Universe of securities

Universe of securities

A group of stocks having a common feature, such as similar outstanding market capitalization or same product line.

Universe of Securities

In technical analysis, a group of similar securities compared to each other. Securities may be in the same industry, or have similar market capitalizations, or may be listed on the same index. There is no rule stating what criteria can be used for creating a universe of securities; all that matters is that an analyst believes they are alike enough to be compared so that he/she may determine and analyze market trends. Testing a theory on a specific universe of securities helps technical analysts create methodologies for analyzing markets.
References in periodicals archive ?
Their top-down, bottom-up sector rotation style uses a global universe of securities. They analyze a broad range of opportunities including government bonds, investment grade high yield corporate bonds and other fixed income asset classes.
"Allowing qualified financial institutions not supervised by the BSP to participate in structures involving bank issues will broaden investors' access to the domestic capital market by expanding the universe of securities trading participants and providing both investors and issuers with greater options," the BSP said in the statement.
Such a broad universe of securities also increases the dispersion of returns between investments.
"We are pleased that, two months after launch, Chi-East is now matching trades for a wide universe of securities listed in Hong Kong, Japan and Singapore," said Ned Phillips, CEO of Chi-East.
Russell Investments and Parametric Portfolio Associates have collaborated on a new index series that measures the return dispersion of a universe of securities. The Russell-Parametric Cross-Sectional Volatility Indexes (CrossVol) (http://www.plansponsor.com/Russell_and_Parametric_Team_up_on_Index_Series.aspx) relies on Russell's global index construction rules and a new calculation methodology developed by Parametric, according to a press release.
Facing lower profits and stiffer competition from securities firms, banks began seeking approval from regulators to engage in a greater universe of securities activities.
Clearstream will be in a position to offer customers of all Clearstream entities (both the ICSD and the CSDs) the choice of settlement in commercial bank money (via the ICSD) and EUR central bank money (via the CSDs) for the full universe of securities.