Integrated Telecommunication Services
Integrated Telecommunication Services is losing market weight. Lost weight for 2 consecutive months.
Most of this industry's losses came from a few companies.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 100% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
Apr 2018 – Mar 2023 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Mar 2023 | 1.026% | -0.021 pp | -0.045 pp | -0.031 pp | -0.123 pp | +0.5% |
| Feb 2023 | 1.047% | -0.047 pp | +0.025 pp | -0.029 pp | -0.178 pp | -2.5% |
| Jan 2023 | 1.094% | +0.024 pp | +0.076 pp | -0.034 pp | -0.109 pp | +2.1% |
| Dec 2022 | 1.071% | +0.049 pp | +0.014 pp | -0.342 pp | -0.044 pp | +10.1% |
| Nov 2022 | 1.022% | +0.004 pp | -0.054 pp | -0.303 pp | -0.097 pp | +7.8% |
| Oct 2022 | 1.018% | -0.038 pp | -0.111 pp | -0.172 pp | -0.170 pp | +6.1% |
| Sep 2022 | 1.056% | -0.020 pp | -0.356 pp | -0.093 pp | -0.240 pp | -3.4% |
| Aug 2022 | 1.076% | -0.053 pp | -0.249 pp | -0.149 pp | -0.180 pp | +0.4% |
| Jul 2022 | 1.129% | -0.284 pp | -0.061 pp | -0.075 pp | -0.182 pp | +0.7% |
| Jun 2022 | 1.412% | +0.088 pp | +0.264 pp | +0.298 pp | +0.046 pp | +17.1% |
| May 2022 | 1.325% | +0.134 pp | +0.100 pp | +0.205 pp | -0.082 pp | +6.1% |
| Apr 2022 | 1.190% | +0.041 pp | -0.014 pp | +0.002 pp | -0.290 pp | -9.6% |
| Mar 2022 | 1.149% | -0.076 pp | +0.035 pp | -0.148 pp | +0.359 pp | -16.1% |
| Feb 2022 | 1.225% | +0.021 pp | +0.106 pp | -0.031 pp | +0.467 pp | -8.4% |
| Jan 2022 | 1.204% | +0.090 pp | +0.016 pp | -0.107 pp | +0.292 pp | -11.6% |
| Dec 2021 | 1.114% | -0.005 pp | -0.182 pp | -0.253 pp | -0.496 pp | -21.5% |
| Nov 2021 | 1.119% | -0.069 pp | -0.137 pp | -0.287 pp | -0.600 pp | -27.1% |
| Oct 2021 | 1.188% | -0.109 pp | -0.123 pp | -0.292 pp | -0.617 pp | -27.3% |
| Sep 2021 | 1.296% | +0.041 pp | -0.070 pp | +0.507 pp | +1.294 pp | -22.5% |
| Aug 2021 | 1.256% | -0.055 pp | -0.150 pp | +0.498 pp | +1.254 pp | -23.4% |
| Jul 2021 | 1.311% | -0.056 pp | -0.170 pp | +0.399 pp | +1.309 pp | -23.2% |
| Jun 2021 | 1.367% | -0.040 pp | +0.577 pp | -0.244 pp | +1.365 pp | -24.3% |
| May 2021 | 1.406% | -0.074 pp | +0.649 pp | -0.312 pp | +1.404 pp | -26.9% |
| Apr 2021 | 1.480% | +0.691 pp | +0.569 pp | -0.325 pp | -0.774 pp | -26.2% |
| Mar 2021 | 0.789% | +0.032 pp | -0.821 pp | +0.787 pp | +0.787 pp | -26.6% |
| Feb 2021 | 0.758% | -0.154 pp | -0.961 pp | +0.756 pp | +0.756 pp | -25.0% |
| Jan 2021 | 0.912% | -0.699 pp | -0.893 pp | +0.910 pp | -1.325 pp | -23.2% |
| Dec 2020 | 1.610% | -0.108 pp | +1.609 pp | +1.608 pp | -0.693 pp | -21.7% |
