Services-Business Services, Nec
69 US-listed companies SEC classification 7389 · all industries
How much this is one bet
13% of the closest matches for a typical Services-Business Services, Nec company are other Services-Business Services, Nec companies. That is low, which means the label is doing less work than it looks like: these companies are classified together but do not move together.
How the industry moves
Measured from one year of daily returns. Rate sensitivity is the median correlation between a company's daily return and the daily change in the 10-year Treasury yield: positive means the industry tends to rise on days yields rise. It is a correlation, not a forecast, and a low number over one year is a statement about this year.
On the public record
Insider filings Congressional trades Short interest Institutional holdings
The companieslargest 60 by daily turnover
| Ticker | Company | Traded per day | Beta | Days to cover |
|---|---|---|---|---|
| V | Visa Inc. | $2.6B | 0.29 | 2.8 |
| MA | Mastercard Incorporated | $1.8B | 0.29 | 2.6 |
| UBER | Uber Technologies, Inc. | $1.3B | 0.87 | 3.0 |
| BABA | Alibaba Group Holding Limited American Preferred | $1.3B | 1.29 | 2.6 |
| ACN | Accenture plc Class A Ordinary Shares (Ireland) | $1.0B | 0.25 | 5.0 |
| MELI | MercadoLibre, Inc. | $798.9M | 1.11 | 2.0 |
| DASH | DoorDash, Inc. | $751.5M | 1.42 | 4.3 |
| PYPL | PayPal Holdings, Inc. | $647.0M | 1.12 | 2.6 |
| PDD | PDD Holdings Inc. | $624.0M | 0.95 | 4.3 |
| AKAM | Akamai Technologies, Inc. | $518.9M | 1.30 | 6.6 |
| EBAY | eBay Inc. | $444.4M | 0.72 | 4.0 |
| MSCI | MSCI Inc. | $384.0M | 0.34 | 2.3 |
| FISV | Fiserv, Inc. | $361.6M | 0.63 | 6.3 |
| FICO | Fair Isaac Corporation | $354.2M | 0.45 | 7.7 |
| GPN | Global Payments Inc. | $258.1M | 1.08 | 6.0 |
| FIS | Fidelity National Information Services, Inc. | $252.0M | 0.36 | 3.3 |
| CPAY | Corpay, Inc. | $206.4M | 0.85 | 6.7 |
| CSGP | CoStar Group, Inc. | $203.0M | 0.25 | 2.5 |
| BR | Broadridge Financial Solutions, Inc. | $198.6M | 0.10 | 2.4 |
| ETSY | Etsy, Inc. | $197.3M | 1.09 | 3.9 |
| LYFT | Lyft, Inc. | $189.6M | 1.43 | 7.4 |
| CART | Maplebear Inc. | $169.1M | 0.45 | 4.4 |
| GRAB | Grab Holdings Limited - Class A Ordinary Shares | $162.2M | 1.48 | 8.3 |
| Z | Zillow Group, Inc. - Class C Capital Stock | $138.2M | 1.16 | 3.7 |
| TCOM | Trip.com Group Limited | $132.8M | 0.59 | 6.1 |
| RBA | RB Global, Inc. | $117.3M | 0.78 | 7.1 |
| WEX | WEX Inc. | $89.5M | 0.42 | 4.5 |
| RELX | RELX PLC PLC American Preferred | $87.2M | 0.28 | 3.6 |
| SEZL | Sezzle Inc. | $78.5M | 2.37 | 9.2 |
| RELY | Remitly Global, Inc. | $78.3M | 1.36 | 5.7 |
| HQY | HealthEquity, Inc. | $74.5M | 0.54 | 4.3 |
| XMTR | Xometry, Inc. | $70.8M | 2.12 | 7.3 |
| EXLS | ExlService Holdings, Inc. | $67.2M | -0.01 | 5.1 |
| FOUR | Shift4 Payments, Inc. Class A | $64.4M | 1.41 | 7.3 |
| WU | The Western Union Company | $61.6M | 0.48 | 6.3 |
| ZG | Zillow Group, Inc. | $42.6M | 1.19 | 4.2 |
| MMS | Maximus, Inc. | $37.7M | 0.30 | 7.3 |
| KSPI | Joint Stock Company Kaspi.kz - American Depository Shares | $35.4M | 1.04 | 1.9 |
| FLYW | Flywire Corporation - Voting | $33.8M | 1.35 | 8.9 |
