Waste Competitors
| WM Stock | USD 234.52 3.51 1.52% |
Waste Management vs Illinois Tool Correlation
Poor diversification
The correlation between Waste Management and ITW is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Waste Management and ITW in the same portfolio, assuming nothing else is changed.
Moving together with Waste Stock
Moving against Waste Stock
| 0.89 | 0G9R | PowerCell Sweden | PairCorr |
| 0.87 | VCIG | VCI Global Limited | PairCorr |
| 0.82 | 0FQ8 | Pharol SGPS SA Earnings Call This Week | PairCorr |
| 0.67 | 0A9G | Mereo BioPharma Group | PairCorr |
| 0.64 | LZ | LegalZoom | PairCorr |
Waste Management Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Waste Management and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Waste and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Waste Management does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Waste Stock performing well and Waste Management Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Waste Management's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RSG | 0.78 | 0.12 | 0.07 | 0.43 | 0.82 | 1.84 | 4.33 | |||
| EMR | 1.55 | 0.11 | 0.07 | 0.11 | 2.22 | 3.43 | 11.44 | |||
| UPS | 1.11 | 0.35 | 0.26 | 0.43 | 0.93 | 3.16 | 7.68 | |||
| NOC | 1.29 | 0.32 | 0.17 | 0.71 | 1.41 | 2.91 | 9.88 | |||
| JCI | 1.16 | 0.16 | 0.08 | 0.32 | 1.51 | 3.03 | 8.37 | |||
| CTAS | 0.81 | 0.04 | 0.01 | 0.14 | 0.90 | 1.78 | 4.48 | |||
| MMM | 1.20 | (0.01) | 0.00 | 0.05 | 1.79 | 2.12 | 9.08 | |||
| WCN | 0.95 | (0.10) | 0.00 | (0.06) | 0.00 | 1.93 | 10.45 | |||
| TDG | 1.04 | (0.03) | (0.03) | 0.00 | 2.06 | 1.76 | 12.34 | |||
| ITW | 0.98 | 0.27 | 0.20 | 0.36 | 0.86 | 2.77 | 6.58 |
Cross Equities Net Income Analysis
Compare Waste Management and related stocks such as Republic Services, Emerson Electric, and United Parcel Service Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RSG | 153.7 M | 589.2 M | 571.8 M | 588.9 M | 547.6 M | 749.9 M | 612.6 M | 1.3 B | 1 B | 1.1 B | 967.2 M | 1.3 B | 1.5 B | 1.7 B | 2 B | 2.3 B | 2.5 B |
| EMR | 401.1 M | 2 B | 2 B | 2.1 B | 2.7 B | 1.6 B | 1.5 B | 2.2 B | 2.3 B | 2 B | 2.3 B | 3.2 B | 13.2 B | 2 B | 2.3 B | 2.6 B | 1.9 B |
| UPS | 1.7 B | 3.8 B | 807 M | 4.4 B | 3 B | 4.8 B | 3.4 B | 4.9 B | 4.8 B | 4.4 B | 1.3 B | 12.9 B | 11.5 B | 6.7 B | 5.8 B | 5.6 B | 4.4 B |
| NOC | 214.4 M | 2.1 B | 2 B | 2 B | 2.1 B | 2 B | 2.2 B | 2 B | 3.2 B | 2.2 B | 3.2 B | 7 B | 4.9 B | 2.1 B | 4.2 B | 4.2 B | 4.4 B |
| JCI | 78.3 M | 1.2 B | 1.2 B | 1.2 B | 1.6 B | (868 M) | 1.6 B | 2.2 B | 474 M | 631 M | 1.6 B | 1.5 B | 1.8 B | 1.7 B | 3.3 B | 3.8 B | 4 B |
| CTAS | 11.3 M | 297.6 M | 315.4 M | 374.4 M | 430.6 M | 693.5 M | 480.7 M | 842.6 M | 885 M | 876 M | 1.1 B | 1.2 B | 1.3 B | 1.6 B | 1.8 B | 2.1 B | 2.2 B |
| MMM | 664 M | 4.3 B | 4.4 B | 4.7 B | 5 B | 4.8 B | 5 B | 4.9 B | 5.3 B | 4.6 B | 5.4 B | 5.9 B | 5.8 B | (7 B) | 4.2 B | 3.2 B | 3 B |
| WCN | (5.1 M) | 160.6 M | 159.1 M | 195.7 M | 232.5 M | (95.8 M) | 246.5 M | 576.8 M | 546.9 M | 566.8 M | 204.7 M | 618 M | 835.7 M | 762.8 M | 617.6 M | 1.1 B | 1.1 B |
| TDG | 10.8 M | 321.7 M | 131.5 M | 180.3 M | 443.8 M | 583.4 M | 437.6 M | 907.8 M | 778.7 M | 699 M | 680 M | 866 M | 1.3 B | 1.7 B | 2.1 B | 2.4 B | 2.5 B |
| ITW | 31.5 M | 2.1 B | 2.9 B | 1.7 B | 2.9 B | 1.9 B | 2 B | 1.7 B | 2.6 B | 2.5 B | 2.1 B | 2.7 B | 3 B | 3 B | 3.5 B | 3.1 B | 3.2 B |
Waste Management and related stocks such as Republic Services, Emerson Electric, and United Parcel Service Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Waste Management financial statement analysis. It represents the amount of money remaining after all of Waste Management operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Waste Management Competitive Analysis
The better you understand Waste Management competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Waste Management's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Waste Management's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Waste Management Competition Performance Charts
Five steps to successful analysis of Waste Management Competition
Waste Management's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Waste Management in relation to its competition. Waste Management's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Waste Management in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Waste Management's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Waste Management, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Waste Management position
In addition to having Waste Management in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Recycling Thematic Idea Now
Recycling
West management companies as well as entities specializing in pollution control and recycling. The Recycling theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Recycling Theme or any other thematic opportunities.
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Check out Waste Management Correlation with its peers. To learn how to invest in Waste Stock, please use our How to Invest in Waste Management guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Will Environmental & Facilities Services sector continue expanding? Could Waste diversify its offerings? Factors like these will boost the valuation of Waste Management. Anticipated expansion of Waste directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Waste Management data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 0.236 | Dividend Share 3.3 | Earnings Share 6.71 | Revenue Per Share | Quarterly Revenue Growth 0.071 |
Waste Management's market price often diverges from its book value, the accounting figure shown on Waste's balance sheet. Smart investors calculate Waste Management's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Waste Management's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental 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.