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Gig Economy Stocks$46.25
-4.38%4:00PM 03/22/2023
The list of companies include FVRR-Fiverr International Ltd, UBER-Uber Technologies Inc, LYFT-Lyft Inc, PIXY-ShiftPixy Inc
Latest intraday update before market close @ 16:45:27 PM 03/23/2023
Summary :
Average return is up 3.0%
Median return is up 1.4%
2 out of 4 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Gig Economy stocks down 4.4% on average while median return down 4.4% in a day
  • Gig Economy stocks down 1.0% on average while median return down 1.0% in a week
  • Gig Economy stocks down 17.8% on average while median return down 9.1% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks

Click on + to show price series and click on ticker for stock detail page

Ticker
1 Day Return
1 Week Return
1 Month Return
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
FVRR-1.2%
-0.6%
-10.4%
-13.767.5947.0236.331.2B5%48%41\-1670.3%
UBER-4.1%
-1.4%
-7.8%
-6.81-0.686.838.6558.7B4%76%45/\/1670.2%
LYFT-4.8%
10.8%
-6.8%
-2.23213.679.293.7B10%85%45\/\167-0.2%
PIXY-7.5%
-12.2%
-25.5%
6.2036.9M10%5%24\138-0.5%

* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.

* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.

* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.

Related ETFs (click on ticker for stock detail page)

leak data

  • 1M winners are : Winners for past month are
  • 1M losers are : Losers for past month are $FVRR -10.4%, $PIXY -25.5%
  • 1W winners are : Winners for past week are $LYFT 10.8%
  • 1W losers are : Losers for past week are $UBER -1.4%, $PIXY -12.2%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 42.6%, for the past 3 months is 30.0%

In the past month for a 5 days rolling window, the highest corrrelation is 67.1%, the lowest correlation is 15.6%, the latest correlation is 63.0%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 58.2% between LYFT and UBER

The lowest correlation is 22.0% between FVRR and PIXY

Stock news

    03/22/2023LYFT
    10 Best Delivery Stocks To Buy Now

    In this piece, we will take a look at the ten best delivery stocks to buy now. For more stocks, head on over to 5 Best Delivery Stocks To Buy Now. The delivery industry is one of the most important sectors out there, but also one that is frequently misunderstood. While there are thousands of […]

    03/22/2023UBER
    These Are The Best Robinhood Stocks To Buy Or Watch Now

    Buying a stock is easy, but purchasing the right stock without a proven strategy is incredibly hard. Here are the best Robinhood stocks to buy now.

    03/20/2023UBER
    Uber Technologies (UBER) Gains But Lags Market: What You Should Know

    In the latest trading session, Uber Technologies (UBER) closed at $31.93, marking a +0.47% move from the previous day.

    03/20/2023UBER
    16 Best Strong Buy Stocks To Invest In

    In this article, we will discuss the 16 best strong buy stocks to invest in. If you want to explore similar stocks, you can also take a look at 5 Best Strong Buy Stocks To Invest In. We have seen a lot of investor repositioning in recent days as the global banking crisis has created market […]

    03/20/2023LYFT
    UPDATE 1-Uber, Lyft trade group questions Biden's labor nominee's gig workers stance

    Rideshare and delivery companies want the Biden administration's nominee for the Department of Labor to clarify her position on an incoming worker-classification rule that could expand workers' rights, a trade group representing the companies said on Monday. The Department of Labor in October proposed a rule that would make it more difficult for companies to treat workers as independent contractors, which would shake up ride-hailing, delivery and other industries that rely on gig workers. The ...

    03/20/2023LYFT
    Uber, Lyft trade group questions Biden's labor nominee's gig workers stance

    Rideshare and delivery companies want the Biden administration's nominee for the Department of Labor to clarify her position on an incoming worker-classification rule that could expand workers' rights, a trade group representing the companies said on Monday. The Department of Labor in October proposed a rule that would make it more difficult for companies to treat workers as independent contractors, which would shake up ride-hailing, delivery and other industries that rely on gig workers. The ...

    03/20/2023LYFT
    Uber, Lyft trade group asks Biden's labor nominee to explain position on gig workers

    A trade group representing rideshare and delivery companies such as Uber and Lyft is asking President Joe Biden's nominee to lead the U.S. Department of Labor, Julie Su, to explain her position on worker-classification rules. The Flex Association sent a letter to Biden on Monday asking that Su explain how she would implement a proposed rule that could make it easier for workers to be considered employees rather than independent contractors, or gig workers, in a "manner that protects independent...

    03/20/2023UBER
    Why UiPath, Uber, and Oracle Are No-Brainer Buys Right Now

    Let's review a trio of stocks which fit that description -- UiPath (NYSE: PATH), Uber (NYSE: UBER), and Oracle (NYSE: ORCL) -- and why they're no-brainer buys for long-term investors. UiPath's robotic process automation (RPA) tools can be integrated into an organization's existing infrastructure to automate repetitive tasks like entering data, processing invoices, sending out mass emails, and onboarding customers.

    03/20/2023UBER
    Ulez should be in every British city, says Uber’s UK chief

    Sadiq Khan’s Ulez should be expanded to cities across the UK, Uber has said, as it races to make all its cars fully electric in two years’ time.

    03/20/2023FVRR
    Investors in Fiverr International (NYSE:FVRR) have unfortunately lost 54% over the last year

    While not a mind-blowing move, it is good to see that the Fiverr International Ltd. ( NYSE:FVRR ) share price has...