Therma Bright Stock Probability of Future Stock Price Finishing Over 40.02
| THRM Stock | CAD 0.03 0.01 20.00% |
Therma |
Therma Bright Target Price Odds to finish over 40.02
The tendency of Therma Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over C$ 40.02 or more in 90 days |
| 0.03 | 90 days | 40.02 | close to zero percent |
Based on a normal probability distribution, the odds of Therma Bright to move over C$ 40.02 or more in 90 days from now is close to zero percent (This Therma Bright probability density function shows the probability of Therma Stock to fall within a particular range of prices over 90 days) . Probability of Therma Bright price to stay between its current price of C$ 0.03 and C$ 40.02 at the end of the 90-day period is about 73.44 .
Assuming the 90 days trading horizon Therma Bright has a beta of 0.46. This usually implies as returns on the market go up, Therma Bright average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Therma Bright will be expected to be much smaller as well. Additionally Therma Bright has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Therma Bright Price Density |
| Price |
Predictive Modules for Therma Bright
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Therma Bright. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Therma Bright Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Therma Bright is not an exception. The market had few large corrections towards the Therma Bright's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Therma Bright, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Therma Bright within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.71 | |
β | Beta against Dow Jones | 0.46 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.05 |
Therma Bright Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Therma Bright for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Therma Bright can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Therma Bright generated a negative expected return over the last 90 days | |
| Therma Bright has high historical volatility and very poor performance | |
| Therma Bright has some characteristics of a very speculative penny stock | |
| Therma Bright has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Therma Bright has accumulated 90.39 K in total debt with debt to equity ratio (D/E) of 844.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Therma Bright has a current ratio of 0.08, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Therma Bright until it has trouble settling it off, either with new capital or with free cash flow. So, Therma Bright's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Therma Bright sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Therma to invest in growth at high rates of return. When we think about Therma Bright's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 23.9 K. Net Loss for the year was (3.77 M) with profit before overhead, payroll, taxes, and interest of 63.48 K. | |
| Therma Bright has accumulated about 6.18 K in cash with (2.17 M) of positive cash flow from operations. | |
| Latest headline from news.google.com: Therma Bright Congratulates Investment Partner Inretios Promising Initial Results from PREVA Devices First Clinical Phase - Yahoo Finance |
Therma Bright Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Therma Stock often depends not only on the future outlook of the current and potential Therma Bright's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Therma Bright's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 242.8 M | |
| Cash And Short Term Investments | 182.2 K | |
| Shares Float | 292.9 M |
Therma Bright Technical Analysis
Therma Bright's future price can be derived by breaking down and analyzing its technical indicators over time. Therma Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Therma Bright. In general, you should focus on analyzing Therma Stock price patterns and their correlations with different microeconomic environments and drivers.
Therma Bright Predictive Forecast Models
Therma Bright's time-series forecasting models is one of many Therma Bright's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Therma Bright's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Therma Bright
Checking the ongoing alerts about Therma Bright for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Therma Bright help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Therma Bright generated a negative expected return over the last 90 days | |
| Therma Bright has high historical volatility and very poor performance | |
| Therma Bright has some characteristics of a very speculative penny stock | |
| Therma Bright has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Therma Bright has accumulated 90.39 K in total debt with debt to equity ratio (D/E) of 844.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Therma Bright has a current ratio of 0.08, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Therma Bright until it has trouble settling it off, either with new capital or with free cash flow. So, Therma Bright's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Therma Bright sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Therma to invest in growth at high rates of return. When we think about Therma Bright's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 23.9 K. Net Loss for the year was (3.77 M) with profit before overhead, payroll, taxes, and interest of 63.48 K. | |
| Therma Bright has accumulated about 6.18 K in cash with (2.17 M) of positive cash flow from operations. | |
| Latest headline from news.google.com: Therma Bright Congratulates Investment Partner Inretios Promising Initial Results from PREVA Devices First Clinical Phase - Yahoo Finance |
Additional Tools for Therma Stock Analysis
When running Therma Bright's price analysis, check to measure Therma Bright'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 Therma Bright is operating at the current time. Most of Therma Bright's value examination focuses on studying past and present price action to predict the probability of Therma Bright's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Therma Bright's price. Additionally, you may evaluate how the addition of Therma Bright to your portfolios can decrease your overall portfolio volatility.