Market Composite

Packaged Software Stocks$162.16

-0.61%4:00PM 07/30/2021

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, AUUD-Auddia Inc, AVCO-Avalon GloboCare Corp, AVID-Avid Technology, Inc., AVLR-Avalara 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, BNFT-Benefitfocus Inc, BSQR-BSquare Corp, BSY-Bentley Systems Inc, CDNS-Cadence Design Systems, Inc., CHNG-Change Healthcare Inc

Latest intraday update before market close @ 19:45:51 PM 07/30/2021

Summary :

Average return is down -0.7%

Median return is down -0.5%

60 out of 175 stocks are up (limited to those with intraday pricing feeds).

Top Movers : TLMDW -13.8%, SGLB -10.9%, UPWK -10.2%, ZDGE -9.7%, BIGC -6.8%, IO -6.6%, RNWK -6.1%, DAO -5.7%, PRTH -5.7%, TWOU -5.6%, RNLX -5.1%, NVEC -4.6%, GTYH -4.4%, ICAD -4.4%, TWLO -4.3%, FROG -4.0%, LIZI -3.7%, EB -3.7%, U -3.5%, LKCO -3.5%, SCWX -3.5%, LSPD -3.3%, KBNT -3.3%, LAIX -2.8%, SABR -2.7%, BLI -2.7%, UBER -2.7%, SPT -2.7%, TENB -2.7%, LYFT -2.7%, AVLR -2.5%, SWI -2.5%, PHR -2.3%, YVR -2.2%, ZUO -2.2%, CRWD -2.1%, MFGP -2.1%, PLTR -1.9%, GAN -1.7%, DOMO -1.7%, AGYS -1.7%, ZM -1.7%, BB -1.7%, PING -1.7%,

Aggregated price index

Aggregated price index with volume information

Summary:

Packaged Software stocks down 0.6% on average while median return down 0.5% in a day
Packaged Software stocks down 0.4% on average while median return down 0.6% in a week
Packaged Software stocks down 6.8% on average while median return down 3.3% 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

Click on + to show price series and click on ticker for stock detail page

Ticker	1 Day Return	1 Week Return	1 Month Return	PE Ratio	PE/G	P/B (mrq)	P/S (ttm)	Earning Growth	MarketCap	Short %	Held By Institutions %	RSI	Price Pattern	Days Since Channel Change	Channel Slope (daily rate %)	Half Channel Bandwidth	Distance to Channel MidPoint %

TEAM	21.9%	19.8%	26.6%	-92.1	8.82	162.24	34.01		81.3B	4%	93%	84	/	85	0.1%	7.2%	25.5%
WORX	10.5%	14.5%	27.0%			2.92	3.20		22.2M	6%	3%	54	\/	203	0.1%	56.0%	17.1%
SPSC	8.5%	8.2%	9.1%	85.82	4.13	8.00	10.72	7%	3.9B	3%	101%	71	\/-\	85	-0.1%	7.1%	11.8%
TKAT	5.8%	15.8%	-58.6%			37.77	48.86		85.3M	6%	0%	35	-/-	79	-0.5%	52.3%	-49.1%
AVCO	5.6%	11.0%	0.0%			21.00	66.83		81.8M	6%	3%	55	\	168	-0.1%	25.8%	0.8%
NATI	4.7%	3.8%	4.3%	376.04	15.74	4.55	4.24	-97%	5.8B	3%	91%	63	\/\	85	-0.0%	9.2%	5.2%
CTK	3.6%	-4.0%	-13.8%		-0.15		0.27		85.9M		3%	41
EH	3.5%	1.5%	-38.8%				11.46		868.1M		15%	38	-/\	83	-0.2%	54.4%	-19.3%
NGMS	3.4%	-6.0%	-21.5%				31.73		1.2B	5%	18%	34	/\	36	-0.4%	10.3%	-8.9%
PBTS	3.2%	3.2%	-39.8%			2.04	2.95		12M	0%	0%	42	-/\	121	-0.5%	57.0%	3.5%
CANG	3.1%	-0.9%	-21.8%		12.52	0.11	0.26		474M		32%	41	\-/\	83	-0.7%	53.2%	17.0%
UEPS	2.9%	2.6%	-8.3%	-3.08	-0.44	1.03	2.22		243.8M	1%	45%	50	\/\	85	-0.4%	8.4%	4.8%
INSE	2.7%	3.1%	-9.1%		-0.77		1.88		267.7M	9%	51%	53	\/	168	0.7%	8.4%	-4.3%
XAIR	2.7%	-1.5%	21.6%			5.94	128.67		183.1M	19%	21%	61	/\-	168	0.1%	15.6%	27.7%
CMCM	2.5%	-2.4%	-14.3%		-11.18	0.08	0.26		90.5M		13%	44	\-	168	0.0%	22.4%	-11.6%
CREX	2.5%	0.0%	-23.0%			2.93	1.30		19.8M	17%	17%	40	\/-	121	0.1%	22.9%	-13.2%
SPRT	2.4%	29.8%	107.8%	-82.15		2.37	2.33		193.1M	41%	50%	72	\/	166	0.8%	17.7%	72.0%
CTXS	1.8%	-12.3%	-14.1%	30.6	2.06	57.22	4.56	-50%	12.5B	3%	97%	25	/\/\	85	-0.2%	8.6%	-7.7%
IZEA	1.8%	2.7%	-11.8%		-2.99	2.39	8.34		137.8M	4%	13%	45	\/-	85	-0.6%	39.5%	12.2%
PTC	1.8%	-11.3%	-4.1%	72.03	2.01	9.33	9.42	1427%	15.8B	2%	90%	42	\/-	85	0.0%	7.0%	-3.3%

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* 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.

1M winners are : Winners for past month are $SPRT 107.8%, $RMNI 41.1%, $WORX 27.0%, $TEAM 26.6%, $XAIR 21.6%
1M losers are : Losers for past month are $DOYU -41.1%, $AUUD -42.7%, $LAIX -47.8%, $TKAT -58.6%, $DAO -61.8%
1W winners are : Winners for past week are $SPRT 29.8%, $NCTY 29.1%, $API 21.4%, $TEAM 19.8%, $TKAT 15.8%
1W losers are : Losers for past week are $ZDGE -13.5%, $TLMDW -15.7%, $IH -17.1%, $BLCT -17.7%, $DAO -30.5%

Pick two stocks to compare:

AMST

BSQR

Correlation Analysis

Index correlation analysis

Correlation for the past month is 21.3%, for the past 3 months is 19.2%

In the past month for a 5 days rolling window, the highest corrrelation is 41.8%, the lowest correlation is 3.7%, the latest correlation is 41.8%

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 89.1% between AMST and BSQR

The lowest correlation is -35.6% between ASUR and AZPN