Thermon Group Holdings Stock Probability of Future Stock Price Finishing Under 24.23
| THR Stock | USD 28.62 0.42 1.45% |
Thermon |
Thermon Group Target Price Odds to finish below 24.23
The tendency of Thermon Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 24.23 or more in 90 days |
| 28.62 | 90 days | 24.23 | near 1 |
Based on a normal probability distribution, the odds of Thermon Group to drop to $ 24.23 or more in 90 days from now is near 1 (This Thermon Group Holdings probability density function shows the probability of Thermon Stock to fall within a particular range of prices over 90 days) . Probability of Thermon Group Holdings price to stay between $ 24.23 and its current price of $28.62 at the end of the 90-day period is about 31.01 .
Considering the 90-day investment horizon Thermon Group has a beta of 0.42. This usually implies as returns on the market go up, Thermon Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Thermon Group Holdings will be expected to be much smaller as well. Additionally Thermon Group Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Thermon Group Price Density |
| Price |
Predictive Modules for Thermon Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thermon Group Holdings. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Thermon Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Thermon Group is not an exception. The market had few large corrections towards the Thermon Group's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Thermon Group Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Thermon Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0098 | |
β | Beta against Dow Jones | 0.42 | |
σ | Overall volatility | 1.75 | |
Ir | Information ratio | -0.01 |
Thermon Group Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Thermon Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Thermon Group Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Thermon Group generated a negative expected return over the last 90 days | |
| Thermon Group has a strong financial position based on the latest SEC filings | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Is There An Opportunity With Thermon Group Holdings, Inc.s 32 percent Undervaluation |
Thermon Group Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Thermon Stock often depends not only on the future outlook of the current and potential Thermon Group's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Thermon Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 34.1 M | |
| Cash And Short Term Investments | 48.6 M |
Thermon Group Technical Analysis
Thermon Group's future price can be derived by breaking down and analyzing its technical indicators over time. Thermon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Thermon Group Holdings. In general, you should focus on analyzing Thermon Stock price patterns and their correlations with different microeconomic environments and drivers.
Thermon Group Predictive Forecast Models
Thermon Group's time-series forecasting models is one of many Thermon Group's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Thermon Group's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Thermon Group Holdings
Checking the ongoing alerts about Thermon Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Thermon Group Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Thermon Group generated a negative expected return over the last 90 days | |
| Thermon Group has a strong financial position based on the latest SEC filings | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Is There An Opportunity With Thermon Group Holdings, Inc.s 32 percent Undervaluation |
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.