Third Harmonic Bio Stock Alpha and Beta Analysis
| THRD Stock | USD 12.94 0.17 1.30% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Third Harmonic Bio. It also helps investors analyze the systematic and unsystematic risks associated with investing in Third Harmonic over a specified time horizon. Remember, high Third Harmonic'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 Third Harmonic's market risk premium analysis include:
Beta 2.43 | Alpha (0.1) | Risk 4.6 | Sharpe Ratio 0.0561 | Expected Return 0.26 |
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.
Third |
Third Harmonic Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Third Harmonic market risk premium is the additional return an investor will receive from holding Third Harmonic 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 Third Harmonic. 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 Third Harmonic's performance over market.| α | -0.1 | β | 2.43 |
Third Harmonic 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 Third Harmonic's Buy-and-hold return. Our buy-and-hold chart shows how Third Harmonic performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Third Harmonic Market Price Analysis
Market price analysis indicators help investors to evaluate how Third Harmonic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Third Harmonic shares will generate the highest return on investment. By understating and applying Third Harmonic stock market price indicators, traders can identify Third Harmonic position entry and exit signals to maximize returns.
Third Harmonic Return and Market Media
The median price of Third Harmonic for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 13.0 with a coefficient of variation of 7.3. The daily time series for the period is distributed with a sample standard deviation of 0.95, arithmetic mean of 13.04, and mean deviation of 0.76. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Julie Person of 12863 shares of Third Harmonic at 4.2 subject to Rule 16b-3 | 09/06/2024 |
2 | Third Harmonic Bio Is In A Strong Position To Grow Its Business | 09/16/2024 |
3 | Disposition of 503 shares by Julie Person of Third Harmonic at 14.0 subject to Rule 16b-3 | 09/18/2024 |
4 | Disposition of 9497 shares by Julie Person of Third Harmonic at 14.2871 subject to Rule 16b-3 | 09/19/2024 |
5 | Third Harmonic Bio executive sells shares worth over 71,000 | 09/20/2024 |
6 | Disposition of 2673 shares by Conner Edward R. of Third Harmonic at 15.0 subject to Rule 16b-3 | 10/28/2024 |
7 | Disposition of 64617 shares by Bvf Partners L Pil of Third Harmonic at 14.3 subject to Rule 16b-3 | 10/29/2024 |
8 | Third harmonic bio sees 14.3 million in stock sales by BVF Partners | 10/31/2024 |
9 | Third Harmonic Bio to Participate in Upcoming Investor Conferences in November | 11/07/2024 |
10 | Disposition of 2117 shares by Conner Edward R. of Third Harmonic at 15.0 subject to Rule 16b-3 | 11/08/2024 |
11 | Biotechnology Value Fund L.P. Expands Stake in Third Harmonic Bio Inc. | 11/13/2024 |
12 | Acquisition by Natalie Holles of 360000 shares of Third Harmonic at 4.2 subject to Rule 16b-3 | 11/27/2024 |
About Third Harmonic 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 Third or other stocks. Alpha measures the amount that position in Third Harmonic Bio 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) | Current Ratio | 22.72 | 51.8 | 50.29 | 25.72 | Net Debt To EBITDA | 12.1 | 8.1 | 8.61 | 6.74 |
Third Harmonic Upcoming Company Events
As portrayed in its financial statements, the presentation of Third Harmonic's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Third Harmonic's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Third Harmonic's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Third Harmonic. Please utilize our Beneish M Score to check the likelihood of Third Harmonic's management manipulating its earnings.
| 3rd of April 2024 Upcoming Quarterly Report | View | |
| 9th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 3rd of April 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Third Harmonic Backtesting, Third Harmonic Valuation, Third Harmonic Correlation, Third Harmonic Hype Analysis, Third Harmonic Volatility, Third Harmonic History and analyze Third Harmonic Performance. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Third Harmonic 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.