Waste Management Stock Probability of Future Stock Price Finishing Over 164.42
| WM Stock | USD 206.15 1.17 0.57% |
Closest to current price Waste long CALL Option Payoff at Expiration
Waste |
Waste Management Target Price Odds to finish over 164.42
The tendency of Waste Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 164.42 in 90 days |
| 206.15 | 90 days | 164.42 | close to 99 |
Based on a normal probability distribution, the odds of Waste Management to stay above $ 164.42 in 90 days from now is close to 99 (This Waste Management probability density function shows the probability of Waste Stock to fall within a particular range of prices over 90 days) . Probability of Waste Management price to stay between $ 164.42 and its current price of $206.15 at the end of the 90-day period is about 69.91 .
Allowing for the 90-day total investment horizon Waste Management has a beta of 0.0038. This entails as returns on the market go up, Waste Management average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Waste Management will be expected to be much smaller as well. Additionally Waste Management has an alpha of 0.1933, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Waste Management Price Density |
| Price |
Predictive Modules for Waste Management
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Waste Management. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Waste Management's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Waste Management Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Waste Management is not an exception. The market had few large corrections towards the Waste Management's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Waste Management, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Waste Management within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.19 | |
β | Beta against NYSE Composite | 0 | |
σ | Overall volatility | 10.98 | |
Ir | Information ratio | 0.16 |
Waste Management Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Waste Management for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Waste Management can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reports 16.23 B of total liabilities with total debt to equity ratio (D/E) of 2.01, which may imply that the company relies heavily on debt financing. Waste Management has a current ratio of 0.83, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist Waste Management until it has trouble settling it off, either with new capital or with free cash flow. So, Waste Management's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Waste Management sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Waste to invest in growth at high rates of return. When we think about Waste Management's use of debt, we should always consider it together with cash and equity. | |
| Waste Management has a strong financial position based on the latest SEC filings | |
| Over 85.0% of Waste Management outstanding shares are owned by institutional investors | |
| On 28th of March 2024 Waste Management paid $ 0.75 per share dividend to its current shareholders | |
| Latest headline from phys.org: Coffee grinder, old tires spur creation of sulfur-free oil |
Waste Management Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Waste Stock often depends not only on the future outlook of the current and potential Waste Management's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Waste Management's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 406.9 M | |
| Cash And Short Term Investments | 458 M |
Waste Management Technical Analysis
Waste Management's future price can be derived by breaking down and analyzing its technical indicators over time. Waste Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Waste Management. In general, you should focus on analyzing Waste Stock price patterns and their correlations with different microeconomic environments and drivers.
Waste Management Predictive Forecast Models
Waste Management's time-series forecasting models is one of many Waste Management's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Waste Management's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Waste Management
Checking the ongoing alerts about Waste Management for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Waste Management help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reports 16.23 B of total liabilities with total debt to equity ratio (D/E) of 2.01, which may imply that the company relies heavily on debt financing. Waste Management has a current ratio of 0.83, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist Waste Management until it has trouble settling it off, either with new capital or with free cash flow. So, Waste Management's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Waste Management sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Waste to invest in growth at high rates of return. When we think about Waste Management's use of debt, we should always consider it together with cash and equity. | |
| Waste Management has a strong financial position based on the latest SEC filings | |
| Over 85.0% of Waste Management outstanding shares are owned by institutional investors | |
| On 28th of March 2024 Waste Management paid $ 0.75 per share dividend to its current shareholders | |
| Latest headline from phys.org: Coffee grinder, old tires spur creation of sulfur-free oil |
Check out Waste Management Backtesting, Waste Management Valuation, Waste Management Correlation, Waste Management Hype Analysis, Waste Management Volatility, Waste Management History as well as Waste Management Performance. To learn how to invest in Waste Stock, please use our How to Invest in Waste Management guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Waste Stock analysis
When running Waste Management's price analysis, check to measure Waste Management'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 Waste Management is operating at the current time. Most of Waste Management's value examination focuses on studying past and present price action to predict the probability of Waste Management's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Waste Management's price. Additionally, you may evaluate how the addition of Waste Management to your portfolios can decrease your overall portfolio volatility.
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Is Waste Management's industry 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 0.01 | Dividend Share 2.8 | Earnings Share 5.66 | Revenue Per Share 50.447 | Quarterly Revenue Growth 0.057 |
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.