Wave Competitors

6895 Stock

182.00 6.50 3.70%

Wave Power Technology competes with STL Technology, I Sheng, Amtran Technology, Dah San, and P Duke; as well as few others. Analyzing Wave Power competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Wave Power to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Wave Power competition on your existing holdings.

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Wave Power Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Wave Power and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Wave and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Wave Power Technology does not affect the price movement of the other competitor.

	4931	6115	2489	6933	1615	8109	6788	2420	3003	6940
4931		0.59	0.3	-0.47	0.76	0.18	0.72	0.18	-0.33	-0.57	4931
6115	0.59		0.04	-0.29	0.44	-0.02	0.35	0.14	0.16	0.12	6115
2489	0.3	0.04		-0.57	0.38	0.2	0.49	-0.16	-0.21	-0.37	2489
6933	-0.47	-0.29	-0.57		-0.61	0.09	-0.48	0.47	0.43	0.44	6933
1615	0.76	0.44	0.38	-0.61		0.16	0.54	-0.13	-0.59	-0.54	1615
8109	0.18	-0.02	0.2	0.09	0.16		0.25	0.08	-0.09	-0.33	8109
6788	0.72	0.35	0.49	-0.48	0.54	0.25		0.08	-0.28	-0.58	6788
2420	0.18	0.14	-0.16	0.47	-0.13	0.08	0.08		0.54	0.09	2420
3003	-0.33	0.16	-0.21	0.43	-0.59	-0.09	-0.28	0.54		0.66	3003
6940	-0.57	0.12	-0.37	0.44	-0.54	-0.33	-0.58	0.09	0.66		6940
	4931	6115	2489	6933	1615	8109	6788	2420	3003	6940

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High positive correlations

1615	+ 0.76	4931
6788	+ 0.72	4931
6940	+ 0.66	3003
6115	+ 0.59	4931
6788	+ 0.54	1615
3003	+ 0.54	2420

High negative correlations

1615	- 0.61	6933
3003	- 0.59	1615
6940	- 0.58	6788
6933	- 0.57	2489
6940	- 0.57	4931
6940	- 0.54	1615

Risk-Adjusted Indicators

There is a big difference between Wave Stock performing well and Wave Power Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Wave Power's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
4931	2.91	0.11	0.03	0.19	3.51	(3.12)	6.45	(5.78)	19.16
6115	0.29	(0.04)	0.00	9.01	0.00	0.00	0.74	(0.83)	1.91
2489	1.88	0.12	0.03	0.33	2.32	(2.31)	4.44	(3.18)	15.77
6933	2.34	(0.29)	0.00	(1.13)	0.00	0.00	6.71	(5.68)	15.98
1615	0.72	(0.01)	(0.10)	0.05	0.73	(0.97)	1.98	(1.33)	5.15
8109	1.00	0.01	(0.04)	0.13	0.96	(1.38)	2.82	(1.92)	6.26
6788	2.34	0.44	0.14	0.62	2.52	(2.93)	4.62	(4.53)	16.96
2420	0.90	(0.07)	0.00	(0.28)	0.00	0.00	1.65	(1.56)	8.45
3003	1.08	(0.19)	0.00	(0.32)	0.00	0.00	2.65	(2.20)	6.25
6940	1.38	(0.32)	0.00	(7.35)	0.00	0.00	3.94	(3.37)	10.16

