Casella Waste Systems (FRA:WA3) Momentum Rank : 10 (As of May. 18, 2024)

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What is Casella Waste Systems Momentum Rank?

Casella Waste Systems has the Momentum Rank of 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Casella Waste Systems's Momentum Rank

For the Waste Management subindustry, Casella Waste Systems's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Casella Waste Systems's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Casella Waste Systems's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Casella Waste Systems's Momentum Rank falls into.

Casella Waste Systems Momentum Rank Related Terms

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Casella Waste Systems (FRA:WA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Casella Waste Systems Inc (FRA:WA3) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CWST:USA WA3:Germany

Address

25 Greens Hill Lane, Rutland, VT, USA, 05701

Website

https://www.casella.com

Casella Waste Systems Inc is a solid waste removal company, providing resource management services to residential, commercial, municipal, and industrial customers in the Northeastern United States. The company's reportable segments on Geographical basis include Eastern and Western regions as well as the Resource solution segment. It generates maximum revenue from the Western region segment. The company services include Recycling, Collection, Organics, Energy, Landfills, Special Waste as well as Professional Services.

Casella Waste Systems (FRA:WA3) Headlines

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