Broad-Based Index

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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.
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Alpha measures a manager's contribution to performance due to security selection or market timing relative to the broad based index.
The broad based index has bounced off the 1163 level, avoiding the completion of a head and shoulders topping pattern.
Commercial Paper Index is a broad based index that measures the performance of the U.
Commercial Paper Index is a broad based index designed to serve the investment community's need for a benchmark representing the U.
Commercial Paper Index, a broad based index designed to serve the investment community's need for a benchmark representing the U.
He noted that, "these new listings permit approved portfolio margining customers to realize substantial savings on initial margin requirements for hedged positions utilizing broad based index futures.
A measure of the quality of Amex-listed companies is the performance of the Amex Composite Index, which outpaced every domestic broad based index in the past year -- as well as over the past three years -- including the Dow Jones Industrial Average, Dow Jones Wilshire 5000 Composite, Nasdaq Composite, NYSE Composite, Russell 2000, and S&P 500 indexes.
The American Stock Exchange Composite Index (XAX) has continued to outperform nearly every other exchange composite index, and virtually every broad based index.
Among other things, we can now meet the clearing needs of exchanges trading broad based index futures and options products.