Post Venture Capital Index falls a bit more in November

The Thomson Reuters’ Post Venture Capital Index (PVCI) declined in November. It was the third consecutive monthly drop for the index although the latest drop was not as steep as previous months.

The PVCI lost 8.66 points to end the month at 1137.21. The month before, the index fell by nearly 110 points.

The PVCI started the year at 1200.19.

At the end of November, the PVCI was composed of 345 companies. Of the stocks tracked, only 174 advanced in value in the month while 171 declined.

The index tracks the aftermarket performance of VC-backed companies. The number of companies in the PVCI changes each month, depending on new issues or as the companies fold or are acquired. In addition, companies remain in the PVCI for only 10 years.

A total of 46 of the declining stocks in November were in biotech. The computer software sector was next with 38 stocks that were in negative territory during the month.

For advancers, 51 biotech stocks and 36 computer companies gained in value.

Facebook, as it does every month, ranked as the company with the top market value, as of Nov. 31, followed by Tesla, HCA Holdings, Kinder Morgan and ServiceNow to round out the top five.

The publicly traded companies that saw big market value gains in November were Workday, HCA and NXP Semiconductors NV.

The index is calculated daily and does not take dividends into account .

The PVCI began in January 1986 with an initialized index value of 100.

To download an Excel file of the latest PVCI, click here: PVCI as of Nov 30 2018

 

Additional Data

Monthly Index (November 2017 – November 2018)

PVCI vs. Nasdaq and S&P500