Best described as C rated badly written fan fiction. The screenwriters and directors made their own story using awkwardly forced references to the names and places in Robert Jordan’s masterpiece.
The tv show pushes agendas of the screenwriter and changes the core of not only the major characters but in the ways the world interacts with the characters.
One glaring example is Mat. The tv has him broody and not loving life. And the Morraine sending the red ajah after hike. It’s literally enough to make one want to throw up.
I would not even call it a alternate universe as it insults any other stories that use alternate universes.