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Gig Economy Stocks$37.15
-1.44%4:00PM 11/25/2022
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 @ 18:00:01 PM 11/25/2022
Summary :
Average return is down -1.4%
Median return is down -1.5%
0 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 down 1.4% on average while median return down 1.5% in a day
  • Gig Economy stocks down 4.0% on average while median return down 1.9% in a week
  • Gig Economy stocks down 2.7% on average while median return down -1.1% 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 %)
PIXY7.7%
-9.2%
36.4%
6.20154.5M10%5%53/\106-0.6%
UBER-1.0%
-1.3%
1.1%
-6.26-0.686.838.6553B4%76%50-/\151-0.1%
LYFT-1.5%
-1.9%
-24.5%
-2.97213.679.293.9B10%85%39\/-\151-0.5%
FVRR-1.8%
-8.9%
15.9%
-14.267.5947.0236.331.3B5%48%54/-151-0.3%

* 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 $FVRR 15.9%
  • 1M losers are : Losers for past month are $LYFT -24.5%
  • 1W winners are : Winners for past week are
  • 1W losers are : Losers for past week are $FVRR -8.9%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 2.7%, for the past 3 months is 22.6%

In the past month for a 5 days rolling window, the highest corrrelation is 82.6%, the lowest correlation is -27.4%, the latest correlation is -2.2%

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 51.1% between FVRR and UBER

The lowest correlation is -55.7% between FVRR and GIGE

Stock news

    11/25/2022UBER
    Microsoft overtakes Amazon as most popular hedge fund bet: Goldman Sachs

    Microsoft has replaced Amazon as the name most likely to appear as a top holding for the market's big players.

    11/23/2022UBER
    UPDATE 1-Uber, delivery apps propose offering Mexico drivers social security

    Tech giant Uber and delivery apps DiDi and Rappi have proposed offering social security benefits to workers in Mexico for the first time ahead of a new government bill set to regulate the gig economy. They stopped short of agreeing to classify drivers as employees, however, and few details were given on how payments towards social security costs would be divided. Mexican Labor Minister Luisa Alcalde has said officials are working on a bill that would bring gig workers into the "formal economy,...

    11/23/2022LYFT
    Google, HP, Amazon, Cisco, Roku, Meta, Twitter, Intel: Here are the companies in the layoffs spotlight.

    From Salesforce and Beyond Meat to Snap, Lyft, and Robinhood, big names across a number of sectors have announced major layoffs in October and November

    11/23/2022UBER
    Uber, delivery apps propose offering Mexico drivers social security

    MEXICO CITY (Reuters) -Tech giant Uber and delivery apps DiDi and Rappi have proposed offering social security benefits to workers in Mexico for the first time ahead of a new government bill set to regulate the gig economy. They stopped short of agreeing to classify drivers as employees, however, and few details were given on how payments towards social security costs would be divided. Mexican Labor Minister Luisa Alcalde has said officials are working on a bill that would bring gig workers in...

    11/23/2022UBER
    Uber, delivery apps propose offering Mexico drivers social security benefits

    Tech giant Uber and delivery apps DiDi and Rappi have proposed offering social security benefits to workers in Mexico for the first time ahead of a new government bill set to regulate the gig economy. They stopped short of agreeing to classify drivers as employees, however, and few details were given on how payments towards social security costs would be divided. Mexican Labor Minister Luisa Alcalde has said officials are working on a bill, which she hopes to present before the end of the year...

    11/23/2022LYFT
    Minneapolis bike rental service Nice Ride Minnesota will lose sponsor Blue Cross Blue Shield

    For more than a decade, Nice Ride Minnesota's rental bikes in the Twin Cities have borne the logo of sponsor Blue Cross Blue Shield of Minnesota. But BCBS says it's ending its sponsorship in summer 2023.

    11/22/2022LYFT
    Maybe Winning Is Quitting in Tech Right Now

    Tech leaders have apologized for their companies’ losses and layoffs, but few are contrite enough to change course.

    11/22/2022FVRR
    2 Under-the-Radar Tech Stocks to Buy in 2022

    These two high-quality tech companies have seen their stocks trampled in the gutters of Wall Street this year. Nevertheless, they are poised for a soaring comeback in the long haul.

    11/22/2022LYFT
    The Companies Cutting Jobs, Freezing Hiring: Here’s the List

    Amazon and Meta are among employers reducing head count, with layoffs concentrated in the tech industry.

    11/22/2022LYFT
    Lyft stock downgraded amid concerns about economic pressures, insurance costs

    Shares of Lyft Inc. were down more than 1% in premarket trading Tuesday after Cowen & Co. analyst John Blackledge downgraded the stock to market perform from outperform, writing of potential pressures stemming from insurance costs and the macroeconomic climate. On Lyft's last earnings call, President John Zimmer said that inflationary pressures and rising insurance costs were an "industry issue" and that they were "primarily driven by rising premiums as a result of higher cost of used vehicles,