United Stock Market Value

URI
 Stock
  

USD 270.15  6.87  2.48%   

United Rentals' market value is the price at which a share of United Rentals stock trades on a public exchange. It measures the collective expectations of United Rentals investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of United Rentals and determine expected loss or profit from investing in United Rentals over a given investment horizon. Also, please take a look at United Rentals Correlation, United Rentals Volatility and United Rentals Alpha and Beta module to complement your research on United Rentals.
Symbol


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.
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 United Rentals value 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.
0.00
08/31/2022
No Change 0.00  0.0 
In 30 days
09/30/2022
0.00
If you would invest  0.00  in United Rentals on August 31, 2022 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 Amazon. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of United Rentals in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
267.63270.07272.51
Details
Intrinsic
Valuation
LowReal ValueHigh
243.14314.28316.72
Details
Naive
Forecast
LowNext ValueHigh
248.79251.22253.66
Details
14 Analysts
Consensus
LowTarget PriceHigh
265.00386.09500.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as United Rentals. Your research has to be compared to or analyzed against United Rentals' peers to derive any actionable benefits. When done correctly, United Rentals' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in United Rentals.

United Rentals Backtested Returns

We consider United Rentals very steady. United Rentals owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0763, which indicates the firm had 0.0763% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for United Rentals, which you can use to evaluate the future volatility of the company. Please validate United Rentals Semi Deviation of 2.19, risk adjusted performance of 0.0791, and Coefficient Of Variation of 1523.03 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%.
United Rentals has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 1.6542, which indicates a somewhat significant risk relative to the market. Let's try to break down what United's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, United Rentals will likely underperform. Although it is important to respect United Rentals current price movements, it is better to be realistic regarding the information on the equity's historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting United Rentals technical indicators, you can presently evaluate if the expected return of 0.19% will be sustainable into the future. United Rentals right now has a risk of 2.46%. Please validate United Rentals semi variance, and the relationship between the treynor ratio and daily balance of power to decide if United Rentals will be following its existing price patterns.

Auto-correlation

    
  -0.68  

Very good reverse predictability

United Rentals has very good reverse predictability. Overlapping area represents the amount of predictability between United Rentals time series from 31st of August 2022 to 15th of September 2022 and 15th of September 2022 to 30th of September 2022. 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 -0.68 indicates that around 68.0% of current United Rentals price fluctuation can be explain by its past prices.
Correlation Coefficient-0.68
Spearman Rank Test-0.06
Residual Average0.0
Price Variance131.52

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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       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   
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       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   
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       Timeline  

United Rentals Implied Volatility

    
  48.45  
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.

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.
Also, please take a look at United Rentals Correlation, United Rentals Volatility and United Rentals Alpha and Beta module to complement your research on United Rentals. You can also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for 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 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.
A focus of United Rentals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of United Rentals trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...