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.
References in periodicals archive ?
Commercial Paper Index is a new, broad-based index designed to serve the investment community's need for a benchmark representing the U.
In other words, it is possible that some of the traders who are short believe a pullback will occur before the broad-based index takes out its intraday record.
It's worth noting, however, that the broad-based index is only up about 6.
The average company within the broad-based index is expected to show growth of 17%.
The S&P 500 Index is an unmanaged broad-based index that includes 500 of the most widely held U.
We are committed to providing cost-effective, flexible and broad-based index products that support our customers' unique investment needs.
Ernst & Young's Retail Sales Index is a broad-based index that excludes automobiles, auto parts and supplies, traditional grocery and gasoline.
The ISE 250 represents the first of our broad-based index products, and is another sign of ISE's determination to bring competition and innovation to index options trading.
The list is drawn from the Citizens Index, a broad-based index of 300 companies that have passed multiple screens for financial strength and corporate responsibility.