Benchmark

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Benchmark

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.

Benchmark

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.

benchmark

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.

Benchmark.

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.

benchmark

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 ?
And Whetstone says companies do recognize cyber risks today more than in the past.
Lawyers for the state of Alabama don't have to prove motive to apply the death penalty if the three are convicted, but Whetstone says the jury needs to know there were aggravating circumstances.
We definitely jumped through whatever hoops we could to get this done and Christie was super accommodating, making sure we received everything we needed to get it done on time, Whetstone added.
A new 204-unit apartment complex, Whetstone is in down town Durham, North Carolina, near Duke University.
A 27-year veteran of Walgreens, Whetstone has developed the chain's FlexStore strategy, a pilot program of stores smaller than the familiar 15,000-square-foot outlets yet retaining the chain's brand equity.
Zehraan Ali, from Croft Street Primary, and Kate Skidmore from Whetstone Field Primary.
They did not squander it and racked up a 24-3 half-time lead through tries from Kramer Ronaki, Ben Whetstone and brothers Ali and Simon Hepher.
Keith Whetstone, who had been suffering from prostate cancer, died at the age of 72 on Sunday.
Whetstone began the game on the right wing and, after 18 minutes, he touched down in the right corner.
PW Insight will serve as a compendium of relevant information that affects public company life and behavior," said Managing Director Rob Whetstone.
Thats why Shandong Province is here this week exhibiting at the Royal Show; and spending money in SA, something a lazy Tim Whetstone forgets.
NYSE: BRG) has acquired, through a joint venture, a 204-unit class AA new construction apartment community known as Whetstone Apartments in Durham, North Carolina, the company said.