United Rentals Inc (URI)
United Rentals, Inc. (NYSE: URI) is the world's largest equipment rental company, with about 13 percent of the North American market share as of 2019.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 51.32% per annum.
- URI price at the close of March 31, 2025 was $626.70 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 245.43% per annum.
- URI price at the close of March 31, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of URI price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: October 11, 2024
End date: March 31, 2025
a = 10.0403
b = -0.0020
s = 0.0585
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0020) – 1
= -51.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0585) – 1
= 26.37%
October 11, 2024 calculations
Top border of price channel:
Exp(Y1,140)
= Exp(a + b × X1,140 + 2 × s)
= Exp(a + b × 1,654 + 2 × s)
= Exp(10.0403 + -0.0020 × 1,654 + 2 × 0.0585)
= Exp(6.8952)
= $987.56
Bottom border of price channel:
Exp(Y1,140)
= Exp(a + b × X1,140 – 2 × s)
= Exp(a + b × 1,654 – 2 × s)
= Exp(10.0403 + -0.0020 × 1,654 – 2 × 0.0585)
= Exp(6.6612)
= $781.49
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(10.0403 + -0.0020 × 1,825 + 2 × 0.0585)
= Exp(6.5580)
= $704.85
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(10.0403 + -0.0020 × 1,825 – 2 × 0.0585)
= Exp(6.3239)
= $557.77
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 51.32% per annum.
- URI price at the close of March 31, 2025 was $626.70 and was inside the primary price channel.
Secondary Trend
Start date: March 10, 2025
End date: March 31, 2025
a = 0.2760
b = 0.0034
s = 0.0183
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0034) – 1
= 245.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0183) – 1
= 7.58%
March 10, 2025 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,804 + 2 × s)
= Exp(0.2760 + 0.0034 × 1,804 + 2 × 0.0183)
= Exp(6.4393)
= $625.96
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,804 – 2 × s)
= Exp(0.2760 + 0.0034 × 1,804 – 2 × 0.0183)
= Exp(6.3662)
= $581.84
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(0.2760 + 0.0034 × 1,825 + 2 × 0.0183)
= Exp(6.5106)
= $672.23
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(0.2760 + 0.0034 × 1,825 – 2 × 0.0183)
= Exp(6.4375)
= $624.86
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 245.43% per annum.
- URI price at the close of March 31, 2025 was inside the secondary price channel.