WASTE CONNECTIONS, INC.

77.57 +0.02 (+0.03%) Buy

WCN continues it's uptrend, although on a weaker note

13 min read

WASTE CONNECTIONS, INC. performed better than the broader market today. It returned +0.03% to close at 77.57. It's recent 5 day performance has been +0.44%, +0.73%, -0.3%, -1.32% and 0.0%.

[Themes containing WCN]

WCN showed a down trend over the last 3 months. During this period WCN lost -1.95% and saw a maximum drawdown of -9.74%. There was a short signal during this period which returned +0.25%.

Trend

WCN has been outperforming the SP500 index in recent time. WCN is currently at it's peak outperformance to the SP500 index and can be considered for investment. Over the last 2 years 11 months and 9 days, WCN outperformed the SP500 index on 51% days.

During the last three months WCN was mostly loss making and delivered on average -0.02% per day. It's best return during this period (of +4.43%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -2.89%) was on Wednesday, 24 Oct, 2018. There was initially a bearish trend during this period which started on 17 Oct, 2018 and went on till 24 Oct, 2018. The trend delivered -7.04% losses to investors. This was followed by a bullish trend that started on 5 Nov, 2018 and ended on 9 Nov, 2018. This bullish trend delivered +3.37% to investors.

WCN had 8 profitable and 4 loss making months over the last year. During the last year, number of profitable months of WCN and SP500 index were the same. WCN significantly outperformed SP500 index in May 2018, when it returned +6.33% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. WCN had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both WCN and SP500 index significantly outperform during months when quarterly/annual results are announced.

Glamour is what I sell, it's my stock in trade.
-- Marlene Dietrich

WCN is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in WCN's volatility from 14 Sep, 2018 to 30 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that WCN has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

SP500 index has more chance of extreme outcomes than WCN. Therefore, SP500 must receive a lower allocation than WCN in your portfolio. SP500 index usually has shorter drawdown period than WCN.

Based on your interest in WCN you may find it interesting to know that GNK is highly volatile and investors investing in it must take extreme caution. Consider either reducing your exposure to GNK or sufficiently diversifying your portfolio.

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