Waste Management Stock Alpha and Beta Analysis

WM Stock  USD 213.97  2.20  1.04%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Waste Management. It also helps investors analyze the systematic and unsystematic risks associated with investing in Waste Management over a specified time horizon. Remember, high Waste Management's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Waste Management's market risk premium analysis include:
Beta
(0.12)
Alpha
0.3
Risk
0.91
Sharpe Ratio
0.33
Expected Return
0.3
Please note that although Waste Management alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Waste Management did 0.30  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Waste Management stock's relative risk over its benchmark. Waste Management has a beta of 0.12  . As returns on the market increase, returns on owning Waste Management are expected to decrease at a much lower rate. During the bear market, Waste Management is likely to outperform the market. At this time, Waste Management's Price Book Value Ratio is very stable compared to the past year. As of the 28th of March 2024, Price Fair Value is likely to grow to 11.03, while Enterprise Value Multiple is likely to drop 12.24.

Waste Management Quarterly Cash And Equivalents

150 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Waste Management Backtesting, Waste Management Valuation, Waste Management Correlation, Waste Management Hype Analysis, Waste Management Volatility, Waste Management History and analyze Waste Management Performance.
To learn how to invest in Waste Stock, please use our How to Invest in Waste Management guide.

Waste Management Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Waste Management market risk premium is the additional return an investor will receive from holding Waste Management long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Waste Management. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Waste Management's performance over market.
α0.30   β-0.12

Waste Management expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Waste Management's Buy-and-hold return. Our buy-and-hold chart shows how Waste Management performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Waste Management Market Price Analysis

Market price analysis indicators help investors to evaluate how Waste Management stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Waste Management shares will generate the highest return on investment. By understating and applying Waste Management stock market price indicators, traders can identify Waste Management position entry and exit signals to maximize returns.

Waste Management Return and Market Media

The median price of Waste Management for the period between Fri, Dec 29, 2023 and Thu, Mar 28, 2024 is 188.82 with a coefficient of variation of 6.85. The daily time series for the period is distributed with a sample standard deviation of 13.29, arithmetic mean of 193.98, and mean deviation of 12.44. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
Waste Management, Inc. Shares Sold by Schulhoff Co. Inc.
02/26/2024
2
Discretionary transaction by Bene Thomas of tradable shares of Waste Management subject to Rule 16b-3
03/01/2024
3
Why Waste Management is a Top Growth Stock for the Long-Term
03/08/2024
4
Waste Management, Inc. Shares Sold by Deutsche Bank AG
03/12/2024
5
Waste Management Incs Dividend Analysis
03/13/2024
6
Waste Industry Leader and Former Republic Services COO Tim Stuart Joins AMPs Board of Directors
03/19/2024
7
SRCL or WM Which Is the Better Value Stock Right Now
03/21/2024
8
Why Is Clean Harbors Up 7.2 percent Since Last Earnings Report
03/22/2024
9
Spring Cleaning In Plainfield Bulk Items Can Be Left At Curb
03/25/2024
10
Calculating The Intrinsic Value Of Waste Management, Inc.
03/27/2024

About Waste Management Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Waste or other stocks. Alpha measures the amount that position in Waste Management has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio38.6428.9431.4721.46
Short Term Coverage Ratios6.1310.9614.1314.84

Waste Management Upcoming Company Events

As portrayed in its financial statements, the presentation of Waste Management's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Waste Management's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Waste Management's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Waste Management. Please utilize our Beneish M Score to check the likelihood of Waste Management's management manipulating its earnings.
12th of February 2024
Upcoming Quarterly Report
View
24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
12th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

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When determining whether Waste Management is a strong investment it is important to analyze Waste Management's 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 Waste Management's future performance. For an informed investment choice regarding Waste Stock, refer to the following important reports:

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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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.
A focus of Waste Management technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Waste Management trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...