OPTT vs. WAVE
Compare and contrast key facts about Ocean Power Technologies, Inc. (OPTT) and Eco Wave Power Global AB (publ) (WAVE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPTT or WAVE.
Key characteristics
| OPTT | WAVE | |
|---|---|---|
| YTD Return | -55.70% | 429.03% |
| 1Y Return | -53.33% | 242.20% |
| 3Y Return (Ann) | -59.09% | -0.85% |
| Sharpe Ratio | -0.38 | 0.99 |
| Sortino Ratio | 0.10 | 3.86 |
| Omega Ratio | 1.01 | 1.47 |
| Calmar Ratio | -0.53 | 2.56 |
| Martin Ratio | -1.11 | 9.18 |
| Ulcer Index | 47.51% | 26.33% |
| Daily Std Dev | 139.21% | 243.25% |
| Max Drawdown | -100.00% | -94.47% |
| Current Drawdown | -100.00% | -65.09% |
Fundamentals
| OPTT | WAVE | |
|---|---|---|
| Market Cap | $14.89M | $36.74M |
| EPS | -$0.40 | -$0.32 |
| Total Revenue (TTM) | $4.67M | $281.92K |
| Gross Profit (TTM) | $2.12M | $241.50K |
| EBITDA (TTM) | -$17.78M | -$1.80M |
Correlation
The correlation between OPTT and WAVE is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OPTT vs. WAVE - Performance Comparison
In the year-to-date period, OPTT achieves a -55.70% return, which is significantly lower than WAVE's 429.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
OPTT vs. WAVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ocean Power Technologies, Inc. (OPTT) 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.
Dividends
OPTT vs. WAVE - Dividend Comparison
Neither OPTT nor WAVE has paid dividends to shareholders.
Drawdowns
OPTT vs. WAVE - Drawdown Comparison
The maximum OPTT drawdown since its inception was -100.00%, which is greater than WAVE's maximum drawdown of -94.47%. Use the drawdown chart below to compare losses from any high point for OPTT and WAVE. For additional features, visit the drawdowns tool.
Volatility
OPTT vs. WAVE - Volatility Comparison
The current volatility for Ocean Power Technologies, Inc. (OPTT) is 9.97%, while Eco Wave Power Global AB (publ) (WAVE) has a volatility of 39.77%. This indicates that OPTT 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.
Financials
OPTT vs. WAVE - Financials Comparison
This section allows you to compare key financial metrics between Ocean Power Technologies, Inc. and Eco Wave Power Global AB (publ). You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities