Casella Waste Systems Stock Market Value
| CWST Stock | USD 111.33 2.28 2.09% |
| Symbol | Casella |
Casella Waste Systems Price To Book Ratio
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Casella Waste. If investors know Casella will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Casella Waste listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.68) | Earnings Share 0.11 | Revenue Per Share 25.572 | Quarterly Revenue Growth 0.167 | Return On Assets 0.022 |
The market value of Casella Waste Systems is measured differently than its book value, which is the value of Casella that is recorded on the company's balance sheet. Investors also form their own opinion of Casella Waste's value that differs from its market value or its book value, called intrinsic value, which is Casella Waste's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Casella Waste's market value can be influenced by many factors that don't directly affect Casella Waste's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Casella Waste's value and its price as these two are different measures arrived at by different means. Investors typically determine if Casella Waste is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Casella Waste's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Casella Waste '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 Casella Waste'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 Casella Waste.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Casella Waste on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Casella Waste Systems or generate 0.0% return on investment in Casella Waste over 30 days. Casella Waste is related to or competes with Clean Harbors, Montrose Environmental, Republic Services, Waste Connections, Gfl Environmental, and Waste Management. Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services co... More
Casella Waste 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 Casella Waste'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 Casella Waste Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.6 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 2.09 |
Casella Waste Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Casella Waste's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Casella Waste's standard deviation. In reality, there are many statistical measures that can use Casella Waste historical prices to predict the future Casella Waste's volatility.| Risk Adjusted Performance | 0.0494 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0646 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Casella Waste's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Casella Waste Systems Backtested Returns
Currently, Casella Waste Systems is very steady. Casella Waste Systems secures Sharpe Ratio (or Efficiency) of 0.0413, which signifies that the company had a 0.0413% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Casella Waste Systems, which you can use to evaluate the volatility of the firm. Please confirm Casella Waste's Downside Deviation of 1.8, mean deviation of 1.16, and Risk Adjusted Performance of 0.0494 to double-check if the risk estimate we provide is consistent with the expected return of 0.0663%. Casella Waste has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.27, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Casella Waste will likely underperform. Casella Waste Systems right now shows a risk of 1.6%. Please confirm Casella Waste Systems potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Casella Waste Systems will be following its price patterns.
Auto-correlation | 0.67 |
Good predictability
Casella Waste Systems has good predictability. Overlapping area represents the amount of predictability between Casella Waste time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Casella Waste Systems price movement. The serial correlation of 0.67 indicates that around 67.0% of current Casella Waste price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 2.89 |
Casella Waste Systems lagged returns against current returns
Autocorrelation, which is Casella Waste 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 Casella Waste's stock expected returns. We can calculate the autocorrelation of Casella Waste returns to help us make a trade decision. For example, suppose you find that Casella Waste 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 |
Casella Waste 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 Casella Waste stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Casella Waste stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Casella Waste stock over time.
Current vs Lagged Prices |
| Timeline |
Casella Waste Lagged Returns
When evaluating Casella Waste's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Casella Waste stock have on its future price. Casella Waste 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, Casella Waste autocorrelation shows the relationship between Casella Waste stock current value and its past values and can show if there is a momentum factor associated with investing in Casella Waste Systems.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Casella Stock Analysis
When running Casella Waste's price analysis, check to measure Casella Waste's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Casella Waste is operating at the current time. Most of Casella Waste's value examination focuses on studying past and present price action to predict the probability of Casella Waste's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Casella Waste's price. Additionally, you may evaluate how the addition of Casella Waste to your portfolios can decrease your overall portfolio volatility.