United Rentals Correlations

URI Stock

USD 824.77 0.00 0.00%

The current 90-days correlation between United Rentals and L3Harris Technologies is 0.2 (i.e., Modest diversification). The correlation of United Rentals 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

United Rentals Correlation With Market

Very weak diversification

The correlation between United Rentals and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Rentals and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with United Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Rentals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more detail on how to invest in United Stock please use our How to Invest in United Rentals guide.

Moving together with United Stock

0.62	DNOW	Now Inc	Pair Corr
0.71	DXPE	DXP Enterprises	Pair Corr
0.7	FAST	Fastenal	Pair Corr
0.94	WSO-B	Watsco Inc	Pair Corr
0.85	BXC	BlueLinx Holdings	Pair Corr
0.78	CAI	Caris Life Sciences,	Pair Corr
0.8	EVI	EVI Industries	Pair Corr
0.85	GIC	Global Industrial	Pair Corr
0.83	IGC	India Globalization	Pair Corr
0.69	IPW	iPower Inc	Pair Corr
0.8	WSO	Watsco Inc	Pair Corr
0.64	HNG	Hancock Gore	Pair Corr

Moving against United Stock

0.92	MSI	Multistack International	Pair Corr
0.84	0HIT	Iberdrola	Pair Corr
0.84	AER	AerCap Holdings NV	Pair Corr
0.81	000632	Fujian Sanmu Group	Pair Corr
0.74	VSTS	Vestis	Pair Corr
0.71	AL	Air Lease	Pair Corr
0.43	EHL	Emeco Holdings	Pair Corr
0.32	FPR	Fleetpartners Group	Pair Corr
0.91	WJX	Wajax	Pair Corr
0.87	WCC	WESCO International	Pair Corr
0.76	FTT	Finning International	Pair Corr
0.68	XMTR	Xometry	Pair Corr
0.68	AA4	Amedeo Air Four	Pair Corr
0.64	600826	DLG Exhibitions Events	Pair Corr
0.61	HRI	Herc Holdings	Pair Corr
0.55	000652	Tianjin Economic tec	Pair Corr

Related Correlations Analysis

	LHX	CMI	PCAR	FDX	CNI	FERG	NSC	AXON	ROP	GWW
LHX		-0.4	-0.32	-0.36	0.08	-0.32	0.2	0.56	0.5	0.06	LHX
CMI	-0.4		0.86	0.95	0.56	0.03	0.25	-0.83	-0.76	0.5	CMI
PCAR	-0.32	0.86		0.85	0.65	-0.19	0.4	-0.54	-0.55	0.78	PCAR
FDX	-0.36	0.95	0.85		0.59	0.01	0.13	-0.79	-0.8	0.55	FDX
CNI	0.08	0.56	0.65	0.59		-0.06	0.38	-0.3	-0.23	0.68	CNI
FERG	-0.32	0.03	-0.19	0.01	-0.06		-0.57	-0.15	-0.37	-0.41	FERG
NSC	0.2	0.25	0.4	0.13	0.38	-0.57		-0.04	0.33	0.4	NSC
AXON	0.56	-0.83	-0.54	-0.79	-0.3	-0.15	-0.04		0.72	-0.08	AXON
ROP	0.5	-0.76	-0.55	-0.8	-0.23	-0.37	0.33	0.72		-0.18	ROP
GWW	0.06	0.5	0.78	0.55	0.68	-0.41	0.4	-0.08	-0.18		GWW
	LHX	CMI	PCAR	FDX	CNI	FERG	NSC	AXON	ROP	GWW

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FDX	+ 0.95	CMI
PCAR	+ 0.86	CMI
FDX	+ 0.85	PCAR
GWW	+ 0.78	PCAR
ROP	+ 0.72	AXON
GWW	+ 0.68	CNI

High negative correlations

AXON	- 0.83	CMI
ROP	- 0.8	FDX
AXON	- 0.79	FDX
ROP	- 0.76	CMI
NSC	- 0.57	FERG
ROP	- 0.55	PCAR

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Rentals Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze United Rentals' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LHX	1.31	0.00	0.00	0.07	1.54	(1.43)	2.66	(2.30)	7.10
CMI	1.45	0.25	0.15	0.32	1.43	(1.59)	2.77	(2.55)	9.83
PCAR	1.29	0.14	0.14	0.19	0.94	(1.75)	3.94	(1.89)	7.60
FDX	1.05	0.28	0.20	0.31	1.08	(1.17)	2.57	(1.41)	6.81
CNI	0.88	0.06	0.04	0.14	0.92	(1.02)	2.01	(1.65)	5.04
FERG	1.25	(0.05)	0.00	(0.09)	0.00	0.00	2.31	(2.93)	11.08
NSC	0.66	(0.04)	(0.07)	0.01	0.88	(0.64)	1.25	(1.27)	4.00
AXON	1.99	(0.49)	0.00	(0.24)	0.00	0.00	2.84	(8.19)	12.93
ROP	0.90	(0.20)	0.00	(0.37)	0.00	0.00	1.71	(2.17)	7.54
GWW	0.90	0.02	0.01	0.09	0.93	(1.05)	2.59	(1.69)	5.25

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC