United Rentals Correlations
| UR3 Stock | EUR 580.40 3.40 0.59% |
The current 90-days correlation between United Rentals and BURLINGTON STORES is 0.06 (i.e., Significant diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
United Rentals Correlation With Market
Weak diversification
The correlation between United Rentals and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Rentals and DJI in the same portfolio, assuming nothing else is changed.
United |
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.
Moving together with United Stock
| 0.93 | 0LC | Ashtead Group plc | PairCorr |
| 0.78 | AUK | AMERCO | PairCorr |
| 0.79 | WS11 | WillScot Mobile Mini | PairCorr |
| 0.82 | CUCA | Avis Budget Group | PairCorr |
| 0.76 | LYV | Lundin Energy AB | PairCorr |
| 0.93 | SWTF | Intouch Holdings Public | PairCorr |
| 0.68 | HHX | HAMMONIA Schiffsholding | PairCorr |
Moving against United Stock
| 0.65 | 3AL | ALD SA | PairCorr |
| 0.62 | B5R | Berkeley Energia | PairCorr |
| 0.46 | SIX2 | Sixt SE Earnings Call This Week | PairCorr |
| 0.35 | D7GA | NEL ASA ADR30 | PairCorr |
| 0.86 | TKA | thyssenkrupp AG | PairCorr |
| 0.81 | 5TP | BLUE LABEL | PairCorr |
| 0.8 | BSN | Danone SA | PairCorr |
| 0.75 | JYS1 | JYSKE BANK | PairCorr |
| 0.73 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.73 | T62 | TOHO ZINC LTD | PairCorr |
| 0.4 | KEI | KEISEI EL RAILWAY Split | PairCorr |
| 0.38 | TLLB | Trelleborg AB | PairCorr |
| 0.38 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.33 | ROM | Rohm Co | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between United Stock performing well and United Rentals Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze United Rentals' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EM7A | 1.43 | 0.06 | 0.01 | (0.79) | 3.17 | 4.00 | 30.95 | |||
| BUI | 1.80 | (0.32) | 0.00 | (1.29) | 0.00 | 2.92 | 16.74 | |||
| 10H | 1.54 | 0.40 | 0.23 | 0.47 | 1.51 | 2.96 | 12.88 | |||
| IC1B | 1.29 | (0.23) | 0.00 | (0.79) | 0.00 | 2.36 | 7.23 | |||
| RH6B | 2.01 | (0.49) | 0.00 | 1.00 | 0.00 | 5.00 | 14.84 | |||
| CKS2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JUU | 2.34 | (0.64) | 0.00 | 0.78 | 0.00 | 5.83 | 16.67 | |||
| DHG | 1.57 | 0.39 | 0.26 | 0.40 | 1.16 | 4.25 | 18.43 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in United Rentals without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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United Rentals Corporate Management
Elected by the shareholders, the United Rentals' board of directors comprises two types of representatives: United Rentals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of United. The board's role is to monitor United Rentals' management team and ensure that shareholders' interests are well served. United Rentals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, United Rentals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andrew Limoges | Controller VP | Profile | |
| Daniel Higgins | VP Officer | Profile | |
| William Grace | VP CFO | Profile | |
| Michael Durand | VP Operations | Profile | |
| Matthew Flannery | CEO Pres | Profile | |
| Dale Asplund | Ex COO | Profile | |
| Joli Gross | Gen VP | Profile |