MARKET COMPOSITE
Packaged Software Stocks19-30-2024 20:30:00 PM
Price
$118.64
-0.92%
The list of companies include ABST-Absolute Software Corp, ACIW-ACI Worldwide Inc, ADBE-Adobe Inc, ADSK-Autodesk Inc., AGYS-Agilysys, Inc, ALTR-Altair Engineering Inc, AMST-Amesite Operating Co, AMSWA-American Software Inc., ANSS-Ansys Inc., APPN-Appian Corp, ASAN-Asana Inc, ASUR-Asure Software Inc, AVID-Avid Technology, Inc., AYX-Alteryx Inc, AZPN-Aspen Technology Inc., BB-BlackBerry Ltd, BIGC-BigCommerce Holdings Inc, BILL-Bill.com Holdings Inc, BKI-Black Knight Inc, BL-BlackLine Inc, BLI-Berkeley Lights Inc, BLKB-Blackbaud Inc, BSQR-BSquare Corp, BSY-Bentley Systems Inc, CDNS-Cadence Design Systems, Inc., COUP-Coupa Software Inc, CREX-Creative Realities Inc, CRM-Salesforce.Com Inc, CRNC-Cerence Inc, CRSR-Corsair Gaming Inc
* Latest intraday update before market close @ 19:45:45 PM 04/19/2024
Summary
:
Average return is down -1.1%
Median return is down -1.0%
33 out of 120 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
GMGI -8.8%PALT -7.2%OPRA -6.6%BTCY -6.4%VERI -5.3%PHR -4.5%EH -4.4%CRWD -4.2%DDOG -3.9%SPT -3.8%DDI -3.8%NVEC -3.8%LYFT -3.5%SABR -3.5%FICO -3.3%ZDGE -3.3%RDCM -3.3%PLTR -3.2%UBER -3.2%ICAD -3.1%U -2.8%ZS -2.7%MDB -2.6%HCAT -2.5%SNOW -2.4%HUYA -2.4%DOCU -2.4%MANH -2.3%BILL -2.2%SMAR -2.1%

Aggregated price index with volume information

Summary:

  • Packaged Software stocks down 0.9% on average while median return down 0.8% in a day
  • Packaged Software stocks down 4.4% on average while median return down 5.1% in a week
  • Packaged Software stocks down 6.1% on average while median return down 7.7% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
CMCM5.0%
-23.2%
44.5%
-11.180.080.2634M13%53-\/Above resistance560.6%
MTLS4.0%
2.8%
3.6%
-4.949.627.91307.1M30%53/-\-439-0.2%
HSTM3.5%
0.3%
-7.3%
50.08185.332.423.31-68%755.1M7%76%42\/\/2200.0%
XAIR3.4%
-14.6%
-20.1%
5.94128.6744M19%21%32/\320-0.3%
ADSK2.8%
-8.6%
-17.5%
51.081.5163.2216.10591%46.3B1%94%27/\/2200.1%
BLBX2.2%
1.5%
0.0%
-1.98.9M53
ALTR1.9%
0.3%
-1.0%
-743.992.2712.629.87138%4.7B13%98%47/\/2200.1%
PRTH1.9%
2.2%
2.2%
1.25242.2M1%7%51\157-0.1%
ENV1.8%
10.5%
12.2%
-14.462.214.604.103.5B5%104%71/\Above resistance439-0.1%
SLP1.7%
-2.9%
3.2%
87.058.056.7724.0049%902.4M14%69%52\/\/Above resistance860.2%
TENB1.7%
-7.6%
-8.5%
-66.0916.326.8710.045.3B2%94%38/\/2200.1%
ACIW1.4%
-0.2%
-0.6%
28.552.943.673.4521%3.4B3%101%49/\/2200.2%
CANG1.4%
-4.1%
-5.4%
12.520.110.26137.6M32%46/\-/Below support540.8%
EGHT1.4%
-6.4%
-21.6%
-4.86-10.2317.845.42269.7M22%101%33/\439-0.1%
SPSC1.4%
-2.5%
-10.1%
94.274.138.0010.727%6.2B3%101%36/\/Below support2200.1%
INSE1.3%
-7.1%
-7.6%
34.18-0.771.88236.1M9%51%41\/-/\At resistance219-0.2%
ALIT1.2%
-1.1%
-9.5%
-12.945B44\/\/1400.1%
AZPN1.0%
-6.2%
-0.8%
212.7213.0749%12.6B5%101%43/-439-0.0%
ESTC0.9%
-1.1%
-7.0%
170.82-88.6328.9121.429.7B11%84%37/\/At support2200.5%
MGIC0.9%
-1.6%
-5.7%
13.981.682.891.8929%565.3M0%24%49-\/1050.1%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
Detail Performance Summary
  • 1M winners are : Winners for past month are $CMCM 44.5%, $PALT 27.0%, $IZEA 25.4%, $ENV 12.2%, $SABR 8.3%
  • 1M losers are : Losers for past month are $FTHM -24.9%, $CREX -27.4%, $CRNC -30.5%, $HCAT -30.7%, $LPRO -37.2%
  • 1W winners are : Winners for past week are $GMGI 23.4%, $BTCY 17.4%, $ENV 10.5%, $BSY 8.9%, $ZUO 7.6%
  • 1W losers are : Losers for past week are $XAIR -14.6%, $FTHM -17.8%, $CRNC -22.5%, $CMCM -23.2%, $VERI -24.7%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 20.2%, for the past 3 months is 16.6%

In the past month for a 5 days rolling window, the highest corrrelation is 29.6%, the lowest correlation is 3.7%, the latest correlation is 12.5%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 79.7% between ACIW and APPN

The lowest correlation is -56.7% between AMST and BKI

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