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Gig Economy Stocks$124.45
-1.39%4:00PM 10/18/2021
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 @ 19:46:00 PM 10/18/2021
Summary :
Average return is down -0.8%
Median return is down -1.9%
2 out of 5 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Gig Economy stocks down 1.4% on average while median return down 2.2% in a day
  • Gig Economy stocks up 2.4% on average while median return up 1.7% in a week
  • Gig Economy stocks down 0.6% on average while median return down 2.6% 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 %)
FVRR1.9%
12.2%
-2.6%
-168.127.5947.0236.337B5%48%58/-190-0.1%
LYFT-2.2%
-4.4%
-3.3%
-10.21213.679.2916.5B10%85%42\/\96-0.1%
UBER-2.7%
1.7%
18.4%
-84.86-0.686.838.6587.6B4%76%57-/\Above resistance96-0.2%
PIXY-4.7%
-2.9%
-18.4%
6.2030.1M10%5%32/\105-0.6%

* 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)

  • 1M winners are : Winners for past month are $UBER 18.4%, $GIGE 0.8%
  • 1M losers are : Losers for past month are $LYFT -3.3%, $PIXY -18.4%
  • 1W winners are : Winners for past week are $FVRR 12.2%, $GIGE 5.5%
  • 1W losers are : Losers for past week are $PIXY -2.9%, $LYFT -4.4%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 43.6%, for the past 3 months is 27.9%

In the past month for a 5 days rolling window, the highest corrrelation is 77.6%, the lowest correlation is 15.9%, the latest correlation is 20.7%

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 85.4% between FVRR and GIGE

The lowest correlation is 0.4% between PIXY and UBER

Stock news

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    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

    10/17/2021UBER
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    10/17/2021UBER
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    10/15/2021UBER
    Uber Stock Is Rising Because An Analyst Says It’s a Buy Ahead of Earnings

    Evercore ISI analyst Mark Mahaney issued a “tactical outperform” call on Uber stock, while keeping his Outperform rating and $70 target price.

    10/15/2021UBER
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    10/15/2021LYFT
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    Uber’s average pricing has fallen 10% below Lyft's, according to new research from RBC analyst Brad Erickson.