Eco Wave Power Stock Market Value
| WAVE Stock | USD 10.09 0.85 9.20% |
| Symbol | Eco |
Eco Wave Power Price To Book Ratio
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.
Eco Wave 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Eco Wave's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Eco Wave.
| 05/05/2023 |
| 11/25/2024 |
If you would invest 0.00 in Eco Wave on May 5, 2023 and sell it all today you would earn a total of 0.00 from holding Eco Wave Power or generate 0.0% return on investment in Eco Wave over 570 days. Eco Wave is related to or competes with Altius Renewable, Verde Clean, Smart Powerr, Ormat Technologies, Tokyo Electric, Renew Energy, and Altus Power. Eco Wave Power Global AB , a wave energy company, engages in the development of a wave energy conversion technology that... More
Eco Wave Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Eco Wave's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Eco Wave Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.62 | |||
| Information Ratio | 0.1896 | |||
| Maximum Drawdown | 56.48 | |||
| Value At Risk | (12.73) | |||
| Potential Upside | 20.27 |
Eco Wave Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eco Wave's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eco Wave's standard deviation. In reality, there are many statistical measures that can use Eco Wave historical prices to predict the future Eco Wave's volatility.| Risk Adjusted Performance | 0.164 | |||
| Jensen Alpha | 2.29 | |||
| Total Risk Alpha | 0.4657 | |||
| Sortino Ratio | 0.2363 | |||
| Treynor Ratio | (2.02) |
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 Power Backtested Returns
Eco Wave is very risky given 3 months investment horizon. Eco Wave Power secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.94% are justified by taking the suggested risk. Use Eco Wave Downside Deviation of 8.62, mean deviation of 7.82, and Coefficient Of Variation of 495.7 to evaluate company specific risk that cannot be diversified away. Eco Wave holds a performance score of 14 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.07, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Eco Wave are expected to decrease slowly. On the other hand, during market turmoil, Eco Wave is expected to outperform it slightly. Use Eco Wave potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Eco Wave.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Eco Wave Power has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Eco Wave time series from 5th of May 2023 to 14th of February 2024 and 14th of February 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eco Wave Power price movement. The serial correlation of -0.72 indicates that around 72.0% of current Eco Wave price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 4.81 |
Eco Wave Power lagged returns against current returns
Autocorrelation, which is Eco Wave stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Eco Wave's stock expected returns. We can calculate the autocorrelation of Eco Wave returns to help us make a trade decision. For example, suppose you find that Eco Wave has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Eco Wave regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Eco Wave stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eco Wave stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eco Wave stock over time.
Current vs Lagged Prices |
| Timeline |
Eco Wave Lagged Returns
When evaluating Eco Wave's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eco Wave stock have on its future price. Eco Wave autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Eco Wave autocorrelation shows the relationship between Eco Wave stock current value and its past values and can show if there is a momentum factor associated with investing in Eco Wave Power.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Eco Wave Power is a strong investment it is important to analyze Eco Wave's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Eco Wave's future performance. For an informed investment choice regarding Eco Stock, refer to the following important reports:Check out Eco Wave Correlation, Eco Wave Volatility and Eco Wave Alpha and Beta module to complement your research on Eco Wave. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Eco Wave technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.