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Software-as-a-Service Stocks25-04-2024 20:04:00 PM
Price
$104.62
-0.85%
The list of companies include BIGC-BigCommerce Holdings Inc, BILL-Bill.com Holdings Inc, DCT-Duck Creek Technologies Inc, DDOG-Datadog Inc, GAN-GAN Limited, HSTM-Healthstream Inc, JAMF-Jamf Holding Corp, LSPD-Lightspeed POS Inc, PBTS-Powerbridge Technologies Co Ltd, PD-Pagerduty 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, RAMP-LiveRamp Holdings Inc, RSSS-Research Solutions Inc, SRAX-SRAX Inc, VERB-Verb Technology Company Inc, WK-Workiva Inc
* Latest intraday update before market close @ 19:45:43 PM 04/25/2024
Summary
:
Average return is down -0.8%
Median return is down -1.5%
3 out of 20 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
RSSS -3.2%PD -3.1%BIGC -2.7%ASAN -2.7%LSPD -2.6%

Aggregated price index with volume information

Summary:

  • Software-as-a-Service stocks down 0.8% on average while median return down 1.3% in a day
  • Software-as-a-Service stocks up 1.9% on average while median return up 1.4% in a week
  • Software-as-a-Service stocks down 4.5% on average while median return down 4.6% 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
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 %)
ASPS10.0%
21.4%
-1.1%
-0.73-0.150.3049.6M5%48%51/-\151-0.4%
PDFS0.4%
-0.4%
-8.6%
378.92-17.442.877.111.2B4%72%38/\221-0.1%
APPF0.3%
2.0%
-12.9%
2925.8821.6516.8915.614.7B7%82%43/\/Below support2210.2%
HSTM0.0%
8.0%
-1.0%
52.34185.332.423.31-68%789.1M7%76%54\/\/2210.0%
WK-0.2%
2.4%
-3.3%
-33.8776.9614.534.1B9%90%46/\/-At support221-0.0%
PAR-0.6%
4.1%
-2.2%
-16.51-3.158.097.951.4B13%84%46/\-/2210.1%
GAN-0.8%
-5.4%
-4.7%
13.4355.3M7%48%29/\-3990.0%
LTRX-0.9%
1.6%
-5.2%
-12.761.453.402.29119.2M1%26%41/\-Below support2210.0%
BOX-1.1%
1.9%
-4.7%
40.433.47179.786.013.9B9%84%45/-\221-0.0%
RAMP-1.1%
-0.6%
-4.5%
-151.6142.342.626.412.1B4%97%39/\-/2210.2%
BEST-1.4%
0.5%
-8.0%
-0.530.430.0227.3M31%44\58-0.1%
DDOG-1.4%
0.2%
1.5%
902.7438.8845.9038.6B6%76%51/\/2210.3%
BILL-1.5%
-0.8%
-8.9%
-56.02-41.2132.7982.496.4B9%102%42/\220-0.2%
PRO-2.0%
1.3%
-2.3%
-27.81-1.7363.959.061.6B13%105%42\/\/2210.1%
BIGC-2.1%
-3.9%
-17.6%
-6.6626.90440M14%71%26\373-0.0%
CAMP-2.1%
6.7%
0.0%
-1.162.374.911.51121.6M3%78%52
ASAN-2.4%
6.5%
-4.3%
-12.541.523.1B5%51%45/-\-3580.0%
JAMF-2.5%
3.5%
8.3%
-21.732.7413.202.5B7%96%58-\-189-0.0%
LSPD-2.7%
1.8%
-4.5%
47.642B3%59%45/\-3630.0%
PD-2.7%
-3.0%
-8.4%
-24.81-3.1312.4316.081.9B16%87%38/\-\221-0.1%
* 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 $JAMF 8.3%, $DDOG 1.5%
  • 1M losers are : Losers for past month are $PDFS -8.6%, $RSSS -8.8%, $BILL -8.9%, $APPF -12.9%, $BIGC -17.6%
  • 1W winners are : Winners for past week are $ASPS 21.4%, $HSTM 8.0%, $ASAN 6.5%, $PAR 4.1%, $JAMF 3.5%
  • 1W losers are : Losers for past week are $BILL -0.8%, $RSSS -2.9%, $PD -3.0%, $BIGC -3.9%, $GAN -5.4%
Pick two stocks to compare:
LSPD
PD

Correlation Analysis

Index correlation analysis

Correlation for the past month is 15.1%, for the past 3 months is 13.5%

In the past month for a 5 days rolling window, the highest corrrelation is 31.0%, the lowest correlation is 4.0%, the latest correlation is 23.7%

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 75.0% between LSPD and PD

The lowest correlation is -63.7% between ASPS and GAN

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