GURU.Markets stock price, segment price, and overall market index valuation
The company's share price BEST Inc.
BEST Inc. is a Chinese logistics company. Its stock price reflects fierce price competition in the express delivery market in China and its struggle to achieve profitability. The chart below shows the company's restructuring and asset divestitures.
Share prices of companies in the market segment - Logist it
BEST Inc. is a Chinese logistics company that provides comprehensive supply chain management, express delivery, and warehousing services. We've categorized it as "IT in Logistics." The chart below shows the dynamics of China's competitive logistics sector.
Broad Market Index - GURU.Markets
BEST is a Chinese company that provides comprehensive logistics and warehousing services. As part of the GURU.Markets index, it represents the logistics sector in China. The chart below shows the US market. See how this company's stock compares to the US market.
Change in the price of a company, segment, and market as a whole per day
BEST - Daily change in the company's share price BEST Inc.
For BEST Inc., a Chinese logistics company, daily volatility reflects sensitivity to the state of the Chinese economy and competition. This metric is an indicator of e-commerce and freight volumes.
Daily change in the price of a set of shares in a market segment - Logist it
BEST Inc. is a Chinese logistics company operating in one of the world's most competitive markets. Chinese technology and logistics stocks (ADRs) are known for their high volatility. The chart below reflects the average fluctuations in this sector, providing context for analyzing BEST's stock performance.
Daily change in the price of a broad market stock, index - GURU.Markets
BEST Inc. is a Chinese logistics company providing comprehensive supply chain management services. Its US-listed shares are a barometer of global trade and manufacturing activity in China.
Dynamics of market capitalization of the company, segment and the market as a whole over 12 months
Annual dynamics of the company's market capitalization BEST Inc.
The year-over-year performance of BEST Inc., a Chinese logistics company, tells the story of its operations in a highly competitive market. Its market capitalization over the past 12 months reflects its success in managing its parcel and freight delivery network, as well as its struggle to maintain profitability amid intense pricing pressure from giants like Alibaba and JD.com.
Annual dynamics of market capitalization of the market segment - Logist it
BEST Inc. is a Chinese logistics company. It is undergoing a complex restructuring amid fierce competition. This chart will show how successful its optimization efforts are and how it adapts to the changing express delivery and supply chain market in China.
Annual dynamics of market capitalization of broad market stocks, index - GURU.Markets
BEST Inc., a Chinese logistics and supply chain company, is a barometer of e-commerce and trade in China. Its year-over-year market capitalization, compared to global markets, reflects the fierce competition in the sector and the overall health of the Chinese economy.
Dynamics of market capitalization of the company, segment and the market as a whole for the month
Monthly dynamics of the company's market capitalization BEST Inc.
BEST Inc. is a Chinese logistics and transportation company. Its monthly performance reflects cargo volumes and fierce competition in the Chinese express delivery market. Its restructuring and profitability improvement efforts are key.
Monthly dynamics of market capitalization of the market segment - Logist it
BEST Inc. is a Chinese company providing comprehensive logistics and supply chain solutions. The dynamics of this sector in China are a barometer of the state of e-commerce and the country's economy as a whole. The chart below reflects how investors assessed the prospects and fierce competition in the world's largest logistics market.
Monthly dynamics of market capitalization of broad market stocks, index - GURU.Markets
BEST Inc. is a Chinese company operating in the logistics and supply chain sector. Its stock price is a barometer of Chinese e-commerce, reflecting both the explosive growth of online retail in the country and the fierce competition and price wars in the delivery sector.
Dynamics of market capitalization of the company, segment and the market as a whole for the week
Weekly dynamics of the company's market capitalization BEST Inc.
The weekly performance of BEST Inc., a Chinese logistics company, reflects the state of the express delivery and e-commerce market in China. Shares are highly sensitive to fierce price competition and macroeconomic data from China. The chart below demonstrates the high sensitivity to short-term market and economic factors in the country.
Weekly dynamics of market capitalization of the market segment - Logist it
BEST Inc. is a Chinese logistics company. Its business mirrors e-commerce and industrial activity in China. Compare its ADR performance with the sector to see how economic news from China directly impacts its US stock price.
Weekly dynamics of market capitalization of stocks of the broad market, index - GURU.Markets
BEST Inc. is a Chinese logistics company. This chart compares its weekly performance with the US market. It shows how much its stock price is influenced by the state of the Chinese economy and competition in the local market, rather than by general trends on Wall Street.
