Environmental Services

Republic Services Inc. vs Waste Connections Inc.

WatchlistRSG / WCNPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($70B vs $42B) in Nasdaq's "Environmental Services" industry; SEC SIC 4953 / 4953 (same major group); #2 and #3 by market value ($70B vs $42B) with SEC SIC 4953 (Refuse Systems).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Mean reversion: ADF t-statistic of the spread: -1.76 (needs <= -2.873 (5% critical value))
Business leadership

RSG is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearRSGWCNLarger
2025$19.0B$9.5BRSG
2024$18.4B$8.9BRSG
2023$17.3B$8.0BRSG
2022$15.6B$7.2BRSG
2021$13.3B$6.2BRSG
2020$12.0B$5.4BRSG

RSG led in every year with figures for both. Market value: RSG $70.1B, WCN $42.3B.

Stock leadership

Neither is clearly ahead

Measured against the pair's own last 252 trading days.

The gap is 0.06 standard deviations, close to the usual relationship. 5 lead switches in the last year.

Price change3 mo6 mo12 mo
RSG+11.5%+13.0%+9.5%
WCN+9.0%+9.5%+6.4%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.76 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.76 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 26.27 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

RSG Republic Services Inc. WCN Waste Connections Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
80100120Oct 2024Oct 2025Oct 2026RSG 118WCN 101
Spread z-score: RSG relative to WCN, against the 252 sessions before each day. Above 0: RSG ahead; below 0: WCN ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateRSG indexWCN indexzAhead
2026-10-22118.12101.25+0.06near the usual relationship
2026-10-21112.4692.16+1.15RSG ahead
2026-10-20113.7692.81+1.27RSG ahead
2026-10-19111.8390.74+1.41RSG ahead
2026-10-16113.0691.95+1.37RSG ahead
2026-10-15112.1390.64+1.53RSG ahead
2026-10-14109.5985.88+2.32RSG ahead
2026-10-13107.3884.16+2.36RSG ahead
2026-10-12107.3084.18+2.37RSG ahead
2026-10-09105.9083.70+2.21RSG ahead
2026-10-08105.8884.72+1.92RSG ahead
2026-10-07105.5684.97+1.78RSG ahead
2026-10-06104.8584.68+1.72RSG ahead
2026-10-05103.9284.50+1.55RSG ahead
2026-10-02102.3284.24+1.24RSG ahead
2026-10-01101.0682.51+1.47RSG ahead
2026-09-30102.4884.30+1.27RSG ahead
2026-09-29103.4885.19+1.26RSG ahead
2026-09-28103.9785.52+1.29RSG ahead
2026-09-25103.5685.19+1.30RSG ahead
2026-09-24103.8785.39+1.32RSG ahead
2026-09-23104.0585.11+1.47RSG ahead
2026-09-22104.4385.12+1.58RSG ahead
2026-09-21104.4685.19+1.57RSG ahead
2026-09-18106.4885.07+2.16RSG ahead
2026-09-17106.9085.01+2.32RSG ahead
2026-09-16107.3285.71+2.23RSG ahead
2026-09-15108.9187.33+2.14RSG ahead
2026-09-14110.2888.19+2.25RSG ahead
2026-09-11108.7687.48+2.11RSG ahead
2026-09-10107.9587.32+1.98RSG ahead
2026-09-09108.6388.31+1.85RSG ahead
2026-09-08108.2289.35+1.41RSG ahead
2026-09-04108.7590.29+1.26RSG ahead
2026-09-03109.9291.35+1.24RSG ahead
2026-09-02108.6589.86+1.39RSG ahead
2026-09-01109.0389.75+1.55RSG ahead
2026-08-31107.8790.54+0.98RSG ahead
2026-08-28108.4590.87+1.04RSG ahead
2026-08-27107.0790.73+0.70RSG ahead
2026-08-26108.4991.54+0.84RSG ahead
2026-08-25107.8990.99+0.86RSG ahead
2026-08-24108.9392.54+0.65RSG ahead
2026-08-21107.7592.77+0.25near the usual relationship
2026-08-20107.1892.19+0.29near the usual relationship
2026-08-19107.9392.42+0.42near the usual relationship
2026-08-18105.9490.65+0.45near the usual relationship
2026-08-17105.1190.37+0.31near the usual relationship
2026-08-14104.8491.07+0.01near the usual relationship
2026-08-13105.0990.65+0.22near the usual relationship
2026-08-12104.6290.55+0.13near the usual relationship
2026-08-11105.0291.37-0.03near the usual relationship
2026-08-10104.7991.03+0.03near the usual relationship
2026-08-07104.7791.30-0.07near the usual relationship
2026-08-06102.3491.67-0.87WCN ahead
2026-08-05101.0890.09-0.72WCN ahead
2026-08-04101.4090.67-0.82WCN ahead
2026-08-03102.3591.90-0.93WCN ahead
2026-07-31102.8191.66-0.72WCN ahead
2026-07-30103.1991.06-0.42near the usual relationship
2026-07-29106.8994.64-0.52WCN ahead
2026-07-28105.7892.67-0.22near the usual relationship
2026-07-27105.9192.74-0.21near the usual relationship
2026-07-24105.9192.89-0.25near the usual relationship
2026-07-23106.1692.00+0.09near the usual relationship
2026-07-22105.7291.95-0.02near the usual relationship
2026-07-21104.8092.24-0.37near the usual relationship
2026-07-20107.6893.58+0.00near the usual relationship
2026-07-17108.5594.15+0.06near the usual relationship
2026-07-16109.6295.47-0.07near the usual relationship
2026-07-15106.1293.17-0.30near the usual relationship
2026-07-14107.4492.86+0.15near the usual relationship
2026-07-13109.0793.74+0.31near the usual relationship
2026-07-10107.0393.69-0.22near the usual relationship
2026-07-09106.7893.18-0.13near the usual relationship
2026-07-08107.6593.96-0.15near the usual relationship
2026-07-07108.6294.70-0.12near the usual relationship
2026-07-06104.7891.80-0.26near the usual relationship
2026-07-02106.1292.45-0.10near the usual relationship
2026-07-01104.8490.20+0.25near the usual relationship
2026-06-30104.0491.29-0.31near the usual relationship
2026-06-29104.8291.53-0.17near the usual relationship
2026-06-26105.6691.95-0.08near the usual relationship
2026-06-25104.2591.02-0.18near the usual relationship
2026-06-24104.2991.16-0.22near the usual relationship
2026-06-23102.1087.32+0.41near the usual relationship
2026-06-2299.7984.03+0.85RSG ahead
2026-06-18100.0784.32+0.83RSG ahead
2026-06-17101.2884.95+0.96RSG ahead
2026-06-16102.0786.02+0.83RSG ahead
2026-06-15101.6184.87+1.09RSG ahead
2026-06-12102.5085.49+1.13RSG ahead
2026-06-11101.5985.14+1.00RSG ahead
2026-06-10103.8087.09+0.97RSG ahead
2026-06-09102.6386.30+0.91RSG ahead
2026-06-08100.0684.18+0.90RSG ahead
2026-06-05102.5685.01+1.33RSG ahead
2026-06-04101.5284.31+1.28RSG ahead
