Uber Technologies (UK) Market Value
| 0A1U Stock | USD 70.50 1.30 1.88% |
| Symbol | Uber |
Uber Technologies 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Uber Technologies' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Uber Technologies.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Uber Technologies on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Uber Technologies or generate 0.0% return on investment in Uber Technologies over 30 days. Uber Technologies is related to or competes with Uniper SE, London Security, SURETRACK MON, Ikigai Ventures, and Heavitree Brewery. Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin Am... More
Uber Technologies Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Uber Technologies' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Uber Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.9 |
Uber Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Uber Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Uber Technologies' standard deviation. In reality, there are many statistical measures that can use Uber Technologies historical prices to predict the future Uber Technologies' volatility.| Risk Adjusted Performance | 0.0289 | |||
| Jensen Alpha | 0.0015 | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.1297 |
Uber Technologies Backtested Returns
Uber Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0697, which indicates the firm had a -0.0697% return per unit of risk over the last 3 months. Uber Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Uber Technologies' Coefficient Of Variation of 2793.12, risk adjusted performance of 0.0289, and Variance of 0.8076 to confirm the risk estimate we provide. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Uber Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Uber Technologies is expected to be smaller as well. At this point, Uber Technologies has a negative expected return of -0.0447%. Please make sure to validate Uber Technologies' mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if Uber Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Uber Technologies has no correlation between past and present. Overlapping area represents the amount of predictability between Uber Technologies time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Uber Technologies price movement. The serial correlation of 0.0 indicates that just 0.0% of current Uber Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Uber Technologies lagged returns against current returns
Autocorrelation, which is Uber Technologies stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Uber Technologies' stock expected returns. We can calculate the autocorrelation of Uber Technologies returns to help us make a trade decision. For example, suppose you find that Uber Technologies has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Uber Technologies regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Uber Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Uber Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Uber Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Uber Technologies Lagged Returns
When evaluating Uber Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Uber Technologies stock have on its future price. Uber Technologies autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Uber Technologies autocorrelation shows the relationship between Uber Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Uber Technologies.
Regressed Prices |
| Timeline |
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Uber Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.