Theratechnologies Stock Alpha and Beta Analysis
| THTX Stock | USD 1.20 0.01 0.83% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Theratechnologies. It also helps investors analyze the systematic and unsystematic risks associated with investing in Theratechnologies over a specified time horizon. Remember, high Theratechnologies' 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 Theratechnologies' market risk premium analysis include:
Beta 0.94 | Alpha (0.15) | Risk 3.19 | Sharpe Ratio (0.02) | Expected Return (0.07) |
Enterprise Value |
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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.
Theratechnologies |
Theratechnologies Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Theratechnologies market risk premium is the additional return an investor will receive from holding Theratechnologies 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 Theratechnologies. 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 Theratechnologies' performance over market.| α | -0.15 | β | 0.94 |
Theratechnologies 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 Theratechnologies' Buy-and-hold return. Our buy-and-hold chart shows how Theratechnologies performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Theratechnologies Market Price Analysis
Market price analysis indicators help investors to evaluate how Theratechnologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Theratechnologies shares will generate the highest return on investment. By understating and applying Theratechnologies stock market price indicators, traders can identify Theratechnologies position entry and exit signals to maximize returns.
Theratechnologies Return and Market Media
The median price of Theratechnologies for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 1.24 with a coefficient of variation of 4.08. The daily time series for the period is distributed with a sample standard deviation of 0.05, arithmetic mean of 1.25, and mean deviation of 0.04. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Theratechnologies Stock Price Crosses Below 50 Day Moving Average of 1.92 - MarketBeat | 09/03/2024 |
2 | Theratechnologies Inc. Sees Significant Increase in Short Interest | 09/13/2024 |
3 | Theratechnologies annonce un risque dinterruption temporaire de lapprovisionnement dEGRIFTASV au dbut de 2025 | 09/17/2024 |
4 | Theratechnologies annoncera ses rsultats financiers du troisime trimestre de lexercice financier de 2024 et fera une mise jour de ses activits | 09/26/2024 |
5 | Earnings to Watch Theratechnologies Inc Reports Q3 2024 Result | 10/09/2024 |
6 | Will Theratechnologies turn things around in November | 10/10/2024 |
7 | Theratechnologies Issues Earnings Results | 10/11/2024 |
8 | Theratechnologies Unveils Study Design and Baseline Characteristics of PROMISE-US Trial of Ibalizumab in Heavily Treatment-Experienced People with HIV and Multi... | 10/17/2024 |
9 | Theratechnologies Share Price Passes Above Fifty Day Moving Average - Time to Sell - MarketBeat | 11/14/2024 |
About Theratechnologies 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 Theratechnologies or other stocks. Alpha measures the amount that position in Theratechnologies 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 2.04 | 2.81 | 2.53 | 2.65 | Days Of Inventory On Hand | 273.45 | 112.76 | 101.49 | 106.56 |
Theratechnologies Upcoming Company Events
As portrayed in its financial statements, the presentation of Theratechnologies' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Theratechnologies' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Theratechnologies' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Theratechnologies. Please utilize our Beneish M Score to check the likelihood of Theratechnologies' management manipulating its earnings.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 10th of April 2024 Next Financial Report | View | |
| 30th of November 2023 Next Fiscal Quarter End | View | |
| 27th of February 2024 Next Fiscal Year End | View | |
| 31st of August 2023 Last Quarter Report | View | |
| 30th of November 2022 Last Financial Announcement | View |
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Additional Tools for Theratechnologies Stock Analysis
When running Theratechnologies' price analysis, check to measure Theratechnologies' 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 Theratechnologies is operating at the current time. Most of Theratechnologies' value examination focuses on studying past and present price action to predict the probability of Theratechnologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Theratechnologies' price. Additionally, you may evaluate how the addition of Theratechnologies to your portfolios can decrease your overall portfolio volatility.