Waste Connections Stock Alpha and Beta Analysis
| WCN Stock | USD 193.18 0.07 0.04% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Waste Connections. It also helps investors analyze the systematic and unsystematic risks associated with investing in Waste Connections over a specified time horizon. Remember, high Waste Connections' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Waste Connections' market risk premium analysis include:
Beta 0.39 | Alpha 0.009398 | Risk 0.92 | Sharpe Ratio 0.0807 | Expected Return 0.0744 |
Waste Connections Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Waste |
Waste Connections Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Waste Connections market risk premium is the additional return an investor will receive from holding Waste Connections long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Waste Connections. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Waste Connections' performance over market.| α | 0.01 | β | 0.39 |
Waste Connections expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Waste Connections' Buy-and-hold return. Our buy-and-hold chart shows how Waste Connections performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Waste Connections Market Price Analysis
Market price analysis indicators help investors to evaluate how Waste Connections stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Waste Connections shares will generate the highest return on investment. By understating and applying Waste Connections stock market price indicators, traders can identify Waste Connections position entry and exit signals to maximize returns.
Waste Connections Return and Market Media
The median price of Waste Connections for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 181.71 with a coefficient of variation of 2.38. The daily time series for the period is distributed with a sample standard deviation of 4.33, arithmetic mean of 182.19, and mean deviation of 3.56. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Acquisition by Rivard Philip of 413 shares of Waste Connections subject to Rule 16b-3 | 09/06/2024 |
2 | Disposition of 571 shares by Nielsen Iii Robert of Waste Connections at 185.5 subject to Rule 16b-3 | 09/09/2024 |
3 | Disposition of 633 shares by Robert Cloninger of Waste Connections subject to Rule 16b-3 | 09/13/2024 |
4 | Disposition of 0 shares by Pio Domenic of Waste Connections at 167.7776 subject to Rule 16b-3 | 09/17/2024 |
5 | Disposition of 4542 shares by Rivard Philip of Waste Connections subject to Rule 16b-3 | 09/20/2024 |
6 | Will Weakness in Waste Connections, Inc.s Stock Prove Temporary Given Strong Fundamentals | 10/04/2024 |
7 | Waste Connections Q3 Earnings and Revenues Surpass Estimates | 10/23/2024 |
8 | Waste Connections Price Target Lowered to 205.00 at Raymond James | 10/25/2024 |
9 | Guy on Rocks North of the border with White Cliff Minerals | 11/06/2024 |
| Waste Connections dividend paid on 7th of November 2024 | 11/07/2024 |
10 | Disposition of 2000 shares by James Little of Waste Connections at 185.325 subject to Rule 16b-3 | 11/11/2024 |
11 | Waste Connections executive VP sells 370,650 in shares | 11/12/2024 |
12 | Oppenheimer Co. Inc. Cuts Position in Waste Connections, Inc. | 11/15/2024 |
13 | Waste Connections, Inc. is EULAV Asset Managements 8th Largest Position | 11/20/2024 |
| Waste Connections dividend paid on 21st of November 2024 | 11/21/2024 |
15 | Waste Connections, Inc. Analysts Are Bullish on This Waste Management Stock | 11/22/2024 |
16 | White Cliff picks up copper ground with stellar historical hits | 11/26/2024 |
About Waste Connections Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Waste or other stocks. Alpha measures the amount that position in Waste Connections has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.006133 | 0.00684 | 0.006321 | 0.005458 | Price To Sales Ratio | 5.79 | 4.73 | 4.79 | 2.89 |
Waste Connections Upcoming Company Events
As portrayed in its financial statements, the presentation of Waste Connections' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Waste Connections' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Waste Connections' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Waste Connections. Please utilize our Beneish M Score to check the likelihood of Waste Connections' management manipulating its earnings.
| 13th of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 13th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Waste Connections Backtesting, Waste Connections Valuation, Waste Connections Correlation, Waste Connections Hype Analysis, Waste Connections Volatility, Waste Connections History and analyze Waste Connections Performance. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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.