Is Uber Technologies Inc a Good Buy in the Software - Application Industry - InvestorsObserver
| UT8 Stock | EUR 59.56 0.96 1.64% |
Roughly 52% of Uber Technologies' stockholders are presently thinking to get in. The analysis of current outlook of investing in Uber Technologies suggests that some traders are interested regarding Uber Technologies' prospects. The current market sentiment, together with Uber Technologies' historical and current headlines, can help investors time the market. In addition, many technical investors use Uber Technologies stock news signals to limit their universe of possible portfolio assets.
Uber Technologies stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Uber daily returns and investor perception about the current price of Uber Technologies as well as its diversification or hedging effects on your existing portfolios.
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Is Uber Technologies Inc a Good Buy in the Software - Application Industry InvestorsObserver
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Uber Technologies Fundamental Analysis
We analyze Uber Technologies' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Uber Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Uber Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
Uber Technologies is rated below average in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Uber Technologies Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Uber Technologies stock to make a market-neutral strategy. Peer analysis of Uber Technologies could also be used in its relative valuation, which is a method of valuing Uber Technologies by comparing valuation metrics with similar companies.
Peers
Uber Technologies Related Equities
| UT8 | Uber Technologies | 1.64 | ||||
| 307 | Shopify | 0.29 | ||||
| 3QD | Datadog | 0.08 | ||||
| 4S0 | ServiceNow | 0.63 | ||||
| FOO | Salesforce | 0.88 | ||||
| W7D | Workday | 2.87 |
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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