New Wave Holdings Stock Performance
| TRMNF Stock | USD 0.01 0.01 33.52% |
New Wave holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 2.9, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, New Wave will likely underperform. Use New Wave Holdings potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to analyze future returns on New Wave Holdings.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in New Wave Holdings are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, New Wave reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 53.8 K | |
| Free Cash Flow | -2.4 M |
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New Wave Relative Risk vs. Return Landscape
If you would invest 0.80 in New Wave Holdings on August 29, 2024 and sell it today you would earn a total of 0.41 from holding New Wave Holdings or generate 51.25% return on investment over 90 days. New Wave Holdings is currently producing 3.2004% returns and takes up 29.1312% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than New, and majority of traded equity instruments are likely to generate higher returns 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 pink sheets, such as New Wave Holdings, 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 = 0.1099
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Estimated Market Risk
| 29.13 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.2 actual daily | 63 63% of assets have lower returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average New Wave is performing at about 8% of its full potential. 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 it to a well-diversified portfolio.
New Wave Fundamentals Growth
New Pink Sheet 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 Pink Sheet performance.
| Return On Equity | -3.16 | |||
| Return On Asset | -1.31 | |||
| Operating Margin | 1.34 % | |||
| Current Valuation | (519.75 K) | |||
| Shares Outstanding | 30.64 M | |||
| Price To Earning | 4.12 X | |||
| Price To Book | 0.43 X | |||
| Price To Sales | 228.78 X | |||
| EBITDA | (6.43 M) | |||
| Cash And Equivalents | 2.46 M | |||
| Cash Per Share | 0.08 X | |||
| Total Debt | 351.28 K | |||
| Debt To Equity | 0.16 % | |||
| Book Value Per Share | 0.06 X | |||
| Cash Flow From Operations | (2.35 M) | |||
| Earnings Per Share | (0.57) X | |||
| Total Asset | 3.16 M | |||
| Retained Earnings | (4.72 M) | |||
| Current Asset | 71 K | |||
| Current Liabilities | 682 K | |||
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 Holdings Corp. engages in the commercial esportsgaming activities. New Wave Holdings Corp. was incorporated in 2006 and is headquartered in Toronto, Canada. New Wave is traded on OTC Exchange in the United States.Things to note about New Wave Holdings performance evaluation
Checking the ongoing alerts about New Wave for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for New Wave Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Wave Holdings is way too risky over 90 days horizon | |
| New Wave Holdings has some characteristics of a very speculative penny stock | |
| New Wave Holdings appears to be risky and price may revert if volatility continues | |
| New Wave Holdings has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (6.46 M) with loss before overhead, payroll, taxes, and interest of (4.33 M). | |
| New Wave Holdings has accumulated about 2.46 M in cash with (2.35 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 15.0% 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 pink sheet. 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 Pink Sheet 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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