broad-based


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Broad-Based Index

An index that consists of many stocks or stocks in many different industries. Broad-based indices are not terribly useful in gauging the performance of individual industries, but help give an indication on movements in the broader economy. An example of a broad-based index is the Wilshire 5000. See also: Narrow-based.

broad-based

Of or relating to an index or average that provides a good representation of the overall market. The S&P 500 and NYSE Composite are generally regarded as broad-based stock indexes, while the popular Dow Jones Industrial Average is biased toward blue chips and is not considered broad-based. Compare narrow-based.
References in periodicals archive ?
The researchers found that 4.5 percent of patients who received broad-based genomic sequencing received targeted treatment based on testing results, 9.8 percent received routine EGFR/ALK-targeted treatment, and 85.1 percent received no targeted treatment.
The delay in the establishment of the Faculty of Arts and Sciences, which was expected to take a lead role in the delivery of a broad-based education, led to the development of an innovative HASS course in the medical curriculum.
The ACLI has argued that the broad-based assessment is unfair and unconstitutional.
The report said, 'It would be desirable for the bank licensing regime to move to a uniform license across all broad-based banks, irrespective of ownership, subject to inter-jurisdictional reciprocity considerations in respect of foreign banks, and niche licenses for banks with more narrowly defined businesses.'
Crucially, the outlook is broad-based, with businesses in sectors across the economy increasingly confident about the future - the expectations balance is at a record +42%.
John Kerry to host a meeting with the broad-based collective leadership of Armenian American organizations, prior to the annual April
The reduction in anticipated revenue for the second quarter is primarily the result of broad-based weakness in demand in end markets.
Islamabad -- JUI-F chief Maulana Fazlur Rehman and leader of the Movement for Restoration of Bahawalpur Province Muhammad Ali Durrani decided to form a broad-based alliance for making of new province.
The EU urges Libya's interim rulers to push for a broad-based reconciliation in the country following the death of deposed leader Muammar Qadhafi.
Last week the president of the new state also said the next cabinet would be lean and broad-based in order to effectively deliver services to the people of the region.
Washington, Mar.13 (ANI): UN Secretary-General Ban Ki-moon has called for "utmost restraint" and "a genuine and broad-based dialogue" in Yemen to avoid further deterioration of situation in the Middle East.
Summary: The Dahir (Royal decree) creating the National Human Rights Council (CNDH), as a national mechanism for promoting and protecting human rights and freedoms, ensures the autonomy of this institution, with a broad-based make-up and extensive powers.