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Gig Economy Stocks$27.83
2.46%4:00PM 07/01/2022
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 @ 19:45:53 PM 07/01/2022
Summary :
Average return is up 2.7%
Median return is up 2.0%
3 out of 3 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Gig Economy stocks up 2.5% on average while median return up 1.6% in a day
  • Gig Economy stocks down 11.4% on average while median return down 11.5% in a week
  • Gig Economy stocks down 14.2% on average while median return down 13.4% 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 %)
UBER4.3%
-7.3%
-7.0%
-6.49-0.686.838.6539.7B4%76%43\/-\131-0.3%
FVRR1.6%
-11.5%
-13.4%
-19.737.5947.0236.331.3B5%48%42/-261-0.4%
LYFT1.5%
-17.5%
-21.0%
-5.5213.679.294.6B10%85%35\/\131-0.4%
PIXY-6.6%
-3.8%
-12.0%
6.2010M10%5%46\159-0.5%

* 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 $LYFT -21.0%
  • 1W winners are : Winners for past week are
  • 1W losers are : Losers for past week are $LYFT -17.5%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 45.3%, for the past 3 months is 32.6%

In the past month for a 5 days rolling window, the highest corrrelation is 89.3%, the lowest correlation is 9.4%, the latest correlation is 38.6%

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 93.4% between FVRR and LYFT

The lowest correlation is -6.6% between GIGE and UBER

Stock news

    07/1/2022UBER
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    In this article, we discuss the 10 best stocks to buy now according to billionaire Larry Robbins. You can skip our detailed analysis of Glenview Capital and go directly to 5 Best Stocks to Buy Now According to Billionaire Larry Robbins. Larry Robbins is a billionaire hedge fund manager as well as a philanthropist. He […]

    07/1/2022LYFT
    Complaints show the debate over gig workers didn't start over flexibility or benefits. It was about money.

    Ride-hail drivers such as those from Uber of Lyft wanted more money — not flexibility or benefits, as widely believed — according to complaints to the state attorney general's office reviewed by the Business Journal.

    06/30/2022UBER
    Uber safety report: Fatalities up, sexual-assault reports down

    Uber Technologies Inc. on Thursday released its second U.S. safety report, which showed a rise in fatalities from motor vehicle crashes and assault incidents, and a drop in sexual-assault reports, compared with its previous safety report.

    06/30/2022FVRR
    Got $3,000? 3 Growth Stocks to Double Up on Right Now

    If you still have a long time horizon before retirement, a downturn is an excellent time to stock up on the many great growth stocks that are being slammed right now. Fiverr International (NYSE: FVRR), Revolve Group (NYSE: RVLV), and Airbnb (NASDAQ: ABNB) are three of my favorite growth stocks to buy right now. The "Great Resignation" is changing working patterns across the U.S., and that's aided in part by freelance companies like Fiverr, which offer a platform for working from home on a flex...

    06/30/2022UBER
    FEATURE-Gig economy workers hit by high fuel prices and layoffs

    The workers said last month's new regime made it near impossible to make ends meet amid record petrol prices. A surge in crude oil and commodity prices since Russia invaded Ukraine in February has boosted inflation globally. This has hit platform workers particularly hard, squeezed by higher fuel prices https://news.trust.org/item/20211022090230-us99t and lower earnings, said Rikta Krishnaswamy a national coordinator at the All India Gig Workers' Union.

    06/30/2022UBER
    Why the latest round of tech layoffs feels a bit different

    There have been two distinct waves of tech layoffs amid COVID-19, according to Layoffs.fyi creator Roger Lee.

    06/30/2022UBER
    Uber: stakes in rival companies no longer make sense

    Uber’s investment in Chinese ride-hailing company Didi has outlived its usefulness. Didi’s share price may have jumped nearly 50 per cent this month following reports that a Chinese government probe is coming to an end. In 2016 Uber sold its Chinese operations to Didi in return for an 18.8 per cent stake — a deal valued at about $7bn at the time.

    06/30/2022UBER
    Inside Didi’s $60 Billion Crash That Changed China Tech Forever

    (Bloomberg) -- It was an unusually frigid December weekend when Cheng Wei summoned his inner circle to his Beijing office. The founder of Didi Global Inc., dressed entirely in black, told his lieutenants to slash spending by a fifth in 2022 and begin layoffs after staff return from Lunar New Year vacations. He delivered his bombshell flanked by a giant Powerpoint slide that read: “Don’t live with illusions. Face reality.”Most Read from BloombergStock Doomsayers Vindicated in Historic First Half:

    06/29/2022FVRR
    Fiverr International (FVRR) Dips More Than Broader Markets: What You Should Know

    In the latest trading session, Fiverr International (FVRR) closed at $36.15, marking a -0.47% move from the previous day.

    06/29/2022LYFT
    Roe v. Wade: Companies must create culture of 'psychological safety,' expert says

    How companies are approaching mental health in the wake of Roe V. Wade decision.