NYSE Amex Composite Index

AAA

DEFINITION of 'NYSE Amex Composite Index'

An index made up of stocks that represent the NYSE Amex equities market. The NYSE Amex Composite Index is a market capitalization-weighted index, so the weight of each stock depends on the price of the shares and how many are outstanding.

INVESTOPEDIA EXPLAINS 'NYSE Amex Composite Index'

The index is used to quickly judge the overall movement of the NYSE Amex equities market. It was previously known as the American Stock Exchange (Amex) Composite Index and can be found under the symbol XAX.

NYSE Euronext acquired the American Stock Exchange on October 1, 2008, and branded it as NYSE Alternext US, which was then changed to the NYSE Amex Equities in 2009. It is primarily an equity market for emerging growth companies.

RELATED TERMS
  1. S&P/TSX Composite Index

    The Canadian equivalent to the S&P 500 market index in the ...
  2. Capitalization-Weighted Index

    A type of market index whose individual components are weighted ...
  3. New York Stock Exchange - NYSE

    A stock exchange based in New York City, which is considered ...
  4. NYSE Composite Index

    An index that measures the performance of all stocks listed on ...
  5. Toronto Stock Exchange - TSX

    The largest stock exchange in Canada. The Toronto Stock Exchange ...
  6. Dow Jones Industrial Average - ...

    The Dow Jones Industrial Average is a price-weighted average ...
Related Articles
  1. An Introduction To Stock Market Indexes
    Investing Basics

    An Introduction To Stock Market Indexes

  2. The ABCs Of Stock Indexes
    Economics

    The ABCs Of Stock Indexes

  3. Index Investing
    Mutual Funds & ETFs

    Index Investing

  4. Where can I find all of the stocks in ...
    Investing

    Where can I find all of the stocks in ...

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center