KINS vs. WAVE

Last updated Jun 24, 2026

KINS (Kingstone Companies, Inc.) and WAVE (Eco Wave Power Global AB (publ)) are both stocks. KINS operates in Insurance - Property & Casualty (Financial Services), while WAVE operates in Utilities - Renewable (Utilities). Over the past 3 years, KINS returned 145.34%/yr vs 64.32%/yr for WAVE. At a 0.05 correlation, their price movements are largely independent.

Performance

KINS vs. WAVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kingstone Companies, Inc. (KINS) and Eco Wave Power Global AB (publ) (WAVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KINS achieves a 2.85% return, which is significantly lower than WAVE's 51.22% return.

KINS

• 1D: 2.63%
• 1M: 8.04%
• YTD: 2.85%
• 6M: -0.92%
• 1Y: 11.13%
• 3Y*: 145.34%
• 5Y*: 17.48%
• 10Y*: 9.19%

WAVE

• 1D: 0.00%
• 1M: 0.33%
• YTD: 51.22%
• 6M: 52.24%
• 1Y: 91.13%
• 3Y*: 64.32%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KINS vs. WAVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KINS Kingstone Companies, Inc.	2.85%	11.54%	613.15%	57.78%	-72.27%	-35.00%
WAVE Eco Wave Power Global AB (publ)	51.22%	-46.92%	787.10%	-58.34%	-30.95%	-73.06%

Correlation

The correlation between KINS and WAVE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.05

Fundamentals

Market Cap KINS : $248.60M WAVE : $51.56M
EPS KINS : -$399.22 WAVE : -$0.67
PS Ratio KINS : 0.00 WAVE : 1.35K
PB Ratio KINS : 0.00 WAVE : 10.31
Total Revenue (TTM) KINS : $59.92B WAVE : $38.11K
Gross Profit (TTM) KINS : $100.92M WAVE : $22.06K
EBITDA (TTM) KINS : -$6.57B WAVE : -$2.97M

Return for Risk

KINS vs. WAVE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KINS

KINS Risk / Return Rank: 51
KINS Sharpe Ratio Rank: 53
KINS Sortino Ratio Rank: 48
KINS Omega Ratio Rank: 46
KINS Calmar Ratio Rank: 53
KINS Martin Ratio Rank: 53

WAVE

WAVE Risk / Return Rank: 74
WAVE Sharpe Ratio Rank: 76
WAVE Sortino Ratio Rank: 79
WAVE Omega Ratio Rank: 74
WAVE Calmar Ratio Rank: 73
WAVE Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KINS vs. WAVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kingstone Companies, Inc. (KINS) and Eco Wave Power Global AB (publ) (WAVE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	KINS	WAVE	Difference
Sharpe ratio: Return per unit of total volatility	0.28	1.15	-0.86
Sortino ratio: Return per unit of downside risk	0.68	2.17	-1.50
Omega ratio: Gain probability vs. loss probability	1.08	1.24	-0.16
Calmar ratio: Return relative to maximum drawdown	0.46	1.74	-1.28
Martin ratio: Return relative to average drawdown	0.99	3.25	-2.26

KINS vs. WAVE - Sharpe Ratio Comparison

The current KINS Sharpe Ratio is 0.28, which is lower than the WAVE Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of KINS and WAVE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KINS vs. WAVE - Drawdown Comparison

The maximum KINS drawdown since its inception was -96.97%, roughly equal to the maximum WAVE drawdown of -94.47%. Use the drawdown chart below to compare losses from any high point for KINS and WAVE.

Drawdown Indicators

	KINS	WAVE	Difference
Max Drawdown Largest peak-to-trough decline	-96.97%	-94.47%	-2.50%
Max Drawdown (1Y) Largest decline over 1 year	-24.22%	-52.58%	+28.36%
Max Drawdown (3Y) Largest decline over 3 years	-38.84%	-70.59%	+31.75%
Max Drawdown (5Y) Largest decline over 5 years	-90.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.20%	—	—
Current Drawdown Current decline from peak	-19.59%	-53.01%	+33.42%
Average Drawdown Average peak-to-trough decline	-49.24%	-72.05%	+22.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.23%	28.12%	-16.89%

Volatility

KINS vs. WAVE - Volatility Comparison

The current volatility for Kingstone Companies, Inc. (KINS) is 7.92%, while Eco Wave Power Global AB (publ) (WAVE) has a volatility of 23.38%. This indicates that KINS experiences smaller price fluctuations and is considered to be less risky than WAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KINS	WAVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	23.38%	-15.46%
Volatility (6M) Calculated over the trailing 6-month period	28.57%	53.91%	-25.34%
Volatility (1Y) Calculated over the trailing 1-year period	39.63%	79.98%	-40.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.73%	143.42%	-70.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.37%	143.42%	-84.05%

Dividends

KINS vs. WAVE - Dividend Comparison

KINS's dividend yield for the trailing twelve months is around 1.16%, while WAVE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KINS Kingstone Companies, Inc.	1.16%	0.59%	0.00%	0.00%	8.89%	3.20%	2.74%	4.19%	2.26%	1.61%	1.82%	2.36%
WAVE Eco Wave Power Global AB (publ)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both KINS and WAVE in my portfolio?

KINS and WAVE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KINS or WAVE?

WAVE has higher volatility (23.38%) compared to KINS (7.92%). In terms of maximum drawdown, KINS dropped -96.97% vs WAVE's -94.47%.

Which has better risk-adjusted returns?

WAVE currently has the higher Sharpe Ratio (1.15 vs 0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.