2026-06-0399.7182.63+1.35RSG ahead
2026-06-0298.4781.65+1.34RSG ahead
2026-06-0198.0681.88+1.14RSG ahead
2026-05-2997.8781.61+1.19RSG ahead
2026-05-2899.4682.72+1.27RSG ahead
2026-05-27100.3982.99+1.46RSG ahead
2026-05-26101.1084.16+1.27RSG ahead
2026-05-22102.0285.27+1.15RSG ahead
2026-05-21101.6185.31+1.03RSG ahead
2026-05-20103.6185.97+1.39RSG ahead
2026-05-19104.9786.18+1.72RSG ahead
2026-05-18104.7587.03+1.38RSG ahead
2026-05-15101.7285.77+0.94RSG ahead
2026-05-14101.8984.84+1.33RSG ahead
2026-05-1399.4583.33+1.14RSG ahead
2026-05-1298.8282.83+1.14RSG ahead
2026-05-1196.5582.68+0.49near the usual relationship
2026-05-0897.6783.14+0.68RSG ahead
2026-05-0798.4184.10+0.57RSG ahead
2026-05-0697.5084.05+0.31near the usual relationship
2026-05-0599.5586.34+0.12near the usual relationship
2026-05-04100.8587.96-0.05near the usual relationship
2026-05-01100.8688.30-0.16near the usual relationship
2026-04-30102.1690.21-0.42near the usual relationship
2026-04-29101.7189.68-0.37near the usual relationship
2026-04-28101.6489.56-0.36near the usual relationship
2026-04-27100.6488.47-0.28near the usual relationship
2026-04-24102.4490.95-0.57WCN ahead
2026-04-23104.5192.49-0.47near the usual relationship
2026-04-22100.2485.71+0.57RSG ahead
2026-04-21100.2486.49+0.31near the usual relationship
2026-04-20101.7887.56+0.40near the usual relationship
2026-04-17101.4087.42+0.34near the usual relationship
2026-04-16102.3787.62+0.56RSG ahead
2026-04-15102.9687.51+0.77RSG ahead
2026-04-14103.3887.40+0.94RSG ahead
2026-04-13104.2488.56+0.80RSG ahead
2026-04-10104.8188.49+0.99RSG ahead
2026-04-09105.9689.70+0.92RSG ahead
2026-04-08105.7289.27+1.00RSG ahead
2026-04-07107.6189.81+1.36RSG ahead
2026-04-06107.8490.64+1.16RSG ahead
2026-04-02108.9890.95+1.38RSG ahead
2026-04-01107.7489.17+1.65RSG ahead
2026-03-31106.9488.96+1.51RSG ahead
2026-03-30108.2488.64+2.01RSG ahead
2026-03-27105.3985.44+2.34RSG ahead
2026-03-26106.0986.08+2.35RSG ahead
2026-03-25105.2586.01+2.16RSG ahead
2026-03-24105.1186.41+2.00RSG ahead
2026-03-23105.8388.88+1.34RSG ahead
2026-03-20107.0889.04+1.67RSG ahead
2026-03-19108.9090.27+1.79RSG ahead
2026-03-18108.3989.65+1.88RSG ahead
2026-03-17109.7591.48+1.65RSG ahead
2026-03-16109.4491.59+1.54RSG ahead
2026-03-13109.5191.19+1.71RSG ahead
2026-03-12110.2491.43+1.86RSG ahead
2026-03-11109.2791.29+1.65RSG ahead
2026-03-10109.1590.66+1.85RSG ahead
2026-03-09112.3794.05+1.62RSG ahead
2026-03-06112.8293.18+2.08RSG ahead
2026-03-05113.1293.50+2.08RSG ahead
2026-03-04113.0793.01+2.27RSG ahead
2026-03-03113.4194.51+1.86RSG ahead
2026-03-02112.4994.83+1.49RSG ahead
2026-02-27111.8294.27+1.50RSG ahead
2026-02-26109.6692.74+1.41RSG ahead
2026-02-25108.2091.24+1.52RSG ahead
2026-02-24107.7890.62+1.63RSG ahead
2026-02-23108.0089.27+2.24RSG ahead
2026-02-20107.1889.61+1.87RSG ahead
2026-02-19108.2290.94+1.71RSG ahead
2026-02-18105.8889.13+1.66RSG ahead
