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 ?
Description : The impact will be achievement of (i) green and circular economic development in Shanxi Province, and (ii) transformation from narrow-based industrial structure to a balanced and diversified one in Shanxi Province.
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.
We live together in an interconnected world, in which globalization goes side by side with a search for often narrow-based identities.
They revolve around the paradigm of an excessively narrow-based legislative and institutional order.
The state's tax revenues do not grow as fast as our economy because we have a hodgepodge of narrow-based taxes to fund state operations.
Pakistan's industrial sector remains structurally narrow-based.
The Iranian regime that is likely to take shape in the aftermath of the current crisis will be a narrow-based conservative regime.
On Gomori methenamine silver (GMS) staining, numerous small yeasts of uniform size with focal, narrow-based buds were identified both intracellularly and extracellularly; this finding was consistent with histoplasmosis (figure 2, B).
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.
The complaint alleges that during a period from at least June 2007 to May 2010, RBC traded hundreds of millions of dollars' worth of narrow-based stock index futures and single futures contracts with two of its subsidiaries in transactions that were not completed at arm's length between the counterparties as required by law.