(redirected from whetstone)
Also found in: Dictionary, Thesaurus, Medical, Idioms, Encyclopedia, Wikipedia.


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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.


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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Whetstone also disputed that the defendants had probable cause for the initial traffic stop which began because she was accused of obstructing traffic and disagreed that her claims only arose out of the Fourth Amendment and not the Fourteenth as well.
Traditional professional liability/E&O policies offer negligence-only coverage, Whetstone said, "but our technology protection policy provides negligence coverage, along with affirmative breach of contract coverage not available under most standard technology E&O forms"
And Whetstone says companies do recognize cyber risks today more than in the past.
Whetstone: Think about a situation where someone breaks into my car and steals a laptop out of the back seat and there was some sensitive information on the hard drive.
While Whetstone and his team have expanded space for dry groceries, frozen food and dairy/dell products in the stores, fresh and frozen foods director Jim Jensen has overseen an addition of perishables, produce and prepared meals.
Davis has used the Academic Improvement Plans to help change Whetstone's culture over the four years she has been principal, asking teachers to be aware of the different learning styles of each student, adding more academic and other supports, and focusing on academic achievement while still keeping some fun activities like Thanksgiving sing-alongs.
One for the books, Chad Whetstone's, 'Relint' is a dazzling debut.
Mr Whetstone, who is based near York, said: "The treasure hunts have been going for around six months.
SCORERS: Bedford - tries: Whetstone, Vass, Paramore; conversion: Hinton; penalties: Hinton (3).
Burrows & Whetstone Industries' new Colorado G-O Tool is an innovative product designed specifically for opening the rib cage and pelvis of big game animals.
"It took a very long and painful time for him to die," says Baldwin County district attorney David Whetstone, who believes the injuries didn't all happen at once and that the severity of the wounds suggests Weaver was killed because he was gay.
Emily Marsalis Whetstone and Stephen Wade Poole II were united in marriage on Saturday, May 25, 2002, at six in the evening at Woodville Baptist Church.