United Rentals 525 Market Value
| 911365BL7 | 95.21 0.55 0.57% |
| Symbol | United |
United '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's bond 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.
| 10/27/2023 |
| 04/24/2024 |
If you would invest 0.00 in United on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding United Rentals 525 or generate 0.0% return on investment in United over 180 days. United is related to or competes with 3M, Merck, Disney, American Express, Caterpillar, Procter Gamble, and Pfizer. More
United 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's bond 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 525 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 18.34 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 2.44 |
United Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United's standard deviation. In reality, there are many statistical measures that can use United historical prices to predict the future United's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United's 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 525 Backtested Returns
United Rentals 525 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0526, which indicates the bond had a -0.0526% return per unit of risk over the last 3 months. United Rentals 525 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United's Coefficient Of Variation of (2,745), variance of 4.06, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, United's returns are expected to increase less than the market. However, during the bear market, the loss of holding United is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
United Rentals 525 has good reverse predictability. Overlapping area represents the amount of predictability between United time series from 27th of October 2023 to 25th of January 2024 and 25th of January 2024 to 24th 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 525 price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current United price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.32 |
United Rentals 525 lagged returns against current returns
Autocorrelation, which is United bond'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's bond expected returns. We can calculate the autocorrelation of United returns to help us make a trade decision. For example, suppose you find that United has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United bond over time.
Current vs Lagged Prices |
| Timeline |
United Lagged Returns
When evaluating United's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United bond have on its future price. United 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 autocorrelation shows the relationship between United bond current value and its past values and can show if there is a momentum factor associated with investing in United Rentals 525.
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.Check out United Correlation, United Volatility and United Alpha and Beta module to complement your research on United. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
United technical bond 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, bond market cycles, or different charting patterns.