Aggregated price index
Aggregated price index with volume information
- Ride Share stocks down 3.1% on average while median return down 3.2% in a day
- Ride Share stocks up 0.6% on average while median return up 0.6% in a week
- Ride Share stocks up 6.3% on average while median return up 6.0% 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.
- 1M winners are : Winners for past month are $UBER 8.1%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $UBER 1.4%
- 1W losers are : Losers for past week are $LYFT -0.2%
Index correlation analysis
Correlation for the past month is 58.9%, for the past 3 months is 70.1%
In the past month for a 5 days rolling window, the highest corrrelation is 97.9%, the lowest correlation is -68.8%, the latest correlation is 97.9%
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 58.9% between LYFT and UBER
The lowest correlation is 58.9% between LYFT and UBER
Uber Technologies is a global company that is transforming the ride-sharing and meal delivery markets. After a much-hyped debut on May 10, 2019, Uber stock is one of the most watched IPO stocks today, but is Uber a buy right now in the current coronavirus stock market rally? Uber is in the midst of a dramatic turnaround, as the company fights to turn a profit.
Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its fourth quarter and full year 2020 financial results on Wednesday, February 10, 2021 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
Dow Jones futures: As a Trump impeachment vote nears, Tesla rebounded while GM and Uber led breakouts. Target reported booming digital holiday sales.
Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.We recently surveyed whether shares of Uber Technologies Inc (NYSE: UBER) will reach $75 by 2022.Uber Stock Forecast Uber develops and operates proprietary technology applications that connect consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants ...
Americans downloaded DoorDash (NYSE: DASH) twice as much as they downloaded the Uber (NYSE: UBER) Eats app. Uber Eats had nearly twice as many downloads worldwide versus the DoorDash app, which is more concentrated in the U.S. and Canada. The second factor to consider is Uber updated its main app to include Eats, making the Uber Eats app redundant for users in many markets.
Uber Technologies Inc on Wednesday appealed a $59 million fine by a California regulator in a dispute over whether the company should share detailed information on sexual assault and harassment claims reported on its ride-hailing platform. The California Public Utilities Commission (CPUC) fined Uber in December after the company refused to share the information, including full names and contact information, arguing that doing so would violate victims' rights to privacy. On Monday, an anti-sexu...
(Bloomberg) -- What began as a desperate year for startups, characterized by mass layoffs as the pandemic took hold, has turned into a record venture capital funding haul. Despite the economic tumult wrought by the coronavirus, startup investing in the U.S. reached a record high of $130 billion in 2020, according to a new Money Tree report from PricewaterhouseCoopers/CB Insights. Companies like Instacart Inc. and Stripe Inc. helped drive the surge by raising hundreds of millions apiece, even tho...
Uber Inc (NYSE: UBER) and Moderna Inc (NASDAQ: MRNA) said they are collaborating on supporting the uptake of COVID-19 vaccines.What Happened: The two companies will initially work on providing accessible and "credible information" on vaccine safety through Uber's in-app messaging, according to a statement released Tuesday.The duo also plans to work in tandem with public health and other organizations to identify additional opportunities to support the efforts to broaden access to the vaccines.Op...
In an unusual business tie-up, biotech Moderna (NASDAQ: MRNA) and ridesharing king Uber Technologies (NYSE: UBER) are collaborating on a program to raise awareness of coronavirus vaccines. According to a press release published jointly by both companies, they will "will work together initially to provide accessible, credible information on vaccine safety through Uber's in-app messaging... [and] work with public health and other organizations to identify additional opportunities to support ongoi...