Quantisnow Analyst Sentiment Index
Analyst sentiment in October 2021
Last updated . Recomputed daily.
In October 2021, analysts issued 315 upgrades and 425 downgrades on stocks tracked by Quantisnow, an upgrade-to-downgrade ratio of 0.74 (September: 1.03).
Key figures
- Upgrades
- 315
- Prior month: 274
- Downgrades
- 425
- Prior month: 265
- Upgrade-to-downgrade ratio
- 0.74
- Prior month: 1.03
- Coverage initiated
- 824
- Prior month: 575
- Ratings reiterated
- 2,093
- Prior month: 1,074
- All rating actions
- 3,657
- Prior month: 2,188
Upgrades and downgrades by sector, October 2021
| Sector | Upgrades | Downgrades | Ratio | All actions |
|---|---|---|---|---|
| Technology | 36 | 65 | 0.55 | 716 |
| Consumer Discretionary | 49 | 69 | 0.71 | 693 |
| Health Care | 29 | 67 | 0.43 | 545 |
| Finance | 47 | 49 | 0.96 | 483 |
| Industrials | 47 | 46 | 1.02 | 448 |
| Energy | 33 | 27 | 1.22 | 244 |
| Real Estate | 23 | 23 | 1.00 | 174 |
| Utilities | 13 | 15 | 0.87 | 102 |
| Consumer Staples | 8 | 15 | 0.53 | 78 |
| Basic Materials | 12 | 19 | 0.63 | 53 |
| Telecommunications | 6 | 14 | 0.43 | 41 |
| Unclassified | 8 | 7 | 1.14 | 29 |
| Consumer Services | 1 | 3 | 0.33 | 13 |
| Miscellaneous | 0 | 1 | 0.00 | 12 |
| Transportation | 0 | 1 | 0.00 | 6 |
| Capital Goods | 0 | 1 | 0.00 | 5 |
| Consumer Durables | 1 | 1 | 1.00 | 5 |
| n/a | 2 | 0 | 0.00 | 5 |
| Public Utilities | 0 | 2 | 0.00 | 4 |
| Basic Industries | 0 | 0 | 0.00 | 1 |
Methodology
Every analyst rating action Quantisnow receives is stored with its brokerage, prior and new rating, and price target. Each action is classified as an upgrade, downgrade, initiation of coverage, resumption of coverage or reiteration (which includes price-target-only changes).
The upgrade-to-downgrade ratio is upgrades divided by downgrades for the month. Sector comes from the covered company's profile; companies without a sector are grouped as Unclassified.
Figures are recomputed daily from the Quantisnow event database. The current month is marked as month to date until it closes; the previous month is recomputed daily through the following month to pick up late filings, then stays fixed.
Definitions for every column are in the JSON download.
Metric definitions
- Upgrades
- (
upgrades) - Downgrades
- (
downgrades) - Upgrade-to-downgrade ratio
- (
ratio): Upgrades divided by downgrades. Above 1.00 means more upgrades than downgrades. - Coverage initiated
- (
initiations) - Ratings reiterated
- (
reiterations) - All rating actions
- (
total)
Download and cite
Free to reuse under CC BY 4.0 with attribution to Quantisnow and a link to this page.
Quantisnow. (2026). Quantisnow Analyst Sentiment Index, October 2021 [Data set]. Retrieved October 27, 2026, from https://www.quantisnow.com/data/analyst-ratings/2021-10
<figure style="margin:0;max-width:720px"><a href="https://www.quantisnow.com/data/analyst-ratings"><img src="https://www.quantisnow.com/data/analyst-ratings.svg" alt="Quantisnow Analyst Sentiment Index chart" width="720" height="340" style="width:100%;height:auto" loading="lazy"></a><figcaption style="font:12px sans-serif;color:#5b6470">Source: <a href="https://www.quantisnow.com/data/analyst-ratings">Quantisnow Analyst Sentiment Index</a> by Quantisnow</figcaption></figure>