Waste Current Deferred Revenue from 2010 to 2024
| WCN Stock | CAD 262.21 0.24 0.09% |
Current Deferred Revenue | First Reported 2001-03-31 | Previous Quarter 375.6 M | Current Value 377.5 M | Quarterly Volatility 105.5 M |
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 Depreciation And Amortization of 1.1 B, Interest Expense of 288.4 M or Selling General Administrative of 829.5 M, as well as many indicators such as Price To Sales Ratio of 2.89, Dividend Yield of 0.0055 or PTB Ratio of 2.64. Waste financial statements analysis is a perfect complement when working with Waste Connections Valuation or Volatility modules.
Waste | Current Deferred Revenue |
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 against Waste Stock
| 0.91 | CMC | Cielo Waste Solutions Earnings Call This Week | PairCorr |
| 0.55 | AEMC | Alaska Energy Metals | PairCorr |
| 0.35 | PNTI-P | Pentagon I Capital | 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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.