| Nov 2020 | 1.719% | -0.086 pp | +1.717 pp | +1.717 pp | -0.575 pp | -16.9% |
| Oct 2020 | 1.805% | +1.803 pp | +1.803 pp | -0.449 pp | -0.606 pp | -15.8% |
| Sep 2020 | 0.002% | -0.000 pp | -0.000 pp | +0.000 pp | -2.433 pp | -15.5% |
| Aug 2020 | 0.002% | +0.000 pp | -0.000 pp | +0.000 pp | -2.364 pp | -14.2% |
| Jul 2020 | 0.002% | -0.000 pp | -2.252 pp | -2.235 pp | -2.213 pp | -4.8% |
| Jun 2020 | 0.002% | -0.000 pp | +0.000 pp | -2.302 pp | -2.267 pp | -2.6% |
| May 2020 | 0.002% | -2.252 pp | +0.001 pp | -2.292 pp | -2.288 pp | +4.1% |
| Apr 2020 | 2.254% | +2.252 pp | +0.018 pp | -0.156 pp | -0.013 pp | +12.0% |
| Mar 2020 | 0.002% | +0.000 pp | -2.302 pp | -2.433 pp | -2.393 pp | +9.4% |
| Feb 2020 | 0.002% | -2.235 pp | -2.292 pp | -2.365 pp | -2.354 pp | +4.4% |
| Jan 2020 | 2.237% | -0.067 pp | -0.174 pp | +0.022 pp | +0.941 pp | +5.6% |
| Dec 2019 | 2.304% | +0.010 pp | -0.132 pp | +0.034 pp | +0.912 pp | +0.9% |
| Nov 2019 | 2.294% | -0.117 pp | -0.072 pp | +0.003 pp | +0.896 pp | +0.8% |
| Oct 2019 | 2.411% | -0.024 pp | +0.196 pp | +0.144 pp | +1.129 pp | +7.5% |
| Sep 2019 | 2.435% | +0.069 pp | +0.166 pp | +0.040 pp | +1.145 pp | +18.1% |
| Aug 2019 | 2.366% | +0.151 pp | +0.076 pp | +0.011 pp | +1.076 pp | +15.4% |
| Jul 2019 | 2.215% | -0.054 pp | -0.052 pp | +0.920 pp | +0.106 pp | +10.5% |
| Jun 2019 | 2.269% | -0.021 pp | -0.125 pp | +0.878 pp | +0.105 pp | +10.1% |
| May 2019 | 2.291% | +0.024 pp | -0.065 pp | +0.892 pp | +0.186 pp | +13.3% |
| Apr 2019 | 2.267% | -0.128 pp | +0.972 pp | +0.985 pp | +0.098 pp | +7.0% |
| Mar 2019 | 2.395% | +0.039 pp | +1.003 pp | +1.105 pp | +0.183 pp | +10.7% |
| Feb 2019 | 2.356% | +1.060 pp | +0.957 pp | +1.065 pp | +0.180 pp | +10.4% |
| Jan 2019 | 1.295% | -0.096 pp | +0.013 pp | -0.814 pp | -0.953 pp | +5.5% |
| Dec 2018 | 1.391% | -0.007 pp | +0.102 pp | -0.773 pp | -0.857 pp | +11.2% |
| Nov 2018 | 1.398% | +0.116 pp | +0.108 pp | -0.706 pp | -0.850 pp | +11.6% |
| Oct 2018 | 1.282% | -0.008 pp | -0.827 pp | -0.887 pp | -0.966 pp | +8.8% |
| Sep 2018 | 1.290% | -0.001 pp | -0.875 pp | -0.922 pp | -0.959 pp | -0.6% |
| Aug 2018 | 1.291% | -0.819 pp | -0.814 pp | -0.886 pp | -0.958 pp | -1.2% |
| Jul 2018 | 2.109% | -0.055 pp | -0.060 pp | -0.139 pp | -0.139 pp | -3.5% |
| Jun 2018 | 2.165% | +0.060 pp | -0.047 pp | -0.084 pp | -0.084 pp | -3.3% |
| May 2018 | 2.105% | -0.065 pp | -0.072 pp | -0.144 pp | -0.144 pp | -6.6% |
| Apr 2018 | 2.169% | -0.042 pp | -0.079 pp | -0.079 pp | -0.079 pp | -3.8% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.