Waste Management (Brazil) Market Value
| W1MC34 Stock | 663.68 15.03 2.21% |
| 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.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Waste Management on September 11, 2024 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 90 days. Waste Management is related to or competes with Ambipar Participaes, Fras Le, Western Digital, BTG Pactual, Plano Plano, and Companhia Habitasul. 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 | 1.29 | |||
| Information Ratio | 0.0639 | |||
| Maximum Drawdown | 8.93 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.39 |
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 | 0.1133 | |||
| Jensen Alpha | 0.2515 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0717 | |||
| Treynor Ratio | (0.53) |
Waste Management Backtested Returns
Waste Management appears to be very steady, given 3 months investment horizon. Waste Management shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Waste Management, which you can use to evaluate the volatility of the company. Please utilize Waste Management's Downside Deviation of 1.29, market risk adjusted performance of (0.52), and Mean Deviation of 0.9821 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 10. The firm maintains a market beta of -0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Waste Management are expected to decrease at a much lower rate. During the bear market, Waste Management is likely to outperform the market. Please check Waste Management's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Waste Management's historical returns will revert.
Auto-correlation | 0.65 |
Good predictability
Waste Management has good predictability. Overlapping area represents the amount of predictability between Waste Management time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th of December 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 0.65 indicates that roughly 65.0% of current Waste Management price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 564.98 |
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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 information on how to trade Waste Stock refer to our How to Trade Waste Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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.