Third Harmonic Return On Equity vs. Price To Earning
| THRD Stock | USD 10.32 0.48 4.44% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.11) | Current Value (0.11) | Quarterly Volatility 0.33607606 |
For Third Harmonic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Third Harmonic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Third Harmonic Bio utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Third Harmonic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Third Harmonic Bio over time as well as its relative position and ranking within its peers.
Third |
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Third Harmonic. If investors know Third will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Third Harmonic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.97) | Return On Assets (0.11) | Return On Equity (0.14) |
The market value of Third Harmonic Bio is measured differently than its book value, which is the value of Third that is recorded on the company's balance sheet. Investors also form their own opinion of Third Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Third Harmonic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Third Harmonic's market value can be influenced by many factors that don't directly affect Third Harmonic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Third Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Third Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Third Harmonic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Third Harmonic Bio Price To Earning vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Third Harmonic's current stock value. Our valuation model uses many indicators to compare Third Harmonic value to that of its competitors to determine the firm's financial worth. Third Harmonic Bio is rated second in return on equity category among its peers. It also is rated second in price to earning category among its peers . At present, Third Harmonic's Return On Equity is projected to slightly decrease based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Third Harmonic by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Third Price To Earning vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Third Harmonic |
| = | -0.14 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Third Harmonic |
| = | 23.13 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Third Price To Earning Comparison
Third Harmonic is currently under evaluation in price to earning category among its peers.
Third Harmonic Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Third Harmonic, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Third Harmonic will eventually generate negative long term returns. The profitability progress is the general direction of Third Harmonic's change in net profit over the period of time. It can combine multiple indicators of Third Harmonic, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | -44 M | -46.2 M | |
| Net Loss | -35.5 M | -37.3 M | |
| Income Before Tax | -30.8 M | -32.4 M | |
| Total Other Income Expense Net | 13.1 M | 13.8 M | |
| Net Loss | -26.6 M | -28 M | |
| Net Loss | -30.8 M | -32.4 M | |
| Income Tax Expense | 2.9 M | 4.8 M | |
| Net Interest Income | 13.1 M | 8.6 M | |
| Interest Income | 13.1 M | 8.6 M | |
| Change To Netincome | 5.5 M | 6.5 M | |
| Net Loss | (0.78) | (0.82) | |
| Income Quality | 0.66 | 0.58 | |
| Net Income Per E B T | 0.97 | 0.83 |
Third Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Third Harmonic. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Third Harmonic position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Third Harmonic's important profitability drivers and their relationship over time.
Use Third Harmonic in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Third Harmonic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Third Harmonic will appreciate offsetting losses from the drop in the long position's value.Third Harmonic Pair Trading
Third Harmonic Bio Pair Trading Analysis
The ability to find closely correlated positions to Third Harmonic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Third Harmonic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Third Harmonic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Third Harmonic Bio to buy it.
The correlation of Third Harmonic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Third Harmonic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Third Harmonic Bio moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Third Harmonic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Third Harmonic position
In addition to having Third Harmonic in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Funds or Etfs investing in medical and healthcare goods or services as well as hospital management or maintenance organizations. The Healthcare Funds theme has 33 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Healthcare Funds Theme or any other thematic opportunities.
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To fully project Third Harmonic's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Third Harmonic Bio at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Third Harmonic's income statement, its balance sheet, and the statement of cash flows.