Casella Waste (Germany) Market Value
| WA3 Stock | EUR 106.90 1.25 1.18% |
| Symbol | Casella |
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.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Casella Waste on January 27, 2025 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 Aluminumof China, FIREWEED METALS, Marie Brizard, ADRIATIC METALS, Jacquet Metal, Nippon Light, and ITALIAN WINE. 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 | 1.52 | |||
| Information Ratio | 0.0619 | |||
| Maximum Drawdown | 6.47 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 2.86 |
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 | 0.0577 | |||
| Jensen Alpha | 0.1056 | |||
| Total Risk Alpha | 0.0958 | |||
| Sortino Ratio | 0.0671 | |||
| Treynor Ratio | 0.4044 |
Casella Waste Systems Backtested Returns
At this point, Casella Waste is very steady. Casella Waste Systems secures Sharpe Ratio (or Efficiency) of 0.0206, which signifies that the company had a 0.0206 % return per unit of risk over the last 3 months. We have found thirty 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 1.52, risk adjusted performance of 0.0577, and Mean Deviation of 1.28 to double-check if the risk estimate we provide is consistent with the expected return of 0.034%. Casella Waste has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Casella Waste's returns are expected to increase less than the market. However, during the bear market, the loss of holding Casella Waste is expected to be smaller as well. Casella Waste Systems right now shows a risk of 1.65%. Please confirm Casella Waste Systems value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Casella Waste Systems will be following its price patterns.
Auto-correlation | 0.66 |
Good predictability
Casella Waste Systems has good predictability. Overlapping area represents the amount of predictability between Casella Waste time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. 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 0.66 indicates that around 66.0% of current Casella Waste price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 9.03 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Casella Stock
When determining whether Casella Waste Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Casella Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Casella Waste Systems Stock. Highlighted below are key reports to facilitate an investment decision about Casella Waste Systems Stock:Check out Casella Waste Correlation, Casella Waste Volatility and Casella Waste Alpha and Beta module to complement your research on Casella Waste. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Casella Waste 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.