This new monthly feature from SurePath Capital Partners looks at the relative optimism about a range of public companies working with SMB clients. Follow the SurePath SMB Index in real time by clicking here.
The SCP SMB Index climbed 5.4% in May — the most of all other benchmark indices for the second consecutive month. The Nasdaq was up 2.6%, while the S&P 500 was up 1%, and Dow Jones was flat, gaining 0.2%.
Returns since inception (indexed at Jan 4, 2016)
Since the inception of the SCP SMB Index in January 4, 2016 (where 100% is no change), here are the returns till May 31, 2017:
- SCP SMB Index — 127.73%
- S&P 500–119.89%
- Nasdaq — 126.52%
- Dow Jones — 122.63%
During May the SCP SMB Index climbed to $125.51, up from $119.07 at the end of April 2017.
In comparison, during the month of May, other benchmark indices made the following moves:
- the S&P 500 was up 1.0% flat during the month of May
- the Nasdaq climbed 2.6% from the end of April
- the Dow Jones increased 0.2% since the end of April
Drivers of movement
The SCP SMB Index is weighted based on the market capitalization of the 35 companies that are included in the index. The market cap of the top 5 companies (by market cap) accounts for ~60% of the total market cap of all 35 companies and therefore the movement of these 5 companies influence the SMB Index as a whole.
Last month, 4 of the top 5 constituents continued to experience stock price gains after April, which saw all 5 companies gain in value. Intuit led the way for the second consecutive month up 12.1%, on the back of a strong quarterly earnings report.
Here are the top 5 gainers and losers for May:
Angie’s List led the gainers, up 104.4% in the month of May after being acquired by IAC. Groupon led the list of losers down 23.8% during May.
Here’s how all 35 companies stacked up in the month of May
24 out of the 35 companies in the SCP SMB Index experienced gains in the month of May.
You can follow the SurePath SMB Index in real time at: http://www.surepathcapital.com/smb-index
SurePath Capital Partners helps startups raise the capital needed to become market leaders. When the time is right, the company help its clients achieve profitable, deliberate exit strategies. SurePath only works with startups in SaaS and commerce. Across those segments it has a deep focus on companies serving the global SMB market. Say hello: firstname.lastname@example.org