Market capitalization of the company, segment and market as a whole
BEST - Market capitalization of the company BEST Inc.
The price chart of BEST Inc. reflects the fierce competition in the Chinese logistics and express delivery market. The Alibaba-backed company's market cap illustrates its struggle for profitability amid price wars with other giants. Its dynamics illustrate the difficulties of operating in this vast but low-margin market.
BEST - Share of the company's market capitalization BEST Inc. within the market segment - Logist it
BEST Inc.'s market share in China's logistics sector demonstrates its strength as a diversified player offering express delivery, freight transportation, and supply chain management. Its market capitalization reflects its scale and ability to compete in the world's largest and most dynamic logistics market.
Market capitalization of the market segment - Logist it
The chart below is a barometer of China's logistics industry. BEST Inc. is one of the players in this space. The dynamics in the diagram reflect the fierce competition, price wars, and technological advances in one of the largest and most complex logistics markets in the world.
Market capitalization of all companies included in a broad market index - GURU.Markets
This chart depicts the market value of a Chinese logistics giant. BEST Inc.'s market capitalization reflects the state of e-commerce and freight transportation in China. The line shows how the company is fighting for its share in the world's largest and most competitive logistics market, adapting to new challenges.
Book value capitalization of the company, segment and market as a whole
BEST - Book value capitalization of the company BEST Inc.
BEST Inc.'s physical base is its extensive logistics and technology infrastructure in China. The chart below reflects the financial valuation of its sorting centers, warehouses, truck fleet, and IT platforms. The dynamics illustrate how the company manages its complex supply chain assets.
BEST - Share of the company's book capitalization BEST Inc. within the market segment - Logist it
BEST Inc.'s tangible assets include its network of sorting centers, warehouses, and logistics hubs, as well as its IT infrastructure. The chart shows the company's share of this physical and digital infrastructure, which forms the foundation of its comprehensive logistics services in China and beyond.
Market segment balance sheet capitalization - Logist it
Logistics is a capital-intensive business, but BEST Inc. has chosen a hybrid model. It combines ownership of physical assets (warehouses) with a lightweight technology platform. The graph illustrates a world in which the company strives to be both the "brawn" and the "brains."
Book value of all companies included in the broad market index - GURU.Markets
BEST Inc. is a Chinese company providing comprehensive logistics services and supply chain management. Its assets include a vast network of sorting centers, warehouses, and partner pickup points. The chart below illustrates the company's physical presence in the "circulatory system" of Chinese e-commerce.
The ratio of market capitalization to book capitalization of a company, segment, and the market as a whole
Market capitalization to book capitalization ratio - BEST Inc.
BEST Inc. is a Chinese company providing comprehensive logistics services and supply chain management solutions. Its balance sheet includes warehouses, transportation, and IT systems. The chart below shows how the market views its position in China's highly competitive logistics market and its path to profitability.
Market to book capitalization ratio in a market segment - Logist it
BEST Inc. is a Chinese company providing integrated logistics and supply chain solutions. Its valuation depends on competition and profitability in China's vast logistics market. This chart shows how the market values ββits extensive network of assets relative to their book value.
Market to book capitalization ratio for the market as a whole
BEST Inc. is a Chinese company providing comprehensive logistics and warehousing services. This chart shows how the market values ββtheir extensive infrastructure and technology platform in the highly competitive Chinese logistics market.
Debts of the company, segment and market as a whole
BEST - Company debts BEST Inc.
BEST Inc., a Chinese logistics company, is managing its balance sheet through a process of restructuring and asset sales. Following the sale of its courier business, this chart shows how the company is focusing on its remaining segments, such as supply chain management and freight, and attempting to achieve financial stability.
Market segment debts - Logist it
BEST Inc. is a Chinese logistics company that faced significant challenges in the highly competitive Chinese market and was forced to sell its core express delivery business. This chart shows how its debt policy reflects this restructuring and how it is attempting to find a new sustainable growth model in its remaining segments.
Market debt in general
Debt to book value of the company, segment and market as a whole
The company's debt to book capitalization ratio BEST Inc.
