Notable companies
The most notable companies in this group are Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Spotify Technology SA (NYSE:SPOT), Tencent Music Entertainment Group (NYSE:TME).
Industry description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MUSQ Global Music Industry Index.
The index is comprised of publicly-traded global companies that generate at least 50% of their annual revenue or $1 billion in annual sales from one or more of the sub-segments of the global music industry. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Global Music Investments. The fund is non-diversified.
Market Cap
The average market capitalization across the MUSQ Global Music Industry ETF ETF is 365.8B. The market cap for tickers in the group ranges from 172.25M to 2.62T. AAPL holds the highest valuation in this group at 2.62T. The lowest valued company is LVO at 172.25M.
High and low price notable news
The average weekly price growth across all stocks in the MUSQ Global Music Industry ETF ETF was -3%. For the same ETF, the average monthly price growth was -0%, and the average quarterly price growth was -7%. SPOT experienced the highest price growth at 14%, while LVO experienced the biggest fall at -12%.
Volume
The average weekly volume growth across all stocks in the MUSQ Global Music Industry ETF ETF was 55%. For the same stocks of the ETF, the average monthly volume growth was 104% and the average quarterly volume growth was 62%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 61
P/E Growth Rating: 58
Price Growth Rating: 51
SMR Rating: 67
Profit Risk Rating: 73
Seasonality Score: 19 (-100 ... +100)