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All Fundamental Data

Wave Power Competitive Analysis

The better you understand Wave Power competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Wave Power's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Wave Power's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	6895	4931	6115	2489	6933	1615	8109	6788	2420	3003
	3.70 182.00 Wave	2.40 171.00 STL	0.11 46.75 6115	0.95 15.65 Amtran	1.02 149.00 Amax	1.13 48.30 Dah	2.94 105.00 8109	0.73 344.50 Brillian	0.20 50.00 Zippy	0.43 46.10 3003
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Weakest	Fair	Weakest	Weakest	Weakest	Soft	Mild	Good	Weakest	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Small	Low	Small	Unknown	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued	Over Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Sell	Cautious Hold	Cautious Hold	Strong Sell	Cautious Hold	Strong Buy	Strong Buy	Hold	Hold
Current Ratio		N/A	2.11	2.42		1.74	1.72	3.35	2.09	3.29
Net Asset		1.38 B	8.74 B	26.74 B		3.55 B	4.03 B	N/A	5.7 B	8.33 B
Profit Margin		0.059	0.11	-0.15		0.0946	0.41	21.7	0.25	0.2
EBITDA		(6.48 M)	823.05 M	6.82 B		567.44 M	535.62 M	243.94 M	828.76 M	1.22 B
Operating Margin		0.0365	0.085	0.0027		0.0954	0.32	27.8	0.26	0.21
Current Valuation		2.98 B	6.56 B	(1.88 B)		4.54 B	5.4 B	7.17 B	6.58 B	9.52 B
Price To Book		3.0	1.58	0.56		1.8	2.84	8.92	1.71	1.93
Retained Earnings		N/A	2.13 B	3.51 B		334 M	N/A	N/A	1.02 B	1.9 B
Current Asset		N/A	6.82 B	19.98 B		978 M	N/A	N/A	2.89 B	4.12 B
Five Year Return		N/A	7.03	N/A		3.86	5.69	N/A	7.48	2.76
Beta		0.27	0.22	1.0		0.5	0.45	N/A	0.49	1.13
Number Of Employees		2	14	3.51 K		11	13	N/A	17	20
Shares Outstanding		63.97 M	187.66 M	798 M		148.84 M	77.06 M	30.25 M	152.65 M	155.66 M
Cash Flow From Operations		(418.94 M)	29.25 M	886.33 M		828.17 M	429.61 M	174.23 M	777.32 M	58.01 M
Annual Yield		0.0229	0.0651	0.0732		0.0597	0.0456	N/A	0.0732	0.0283
Total Debt		N/A	1.86 B	5.9 M		186.84 M	592.56 M	70.48 M	1.16 B	352.99 M
Return On Equity		0.16	0.17	-0.18		0.17	0.32	23.25	0.2	0.18
Z Score		1.0	2.4	N/A		15.4	6.6	58.2	3.0	18.6
Return On Asset		0.0361	0.0478	0.0013		0.0711	0.0779	13.44	0.0755	0.0861
Book Value Per Share		16.89	26.8	17.47		15.87	30.95	25.5	23.11	37.53
Current Liabilities		N/A	2.97 B	9.85 B		707 M	N/A	N/A	2.18 B	872 M
Total Asset		1.38 B	8.74 B	26.74 B		3.55 B	4.03 B	N/A	5.7 B	8.33 B
Debt To Equity		N/A	39.3	0.067		34.5	0.71	0.082	0.44	20.5
Target Price		N/A	41.75	22.96		N/A	N/A	N/A	43.0	100.0
Last Dividend Paid		N/A	2.8	0.71		1.85	4.0	4.0	3.0	2.0
Shares Owned By Institutions		6.24	0.82	7.2		N/A	1.33	N/A	1.3	1.92
Market Capitalization		3.21 B	8.08 B	8.02 B		4.59 B	6.73 B	6.88 B	6.27 B	11.07 B
Price To Earning		N/A	13.8	63.82		9.38	14.77	45.9	13.53	13.24
Price To Sales		1.28	1.04	0.41		1.0	3.91	8.37	2.24	2.22
Net Income		(39.67 M)	507.48 M	5.02 B		451.3 M	387.08 M	178.46 M	582.52 M	775 M
Earnings Per Share		2.55	4.28	-3.78		2.69	8.56	4.96	4.48	6.48
Shares Owned By Insiders		37.39	46.74	14.05		66.33	36.61	35.2	33.69	28.6
Revenue		1.49 B	7.73 B	22.23 B		4.52 B	1.51 B	822.43 M	2.66 B	4.79 B
Working Capital		N/A	3.85 B	10.13 B		271 M	N/A	N/A	714 M	3.25 B
Cash And Equivalents		N/A	4.17 B	8.41 B		185.33 M	1.47 B	528.82 M	980.5 M	2.52 B
Cash Per Share		N/A	22.2	10.55		1.66	20.68	16.74	6.42	16.19
Gross Profit		154.1 M	1.19 B	1.82 B		657.26 M	727.8 M	376.19 M	1.03 B	1.7 B
Day Typical Price	179.33	173.17	46.72	15.67	148.17	48.42	103.83	344.5	49.95	46.1
Accumulation Distribution	0.044	0.0693	0.0021	0.0467	0.03	0.0154	0.0333	0.0646	0.0149	0.0341
Market Facilitation Index	8.0	12.5	0.1	0.75	4.5	0.75	3.5	23.0	0.75	1.6
Daily Balance Of Power	0.8125	0.32	0.5	(0.20)	0.3333	(0.73)	0.8571	0.1087	(0.13)	(0.12)
Period Momentum Indicator	6.5	4.0	0.05	(0.15)	1.5	(0.55)	3.0	2.5	(0.10)	(0.20)
Rate Of Daily Change	1.04	1.02	1.0	0.99	1.01	0.99	1.03	1.01	1.0	1.0
Day Median Price	178.0	174.25	46.7	15.68	147.75	48.48	103.25	344.5	49.93	46.1
Price Action Indicator	7.25	(1.25)	0.075	(0.10)	2.0	(0.45)	3.25	1.25	0.025	(0.10)
Coefficient Of Variation	(606.50)	1818.26	(1,375)	1696.63	(1,256)	5278.01	2565.5	599.18	(3,129)	(1,025)
Mean Deviation	2.48	2.91	0.2937	1.88	2.34	0.7215	1.0	2.34	0.8986	1.08
Jensen Alpha	(0.63)	0.1105	(0.04)	0.1159	(0.29)	(0.01)	0.0144	0.4398	(0.07)	(0.19)
Total Risk Alpha	(0.92)	(0.23)	(0.09)	(0.16)	(0.65)	(0.11)	(0.11)	0.1567	(0.21)	(0.31)
Sortino Ratio	N/A	0.0303	N/A	0.0286	N/A	(0.1)	(0.04)	0.1415	N/A	N/A
Downside Variance	N/A	14.85	N/A	6.25	N/A	0.6085	1.13	9.02	N/A	N/A
Standard Deviation	3.27	3.84	0.4078	2.81	3.29	1.01	1.36	3.11	1.38	1.41
Kurtosis	0.4206	0.6489	0.9072	3.99	1.84	2.26	0.7327	1.17	9.45	(0.06)
Potential Upside	4.29	6.45	0.7431	4.44	6.71	1.98	2.82	4.62	1.65	2.65
Treynor Ratio	(0.57)	0.187	9.01	0.3296	(1.13)	0.0494	0.1267	0.6182	(0.28)	(0.32)
Maximum Drawdown	16.72	19.16	1.91	15.77	15.98	5.15	6.26	16.96	8.45	6.25
Variance	10.71	14.74	0.1663	7.9	10.84	1.03	1.84	9.68	1.91	1.98
Market Risk Adjusted Performance	(0.56)	0.197	9.02	0.3396	(1.12)	0.0594	0.1367	0.6282	(0.27)	(0.31)
Risk Adjusted Performance	(0.11)	0.049	(0.06)	0.0512	(0.05)	0.0168	0.0335	0.1317	(0.02)	(0.07)
Skewness	(0.35)	0.3572	0.2439	0.7117	0.729	1.23	0.9069	0.1038	0.1599	0.1307
Semi Deviation	N/A	3.51	N/A	2.32	N/A	0.7266	0.965	2.52	N/A	N/A
Information Ratio	(0.19)	0.0304	(0.30)	0.0254	(0.11)	(0.07)	(0.03)	0.1366	(0.10)	(0.16)
Value At Risk	(6.84)	(5.78)	(0.83)	(3.18)	(5.68)	(1.33)	(1.92)	(4.53)	(1.56)	(2.20)
Expected Short fall	N/A	(3.12)	N/A	(2.31)	N/A	(0.97)	(1.38)	(2.93)	N/A	N/A
Downside Deviation	N/A	3.85	N/A	2.5	N/A	0.7801	1.06	3.0	N/A	N/A
Semi Variance	N/A	12.31	N/A	5.39	N/A	0.528	0.9311	6.37	N/A	N/A

Wave Power Competition Performance Charts

Five steps to successful analysis of Wave Power Competition

Wave Power's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Wave Power Technology in relation to its competition. Wave Power's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Wave Power in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Wave Power's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Wave Power Technology, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Additional Tools for Wave Stock Analysis

When running Wave Power's price analysis, check to measure Wave Power'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 Wave Power is operating at the current time. Most of Wave Power's value examination focuses on studying past and present price action to predict the probability of Wave Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wave Power's price. Additionally, you may evaluate how the addition of Wave Power to your portfolios can decrease your overall portfolio volatility.

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