Universe
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Universe
A group of securities, assets or anything else with similar characteristics. One may consider, for example, a universe of stocks in the same industry. Universes are useful when comparing one data point to others in order to maintain control over systematic factors.
Universe.
In the world of investments, the word universe refers to a specific group or category of investments that share certain characteristics.
A universe might be the stocks that are included in a particular index, the stocks evaluated by a particular analytical service, or all the stocks in a particular industry.