SMB Index: Local Stocks Make Gains in September | Street Fight

SMB Index: Local Stocks Make Gains in September

SMB Index: Local Stocks Make Gains in September

This 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.

After a flat month in August, the SCP SMB Index gained 2.1%, consistent with the S&P 500 and Dow Jones.

Summary of the SCP SMB performance vs other benchmark indices

The SCP SMB Index gained 2.1% in September. The S&P 500 and Dow Jones gained 2.1% and 2.2%, respectively, while the Nasdaq was up 1.3% during the month of September.

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 September 30, 2017:

  • SCP SMB Index — 135.58%
  • S&P 500–124.71%
  • Nasdaq — 131.62%
  • Dow Jones — 130.51%

Monthly gains

During September the SCP SMB Index climbed from $116.16, up to $118.65 at the end of the month.

In comparison, during the month of September, other benchmark indices made the following moves:

  • the S&P 500 was up 2.1% during the month of September
  • the Nasdaq increased 1.3% from the end of August
  • the Dow Jones climbed 2.2% since the end of August

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 ~57% of the total market cap of all 35 companies and therefore the movement of these 5 companies influence the SMB Index as a whole.

 

Paychex led the way in September up 5.9% while First Data Corp fell 1.5% during the month.

Here are the top 5 gainers and losers for September

 

Xero led the gainers, up 17.7% in the month of September, while GrubHub led the list of losers down 7.8% during September.

Here’s how all 35 companies stacked up in the month of September

24 out of the 35 companies in the SCP SMB Index experienced gains in the month of September.

 

You can follow the SurePath SMB Index in real time at: http://www.surepathcapital.com/smb-index