UNITED RENTALS (Germany) Statistic Functions Beta

UR3 Stock  EUR 807.20  1.00  0.12%   
UNITED RENTALS statistic functions tool provides the execution environment for running the Beta function and other technical functions against UNITED RENTALS. UNITED RENTALS value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. UNITED RENTALS statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on UNITED RENTALS correlated with the market. If Beta is less than 0 UNITED RENTALS generally moves in the opposite direction as compared to the market. If UNITED RENTALS Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one UNITED RENTALS is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of UNITED RENTALS is generally in the same direction as the market. If Beta > 1 UNITED RENTALS moves generally in the same direction as, but more than the movement of the benchmark.

UNITED RENTALS Technical Analysis Modules

Most technical analysis of UNITED RENTALS help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for UNITED from various momentum indicators to cycle indicators. When you analyze UNITED charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About UNITED RENTALS Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of UNITED RENTALS. We use our internally-developed statistical techniques to arrive at the intrinsic value of UNITED RENTALS based on widely used predictive technical indicators. In general, we focus on analyzing UNITED Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build UNITED RENTALS's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of UNITED RENTALS's intrinsic value. In addition to deriving basic predictive indicators for UNITED RENTALS, we also check how macroeconomic factors affect UNITED RENTALS price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
805.21807.20809.19
Details
Intrinsic
Valuation
LowRealHigh
726.48936.35938.34
Details
Naive
Forecast
LowNextHigh
808.09810.07812.06
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
719.80777.74835.68
Details

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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

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UNITED RENTALS pair trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if UNITED RENTALS position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in UNITED RENTALS will appreciate offsetting losses from the drop in the long position's value.

UNITED RENTALS Pair Trading

UNITED RENTALS Pair Trading Analysis

The ability to find closely correlated positions to UNITED RENTALS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UNITED RENTALS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UNITED RENTALS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UNITED RENTALS to buy it.
The correlation of UNITED RENTALS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as UNITED RENTALS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UNITED RENTALS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for UNITED RENTALS can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

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's 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 World Market Map to better understand how to build diversified portfolios, which includes a position in UNITED RENTALS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade UNITED Stock refer to our How to Trade UNITED Stock guide.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Please note, there is a significant difference between UNITED RENTALS's 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's 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.