Meaning NYSE COMPOSITE INDEX: Composite index covering price movements of all new world common stocks listed on the New York Stock Exchange. It is based on the close of the market on December 31, 1965, at a level of 50.00, and is weighted according to the number of shares listed for each issue. Print changes in the index are converted to dollars and cents so as to provide a meaningful measure of changes in the average price of listed stocks. The composite index is supplemented by separate indexes for four industry groups: industrial, transportation, utility, and finance
More terms such as NYSE composite index in Dictionary N.
- Definition Nonrefundable:
- Examples Not permitted, under the terms of an indenture, to be refundable nyse composite index definition.
- Definition Natural Logarithm:
- Examples Logarithm to the base e (approximately 2.7183 nyse composite index explain.
- Definition Net Working Capital:
- Examples Current assets minus current liabilities. Often simply referred to as working capital nyse composite index what is.
- Definition National Market System (NMS):
- Examples counter trading. System of trading OTC stocks under the sponsorship of the NASD. Must meet certain criteria for size, profitability and trading activity. More comprehensive information is available nyse composite index meaning.
- Definition Net Asset Value (NAV):
- Examples #039;s investments. For a mutual fund, the net asset value per share usually represents the fund's market price, subject to a possible sales or redemption charge. For a closed-end fund, the nyse composite index abbreviation.
