Thermon Return On Equity from 2010 to 2024
| THR Stock | USD 31.18 0.34 1.10% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.10863216 | Current Value 0.17 | Quarterly Volatility 0.16494723 |
Check Thermon Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thermon Group's main balance sheet or income statement drivers, such as Depreciation And Amortization of 15.8 M, Interest Expense of 7.3 M or Selling General Administrative of 56 K, as well as many indicators such as Price To Sales Ratio of 2.45, Dividend Yield of 0.0118 or PTB Ratio of 4.08. Thermon financial statements analysis is a perfect complement when working with Thermon Group Valuation or Volatility modules.
Thermon | Return On Equity |
Latest Thermon Group's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Thermon Group Holdings over the last few years. Return on Equity is the amount of Thermon Group Holdings net income returned as a percentage of Thermon Group equity. Return on equity measures Thermon Group profitability by revealing how much profit Thermon Group Holdings generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Thermon Group's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Thermon Group's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.0942 | 10 Years Trend |
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Return On Equity |
| Timeline |
Thermon Return On Equity Regression Statistics
| Arithmetic Mean | 0.12 | |
| Geometric Mean | 0.07 | |
| Coefficient Of Variation | 135.38 | |
| Mean Deviation | 0.09 | |
| Median | 0.08 | |
| Standard Deviation | 0.16 | |
| Sample Variance | 0.03 | |
| Range | 0.6886 | |
| R-Value | (0.42) | |
| Mean Square Error | 0.02 | |
| R-Squared | 0.18 | |
| Significance | 0.12 | |
| Slope | (0.02) | |
| Total Sum of Squares | 0.38 |
Thermon Return On Equity History
About Thermon Group Financial Statements
Thermon Group shareholders use historical fundamental indicators, such as Return On Equity, to determine how well the company is positioned to perform in the future. Although Thermon Group investors may analyze each financial statement separately, they are all interrelated. The changes in Thermon Group's assets and liabilities, for example, are also reflected in the revenues and expenses on on Thermon Group's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.11 | 0.17 |
Pair Trading with Thermon Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thermon Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thermon Group will appreciate offsetting losses from the drop in the long position's value.Moving against Thermon Stock
The ability to find closely correlated positions to Thermon Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thermon Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thermon Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thermon Group Holdings to buy it.
The correlation of Thermon Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thermon Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thermon Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Thermon Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Thermon Stock Analysis
When running Thermon Group's price analysis, check to measure Thermon Group'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 Thermon Group is operating at the current time. Most of Thermon Group's value examination focuses on studying past and present price action to predict the probability of Thermon Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermon Group's price. Additionally, you may evaluate how the addition of Thermon Group to your portfolios can decrease your overall portfolio volatility.