Third Harmonic Bio Stock Probability of Future Stock Price Finishing Over 12.47
| THRD Stock | USD 12.47 1.02 8.91% |
Third |
Third Harmonic Target Price Odds to finish over 12.47
The tendency of Third Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 12.47 | 90 days | 12.47 | about 72.02 |
Based on a normal probability distribution, the odds of Third Harmonic to move above the current price in 90 days from now is about 72.02 (This Third Harmonic Bio probability density function shows the probability of Third Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.69 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Third Harmonic will likely underperform. Additionally Third Harmonic Bio has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Third Harmonic Price Density |
| Price |
Predictive Modules for Third Harmonic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Third Harmonic Bio. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Third Harmonic Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Third Harmonic is not an exception. The market had few large corrections towards the Third Harmonic's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Third Harmonic Bio, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Third Harmonic within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | 2.69 | |
σ | Overall volatility | 0.96 | |
Ir | Information ratio | 0.01 |
Third Harmonic Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Third Harmonic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Third Harmonic Bio can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Third Harmonic Bio had very high historical volatility over the last 90 days | |
| Net Loss for the year was (30.82 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Third Harmonic Bio currently holds about 112.73 M in cash with (20.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 25.53, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Third Harmonic Bio has a frail financial position based on the latest SEC disclosures | |
| Over 92.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Biotechnology Value Fund L.P. Expands Stake in Third Harmonic Bio Inc. |
Third Harmonic Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Third Stock often depends not only on the future outlook of the current and potential Third Harmonic's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Third Harmonic's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 39.6 M | |
| Cash And Short Term Investments | 269.1 M |
Third Harmonic Technical Analysis
Third Harmonic's future price can be derived by breaking down and analyzing its technical indicators over time. Third Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Third Harmonic Bio. In general, you should focus on analyzing Third Stock price patterns and their correlations with different microeconomic environments and drivers.
Third Harmonic Predictive Forecast Models
Third Harmonic's time-series forecasting models is one of many Third Harmonic's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Third Harmonic's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Third Harmonic Bio
Checking the ongoing alerts about Third Harmonic for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Third Harmonic Bio help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Third Harmonic Bio had very high historical volatility over the last 90 days | |
| Net Loss for the year was (30.82 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Third Harmonic Bio currently holds about 112.73 M in cash with (20.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 25.53, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Third Harmonic Bio has a frail financial position based on the latest SEC disclosures | |
| Over 92.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Biotechnology Value Fund L.P. Expands Stake in Third Harmonic Bio Inc. |
Check out Third Harmonic Backtesting, Third Harmonic Valuation, Third Harmonic Correlation, Third Harmonic Hype Analysis, Third Harmonic Volatility, Third Harmonic History as well as Third Harmonic Performance. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Third Harmonic. If investors know Third will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Third Harmonic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.97) | Return On Assets (0.11) | Return On Equity (0.14) |
The market value of Third Harmonic Bio is measured differently than its book value, which is the value of Third that is recorded on the company's balance sheet. Investors also form their own opinion of Third Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Third Harmonic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Third Harmonic's market value can be influenced by many factors that don't directly affect Third Harmonic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Third Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Third Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Third Harmonic'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.