Thermon Research And Ddevelopement To Revenue from 2010 to 2024

THR Stock  USD 32.00  0.03  0.09%   
Thermon Group Research And Ddevelopement To Revenue yearly trend continues to be relatively stable with very little volatility. Research And Ddevelopement To Revenue is likely to drop to 0.01. Research And Ddevelopement To Revenue is the ratio of a company's research and development expenses to its total revenue, indicating how much of the revenue is invested back into developing new products or services. View All Fundamentals
 
Research And Ddevelopement To Revenue  
First Reported
2010-12-31
Previous Quarter
0.0216
Current Value
0.0132
Quarterly Volatility
0.00544462
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Thermon Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thermon Group's main balance sheet or income statement drivers, such as Depreciation And Amortization of 15.8 M, Interest Expense of 7.3 M or Selling General Administrative of 56 K, as well as many indicators such as Price To Sales Ratio of 2.45, Dividend Yield of 0.0118 or PTB Ratio of 4.08. Thermon financial statements analysis is a perfect complement when working with Thermon Group Valuation or Volatility modules.
  
Check out the analysis of Thermon Group Correlation against competitors.

Latest Thermon Group's Research And Ddevelopement To Revenue Growth Pattern

Below is the plot of the Research And Ddevelopement To Revenue of Thermon Group Holdings over the last few years. It is the ratio of a company's research and development expenses to its total revenue, indicating how much of the revenue is invested back into developing new products or services. Thermon Group's Research And Ddevelopement To Revenue historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Thermon Group's overall financial position and show how it may be relating to other accounts over time.
Research And Ddevelopement To Revenue10 Years Trend
Slightly volatile
   Research And Ddevelopement To Revenue   
       Timeline  

Thermon Research And Ddevelopement To Revenue Regression Statistics

Arithmetic Mean0.02
Geometric Mean0.02
Coefficient Of Variation34.29
Mean Deviation0
Median0.01
Standard Deviation0.01
Sample Variance0.00003
Range0.0165
R-Value0.71
Mean Square Error0.000016
R-Squared0.51
Significance0
Slope0.0009
Total Sum of Squares0.0004

Thermon Research And Ddevelopement To Revenue History

2024 0.0132
2023 0.0216
2022 0.024
2021 0.0181
2020 0.027
2019 0.0218
2018 0.0152

About Thermon Group Financial Statements

Thermon Group shareholders use historical fundamental indicators, such as Research And Ddevelopement To Revenue, to determine how well the company is positioned to perform in the future. Although Thermon Group investors may analyze each financial statement separately, they are all interrelated. The changes in Thermon Group's assets and liabilities, for example, are also reflected in the revenues and expenses on on Thermon Group's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Research And Ddevelopement To Revenue 0.02  0.01 

Pair Trading with Thermon Group

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thermon Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thermon Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with Thermon Stock

  0.66CR Crane CompanyPairCorr
  0.76HI HillenbrandPairCorr
  0.61IR Ingersoll RandPairCorr

Moving against Thermon Stock

  0.67CYD China Yuchai InternaPairCorr
  0.46MKDWW MKDWELL Tech WarrantsPairCorr
  0.43BW Babcock Wilcox EnterPairCorr
  0.32AOS Smith AOPairCorr
The ability to find closely correlated positions to Thermon Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thermon Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thermon Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thermon Group Holdings to buy it.
The correlation of Thermon Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thermon Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thermon Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Thermon Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

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.