Third Harmonic Bio Stock Price on November 12, 2024
| THRD Stock | USD 12.94 0.17 1.30% |
If you're considering investing in Third Stock, it is important to understand the factors that can impact its price. As of today, the current price of Third Harmonic stands at 12.94, as last reported on the 29th of November, with the highest price reaching 13.53 and the lowest price hitting 12.83 during the day. Third Harmonic appears to be moderately volatile, given 3 months investment horizon. Third Harmonic Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0512, which indicates the firm had a 0.0512% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Third Harmonic Bio, which you can use to evaluate the volatility of the company. Please review Third Harmonic's Semi Deviation of 4.83, risk adjusted performance of 0.041, and Coefficient Of Variation of 2346.16 to confirm if our risk estimates are consistent with your expectations.
At present, Third Harmonic's Stock Based Compensation is projected to increase significantly based on the last few years of reporting. . At present, Third Harmonic's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price To Book Ratio is expected to grow to 1.70, whereas Price To Operating Cash Flows Ratio is forecasted to decline to (22.36). Third Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Third |
Sharpe Ratio = 0.0512
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Estimated Market Risk
| 4.56 actual daily | 40 60% of assets are more volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Third Harmonic is performing at about 4% 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 Third Harmonic by adding it to a well-diversified portfolio.
Price Book 2.0034 | Book Value 6.592 | Enterprise Value 298 M | Enterprise Value Ebitda (2.09) | Shares Float 12.9 M |
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Third Harmonic Valuation on November 12, 2024
It is possible to determine the worth of Third Harmonic on a given historical date. On November 12, 2024 Third was worth 15.4 at the beginning of the trading date compared to the closed value of 15.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Third Harmonic stock. Still, in general, we apply an absolute valuation method to find Third Harmonic'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 Third Harmonic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Third Harmonic's related companies.
| Open | High | Low | Close | Volume | |
| 15.00 | 15.50 | 14.35 | 15.40 | 113,271 | |
11/12/2024 | 15.40 | 15.40 | 14.57 | 15.04 | 110,286 |
| 15.25 | 15.25 | 13.91 | 14.24 | 99,378 |
| Backtest Third Harmonic | | | Third Harmonic History | | | Third Harmonic Valuation | Previous | Next |
Third Harmonic Trading Date Momentum on November 12, 2024
| On November 13 2024 Third Harmonic Bio was traded for 14.24 at the closing time. The top price for the day was 15.25 and the lowest listed price was 13.91 . The trading volume for the day was 99.4 K. The trading history from November 13, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 5.32% . The trading price change against the current closing price is 22.87% . |
Third Harmonic Bio Fundamentals Correlations and Trends
By evaluating Third Harmonic'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 Third Harmonic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Third financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Third Harmonic Stock history
Third Harmonic 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 Third is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Third Harmonic Bio 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 Third Harmonic stock prices may prove useful in developing a viable investing in Third Harmonic
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 39.6 M | 43 M | |
| Net Loss | -26.6 M | -28 M |
Third Harmonic Quarterly Net Working Capital |
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Third Harmonic Stock Technical Analysis
Third Harmonic 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
Third Harmonic Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Third Harmonic Bio cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Third Harmonic November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Third Harmonic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Third Harmonic shares will generate the highest return on investment. By undertsting and applying Third Harmonic stock market strength indicators, traders can identify Third Harmonic Bio entry and exit signals to maximize returns
Third Harmonic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Third Harmonic's price direction in advance. Along with the technical and fundamental analysis of Third Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Third 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 | 0.041 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | 0.0138 | |||
| Treynor Ratio | 0.0756 |
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Complementary Tools for Third Stock analysis
When running Third Harmonic's price analysis, check to measure Third Harmonic'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 Third Harmonic is operating at the current time. Most of Third Harmonic's value examination focuses on studying past and present price action to predict the probability of Third Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Third Harmonic's price. Additionally, you may evaluate how the addition of Third Harmonic to your portfolios can decrease your overall portfolio volatility.
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