Sector


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

Sector

Used to characterize a group of securities that are similar with respect to maturity, type, rating, industry, and/or coupon.

Sector

A set of securities or individual companies that are similar to each other. For example, all automotive companies in the United States are said to belong to the American automotive sector. See also: Industry.

sector

A group of securities (such as airline stocks) that share certain common characteristics. Stocks that are particularly interest-sensitive are considered a sector.

Sector.

A sector is a segment of the economy that includes companies providing the same types of products or services.

For example, the utility sector provides electric power, natural gas, water, or a combination of these services. This sector may also include companies who produce power and those that trade it.

Companies within a sector tend to be reasonably consistent in their average earnings per share, price/earnings ratios (P/Es), and other fundamentals. But fundamentals may differ substantially from one sector to another. For example, some sectors are cyclical, rising and falling with changes in the economy while others are defensive, maintaining their strength despite economic ups and downs.

Since there's no official list of sectors, there can be confusion about how many sectors there are, what they're called, and what companies are included in them. For example, transportation is sometimes a standalone sector and sometimes included as part of the industrial sector.

Sector indexes, some of which are broad while others are very narrow, track many of the major sectors of the economy.

sector

a part of the economy that has certain common characteristics that enable it to be separated from other parts of the economy for analytical or policy purposes. A broad division may be made, for example, between economic activities undertaken by the state (the PUBLIC SECTOR) and those that are undertaken by private individuals and businesses (the PRIVATE SECTOR). The private sector, in turn, may be subdivided into the PERSONAL SECTOR (private individuals and households), the CORPORATE SECTOR (businesses supplying goods and services) and the FINANCIAL SECTOR (businesses providing financial services).
References in periodicals archive ?
Table 4: Global online retail sector value forecast: $ billion, 2011-16 22
Increasing service sector productivity will rapidly increase unemployment.
Q: What are the key tech sectors that you have identified as growth engines?
Legitimacy or trustworthiness challenge--Over time, public trust in the nonprofit sector has diminished.
It is up to government to provide the framework for growth, not the private sector.
Creating and sharing learnings and resources within the sector.
Debate centered around the wisdom of having sector councils comprised of elected officials and whether political concerns might undermine the sector's ability to improve on the present MTA system.
They therefore represented liberalization in an extremely limited form, although such enterprises certainly "represented an element of infitah"(11) in the sense that the role of the private sector in the economy was increased.
II of its Constitution: "It is the purpose of this Association to further develop, improve, and strengthen rehabilitation within the private sector.
Workers' compensation insurance paid for the vast majority of clients in private sector rehabilitation.
The public sector will inevitably account for a growing share of GNP in the years ahead.
Long suffering from weak marketing, promotion and sales efforts, this sector is beginning to awaken to its potential.