 |
Definition of 'Industry Group'
A classification method for individual stocks or companies, usually grouped based on common lines of business. Although there is no official standard for industry group classification, Investor's Business Daily has a proprietary model that is popular with 197 industry groups, and Reuter's Baseline uses another, with about 185. Most designations will have somewhere between 150 and 200 industry groups in total, with the sum total of industry groups capturing nearly all of the economy as can be measured by the GDP.
|
