Two Reasons to Watch Netflix and One to Stay Cautious
| URI Stock | USD 665.40 24.80 3.87% |
Under 55% of United Rentals' traders are presently thinking to get in. The analysis of overall sentiment of trading United Rentals stock suggests that some investors are interested at this time. United Rentals' investing sentiment shows overall attitude of investors towards United Rentals.
Since November 2019, the SP 500 has delivered a total return of 92.7. But one standout stock has more than doubled the market - over the past five years, Netflix has surged 191 percent to 822.90 per share. The party hasnt stopped as its also gained 33.5 percent in the last six months, beating the market by 19.1. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
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United Rentals Fundamental Analysis
We analyze United Rentals' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of United Rentals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of United Rentals 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.
Beta
Beta Comparative Analysis
United Rentals is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
United Rentals 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 United Rentals stock to make a market-neutral strategy. Peer analysis of United Rentals could also be used in its relative valuation, which is a method of valuing United Rentals by comparing valuation metrics with similar companies.
Peers
United Rentals Related Equities
| ALTG | Alta Equipment | 6.03 | ||||
| CTOS | Custom Truck | 4.86 | ||||
| UHAL-B | U-Haul Holding | 4.35 | ||||
| HRI | Herc Holdings | 4.21 | ||||
| R | Ryder System | 4.18 | ||||
| GATX | GATX | 2.84 | ||||
| AL | Air Lease | 2.60 | ||||
| MGRC | McGrath RentCorp | 2.10 | ||||
| HEES | HE Equipment | 0.70 | ||||
| HTZWW | Hertz Global | 2.16 | ||||
| HTZ | Hertz Global | 2.48 |
Complementary Tools for United Stock analysis
When running United Rentals' price analysis, check to measure United Rentals' 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 United Rentals is operating at the current time. Most of United Rentals' value examination focuses on studying past and present price action to predict the probability of United Rentals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Rentals' price. Additionally, you may evaluate how the addition of United Rentals to your portfolios can decrease your overall portfolio volatility.
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