subindex

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Subindex

A set of securities in an index whose performance is also tracked independent of the other securities in the index. An index may divide itself into subindicies for the different sectors it tracks. For example, the S&P 500 contains 10 subindices representing various sectors of the economy, such as energy or health care companies. A subindex may also be created for subsets of a specific sector. Given an index of the energy sector, for example, one may create subindices of oil companies and alternative energy companies.
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subindex

An index based on a particular category of components that make up a larger index. For example, the Nasdaq Composite Index is subdivided into 11 subindexes for categories including banks, computers, industrials, insurance, and telecommunications. Subindexes provide an indication of how particular segments of the market are performing.
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Meanwhile, the sub-index for business outlook over the next six months fell 4.8 from a month earlier to 44.5 in August, in contraction, CIER added.
The service sector activity levelled slightly, with the sub-index down 0.4 points to 52.5, as adverse weather conditions took a toll on industries including airlines, hotels, catering and tourism.
The Hotel Brand sub-index was set to equal 1,000 on 1 January 2000.
Tunisia was ranked 42nd in the Constraints on Government Powers sub-index and 97th in the Order and Security sub-index.
In mining and quarrying, the sub-index rose 5.4 per cent compared to January last year.
The new orders sub-index rose to 65.5 in March, an almost four-year high, while the output sub-index rose to a seven-month high of 59.6, up marginally from 59.2 in January.
Based on the WCY Government Efficiency sub-index, Malaysia ranked 25th out of 63 countries in 2017 compared to 18th out of 61 countries in 2016.
The two pillars of Innovative Output Sub-index reflects results of the country's innovation activities: knowledge and technology outputs and creative outputs.
'Average annual rate of change of the Food sub-index for the twelve-month period ending January 2018 over the previous twelve-month average was 19.62 percent, 0.07 percent points from the average annual rate of change recorded in December 2017 (19.55) percent.
The Compatibility sub-index is effectively a measure of market accessibility and the ease of doing business.
* The global macro sub-index ended the month up 0.6%, underperforming the HFRX Macro/CTA Index by 12 basis points