Tobacco
Tobacco is losing market weight. Lost weight for 1 consecutive month.
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
Jan 2018 – Sep 2020 · 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
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| Philip Morris International → PM | Tobacco | United States | 0.001% | -0.627 pp | +5.2% | 0.0 |
| Altria → MO | Tobacco | United States | 0.000% | -0.405 pp | +2.9% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Sep 2020 | 0.001% | -0.000 pp | -0.000 pp | -0.000 pp | -1.032 pp | -5.7% |
| Aug 2020 | 0.001% | +0.000 pp | -0.000 pp | +0.000 pp | -1.053 pp | -2.1% |
| Jul 2020 | 0.001% | -0.000 pp | -1.057 pp | -1.072 pp | -1.159 pp | -10.0% |
| Jun 2020 | 0.001% | -0.000 pp | +0.000 pp | -1.106 pp | -1.135 pp | -8.9% |
| May 2020 | 0.001% | -1.057 pp | +0.000 pp | -1.117 pp | -1.232 pp | -10.3% |
| Apr 2020 | 1.058% | +1.057 pp | -0.014 pp | -0.038 pp | -0.258 pp | -9.0% |
| Mar 2020 | 0.001% | +0.000 pp | -1.106 pp | -1.032 pp | -1.407 pp | -8.5% |
| Feb 2020 | 0.001% | -1.072 pp | -1.117 pp | -1.054 pp | -1.352 pp | -11.4% |
| Jan 2020 | 1.073% | -0.034 pp | -0.024 pp | -0.087 pp | +0.374 pp | -5.4% |
| Dec 2019 | 1.107% | -0.011 pp | +0.074 pp | -0.029 pp | +0.404 pp | -3.5% |
| Nov 2019 | 1.118% | +0.021 pp | +0.063 pp | -0.116 pp | +0.329 pp | -12.3% |
| Oct 2019 | 1.097% | +0.063 pp | -0.064 pp | -0.220 pp | +0.218 pp | -23.2% |
| Sep 2019 | 1.033% | -0.021 pp | -0.103 pp | -0.374 pp | +0.267 pp | -15.0% |
| Aug 2019 | 1.054% | -0.106 pp | -0.179 pp | -0.298 pp | +0.307 pp | -10.9% |
| Jul 2019 | 1.160% | +0.024 pp | -0.157 pp | +0.461 pp | -0.268 pp | -8.0% |
| Jun 2019 | 1.136% | -0.097 pp | -0.272 pp | +0.433 pp | -0.277 pp | -9.1% |
| May 2019 | 1.233% | -0.083 pp | -0.119 pp | +0.444 pp | -0.157 pp | -0.8% |
| Apr 2019 | 1.317% | -0.091 pp | +0.618 pp | +0.438 pp | -0.119 pp | +1.5% |
| Mar 2019 | 1.408% | +0.055 pp | +0.705 pp | +0.642 pp | -0.266 pp | -7.0% |
| Feb 2019 | 1.353% | +0.654 pp | +0.564 pp | +0.606 pp | -0.328 pp | -11.4% |
| Jan 2019 | 0.699% | -0.004 pp | -0.179 pp | -0.729 pp | -1.016 pp | -19.5% |
| Dec 2018 | 0.703% | -0.086 pp | -0.063 pp | -0.711 pp | -1.013 pp | -19.3% |
| Nov 2018 | 0.789% | -0.089 pp | +0.042 pp | -0.601 pp | -0.926 pp | -10.9% |
| Oct 2018 | 0.878% | +0.112 pp | -0.549 pp | -0.558 pp | -0.837 pp | -1.3% |
| Sep 2018 | 0.766% | +0.019 pp | -0.647 pp | -0.908 pp | -0.949 pp | -15.4% |
| Aug 2018 | 0.747% | -0.681 pp | -0.643 pp | -0.934 pp | -0.969 pp | -19.1% |
| Jul 2018 | 1.428% | +0.014 pp | -0.008 pp | -0.288 pp | -0.288 pp | -13.9% |
| Jun 2018 | 1.414% | +0.023 pp | -0.260 pp | -0.302 pp | -0.302 pp | -15.7% |
| May 2018 | 1.390% | -0.046 pp | -0.291 pp | -0.325 pp | -0.325 pp | -18.6% |
| Apr 2018 | 1.436% | -0.238 pp | -0.280 pp | -0.280 pp | -0.280 pp | -16.6% |
| Mar 2018 | 1.674% | -0.007 pp | -0.042 pp | -0.042 pp | -0.042 pp | -2.4% |
| Feb 2018 | 1.681% | -0.035 pp | -0.035 pp | -0.035 pp | -0.035 pp | -2.2% |
| Jan 2018 | 1.716% | +0.000 pp | +0.000 pp | +0.000 pp | +0.000 pp | +0.0% |
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.