Waste Depreciation vs Stock Based Compensation Analysis
WCN Stock | USD 179.95 4.29 2.33% |
Waste Connections financial indicator trend analysis is more than just analyzing Waste Connections current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Waste Connections is a good investment. Please check the relationship between Waste Connections Depreciation and its Stock Based Compensation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.
Depreciation vs Stock Based Compensation
Depreciation vs Stock Based Compensation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Waste Connections Depreciation account and Stock Based Compensation. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Waste Connections' Depreciation and Stock Based Compensation is 0.98. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of Waste Connections, assuming nothing else is changed. The correlation between historical values of Waste Connections' Depreciation and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Waste Connections are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Depreciation i.e., Waste Connections' Depreciation and Stock Based Compensation go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Depreciation
Depreciation indicates how much of Waste Connections value has been used up. For tax purposes Waste Connections can deduct the cost of the tangible assets it purchases as business expenses. However, Waste Connections must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most indicators from Waste Connections' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Waste Connections current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.At this time, Waste Connections' Selling General Administrative is very stable compared to the past year. As of the 14th of December 2024, Issuance Of Capital Stock is likely to grow to about 1.2 M, while Tax Provision is likely to drop about 126.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 6.2B | 7.2B | 8.0B | 8.4B | Depreciation And Amortization | 805.9M | 882.5M | 1.0B | 1.1B |
Waste Connections fundamental ratios Correlations
Click cells to compare fundamentals
Waste Connections Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Waste Connections fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.7B | 14.0B | 14.7B | 17.1B | 17.9B | 18.8B | |
Short Long Term Debt Total | 4.5B | 4.9B | 5.2B | 7.1B | 7.0B | 7.4B | |
Other Current Liab | 323.4M | 458.9M | 513.3M | 495.8M | 952.8M | 1.0B | |
Total Current Liabilities | 1.0B | 1.0B | 1.2B | 1.5B | 1.7B | 1.8B | |
Total Stockholder Equity | 6.9B | 6.9B | 7.0B | 7.1B | 7.7B | 8.1B | |
Property Plant And Equipment Net | 5.7B | 5.5B | 5.9B | 7.1B | 7.5B | 7.9B | |
Net Debt | 4.2B | 4.3B | 5.1B | 7.0B | 6.9B | 7.3B | |
Retained Earnings | 2.7B | 2.7B | 3.1B | 3.6B | 4.1B | 4.3B | |
Accounts Payable | 437.0M | 290.8M | 392.9M | 638.7M | 642.5M | 674.6M | |
Cash | 326.7M | 617.3M | 147.4M | 78.6M | 78.4M | 105.8M | |
Non Current Assets Total | 12.6B | 12.6B | 13.7B | 16.0B | 16.8B | 17.6B | |
Non Currrent Assets Other | 233.6M | 246.9M | 246.4M | (887.2M) | 269.1M | 282.5M | |
Cash And Short Term Investments | 326.7M | 617.3M | 147.4M | 78.6M | 78.4M | 105.8M | |
Net Receivables | 662.8M | 630.3M | 709.6M | 833.9M | 857.0M | 899.8M | |
Common Stock Shares Outstanding | 264.5M | 263.7M | 261.7M | 258.0M | 258.1M | 200.6M | |
Liabilities And Stockholders Equity | 13.7B | 14.0B | 14.7B | 17.1B | 17.9B | 18.8B | |
Non Current Liabilities Total | 5.8B | 6.1B | 6.5B | 8.5B | 8.5B | 9.0B | |
Other Current Assets | 141.1M | 178.3M | 131.5M | 144.2M | 142.8M | 150.0M | |
Other Stockholder Equity | 154.9M | 170.6M | 199.5M | 244.1M | 284.3M | 394.1M | |
Total Liab | 6.8B | 7.1B | 7.7B | 10.0B | 10.2B | 10.7B | |
Total Current Assets | 1.1B | 1.4B | 1.0B | 1.1B | 1.1B | 1.2B | |
Intangible Assets | 1.2B | 1.2B | 1.4B | 1.7B | 1.6B | 1.7B | |
Short Term Debt | 30.4M | 38.9M | 44.0M | 41.9M | 59.0M | 61.9M | |
Accumulated Other Comprehensive Income | (11.0M) | (651K) | 39.6M | (56.8M) | (9.8M) | (9.3M) | |
Common Stock | 4.1B | 4.0B | 3.7B | 3.3B | 3.3B | 3.4B | |
Other Liab | 1.2B | 1.2B | 1.3B | 1.5B | 1.7B | 1.8B | |
Other Assets | 233.6M | 417.9M | 246.4M | 297.3M | 1.0 | 0.95 | |
Long Term Debt | 4.4B | 4.7B | 5.0B | 6.9B | 6.7B | 7.1B | |
Good Will | 5.5B | 5.7B | 6.2B | 6.9B | 7.4B | 7.8B | |
Property Plant Equipment | 5.5B | 5.3B | 5.7B | 7.0B | 8.0B | 8.4B | |
Current Deferred Revenue | 216.4M | 233.6M | 273.7M | 325.0M | 18.1M | 17.2M | |
Common Stock Total Equity | 4.1B | 4.0B | 3.7B | 3.3B | 3.8B | 4.0B | |
Property Plant And Equipment Gross | 5.7B | 5.3B | 5.9B | 7.1B | 13.3B | 14.0B | |
Net Tangible Assets | 259.6M | (22.5M) | (549.3M) | (1.5B) | (1.3B) | (1.3B) | |
Deferred Long Term Liab | 818.6M | 760.0M | 850.9M | 1.0B | 1.2B | 632.2M | |
Short Long Term Debt | 16.4M | 8.3M | 6.0M | 6.8M | 26.5M | 25.1M | |
Long Term Debt Total | 4.4B | 4.7B | 5.0B | 6.9B | 7.9B | 4.7B | |
Capital Surpluse | 154.9M | 170.6M | 199.5M | 244.1M | 280.7M | 155.0M |
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
0.75 | FC | Franklin Covey | PairCorr |
0.65 | BCO | Brinks Company | PairCorr |
0.6 | ESGL | ESGL Holdings Limited | PairCorr |
0.57 | VCIG | VCI Global Limited Buyout Trend | PairCorr |
0.52 | MG | Mistras Group | 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Waste Connections. If investors know Waste will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Waste Connections listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.339 | Dividend Share 1.14 | Earnings Share 3.65 | Revenue Per Share 33.72 | Quarterly Revenue Growth 0.133 |
The market value of Waste Connections is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Connections' value that differs from its market value or its book value, called intrinsic value, which is Waste Connections' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Waste Connections' market value can be influenced by many factors that don't directly affect Waste Connections' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Waste Connections' value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Connections is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Connections' 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.