broad-based


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Broad-Based Index

An index that consists of many stocks or stocks in many different industries. Broad-based indices are not terribly useful in gauging the performance of individual industries, but help give an indication on movements in the broader economy. An example of a broad-based index is the Wilshire 5000. See also: Narrow-based.

broad-based

Of or relating to an index or average that provides a good representation of the overall market. The S&P 500 and NYSE Composite are generally regarded as broad-based stock indexes, while the popular Dow Jones Industrial Average is biased toward blue chips and is not considered broad-based. Compare narrow-based.
References in periodicals archive ?
Income value-added tax with Social Security tax integration--This would substitute a broad-based, flat-rate income tax for current individual and corporate income taxes, as well as the payroll tax.
Arid while CPAs are now doing this broad-based work, the next generation of leading professionals will not be CPAs, because they are not going to come through the GAAP GAAS eye of the needle that is now demanded of them under state laws.
Meanwhile, market analysts became concerned that Japan's economic recovery was neither broad-based nor self-sustaining and that there was a potential for negative effects from the April I consumption tax hike; there were also concerns about strains in the Japanese financial sector.
The evidence is mounting that companies with significant employee ownership outperform both their industry peers and the broad-based stock indices.
We will not sit idly by while the conference committee works behind closed doors to determine the fate of an ill- conceived, unjustifiable and onerous broad-based energy tax.
A broad-based consumption tax would have definitional
As the city maintained its reserves, it countered cyclical weakness in tax growth with sales tax increases, personnel reductions, and broad-based cost-cutting.
These companion bills, entitled the "Broad-Based Stock Option Transparency Act(s) of 2003," direct the Securities and Exchange Commission (SEC) to require enhanced disclosures of employee stock options, and to study the economic impact of broad-based stock option plans.
529 program to select among various broad-based investment strategies offered by a program, both at the time that contributions are made and at certain other times, may be consistent with Sec.
In an attempt to kick a foundering economy into action, local government and business leaders met Thursday to outline a broad-based cooperative plan to revitalize the region.
It should be replaced with a broad-based consumption tax such as the VAT," National Association of Manufacturers President Jerry Jasinowski told Congress today.
And the effect of these proposals is to open up the government securities market to broad-based participation.