Eco Competitors
| WAVE Stock | USD 10.09 0.85 9.20% |
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Eco |
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.
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High positive 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATRWF | 0.91 | 0.39 | 0.25 | (2.22) | 0.20 | 4.93 | 9.36 | |||
| AZLOF | 8.09 | 0.94 | 0.00 | 0.35 | 0.00 | 0.00 | 296.43 | |||
| ALTNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TPII | 2.45 | (1.28) | 0.00 | (19.49) | 0.00 | 0.00 | 50.00 | |||
| ARSC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VGASW | 5.82 | 0.75 | 0.05 | (0.99) | 6.82 | 14.29 | 58.00 | |||
| CREG | 3.67 | (0.41) | 0.00 | (0.44) | 0.00 | 8.43 | 20.77 | |||
| ORA | 0.99 | 0.10 | 0.03 | 0.30 | 1.19 | 2.48 | 8.41 | |||
| TKECF | 1.57 | (0.37) | 0.00 | (0.28) | 0.00 | 2.95 | 21.80 | |||
| CPWR | 10.76 | 1.34 | 0.04 | (0.44) | 12.04 | 28.57 | 82.86 |
Cross Equities Net Income Analysis
Compare Eco Wave Power and related stocks such as Altius Renewable Roy, Azelio AB, and Alternus Energy Group Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARSC | (2.5 M) | (611.8 K) | (495.9 K) | (599.6 K) | (8.1 K) | (8.1 K) | (8.1 K) | (8.1 K) | (8.1 K) | (8.1 K) | (8.1 K) | (8.1 K) | (8.1 K) | (9.3 K) | (9.7 K) |
| VGASW | (12.9 M) | (12.9 M) | (12.9 M) | (12.9 M) | (12.9 M) | (12.9 M) | (12.9 M) | (12.9 M) | (12.9 M) | (12.9 M) | (12.9 M) | (12.9 M) | 2.7 M | (2.7 M) | (2.9 M) |
| CREG | 58.6 K | 21.4 M | 3.4 M | 15.6 M | 19.8 M | 18.4 M | 1.8 M | (9 M) | (66 M) | (8.8 M) | (3.3 M) | (12.2 M) | (4.5 M) | (746.8 K) | (709.4 K) |
| ORA | (6.4 M) | (43.1 M) | (207.1 M) | 41.2 M | 54.2 M | 119.6 M | 93.9 M | 170.7 M | 98 M | 88.1 M | 85.5 M | 62.1 M | 65.8 M | 124.4 M | 130.6 M |
| RNW | 2.6 B | 2.6 B | 2.6 B | 2.6 B | 2.6 B | 2.6 B | 2.6 B | 2.6 B | 2.6 B | (2.8 B) | (8 B) | (16.2 B) | (5 B) | 3.4 B | 3.6 B |
| AY | 1.3 M | 1.3 M | 1.3 M | (3.4 M) | (31.6 M) | (209 M) | (4.9 M) | (111.8 M) | 41.6 M | 62.1 M | 16.9 M | (10.9 M) | (2.1 M) | 43.4 M | 45.5 M |
| NRGV | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (24.2 M) | (31.3 M) | (78.3 M) | (98.4 M) | (93.5 M) |
| CWEN | 7 M | 15 M | 13 M | 13 M | 16 M | 33 M | 57 M | (16 M) | 48 M | (96 M) | (62 M) | (75 M) | 1.1 B | 79 M | 85.8 M |
| AQN | (1.7 M) | 22.9 M | 14.6 M | 19.1 M | 65.2 M | 84.7 M | 97.4 M | 153.6 M | 185 M | 530.9 M | 782.5 M | 185.7 M | (308.2 M) | 20.3 M | 19.3 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) | 17.8 M | (2.7 M) | (2.6 M) |
| ADN | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | (993.9 K) | (20.5 M) | (74.3 M) | (71.4 M) | (67.8 M) |
Eco Wave Power and related stocks such as Altius Renewable Roy, Azelio AB, and Alternus Energy Group 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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Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eco Wave. If investors know Eco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eco Wave listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.41) | Revenue Per Share 0.055 | Quarterly Revenue Growth (0.08) | Return On Assets (0.15) | Return On Equity (0.27) |
The market value of Eco Wave Power is measured differently than its book value, which is the value of Eco that is recorded on the company's balance sheet. Investors also form their own opinion of Eco Wave's value that differs from its market value or its book value, called intrinsic value, which is Eco Wave's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eco Wave's market value can be influenced by many factors that don't directly affect Eco Wave's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic 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. However, Eco Wave's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.