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.
Under normal market conditions, the fund invests at least 80% of its net assets in the securities comprising the index. The index is designed to track the performance of companies that are involved in the following sub-segments of the global music industry (the “Global Music Industry”): (i) music streaming; (ii) music content and distribution; (iii) live music events/ticketing; and (iv)music equipment and technology. The fund is non-diversified.
Market Cap
The average market capitalization across the MUSQ Global Music Industry Idx ETF ETF is 374.48B. 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 Idx ETF ETF was -1%. For the same ETF, the average monthly price growth was 10%, and the average quarterly price growth was 14%. TME experienced the highest price growth at 6%, while EDR experienced the biggest fall at -13%.
Volume
The average weekly volume growth across all stocks in the MUSQ Global Music Industry Idx ETF ETF was 58%. For the same stocks of the ETF, the average monthly volume growth was 20% and the average quarterly volume growth was 91%
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: 61
Price Growth Rating: 48
SMR Rating: 63
Profit Risk Rating: 73
Seasonality Score: -48 (-100 ... +100)