BurgerFi International is a fast-food restaurant chain specializing in burgers. Expanding the restaurant chain requires capital. This chart shows how the company uses debt to open new locations and build its brand in a crowded food service market.
Market segment debt to market segment book capitalization - Logist it
BEST Inc. is a Chinese company providing comprehensive logistics and supply chain solutions, including express delivery and warehousing services. This chart compares its debt to the total capitalization of the entire IT sector. It shows how the company manages its capital in China's highly competitive and technologically advanced logistics market.
Debt to book value of all companies in the market
BEST Inc. is a Chinese company providing integrated logistics and supply chain services. The logistics market in China is vast, but also fiercely competitive. This chart of global debt trends provides context for assessing how BEST Inc. manages its capital-intensive business while competing with giants like Alibaba and JD.com.
P/E of the company, segment and market as a whole
P/E - BEST Inc.
This metric for BEST Inc., a Chinese logistics company, reflects its valuation in a highly competitive market. The low P/E reflects both the enormous volumes of shipments and the extremely low profitability typical of express delivery in China, as well as regulatory risks.
P/E of the market segment - Logist it
BEST Inc. is a leading Chinese company providing integrated logistics and supply chain solutions. It offers express delivery, freight forwarding, warehouse management, and other services. This chart shows the average valuation for the IT logistics sector, reflecting how investors value integrated logistics providers in the vast and competitive Chinese market.
P/E of the market as a whole
BEST Inc. is a Chinese company providing comprehensive logistics and supply chain solutions, including express delivery, freight forwarding, and warehouse management. This chart, which shows global sentiment, provides insight into how investors view China's highly competitive logistics sector.
Future P/E of the company, segment and market as a whole
Future (projected) P/E of the company BEST Inc.
BEST Inc. is a Chinese company providing integrated logistics and warehousing services. This chart illustrates future revenue expectations, which depend on e-commerce growth in China, competition in the logistics market, and the effectiveness of its operating model.
Future (projected) P/E of the market segment - Logist it
BEST Inc. is a Chinese company providing integrated logistics services and supply chain management solutions. This chart compares its profitability expectations with those of China's competitive logistics sector. It shows how investors assess its ability to compete with giants like Alibaba and JD.com.
Future (projected) P/E of the market as a whole
BEST Inc. is a Chinese company providing integrated logistics and supply chain services. Its success is directly dependent on the volume of e-commerce and trade in China. This chart, reflecting global sentiment, influences China's economic growth, which is the main driver of the logistics sector and BEST's business.
Profit of the company, segment and market as a whole
Company profit BEST Inc.
BEST Inc. is a Chinese logistics and technology company providing comprehensive supply chain management services, including express delivery and warehousing. Its financial performance depends on shipment volumes and fierce competition in the Chinese logistics market. This chart reflects the challenging path to profitability in this industry.
Profit of companies in the market segment - Logist it
BEST Inc. is a leading provider of integrated logistics and supply chain solutions in China and Southeast Asia. This chart, showing overall sector profitability, reflects the growth of e-commerce. The efficiency and scale of BEST's network directly impacts the speed and cost of delivery for millions of online merchants, shaping the profitability of the entire industry.
Overall market profit
BEST Inc. is a Chinese logistics company providing comprehensive supply chain management, express delivery, and warehousing services. It operates in China's highly competitive and rapidly growing logistics market.
Future (predicted) profit of the company, segment and market as a whole
Future (projected) profit of the company BEST Inc.
BEST Inc. is a Chinese company providing integrated logistics and supply chain solutions. Future profit projections depend on shipment volumes, competition in the Chinese logistics market, and the efficiency of its operational network.
Future (predicted) profit of companies in the market segment - Logist it
BEST Inc. is a leading provider of intelligent supply chain and logistics solutions in China and Southeast Asia. This chart illustrates the total revenue forecast for the entire logistics IT solutions sector. It allows one to assess how the company's technological approach to logistics compares against the backdrop of intense competition and the growth of e-commerce in the region.
Future (predicted) profit of the market as a whole
BEST Inc. is a Chinese company providing integrated logistics and supply chain services. Its business is directly dependent on trade and manufacturing volumes in China. This chart, reflecting global economic expectations, is important because China's economy is heavily export-oriented, and global growth is driving demand for BEST's logistics services.
P/S of the company, segment and market as a whole
P/S - BEST Inc.
