Glossary Term: INDEX
Definition(s) for INDEX:
1. ) Also called stock index, it refers to the relative value of a variable in comparison with itself on a different date. Many security price indicators such as the S & P's series and the NYSE series are constructed as indices.
2. ) Any comprehensive measure of market trends, intended for investors who are concerned with general stock market price movements.
3. ) a measurement used by lenders to determine changes to the Interest rate charged on an adjustable rate mortgage
4. ) A compilation of the prices of several common entities into a single number. See also Price-Weighted Index, Capitalization-Weighted Index.
5. ) A compilation of several stock prices into a single number. Example: the S&P 100 Index.
6. ) The economic indicator used to calculate interest-rate adjustments for adjustable-rate mortgages. No one can be sure when an index rate will go up or down. See the chart Selected Index Rates for ARMs over an 11-year Period for examples of how some common indexes have changed in the past.
7. ) A statistical measure of the changes in a portfolio of stocks representing a portion of the overall market. For instance, the FTSE 100 and the S&P500 are examples of indices.
8. ) A statistical construction that measures relative or absolute price changes and/or returns for a given group of securities.The purpose of an index calculation is usually to provide a single number which represents the movements of a variety of prices or rates and is indicative of the behaviour in a market.
9. ) Measures the stock market movement based on a group of selected counters or sectors. For the Singapore market, the most common index is The Straits Times Index
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See Also:
COST OF FUNDS INDEX (COFI), DUAL INDEX NOTES, INDEX AMORTIZING NOTE (IAN), INDEX AMORTIZING SWAP (IAS), COMMODITY CHANNEL INDEX, AFFORDABILITY INDEX, ARMS INDEX, BARRON'S CONFIDENCE INDEX, CAPITALIZATION-WEIGHTED INDEX, INDEX FUTURES, INDEX METHOD, INDEX MODEL, INDEX WARRANT
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