Waste Connections (Germany) Market Value
| UI51 Stock | 181.85 0.45 0.25% |
| Symbol | Waste |
Waste Connections '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 Connections' 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 Connections.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Waste Connections on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Waste Connections or generate 0.0% return on investment in Waste Connections over 30 days. Waste Connections is related to or competes with Computer, Mitsubishi Materials, Consolidated Communications, United Internet, Compagnie Plastic, Charter Communications, and Citic Telecom. More
Waste Connections 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 Connections' 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 Connections upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9396 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 4.77 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.99 |
Waste Connections Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waste Connections' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waste Connections' standard deviation. In reality, there are many statistical measures that can use Waste Connections historical prices to predict the future Waste Connections' volatility.| Risk Adjusted Performance | 0.0893 | |||
| Jensen Alpha | 0.0906 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.5813 |
Waste Connections Backtested Returns
Currently, Waste Connections is very steady. Waste Connections shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Waste Connections, which you can use to evaluate the volatility of the company. Please check out Waste Connections' Market Risk Adjusted Performance of 0.5913, downside deviation of 0.9396, and Mean Deviation of 0.8727 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Waste Connections has a performance score of 10 on a scale of 0 to 100. The firm maintains a market beta of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Waste Connections' returns are expected to increase less than the market. However, during the bear market, the loss of holding Waste Connections is expected to be smaller as well. Waste Connections right now maintains a risk of 1.09%. Please check out Waste Connections value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Waste Connections will be following its historical returns.
Auto-correlation | 0.94 |
Excellent predictability
Waste Connections has excellent predictability. Overlapping area represents the amount of predictability between Waste Connections time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Connections price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Waste Connections price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 11.95 |
Waste Connections lagged returns against current returns
Autocorrelation, which is Waste Connections 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 Connections' stock expected returns. We can calculate the autocorrelation of Waste Connections returns to help us make a trade decision. For example, suppose you find that Waste Connections 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 Connections 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 Connections stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waste Connections stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waste Connections stock over time.
Current vs Lagged Prices |
| Timeline |
Waste Connections Lagged Returns
When evaluating Waste Connections' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waste Connections stock have on its future price. Waste Connections 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 Connections autocorrelation shows the relationship between Waste Connections stock current value and its past values and can show if there is a momentum factor associated with investing in Waste Connections.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Waste Stock Analysis
When running Waste Connections' price analysis, check to measure Waste Connections' 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 Waste Connections is operating at the current time. Most of Waste Connections' value examination focuses on studying past and present price action to predict the probability of Waste Connections' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Waste Connections' price. Additionally, you may evaluate how the addition of Waste Connections to your portfolios can decrease your overall portfolio volatility.