Eco Competitors
| WAVE Stock | USD 4.89 0.11 2.20% |
Eco Wave vs OPAL Fuels Correlation
Significant diversification
The correlation between Eco Wave Power and OPAL is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eco Wave Power and OPAL in the same portfolio, assuming nothing else is changed.
Moving together with Eco Stock
Moving against Eco Stock
| 0.93 | RNI | OXFORD METRICS LS | PairCorr |
| 0.78 | TRB | Tribal Group plc | PairCorr |
| 0.68 | JG | Aurora Mobile | PairCorr |
| 0.59 | ZM | Zoom Video Communications Earnings Call Tomorrow | PairCorr |
| 0.58 | LUS1 | Lang Schwarz Aktieng | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eco Wave's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Eco Wave Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Eco Wave 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 Eco 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 Eco Wave Power does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Eco Stock performing well and Eco Wave 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 Eco Wave'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RAIN | 5.03 | (0.89) | 0.00 | (1.19) | 0.00 | 12.96 | 48.65 | |||
| SUUN | 5.48 | (0.88) | 0.00 | (0.54) | 0.00 | 12.94 | 31.90 | |||
| ADN | 7.53 | (1.93) | 0.00 | 1.59 | 0.00 | 9.09 | 97.06 | |||
| HTOO | 3.71 | (0.03) | 0.01 | 0.05 | 4.08 | 7.51 | 21.24 | |||
| BNRG | 6.70 | (2.53) | 0.00 | (0.86) | 0.00 | 14.08 | 40.49 | |||
| CREG | 3.32 | (0.15) | 0.00 | (0.04) | 0.00 | 7.14 | 25.57 | |||
| VGAS | 4.46 | (1.03) | 0.00 | 2.00 | 0.00 | 10.24 | 27.54 | |||
| OPAL | 4.07 | (0.09) | 0.00 | 0.03 | 4.97 | 11.57 | 23.34 |
Cross Equities Net Income Analysis
Compare Eco Wave Power and related stocks such as Rain Enhancement Tec, SolarBank Common, and Aberdeen Asset Management Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RAIN | (10.7 M) | (10.7 M) | (10.7 M) | (10.7 M) | (10.7 M) | (10.7 M) | (10.7 M) | (10.7 M) | (10.7 M) | (10.7 M) | (19.2 M) | 4.4 M | (75.7 M) | (437 K) | (4.5 M) | (5.2 M) | (5.5 M) |
| SUUN | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | 2.2 M | 2.2 M | (3.5 M) | (3.5 M) | (31 M) | (29.5 M) |
| HTOO | 724.5 K | 724.5 K | 724.5 K | 724.5 K | 724.5 K | 724.5 K | 724.5 K | 724.5 K | 724.5 K | (2 K) | (183.1 M) | 23.6 M | (27.3 M) | (31 M) | (13.8 M) | (15.9 M) | (16.6 M) |
| BNRG | (9.7 M) | (9.7 M) | (9.7 M) | (9.7 M) | (9.7 M) | (9.7 M) | (9.4 M) | (8.4 M) | (7.2 M) | (12.2 M) | (9.5 M) | (11 M) | (11.1 M) | (9.6 M) | (6.8 M) | (7.8 M) | (8.2 M) |
| CREG | 58.6 K | 21.4 M | 3.4 M | 15.6 M | 19.8 M | 18.4 M | (48.3 M) | (7.3 M) | (66 M) | (8.8 M) | 4.1 M | (12.2 M) | (4.5 M) | (746.8 K) | (1.6 M) | (1.4 M) | (1.5 M) |
| VGAS | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (12.9 M) | 2.7 M | (2.7 M) | (3.3 M) | (3.8 M) | (4 M) |
| OPAL | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (25.4 M) | 210 K | 11.3 M | 29.9 M | 11 M | 12.7 M | 13.3 M |
Eco Wave Power and related stocks such as Rain Enhancement Tec, SolarBank Common, and Aberdeen Asset Management Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Eco Wave Power financial statement analysis. It represents the amount of money remaining after all of Eco Wave Power operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Eco Wave Competitive Analysis
The better you understand Eco Wave competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Eco Wave'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 Eco Wave'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 |
Eco Wave Competition Performance Charts
Five steps to successful analysis of Eco Wave Competition
Eco Wave'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 Eco Wave Power in relation to its competition. Eco Wave's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Eco Wave 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 Eco Wave's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Eco Wave Power, 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.
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Check out Eco Wave Correlation with its peers. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Will Application Software sector continue expanding? Could Eco diversify its offerings? Factors like these will boost the valuation of Eco Wave. Anticipated expansion of Eco directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Eco Wave data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Earnings Share (0.56) | Revenue Per Share | Quarterly Revenue Growth (0.40) | Return On Assets | Return On Equity |
Understanding Eco Wave Power requires distinguishing between market price and book value, where the latter reflects Eco's accounting equity. The concept of intrinsic value - what Eco Wave's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Eco Wave's price substantially above or below its fundamental value.
Please note, there is a significant difference between Eco Wave's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eco Wave is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Eco Wave's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.