Subindex

AAA

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.

INVESTOPEDIA EXPLAINS '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. Topix Core 30 Index

    The Topix Core 30 Index is a market index composed of 30 of the ...
  2. Index

    A statistical measure of change in an economy or a securities ...
  3. Index Fund

    A type of mutual fund with a portfolio constructed to match or ...
  4. Diffusion Index

    1. A measure of the percentage of stocks that have advanced in ...
  5. BUGS Index - HUI

    An acronym for "basket of un-hedged gold stocks". The BUGS index ...
  6. Sector Fund

    A stock mutual, exchange-traded or closed-end fund that invests ...
Related Articles
  1. Introduction To The Arms Index
    Active Trading

    Introduction To The Arms Index

  2. Beware The Index Hugger
    Mutual Funds & ETFs

    Beware The Index Hugger

  3. The ABCs Of Stock Indexes
    Economics

    The ABCs Of Stock Indexes

  4. Index Investing
    Mutual Funds & ETFs

    Index Investing

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center