Human Resource & Employment Services
Human Resource & Employment Services 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 – Jul 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 |
|---|---|---|---|---|---|---|
| Automatic Data Processing → ADP | Human Resource & Employment Services | United States | 0.000% | -0.385 pp | -18.4% | 0.0 |
| Paychex → PAYX | Human Resource & Employment Services | United States | 0.000% | -0.159 pp | -10.5% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Jul 2020 | 0.000% | -0.000 pp | -0.492 pp | -0.516 pp | -0.544 pp | -21.9% |
| Jun 2020 | 0.000% | -0.000 pp | +0.000 pp | -0.511 pp | -0.547 pp | -8.9% |
| May 2020 | 0.000% | -0.492 pp | +0.000 pp | -0.527 pp | -0.585 pp | -13.4% |
| Apr 2020 | 0.492% | +0.492 pp | -0.025 pp | -0.031 pp | -0.076 pp | -5.7% |
| Mar 2020 | 0.000% | +0.000 pp | -0.511 pp | -0.530 pp | -0.565 pp | -3.8% |
| Feb 2020 | 0.000% | -0.516 pp | -0.527 pp | -0.560 pp | -0.546 pp | -0.9% |
| Jan 2020 | 0.517% | +0.005 pp | -0.006 pp | -0.028 pp | +0.232 pp | +8.2% |
| Dec 2019 | 0.512% | -0.016 pp | -0.019 pp | -0.036 pp | +0.223 pp | +5.3% |
| Nov 2019 | 0.528% | +0.005 pp | -0.033 pp | -0.058 pp | +0.229 pp | +5.9% |
| Oct 2019 | 0.523% | -0.007 pp | -0.022 pp | -0.045 pp | +0.229 pp | +6.0% |
| Sep 2019 | 0.530% | -0.030 pp | -0.017 pp | -0.035 pp | +0.236 pp | +9.5% |
| Aug 2019 | 0.560% | +0.016 pp | -0.025 pp | +0.014 pp | +0.268 pp | +17.3% |
| Jul 2019 | 0.544% | -0.003 pp | -0.023 pp | +0.260 pp | +0.053 pp | +21.8% |
| Jun 2019 | 0.547% | -0.038 pp | -0.018 pp | +0.258 pp | +0.040 pp | +18.3% |
| May 2019 | 0.585% | +0.018 pp | +0.039 pp | +0.287 pp | +0.095 pp | +29.8% |
| Apr 2019 | 0.568% | +0.002 pp | +0.283 pp | +0.274 pp | +0.112 pp | +34.8% |
| Mar 2019 | 0.565% | +0.019 pp | +0.277 pp | +0.271 pp | +0.121 pp | +37.2% |
| Feb 2019 | 0.547% | +0.262 pp | +0.248 pp | +0.254 pp | +0.100 pp | +31.8% |
| Jan 2019 | 0.285% | -0.004 pp | -0.009 pp | -0.207 pp | -0.168 pp | +21.6% |
| Dec 2018 | 0.289% | -0.010 pp | -0.006 pp | -0.219 pp | -0.164 pp | +22.2% |
| Nov 2018 | 0.299% | +0.005 pp | +0.006 pp | -0.192 pp | -0.154 pp | +25.8% |
| Oct 2018 | 0.294% | -0.001 pp | -0.198 pp | -0.162 pp | -0.159 pp | +23.0% |
| Sep 2018 | 0.295% | +0.002 pp | -0.213 pp | -0.150 pp | -0.158 pp | +21.2% |
| Aug 2018 | 0.292% | -0.199 pp | -0.198 pp | -0.154 pp | -0.160 pp | +19.1% |
| Jul 2018 | 0.491% | -0.016 pp | +0.036 pp | +0.039 pp | +0.039 pp | +11.1% |
| Jun 2018 | 0.507% | +0.017 pp | +0.063 pp | +0.055 pp | +0.055 pp | +13.4% |
| May 2018 | 0.490% | +0.035 pp | +0.044 pp | +0.038 pp | +0.038 pp | +8.5% |
| Apr 2018 | 0.455% | +0.011 pp | +0.003 pp | +0.003 pp | +0.003 pp | -0.7% |
| Mar 2018 | 0.444% | -0.002 pp | -0.008 pp | -0.008 pp | -0.008 pp | -2.6% |
| Feb 2018 | 0.447% | -0.006 pp | -0.006 pp | -0.006 pp | -0.006 pp | -1.7% |
| Jan 2018 | 0.453% | +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.