Waste Management Cdr Stock Target Price
| WAST Stock | 21.92 0.03 0.14% |
As of the 26th of January, Waste Management maintains the Mean Deviation of 1.09, downside deviation of 1.62, and Market Risk Adjusted Performance of 0.3774. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Waste Management CDR, as well as the relationship between them.
Waste Management Total Revenue |
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Market Capitalization 89.2 B | Earnings Share 6.3445 |
Waste | Target Price |
Waste Target Price Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Waste Management's direct or indirect competition against its Target Price to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Waste Management could also be used in its relative valuation, which is a method of valuing Waste Management by comparing valuation metrics of similar companies.Waste Management is currently under evaluation in target price category among its peers.
Waste Fundamentals
| Return On Equity | 29.31 | ||||
| Revenue | 22.06 B | ||||
| Net Income | 2.75 B | ||||
| Cash And Equivalents | 414 M | ||||
| Total Debt | 36.31 B | ||||
| Cash Flow From Operations | 5.39 B | ||||
| Earnings Per Share | 6.34 X | ||||
| Number Of Employees | 61.7 K | ||||
| Market Capitalization | 89.18 B | ||||
| Total Asset | 44.57 B | ||||
| Retained Earnings | 15.86 B | ||||
| Net Asset | 44.57 B |
About Waste Management Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Waste Management CDR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Waste Management using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Waste Management CDR based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Waste Management
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 Management 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 Management will appreciate offsetting losses from the drop in the long position's value.Moving together with Waste Stock
Moving against Waste Stock
| 0.77 | ROOF | Northstar Clean Tech | PairCorr |
| 0.72 | CMC | Cielo Waste Solutions | PairCorr |
| 0.41 | ECM | Ecolomondo Corp | PairCorr |
| 0.33 | BLM | BluMetric Environmental Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Waste Management 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 Management 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 Management - 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 Management CDR to buy it.
The correlation of Waste Management 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 Management moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Management CDR 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 Management 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.Other Information on Investing in Waste Stock
Waste Management financial ratios help investors to determine whether Waste Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Waste with respect to the benefits of owning Waste Management security.