The CrowdBureau® Peer-to-Peer Lending and Equity Crowdfunding Index (CBP2PTR) registered -6.20% for the week

By October 6, 2019Uncategorized
crowd-logo.png

300 Park Avenue

New York, New York, 10022


September 23 – 27, 2019 Weekly Index Research Update


The CrowdBureau® Peer-to-Peer Lending and Equity Crowdfunding Index (CBP2PTR) registered -6.20% for the week


The CrowdBureau® Peer-to-Peer Lending and Equity Crowdfunding Index (CBP2PTR) registered a decline of -6.20% for the week ended September 27, 2019, recording its second consecutive weekly drop this month. The index posted gains in two out of the five-day trading cycle, with total return performance ranging from 0.19% to -3.54%. However, declines outweighed advances, moving the Index further into bear territory. The year-to-date performance of the Index stands at 16.41%. (See the Chart of the week)

Stocks were lower during the past week as the market faced some of the same challenges as in the previous weeks, including Brexit, the trade negotiations with China, a slowing down in the global economy and this week the commencement of an impeachment inquiry against President Donald Trump. In response, Trump tweeted that “markets would crash” as a result of the impeachment inquiry. The S&P 500 was down -1.01% for the week, finishing at 2,961.The Dow Jones Industrial Average (DJIA) closed 26,820.25, giving up -0.43%, while the tech heavy Nasdaq Composite recorded its worst week in two months with its decline of -2.19% to end the week at 7,939.63. The small-cap Russell 2000 Index fell -1.1%. The Fed calmed the markets by assuring that there would be enough liquidity in the overnight funding market, which was under stress at the start of last week, by injecting another $50 billion in cash. Headlines on Friday that the White House is considering blocking or limiting U.S. investments into China sent stocks lower, after optimism about the talks lifted them early in the day.

In other regions, Hong Kong’s Hang Seng index dropped -1.82% to close at 25,954.81.The iShares China Large-Cap ETF lost -1.15%. The pan-European Stoxx 600 closed lower at -0.92%. Oil prices fell -3.29% to $56.18, its worst week since July. Gold prices dropped by -1.38% to end up $1,503.30.

For the week, the 2 Year Treasury Rate ended at 1.63%, compared to 1.66% the previous market day and 2.83% last year. This is lower than the long-term average of 3.36%. The 10 Year Treasury Rate finished at 1.69%, compared to 1.70% the previous market day and 3.06% last year. This is lower than the long-term average of 4.53%. The 30 Year Treasury Rate closed at 2.13%, compared to 2.15% the previous market day and 3.19% last year. This is lower than the long-term average of 5.09%.

The CrowdBureau® Peer-to-Peer Lending and Equity Crowdfunding Index (CBP2PTR) recorded a decline of -6.20% as 28 of the constituents, or 88%. posted negative results for the week, including 12 member stocks that gave up more than 5%. These ranged from a low -22.58% registered by XRF to JT recording -5.40%. Four constituents posted gains with two being P2P lending platforms: CN Finance recorded a high 12.07%, Square ( SQ) posted 5.01, OnDeck Capital (ONDK) registered 0.60% and Equifax (EFX) closed the week up 0.18%.

That said, twenty-eight index members pushed the index value down with their negative share price results. The laggards included China Rapid Finance (XRF) -22.58%, Yirendai (YRD) -18.24%, PPDai Group Inc. (PPDF) -16.43%, GreenSky (GSKY) -10.83%, Green Dot (GDOT) -9.47%, 360 Finance (QFIN) -8.90%, LexinFintech (LX) -8.38%. Facebook (FB) -6.76%, X Financial (XYF) -5.71%, LendingTree (TREE) -5.62%, Jianpu Technology (JT) -5.40%, Elevate (ELVT) – 4.92%, Senmiao Technologies (AIHS) -4.88%, LendingClub (LC) -4.72%, Qudian (QD) -4.63%, Hexindai (HX) -4.35%, Fair Isaac Corp (FICO) -4.25%, Enova International (ENVA) -3.95%, Amazon (AMZN) -3.83%, PagSeguro (PAGS) -3.68%, Global Payment Inc (GPN) -2.96%, One Main Finance (OMF) -2.67%, Weidai (WEI) -2.40%, PayPal (PYPL) -2.33%, Goldman Sachs (GS) -2.23%, TransUnion (TRU)-2.05%, and CoreLogic Inc. (CLGX) -1.24%.

Golden Bull Limited (DNJR), an online finance marketplace peer-to-peer lending company in China that provides borrowers access to short-term loans dropped -7.41% for the week after announcing the Company received a notification letter from NASDAQ on September 26, 2019, notifying the Company that it is not in compliance with the minimum bid price requirement. Under the Nasdaq Listing Rules, the Company has until March 24, 2020 to regain compliance. If at any time during such 180-day period the closing bid price of the Company’s ordinary shares is at least $1 for a minimum of 10 consecutive business days, Nasdaq will provide the Company written confirmation of compliance.


Chart of the Week: CrowdBureau® Peer-to-Peer Lending and Equity Crowdfunding
Index day-on-day total return performance for the week of September 23 – 27, 2019


Crowdbureau Chart

Source: CrowdBureau Corporation

ABOUT CROWDBUREAU CORPORATION

CrowdBureau Corporation research-based indexes and analytics seeks to help market players understand and manage better alternative asset classes in peer-to-peer lending and securities based crowdfunding. Clients rely on our offerings for deeper insights into the drivers of performance and risk indicators for their decision making, through our global peer-to-peer lending asset class coverage using a series of benchmarks and innovative research. Our line of products and services includes a centralized database with indexes, analytical models, data, a peer-to-peer lending series of benchmarks by sectors such as consumer loans, business loans, real estate, student automobile loans, agriculture and other. CrowdBureau Corporations serves money managers, banks, insurance companies, traders and universities.
For more information, visit us at https://www.crowdbureau.com

The information contained herein (the “Information”) may not be reproduced or redisseminated in whole or in part without prior written permission from CrowdBureau Corporation. The Information may not be used to verify or correct other data, to create indexes, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles. Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information or CrowdBureau index or other product or service constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy. Further, none of the Information or any CrowdBureau index is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. NONE OF CROWDBUREAU CORPORATION. OR ANY OF ITS SUBSIDIARIES OR ITS OR THEIR DIRECT OR INDIRECT SUPPLIERS OR ANY THIRD PARTY INVOLVED IN THE MAKING OR COMPILING OF THE INFORMATION (EACH, AN “CROWDBUREAU PARTY”) MAKES ANY WARRANTIES OR REPRESENTATIONS AND, TO THE MAXIMUM EXTENT PERMITTED BY LAW, EACH CROWDBUREAU PARTY HEREBY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING ANY OF THE FOREGOING AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY OF THE CROWDBUREAU PARTIES HAVE ANY LIABILITY REGARDING ANY OF THE INFORMATION FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL (INCLUDING LOST PROFITS) OR ANY OTHER DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.