(redirected from performance ratings)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.


The performance of a predetermined set of securities, used for comparison purposes. Such sets may be based on published indexes or may be customized to suit an investment strategy.


A standard against which a security's performance is compared. A benchmark is usually an index of securities of the same or similar class. Stocks are usually compared against stocks; bonds against bonds, etc. Another type of benchmark considers securities according to industry: a telecommunications stock may be compared to other telecommunications stocks. Likewise, mid-cap securities may be benchmarked against other mid-cap securities. Some indices, such as the Dow Jones Industrial Average and the S&P 500, are considered to be benchmarks for the wider economy.


A standard by which something is measured. For example, bond yields are generally compared to benchmark yields on U.S. Treasury securities of similar maturity. Mutual fund performance is often compared to changes in the Standard & Poor's 500 Stock Index.


An investment benchmark is a standard against which the performance of an individual security or group of securities is measured.

For example, the average annual performance of a class of securities over time is a benchmark against which current performance of members of that class and the class itself is measured.

When the benchmark is an index tracking a specific segment of the market, the changing value of the index not only measures the strength or weakness of its segment but is the standard against which the performance of individual investments within the segment are measured.

For example, the Standard & Poor's 500 Index (S&P 500) and the Dow Jones Industrial Average (DJIA) are the most widely followed benchmarks, or indicators, of the US market for large-company stocks and the funds that invest in those stocks.

There are other indexes that serve as benchmarks for both broader and narrower segments of the US equities markets, of international markets, and of other types of investments such as bonds, mutual funds, and commodities.

Individual investors and financial professionals often gauge their market expectations and judge the performance of individual investments or market sectors against the appropriate benchmarks. In a somewhat different way, the changing yield on the 10-year US Treasury bond is considered a benchmark of investor attitudes.

For example, a lower yield is an indication that investors are putting money into bonds, driving up the price, possibly because they expect stock prices to drop. Conversely, a higher yield indicates investors are putting their money elsewhere.

Originally the term benchmark was a surveyor's mark indicating a specific height above sea level.


A permanent reference mark,usually set in concrete or iron and used to establish the elevation above sea level or certain corners in a surveying system. All other measurements in the area should be checked for accuracy relative to the nearest benchmark, preferably against several nearby benchmarks to establish redundancy.

References in periodicals archive ?
Attentional capture is a cognitive psychology theory that is used to understand how supervisors' cognitive focus and employee OCB interact to influence performance ratings.
Recommendation: To better ensure that the Dashboard provides accurate cost and schedule performance ratings, the Secretary of the Department of the Treasury should direct the CIO to comply with OMB's guidance on updating the CIO rating as soon as new information becomes available that affects the assessment of a given investment, including when an investment is in the process of a rebaseline.
For example, Bauer and Green (1996) found that actual similarity in positive affectivity (a trait similar to extraversion) related significantly to performance ratings.
Since metaanalysis theoretically combines samples across studies, these three studies could alter Kraiger and Ford's findings, leaving unclear how meaningfully race and sex affect performance ratings, given comparable levels of performance.
But the people still love him, his leadership and his unique style given his 'corrected' trust and performance ratings,' Pimentel said.
In the 2001-2002 performance tables below I have ordered the teams in each division according to their average match performance rating in league fixtures so far this season and also given their current league position and the difference between the two.
Hypothesis 1: Raters with higher levels of negative mood predisposition will on average give lower performance ratings to ratees than will raters with lower levels of negative mood predisposition.
All the insured depository institutions controlled by Popular received "outstanding" or "satisfactory" CRA performance ratings in their most recent CRA examinations by their primary federal supervisors.
Both the Senate and House performance ratings also increased, the survey showed.
This study investigated the agreement between superior and subordinate performance ratings and the correlations between these performance ratings and standardized measures of job satisfaction.
Statistically, the rating is significantly higher than the average PBM performance ratings from employers who are less satisfied with financial transparency.
With the advent of consumer-driven healthcare plans, more health plans and hospitals are publishing quality and performance ratings on their web site.

Full browser ?