Waste Connections (Germany) Market Value
| UI51 Stock | EUR 168.75 0.65 0.38% |
| Symbol | Waste |
Waste Connections 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Waste Connections' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Waste Connections.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Waste Connections on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Waste Connections or generate 0.0% return on investment in Waste Connections over 90 days. Waste Connections is related to or competes with China Railway, UNIVERSAL MUSIC, TITAN MACHINERY, IMPERIAL TOBACCO, ALEFARM BREWING, and Japan Tobacco. Waste Connections, Inc., a solid waste services company, provides waste collection, transfer, disposal, and recycling se... More
Waste Connections Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Waste Connections' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Waste Connections upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0122 | |||
| Maximum Drawdown | 5.62 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.69 |
Waste Connections Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waste Connections' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waste Connections' standard deviation. In reality, there are many statistical measures that can use Waste Connections historical prices to predict the future Waste Connections' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | 0.0529 | |||
| Treynor Ratio | (0.62) |
Waste Connections Backtested Returns
Waste Connections shows Sharpe Ratio of close to zero, which attests that the company had a close to zero % return per unit of risk over the last 3 months. Waste Connections exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Waste Connections' Market Risk Adjusted Performance of (0.61), mean deviation of 0.8993, and Standard Deviation of 1.18 to validate the risk estimate we provide. The firm maintains a market beta of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Waste Connections' returns are expected to increase less than the market. However, during the bear market, the loss of holding Waste Connections is expected to be smaller as well. At this point, Waste Connections has a negative expected return of -0.0027%. Please make sure to check out Waste Connections' potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Waste Connections performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Waste Connections has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Waste Connections time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Waste Connections price movement. The serial correlation of -0.72 indicates that around 72.0% of current Waste Connections price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 12.26 |
Waste Connections lagged returns against current returns
Autocorrelation, which is Waste Connections stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Waste Connections' stock expected returns. We can calculate the autocorrelation of Waste Connections returns to help us make a trade decision. For example, suppose you find that Waste Connections has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Waste Connections regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Waste Connections stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waste Connections stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waste Connections stock over time.
Current vs Lagged Prices |
| Timeline |
Waste Connections Lagged Returns
When evaluating Waste Connections' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waste Connections stock have on its future price. Waste Connections autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Waste Connections autocorrelation shows the relationship between Waste Connections stock current value and its past values and can show if there is a momentum factor associated with investing in Waste Connections.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Waste Stock
When determining whether Waste Connections offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Waste Connections' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Waste Connections Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Waste Connections Stock:Check out Waste Connections Correlation, Waste Connections Volatility and Waste Connections Alpha and Beta module to complement your research on Waste Connections. For more detail on how to invest in Waste Stock please use our How to Invest in Waste Connections guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Waste Connections technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.