DEFINITION of 'Subindex'

A group of securities that are part of a larger classification, but that are also tracked as a separate group because of a common subcharacteristic.


A subsurvey that is a single component of a broader survey. A subindex answers a smaller question that is part of a larger question.

BREAKING DOWN 'Subindex'

For example, a grains subindex might only track soybeans, wheat and corn, providing a snapshot of just one part of the overall agriculture sector. Similarly, a copper subindex would track the performance of just one metal, while a broad-based metals index would track the performance of all metals.


The Present Situation Index is a subindex of the Consumer Confidence Index. The CCI is a broad measure of people's expectations about near-future economic performance, while the PSI emphasizes attitudes toward business and employment conditions. The PSI is combined with another subindex, the Expectations Index, which asks consumers about their expectations for economic activity. Together, these two subindices form the CCI.

RELATED TERMS
  1. Expectations Index

    A sub-index that measures overall consumer sentiments toward ...
  2. Present Situation Index

    A subindex that measures overall consumer sentiments toward the ...
  3. Industry Group

    A classification method for individual stocks or companies, usually ...
  4. Consumer Confidence Index - CCI

    A survey by the Conference Board that measures how optimistic ...
  5. NY Empire State Index

    A seasonally adjusted index that tracks the results of the Empire ...
  6. Tracking Stock

    1. Common stock issued by a parent company that tracks the performance ...
Related Articles
  1. Investing

    ETF/ETN Analysis: Natural Gas Subindex

    Discover an analysis of the iPath Bloomberg Natural Gas Subindex ENT, and learn about its characteristics and how it seeks to track its underlying index.
  2. Investing

    Base Metals Running Into Resistance (JJC, DBB)

    Based on the charts of these 3 ETFs, it could be a good time to avoid base metals.
  3. Investing

    The Top 3 ETFs For Investing in Grains (JJG, GRU)

    Learn about how investors can use exchange-traded funds (ETFs) and exchange-traded notes (ETNs) to obtain exposure to potential profits available in the grain markets.
  4. Investing

    SCO: ProShares UltraShort Bloomberg Crude Oil ETF

    Find out about the ProShares UltraShort Bloomberg Crude Oil ETF, the characteristics of the inverse ETF and the suitability and recommendations of it.
  5. Investing

    Are These 3 Agricultural ETFs, ETNs a Good Bet? (DBA, RJA)

    Three top tier agriculture ETFs and ETNs to consider when the time is right.
  6. Investing

    GAZ vs. NAGS: Comparing Natural Gas ETFs

    Explore the viability of two exchange-traded funds offering exposure to natural gas prices, including advantages, issues and an alternate investment selection.
  7. Insights

    Understanding The Consumer Confidence Index

    We look at this closely watched economic indicator to see what it means and how it's calculated.
  8. Insights

    Why the Purchasing Managers' Index Matters

    The Purchasing Managers' Index is a telling sign of the U.S. economy. But what is it?
  9. Investing

    UCO: ProShares Ultra Bloomberg Crude Oil ETF

    Find out more about the ProShares Ultra Bloomberg Crude Oil ETF, the characteristics of UCO and the suitability and recommendations of UCO for investors.
  10. Trading

    Traders Are Turning Bullish On Industrial Metals (JJU, JJM)

    Copper, aluminum and zinc can often be used by strategic traders as a barometer of the state of the global economy.
RELATED FAQS
  1. Are there leveraged ETFs that track the metals and mining sector?

    Understand what a leveraged ETF is, and learn about leveraged ETFs that track the metals and mining sector and are available ... Read Answer >>
  2. What does it mean to invest in base metals?

    Learn what is means to invest in the base metals sector and how investors can take advantage of various investment strategies ... Read Answer >>
  3. What are the main benchmarks for tracking the performance of the metals and mining ...

    Discover how benchmarks are useful to investors and a variety of indexes and ETFs that can be used as benchmarks to track ... Read Answer >>
  4. Why should an investor in the retail sector consider the Consumer Confidence Index?

    Learn how the Consumer Confidence Index works and why it is such a valuable tool for retail investors to predict future consumer ... Read Answer >>
  5. How much does China's growth affect the price of industrial metals?

    Find out why the health of the Chinese economy is such an important variable for the prices of industrial metals, such as ... Read Answer >>
  6. Why is it important to track the Commodity Channel Index - CCI?

    Learn more about the commodity channel index, a technical momentum oscillator that traders can use to track overbought and ... Read Answer >>
Hot Definitions
  1. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  2. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  3. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  4. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  5. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  6. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
Trading Center