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Industry and Sub Industry names - where do they come from? Rate this Topic:
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racetm
Posted : Wednesday, January 22, 2014 9:47:46 PM
Registered User
Joined: 9/23/2011
Posts: 6

Hello,

 

I'm trying to figure out where Worden gets their data with respect to the classification of stocks to Industry and Sub Industry groups.  I would like a complete list of all sectors, industries, and sub industries as worden maps them out, but I can't find a matching list anywhere.

 

The names of Industries and Sub Industries, as well as where a given stock falls, do not conform to any of the following lists, as far as I can tell:

The Morningstar Global Industry Classification Standard (http://www.morningstarcommodity.com/get-support/data-sources/core-vendors/global-industry-classification-standard-gics)

Yahoo Industry List (this one comes close - but there ae no subindustries (http://biz.yahoo.com/p/sum_conameu.html)

Hoovers Industry Classification (http://www.hoovers.com/industry-analysis/industry-directory.html)

The ICB Industry Classification Benchmark (http://www.icbenchmark.com/Site/ICB_Structure)

For example, few (if any) of the above lists have an Industry called "Banking".  Nor do they classify Banks in to sub-industries such as "Money Center Banks", "Regional - Midwest Banks", "Regional - Pacific Banks", etc.  This is just one example, but it applies broadly across most if not all industry groups.  I have also found cases where a particular 'Industry" within TC2000 is actually a 'Sub Industry' or 'Industry Group' according to other sources.

 

I'm really having a hard time integrating my analysis between TC2000 and other tools, because whenever I get a ticker list from another source and try to continue my analysis from within TC2000, I need to re-classify all of the stocks in to TC2000's industry groups, and often the matching is arbitrary because the mappings are not 1 to 1.  Can anyone please tell me how TC2000 classifies stocks, and how each Industries map to the broad sectors?

 

Help!

 

 

racetm
Posted : Wednesday, January 22, 2014 9:59:52 PM
Registered User
Joined: 9/23/2011
Posts: 6

For anyone interested, I found a bit more information.  According to this source, it seems as though the naming system used by tc2000 (as well as freestockcharts.com) corresponds to the old legacy morningstar classification system, with some groups moved around in order to get past the 9 sub industry groups per industry limitation.  This explains a lot - including why some of the names do not match the classifications found at other sources.  hopefully this information is of use to someone else.

 

http://marketmonksmusings.blogspot.ca/2011/08/morningstar-industrial-classification.html

 

racetm
Posted : Wednesday, January 22, 2014 10:29:08 PM
Registered User
Joined: 9/23/2011
Posts: 6

I found some additional information which maps the Industries to the broader sectors.  See the spreadhseet download at the bottom of this page:

http://www.amibroker.org/userkb/2007/09/16/hemscott-classifications/

 

Actually I'll just paste it here in case that page goes down:

 

