‍PM50 Growth Index & Sectors YTD Performance

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‍_{Return On Investment (ROI) from January 02, 2024 until October 31, 2024}

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PM50 Growth Privates versus Public Benchmarks/ETFs

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_{Indices from January 02, 2024 until October 31, 2024}

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Public v. Private (12mo)

The PM50 Growth tracks the performance of the 50 most active private names observed in the secondary market. It is an equal-weighted index, rebalanced on a monthly basis.

This rebalancing of constituents over time gives way for more active names to participate in what we observe as "market performance," and in a more appropriate manner than static selections and weightings criteria.

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_{Private Market: Sector Level}

|| Sector-level analysis for October, 2024‍

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PM50 Growth index was up 0.43% with volatility of its ROI at 17%.

Automation and Banking had the highest increase in ROI at 5.66% with volatility of Automation at 16% and banking at 31%.

Transportation had the highest decrease in ROI at 5.99% and highest volatility of its ROI at 54%.

Entertainment had the lowest volatility of its ROI at 5%.

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MoM Return on Investment (ROI) for October

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Volatility of ROI

The volatility of ROI is calculated based on the movement over the previous 90 days i.e. between August 3, 2024 and October 31, 2024.

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Total Bid and Ask Volume and Ratio in October

The plot below shows the total bid and ask volume and their ratio within each sector for selected companies with significant activities.

27.26% of PM50 Growth's observed total volume of $4.4B was from bids.

Transportation sector had the highest bid volume ratio at 51.85% of the total $682.6M.

Manufacturing sector had the highest ask volume ratio at 99.70% of the total $231.6M.

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Mean Bid to Ask Spread in October

The plot below shows the mean bid to ask spread within each sector for selected companies with significant activities.

PM50 Growth's mean bid to ask spread was 10.9%.

eCommerce sector had the highest mean bid to ask spread at 24.4%.

Entertainment sector had the lowest mean bid to ask spread at 0.5%.

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Mean Volume per Indication Type

In 2024 average indication sizes peaked at $19.72M during June.

Asks: In 2021 the average offer was $25.77M, and the yearly average has dropped dramatically to ~$10M between 2022 and 2024.

Bids: Similarly, the average bid in 2021 was higher than the following years. The average bid volume ranged from $6.93M to $33.59M in 2021, $6.12M to $30.78M in 2022, $8.33M to $16.37M in 2023, and $6.45M to $17.07M in 2024.

Trades: Trades volumes have been quite volatile, with lowest average volume of $1.22M seen on April of 2023 and highest average volume of $17.71M seen on June of 2021.

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Sectors

Headquarters

CEO

Monthly Statistics

PM Insights highlights monthly statistics from January, 2021 until October, 2024.

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Monthly PM50 Growth ROI

The plot below displays PM50 Growth's monthly ROI. PM50 Growth's had the highest ROI at 16.26% in January 2021, and the lowest ROI at -10.5% in June 2022.

In October 2024, PM50 Growth's ROI was up by 0.43%.

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Monthly Institutional Level Activity

The plot below shows the number of institutional level ($1M+) Bid, Ask, or Trade contributions on a monthly basis.

July 2024 had the highest activity with 796 contributions with a volume over $1M.

There were 593 unique institutional-level broker contributions in October 2024.

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Monthly Total Bid and Ask Volume

The plot below displays the sum of bid and ask volume on a monthly basis, as observed by PM Insights.

June 2021 had the highest total volume at $21.10B.

December 2021 had the lowest total volume at $2.11B.

October 2024 had a total volume of $6.29B, slightly lower than September 2024's $6.30B total volume.

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Monthly Bid and Ask Volume Ratio

The plot below displays the ratio of bid and ask volume on a monthly basis.

January 2021 had the highest ratio of bids at 57.69% of the total volume $4.62B.

April 2022 had the highest ratio of offers at 94.21% of the total volume $12.78B.

October 2024 had 25.16% of the total volume $6.29B from bids.

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Monthly Mean Bid and Ask Spread

The plot below displays the mean bid to ask spread on a monthly basis.

December 2022 had the highest mean bid to ask spread at 16.64%.

July 2021 had the lowest mean bid to ask spread at 5.26%.

October 2024 had high mean bid to ask spread at 13.95%.

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Proportion of Change in Valuation

92% of companies in PM Insights' universe traded higher during their latest round compared to the previous round.

On the other hand, 70% of companies are trading at a discount versus their most recent round, and only 30% managed positive returns there, pointing to a ways to go to recovering some of the investments made in the heady days of 2021.

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Change in Composite Price (MoM)

PM Insights highlights the top five and bottom five companies in terms of change in composite price between September 30, 2024 and October 31, 2024 with significant activities i.e. at least 3 institutional-level contributions.

Lightmatter had the highest increase in composite price from $29.96 to $69.84.

Cart.com had the highest decrease in composite price from $22.63 to $17.98.

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Change in Total Bid and Ask Volume (MoM)

PM Insights highlights the top five and bottom five companies with significant activities in terms of change in total bid and ask volume between September and October of 2024.

DailyPay had the highest increase in volume from $19.14M to $419.85M.

Scale.ai had the highest decrease in volume from $189.08 to $29.85M.

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Most Active Names Performance

Data as of October 31, 2024

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_{* Price (USD) estimated based on secondary market activity observed by PM Insights. Valuation is estimated based on said price and share count from state filings and/or news in the public domain. Note that share count in calculations may change as new filing documents are obtained.}

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