2026-02-17108.0088.32+2.70RSG ahead
2026-02-13108.9787.77+3.27RSG ahead
2026-02-12107.8586.30+3.56RSG ahead
2026-02-11110.3494.03+1.34RSG ahead
2026-02-10108.9293.46+1.10RSG ahead
2026-02-09109.4194.11+1.01RSG ahead
2026-02-06107.3992.66+0.91RSG ahead
2026-02-05106.8092.65+0.73RSG ahead
2026-02-04106.5492.71+0.64RSG ahead
2026-02-03104.4791.08+0.58RSG ahead
2026-02-02105.3492.06+0.51RSG ahead
2026-01-30105.0291.79+0.51RSG ahead
2026-01-29104.8691.58+0.54RSG ahead
2026-01-28106.2592.75+0.56RSG ahead
2026-01-27106.0592.86+0.47near the usual relationship
2026-01-26106.9793.81+0.43near the usual relationship
2026-01-23106.2593.22+0.42near the usual relationship
2026-01-22105.3593.18+0.18near the usual relationship
2026-01-21104.6391.18+0.64RSG ahead
2026-01-20102.8489.95+0.54RSG ahead
2026-01-16103.0191.52+0.07near the usual relationship
2026-01-15102.9291.80-0.04near the usual relationship
2026-01-14103.0290.25+0.50RSG ahead
2026-01-13102.3789.30+0.63RSG ahead
2026-01-12102.9591.03+0.24near the usual relationship
2026-01-09103.6291.08+0.42near the usual relationship
2026-01-08103.4592.12+0.05near the usual relationship
2026-01-07102.0992.29-0.37near the usual relationship
2026-01-06102.9995.45-1.08WCN ahead
2026-01-05103.9395.26-0.75WCN ahead
2026-01-02102.6495.36-1.13WCN ahead
2025-12-31103.4896.04-1.09WCN ahead
2025-12-30104.8397.56-1.17WCN ahead
2025-12-29104.7597.78-1.24WCN ahead
2025-12-26104.1897.56-1.33WCN ahead
2025-12-24104.1097.39-1.29WCN ahead
2025-12-23104.0397.31-1.28WCN ahead
2025-12-22103.9696.93-1.18WCN ahead
2025-12-19104.0795.94-0.86WCN ahead
2025-12-18104.2396.18-0.88WCN ahead
2025-12-17104.8596.39-0.76WCN ahead
2025-12-16104.5096.40-0.84WCN ahead
2025-12-15105.1496.64-0.73WCN ahead
2025-12-12104.3294.54-0.34near the usual relationship
2025-12-11103.1293.84-0.44near the usual relationship
2025-12-10101.3592.01-0.36near the usual relationship
2025-12-09102.2192.18-0.18near the usual relationship
2025-12-08103.2493.32-0.23near the usual relationship
2025-12-05105.7394.80-0.02near the usual relationship
2025-12-04105.0494.88-0.19near the usual relationship
2025-12-03105.1695.43-0.29near the usual relationship
2025-12-02103.8494.90-0.44near the usual relationship
2025-12-01104.5395.38-0.39near the usual relationship
2025-11-28105.9996.69-0.37near the usual relationship
2025-11-26106.1496.95-0.39near the usual relationship
2025-11-25106.0096.66-0.34near the usual relationship
2025-11-24105.0694.82-0.10near the usual relationship
2025-11-21106.9396.00+0.02near the usual relationship
2025-11-20106.6695.03+0.20near the usual relationship
2025-11-19106.1995.66-0.03near the usual relationship
2025-11-18104.4794.28-0.06near the usual relationship
2025-11-17102.4592.72-0.12near the usual relationship
2025-11-14102.4492.35-0.02near the usual relationship
2025-11-13100.6091.67-0.25near the usual relationship
2025-11-12100.1792.44-0.51WCN ahead
