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.
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.
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Of the six major industries in the PMI for August, the sub-indexes for the chemicals/biotech and electronics/optoelectronics industries moved higher, while the sub-indexes for electricity/machinery, food/textile, transportation, and basic raw materials industries moved lower, the think tank said.
The report also highlights the importance of the three sub-indexes and their indispensability to build a sustainable city.
* identify quality (strengths and weaknesses) of business environment via stated sub-indexes in individual clusters,
Each of these sub-indexes contains two to three pillars that assess different aspects of a country's trade environment.
Index is based on are grouped into 8 sub-indexes, which are averaged using equal weights.
The country also ranks in the bottom ten in the sub-indexes of safety and security and social capital.
The overall Networked Readiness Index was comprised of four sub-indexes that measured the environment for ICT development; the readiness of society to use ICT; the actual usage of the main stakeholders; and the impacts that ICT generates on the economy and society.
The Well-Being Index is composed of six sub-indexes that together measure Americans' physical, emotional, and fiscal wellbeing.
Figures over 50 for the sub-indexes imply growth, while index figures below 50 mean a weakening.
There was a gain in the banking, development bank and hydropower sub-indexes, whereas the finance and insurance sub-indexes were down.
Turkey, at 121st among 128 countries, ranks well below other European countries and displays below-average performance on all four sub-indexes.