UNITED RENTALS (Germany) Market Value
| UR3 Stock | EUR 798.60 24.60 3.18% |
| Symbol | UNITED |
UNITED RENTALS 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to UNITED RENTALS's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of UNITED RENTALS.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in UNITED RENTALS on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding UNITED RENTALS or generate 0.0% return on investment in UNITED RENTALS over 720 days. UNITED RENTALS is related to or competes with CONAGRA FOODS, ON SEMICONDUCTOR, J+J SNACK, PT Indofood, SENECA FOODS-A, Austevoll Seafood, and NXP Semiconductors. More
UNITED RENTALS Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure UNITED RENTALS's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess UNITED RENTALS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.1122 | |||
| Maximum Drawdown | 11.44 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 3.18 |
UNITED RENTALS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNITED RENTALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNITED RENTALS's standard deviation. In reality, there are many statistical measures that can use UNITED RENTALS historical prices to predict the future UNITED RENTALS's volatility.| Risk Adjusted Performance | 0.1427 | |||
| Jensen Alpha | 0.2822 | |||
| Total Risk Alpha | 0.0309 | |||
| Sortino Ratio | 0.1536 | |||
| Treynor Ratio | 0.6783 |
UNITED RENTALS Backtested Returns
UNITED RENTALS appears to be very steady, given 3 months investment horizon. UNITED RENTALS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for UNITED RENTALS, which you can use to evaluate the volatility of the company. Please review UNITED RENTALS's risk adjusted performance of 0.1427, and Coefficient Of Variation of 561.47 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, UNITED RENTALS holds a performance score of 12. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, UNITED RENTALS's returns are expected to increase less than the market. However, during the bear market, the loss of holding UNITED RENTALS is expected to be smaller as well. Please check UNITED RENTALS's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether UNITED RENTALS's existing price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
UNITED RENTALS has average predictability. Overlapping area represents the amount of predictability between UNITED RENTALS time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of UNITED RENTALS price movement. The serial correlation of 0.49 indicates that about 49.0% of current UNITED RENTALS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 6834.61 |
UNITED RENTALS lagged returns against current returns
Autocorrelation, which is UNITED RENTALS stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting UNITED RENTALS's stock expected returns. We can calculate the autocorrelation of UNITED RENTALS returns to help us make a trade decision. For example, suppose you find that UNITED RENTALS has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
UNITED RENTALS regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If UNITED RENTALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNITED RENTALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNITED RENTALS stock over time.
Current vs Lagged Prices |
| Timeline |
UNITED RENTALS Lagged Returns
When evaluating UNITED RENTALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNITED RENTALS stock have on its future price. UNITED RENTALS autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, UNITED RENTALS autocorrelation shows the relationship between UNITED RENTALS stock current value and its past values and can show if there is a momentum factor associated with investing in UNITED RENTALS.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in UNITED Stock
When determining whether UNITED RENTALS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of UNITED RENTALS's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of United Rentals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on United Rentals Stock:Check out UNITED RENTALS Correlation, UNITED RENTALS Volatility and UNITED RENTALS Alpha and Beta module to complement your research on UNITED RENTALS. For information on how to trade UNITED Stock refer to our How to Trade UNITED Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
UNITED RENTALS technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.