Narrow-Based

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 ?
For the Islamic World, Senator Mushahid was of the view that narrow-based, self-serving and self-perpetuating Muslim regimes must bridge the gap between the Elite and the Street, by promoting political, economic and civil rights to their own populations.
They revolve around the paradigm of an excessively narrow-based legislative and institutional order.
The SEC will deal with security-based swaps, which it defines as derivatives based on a single security, loan, narrow-based group or index of securities or event relating to a single issuer of securities in a narrow based security index.
The Commodities Futures Modernization Act of 2000 amended the Commodity Exchange Act to allow trading of futures contracts on individual equity securities and narrow-based indices of equity securities.
Stretton's is not a narrow-based presentation of women and laws.
He decided on a very narrow-based quad cane, the kind with four little legs.
Narrow-based patriotism can only blind the United States to the truth that all nations coexist on a fragile, crowded planet.