United Rentals Stock Market Value
| URI Stock | USD 862.43 17.89 2.03% |
| Symbol | United |
United Rentals Price To Book Ratio
Is Trading Companies & Distributors space 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 0.04 | Dividend Share 6.37 | Earnings Share 37.43 | Revenue Per Share 224.056 | Quarterly Revenue Growth 0.06 |
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.
| 09/09/2024 |
| 11/08/2024 |
If you would invest 0.00 in United Rentals on September 9, 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 60 days. United Rentals is related to or competes with Alta Equipment, McGrath RentCorp, HE Equipment, GATX, PROG Holdings, and Ryder System. 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 | 1.49 | |||
| Information Ratio | 0.116 | |||
| Maximum Drawdown | 9.5 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 3.9 |
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 | 0.1669 | |||
| Jensen Alpha | 0.0506 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.162 | |||
| Treynor Ratio | 0.2001 |
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 0.19, which indicates the firm had a 0.19% 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 0.1669, coefficient of variation of 486.7, and Semi Deviation of 1.13 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 14. The entity has a beta of 2.08, 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 | 0.03 |
Virtually no predictability
United Rentals has virtually no predictability. Overlapping area represents the amount of predictability between United Rentals time series from 9th of September 2024 to 9th of October 2024 and 9th of October 2024 to 8th 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 0.03 indicates that only 3.0% of current United Rentals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 489.16 |
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
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing 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.