Let $(X, d)$ be a compact metric space and let $mathcal{M}(X)$ denote the space of all finite signed Borel measures on $X$. Define $I colon mathcal{M}(X) to R$ by [ I(mu) = int_X int_X d(x,y) dmu(x) dmu(y), ] and set $M(X) = sup I(mu)$, where $mu$ ranges over the collection of signed measures in $mathcal{M}(X)$ 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 $mathcal{M}(X)$ 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.