Theratechnologies Stock Alpha and Beta Analysis

TH Stock  CAD 2.00  0.15  8.11%   
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
0.95
Alpha
0.0517
Risk
3.57
Sharpe Ratio
0.1
Expected Return
0.37
Please note that although Theratechnologies alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Theratechnologies did 0.05  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Theratechnologies stock's relative risk over its benchmark. Theratechnologies has a beta of 0.95  . Theratechnologies returns are very sensitive to returns on the market. As the market goes up or down, Theratechnologies is expected to follow. As of the 4th of December 2024, Book Value Per Share is likely to grow to -0.87. In addition to that, Tangible Book Value Per Share is likely to grow to -1.38.

Theratechnologies Quarterly Cash And Equivalents

7.91 Million

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.
  
Check out Theratechnologies Backtesting, Theratechnologies Valuation, Theratechnologies Correlation, Theratechnologies Hype Analysis, Theratechnologies Volatility, Theratechnologies History and analyze Theratechnologies Performance.
To learn how to invest in Theratechnologies Stock, please use our How to Invest in Theratechnologies guide.

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.
α0.05   β0.95

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 Thu, Sep 5, 2024 and Wed, Dec 4, 2024 is 1.7 with a coefficient of variation of 4.24. The daily time series for the period is distributed with a sample standard deviation of 0.07, arithmetic mean of 1.72, and mean deviation of 0.06. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Theratechnologies Faces EGRIFTA SV Supply Disruption - TipRanks
09/17/2024
2
Theratechnologies to Announce Third Quarter 2024 Financial Results and Provide Business Update - StockTitan
09/26/2024
3
Theratechnologies Set to Announce Quarterly Earnings on Thursday - MarketBeat
10/02/2024
4
Theratechnologies Inc. Sees Large Growth in Short Interest - 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 Turnover2.042.812.532.65
Days Of Inventory On Hand273.45112.76101.49106.56
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Theratechnologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Theratechnologies' short interest history, or implied volatility extrapolated from Theratechnologies options trading.

Build Portfolio with Theratechnologies

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Theratechnologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Theratechnologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Theratechnologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Theratechnologies Stock:
Theratechnologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Theratechnologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Theratechnologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...