Third Harmonic Bio Stock Performance
| THRD Stock | USD 3.50 0.05 1.41% |
The entity has a beta of -0.0109, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Third Harmonic are expected to decrease at a much lower rate. During the bear market, Third Harmonic is likely to outperform the market. At this point, Third Harmonic Bio has a negative expected return of -1.6%. Please make sure to validate Third Harmonic's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Third Harmonic Bio performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Third Harmonic Bio has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's basic indicators remain rather sound which may send shares a bit higher in April 2025. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more
Actual Historical Performance (%)
One Day Return (1.41) | Five Day Return 2.34 | Year To Date Return (68.30) | Ten Year Return (79.41) | All Time Return (79.41) |
1 | Learn to Evaluate using the Charts - Stock Traders Daily | 01/07/2025 |
2 | Acquisition by Natalie Holles of 50000 shares of Third Harmonic subject to Rule 16b-3 | 01/15/2025 |
3 | Acquisition by Christopher Murphy of 17500 shares of Third Harmonic subject to Rule 16b-3 | 01/17/2025 |
4 | Third Harmonic Bio stock hits 52-week low at 5.58 - Investing.com | 01/24/2025 |
5 | Soho House, Third Harmonic Bio, and More Stocks See Action From Activist Investors - Yahoo Voices | 01/31/2025 |
6 | Acquisition by Seidel Hans Martin of 20000 shares of Third Harmonic at 13.85 subject to Rule 16b-3 | 02/06/2025 |
7 | Third Harmonic Bio Announces Phase 1 Clinical Results for THB335 and Provides Corporate ... | 02/11/2025 |
8 | Down -39.61 percent in 4 Weeks, Heres Why You Should You Buy the Dip in Third Harmonic Bio, Inc. | 02/14/2025 |
9 | Acquisition by Christopher Murphy of 30000 shares of Third Harmonic subject to Rule 16b-3 | 02/28/2025 |
10 | Third Harmonic Bio Inc expected to post a loss of 34 cents a share - Earnings Preview - TradingView | 03/21/2025 |
| Begin Period Cash Flow | 289.3 M | |
| Free Cash Flow | -20.6 M |
Third |
Third Harmonic Relative Risk vs. Return Landscape
If you would invest 1,080 in Third Harmonic Bio on December 22, 2024 and sell it today you would lose (730.00) from holding Third Harmonic Bio or give up 67.59% of portfolio value over 90 days. Third Harmonic Bio is currently does not generate positive expected returns and assumes 6.3794% risk (volatility on return distribution) over the 90 days horizon. In different words, 56% of stocks are less volatile than Third, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Third Harmonic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Third Harmonic's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Third Harmonic Bio, and traders can use it to determine the average amount a Third Harmonic's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.2509
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | THRD |
Estimated Market Risk
| 6.38 actual daily | 56 56% of assets are less volatile |
Expected Return
| -1.6 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.25 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Third Harmonic is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Third Harmonic by adding Third Harmonic to a well-diversified portfolio.
Third Harmonic Fundamentals Growth
Third Stock prices reflect investors' perceptions of the future prospects and financial health of Third Harmonic, and Third Harmonic fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Third Stock performance.
| Return On Equity | -0.14 | ||||
| Return On Asset | -0.11 | ||||
| Current Valuation | (132.73 M) | ||||
| Shares Outstanding | 45.06 M | ||||
| Price To Earning | 23.13 X | ||||
| Price To Book | 0.54 X | ||||
| EBITDA | (30.79 M) | ||||
| Net Income | (30.82 M) | ||||
| Cash And Equivalents | 112.73 M | ||||
| Cash Per Share | 25.53 X | ||||
| Total Debt | 3.95 M | ||||
| Debt To Equity | 7.81 % | ||||
| Current Ratio | 23.59 X | ||||
| Book Value Per Share | 6.59 X | ||||
| Cash Flow From Operations | (20.43 M) | ||||
| Earnings Per Share | (0.96) X | ||||
| Market Capitalization | 159.5 M | ||||
| Total Asset | 277.71 M | ||||
| Retained Earnings | (114.22 M) | ||||
| Working Capital | 267.03 M | ||||
About Third Harmonic Performance
By analyzing Third Harmonic's fundamental ratios, stakeholders can gain valuable insights into Third Harmonic's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Third Harmonic has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Third Harmonic has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.10) | (0.10) | |
| Return On Capital Employed | (0.16) | (0.15) | |
| Return On Assets | (0.10) | (0.10) | |
| Return On Equity | (0.11) | (0.13) |
Things to note about Third Harmonic Bio performance evaluation
Checking the ongoing alerts about Third Harmonic for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Third Harmonic Bio help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Third Harmonic Bio generated a negative expected return over the last 90 days | |
| Third Harmonic Bio has high historical volatility and very poor performance | |
| Net Loss for the year was (30.82 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Third Harmonic Bio currently holds about 112.73 M in cash with (20.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 25.53, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Over 91.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Third Harmonic Bio Inc expected to post a loss of 34 cents a share - Earnings Preview - TradingView |
- Analyzing Third Harmonic's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Third Harmonic's stock is overvalued or undervalued compared to its peers.
- Examining Third Harmonic's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Third Harmonic's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Third Harmonic's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Third Harmonic's stock. These opinions can provide insight into Third Harmonic's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Third Stock analysis
When running Third Harmonic's price analysis, check to measure Third Harmonic'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 Third Harmonic is operating at the current time. Most of Third Harmonic's value examination focuses on studying past and present price action to predict the probability of Third Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Third Harmonic's price. Additionally, you may evaluate how the addition of Third Harmonic to your portfolios can decrease your overall portfolio volatility.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |