Analysis for Shopify
Description & usage
Shopify provides a commerce platform that lets merchants run storefronts, payments, marketing, and fulfillment workflows in one stack. The model combines subscription revenue with transaction-linked income from payments and merchant services. Key drivers are merchant growth, gross payment volume, attach rates of value-added services, and international ecosystem expansion.
Basic info
- Symbol
- SHOP
- Type
- Stock
- Region
- Canada
- Sector
- Information Technology
- Available history
- 10.9 years
- Last trading day
- 04/02/2026
Basic info
- Symbol
- SHOP
- Type
- Stock
- Region
- Canada
- Sector
- Information Technology
- Available history
- 10.9 years
- Last trading day
- 04/02/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Analysis summary
Technical asset picture
Shopify (SHOP) currently has a total score of 48 points, placing it in the neutral range. The score is made up of Performance (75), Stability (17) and Trend (29). The profile is clearly uneven: Performance stands out while Stability lags.
Performance scores 75 points (strong). Key strength: 10Y return at 4,281.3 %. Main drag: 5Y return at 11.0 %.
Stability scores 17 points (very weak). Key strength: CAGR/drawdown ratio at 0.54. Main drag: volatility (365d, annualized) at 60.9 %. That implies very high day-to-day swings. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 29 points (weak). Trend signals are mostly negative right now. Key strength: 12M momentum at 32.8 %. Main drag: Price is about 16.2 % below SMA100.
Overall, the picture is mixed: Performance does the heavy lifting while Stability holds the score back. On a metric level, 10Y return stands out, while volatility (365d, annualized) is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For tech, growth, and communication-services assets, higher real yields and a stronger US dollar typically lean headwind.
Note: DXY is used here as the latest available reading; ISM PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.