New Wave (Sweden) Performance
| NEWA-B Stock | SEK 97.40 0.80 0.83% |
The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Wave's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Wave is expected to be smaller as well. At this point, New Wave Group has a negative expected return of -0.19%. Please make sure to verify New Wave's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if New Wave Group performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days New Wave Group has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest uncertain performance, the Stock's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors. ...more
| Begin Period Cash Flow | 325.1 M | |
| Total Cashflows From Investing Activities | -114.2 M |
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New Wave Relative Risk vs. Return Landscape
If you would invest 11,140 in New Wave Group on August 28, 2024 and sell it today you would lose (1,400) from holding New Wave Group or give up 12.57% of portfolio value over 90 days. New Wave Group is generating negative expected returns and assumes 2.1769% volatility on return distribution over the 90 days horizon. Simply put, 19% of stocks are less volatile than New, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
New Wave Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Wave's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as New Wave Group, and traders can use it to determine the average amount a New 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 = -0.0853
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| Negative Returns | NEWA-B |
Estimated Market Risk
| 2.18 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.19 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New Wave is not performing at its full potential. However, 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 New Wave by adding New Wave to a well-diversified portfolio.
New Wave Fundamentals Growth
New Stock prices reflect investors' perceptions of the future prospects and financial health of New Wave, and New 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 New Stock performance.
| Return On Equity | 0.22 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.13 % | |||
| Operating Margin | 0.18 % | |||
| Current Valuation | 16.38 B | |||
| Shares Outstanding | 46.64 M | |||
| Price To Earning | 10.64 X | |||
| Price To Book | 2.58 X | |||
| Price To Sales | 1.66 X | |||
| Revenue | 6.72 B | |||
| EBITDA | 1.24 B | |||
| Cash And Equivalents | 182.5 M | |||
| Cash Per Share | 2.75 X | |||
| Total Debt | 1.17 B | |||
| Debt To Equity | 84.40 % | |||
| Book Value Per Share | 88.77 X | |||
| Cash Flow From Operations | 1.21 B | |||
| Earnings Per Share | 15.50 X | |||
| Total Asset | 7.66 B | |||
| Retained Earnings | 1.91 B | |||
| Current Asset | 3.85 B | |||
| Current Liabilities | 969 M | |||
About New Wave Performance
By analyzing New Wave's fundamental ratios, stakeholders can gain valuable insights into New Wave's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if New 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 New Wave has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
New Wave Group AB designs, acquires, and develops brands and products in the corporate promo, sports, gifts, and home furnishings sectors in Sweden, the United States, rest of Nordic countries, Central Europe, Southern Europe, and internationally. New Wave Group AB was founded in 1990 and is headquartered in Gothenburg, Sweden. New Wave operates under Diversified Wholesale And Retail classification in Sweden and is traded on Stockholm Stock Exchange. It employs 2597 people.Things to note about New Wave Group performance evaluation
Checking the ongoing alerts about New Wave for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for New Wave Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Wave Group generated a negative expected return over the last 90 days | |
| New Wave Group has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 14.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing New 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 New Wave's stock is overvalued or undervalued compared to its peers.
- Examining New 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 New Wave's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Wave's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of New Wave's stock. These opinions can provide insight into New Wave's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for New Stock analysis
When running New Wave's price analysis, check to measure New 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 New Wave is operating at the current time. Most of New Wave's value examination focuses on studying past and present price action to predict the probability of New 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 New Wave's price. Additionally, you may evaluate how the addition of New Wave to your portfolios can decrease your overall portfolio volatility.
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