Waste Management (Germany) Market Value
| UWS Stock | EUR 216.95 0.35 0.16% |
| Symbol | Waste |
Waste Management '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 Management's 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 Management.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Waste Management on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Waste Management or generate 0.0% return on investment in Waste Management over 540 days. Waste Management is related to or competes with Veolia Environnement, GFL ENVIRONM(SUBVTSH, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and NorAm Drilling. Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, comme... More
Waste Management 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 Management's 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 Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.0673 | |||
| Maximum Drawdown | 9.11 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 2.62 |
Waste Management Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waste Management's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waste Management's standard deviation. In reality, there are many statistical measures that can use Waste Management historical prices to predict the future Waste Management's volatility.| Risk Adjusted Performance | 0.1271 | |||
| Jensen Alpha | 0.1667 | |||
| Total Risk Alpha | 0.003 | |||
| Sortino Ratio | 0.0714 | |||
| Treynor Ratio | 0.6033 |
Waste Management Backtested Returns
Waste Management appears to be very steady, given 3 months investment horizon. Waste Management shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Waste Management, which you can use to evaluate the volatility of the company. Please utilize Waste Management's Downside Deviation of 1.27, mean deviation of 0.8716, and Market Risk Adjusted Performance of 0.6133 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Waste Management holds a performance score of 12. The firm maintains a market beta of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Waste Management's returns are expected to increase less than the market. However, during the bear market, the loss of holding Waste Management is expected to be smaller as well. Please check Waste Management's maximum drawdown, semi variance, accumulation distribution, as well as the relationship between the potential upside and skewness , to make a quick decision on whether Waste Management's historical returns will revert.
Auto-correlation | 0.55 |
Modest predictability
Waste Management has modest predictability. Overlapping area represents the amount of predictability between Waste Management time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. 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 Management price movement. The serial correlation of 0.55 indicates that about 55.0% of current Waste Management price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 52.0 |
Waste Management lagged returns against current returns
Autocorrelation, which is Waste Management 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 Management's stock expected returns. We can calculate the autocorrelation of Waste Management returns to help us make a trade decision. For example, suppose you find that Waste Management 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 Management 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 Management stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waste Management stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waste Management stock over time.
Current vs Lagged Prices |
| Timeline |
Waste Management Lagged Returns
When evaluating Waste Management's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waste Management stock have on its future price. Waste Management 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 Management autocorrelation shows the relationship between Waste Management stock current value and its past values and can show if there is a momentum factor associated with investing in Waste Management.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Waste Stock
When determining whether Waste Management is a strong investment it is important to analyze Waste Management's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Waste Management's future performance. For an informed investment choice regarding Waste Stock, refer to the following important reports:Check out Waste Management Correlation, Waste Management Volatility and Waste Management Alpha and Beta module to complement your research on Waste Management. For more detail on how to invest in Waste Stock please use our How to Invest in Waste Management guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Waste Management 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.