CWST Stock | | | USD 96.38 0.54 0.56% |
Casella Waste financial indicator trend analysis is way more than just evaluating Casella Waste Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Casella Waste Systems is a good investment. Please check the relationship between Casella Waste Long Term Debt and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Casella Waste Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Long Term Debt vs Non Current Liabilities Total
Long Term Debt vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Casella Waste Systems Long Term Debt account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Casella Waste's Long Term Debt and Non Current Liabilities Total is 0.72. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Casella Waste Systems, assuming nothing else is changed. The correlation between historical values of Casella Waste's Long Term Debt and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Casella Waste Systems are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Long Term Debt i.e., Casella Waste's Long Term Debt and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that Casella Waste Systems has held for over one year. Long-term debt appears on Casella Waste Systems balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Casella Waste Systems balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Non Current Liabilities Total
Most indicators from Casella Waste's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Casella Waste Systems current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Casella Waste Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, Casella Waste's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 342.9
K in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 272.9
M in 2024.
Casella Waste fundamental ratios Correlations
Click cells to compare fundamentals
Casella Waste Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Casella Waste fundamental ratios Accounts
Pair Trading with Casella Waste
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 Casella Waste 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 Casella Waste will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Casella Waste could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Casella Waste 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 Casella Waste - 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 Casella Waste Systems to buy it.
The correlation of Casella Waste 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 Casella Waste moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Casella Waste Systems 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 Casella Waste 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.
Pair CorrelationCorrelation MatchingAdditional 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.