Waste Connections Ownership
| WCN Stock | CAD 267.05 2.95 1.09% |
Shares in Circulation | First Issued 1998-03-31 | Previous Quarter 258.6 M | Current Value 258.8 M | Avarage Shares Outstanding 190.2 M | Quarterly Volatility 56.1 M |
Waste |
Waste Stock Ownership Analysis
About 89.0% of the company outstanding shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 1.46. Waste Connections recorded earning per share (EPS) of 5.24. The entity last dividend was issued on the 7th of November 2024. The firm had 3:2 split on the 19th of June 2017. Waste Connections, Inc. provides waste collection, transfer, disposal, and recycling services in the United States and Canada. Waste Connections, Inc. was founded in 1997 and is based in Vaughan, Canada. WASTE CONNECTIONS operates under Waste And Water Management classification in Canada and is traded on Toronto Stock Exchange. It employs 18204 people. For more information please call Worthing Jackman at 905 532 7510 or visit https://www.wasteconnections.com.Waste Connections Outstanding Bonds
Waste Connections issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Waste Connections uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Waste bonds can be classified according to their maturity, which is the date when Waste Connections has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View |
Pair Trading with Waste Connections
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 Connections 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 Connections will appreciate offsetting losses from the drop in the long position's value.Moving against Waste Stock
The ability to find closely correlated positions to Waste Connections 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 Connections 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 Connections - 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 Connections to buy it.
The correlation of Waste Connections 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 Connections moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Connections 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 Connections 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.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.