High innovation scores and positive price trends – keep an eye on those companies
Our Quant IP Innovation Score quantifies the relative innovation strength of a company from the perspective of an investor. So it not only captures innovation growth, efficiency and quality. It also incorporates the valuation the market assesses to the company. The cheaper I can get good relative innovation strength, the better for me as an investor – the higher the innovation score.
![Stocks to watch 1 Innovation Score](https://quant-ip.com/wp-content/uploads/2020/06/Innovation-Score-1024x553.png)
Looking back to historic values it is pretty rare to see high or rising scores and very strong price trends in stocks at the same time. They mean that a company´s innovation strength grows as fast as it´s share price or even faster. I found 5 companies where this seems to be the case right now:
- GN Store, Denmark, hearing aids and headphones
![Stocks to watch 2 GN Store](https://quant-ip.com/wp-content/uploads/2020/06/GN-Store.png)
2. Coupa Software, USA, procurement, invoice and expense management software
![Stocks to watch 3 Coupa](https://quant-ip.com/wp-content/uploads/2020/06/Coupa.png)
3. Insulet, USA, insulin injection technology
![Stocks to watch 4 Insulet](https://quant-ip.com/wp-content/uploads/2020/06/Insulet.png)
4. Cadence, USA, chip design software
![Stocks to watch 5 Cadence](https://quant-ip.com/wp-content/uploads/2020/06/Cadence.png)
5. Intuit, USA, financial, accounting and tax preparation software
![Stocks to watch 6 Intuit](https://quant-ip.com/wp-content/uploads/2020/06/Intuit.png)