Subindex

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. Industry

    A classification that refers to a group of companies that are ...
  6. NY Empire State Index

    A seasonally adjusted index that tracks the results of the Empire ...
Related Articles
  1. ETFs & Mutual Funds

    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. Trading

    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. ETFs & Mutual Funds

    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. ETFs & Mutual Funds

    Industrial Metals Are Stuck In A Downtrend

    Weakness in China has sparked concern that the downward pressure will continue to dominate the trends of the industrial metals. We'll take a look at several charts to see where they are headed ...
  5. ETFs & Mutual Funds

    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.
  6. ETFs & Mutual Funds

    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.
  7. ETFs & Mutual Funds

    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.
  8. Markets

    Understanding The Consumer Confidence Index

    We look at this closely watched economic indicator to see what it means and how it's calculated.
  9. ETFs & Mutual Funds

    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

    Active Traders Are Turning to Soft Commodities for Answers

    Based on the charts of these exchange traded notes now is the time to buy soft commodities such as coffee and sugar.
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. What are the main benchmarks that track the banking sector?

    Read about the most important benchmarks that can be used to track the banking sector, and why banking benchmarks tend to ... Read Answer >>
Hot Definitions
  1. Put Option

    An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security ...
  2. Frexit

    Frexit – short for "French exit" – is a French spinoff of the term Brexit, which emerged when the United Kingdom voted to ...
  3. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  4. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  5. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  6. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
Trading Center