We advise to exercise Therma Bright fundamental analysis to find out if markets are presently mispricing the firm. In other words this technique allows you to confirm available indicators of Therma Bright as well as the relationship between them. We were able to interpolate data for twenty-eight available drivers for Therma Bright, which can be compared to its competition. The stock experiences a very speculative upward sentiment. Check odds of Therma Bright to be traded at C$0.0438 in 90 days. Key indicators impacting Therma Bright's financial strength include:
Please note, the imprecision that can be found in Therma Bright's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Therma Bright. Check Therma Bright's Beneish M Score to see the likelihood of Therma Bright's management manipulating its earnings.
Therma Bright Stock Summary
Therma Bright competes with MedMira. Therma Bright Inc. develops and markets thermal therapy technology that provides topical relief to skin irritations resulting from insect bites, stings, and prevention of cold sores. Therma Bright Inc. was incorporated in 2001 and is based in Toronto, Canada. THERMA BRIGHT operates under Biotechnology classification in Canada and is traded on TSX Venture Exchange.
You should never invest in Therma Bright without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Therma Stock, because this is throwing your money away. Analyzing the key information contained in Therma Bright's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Therma Bright Key Financial Ratios
There are many critical financial ratios that Therma Bright's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Therma Bright reports annually and quarterly.
Comparative valuation techniques use various fundamental indicators to help in determining Therma Bright's current stock value. Our valuation model uses many indicators to compare Therma Bright value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Therma Bright competition to find correlations between indicators driving Therma Bright's intrinsic value. More Info.
Therma Bright is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers . At this time, Therma Bright's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Therma Bright's earnings, one of the primary drivers of an investment's value.
Therma Bright Systematic Risk
Therma Bright's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Therma Bright volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourty with a total number of output elements of twenty-one. The Beta measures systematic risk based on how returns on Therma Bright correlated with the market. If Beta is less than 0 Therma Bright generally moves in the opposite direction as compared to the market. If Therma Bright Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Therma Bright is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Therma Bright is generally in the same direction as the market. If Beta > 1 Therma Bright moves generally in the same direction as, but more than the movement of the benchmark.
Therma Bright Total Assets Over Time
Today, most investors in Therma Bright Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Therma Bright's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Therma Bright growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Therma Bright help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Therma Bright. We use our internally-developed statistical techniques to arrive at the intrinsic value of Therma Bright based on widely used predictive technical indicators. In general, we focus on analyzing Therma Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Therma Bright's daily price indicators and compare them against related drivers.
When running Therma Bright's price analysis, check to measure Therma Bright'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 Therma Bright is operating at the current time. Most of Therma Bright's value examination focuses on studying past and present price action to predict the probability of Therma Bright's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Therma Bright's price. Additionally, you may evaluate how the addition of Therma Bright to your portfolios can decrease your overall portfolio volatility.