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 |
Theratechnologies Quarterly Cash And Equivalents |
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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.
Theratechnologies |
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.α | 0.05 | β | 0.95 |
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 Turnover | 2.04 | 2.81 | 2.53 | 2.65 | Days Of Inventory On Hand | 273.45 | 112.76 | 101.49 | 106.56 |
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.
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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.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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.