Uber Technologies, Inc. (UBER) — Stock Correlations & Overview
Over the past year, UBER has moved most closely with UBRL, ACKY, PNQI. Explore the stocks most correlated and inversely correlated with UBER below, along with its price, financials, and company profile.
Stocks correlated with UBER
Correlation of daily returns. Higher positive values move with UBER; negative values move opposite it. Informational only, not investment advice.
Most correlated with UBER
| Symbol | Company | Correlation |
|---|---|---|
| UBRL | GraniteShares 2x Long UBER Daily ETF | 0.99 |
| ACKY | VistaShares Target 15 ACKtivist Distribution ETF | 0.59 |
| PNQI | Invesco NASDAQ Internet ETF | 0.57 |
| FLYU | MicroSectors Travel 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.55 |
| MILN | Global X Funds Global X Millennial Consumer ETF | 0.54 |
Most inversely correlated with UBER
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.55 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.42 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.38 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.38 |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.34 |
Frequently asked questions about UBER correlations
- Which stocks are most correlated with UBER?
- Based on one year of daily returns, the stocks most correlated with Uber Technologies, Inc. (UBER) are UBRL (0.99), ACKY (0.59) and PNQI (0.57). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with UBER?
- Over the past year, the stocks most inversely correlated with Uber Technologies, Inc. (UBER) are FLYD (-0.55), WEBS (-0.42) and SARK (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these UBER correlations calculated?
- We compute the correlation of daily returns between UBER and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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