Republic Services Stock Market Value
| RSG Stock | USD 189.76 0.79 0.42% |
| Symbol | Republic |
Republic Services Price To Book Ratio
Is Republic Services' 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 Republic Services. If investors know Republic 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 Republic Services 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 0.28 | Dividend Share 2.06 | Earnings Share 5.46 | Revenue Per Share 47.329 | Quarterly Revenue Growth 0.086 |
The market value of Republic Services is measured differently than its book value, which is the value of Republic that is recorded on the company's balance sheet. Investors also form their own opinion of Republic Services' value that differs from its market value or its book value, called intrinsic value, which is Republic Services' 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 Republic Services' market value can be influenced by many factors that don't directly affect Republic Services' 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 Republic Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Republic Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Republic Services' 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.
Republic Services '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 Republic Services' 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 Republic Services.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Republic Services on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Republic Services or generate 0.0% return on investment in Republic Services over 30 days. Republic Services is related to or competes with Casella Waste, Clean Harbors, Gfl Environmental, Waste Management, Stericycle, Waste Connections, and Montrose Environmental. Republic Services, Inc., together with its subsidiaries, offers environmental services in the United States More
Republic Services 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 Republic Services' 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 Republic Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6005 | |||
| Information Ratio | 0.2134 | |||
| Maximum Drawdown | 3.4 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 1.08 |
Republic Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Republic Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Republic Services' standard deviation. In reality, there are many statistical measures that can use Republic Services historical prices to predict the future Republic Services' volatility.| Risk Adjusted Performance | 0.198 | |||
| Jensen Alpha | 0.1736 | |||
| Total Risk Alpha | 0.1351 | |||
| Sortino Ratio | 0.2292 | |||
| Treynor Ratio | 0.5077 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Republic Services' 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.
Republic Services Backtested Returns
We consider Republic Services very steady. Republic Services maintains Sharpe Ratio (i.e., Efficiency) of 0.28, which implies the firm had a 0.28% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Republic Services, which you can use to evaluate the volatility of the company. Please check Republic Services' Risk Adjusted Performance of 0.198, coefficient of variation of 312.77, and Semi Deviation of 0.0875 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Republic Services has a performance score of 22 on a scale of 0 to 100. The company holds a Beta of 0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Republic Services' returns are expected to increase less than the market. However, during the bear market, the loss of holding Republic Services is expected to be smaller as well. Republic Services right now holds a risk of 0.65%. Please check Republic Services value at risk, as well as the relationship between the skewness and day median price , to decide if Republic Services will be following its historical price patterns.
Auto-correlation | 0.15 |
Insignificant predictability
Republic Services has insignificant predictability. Overlapping area represents the amount of predictability between Republic Services time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Republic Services price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Republic Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Republic Services lagged returns against current returns
Autocorrelation, which is Republic Services 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 Republic Services' stock expected returns. We can calculate the autocorrelation of Republic Services returns to help us make a trade decision. For example, suppose you find that Republic Services 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 |
Republic Services 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 Republic Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Republic Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Republic Services stock over time.
Current vs Lagged Prices |
| Timeline |
Republic Services Lagged Returns
When evaluating Republic Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Republic Services stock have on its future price. Republic Services 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, Republic Services autocorrelation shows the relationship between Republic Services stock current value and its past values and can show if there is a momentum factor associated with investing in Republic Services.
Regressed Prices |
| Timeline |
Republic Services Investors Sentiment
The influence of Republic Services' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Republic. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Republic Services' public news can be used to forecast risks associated with an investment in Republic. The trend in average sentiment can be used to explain how an investor holding Republic can time the market purely based on public headlines and social activities around Republic Services. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Republic Services' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Republic Services' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Republic Services' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Republic Services.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Republic Services in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Republic Services' short interest history, or implied volatility extrapolated from Republic Services options trading.
Currently Active Assets on Macroaxis
When determining whether Republic Services is a strong investment it is important to analyze Republic Services' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Republic Services' future performance. For an informed investment choice regarding Republic Stock, refer to the following important reports:Check out Republic Services Correlation, Republic Services Volatility and Republic Services Alpha and Beta module to complement your research on Republic Services. For more detail on how to invest in Republic Stock please use our How to Invest in Republic Services guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Republic Stock analysis
When running Republic Services' price analysis, check to measure Republic Services' 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 Republic Services is operating at the current time. Most of Republic Services' value examination focuses on studying past and present price action to predict the probability of Republic Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Republic Services' price. Additionally, you may evaluate how the addition of Republic Services to your portfolios can decrease your overall portfolio volatility.
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Republic Services 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.