LWAC vs GTN

Comparison between LightWave Acquisition Corp - Class A (LWAC, Company) and Gray Television Inc (GTN, Company).

LWAC is from the Financial Services sector, while GTN is from the Communication Services sector.

LWAC vs GTN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LWAC(COMPANY)	GTN(COMPANY)
Market Cap	$383M	$383M
Max Drawdown	0.99%	98.88%
Sharpe Ratio	-0.48	0.22
5Y Beta	0.00	1.13
Industry	Shell Companies	Broadcasting
P/E Ratio	N/A	-4.02
Forward P/E	N/A	2.13
Dividend Yield	N/A	8.33%
5Y Dividends CAGR	N/A	14.87%
Debt to Equity	N/A	271.94%
Free Cash Flow Yield	N/A	12.02%

Market Cap

Winner

LWAC

$383M

GTN

$383M

Max Drawdown

Winner

LWAC

0.99%

GTN

98.88%

Sharpe Ratio

LWAC

-0.48

Winner

GTN

0.22

5Y Beta

Winner

LWAC

0.00

GTN

1.13

Industry

LWAC

Shell Companies

GTN

Broadcasting

P/E Ratio

LWAC

N/A

GTN

-4.02

Forward P/E

LWAC

N/A

GTN

2.13

Dividend Yield

LWAC

N/A

GTN

8.33%

5Y Dividends CAGR

LWAC

N/A

GTN

14.87%

Debt to Equity

LWAC

N/A

GTN

271.94%

Free Cash Flow Yield

LWAC

N/A

GTN

12.02%

LWAC vs GTN - Historical Returns

Returns include dividend reinvestment.

Period	LWAC	GTN
1 month	+0.10%	-1.03%
3 months	+0.10%	-16.26%
6 months	+1.79%	-16.71%
1 year	+2.20%	-7.83%
5 years(CAGR)	N/A	-26.46%
10 years(CAGR)	N/A	-7.40%
Max(CAGR)	+2.57%	-2.58%

Winner

LWAC

+0.10%

GTN

-1.03%

Winner

LWAC

+0.10%

GTN

-16.26%

Winner

LWAC

+1.79%

GTN

-16.71%

Winner

LWAC

+2.20%

GTN

-7.83%

5Y(CAGR)

LWAC

N/A

GTN

-26.46%

10Y(CAGR)

LWAC

N/A

GTN

-7.40%

Max(CAGR)

Winner

LWAC

+2.57%

GTN

-2.58%

LWAC vs GTN - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	LWAC	GTN
2026	+1.79%	-14.63%
2025	+0.40%	+54.74%
2024	N/A	-63.11%
2023	N/A	-15.98%
2022	N/A	-47.33%
2021	N/A	+16.30%
2020	N/A	-14.36%
2019	N/A	+44.38%
2018	N/A	-11.74%
2017	N/A	+52.97%
2016	N/A	-28.90%
2015	N/A	+49.13%
2014	N/A	-23.71%
2013	N/A	+549.78%
2012	N/A	+29.41%
2011	N/A	-17.35%
2010	N/A	+18.35%
2009	N/A	+248.84%
2008	N/A	-94.47%
2007	N/A	+5.43%
2006	N/A	-19.08%
2005	N/A	-32.45%
2004	N/A	+3.31%
2003	N/A	+58.57%
2002	N/A	-16.70%

LWAC vs GTN Drawdown Comparison

The maximum drawdown for LWAC was -0.99%, occurring on Dec 15, 2025. Recovery took 84 trading sessions.

The maximum drawdown for GTN was -98.62%, occurring on Nov 12, 2008. Recovery took 2493 trading sessions.

The current LWAC drawdown is -0.49%. The current GTN drawdown is -80.22%.

Rank	LWAC	GTN
#1	-0.99% Nov 14, 2025 - Mar 19, 2026	-98.62% Jan 20, 2004 - Dec 12, 2013
#2	-0.60% Aug 22, 2025 - Oct 9, 2025	-86.62% Nov 3, 2021 - Dec 30, 2024
#3	-0.58% Jun 15, 2026 - Jun 16, 2026	-64.10% Apr 10, 2019 - Nov 2, 2021
#4	-0.40% Oct 9, 2025 - Oct 20, 2025	-58.82% Jul 20, 2015 - Oct 22, 2018
#5	-0.39% Mar 20, 2026 - Mar 24, 2026	-51.21% Dec 31, 2013 - May 21, 2015
#6	-0.39% Mar 24, 2026 - May 29, 2026	-30.08% Aug 30, 2002 - May 14, 2003
#7	-0.25% Aug 15, 2025 - Aug 22, 2025	-29.48% Nov 8, 2018 - Feb 28, 2019
#8	-0.20% Oct 21, 2025 - Oct 31, 2025	-24.46% Aug 19, 2003 - Dec 11, 2003
#9	-0.10% Nov 5, 2025 - Nov 11, 2025	-10.20% Oct 22, 2018 - Nov 6, 2018
#10	-0.10% May 29, 2026 - Jun 15, 2026	-8.12% Jun 17, 2003 - Jul 14, 2003
#11	N/A	-7.85% Mar 12, 2019 - Apr 9, 2019
#12	N/A	-7.81% Jun 2, 2015 - Jul 13, 2015
#13	N/A	-7.61% Jul 14, 2003 - Aug 19, 2003
#14	N/A	-7.43% Jan 8, 2004 - Jan 20, 2004
#15	N/A	-5.36% May 16, 2003 - May 30, 2003

Correlation

Correlation between LWAC and GTN is -0.63 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.63

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