United Rentals (Germany) Market Value
| UR3 Stock | EUR 580.60 34.20 5.56% |
| 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.
| 05/06/2024 |
| 06/05/2024 |
If you would invest 0.00 in United Rentals on May 6, 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 30 days. United Rentals is related to or competes with WillScot Mobile, Avis Budget, NMI Holdings, SIVERS SEMICONDUCTORS, Norsk Hydro, and Coca Cola. 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.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.43 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 3.02 |
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 | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United Rentals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
United Rentals Backtested Returns
United Rentals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0297, which indicates the firm had a -0.0297% return per unit of risk over the last 3 months. United Rentals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Rentals' Risk Adjusted Performance of (0.02), coefficient of variation of (2,302), and Variance of 5.06 to confirm the risk estimate we provide. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, United Rentals' 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. At this point, United Rentals has a negative expected return of -0.0653%. Please make sure to validate United Rentals' treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if United Rentals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
United Rentals has good reverse predictability. Overlapping area represents the amount of predictability between United Rentals time series from 6th of May 2024 to 21st of May 2024 and 21st of May 2024 to 5th of June 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 -0.56 indicates that roughly 56.0% of current United Rentals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 288.25 |
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 Stocks Directory module to find actively traded stocks across global markets.
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.