Eco Wave Power Global AB (publ) (WAVE)

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Eco Wave Power Global AB (publ) (WAVE) is up 51.2% since the beginning of the year. At $9 per share, WAVE is trading 15.9% below its 52-week high of $11.

Eco Wave Power Global AB (publ) (WAVE) has returned 51.22% so far this year and 82.06% over the past 12 months.

Based on dividend-adjusted daily data since Jul 1, 2021, WAVE's average daily return is +0.24%, while the average monthly return is +2.25%. At this rate, an investment would double in approximately 2.6 years.

Historically, 42% of months were positive and 58% were negative. The best month was Apr 2024 with a return of +137.5%, while the worst month was Jul 2021 at -49.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.

On a daily basis, WAVE closed higher 47% of trading days. The best single day was Apr 8, 2024 with a return of +213.4%, while the worst single day was Jul 1, 2021 at -32.2%.

Eco Wave Power Global AB (publ) has an annualized alpha of 73.59%, beta of 0.47, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 01, 2021.

• This stock tended to rise when S&P 500 Index fell (downside capture of -57.66%), but participation in market rallies was also limited (-45.45%) - a profile typical of counter-cyclical assets.
• Beta of 0.47 may look defensive, but with R2 of 0.00 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.00 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

WAVE ranks 72 for risk / return — better than 72% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Eco Wave Power Global AB (publ). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Eco Wave Power Global AB (publ) was 94.47%, occurring on Mar 27, 2024. The portfolio has not yet recovered.

The current Eco Wave Power Global AB (publ) drawdown is 53.01%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Eco Wave Power Global AB (publ) over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Eco Wave Power Global AB (publ) is priced in the market compared to other companies in the Utilities - Renewable industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.