2025-11-11101.1491.70-0.13near the usual relationship
2025-11-1099.6790.88-0.24near the usual relationship
2025-11-07100.3991.01-0.11near the usual relationship
2025-11-0699.7290.53-0.13near the usual relationship
2025-11-05100.8090.89+0.02near the usual relationship
2025-11-04101.4492.40-0.18near the usual relationship
2025-11-03100.2390.78-0.06near the usual relationship
2025-10-31101.6891.83+0.01near the usual relationship
2025-10-30102.5093.64-0.21near the usual relationship
2025-10-29102.7892.24+0.14near the usual relationship
2025-10-28106.3195.37+0.16near the usual relationship
2025-10-27107.9395.72+0.39near the usual relationship
2025-10-24108.9396.83+0.35near the usual relationship
2025-10-23108.9496.83+0.36near the usual relationship
2025-10-22109.0297.74+0.20near the usual relationship
2025-10-21107.8895.18+0.51RSG ahead
2025-10-20107.4995.29+0.43near the usual relationship
2025-10-17107.3394.73+0.52RSG ahead
2025-10-16106.5693.56+0.62RSG ahead
2025-10-15107.9292.96+0.98RSG ahead
2025-10-14109.6194.50+0.97RSG ahead
2025-10-13108.9194.19+0.92RSG ahead
2025-10-10109.9494.66+1.01RSG ahead
2025-10-09108.2593.21+1.01RSG ahead
2025-10-08110.0395.12+0.95RSG ahead
2025-10-07108.7694.99+0.77RSG ahead
2025-10-06108.9795.37+0.74RSG ahead
2025-10-03109.4595.52+0.80RSG ahead
2025-10-02108.6894.76+0.82RSG ahead
2025-10-01110.9895.90+0.99RSG ahead
2025-09-30112.0596.28+1.10RSG ahead
2025-09-29111.8595.45+1.23RSG ahead
2025-09-26111.4394.42+1.36RSG ahead
2025-09-25110.7793.82+1.38RSG ahead
2025-09-24111.0494.33+1.34RSG ahead
2025-09-23111.1094.21+1.38RSG ahead
2025-09-22110.4894.73+1.19RSG ahead
2025-09-19110.8195.27+1.15RSG ahead
2025-09-18110.7096.06+1.00RSG ahead
2025-09-17110.4894.93+1.18RSG ahead
2025-09-16110.0295.06+1.09RSG ahead
2025-09-15111.4096.15+1.11RSG ahead
2025-09-12111.5696.42+1.10RSG ahead
2025-09-11113.3897.56+1.18RSG ahead
2025-09-10111.5896.50+1.10RSG ahead
2025-09-09111.8597.27+1.02RSG ahead
2025-09-08111.3997.69+0.88RSG ahead
2025-09-05112.1798.19+0.92RSG ahead
2025-09-04114.1899.27+1.04RSG ahead
2025-09-03113.5298.95+1.00RSG ahead
2025-09-02113.83100.14+0.85RSG ahead
2025-08-29114.24101.21+0.74RSG ahead
2025-08-28113.82100.35+0.83RSG ahead
2025-08-27114.70100.35+0.97RSG ahead
2025-08-26114.42100.15+0.97RSG ahead
2025-08-25113.3999.78+0.88RSG ahead
2025-08-22114.41101.19+0.80RSG ahead
2025-08-21114.96102.12+0.74RSG ahead
2025-08-20115.29101.75+0.85RSG ahead
2025-08-19114.65101.96+0.73RSG ahead
2025-08-18113.49101.22+0.69RSG ahead
2025-08-15113.70101.19+0.73RSG ahead
2025-08-14113.53101.17+0.72RSG ahead
2025-08-13113.64101.72+0.65RSG ahead
2025-08-12114.03102.63+0.57RSG ahead
2025-08-11115.74104.37+0.54RSG ahead
2025-08-08114.85102.90+0.65RSG ahead
2025-08-07115.05103.00+0.67RSG ahead
2025-08-06115.00102.88+0.69RSG ahead
2025-08-05113.32102.31+0.54RSG ahead
2025-08-04113.14102.61+0.48near the usual relationship
2025-08-01112.90102.17+0.52RSG ahead
