Waste Management Stock Price Prediction
| WM Stock | USD 210.10 2.60 1.22% |
Oversold Vs Overbought
42
Oversold | Overbought |
Waste Management stock price prediction is an act of determining the future value of Waste Management shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Waste Management's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Waste Management and does not consider all of the tangible or intangible factors available from Waste Management's fundamental data. We analyze noise-free headlines and recent hype associated with Waste Management, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Waste Management's stock price prediction:Quarterly Earnings Growth 0.346 | EPS Estimate Next Quarter 1.48 | EPS Estimate Current Year 6.93 | EPS Estimate Next Year 7.82 | Wall Street Target Price 217.34 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Waste Management based on different types of headlines from major news networks to social media. The Waste stock price prediction module provides an analysis of price elasticity to changes in media outlook on Waste Management over a specific investment horizon. Using Waste Management hype-based prediction, you can estimate the value of Waste Management from the perspective of Waste Management response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Waste Management using Waste Management's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Waste using crowd psychology based on the activity and movement of Waste Management's stock price.
Waste Management Short Interest
A significant increase or decrease in Waste Management's short interest from the previous month could be a good indicator of investor sentiment towards Waste. Short interest can provide insight into the potential direction of Waste Management stock and how bullish or bearish investors feel about the market overall. An investor who is long Waste Management may also wish to track short interest. As short interest increases, investors should be becoming more worried about Waste Management and may potentially protect profits, hedge Waste Management with its derivative instruments, or be ready for some potential downside.
200 Day MA 178.136 | Short Percent 0.0094 | Short Ratio 2.2 | Shares Short Prior Month 5.2 M | 50 Day MA 207.7812 |
Waste Management Hype to Price Pattern
Investor biases related to Waste Management's public news can be used to forecast risks associated with an investment in Waste. The trend in average sentiment can be used to explain how an investor holding Waste can time the market purely based on public headlines and social activities around Waste Management. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Waste Management's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Waste Management.
Waste Management Implied Volatility | 12.36 |
Waste Management's implied volatility exposes the market's sentiment of Waste Management stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Waste Management's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Waste Management stock will not fluctuate a lot when Waste Management's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Waste Management. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Waste Management to buy its stock at a price that has no basis in reality. In that case, they are not buying Waste because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Waste Management after-hype prediction price | USD 209.78 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Waste contract
Based on the Rule 16, the options market is currently suggesting that Waste Management will have an average daily up or down price movement of about 0.77% per day over the life of the 2024-04-26 option contract. With Waste Management trading at USD 210.1, that is roughly USD 1.62 . If you think that the market is fully incorporating Waste Management's daily price movement you should consider acquiring Waste Management options at the current volatility level of 12.36%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Waste |
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 After-Hype Price Prediction Density Analysis
As far as predicting the price of Waste Management at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Waste Management or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Waste Management, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Waste Management Estimiated After-Hype Price Volatility
In the context of predicting Waste Management's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Waste Management's historical news coverage. Waste Management's after-hype downside and upside margins for the prediction period are 208.82 and 210.74, respectively. We have considered Waste Management's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Waste Management is very steady at this time. Analysis and calculation of next after-hype price of Waste Management is based on 3 months time horizon.
Waste Management Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Waste Management is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Waste Management backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Waste Management, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.21 | 0.96 | 0.32 | 0.02 | 9 Events / Month | 7 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
210.10 | 209.78 | 0.15 |
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Waste Management Hype Timeline
As of April 27, 2024 Waste Management is listed for 210.10. The entity has historical hype elasticity of -0.32, and average elasticity to hype of competition of -0.02. Waste is expected to decline in value after the next headline, with the price expected to drop to 209.78. The average volatility of media hype impact on the company price is about 62.34%. The price decline on the next news is expected to be -0.15%, whereas the daily expected return is at this time at 0.21%. The volatility of related hype on Waste Management is about 1167.57%, with the expected price after the next announcement by competition of 210.08. About 84.0% of the company outstanding shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 2.84. Waste Management recorded earning per share (EPS) of 5.66. The entity last dividend was issued on the 14th of March 2024. Allowing for the 90-day total investment horizon the next expected press release will be in about 9 days. Check out Waste Management Basic Forecasting Models to cross-verify your projections.Waste Management Related Hype Analysis
Having access to credible news sources related to Waste Management's direct competition is more important than ever and may enhance your ability to predict Waste Management's future price movements. Getting to know how Waste Management's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Waste Management may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| WCN | Waste Connections | (0.07) | 12 per month | 0.46 | 0.03 | 1.47 | (0.95) | 5.85 | |
| CLH | Clean Harbors | (2.50) | 10 per month | 1.15 | 0.08 | 2.44 | (2.12) | 6.28 | |
| CWST | Casella Waste Systems | (0.69) | 7 per month | 0.92 | 0.05 | 1.67 | (1.64) | 7.07 | |
| GFL | Gfl Environmental Holdings | (0.19) | 10 per month | 0.00 | (0.1) | 3.10 | (2.71) | 6.47 | |
| RSG | Republic Services | (0.97) | 12 per month | 0.14 | 0.18 | 1.08 | (0.86) | 3.40 | |
| SRCL | Stericycle | (0.25) | 10 per month | 0.00 | (0.09) | 2.18 | (2.26) | 12.62 | |
| HSC | Enviri | (0.02) | 5 per month | 0.00 | (0.12) | 4.88 | (6.24) | 17.44 | |
| MEG | Montrose Environmental Grp | 4.11 | 11 per month | 3.25 | 0.1 | 10.30 | (5.25) | 36.80 | |
| HCCI | Heritage Crystal Clean | (0.16) | 6 per month | 0.34 | 0.03 | 1.37 | (1.22) | 13.34 |
Waste Management Additional Predictive Modules
Most predictive techniques to examine Waste price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Waste using various technical indicators. When you analyze Waste charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Waste Management Predictive Indicators
The successful prediction of Waste Management stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Waste Management, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Waste Management based on analysis of Waste Management hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Waste Management's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Waste Management's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0138 | 0.0166 | 0.0157 | 0.0158 | Price To Sales Ratio | 3.91 | 3.29 | 3.55 | 2.65 |
Story Coverage note for Waste Management
The number of cover stories for Waste Management depends on current market conditions and Waste Management's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Waste Management is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Waste Management's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Waste Management Short Properties
Waste Management's future price predictability will typically decrease when Waste Management's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Waste Management often depends not only on the future outlook of the 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 |
Check out Waste Management Basic Forecasting Models to cross-verify your projections. To learn how to invest in Waste Stock, please use our How to Invest in Waste Management guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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 0.346 | Dividend Share 2.1 | Earnings Share 5.66 | Revenue Per Share 51.287 | Quarterly Revenue Growth 0.055 |
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.