Therma Bright Stock Market Value

THRM Stock  CAD 0.03  0.01  14.29%   
Therma Bright's market value is the price at which a share of Therma Bright trades on a public exchange. It measures the collective expectations of Therma Bright investors about its performance. Therma Bright is selling for under 0.03 as of the 17th of March 2025; that is 14.29 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.03.
With this module, you can estimate the performance of a buy and hold strategy of Therma Bright and determine expected loss or profit from investing in Therma Bright over a given investment horizon. Check out Therma Bright Correlation, Therma Bright Volatility and Therma Bright Alpha and Beta module to complement your research on Therma Bright.
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Therma Bright Price To Book Ratio

Please note, there is a significant difference between Therma Bright's value and its price as these two are different measures arrived at by different means. Investors typically determine if Therma Bright is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Therma Bright's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Therma Bright 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Therma Bright's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Therma Bright.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in Therma Bright on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Therma Bright or generate 0.0% return on investment in Therma Bright over 90 days. Therma Bright Inc. develops and markets thermal therapy technology that provides topical relief to skin irritations resu... More

Therma Bright Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Therma Bright's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Therma Bright upside and downside potential and time the market with a certain degree of confidence.

Therma Bright Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Therma Bright's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Therma Bright's standard deviation. In reality, there are many statistical measures that can use Therma Bright historical prices to predict the future Therma Bright's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.0311.31
Details
Intrinsic
Valuation
LowRealHigh
0.000.0311.31
Details
Naive
Forecast
LowNextHigh
0.00050.0311.31
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.030.030.04
Details

Therma Bright Backtested Returns

Therma Bright appears to be out of control, given 3 months investment horizon. Therma Bright owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0789, which indicates the firm had a 0.0789 % return per unit of risk over the last 3 months. By inspecting Therma Bright's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please review Therma Bright's Risk Adjusted Performance of 0.1009, coefficient of variation of 950.44, and Semi Deviation of 7.4 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Therma Bright holds a performance score of 6. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Therma Bright's returns are expected to increase less than the market. However, during the bear market, the loss of holding Therma Bright is expected to be smaller as well. Please check Therma Bright's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Therma Bright's existing price patterns will revert.

Auto-correlation

    
  -0.41  

Modest reverse predictability

Therma Bright has modest reverse predictability. Overlapping area represents the amount of predictability between Therma Bright time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Therma Bright price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Therma Bright price fluctuation can be explain by its past prices.
Correlation Coefficient-0.41
Spearman Rank Test-0.29
Residual Average0.0
Price Variance0.0

Therma Bright lagged returns against current returns

Autocorrelation, which is Therma Bright stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Therma Bright's stock expected returns. We can calculate the autocorrelation of Therma Bright returns to help us make a trade decision. For example, suppose you find that Therma Bright has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Therma Bright regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Therma Bright stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Therma Bright stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Therma Bright stock over time.
   Current vs Lagged Prices   
       Timeline  

Therma Bright Lagged Returns

When evaluating Therma Bright's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Therma Bright stock have on its future price. Therma Bright autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Therma Bright autocorrelation shows the relationship between Therma Bright stock current value and its past values and can show if there is a momentum factor associated with investing in Therma Bright.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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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.