2025-07-31112.62102.23+0.48near the usual relationship
2025-07-30113.13103.61+0.34near the usual relationship
2025-07-29120.12105.06+1.08RSG ahead
2025-07-28117.88101.89+1.28RSG ahead
2025-07-25119.71102.38+1.46RSG ahead
2025-07-24119.68103.09+1.36RSG ahead
2025-07-23118.78101.00+1.58RSG ahead
2025-07-22118.32101.19+1.50RSG ahead
2025-07-21117.2199.68+1.61RSG ahead
2025-07-18117.43100.02+1.60RSG ahead
2025-07-17117.2799.80+1.63RSG ahead
2025-07-16117.85100.13+1.67RSG ahead
2025-07-15118.10100.56+1.65RSG ahead
2025-07-14119.22101.01+1.75RSG ahead
2025-07-11117.78100.43+1.66RSG ahead
2025-07-10117.2399.68+1.72RSG ahead
2025-07-09117.4499.71+1.76RSG ahead
2025-07-08116.8599.23+1.77RSG ahead
2025-07-07118.4099.79+1.92RSG ahead
2025-07-03117.7498.98+1.98RSG ahead
2025-07-02116.0697.54+2.01RSG ahead
2025-07-01119.47101.79+1.80RSG ahead
2025-06-30120.42101.79+1.96RSG ahead
2025-06-27119.32101.81+1.82RSG ahead
2025-06-26119.49102.68+1.71RSG ahead
2025-06-25119.08101.69+1.84RSG ahead
2025-06-24122.44103.04+2.11RSG ahead
2025-06-23122.40102.75+2.19RSG ahead
2025-06-20121.19101.71+2.22RSG ahead
2025-06-18121.23102.49+2.12RSG ahead
2025-06-17121.57102.80+2.14RSG ahead
2025-06-16121.33102.45+2.20RSG ahead
2025-06-13122.69104.42+2.08RSG ahead
2025-06-12122.97104.85+2.08RSG ahead
2025-06-11121.21103.68+2.05RSG ahead
2025-06-10121.09103.41+2.10RSG ahead
2025-06-09121.78103.50+2.22RSG ahead
2025-06-06123.52104.17+2.40RSG ahead
2025-06-05123.61105.19+2.26RSG ahead
2025-06-04124.08104.89+2.43RSG ahead
2025-06-03125.22105.86+2.47RSG ahead
2025-06-02126.01107.51+2.32RSG ahead
2025-05-30125.63107.94+2.22RSG ahead
2025-05-29124.24106.46+2.30RSG ahead
2025-05-28124.06107.05+2.19RSG ahead
2025-05-27124.47107.58+2.19RSG ahead
2025-05-23123.47107.80+2.01RSG ahead
2025-05-22122.56106.74+2.09RSG ahead
2025-05-21123.14107.30+2.11RSG ahead
2025-05-20123.14107.35+2.12RSG ahead
2025-05-19122.25105.90+2.29RSG ahead
2025-05-16120.99105.10+2.26RSG ahead
2025-05-15119.61104.58+2.15RSG ahead
2025-05-14116.25102.02+2.10RSG ahead
2025-05-13116.21101.74+2.18RSG ahead
2025-05-12117.90102.18+2.44RSG ahead
2025-05-09121.38106.95+2.10RSG ahead
2025-05-08121.74107.10+2.17RSG ahead
2025-05-07122.95108.65+2.10RSG ahead
2025-05-06122.49108.64+2.04RSG ahead
2025-05-05122.43108.39+2.11RSG ahead
2025-05-02122.32108.32+2.13RSG ahead
2025-05-01121.78107.44+2.24RSG ahead
2025-04-30122.44108.23+2.22RSG ahead
2025-04-29120.95107.08+2.21RSG ahead
2025-04-28120.17106.29+2.27RSG ahead
2025-04-25118.93106.50+1.99RSG ahead
2025-04-24117.56107.73+1.45RSG ahead
2025-04-23117.86107.16+1.65RSG ahead
2025-04-22118.44108.38+1.51RSG ahead
2025-04-21116.39106.56+1.51RSG ahead
2025-04-17118.79108.09+1.68RSG ahead
2025-04-16118.95107.65+1.83RSG ahead
2025-04-15119.63107.33+2.08RSG ahead
2025-04-14119.90107.22+2.19RSG ahead
2025-04-11119.10106.63+2.19RSG ahead
2025-04-10117.30105.05+2.21RSG ahead
2025-04-09116.83105.64+1.99RSG ahead
