United Rentals Stock Market Value
| URI Stock | USD 666.74 8.07 1.20% |
| Symbol | United |
United Rentals Price To Book Ratio
Is United Rentals' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of United Rentals. If investors know United will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about United Rentals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.098 | Dividend Share 5.92 | Earnings Share 35.27 | Revenue Per Share 209.318 | Quarterly Revenue Growth 0.131 |
The market value of United Rentals is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Rentals' value that differs from its market value or its book value, called intrinsic value, which is United Rentals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because United Rentals' market value can be influenced by many factors that don't directly affect United Rentals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between United Rentals' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Rentals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Rentals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in United Rentals on March 17, 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 Ryder System, Avis Budget, FlexShopper, and Global Ship. 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 | 1.85 | |||
| Information Ratio | 0.1129 | |||
| Maximum Drawdown | 17.58 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.69 |
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 | 0.0952 | |||
| Jensen Alpha | 0.1992 | |||
| Total Risk Alpha | 0.119 | |||
| Sortino Ratio | 0.1401 | |||
| Treynor Ratio | 0.146 |
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 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' Risk Adjusted Performance of 0.0952, coefficient of variation of 712.83, and Semi Deviation of 1.63 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 2.14, 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' semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether United Rentals' existing price patterns will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
United Rentals has modest reverse predictability. Overlapping area represents the amount of predictability between United Rentals time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th of April 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 -0.47 indicates that about 47.0% of current United Rentals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 123.25 |
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 |
United Rentals Investors Sentiment
The influence of United Rentals' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in United. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to United Rentals' public news can be used to forecast risks associated with an investment in United. The trend in average sentiment can be used to explain how an investor holding United can time the market purely based on public headlines and social activities around United Rentals. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
United Rentals' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for United Rentals' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average United Rentals' news discussions. The higher the estimated score, the more favorable is the investor's outlook on United Rentals.
United Rentals Implied Volatility | 57.11 |
United Rentals' implied volatility exposes the market's sentiment of United Rentals stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if United Rentals' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that United Rentals stock will not fluctuate a lot when United Rentals' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards United Rentals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, United Rentals' short interest history, or implied volatility extrapolated from United Rentals options trading.
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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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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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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.