benchmark


benchmark
(1) A standard of comparison used for judging performance. For example, the return from a bond portfolio may be compared to the return from a benchmark instrument or portfolio. In this context, a nearly risk-free benchmark or one that closely matches the risk in the bond portfolio may be selected.
(2) The process of comparing a forecast or simulation to a standard for the purpose of evaluating the accuracy of the forecast or simulation. For example, the forecasted change in net income projected by an ALM simulation model may be benchmarked by comparing that forecast to subsequent earnings.
Also called benchmarking.
(3) See index. American Banker Glossary
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The performance of a predetermined set of securities, used for comparison purposes. Such sets may be based on published indexes or may be customized to suit an investment strategy. Bloomberg Financial Dictionary
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A standard used for comparison Exchange Handbook Glossary
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A standard used for comparison. For example, the performance of some index mutual funds is compared to the performance of for instance the CAC40 that serves as a benchmark. NYSE Euronext Glossary
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Standard gauge against which the performance of a given security can be measured. Indices are often used as a benchmark. NYSE Euronext Glossary

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I. benchmark bench‧mark 1 [ˈbentʆmɑːk ǁ -mɑːrk] noun [countable]
1. something that can be used as a comparison by which to judge or measure other things:

• The newest Treasury bond is the benchmark bond, the one that trades most heavily.

2. COMMERCE a good performance that one company has achieved, that can be used as a standard to judge other companies of the same type:

• Companies need to know how much return they can expect from their IT investments: they need benchmarks to see how their systems are performing.

  [m0] II. benchmark benchmark 2 verb [transitive] COMMERCE
to use a company's good performance as a standard by which to judge the performance of other companies of the same type:
benchmark somebody/​something against something

• British Steel have benchmarked themselves against the best operations anywhere in the world.

— benchmarking noun [uncountable] :

• Mr O'Neill, a newcomer to the industry, heeds theories of cost control and benchmarking against other industries.

* * *

   A standard used for comparison. A benchmark security is usually the most recently issued security in good size. It sets the standard for the rest of the market. A benchmark issue is highly liquid.

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Ⅰ.
benchmark UK US /ˈbenʃmɑːk/ noun [C]
a level of quality that can be used as a standard against which to compare other things: »

Apple's iconic iPhone became the benchmark in the market.

»

The new report provides a benchmark for food companies around the world.

»

The catalog industry can discover new opportunities by comparing its own business trends to industry benchmarks.

»

They set the benchmark for ethical beauty packaging.

»

The company sets the benchmark against which other businesses make health care decisions.

FINANCE a share price, interest rate, etc. that other share prices, interest rates, etc. can be compared against: the benchmark for sth »

This year the benchmark for iron ore is $60 a tonne.

»

The Merval stock index, the benchmark measure of Argentina's stock market, rose 8.2% yesterday.

»

The benchmark price of oil dropped from $59 to $53 per barrel.

IT a computer program that measures the quality and speed of computer software or hardware (= equipment or electronic parts): benchmark program/software/test »

The benchmark tests show that the new machines are only slightly faster.

Ⅱ.
benchmark UK US /ˈbenʃmɑːk/ verb
[T] to measure the quality of something by comparing it with something else of an accepted standard: »

Being able to benchmark performance is very important for new companies.

»

The European Parliament has launched a programme to benchmark employment laws across the EU.

[I or T] to use something as a standard in order to improve your own work, products, or processes: benchmark (sb/sth) against sth »

The company continues to benchmark against the competition.

»

The results allow the company to benchmark itself against other organizations and identify areas for improvement.

[T] IT to test the quality and speed of computer software or hardware (= equipment or electronic parts): »

Benchmark the speed of your computer.


Financial and business terms. 2012.

Look at other dictionaries:

  • Benchmark — Saltar a navegación, búsqueda El benchmark es una técnica utilizada para medir el rendimiento de un sistema o componente del mismo, frecuentemente en comparación con el cual se refiere específicamente a la acción de ejecutar un benchmark. La… …   Wikipedia Español

  • Benchmark — may refer to: *Benchmark (surveying), a point of reference for a measurement *Benchmark (crude oil), a reference for and discussion of cost and/or pricing of petroleum, such as Brent Crude and West Texas Intermediate in terms of benchmarks based… …   Wikipedia

  • benchmark — This is a busy word with an interesting history and some recent developments. In its original physical meaning it referred to a wedge shaped incision made by surveyors in a vertical surface so that a bracket could be inserted to form a bench or… …   Modern English usage

  • benchmark — enchmark, bench mark ench mark (Surveying) 1. Any permanent mark to which other levels may be referred. such as: (a) A horizontal mark at the water s edge with reference to which the height of tides and floods may be measured. (b) a surveyer s… …   The Collaborative International Dictionary of English

  • benchmark — ● benchmark nom masculin (de l anglais benchmark, référence) Valeur de référence, généralement un emprunt d État, choisie pour estimer le prix d autres valeurs qui présentent des caractéristiques communes …   Encyclopédie Universelle

  • benchmark — (izg. bȅnčmark) m DEFINICIJA inform. sustav mjerenja ili standard SINTAGMA benchmark program program koji mjeri brzinu i djelotvornost računalnih operacija; mjerni program ETIMOLOGIJA engl …   Hrvatski jezični portal

  • benchmark — (n.) also bench mark, surveyor s point of reference, 1838, from a specialized surveyors use of BENCH (Cf. bench) + MARK (Cf. mark) (1); figurative sense is from 1884 …   Etymology dictionary

  • benchmark — /ˈbɛntʃmark, ingl. ˈbɛntʃˌmɑːk/ [nell uso fig. di «segno (mark) sul banco di lavoro (bench)»] s. m. inv. parametro di riferimento …   Sinonimi e Contrari. Terza edizione

  • benchmark — [n] reference point criterion, gauge, measure, standard, touchstone, yardstick; concept 688 …   New thesaurus

  • benchmark — ► NOUN 1) a standard or point of reference. 2) a surveyor s mark cut in a wall and used as a reference point in measuring altitudes …   English terms dictionary


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