Thermon Group Holdings Stock Technical Analysis
| THR Stock | USD 28.54 0.02 0.07% |
As of the 8th of October, Thermon Group has the Variance of 5.1, risk adjusted performance of 0.0022, and Coefficient Of Variation of (19,730). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Thermon Group Holdings, as well as the relationship between them. Please validate Thermon Group Holdings coefficient of variation and value at risk to decide if Thermon Group is priced more or less accurately, providing market reflects its prevalent price of 28.54 per share. Given that Thermon Group Holdings has information ratio of (0.05), we advise you to double-check Thermon Group Holdings's current market performance to make sure the company can sustain itself at a future point.
Thermon Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Thermon, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ThermonThermon |
Thermon Group Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 30.0 | Buy | 4 | Odds |
Most Thermon analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Thermon stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Thermon Group Holdings, talking to its executives and customers, or listening to Thermon conference calls.
Thermon Group 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.
Thermon Group Holdings Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Thermon Group Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Thermon Group Holdings Trend Analysis
Use this graph to draw trend lines for Thermon Group Holdings. You can use it to identify possible trend reversals for Thermon Group as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Thermon Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Thermon Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Thermon Group Holdings applied against its price change over selected period. The best fit line has a slop of 0.06 , which may imply that the returns on investment in Thermon Group Holdings will continue to fail. It has 122 observation points and a regression sum of squares at 156.52, which is the sum of squared deviations for the predicted Thermon Group price change compared to its average price change.About Thermon Group Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Thermon Group Holdings on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Thermon Group Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Thermon Group Holdings price pattern first instead of the macroeconomic environment surrounding Thermon Group Holdings. By analyzing Thermon Group's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Thermon Group's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Thermon Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.0134 | 0.0118 | Price To Sales Ratio | 2.24 | 2.45 |
Thermon Group October 8, 2024 Technical Indicators
Most technical analysis of Thermon help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Thermon from various momentum indicators to cycle indicators. When you analyze Thermon charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0022 | |||
| Market Risk Adjusted Performance | (0) | |||
| Mean Deviation | 1.64 | |||
| Coefficient Of Variation | (19,730) | |||
| Standard Deviation | 2.26 | |||
| Variance | 5.1 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 14.48 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.32 | |||
| Skewness | (0.31) | |||
| Kurtosis | 1.96 |
Additional Tools for Thermon Stock Analysis
When running Thermon Group's price analysis, check to measure Thermon Group'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 Thermon Group is operating at the current time. Most of Thermon Group's value examination focuses on studying past and present price action to predict the probability of Thermon Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermon Group's price. Additionally, you may evaluate how the addition of Thermon Group to your portfolios can decrease your overall portfolio volatility.