2025-04-08110.94100.36+2.00RSG ahead
2025-04-07112.76101.18+2.25RSG ahead
2025-04-04114.95102.38+2.48RSG ahead
2025-04-03121.31109.50+2.15RSG ahead
2025-04-02119.54107.68+2.24RSG ahead
2025-04-01119.00107.62+2.16RSG ahead
2025-03-31118.24106.89+2.20RSG ahead
2025-03-28116.47105.60+2.15RSG ahead
2025-03-27117.08106.19+2.17RSG ahead
2025-03-26116.09105.01+2.28RSG ahead
2025-03-25116.11105.64+2.14RSG ahead
2025-03-24115.23104.56+2.25RSG ahead
2025-03-21113.94103.68+2.19RSG ahead
2025-03-20114.68103.98+2.33RSG ahead
2025-03-19114.53104.44+2.19RSG ahead
2025-03-18114.28102.73+2.65RSG ahead
2025-03-17115.12102.90+2.87RSG ahead
2025-03-14113.29101.47+2.86RSG ahead
2025-03-13111.95100.34+2.90RSG ahead
2025-03-12112.61100.31+3.16RSG ahead
2025-03-11113.14100.88+3.21RSG ahead
2025-03-10113.92101.99+3.14RSG ahead
2025-03-07114.35103.15+2.95RSG ahead
2025-03-06113.03101.73+3.10RSG ahead
2025-03-05115.12103.99+3.04RSG ahead
2025-03-04115.21104.43+2.98RSG ahead
2025-03-03117.00105.13+3.37RSG ahead
2025-02-28115.73103.92+3.49RSG ahead
2025-02-27113.62102.04+3.57RSG ahead
2025-02-26113.07102.89+3.15RSG ahead
2025-02-25114.02103.49+3.31RSG ahead
2025-02-24113.63102.93+3.47RSG ahead
2025-02-21112.73102.62+3.35RSG ahead
2025-02-20112.72102.88+3.31RSG ahead
2025-02-19112.14102.86+3.18RSG ahead
2025-02-18111.60102.77+3.08RSG ahead
2025-02-14112.97103.53+3.37RSG ahead
2025-02-13109.61103.42+2.18RSG ahead
2025-02-12109.13104.04+1.76RSG ahead
2025-02-11109.01104.01+1.74RSG ahead
2025-02-10108.45103.82+1.61RSG ahead
2025-02-07107.94104.18+1.28RSG ahead
2025-02-06108.19103.65+1.61RSG ahead
2025-02-05107.91103.27+1.67RSG ahead
2025-02-04107.05102.73+1.57RSG ahead
2025-02-03107.94102.59+2.01RSG ahead
2025-01-31105.89100.64+2.04RSG ahead
2025-01-30106.62102.17+1.69RSG ahead
2025-01-29103.6798.93+1.90RSG ahead
2025-01-28105.50100.20+2.13RSG ahead
2025-01-27105.2699.46+2.40RSG ahead
2025-01-24103.4397.32+2.64RSG ahead
2025-01-23103.6598.24+2.34RSG ahead
2025-01-22103.7597.73+2.67RSG ahead
2025-01-21104.9597.96+3.17RSG ahead
2025-01-17104.3697.61+3.14RSG ahead
2025-01-16103.4897.55+2.81RSG ahead
2025-01-15102.4296.77+2.76RSG ahead
2025-01-14101.0795.97+2.55RSG ahead
2025-01-13101.1896.76+2.22RSG ahead
2025-01-10100.7395.73+2.58RSG ahead
2025-01-08101.0596.37+2.45RSG ahead
2025-01-0799.1594.45+2.54RSG ahead
2025-01-0698.1294.14+2.20RSG ahead
2025-01-0398.1693.61+2.57RSG ahead
2025-01-0297.7093.04+2.69RSG ahead
2024-12-3198.2393.96+2.48RSG ahead
2024-12-3098.2493.74+2.67RSG ahead
2024-12-2799.0693.80+3.18RSG ahead
2024-12-2699.6694.10+3.42RSG ahead
2024-12-2499.6894.58+3.21RSG ahead
2024-12-2398.7693.68+3.31RSG ahead
2024-12-2099.4895.44+2.66RSG ahead
2024-12-1999.5895.36+2.84RSG ahead
2024-12-1899.3595.65+2.54RSG ahead
2024-12-17100.4096.53+2.68RSG ahead
2024-12-16101.6397.52+2.86RSG ahead
2024-12-13102.0498.55+2.48RSG ahead
2024-12-12102.60100.90+1.30RSG ahead
