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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.


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.

References in classic literature ?
Their zeal might sometimes be too ardent, but it was always sincere.
Athanase was a man who might have taken his place among the glories of France; but, eagle as he was, cooped in a cage without his proper nourishment, he was about to die of hunger after contemplating with an ardent eye the fields of air and the mountain heights where genius soars.
But right before him was the way home, which pointed only to bed, a place of little ease for one whose fancy was strung to the lyrical pitch, and whose not very ardent heart was just then tumultuously moved.
The warmest partisans of the enterprise now became its most ardent detractors.
And any other love but mine would have sunk beneath this ordeal; but my love came out from it more ardent and more eternal.
Dantes recoiled from the idea of so infamous a death, and passed suddenly from despair to an ardent desire for life and liberty.
And we were all ardent Royalists of the snow-white Legitimist complexion - Heaven only knows why
He had always, both in making and breaking resolutions, looked beyond his passion and seen that it must speedily end in separation; but his nature was too ardent and tender for him not to suffer at this parting; and on Hetty's account he was filled with uneasiness.
You will easily imagine therefore my Dear Marianne that I could not feel any ardent affection or very sincere Attachment for Lady Dorothea.
That Avarice is an ardent counselor; she carries away her man, as Satan did Jesus, to the mountain, and when once she has shown to an unfortunate all the kingdoms of the earth, she is able to repose herself, knowing full well that she has left her companion, Envy, to gnaw his heart.
These plains are often of a desolate sterility; mere sandy wastes, formed of the detritus of the granite heights, destitute of trees and herbage, scorched by the ardent and reflected rays of the summer's sun, and in winter swept by chilling blasts from the snow-clad mountains.
But it was nice to see that any unpleasantness he had endured in his native land had not impaired his ardent patriotism.