Thermon Group Holdings Stock Alpha and Beta Analysis
| THR Stock | USD 31.97 0.79 2.53% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Thermon Group Holdings. It also helps investors analyze the systematic and unsystematic risks associated with investing in Thermon Group over a specified time horizon. Remember, high Thermon Group's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Thermon Group's market risk premium analysis include:
Beta 2.1 | Alpha (0.13) | Risk 2.22 | Sharpe Ratio 0.0412 | Expected Return 0.0915 |
Thermon Group Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Thermon |
Thermon Group Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Thermon Group market risk premium is the additional return an investor will receive from holding Thermon Group long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Thermon Group. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Thermon Group's performance over market.| α | -0.13 | β | 2.10 |
Thermon Group expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Thermon Group's Buy-and-hold return. Our buy-and-hold chart shows how Thermon Group performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Thermon Group Market Price Analysis
Market price analysis 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 understating and applying Thermon Group stock market price indicators, traders can identify Thermon Group position entry and exit signals to maximize returns.
Thermon Group Return and Market Media
The median price of Thermon Group for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 28.95 with a coefficient of variation of 4.48. The daily time series for the period is distributed with a sample standard deviation of 1.3, arithmetic mean of 28.92, and mean deviation of 1.04. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Thomas Cerovski of 4781 shares of Thermon Group subject to Rule 16b-3 | 09/09/2024 |
2 | Thermon appoints Jan Schott as CFO | 09/25/2024 |
3 | Acquisition by John Clarke of 805 shares of Thermon Group at 29.49 subject to Rule 16b-3 | 10/01/2024 |
4 | Insider Trading | 10/14/2024 |
5 | Acquisition by Ryan Tarkington of 3331 shares of Thermon Group subject to Rule 16b-3 | 10/28/2024 |
6 | 3 Instruments Stocks Set to Ride Against Industry Headwinds | 10/30/2024 |
7 | Thermon Group Set to Announce Quarterly Earnings on Thursday | 11/01/2024 |
8 | What You Can Learn From Thermon Group Holdings, Inc.s PE | 11/07/2024 |
9 | Thermon Group Holdings Inc Q2 2025 Earnings Call Highlights Navigating Revenue ... | 11/08/2024 |
10 | T. Rowe Price Investment Management, Inc. Reduces Stake in Thermon Group Holdings Inc | 11/14/2024 |
About Thermon Group Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Thermon or other stocks. Alpha measures the amount that position in Thermon Group Holdings has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.0134 | 0.0118 | Price To Sales Ratio | 2.24 | 2.45 |
Thermon Group Upcoming Company Events
As portrayed in its financial statements, the presentation of Thermon Group's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Thermon Group's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Thermon Group's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Thermon Group. Please utilize our Beneish M Score to check the likelihood of Thermon Group's management manipulating its earnings.
| 1st of February 2024 Upcoming Quarterly Report | View | |
| 23rd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 23rd of May 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
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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.