| CNXC | Concentrix Corporation | $31.1M | 0.82 | 7.5 |
| PAYO | Payoneer Global Inc. | $26.9M | 1.00 | 6.0 |
| DLO | DLocal Limited - Class A | $26.6M | 1.74 | 6.0 |
| CBZ | CBIZ, Inc. | $24.3M | -0.20 | 2.6 |
| PAY | Paymentus Holdings, Inc. Class A | $22.7M | 0.78 | 2.3 |
| ACVA | ACV Auctions Inc. Class A | $20.7M | 1.43 | 4.9 |
| TNET | TriNet Group, Inc. | $18.6M | 0.21 | 5.0 |
| NUTX | Nutex Health Inc. | $18.1M | 1.97 | 8.7 |
| ALIT | Alight, Inc. Class A | $18.0M | 1.04 | 2.0 |
| QNST | QuinStreet, Inc. | $10.8M | 0.85 | 5.5 |
| PHR | Phreesia, Inc. | $9.8M | 0.31 | 3.4 |
| DVLT | Datavault AI Inc. | $7.7M | 2.56 | 1.9 |
| FVRR | Fiverr International Ltd. Ordinary Shares, no par value | $7.0M | 1.07 | 5.6 |
| LQDT | Liquidity Services, Inc. | $6.7M | 0.71 | 5.1 |
| MAX | MediaAlpha, Inc. Class A | $6.6M | 0.46 | 5.4 |
| RDWR | Radware Ltd. | $5.3M | 1.16 | 3.8 |
| IMXI | International Money Express, Inc. | $5.2M | 0.17 | 3.5 |
| RSKD | Riskified Ltd. Class A Ordinary Shares | $4.2M | 0.80 | 1.0 |
| ADV | Advantage Solutions Inc. | $4.2M | 0.44 | 7.1 |
| PAYS | Paysign, Inc. | $4.1M | 0.90 | 2.2 |
| CASS | Cass Information Systems, Inc | $3.8M | 0.35 | 4.3 |
What “one bet” means, and how it is measured
For every security this site computes its closest matches across the whole market, by one-year daily-return correlation. Cohesion asks a simple question of that: of the ten closest matches for each company in this industry, what share are also in this industry?
A high number means the classification is doing real work — these companies genuinely move together, and the industry is closer to a single position than to a set of independent ones. Trucking, shipping, homebuilders and airlines sit at the top of that measure, which is what anyone who has held two of them would tell you.
A low number means the opposite: the SEC's code groups them, but the market does not. That is worth knowing before treating an industry label as a diversification plan.
Where these numbers come from
- The classification is the SEC's own Standard Industrial Classification, taken from each company's filings. It is coarse and occasionally odd — it was designed in 1937 and last seriously revised in 1987 — but it is the official one, it is public, and it is not somebody's proprietary sector scheme.
- Volatility, beta, rate and volatility sensitivity, and cohesion are computed here from daily returns. They are derived statistics; no price or return series is published anywhere on this site.
- Everything under “on the public record” is a count or a sum of filings — Form 4, the STOCK Act, Form 13F, FINRA short interest, USASpending awards, SEC financial statements. As filed.
What is deliberately absent
No index, no sector return, no performance figure. Aggregating company returns into an industry return would be republishing the licensed price history in a thin disguise, and it would also be wrong — there is no defensible weighting to choose. The statistics here are all invariant to that problem: a median, a correlation, a count, or a sum of filed figures.
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