Market Composite

Software-as-a-Service Stocks$136.80

-0.97%4:00PM 07/30/2021

The list of companies include BIGC-BigCommerce Holdings Inc, BILL-Bill.com Holdings Inc, DCT-Duck Creek Technologies Inc, DDOG-Datadog Inc, EPAY-Bottomline Technologies (Delaware) Inc, GAN-GAN Limited, GTYH-GTY Technology Holdings Inc, HSTM-Healthstream Inc, JAMF-Jamf Holding Corp, LSPD-Lightspeed POS Inc, MDLA-Medallia Inc, MSP-Datto Holding Corp, PBTS-Powerbridge Technologies Co Ltd, PD-Pagerduty Inc, SAIL-SailPoint Technologies Holdings Inc, SUMO-Sumo Logic Inc, TWOU-2U Inc, APPF-Appfolio Inc, ASPS-Altisource Portfolio Solutions S.A., BOX-Box Inc, CAMP-Calamp Corp., CYRN-CYREN Ltd, EBIX-Ebix Inc., INSG-Inseego Corp, LTRX-Lantronix Inc, PAR-Par Technology Corp., PCYG-Park City Group, Inc., PDFS-PDF Solutions Inc., PRO-Pros Holdings Inc, QUMU-Qumu Corp

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

Summary :

Average return is down -1.1%

Median return is down -0.9%

10 out of 38 stocks are up (limited to those with intraday pricing feeds).

Top Movers : BIGC -6.8%, TWOU -5.6%, RSSS -5.4%, GTYH -4.4%, INSG -3.3%, LSPD -3.3%, MIXT -3.1%, PAR -3.0%, BEST -2.9%, BOX -1.9%,

Aggregated price index

Aggregated price index with volume information

Summary:

Software-as-a-Service stocks down 1.0% on average while median return down 0.9% in a day
Software-as-a-Service stocks down 0.6% on average while median return down 0.5% in a week
Software-as-a-Service stocks down 4.6% on average while median return down 2.2% 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 %

ASPS	4.6%	15.5%	3.9%	-1.87	-0.15		0.30		146.2M	5%	48%	60	\/\	168	-0.3%	43.2%	42.7%
PBTS	3.2%	3.2%	-39.8%			2.04	2.95		12M	0%	0%	42	-/\	121	-0.5%	57.0%	3.5%
SRAX	1.7%	0.7%	-21.9%		-1.21	3.61	8.42		98.8M	3%	14%	43	/	85	0.2%	13.1%	-16.4%
JAMF	1.4%	3.5%	-2.3%		2.74		13.20		3.9B	7%	96%	54	\/\	53	-0.2%	7.5%	4.6%
LTRX	1.3%	1.3%	1.9%	-32.15	1.45	3.40	2.29		151.7M	1%	26%	52	\/	168	0.1%	10.8%	-1.5%
PCYG	1.3%	-0.2%	1.8%		1.54	2.38	4.81	184%	109.5M	4%	34%	49	\/\	85	-0.1%	12.1%	-0.7%
MDLA	1.0%	1.6%	0.4%	-29.97	-1.41	10.62	10.19		5.4B	10%	92%	62	\/\	168	-0.1%	17.1%	11.7%
EPAY	0.8%	2.2%	8.8%	-142.91	1.08	3.63	3.67		1.8B	3%	93%	63	\/-\	85	-0.2%	14.3%	9.9%
HSTM	0.8%	-0.8%	4.5%	99.97	185.33	2.42	3.31	-68%	922M	7%	76%	65	\/	85	0.2%	5.4%	2.6%
BILL	0.5%	-0.6%	12.9%	-168.15	-41.21	32.79	82.49		19.5B	9%	102%	67	/	165	0.3%	8.9%	11.0%
PDFS	0.5%	4.5%	2.9%	-13.93	-17.44	2.87	7.11		689.1M	4%	72%	65	\/-\	85	-0.1%	10.7%	9.0%
SABRP	0.2%	7.7%	-13.8%						3.8B		17%	45	/\	83	-0.3%	9.5%	-1.0%
ASAN	-0.3%	-1.7%	14.6%	-35.71			41.52		6.5B	5%	51%	61	/\/	43	2.4%	5.7%	-7.7%
QUMU	-0.4%	-5.5%	-16.0%	-3.13	-0.41	2.28	1.81		42M	1%	60%	33	\/\	84	-0.9%	59.0%	27.3%
DDOG	-0.5%	-0.5%	6.4%	-740.3		38.88	45.90		25.9B	6%	76%	64	/-/	85	0.1%	10.5%	9.0%
MKD	-0.5%	-13.6%	-37.2%				0.02		74.9M		16%	27	\	184	-0.2%	48.6%	-29.4%
SAIL	-0.5%	-0.5%	-2.1%	-257.81	-38.97	11.66	12.17		4.6B	10%	107%	52	\/-\	85	-0.1%	9.8%	6.0%
DCT	-0.8%	-2.3%	1.0%		81.9	7.34	22.98		5.8B	9%	73%	55	/\/	49	0.2%	9.8%	2.2%
MSP	-0.8%	-2.7%	-6.3%		0.62		7.94	1030%	4.2B	13%	87%	42	\-/	40	0.1%	5.0%	-5.0%
RAMP	-0.8%	-3.3%	-14.6%	-29.42	42.34	2.62	6.41		2.7B	4%	97%	39	\/\	85	-0.3%	18.7%	-0.3%

* 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 $WK 16.6%, $ASAN 14.6%, $VERB 13.7%, $BILL 12.9%, $EPAY 8.8%
1M losers are : Losers for past month are $QUMU -16.0%, $MIXT -19.5%, $SRAX -21.9%, $PBTS -39.8%, $BEST -43.3%
1W winners are : Winners for past week are $ASPS 15.5%, $SABRP 7.7%, $PDFS 4.5%, $JAMF 3.5%, $PBTS 3.2%
1W losers are : Losers for past week are $TWOU -5.3%, $QUMU -5.5%, $BIGC -6.3%, $VERB -6.4%, $BEST -11.4%

Pick two stocks to compare:

DDOG

JAMF

Correlation Analysis

Index correlation analysis

Correlation for the past month is 20.1%, for the past 3 months is 18.0%

In the past month for a 5 days rolling window, the highest corrrelation is 34.9%, the lowest correlation is 1.5%, the latest correlation is 28.6%

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 75.2% between DDOG and JAMF

The lowest correlation is -49.7% between HSTM and INSG