Broad-Based Index

(redirected from Broad Base)

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.
References in periodicals archive ?
The deal allowed the center's previous owner - local nonprofit Broad Base Programs Inc.
They developed approaches allowing SESOPs to indirectly benefit business owners without providing significant benefits to a broad base of employees.
Eugene-based Essex built the first phase on the site, a 48,000-square-foot regional sports center that the nonprofit organization Broad Base Programs Inc.