Therma Bright Stock Performance
| THRM Stock | CAD 0.03 0.00 0.00% |
The entity has a beta of -0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Therma Bright are expected to decrease at a much lower rate. During the bear market, Therma Bright is likely to outperform the market. At this point, Therma Bright has a negative expected return of -1.35%. Please make sure to validate Therma Bright's information ratio, total risk alpha, and the relationship between the variance and jensen alpha , to decide if Therma Bright performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Therma Bright has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in December 2024. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
1 | Therma Bright Applauds Partners Prestigious RDD Award - TipRanks | 09/04/2024 |
2 | Therma Bright Backs InStatins Groundbreaking Respiratory Study - TipRanks | 09/23/2024 |
3 | Therma Bright Plans Strategic Spin-Off of Consumer Health Portfolio into New Public Company TBRIF Stock News - StockTitan | 11/18/2024 |
| Begin Period Cash Flow | 3.1 M | |
| Free Cash Flow | -2.4 M |
Therma |
Therma Bright Relative Risk vs. Return Landscape
If you would invest 7.50 in Therma Bright on August 28, 2024 and sell it today you would lose (5.00) from holding Therma Bright or give up 66.67% of portfolio value over 90 days. Therma Bright is producing return of less than zero assuming 9.154% volatility of returns over the 90 days investment horizon. Simply put, 81% of all stocks have less volatile historical return distribution than Therma Bright, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Therma Bright Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Therma Bright's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Therma Bright, and traders can use it to determine the average amount a Therma Bright's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1471
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Estimated Market Risk
| 9.15 actual daily | 81 81% of assets are less volatile |
Expected Return
| -1.35 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Therma Bright is not performing at its full potential. However, 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 Therma Bright by adding Therma Bright to a well-diversified portfolio.
Therma Bright Fundamentals Growth
Therma Stock prices reflect investors' perceptions of the future prospects and financial health of Therma Bright, and Therma Bright fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Therma Stock performance.
| Return On Equity | -1.74 | ||||
| Return On Asset | -0.47 | ||||
| Operating Margin | (64.94) % | ||||
| Current Valuation | 11.15 M | ||||
| Shares Outstanding | 443.14 M | ||||
| Price To Book | 7.33 X | ||||
| Price To Sales | 428.65 X | ||||
| Revenue | 23.9 K | ||||
| Gross Profit | 63.48 K | ||||
| EBITDA | (3.6 M) | ||||
| Net Income | (3.77 M) | ||||
| Cash And Equivalents | 6.18 K | ||||
| Total Debt | 90.39 K | ||||
| Debt To Equity | 844.90 % | ||||
| Current Ratio | 0.08 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (2.17 M) | ||||
| Earnings Per Share | (0.01) X | ||||
| Market Capitalization | 11.08 M | ||||
| Total Asset | 2.21 M | ||||
| Retained Earnings | (35.78 M) | ||||
| Working Capital | (1.69 M) | ||||
About Therma Bright Performance
Evaluating Therma Bright's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Therma Bright has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Therma Bright has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 2.1 K | 2.2 K | |
| Return On Tangible Assets | (0.48) | (0.51) | |
| Return On Capital Employed | (0.56) | (0.59) | |
| Return On Assets | (0.40) | (0.42) | |
| Return On Equity | (0.41) | (0.43) |
Things to note about Therma Bright performance evaluation
Checking the ongoing alerts about Therma Bright for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Therma Bright help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Therma Bright generated a negative expected return over the last 90 days | |
| Therma Bright has high historical volatility and very poor performance | |
| Therma Bright has some characteristics of a very speculative penny stock | |
| Therma Bright has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Therma Bright has accumulated 90.39 K in total debt with debt to equity ratio (D/E) of 844.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Therma Bright has a current ratio of 0.08, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Therma Bright until it has trouble settling it off, either with new capital or with free cash flow. So, Therma Bright's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Therma Bright sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Therma to invest in growth at high rates of return. When we think about Therma Bright's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 23.9 K. Net Loss for the year was (3.77 M) with profit before overhead, payroll, taxes, and interest of 63.48 K. | |
| Therma Bright has accumulated about 6.18 K in cash with (2.17 M) of positive cash flow from operations. | |
| Latest headline from news.google.com: Therma Bright Plans Strategic Spin-Off of Consumer Health Portfolio into New Public Company TBRIF Stock News - StockTitan |
- Analyzing Therma Bright's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Therma Bright's stock is overvalued or undervalued compared to its peers.
- Examining Therma Bright's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Therma Bright's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Therma Bright's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Therma Bright's stock. These opinions can provide insight into Therma Bright's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Therma Stock Analysis
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.