Thermax (India) Alpha and Beta Analysis
| THERMAX Stock | 4,905 113.90 2.38% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Thermax Limited. It also helps investors analyze the systematic and unsystematic risks associated with investing in Thermax over a specified time horizon. Remember, high Thermax's 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 Thermax's market risk premium analysis include:
Beta 0.36 | Alpha 0.12 | Risk 2.18 | Sharpe Ratio (0.03) | Expected Return (0.07) |
Thermax 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.
Thermax |
Thermax Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Thermax market risk premium is the additional return an investor will receive from holding Thermax 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 Thermax. 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 Thermax's performance over market.| α | 0.12 | β | 0.36 |
Thermax 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 Thermax's Buy-and-hold return. Our buy-and-hold chart shows how Thermax performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Thermax Market Price Analysis
Market price analysis indicators help investors to evaluate how Thermax stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thermax shares will generate the highest return on investment. By understating and applying Thermax stock market price indicators, traders can identify Thermax position entry and exit signals to maximize returns.
Thermax Return and Market Media
The median price of Thermax for the period between Tue, Sep 17, 2024 and Mon, Dec 16, 2024 is 5078.0 with a coefficient of variation of 5.39. The daily time series for the period is distributed with a sample standard deviation of 267.11, arithmetic mean of 4957.59, and mean deviation of 229.49. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Thermax Posts Strong Q2 Profit, Outshines Expectations - Finimize | 11/12/2024 |
2 | Jefferies Maintains Buy On Thermax, Cites Robust Orderbook, Strong Green Solutions Segment - NDTV Profit | 11/18/2024 |
3 | Thermax share price trading at 20 percent discount Should you buy it despite valuation concerns - Trade Brains | 11/21/2024 |
About Thermax 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 Thermax or other stocks. Alpha measures the amount that position in Thermax Limited 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.
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 Thermax 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, Thermax's short interest history, or implied volatility extrapolated from Thermax options trading.
Build Portfolio with Thermax
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Additional Tools for Thermax Stock Analysis
When running Thermax's price analysis, check to measure Thermax'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 Thermax is operating at the current time. Most of Thermax's value examination focuses on studying past and present price action to predict the probability of Thermax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermax's price. Additionally, you may evaluate how the addition of Thermax to your portfolios can decrease your overall portfolio volatility.