Wave Entertainment Public Stock Beta

WAVE Stock  THB 0.15  0.01  6.25%   
Wave Entertainment Public fundamentals help investors to digest information that contributes to Wave Entertainment's financial success or failures. It also enables traders to predict the movement of Wave Stock. The fundamental analysis module provides a way to measure Wave Entertainment'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 Wave Entertainment stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Wave Beta Analysis

Wave Entertainment'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.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Wave Entertainment Beta

    
  1.29  
Most of Wave Entertainment'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, Wave Entertainment Public 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, Wave Entertainment Public has a Beta of 1.2928. This is 5.11% higher than that of the Entertainment sector and notably lower than that of the Communication Services industry. The beta for all Thailand stocks is notably lower than that of the firm.

Wave Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Wave Entertainment's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Wave Entertainment could also be used in its relative valuation, which is a method of valuing Wave Entertainment by comparing valuation metrics of similar companies.
Wave Entertainment 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, Wave Entertainment will likely underperform.

Wave Fundamentals

About Wave Entertainment Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Wave Entertainment Public's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Wave Entertainment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Wave Entertainment Public 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.
Wave Entertainment Public Company Limited, together with its subsidiaries, engages in the production and distribution of television programs in Thailand. Wave Entertainment Public Company Limited was incorporated in 1988 and is headquartered in Bangkok, Thailand. WAVE ENTERTAINMENT operates under Education Training Services classification in Thailand and is traded on Stock Exchange of Thailand.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Wave Entertainment Piotroski F Score and Wave Entertainment Altman Z Score analysis.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Wave Stock analysis

When running Wave Entertainment's price analysis, check to measure Wave Entertainment'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 Wave Entertainment is operating at the current time. Most of Wave Entertainment's value examination focuses on studying past and present price action to predict the probability of Wave Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wave Entertainment's price. Additionally, you may evaluate how the addition of Wave Entertainment to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Wave Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wave Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wave Entertainment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.