WAVE vs. KINS

Last updated Jun 24, 2026

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

Performance

WAVE vs. KINS - Performance Comparison

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

Returns By Period

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

WAVE

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

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%

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

WAVE vs. KINS - Yearly Performance Comparison

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

Correlation

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

Return for Risk

WAVE vs. KINS — Risk / Return Rank

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

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

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

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.

WAVE vs. KINS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eco Wave Power Global AB (publ) (WAVE) and Kingstone Companies, Inc. (KINS). 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.

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

WAVE vs. KINS - Sharpe Ratio Comparison

The current WAVE Sharpe Ratio is 1.15, which is higher than the KINS Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of WAVE and KINS, 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

WAVE vs. KINS - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

WAVE vs. KINS - Volatility Comparison

Eco Wave Power Global AB (publ) (WAVE) has a higher volatility of 23.38% compared to Kingstone Companies, Inc. (KINS) at 7.92%. This indicates that WAVE's price experiences larger fluctuations and is considered to be riskier than KINS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Dividends

WAVE vs. KINS - Dividend Comparison

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

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 WAVE and KINS in my portfolio?

WAVE and KINS 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, WAVE or KINS?

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

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.