BEST Inc. is a Chinese company providing comprehensive logistics and supply chain solutions. This metric, which relates market capitalization to revenue, reflects the fierce competition in the Chinese logistics market. It shows the discount investors place on its revenue due to price wars and the need for massive capital investments.
P/S market segment - Logist it
BEST Inc. is a leading provider of integrated smart supply chain and logistics solutions in China. The company offers comprehensive services, including express delivery, freight forwarding, and warehouse management. This chart shows how the market values ββrevenue in the logistics sector, which helps understand how investors view BEST's technology platform and scale of operations.
P/S of the market as a whole
BEST Inc. is a Chinese company providing integrated logistics solutions and supply chain management services. This chart shows how investors value its revenue in China's highly competitive logistics industry compared to global players.
Future P/S of the company, segment and market as a whole
Future (projected) P/S of the company BEST Inc.
BEST Inc. is a Chinese company providing integrated logistics services and supply chain solutions. This chart shows how investors value the company based on projected future revenue. It reflects expectations for e-commerce growth in China and the competitive landscape in the logistics market.
Future (projected) P/S of the market segment - Logist it
BEST Inc. is a leading Chinese provider of integrated logistics solutions and supply chain services. This chart shows average industry expectations for future sales in the logistics IT sector. It helps assess how investors view BEST's prospects in the highly competitive Chinese logistics market following the sale of its express business.
Future (projected) P/S of the market as a whole
BEST (BEST) is a Chinese logistics company providing comprehensive supply chain management, express delivery, and freight services. Their success is directly dependent on trade and e-commerce volumes in China. This global outlook is less important to them than the specific economic conditions in China.
Sales of the company, segment and market as a whole
Company sales BEST Inc.
BEST Inc., a Chinese logistics company, generates revenue from comprehensive supply chain management services, including express delivery, freight transportation, and warehousing. This growth reflects the scale of e-commerce and manufacturing activity in China, as well as competition in this vast market.
Sales of companies in the market segment - Logist it
BEST Inc. is a Chinese company providing comprehensive logistics services and supply chain management solutions. Its revenue breakdown shows how revenue is split between express delivery, freight transportation, and warehousing services, reflecting its role in China's e-commerce infrastructure.
Overall market sales
BEST Inc. is a Chinese company providing integrated logistics and supply chain services. Its success is directly dependent on the volume of e-commerce and trade in China. This chart, reflecting overall economic activity, serves as a barometer for the logistics industry. Growth indicates increased product flows, which directly translates into business growth for BEST.
Future sales volume of the company, segment and market as a whole
Future (projected) sales of the company BEST Inc.
BEST Inc. is a Chinese logistics company providing comprehensive supply chain management, express delivery, and freight services. This chart reflects analyst forecasts for China's competitive logistics market.
Future (projected) sales of companies in the market segment - Logist it
BEST Inc. is a leading Chinese provider of integrated logistics solutions and supply chain services. This chart shows the forecast for the logistics IT sector. It reflects the rapid growth of e-commerce in China, which requires increasingly complex and efficient logistics networks, which BEST builds and manages.
Future (projected) sales of the market as a whole
The forecasts for e-commerce and global trade growth, illustrated by this chart, shape BEST's prospects. The logistics company, operating in China and Southeast Asia, is directly dependent on the volume of parcels and freight shipments. Economic growth in the region is a key driver of its business.
Marginality of the company, segment and market as a whole
Company marginality BEST Inc.
BEST Inc. is an integrated logistics and supply chain solutions provider in China. This chart shows profitability in the highly competitive logistics market. Profitability depends on parcel and cargo volumes, sorting center efficiency, and fierce price competition.
Market segment marginality - Logist it
BEST Inc. is a Chinese company providing comprehensive logistics and supply chain solutions, including express delivery and warehousing services. Profitability depends on the volume and efficiency of its extensive network. This chart shows the average profitability in the logistics industry. It helps assess how well BEST competes in China's vast and complex market.
Market marginality as a whole
BEST Inc. is a Chinese company providing integrated logistics and supply chain solutions. Its success depends on trade and e-commerce volumes in China. This chart, reflecting general global trends, can serve as a backdrop for assessing the state of the Chinese economy, which is the primary driver of BEST's freight volumes.
Employees in the company, segment and market as a whole
Number of employees in the company BEST Inc.
BEST Inc. is a Chinese company providing comprehensive logistics services and supply chain management solutions. This chart shows the company's extensive staff involved in sorting centers, delivery, and warehouse management. These changes, including layoffs, may reflect restructuring and intense competition in China's logistics market.
Share of the company's employees BEST Inc. within the market segment - Logist it
BEST Inc. is a Chinese logistics company providing comprehensive supply chain management services, including express delivery and warehousing. This chart shows the company's share of total employment in China's logistics sector, reflecting its scale and competition in one of the world's most dynamic markets.
Number of employees in the market segment - Logist it
BEST Inc. is a leading provider of integrated logistics and supply chain solutions in China. This chart, showing employment in the IT logistics sector, is key. The growing number of logisticians, drivers, and IT specialists in this industry reflects the enormous scale of e-commerce in China and the need for high-tech solutions to manage the vast flow of goods.
Number of employees in the market as a whole
BEST Inc. is a Chinese logistics and technology company providing comprehensive supply chain management services. This overall occupancy chart reflects the explosive growth of e-commerce in China. The growing number of online buyers and sellers requires complex and efficient logistics networks, which is precisely what BEST Inc. is building.
Market capitalization per employee (in thousands of dollars) of the company, segment, and market as a whole
Market capitalization per employee (in thousands of dollars) of the company BEST Inc. (BEST)
BEST Inc. (BEST) is a Chinese logistics and technology company providing express delivery and supply chain management services. While logistics is capital-intensive (warehouses, transportation), BEST also places a premium on IT. This metric reflects how the market values ββtheir physical assets and intellectual capital (software).
Market capitalization per employee (in thousands of dollars) in the market segment - Logist it
BEST Inc. is a Chinese company providing comprehensive logistics and supply chain solutions. Logistics is a labor-intensive industry, but BEST actively embraces technology. This metric helps understand how technologically advanced its model is compared to traditional carriers and how this impacts its valuation in the eyes of investors.
Market capitalization per employee (in thousands of dollars) for the overall market
BEST Inc. is a Chinese company providing comprehensive logistics and supply chain solutions. Logistics is a labor-intensive and technology-intensive business. This metric reflects how the market evaluates the company's ability to integrate technology (software, automation) with a large staff to effectively manage complex logistics operations.
Profit per employee (in thousands of dollars) for the company, segment, and market as a whole
Profit per employee (in thousands of dollars) of the company BEST Inc. (BEST)
BEST Inc. is a Chinese logistics company offering comprehensive services (express delivery, freight, supply chain management), historically linked to Alibaba. It's a highly competitive and low-margin business. This chart illustrates their brutal struggle for profitability: the meager profit (or loss) generated by each of their couriers and warehouse workers.
Profit per employee (in thousands of dollars) in the market segment - Logist it
BEST Inc. is a Chinese company providing comprehensive logistics and supply chain solutions, including express delivery and warehouse management. This chart reflects the efficiency of their technology-driven logistics network. In this competitive industry, success depends on scale, automation, and the ability to optimize every stage of delivery.
Profit per employee (in thousands of dollars) for the market as a whole
BEST Inc. (BEST) is a Chinese logistics company (a competitor of ZTO and JD Logistics) providing express delivery and supply chain management services. Logistics is a low-margin, labor-intensive business (sorting centers, couriers). This metric clearly demonstrates the low profitability per employee typical of the delivery sector.
Sales to employees of the company, segment and market as a whole
Sales per company employee BEST Inc. (BEST)
BEST Inc. is a leading logistics and supply chain company in China. This chart illustrates how the company competes in a vast and complex market. Revenue per employee dynamics reflect the efficiency of their transportation network, warehouses, and technology platforms.
Sales per employee in the market segment - Logist it
BEST Inc. is a Chinese company that provides comprehensive logistics services and supply chain management solutions, leveraging technology. This chart demonstrates the effectiveness of their hybrid model (physical logistics + IT). It reflects their ability to effectively manage freight flows and warehouses.
Sales per employee for the market as a whole
GigaCloud Technology (GCT) isn't just a logistics company; it's a B2B marketplace that connects manufacturers (primarily in Asia) with retailers (in the US and Europe) in the oversized goods segment (furniture, fitness equipment). This chart demonstrates the effectiveness of their model. GigaCloud handles the complex last-mile logistics of heavy goods, leveraging its warehouse network and AI. This allows them to scale transactions.
Short shares by company, segment and market as a whole
Shares shorted by company BEST Inc. (BEST)
BEST Inc. (BEST) is a Chinese logistics company operating in the express delivery and supply chain industries. This chart tracks bearish bets. The shorts reflect the brutal price war in China's logistics industry, which is making the business chronically unprofitable.
Shares shorted by market segment - Logist it
BEST Inc. (BEST) is a Chinese company providing integrated logistics services and supply chain management. The chart below shows the overall short position in the logistics sector. It demonstrates how concerned investors are about the economic slowdown in China and price wars in shipping.
Shares shorted by the overall market
BEST Inc. is a Chinese logistics operator. Its business reflects economic activity in China. This chart shows the overall market pessimism. For investors, this is a double whammy: fears of a global recession (a decline in trade) and concerns about a slowdown in China's own economy. This hits BEST from both sides.
RSI 14 indicator for a company, segment, and market as a whole
The company's RSI 14 indicator BEST Inc. (BEST)
BEST Inc. (BEST) is a Chinese company providing integrated logistics services and supply chain solutions. The Chinese market is vast, but highly competitive and subject to pricing pressure. This indicator measures the strength of a price trend. It shows when a stock is "overheated" (above 70) or "oversold" (below 30), reflecting sector sentiment and company reports.
RSI 14 Market Segment - Logist it
BEST Inc. is a Chinese technology company providing comprehensive logistics services and supply chain management solutions, including express delivery and warehousing. This chart reflects the overall state of the IT logistics sector. It helps understand whether the entire segment is oversold due to China's economic slowdown or price wars.
RSI 14 for the overall market
BEST Inc., a Chinese logistics company, sees a dual risk in this chart: economics and geopolitics. In times of euphoria, investors are eager to invest in China, and global trade is booming. In moments of panic, capital flees Chinese stocks, and fears of a recession freeze global supply chains.
Analyst consensus forecast for the company's share price, the segment, and the market as a whole
Analyst consensus stock price forecast BEST (BEST Inc.)
BEST Inc. is a Chinese logistics company providing comprehensive supply chain management services, including express delivery and freight. This chart shows the average 12-month forecast of analysts. It reflects their view on the fierce competition in China's logistics sector and the company's ability to achieve profitability.
The difference between the consensus estimate and the actual stock price BEST (BEST Inc.)
BEST Inc. (BEST) is a Chinese logistics heavyweight. The company offers a full range of services, from express delivery (couriers) to supply chain management. This chart shows how far the current share price differs from its "fair" value. It reflects analysts' views on its challenging comeback amid the price war in China's logistics industry.
Analyst consensus forecast for stock prices by market segment - Logist it
BEST Inc. (BEST) is a Chinese logistics company (a competitor of ZTO) that provides express delivery and supply chain management services. This chart shows analysts' overall expectations for the IT logistics sector. It reflects whether experts believe e-commerce and logistics will recover in China.
Analysts' consensus forecast for the overall market share price
BEST Inc. (BEST) is a Chinese logistics operator. They manage complex supply chains, freight, and parcel networks in China. They are the lifeblood of the Chinese economy. This chart shows the general sentiment of global analysts. It reflects the extent to which experts believe in the stability and growth of the Chinese economy, on which BEST depends.
AKIMA index of the company, segment and market as a whole
AKiMA Company Index BEST Inc.
BEST is the fallen angel of Chinese logistics. Once a titan (a competitor to ZTO), they were forced to sell their core business (express delivery) and are now focusing on what remains: B2B logistics (freight) and warehouse management in China. This chart is a summary indicator of their battle for survival. It reflects their (falling) revenues and their (desperate) struggle for profitability.
AKIMA Market Segment Index - Logist it
BEST Inc. is a Chinese logistics giant. They provide comprehensive services, from express parcel delivery to complex supply chain management and freight. This is IT logistics in action. This chart compares their composite index to the sector, showing how their technology-enabled logistics outperforms their competitors.
The AKIM Index for the overall market
BEST Inc. is a Chinese logistics company providing supply chain and freight services. It sold its express business. This chart, showing the average (global/US) market performance, serves as a benchmark. It helps assess how BEST, a restructuring player, compares to overall trends.