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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.


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.


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.


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.


(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

References in periodicals archive ?
I also urge HR leaders to systematically measure every relevant factor that moves, whether it's for OHI or some other tool.
In January 2003, OHI joined with East Tamaki Healthcare to create the primary health organisation (PHO) Total Healthcare Otara.
The results reported in this article indicate that better accuracy in the measurement of reflection coefficients of RAMs is obtained with the FS spot-focused measurement technique compared to the near-field OHI technique.
Installation began in late December 1992 when the OHI 423 began laying pipe.
Commenting on the expanded scope of the contract with AgustaWestland, and this increased commitment to the AW139 and AW189 Richard Burman, Chief Executive Officer, OHI, stated: OHI is excited by the planned expansion of its fleet and by the extension of the already extensive and positive agreement with AgustaWestland.
The boards of neither OHI nor ODIM ASA, as the largest shareholder in OHI, wants minority shareholders to feel uncertain about the valuation.
The winner of the OHI Golf Open was Lyn Casey with a score of 151 which included a two under par 70 in Round 2 at Ghala Golf Club.
Norwegian technology company ODIM ASA said on Monday (2 July) that the boards of ODIM ASA, ODIM AS and OHI AS have agreed to propose to the general meetings of the companies that OHI merges with ODIM AS.
by Times News ServiceAzzan Al Rumhy: "There is a big buzz about this year's OHI Oman Amateur Open among the golf community in Oman.
The OHI revolving trophy will be awarded to the player scoring the lowest aggregate gross score over both days.
With the shareholder voting agreement OHI has transferred all voting rights of the preferred shares to Appel for a one-year period.