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Statistical composite that measures changes in the economy or in financial markets, often expressed in percentage changes from a base year or from the previous month. Indexes measure the ups and downs of stock, bond, and some commodities markets, in terms of market prices and weighting of companies in the index.
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A statistical measure of the value of a certain portfolio of securities. The portfolio may be for a certain class of security, a certain industry, or may include the most important securities in a given market, among other options. The value of an index increases when the aggregate value of the underlying securities increases, and decreases when the aggregate value decreases. An index may track stocks, bonds, mutual funds, and any other security or investment vehicle, including other indices. An index's value may be weighted; for example, securities with higher prices or greater market capitalization may affect the index's value more than others. One of the most prominent examples of an index is the Dow Jones Industrial Average, which is weighted for price and tracks 30 stocks important in American markets.
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The relative value of a variable in comparison with itself on a different date. Many security price indicators such as the Standard & Poor's series and the New York Stock Exchange series are constructed as indexes. Also called stock index. See also base period.


To adjust a variable by a selected measure of relative value. For example, it has been proposed that an investor's basis on a security be indexed for changes in consumer prices so that only real increases in value will be taxed. Also called tax indexing. See also subindex.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


An index reports changes up or down, usually expressed as points and as a percentage, in a specific financial market, in a number of related markets, or in an economy as a whole.

Each index -- and there are a large number of them -- measures the market or economy it tracks from a specific starting point. That point might be as recent as the previous day or many years in the past.

For those reasons, indexes are often used as performance benchmarks against which to measure the return of investments that resemble those tracked by the index.

A market index may be calculated arithmetically or geometrically. That's one reason two indexes tracking similar markets may report different results. Further, some indexes are weighted and others are not.

Weighting means giving more significance to some elements in the index than to others. For example, a market capitalization weighted index is more influenced by price changes in the stock of its largest companies than by price changes in the stock of its smaller companies.

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(1) A statistical indicator that measures changes in the economy in general or in particular areas.An example is the cost-of-living index.(2) A reference point against which measurements are taken for purposes of making future adjustments.An adjustable-rate mortgage might begin with an interest rate of 6 percent and provide that it will increase or decrease in a like percentage as the increase or decrease between today's quoted price for 10-year U.S.Treasury bonds and the price on the loan's annual anniversary date.We would say that 10-year T-bonds are the index.

Some leading loan indices include

• Wall Street Journal prime
• Federal discount rate
• Fed funds rate
• 11th District Cost of Funds
• 10-year Treasuries
• One-year LIBOR

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Relationships between morbidity and mortality from tuberculosis and the human development index (HDI) in Venezuela, 1998-2008.
Now a day, human development index (HDI) is used as a sign for fiscal and societal progress of a country as earlier GDP serves the purpose [Mariano et al., 2015].
Table 1: State-Wise Human Development Index (HDI) in 1991, 1999-2000 and 2010-11 HDI HDI HDI States 1991 Rank 1999-00 Rank 2010-11 Rank Andhra Pradesh 0.377 9 0.368 10 0.473 9 Assam 0.348 10 0.336 11 0.444 10 Bihar 0.308 15 0.292 14 0.367 14 Gujarat 0.431 6 0.466 6 0.527 6 U.S.
Human development assessment is undertaken with the support of the Human Development Index that initially (in 1990) was calculated for 130 countries, afterwards for 182 countries and has values in-between 0-1.
Responding to the UN report on its website, independent Eritrean news platform Awate said Eritrea's human development index of 0.351 is "dismal" even by the standards of the low human development countries.
(1) Before the Human Development Index (HDI) was created in 1990, statisticians relied exclusively on per capita gross domestic product (GDP), a measure of a nation's wealth per person, to rank nations' standards of living.
The Human Development Index (HDI) is a composite statistic used to rank countries by level of "human development" and separate "very high human development", "high human development", "medium human development", and "low human development" countries.
Asian Americans and whites score highest on the latest update of the Human Development Index created by the American Human Development Project.
Summary: Rabat - The validation of the Human Development index (HDI) by the United Nations Development Program (UNDP) lacks rigour and professionalism and causes prejudice to Morocco's socio-economic development efforts, the Foreign Ministry said in a statement issued on Thursday.
AaAaAa It is important for us to hold discussions to take stock of the Human Development Index, which remains a key indicator for many people though it does not reflect the reality in its entirety, the UN official added.

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