Thermon Group Holdings Stock Price on December 6, 2023
| THR Stock | USD 31.56 0.14 0.44% |
Below is the normalized historical share price chart for Thermon Group Holdings extending back to May 05, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Thermon Group stands at 31.56, as last reported on the 29th of November, with the highest price reaching 32.12 and the lowest price hitting 31.47 during the day.
If you're considering investing in Thermon Stock, it is important to understand the factors that can impact its price. Currently, Thermon Group Holdings is very steady. Thermon Group Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0798, which indicates the firm had a 0.0798% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thermon Group Holdings, which you can use to evaluate the volatility of the company. Please validate Thermon Group's Coefficient Of Variation of 2596.29, risk adjusted performance of 0.036, and Semi Deviation of 1.88 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%.
At this time, Thermon Group's Common Stock is relatively stable compared to the past year. As of 11/29/2024, Capital Stock is likely to grow to about 36.5 K, while Total Stockholder Equity is likely to drop slightly above 308.1 M. . At this time, Thermon Group's Price Fair Value is relatively stable compared to the past year. Thermon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 5th of May 2011 | 200 Day MA 30.2633 | 50 Day MA 28.9924 | Beta 1.066 |
Thermon |
Sharpe Ratio = 0.0798
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Estimated Market Risk
| 1.99 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Thermon Group is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Thermon Group by adding it to a well-diversified portfolio.
Price Book 2.1779 | Enterprise Value Ebitda 13.4206 | Price Sales 2.1622 | Shares Float 33 M | Wall Street Target Price 35 |
Thermon Group Valuation on December 6, 2023
It is possible to determine the worth of Thermon Group on a given historical date. On December 6, 2023 Thermon was worth 30.76 at the beginning of the trading date compared to the closed value of 30.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thermon Group stock. Still, in general, we apply an absolute valuation method to find Thermon Group's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Thermon Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thermon Group's related companies.
| Open | High | Low | Close | Volume | |
| 31.06 | 31.06 | 30.37 | 30.54 | 113,988 | |
12/06/2023 | 30.76 | 31.14 | 30.26 | 30.35 | 141,820 |
| 30.56 | 30.82 | 30.23 | 30.72 | 125,448 |
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Thermon Group Trading Date Momentum on December 6, 2023
| On December 07 2023 Thermon Group Holdings was traded for 30.72 at the closing time. Highest Thermon Group's price during the trading hours was 30.82 and the lowest price during the day was 30.23 . The net volume was 125.4 K. The overall trading history on the 7th of December contributed to the next trading period price gain. The trading price change to the next next day price was 1.22% . The trading price change to current price is 5.04% . |
Thermon Group Holdings Fundamentals Correlations and Trends
By evaluating Thermon Group's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Thermon Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thermon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Thermon Group Stock history
Thermon Group investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Thermon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thermon Group Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Thermon Group stock prices may prove useful in developing a viable investing in Thermon Group
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 34.1 M | 29.2 M | |
| Net Income Applicable To Common Shares | 30.3 M | 17.1 M |
Thermon Group Quarterly Net Working Capital |
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Thermon Group Stock Technical Analysis
Thermon Group technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Thermon Group Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Thermon Group Holdings cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Thermon Group November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Thermon Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thermon Group shares will generate the highest return on investment. By undertsting and applying Thermon Group stock market strength indicators, traders can identify Thermon Group Holdings entry and exit signals to maximize returns
Thermon Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thermon Group's price direction in advance. Along with the technical and fundamental analysis of Thermon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thermon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.036 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0363 |
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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.