New Wave Holdings Stock Beta
TRMNF Stock | USD 0.01 0 38.89% |
New Wave Holdings fundamentals help investors to digest information that contributes to New Wave's financial success or failures. It also enables traders to predict the movement of New Pink Sheet. The fundamental analysis module provides a way to measure New Wave's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to New Wave pink sheet.
New |
New Wave Holdings Company Beta Analysis
New Wave's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current New Wave Beta | 3.14 |
Most of New Wave's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Wave Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition |
In accordance with the recently published financial statements, New Wave Holdings has a Beta of 3.1418. This is 145.45% higher than that of the Communication Services sector and significantly higher than that of the Entertainment industry. The beta for all United States stocks is notably lower than that of the firm.
New Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Wave's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of New Wave could also be used in its relative valuation, which is a method of valuing New Wave by comparing valuation metrics of similar companies.New Wave is currently under evaluation in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, New Wave will likely underperform.
New Fundamentals
Return On Equity | -3.16 | |||
Return On Asset | -1.31 | |||
Operating Margin | 1.34 % | |||
Current Valuation | (519.75 K) | |||
Shares Outstanding | 30.64 M | |||
Shares Owned By Insiders | 14.94 % | |||
Price To Earning | 4.12 X | |||
Price To Book | 0.43 X | |||
Price To Sales | 228.78 X | |||
Gross Profit | (4.33 M) | |||
EBITDA | (6.43 M) | |||
Net Income | (6.46 M) | |||
Cash And Equivalents | 2.46 M | |||
Cash Per Share | 0.08 X | |||
Total Debt | 351.28 K | |||
Debt To Equity | 0.16 % | |||
Current Ratio | 4.31 X | |||
Book Value Per Share | 0.06 X | |||
Cash Flow From Operations | (2.35 M) | |||
Earnings Per Share | (0.57) X | |||
Number Of Employees | 20 | |||
Beta | 3.14 | |||
Market Capitalization | 658.8 K | |||
Total Asset | 3.16 M | |||
Retained Earnings | (4.72 M) | |||
Working Capital | (611 K) | |||
Current Asset | 71 K | |||
Current Liabilities | 682 K | |||
Z Score | -7.4 | |||
Net Asset | 3.16 M |
About New Wave Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Wave Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Wave using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Wave Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards New Wave in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, New Wave's short interest history, or implied volatility extrapolated from New Wave options trading.
Currently Active Assets on Macroaxis
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in New Wave Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
CEOs Directory Screen CEOs from public companies around the world | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |