Uber Technologies Stock Math Transform Price Common Logarithm

UBER Stock  USD 78.11  0.20  0.26%   
Uber Technologies math transform tool provides the execution environment for running the Price Common Logarithm transformation and other technical functions against Uber Technologies. Uber Technologies value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of math transform indicators. As with most other technical indicators, the Price Common Logarithm transformation function is designed to identify and follow existing trends. Analysts that use price transformation techniques rely on the belief that biggest profits from investing in Uber Technologies can be made when Uber Technologies shifts in price trends from positive to negative or vice versa.

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Uber Technologies Price Common Logarithm is logarithm with base 10 applied on the entire pricing series.

Uber Technologies Technical Analysis Modules

Most technical analysis of Uber Technologies help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Uber from various momentum indicators to cycle indicators. When you analyze Uber charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Uber Technologies Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Uber Technologies. We use our internally-developed statistical techniques to arrive at the intrinsic value of Uber Technologies based on widely used predictive technical indicators. In general, we focus on analyzing Uber Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Uber Technologies's daily price indicators and compare them against related drivers, such as math transform and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Uber Technologies's intrinsic value. In addition to deriving basic predictive indicators for Uber Technologies, we also check how macroeconomic factors affect Uber Technologies price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Dividend Yield0.0011930.001133
Price To Sales Ratio3.366.27
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Uber Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
75.5278.1180.70
Details
Intrinsic
Valuation
LowRealHigh
70.3089.8392.42
Details
Naive
Forecast
LowNextHigh
78.2480.8383.43
Details
50 Analysts
Consensus
LowTargetHigh
49.1353.9959.93
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Uber Technologies. Your research has to be compared to or analyzed against Uber Technologies' peers to derive any actionable benefits. When done correctly, Uber Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Uber Technologies.

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Uber Technologies pair trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Uber Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Uber Technologies will appreciate offsetting losses from the drop in the long position's value.

Uber Technologies Pair Trading

Uber Technologies Pair Trading Analysis

The ability to find closely correlated positions to Uber Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Uber Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Uber Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Uber Technologies to buy it.
The correlation of Uber Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Uber Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Uber Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Uber Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Uber Technologies is a strong investment it is important to analyze Uber Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Uber Technologies' future performance. For an informed investment choice regarding Uber Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Uber Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Uber Stock, please use our How to Invest in Uber Technologies guide.
Note that the Uber Technologies information on this page should be used as a complementary analysis to other Uber Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Uber Stock analysis

When running Uber Technologies' price analysis, check to measure Uber Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Uber Technologies is operating at the current time. Most of Uber Technologies' value examination focuses on studying past and present price action to predict the probability of Uber Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Uber Technologies' price. Additionally, you may evaluate how the addition of Uber Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Uber Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Uber Technologies. If investors know Uber will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Uber Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.269
Earnings Share
0.87
Revenue Per Share
18.314
Quarterly Revenue Growth
0.154
Return On Assets
0.0196
The market value of Uber Technologies is measured differently than its book value, which is the value of Uber that is recorded on the company's balance sheet. Investors also form their own opinion of Uber Technologies' value that differs from its market value or its book value, called intrinsic value, which is Uber Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Uber Technologies' market value can be influenced by many factors that don't directly affect Uber Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Uber Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Uber Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Uber Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.