Waste Management Stock Market Value
| WM Stock | USD 224.41 2.88 1.30% |
| Symbol | Waste |
Waste Management 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 Waste Management. If investors know Waste 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 Waste Management 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 0.153 | Dividend Share 2.95 | Earnings Share 6.55 | Revenue Per Share 53.245 | Quarterly Revenue Growth 0.079 |
The market value of Waste Management is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Management's value that differs from its market value or its book value, called intrinsic value, which is Waste Management'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 Waste Management's market value can be influenced by many factors that don't directly affect Waste Management'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 Waste Management's value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Management is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Management'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.
Waste Management '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 Management'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 Waste Management.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Waste Management on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Waste Management or generate 0.0% return on investment in Waste Management over 660 days. Waste Management is related to or competes with Genpact, Broadridge Financial, First Advantage, Franklin Covey, Kingsoft Cloud, Mistras, and NL Industries. Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, comme... More
Waste Management 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 Management'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 Waste Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.17 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.67 |
Waste Management Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waste Management's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waste Management's standard deviation. In reality, there are many statistical measures that can use Waste Management historical prices to predict the future Waste Management's volatility.| Risk Adjusted Performance | 0.0789 | |||
| Jensen Alpha | 0.0401 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1996 |
Waste Management Backtested Returns
As of now, Waste Stock is very steady. Waste Management shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Waste Management, which you can use to evaluate the volatility of the company. Please check out Waste Management's Downside Deviation of 1.02, market risk adjusted performance of 0.2096, and Mean Deviation of 0.7666 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Waste Management has a performance score of 8 on a scale of 0 to 100. The firm maintains a market beta of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Waste Management's returns are expected to increase less than the market. However, during the bear market, the loss of holding Waste Management is expected to be smaller as well. Waste Management right now maintains a risk of 1.14%. Please check out Waste Management semi variance, as well as the relationship between the rate of daily change and relative strength index , to decide if Waste Management will be following its historical returns.
Auto-correlation | 0.70 |
Good predictability
Waste Management has good predictability. Overlapping area represents the amount of predictability between Waste Management time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Waste Management price movement. The serial correlation of 0.7 indicates that around 70.0% of current Waste Management price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 110.52 |
Waste Management lagged returns against current returns
Autocorrelation, which is Waste Management 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 Management's stock expected returns. We can calculate the autocorrelation of Waste Management returns to help us make a trade decision. For example, suppose you find that Waste Management 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 Management 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 Management stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waste Management stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waste Management stock over time.
Current vs Lagged Prices |
| Timeline |
Waste Management Lagged Returns
When evaluating Waste Management's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waste Management stock have on its future price. Waste Management 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 Management autocorrelation shows the relationship between Waste Management stock current value and its past values and can show if there is a momentum factor associated with investing in Waste Management.
Regressed Prices |
| Timeline |
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Waste Management 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.