United Rentals (Germany) Market Value
| UR3 Stock | EUR 816.40 17.80 2.23% |
| 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' 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.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in United Rentals on August 28, 2024 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 90 days. United Rentals is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. United Rentals, Inc., through its subsidiaries, operates as an equipment rental company 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' 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 | 1.79 | |||
| Information Ratio | 0.0903 | |||
| Maximum Drawdown | 17.97 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 3.73 |
United Rentals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Rentals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Rentals' standard deviation. In reality, there are many statistical measures that can use United Rentals historical prices to predict the future United Rentals' volatility.| Risk Adjusted Performance | 0.1147 | |||
| Jensen Alpha | 0.1466 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1317 | |||
| Treynor Ratio | 0.2049 |
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 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for United Rentals, which you can use to evaluate the volatility of the company. Please review United Rentals' Semi Deviation of 1.5, coefficient of variation of 712.79, and Risk Adjusted Performance of 0.1147 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 11. The entity has a beta of 1.74, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, United Rentals will likely underperform. Please check United Rentals' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether United Rentals' existing price patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
United Rentals has modest predictability. Overlapping area represents the amount of predictability between United Rentals time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 0.59 indicates that roughly 59.0% of current United Rentals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 913.52 |
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' 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' 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 |
Currently Active Assets on Macroaxis
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' 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 more detail on how to invest in United Stock please use our How to Invest in United Rentals guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.