Waste Financial Statements From 2010 to 2025
| WCN Stock | CAD 268.09 0.19 0.07% |
Check Waste Connections financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Waste Connections' main balance sheet or income statement drivers, such as , as well as many indicators such as . Waste financial statements analysis is a perfect complement when working with Waste Connections Valuation or Volatility modules.
Waste |
Waste Connections Company Shares Outstanding Analysis
Waste Connections' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Waste Connections Shares Outstanding | 258.08 M |
Most of Waste Connections' fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Waste Connections is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Waste Connections has 258.08 M of shares currently outstending. This is 77.08% higher than that of the Commercial Services & Supplies sector and 118.33% higher than that of the Industrials industry. The shares outstanding for all Canada stocks is 54.87% higher than that of the company.
Waste Connections Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Waste Connections's current stock value. Our valuation model uses many indicators to compare Waste Connections value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Waste Connections competition to find correlations between indicators driving Waste Connections's intrinsic value. More Info.Waste Connections is rated below average in return on equity category among its peers. It is rated second in return on asset category among its peers reporting about 0.51 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Waste Connections is roughly 1.95 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Waste Connections by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Waste Connections' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Waste Connections Financial Statements
Waste Connections investors utilize fundamental indicators, such as revenue or net income, to predict how Waste Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Waste Connections, Inc. provides waste collection, transfer, disposal, and recycling services in the United States and Canada. Waste Connections, Inc. was founded in 1997 and is based in Vaughan, Canada. WASTE CONNECTIONS operates under Waste And Water Management classification in Canada and is traded on Toronto Stock Exchange. It employs 18204 people.
Pair Trading with Waste Connections
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 Waste Connections 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 Waste Connections will appreciate offsetting losses from the drop in the long position's value.Moving together with Waste Stock
Moving against Waste Stock
| 0.54 | PEY | Peyto ExplorationDevel | PairCorr |
| 0.45 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.31 | AAPL | Apple Inc CDR | PairCorr |
The ability to find closely correlated positions to Waste Connections could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waste Connections 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 Waste Connections - 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 Waste Connections to buy it.
The correlation of Waste Connections 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 Waste Connections moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Connections 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 Waste Connections 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.Check out the analysis of Waste Connections Correlation against competitors. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.