1. BASIC MATERIALS
11 CHEMICALS
Chemicals - Major Diversified
Synthetics
Agricultural Chemicals
Specialty Chemicals
12 ENERGY
Major Integrated Oil & Gas
Independent Oil & Gas
Oil & Gas Refining & Marketing
Oil & Gas Drilling & Exploration
Oil & Gas Equipment & Services
Oil & Gas Pipelines
13 METALS & MINING
Steel & Iron
Copper
Aluminium
Industrial Metals & Minerals
Gold
Silver
Non-metallic Mineral Mining
back to top
2. CONGLOMERATES
21 CONGLOMERATES
Conglomerates
back to top
3 CONSUMER GOODS
31 CONSUMER DURABLES
Appliances
Home Furnishings & Fixtures
Housewares & Accessories
Business Equipment
Electronic Equipment
Toys & Games
Sporting Goods
Recreational Goods, Other
Photographic Equipment & Supplies
32 CONSUMER NON-DURABLES
Textile - Apparel Clothing
Textile - Apparel Footwear & Accessories
Rubber & Plastics
Personal Products
Paper & Paper Products
Packaging & Containers
Cleaning Products
Office Supplies
33 AUTOMOTIVE
Auto Manufacturers - Major
Trucks & Other Vehicles
Recreational Vehicles
Auto Parts
34 FOOD & BEVERAGE
Food - Major Diversified
Farm Products
Processed & Packaged Goods
Meat Products
Dairy Products
Confectioners
Beverages - Brewers
Beverages - Wineries & Distillers
Beverages - Soft Drinks
35 TOBACCO
Cigarettes
Tobacco Products, Other
back to top
4 FINANCIAL
41 BANKING
Money Center Banks
Regional - Northeast Banks
Regional - Mid-Atlantic Banks
Regional - Southeast Banks
Regional - Midwest Banks
Regional - Southwest Banks
Regional - Pacific Banks
Foreign Money Center Banks
Foreign Regional Banks
Savings & Loans
42 FINANCIAL SERVICES
Investment Brokerage - National
Investment Brokerage - Regional
Asset Management
Diversified Investments
Credit Services
Closed-End Fund - Debt
Closed-End Fund - Equity
Closed-End Fund - Foreign
43 INSURANCE
Life Insurance
Accident & Health Insurance
Property & Casualty Insurance
Surety & Title Insurance
Insurance Brokers
44 REAL ESTATE
REIT - Diversified
REIT - Office
REIT - Healthcare Facilities
REIT - Hotel/Motel
REIT - Industrial
REIT - Residential
REIT - Retail
Mortgage Investment
Property Management
Real Estate Development
back to top
5 HEALTHCARE
51 DRUGS
Drug Manufacturers - Major
Drug Manufacturers - Other
Drugs - Generic
Drug Delivery
Drug Related Products
Biotechnology
Diagnostic Substances
52 HEALTH SERVICES
Medical Instruments & Supplies
Medical Appliances & Equipment
Health Care Plans
Long-Term Care Facilities
Hospitals
Medical Laboratories & Research
Home Health Care
Medical Practitioners
Specialized Health Services
back to top
6 INDUSTRIAL GOODS
61 AEROSPACE/DEFENSE
Aerospace/Defense - Major Diversified
Aerospace/Defense Products & Services
62 MANUFACTURING
Farm & Construction Machinery
Industrial Equipment & Components
Diversified Machinery
Pollution & Treatment Controls
Machine Tools & Accessories
Small Tools & Accessories
Metal Fabrication
Industrial Electrical Equipment
Textile Manufacturing
63 MATERIALS & CONSTRUCTION
Residential Construction
Manufactured Housing
Lumber, Wood Production
Cement
General Building Materials
Heavy Construction
General Contractors
Waste Management
back to top
7 SERVICES
71 LEISURE
Lodging
Resorts & Casinos
Restaurants
Specialty Eateries
Gaming Activities
Sporting Activities
General Entertainment
72 MEDIA
Advertising Agencies
Marketing Services
Entertainment - Diversified
Broadcasting - TV
Broadcasting - Radio
CATV Systems
Movie Production, Theaters
Publishing - Newspapers
Publishing - Periodicals
Publishing - Books
73 RETAIL
Apparel Stores
Department Stores
Discount, Variety Stores
Drug Stores
Grocery Stores
Electronics Stores
Home Improvement Stores
Home Furnishing Stores
Auto Parts Stores
Catalog & Mail Order Houses
74 SPECIALTY RETAIL
Sporting Goods Stores
Toy & Hobby Stores
Jewelry Stores
Music & Video Stores
Auto Dealerships
Specialty Retail, Other
75 WHOLESALE
Auto Parts Wholesale
Building Materials Wholesale
Industrial Equipment Wholesale
Electronics Wholesale
Medical Equipment Wholesale
Computers Wholesale
Drugs Wholesale
Food Wholesale
Basic Materials Wholesale
Wholesale, Other
76 DIVERSIFIED SERVICES
Business Services
Rental & Leasing Services
Personal Services
Consumer Services
Staffing & Outsourcing Services
Security & Protection Services
Education & Training Services
Technical Services
Research Services
Management Services
77 TRANSPORTATION
Major Airlines
Regional Airlines
Air Services, Other
Air Delivery & Freight Services
Trucking
Shipping
Railroads
back to top
8 TECHNOLOGY
81 COMPUTER HARDWARE
Diversified Computer Systems
Personal Computers
Computer Based Systems
Data Storage Devices
Networking & Communication Devices
Computer Peripherals
82 COMPUTER SOFTWARE & SERVICES
Multimedia & Graphics Software
Application Software
Technical & System Software
Security Software & Services
Information Technology Services
Healthcare Information Services
Business Software & Services
Information & Delivery Services
83 ELECTRONICS
Semiconductor - Broad Line
Semiconductor - Memory Chips
Semiconductor - Specialized
Semiconductor - Integrated Circuits
Semiconductor Equipment & Materials
Printed Circuit Boards
Diversified Electronics
Scientific & Technical Instruments
84 TELECOMMUNICATIONS
Wireless Communications
Communication Equipment
Processing Systems & Products
Long Distance Carriers
Telecom Services - Domestic
Telecom Services - Foreign
Diversified Communication Services
85 INTERNET
Internet Service Providers
Internet Information Providers
Internet Software & Services
9 UTILITIES
91 UTILITIES
Foreign Utilities
Electric Utilities
Gas Utilities
Diversified Utilities
Water Utilities
 

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