Narrow-Based

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Also found in: Acronyms.

Narrow-Based

Generally referring to an index, it indicates that the index is composed of only a few stocks, generally in a specific industry group. See also broad-based.

Narrow-Based

Describing an index that consists of only a few stocks. Generally speaking, a narrow-based index only includes stocks from one industry. These indices are often useful in gauging the performance of the industries they track, but rarely give an indication on movements in the broader economy. See also: Broad-based.

narrow-based

Of or relating to an index composed of a limited number of securities or securities representing a particular segment of the whole. For example, the Dow Jones Transportation Average is narrow-based because it is composed only of the stocks of transportation companies. Compare broad-based.
References in periodicals archive ?
He affirmed the many complaints raised by motorists like the longer days to acquire an NBI clearance especially if a person s name is hit after a similar name is implicated in a criminal case.
Michael Paye, mine manager for NBI, said the ZX670LC-5 is exceeding operators' expectations.
The informant also divulged that the three NBI agents were part of a team tasked to look for communication gadgets illegally possessed by the imprisoned drug lords," De Lima said.
Moussa stressed that only three articles were left to conclude the NBI legal framework that are currently considered by the member states.
It is alleged that the Saudi nationals, while inside the NBI premises were harassed by the bureau's personnel as they tried to extract information from them about the extortions.
Sudan eventually resumed activities in the NBI last year.
Department of Transportation report to Congress, the nation should be spending approximately 60 percent more, or $22 billion, to achieve significant improvements in NBI structures.
To determine if targeted biopsies with NBI could detect Barrett's metaplasia and dysplasia or cancer better than does high-definition white light endoscopy (HD-WLE) alone, Dr.
In a prospective pilot cohort study in which 35 patients have been enrolled so far (of a planned 75), both white light and NBI are used, and all lesions identified by either one are then biopsied.
Now more than half-way through the planning effort, the community views NBI as an economic renewal strategy that will deliver entrepreneurial opportunities in forestry, non-timber forest products, mining, recreation and ecotourism.
Four are detained for discussing with (Gerdt) the preparation of explosives and what are the effects et cetera,' said NBI Deputy Chief Jari Liukku.
NBI Director Reynaldo Wycoco identified the man as Anthony Erwinston Deslate, 38, a businessman and a resident of Makati who was arrested Monday.