |
| AWR |
American States Water |
Utilities |
| VNBC |
Vineyard National Bancorp |
Financial |
| CCBC |
Chino Commercial Bancorp |
Financial |
| CVBF |
CVB Financial |
Financial |
| DCBK |
Desert Community Bank |
Financial |
| FCEN |
1st Centennial Bancorp |
Financial |
| FMBP |
First Mountain Bancorp |
Financial |
| TMCV |
Temecula Valley Bank |
Financial |
| PSBK |
Premier Service Bank |
Financial |
| MOKB |
Mission Oaks Bancorp |
Financial |
| PFB |
PFF Bancorp |
Financial |
| PROV |
Provident Financial Holdings |
Financial |
| FLE |
Fleetwood Enterprises |
Consumer Cyclical |
| ERI |
Emrise |
Communications |
| OUTD |
Outdoor Channel Holdings |
Communications |
| BWTR |
Basin Water, Inc. |
Industrial |
Glencrest will review the index at the end of each calendar quarter and add companies that meet the requirements and eliminate companies that no longer qualify. Dividends and stock splits are reinvested. Glencrest does not guarantee the accuracy of the data however, the data for this index is generated from sources considered to be reliable.
