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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.