Communications Equipment
Communications Equipment is losing market weight. Gained 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 99% 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 – Mar 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 |
|---|---|---|---|---|---|---|
| Cisco → CSCO | Communications Equipment | United States | 0.001% | -1.364 pp | -25.2% | 0.0 |
| Motorola Solutions → MSI | Communications Equipment | United States | 0.000% | -0.132 pp | -3.9% | 0.0 |
| F5, Inc. → FFIV | Communications Equipment | United States | 0.000% | -0.054 pp | -32.1% | 0.0 |
| Arista Networks → ANET | Communications Equipment | United States | 0.000% | -0.009 pp | -35.6% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Mar 2020 | 0.001% | +0.000 pp | -1.179 pp | -1.314 pp | -1.559 pp | -14.1% |
| Feb 2020 | 0.001% | -1.153 pp | -1.161 pp | -1.300 pp | -1.522 pp | -20.9% |
| Jan 2020 | 1.154% | -0.026 pp | -0.098 pp | -0.308 pp | +0.354 pp | -10.5% |
| Dec 2019 | 1.180% | +0.018 pp | -0.135 pp | -0.285 pp | +0.378 pp | -9.2% |
| Nov 2019 | 1.162% | -0.089 pp | -0.139 pp | -0.332 pp | +0.337 pp | -12.2% |
| Oct 2019 | 1.251% | -0.064 pp | -0.210 pp | -0.314 pp | +0.435 pp | -3.8% |
| Sep 2019 | 1.315% | +0.014 pp | -0.150 pp | -0.245 pp | +0.496 pp | +3.6% |
| Aug 2019 | 1.301% | -0.160 pp | -0.193 pp | -0.222 pp | +0.467 pp | +2.9% |
| Jul 2019 | 1.461% | -0.004 pp | -0.104 pp | +0.661 pp | +0.125 pp | +28.8% |
| Jun 2019 | 1.465% | -0.029 pp | -0.095 pp | +0.662 pp | +0.058 pp | +22.5% |
| May 2019 | 1.494% | -0.071 pp | -0.029 pp | +0.669 pp | +0.105 pp | +25.4% |
| Apr 2019 | 1.565% | +0.005 pp | +0.765 pp | +0.749 pp | +0.083 pp | +21.6% |
| Mar 2019 | 1.560% | +0.037 pp | +0.757 pp | +0.741 pp | +0.133 pp | +25.7% |
| Feb 2019 | 1.523% | +0.723 pp | +0.698 pp | +0.689 pp | +0.072 pp | +20.5% |
| Jan 2019 | 0.800% | -0.003 pp | -0.016 pp | -0.536 pp | -0.515 pp | +25.9% |
| Dec 2018 | 0.802% | -0.022 pp | -0.016 pp | -0.604 pp | -0.512 pp | +25.1% |
| Nov 2018 | 0.825% | +0.009 pp | -0.009 pp | -0.564 pp | -0.490 pp | +28.3% |
| Oct 2018 | 0.816% | -0.002 pp | -0.520 pp | -0.666 pp | -0.499 pp | +24.7% |
| Sep 2018 | 0.818% | -0.016 pp | -0.588 pp | -0.608 pp | -0.496 pp | +22.4% |
| Aug 2018 | 0.834% | -0.502 pp | -0.554 pp | -0.616 pp | -0.481 pp | +20.9% |
| Jul 2018 | 1.336% | -0.070 pp | -0.146 pp | +0.021 pp | +0.021 pp | +8.4% |
| Jun 2018 | 1.406% | +0.018 pp | -0.021 pp | +0.091 pp | +0.091 pp | +12.3% |
| May 2018 | 1.388% | -0.094 pp | -0.062 pp | +0.074 pp | +0.074 pp | +10.2% |
| Apr 2018 | 1.482% | +0.055 pp | +0.167 pp | +0.167 pp | +0.167 pp | +14.3% |
| Mar 2018 | 1.427% | -0.024 pp | +0.112 pp | +0.112 pp | +0.112 pp | +9.8% |
| Feb 2018 | 1.450% | +0.136 pp | +0.136 pp | +0.136 pp | +0.136 pp | +12.6% |
| Jan 2018 | 1.315% | +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.