Key words Compact metric space, finite metric space, quasihypermetric space, metric embedding, signed measure, signed measure of mass zero, spaces of measures, distance geometry, geometric constant MSC (2010) Primary: 51K05; Secondary: 54E45, 31C45Let (X, d) be a compact metric space and let M(X) denote the space of all finite signed Borel measures on X.and set M (X) = sup I(μ), where μ ranges over the collection of signed measures in M(X) of total mass 1. This paper, with two earlier papers [Peter Nickolas and Reinhard Wolf, Distance geometry in quasihypermetric spaces. I and II], investigates the geometric constant M (X) and its relationship to the metric properties of X and the functional-analytic properties of a certain subspace of M(X) when equipped with a natural semi-inner product. Specifically, this paper explores links between the properties of M (X) and metric embeddings of X, and the properties of M (X) when X is a finite metric space.