2024-12-11102.71101.23+1.15RSG ahead
2024-12-10103.36101.75+1.20RSG ahead
2024-12-09103.68102.01+1.21RSG ahead
2024-12-06105.80104.24+1.11RSG ahead
2024-12-05105.21104.22+0.76RSG ahead
2024-12-04105.25104.61+0.54RSG ahead
2024-12-03104.88104.90+0.13near the usual relationship
2024-12-02104.96104.51+0.38near the usual relationship
2024-11-29106.59105.41+0.75RSG ahead
2024-11-27106.58105.79+0.50RSG ahead
2024-11-26106.81105.83+0.57RSG ahead
2024-11-25106.38105.59+0.45near the usual relationship
2024-11-22105.85103.98+0.96RSG ahead
2024-11-21104.52103.51+0.51RSG ahead
2024-11-20103.82102.15+0.81RSG ahead
2024-11-19102.98102.68+0.16near the usual relationship
2024-11-18102.09101.87+0.11near the usual relationship
2024-11-15101.58100.49+0.51RSG ahead
2024-11-14102.28100.62+0.76RSG ahead
2024-11-13104.82102.68+0.93RSG ahead
2024-11-12103.63102.74+0.36near the usual relationship
2024-11-11103.43101.51+0.79RSG ahead
2024-11-08103.32100.79+1.04RSG ahead
2024-11-07101.6099.62+0.81RSG ahead
2024-11-06101.1198.25+1.19RSG ahead
2024-11-0598.7097.91+0.30near the usual relationship
2024-11-0497.9497.28+0.24near the usual relationship
2024-11-0196.9696.91-0.03near the usual relationship
2024-10-3196.6896.80-0.11near the usual relationship
2024-10-3097.0897.33-0.17near the usual relationship
2024-10-2999.7698.81+0.35near the usual relationship
2024-10-2897.8696.88+0.37near the usual relationship
2024-10-2597.5796.28+0.52RSG ahead
2024-10-2498.4097.79+0.22near the usual relationship
2024-10-2399.6098.77+0.31near the usual relationship
2024-10-2299.5799.32+0.08near the usual relationship
2024-10-2199.6699.51+0.05near the usual relationship
2024-10-18100.00100.00-0.01near the usual relationship

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jul 30, 2025 (RSG -5.8%, WCN -1.4%); Feb 12, 2026 (RSG -2.3%, WCN -8.2%); Oct 22, 2026 (RSG +5.0%, WCN +9.9%). Upcoming earnings: RSG Oct 29, 2026 (after-hours).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

2 simulated trades to Oct 20, 2026: -3.80% per trade on average after costs, 0 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long WCN · Short RSGDec 16, 2024Jan 17, 2025divergence stop32-$195.16-$47.92-$248.84 (-2.49%)
Long WCN · Short RSGAug 17, 2021Oct 25, 2021divergence stop69-$415.62-$75.27-$511.36 (-5.11%)

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

RSG and WCN at a glance

RSG Republic Services Inc.

Listing
NYSE · SEC CIK 1060391
Industry
Environmental Services · SIC 4953 Refuse Systems
Market value
$70.1B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

WCN Waste Connections Inc.

Listing
NYSE · SEC CIK 1318220
Industry
Environmental Services · SIC 4953 Refuse Systems
Market value
$42.3B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
WM / RSGWatchlistRSG by 1.08 sdEnvironmental Services
WM / WCNWatchlistWCN by 0.74 sdEnvironmental Services

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.