Therma Bright Stock Performance
| THRM Stock | CAD 0.05 0.01 25.00% |
Therma Bright holds a performance score of 6 on a scale of zero to a hundred. The entity has a beta of -0.0851, 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. Use Therma Bright information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Therma Bright.
Risk-Adjusted Performance
6 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Therma Bright are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Therma Bright showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| 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 4.50 in Therma Bright on October 24, 2024 and sell it today you would earn a total of 0.50 from holding Therma Bright or generate 11.11% return on investment over 90 days. Therma Bright is generating 1.2041% of daily returns assuming 15.2758% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than Therma on the basis of their historical return distribution, and most 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 = 0.0788
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Estimated Market Risk
| 15.28 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.2 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Therma Bright 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 Therma Bright by adding it 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 | 17.97 M | ||||
| Shares Outstanding | 451.63 M | ||||
| Price To Book | 11.81 X | ||||
| Price To Sales | 698.99 X | ||||
| Revenue | 23.9 K | ||||
| EBITDA | (3.6 M) | ||||
| Cash And Equivalents | 6.18 K | ||||
| Total Debt | 90.39 K | ||||
| Debt To Equity | 844.90 % | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (2.17 M) | ||||
| Earnings Per Share | (0.01) X | ||||
| Total Asset | 2.21 M | ||||
| Retained Earnings | (35.78 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.
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.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 is way too risky over 90 days horizon | |
| Therma Bright has some characteristics of a very speculative penny stock | |
| Therma Bright appears to be risky and price may revert if volatility continues | |
| 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 25.45 K. | |
| Therma Bright has accumulated about 6.18 K in cash with (2.17 M) of positive cash flow from operations. |
- 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.