Eco Wave Power Stock Performance
| WAVE Stock | USD 10.99 0.39 3.68% |
Eco Wave holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.78, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eco Wave are expected to decrease at a much lower rate. During the bear market, Eco Wave is likely to outperform the market. Use Eco Wave potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Eco Wave.
Risk-Adjusted Performance
15 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Eco Wave Power are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of rather fragile basic indicators, Eco Wave exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 7.4 | Five Day Return 7.07 | Year To Date Return 601.99 | Ten Year Return (2.30) | All Time Return (13.82) |
Last Split Factor 1:7 | Last Split Date 2010-06-21 |
1 | Allied Telesis Launches Plug-In for Hanwha Vision America Wisenet WAVE VMS | 09/23/2024 |
2 | Eco Wave Power Signs a Wave Energy Power Station Sale Agreement with Taiwanese Lian Tat for its First Onshore Wave Energy Project in Asia | 10/07/2024 |
3 | Following the Signing of the Power Station Sale Agreement with Lian Tat, Eco Wave Powers CEO Arrives for an Official Site Visit on the East Coast of Taiwan | 10/10/2024 |
4 | Eco Wave Power Strengthens Management - Appoints New Vice President of Engineering to Accelerate Execution of the Companys Projects in the USA, Taiwan and Portu... | 11/04/2024 |
5 | Eco Wave Power Receives Final Permit from U.S. Army Corps of Engineers for U.S. First Wave Energy Project, at Port of Los Angeles | 11/18/2024 |
6 | Why Symbotic Shares Are Trading Higher By Over 28 Here Are 20 Stocks Moving Premarket | 11/19/2024 |
7 | Eco Wave Power Announces Q3 Results Power Station Sale in Taiwan will Boost Q4 Revenues, 83 percent Energy Goal Reached in Israel, U.S. License Secured, and Sha... | 11/21/2024 |
8 | EXCLUSIVE Eco Wave Power, EDF Renewables IL And Tel Aviv Partner To Launch Israels First Wave Energy Power Plant At Jaffa Port | 11/26/2024 |
| Begin Period Cash Flow | 5.3 M |
Eco |
Eco Wave Relative Risk vs. Return Landscape
If you would invest 397.00 in Eco Wave Power on September 4, 2024 and sell it today you would earn a total of 702.00 from holding Eco Wave Power or generate 176.83% return on investment over 90 days. Eco Wave Power is currently generating 2.1797% in daily expected returns and assumes 11.1844% risk (volatility on return distribution) over the 90 days horizon. In different words, 99% of stocks are less volatile than Eco, and 57% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Eco Wave Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eco Wave's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Eco Wave Power, and traders can use it to determine the average amount a Eco Wave's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1949
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | WAVE | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 11.18 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.18 actual daily | 43 57% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Eco Wave is performing at about 15% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Eco Wave by adding it to a well-diversified portfolio.
Eco Wave Fundamentals Growth
Eco Stock prices reflect investors' perceptions of the future prospects and financial health of Eco Wave, and Eco Wave fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Eco Stock performance.
| Return On Equity | -0.27 | ||||
| Return On Asset | -0.15 | ||||
| Operating Margin | (7.69) % | ||||
| Current Valuation | 48.96 M | ||||
| Shares Outstanding | 5.55 M | ||||
| Price To Earning | (0.01) X | ||||
| Price To Book | 8.86 X | ||||
| Price To Sales | 192.23 X | ||||
| Revenue | 306 K | ||||
| Gross Profit | 4 K | ||||
| EBITDA | (1.62 M) | ||||
| Net Income | (1.87 M) | ||||
| Cash And Equivalents | 12.32 M | ||||
| Cash Per Share | 2.22 X | ||||
| Total Debt | 1.2 M | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 6.10 X | ||||
| Book Value Per Share | 1.43 X | ||||
| Cash Flow From Operations | (2.6 M) | ||||
| Earnings Per Share | (0.41) X | ||||
| Market Capitalization | 58.82 M | ||||
| Total Asset | 10.01 M | ||||
| Retained Earnings | (12.99 M) | ||||
| Working Capital | 6.63 M | ||||
| Current Asset | 2.66 M | ||||
| Current Liabilities | 9.54 M | ||||
About Eco Wave Performance
By analyzing Eco Wave's fundamental ratios, stakeholders can gain valuable insights into Eco Wave's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Eco Wave has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Eco Wave has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 1.1 K | 1.2 K | |
| Return On Tangible Assets | (0.17) | (0.18) | |
| Return On Capital Employed | (0.31) | (0.32) | |
| Return On Assets | (0.17) | (0.18) | |
| Return On Equity | (0.22) | (0.20) |
Things to note about Eco Wave Power performance evaluation
Checking the ongoing alerts about Eco Wave for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Eco Wave Power help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Eco Wave Power is way too risky over 90 days horizon | |
| Eco Wave Power appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 306 K. Net Loss for the year was (1.87 M) with profit before overhead, payroll, taxes, and interest of 4 K. | |
| Eco Wave Power currently holds about 12.32 M in cash with (2.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.22. | |
| Eco Wave Power has a poor financial position based on the latest SEC disclosures | |
| Latest headline from benzinga.com: EXCLUSIVE Eco Wave Power, EDF Renewables IL And Tel Aviv Partner To Launch Israels First Wave Energy Power Plant At Jaffa Port |
- Analyzing Eco Wave's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Eco Wave's stock is overvalued or undervalued compared to its peers.
- Examining Eco Wave's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Eco Wave's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Eco Wave's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Eco Wave's stock. These opinions can provide insight into Eco Wave's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Eco Stock analysis
When running Eco Wave's price analysis, check to measure Eco Wave'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 Eco Wave is operating at the current time. Most of Eco Wave's value examination focuses on studying past and present price action to predict the probability of Eco Wave's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eco Wave's price. Additionally, you may evaluate how the addition of Eco Wave to your portfolios can decrease your overall portfolio volatility.
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |