What Are Industry Benchmarks?
Industry Classification Benchmark ICB was jointly launched by FTSE Group and Dow Jones Indexes in January 2005. The system is based on transparent management rules. All companies and securities in the ICB database are classified into four levels of industry according to the management rules. . The industry classification benchmark provides one of the most comprehensive, efficient, and easy-to-use industry classification systems for trading and investment decisions.
Industry Classification Benchmark
- Chinese name
- Industry Classification Benchmark
- Foreign name
- Industry Classification Benchmark
- Also known as
- ICB
- Founder
- FTSE Group and Dow Jones Indices
- Industry Classification Benchmark ICB was jointly launched by FTSE Group and Dow Jones Indexes in January 2005. The system is based on transparent management rules. All companies and securities in the ICB database are classified into four levels of industry according to the management rules. . The industry classification benchmark provides one of the most comprehensive, efficient, and easy-to-use industry classification systems for trading and investment decisions.
- Starting from the complex needs of investors, ICB has provided a unified and comprehensive industry classification system for the financial industry, and classified management of more than 40,000 companies and 45,000 stocks worldwide. The classification system is divided into four levels, including 10 industries, 18 super-industries, 39 industries, and 104 subordinate industries. It can help users monitor small-scale market segments while monitoring macro-industry trends, and perform quantitative and qualitative analysis. ICB's independent management and support from global research teams ensure accurate representation of the ICB system, continuous growth and continuity of market monitoring.
- In 2005, ICB has become the market's preferred industry classification system, recognized and used by major global stock exchanges, including NASDAQ, New York Stock Exchange, London Stock Exchange, Euronext and Singapore Exchange, occupying the world market 65% of total capital. In addition, ICB has also been well received by many financial information and data providers worldwide, as well as publishers and media.
- The ICB Industry Classification Standard ( Industry C [1] lassification Benchmark ), the Global Industry Classification System (GICS) jointly launched by Standard & Poor's (S & P) and Morgan Stanley Corporation (MSCI), are listed as the two major global financial market industries. Classification criteria.
- The ICB industry classification standard was developed by the FTSE Index. The ICB divides the entire macroeconomic market into sectors. This system includes 10 primary industries, then into 19 supersectors, and further into 41 basic industry sectors. A total of 114 subsectors.
- The main purpose of ICB classification is to classify a single company into a sub-industry category. The main basis of classification is the company's "source of income", or "where does most of its income come from". If a company can be divided into several different parts, FTSE will make a final judgment on it, but the company can challenge this classification at any time.
- The ICB divides the market into increasingly specific categories, which allows investors to use the ICB classification to compare industry development trends among well-defined sub-sectors.
- On January 3, 2006, ICB replaced the traditional FTSE index and Dow Jones classification system and applied it to the NASDAQ-OMX Group, NYSE-Euronext, London Stock Exchange, Italian Exchange, Singapore Stock Exchange And other stock exchanges around the world. In addition to the two categories of securities investment institutions (8980) and non-securities investment institutions (8990), all other industry sectors are also reflected in the New York Stock Exchange listed company classification.
- The ICB classification is widely used in global financial markets, but it is not particularly common compared with S & P's GICS.
- ICB classification standard table (not listed in the fourth sub-industry classification)
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