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 ?
Contributing to the yen's broad-based strength was the apparent unwinding of yen-financed positions in emerging market currencies, a move that was exacerbated by reports of worsening current account deficits and downwardly revised economic growth forecasts in countries such as Thailand and the Czech Republic.
On February 15, 1989, members of the Coalition for Fiscal Restraint, a broad-based group of businesses and economic associations opposed to higher taxes, endorsed President Bush's proposed flexible spending freeze.
The administration responded promptly to potential shortfalls by making significant expenditure reductions, including a hiring freeze, personnel reductions, and broad-based programmatic cuts.
Finally, the bill would require a Commerce Department study on the impact of broad-based employee stock option plans on expanding corporate ownership, recruiting skilled workers, stimulating research and innovation, and growth in the U.
Taxpayers can expect that the final regulations will also provide that, to qualify under this special rule, a program must (1) allow participants to select only from among broad-based investment strategies designed exclusively by the program and (2) establish procedures and maintain appropriate records to prevent a change in investment options from occurring more frequently than once per calendar year or on a change in the account's designated beneficiary.
In our view, such a compelling cost-benefit analysis has not been made with respect to proposals to establish a broad-based apparatus of reporting requirements or audit trails in this market.
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.
Indeed, it is likely that the DOE approach would have had a devastating effect on the establishment and continued maintenance of many broad-based stock option programs -- causing many employers to abandon or retarget their option plans.
In our view, such a compelling cost-benefit analysis has not been made with respect to proposals to establish a broad-based apparatus of reporting requirements in this market, either directly or through audit trails or transparency requirements.
Atrenta, the leading provider of broad-based early design closure solution based on industry standard SpyGlass[TM] technology, today announced that Cray (NASDAQ:CRAY), the global leader in supercomputers, has adopted its SpyGlass platform for the company's next generation ASIC projects.
Many of these companies are planning to go public and will carefully consider the implications of retaining their broad-based stock option plan on their access to the public capital markets,
The long-term rating of 'A-' reflects strengthening broad-based private investment, steady financial operations through a diversified tax base and enhanced control measures, and a stabilizing debt profile.